Dow-1,25% S&P-1,39% Nasdaq-0,44% Russell-0,69% VIX 36.02 -11.58%
US Market closed lower after starting on a strong note., S&P loste 1.395 after being up 2.9%., NAsdaq -0.4% after being up 3.6%. it looks like that US investors are waiting to see the reaction of investors in china after PBoC cut its main lending rate by 25bps to 4.6% and lowered its RRR by 50bps to 18%. the selling during the final hour resembled action observed on Monday morning as liquidity dried up notably and bid-ask spreads widened past typical levels. The S&P 500 surrendered nearly 40 points during the final hour, pulling all sectors into the red. Interestingly, the utilities sector (-3.2%) ended at the bottom of the leaderboard as the rate-sensitive group suffered from higher yields intraday and extended its losses during afternoon selling. heavily-weighted sectors like financials (-1.7%), industrials (-1.6%), and health care (-1.4%) ended in the red while consumer discretionary (-0.4%) and technology (-1.2%) surrendered their gains after being up more than 3.0% apiece. VIX Finish on its intraday highs but still below Tue. levels...BBU +12.6% on Better ERN and TOL -7.8% after missing on ERN...volume were againg way above average with more than a 1bil shares traded again today...US AFter Hours DY +9.4%, SLH +7.9%, UPIP +3.9%, LCI +2.9%, NMLB +1.9% following earnings/guidance...OSK ++11% on Neww US Army Contract(worth 6.7bil)...RIG -9.8% on propose cancelation of 3rd & 4th installments of dvd ($0.15 / Q Dvd)...After some morning session volatility in the China markets that saw key indices oscillate between gains and losses, the afternoon session is turning more in favor of the buyers. Shanghai Composite is up 3%, S&P futures are up 1.4% or 27points, safe-haven Yen is under pressure with USD/JPY up 120pips above 119.70, and EUR/USD is down 80pips from the lows below 1.1480.
Nikkei +3.14% Hang Seng +0.57% Shanghai +2.75%
Eur$ 1.1475 CNY 6.4115 JPY 119.66 GBP 1.5699 ERUCHF 1.0842 RUB $69.1536 WTI $39.58 (+0.69%)
S&P +1.42% EuroStoxx -1.58% Dax -1.73% SMI -.136%
Macro :
- ECB Said to Ask Investors to Sell ABS Amid Trouble Buying Debt
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