Dow-0,79% S&P-0,55% Nasdaq+0,16% Russell-0,14%
US Market Close Lower on Friday but still positive on the week (+1,6%), UPS weighted on the market (-9,9%, closed below its 100dMA), Coeure comments on ECB need to do more QE if needed helped mkt tp rebound from lows, WTI crude was able to make an intraday appearance in the green, but ended lower by 1.8% at $45.56/bbl. Utilities & Technologt were only sector trading higher...SBUX +6,5%...MCD -1,5%...Volume were below average at 765mil shares...VIX @ 16,66 +1,58%...Greek Syriza has been voted in as the first anti-bailout party to govern a euro member nation. While the victory has been anticipated going into the elections, the overwhelming 10pt margin (36-38% vs 26-28% for ruling ND) is telling of the austerity exhaustion in the eurozone periphery, which could subsequently shift the focus to the rise in similarly oriented Podemos party in Spain. The final count will reveal whether Syriza will secure the required 151 seats in Parliament (halfway through counting, polls suggest 149-150), however a small right-wing Independent Greeks party has already come forward as the anti-bailout partner to Syriza, and a new govt with Tsipras as the PM will likely be finalized in the next 1-2 days. Celebrating victory, Tsipras said the election marks the end of bailout agreement for Greece and cancels the program of austerity, but also pledged to cooperate with partners to achieve a "mutual solution" rather than a "destructive collision". Bundesbank's Weidmann pre-empted any re-negotiation plans, stating that "Greece will remain dependant on support and it's also clear that this aid will be provided only when it is in an aid program." EUR/USD fell about 50pips to 2003 lows below $1.11 at the open before paring some of those losses toward the afternoon session...In China, the official govt mouthpiece People's Daily announced overall financial risks are controllable, adding Beijing is unlikely to ease home purchase limit in 2015 while also acknowledging risks from local debts, property-related financing, and shadow banking emerging to some extent. Report out of NDRC researcher stated the impacts of rate and RRR cuts are limited to real economy as funds likely flow into stock market, while fiscal policy measures are effective...Japan Dec merchandise trade deficit was smaller than expected due to strong export growth, which rose by 12.9% y/y - the highest rate since Jan 2013
Nikkei -0.25% Hang Seng -0.16% Shanghai +0.65%
RUB $64.70 WTI $44.98 (-1.34%)
Eur$ 1,1215 S&P -0,41% EuroStoxx -0.74% Dax -0.64% SMI -00.75%
Macro :
- Syriza Places First in Greek Election, Exit Poll Shows
- Visco Says ECB’s QE Program Has No Fixed End: Handelsblatt
- ECB’s QE Is ‘Quite Positive’ for Greece, Finance Minister Says
- Merkel Seeks G-7 Support for Eradicating Extreme Poverty by 2030
- Draghi Sees Reasons in Favor of Real Economic Union: WiWo
- Swiss Franc Could Extend Gains Versus Euro, UBS CEO Tells SamS
- Merkel Freezes All Weapons Exports to Saudi Arabia: Bild
Keep an eye on :
- AIR FP : Airbus Has Product-Quality Problem, Von Der Leyen Tells Spiegel
- AF FP : Air France Said to Drop Routes Including Kuala Lumpur, JDD Says
- ABI BB : Anheuser-Busch to Buy Elysian Brewing Co.; Terms Not Disclosed
- AERL LN : IAG Makes Third Approach for Aer Lingus, Sky Reports
- ADEN VX : Adecco CEO Says Clients ‘Very Worried’ About Stronger Franc: SZ
- ALO FP : Alstom Wins EU100m Contract from Egypt’s Railway Co.
- ALT NA : Altice could divest Cabovisao and Oni to clear EU competition hurdles over EUR 7.4bn PT acquisition
- AENA IPO : Aena IPO Price Range EU43-EU55 P/Shr for EU2.3B Max. Offering
- AREVA FP : Areva to Name Stephane Lhopiteau of Thales as CFO, Echos Says
- BALSN VX : Basilea CEO Sees Blockbuster Potential for Antifungal Drug
- BP/ LN : BP chief says no plans to sell Rosneft stake
- DBK GY : Deutsche Bank Says Claim of Jain Clash ‘Categorically False’
- DEB LN : Sports Direct rules out Debenhams takeover; takes option over 16.6%
- EPRX TI : Borsa Istanbul in talks over stake sale - FT
- FRE GY : CEO: Intend to raise dividend after achieving financial targets in 2014,No appetite for further large acquisitions at the moment; Says " radar remains active but nothing big is imminent".- Profitability growth is not trending lower.
- IPN FP : Ipsen Says Dysport Meets Primary Endpoint in Two Phase 3 Studies
- MRW LN : Wm Morrison Chairman Sees ‘Full Health’ in 3-5 Yrs: Sunday Times
- NESN VX : Nestle CEO Says Nespresso Faces ‘Quite a Lot of Competition’
- NOVN VX : FDA Approves Novartis Meningococcal Serogroup B Vaccine
- RNO FP : Renault-Nissan to Double Electric Car Distance by 2017: Echos
- SAND SS : Sandvik CEO Positive on U.S. Market Outlook: Dagens Industri
- SAP GY : CFO: Cloud software may deliver higher profit margins than traditional softwar e over time, Says: "Such contracts become profitable over time. In the longterm, they can definitely become more profitable than our classic licence sales."
- SCYR SM : Sacyr Says Creditors Agree to Refinance Repsol Loan
- SIE GY : Siemens Plans to Cut Costs Related to Quality, FAZ Reports
- SIE GY : Siemens’ Kaeser to Face AGM Critics Over Dresser-Rand: WiWo
- SIK VX : Sika Says Burkard Family Voting Rights Should Be Limited to 5%
- SOLB BB : Solvay CEO Confident in Achieving 10% Earnings Growth: Investir
- STAN LN : Standard Chartered Down After Report It’s Looking to Replace CEO --> -1.3% in HK
- SYNN VX : Syngenta CEO Says Overall Growth Rate to Be Muted in 2015: CNBC
- TIT IM : Oi to consider all options for telecoms consolidation in Brazil
- VOD LN : Hutchison to Push for Competition Review in U.K., Telegraph Says
- VOW GY : VW to Continue Setting Reasonable Dealer Sales Targets in China