Dow +1.12% S&P +0.61% Nasdaq +0.70% Russell +0.94%
US Market ckosed higher, help by +ve european sentiment and +ve earnings announcement in the US. nine of eleven sectors finished in positive territory. The materials group closed at the top of the standings by a wide margin while the utilities (-0.1%) and telecom services (-0.3%) spaces finished in negative territory at the bottom. The real estate (+0.2%) and consumer staples (+0.3%) sectors underperformed, and the remaining sectors--financials, consumer discretionary, industrials, energy, technology, and health care--settled with gains between 0.5% and 0.8%. investors cheered the renewed push for tax reform (with, or without, health care reform), a sense that Congress will avoid a government shutdown this week, and China's diplomatic emphasis on quieting tensions over North Korea. US After Hours IRBT +10%, EW +8%, ARNC +5%, WYNN / TSS +4%, CMG / JNPR +3.3% all higher following earnings, DECK +5.6% exploring strategic alternatives... X -17% following earnings and dragging down steel names. Asian equity indices remain bid, tracking 2nd straight day of strong gains on Wall St. Optimism from weekend French election has been displaced by expectation of pro-business tax reform announcement from the White House on Wednesday. One press report anticipates the plan to feature tax cuts for small pass-through businesses to 15% from 39.6%, along with a 10% levy on US companies offshore profits. Treasury Sec Mnuchin and EA Cohn have met with Congressional leaders Tues evening, and White House suggests "everyone is on the same page". The tax plan will also reportedly not contain House Speaker Ryan's border-adjustment proposal.
Nikkei +1.05% HangSeng +0.65% CSI +0.35% Shanghai +0.33%
Eur$ 1.0946 CNH 6.8896 CNY 6.8852 JPY 111.38 GBP 1.2835 CHF 0.9925 RUB 56.0655
S&P +0.02% EuroStoxx +0.11% Dax +0.05% SMI +0.02 FTSE +0.05
Macro :
- French 2nd-Round Vote Shifts 1-Point to Macron: Ifop Daily Poll
- Oil Bull Andurand Says Rebound in Sight Despite ’Choppy’ Market
Keep an eye on :
- ABE SM : Abertis Board Open to Receiving Atlantia Offer: Confidencial
- ADP FP : ADP 1Q Rev. EU700M, Up 1.8%; Raises 2017 Traffic-Growth Forecast
- AI FP : Air Liquide Says Synergies From Airgas Materializing Rapidly
- AKZA NA : Elliott Advisors Says Condemns Akzo Nobel Rejection of EGM
- AZA IM : Alitalia Partial or Total Sale Likely in Next 6 Months: Calenda
- AZA IM : Italy Won’t Oppose Any Bid From Lufthansa for Alitalia: Delrio
- ALO FP : Spain Seeks to Unblock High-Speed Train Projects: Economista
- BLT LN : BHP Cuts Copper, Coal Output Targets, Narrows Iron Ore Forecast
- BB FP : Bic 1Q Net Sales Declines; Sees FY Organic Growth
- CABK SM : CaixaBank Boosts Insurance Business, Expansion Reports
- CAP FP : Capgemini 1Q Rev. EU3.17b
- CSGN VX : Credit Suisse 1Q Net Income Beats Highest Est.
- CSGN VX : Credit Suisse to Raise CHF4b in Rights Offer; Keeps Swiss Bank --> Credit Suisse CHF4b Rights Issue May Not Be Enough: Bernstein
- DAI GY : Daimler 1Q Rev. EU38.8b, Daimler Sees ‘Significant’ 2017 EBIT Growth, Up From ‘Slightly’
- DSY FP : Dassault Systemes 1Q Non-IFRS Rev. Rises 10% to EU766m
- FLO FP : Groupe Bertrand to Buy French Steakhouse Operator Groupe Flo
- G IM : Generali Ready to Weigh Acquisitions: Chairman to Corriere
- SHBA SS : Handelsbanken 1Q Net Income Beats Highest Est. , May Consider Share Repurchases, Extra Dividend
- ISAT LN : Qatar Airways to Use Inmarsat Satellites to Track Flights
- KEMIRA FH : Kemira 1Q Rev. Beats Highest Est.
- KER FP : Kering 1Q Beats Ests.; Co. in ‘Particularly Good Position’
- KPN NA : KPN 1Q Rev. Cont. Ops. Matches Est.
- LIGHT NA : Philips Offering ~22.25m Philips Lighting Shares Via Placing
- LOGN VX : Logitech 4Q Sales Beat Highest Est.
- LONN VX : Lonza to Raise CHF2.25b in Share Sale for Capsugel Purchase
- LHA GY : Italy Won’t Oppose Any Bid From Lufthansa for Alitalia: Delrio
- MMT FP : M6 1Q Net Sales EU323.7m
- NXI FP : Nexity 1Q Rev. Rises 5.5%; Co. Repeats Outlook for 2017 Growth
- UG FP : PSA 1Q Rev. EU13.63B, Up 4.9%; Est. EU13.47B
- PHIA NA : Philips Cuts Stake in Philips Lighting to 39%; Raises EU641m
- REE SM : Red Electrica 1Q Net Income Beats Est.
- REP SM : Repsol, Statoil Said to Pull Expats From Venezuela: Reuters
- SAF FP : Safran First-Quarter Sales Gain 5%; Outlook Confirmed --> Safran 1Q Rev Beat W/ Positive Mix, Guidance Confirmed: Barclays
- SAN SM : Santander 1Q Net Income Beats Highest Est.
- SAN SM : Santander CET1 Fully-Loaded Rises to 10.66% From 10.55% in Dec.
- STL NO : Repsol, Statoil Said to Pull Expats From Venezuela: Reuters
- TELIA SS : Telia 1Q Rev. Beats Highest Est.
- UCB BB : UCB Receives Positive CHMP Opinion for Cimzia Injection Device
- UL FP : Unibail-Rodamco 1Q Gross Rental Revenue Climbs 1.1%
- RIN FP : Vilmorin 9-Month Sales Rise 8.1%; Co. Lifts FY Margin Outlook
- VIV FP : Vivendi Aims to Double Ebita to About EU2b in 3 Or 4 Yrs: Echos