Dow -0.30% S&P -0.38% Nasdaq -0.50% Russell -0.84%
US Market closed lower after mixed earnings and strnger dollar. Sterling plunged 1.3% against the dollar (1.2083) ahead of commentary from Bank of England Governor Mark Carney. However, remarks from Governor Carney proved to be rather innocuous and the currency pair narrowed its loss throughout the remainder of the session. The pound lost 0.5% against the dollar. WTI crude ended its session lower by 1.3% ($49.87/bbl; -$0.65), extending its weekly loss to 1.9%. Apple finished higher by 0.5% ahead of its quarterly report. Meanwhile, Corning fell 3.9% despite reporting above-consensus quarterly results. The high-beta chipmakers finished slightly ahead of the broader sector as the PHLX Semiconductor Index slipped 0.2%. Volume continue to be below average at 819mil shares. US After Hours AKAM +8%, JNPR +7%, VRTX +6%, PNRA +6%, IRBT +5% following earnings/guidance, TWTR +3.4% amid renewed M&A speculation... EW -13%, WFT -11%, CHRW -6%, P -6%, AAPL -3% following earnings/guidance. Apple beats estimates marginally on top and bottom line, but shares fall nearly 3% afterhours; Analysts note the first annual sales decline in 15 years as well as compression in margins (38.0% v 39.9% y/y) due to higher cost structure of newer iPhone products. On the earnings call, CFO Maestri noted currency headwinds remaining a headwind, while CEO Cook skirts around the impact of Samsung's Galaxy Note 7 scandal. Twitter shares spiked higher following a Betaville report that Disney interest in acquisition has returned; Betaville reported the two companies agreed on takeover price "in high $20s/shr" last week. Recall last week Disney confirmed reports that it heard a presentation from Twitter execs, but decided not to pursue acquisition due to valuation and investor pressure. Dec WTI crude oil contract fell to a 3-week low of $49.30/brl, down about 1%, following API inventories report showing the largest build since April; Sinopec and CNOOC shares fell about 2.5% in Hong Kong on lower oil; DOE inventories expected in early US session.
Nikkei +0.09% Hang Seng -0.70% CSI -0.27% Shanghai -0.40%
Eur$ 1.0887 CNH 6.7782 CNY 6.7701 JPY 104.31 GBP 1.2166 CHF 0.9949 RUB$62.2505 WTI$ 49.33 -1.26%
S&P -0.20% EuroStoxx -0.03% FTSE -0.17% Dax +0.03% SMI -0.18%
Macro :
- Fed’s Lockhart to Speak on Community Development in 5 Min.
- SoftBank CEO Sees Fund Likely Making Multibillion Dollar Buys:FT
Keep an eye on :
- AIR FP : Airbus 3Q Profit Misses Estimate; FY Forecast Confirmed
- ABI BB : Coca-Cola, Kirin Plan Tie-Up in Japan: Nikkei
- ABG SM : Abengoa Says Plan Has Support of More Than 75% of Creditors
- AAPL US : Apple FY1Q Rev. View Tops Est.; IPhone Sales Beat, ASP Misses
- AAPL US : Apple Falls After Gross Margin View, ASPs Trail Estimates
- T US : AT&T to Offer DirecTV Now Streaming Service for $35/Month
- BAYN GY : Bayer 3Q Ebitda Ex-Items Beats Ests.; Raises 2016 Core EPS Goal
- BMPS IM : Paschi Risk/Reward Still Unattractive After Plan, Berenberg Says
- CAP FP : Capgemini 3Q Sales Fall 0.6%; Confirms 2016 Outlook
- DBK GY : Deutsche Bank Said to Weigh Alternatives to Cash Bonus Payments
- EDF FP : EDF Barred From Halting Nuclear Power Sales to Rivals: Figaro
- EDF FP : EDF Says Confident French Nuclear Reactors Can Operate Safely
- ED US : Edison CEO Sees Utility Deals Being Done at Expensive Premiums
- EDP PL : EDP Agrees to Sell EU100m of Tariff Deficit in Portugal
- GAM SM : Gamesa Shareholders Approve Siemens Wind Holdco Merger
- HAV FP : Havas 3Q Organic Growth Damped by Slower North America, China
- BOSS GY : Hugo Boss to Pivot Away From Luxury Market: Handelsblatt
- KER FP : Kering 4Q Sales Via New Gucci Collections Seen >80%: Call, Kering 3Q Beat Driven by Gucci, YSL, Puma, Berenberg Says
- KRN GY : Krones 3Q Rev., Pretax Beats, Confirms 2016 Outlook
- MELE BB : Melexis 3Q Rev. Misses Est.; Oper. Profit Beats; Affirms Outlook
- MDM FP : Maisons du Monde Raises 2016 Forecast; 3Q Customer Sales Up 25%
- NDA SS : Nordea 3Q NII Slightly Below Estimates; Sees Flat NII in 4Q
- NOVOB DC : Novo Nordisk Applies to Add ‘Leader’ Data to Victoza Labeling
- UG FP : Peugeot 3Q Revenue Misses Estimate; Forecast Confirmed
- RED SM : Red Electrica 3Q Net EU147.8m, Matching Analysts’ Estimates
- RNO FP : Renault 3Q Revenue Beats Estimate; FY Forecast Confirmed
- RNO FP : Renault CFO Sees Higher Than Expected R&D Spending in 2H
- RNO FP : Renault 3Q Revenue Was Small Beat, No Surprises: Analysts
- SAN SM : Santander 3Q Net Beats Estimate; CET1 Fully Loaded 10.47%
- SGO FP : France Pare-Brise bought by Saint-Gobain - (Small)
- SPM IM : Saipem 3Q Adj. Operating Profit Beats; Keeps FY 2016 Guidance
- STL NO : Statoil Has ‘Clear Ambition’ to Compete in Carcara Brazil Round
- STB NO : Storebrand 3Q Profit Beats; Solvency Margin Drops Vs 2Q
- O2D GY : Telefonica Deutschland 3Q Revenue Tops, Net Loss Exceeds Ests.
- HO FP : Thales Wrote Hollande Opposing Transport Sale to Alstom: Monde
- UL FP : Unibail-Rodamco Reiterates 2016 Forecast, Sells 2 Buildings
- DG FP : Vinci 9-Month Rev. Drops on Contracting, Confirms FY Outlook
- VOD LN : Vodafone Said Set to Get Fined by U.K.’s Ofcom Tomorrow: Sky
- VOW3 GY : Volkswagen Recalls 129,230 Vehicles in Japan for Air Bags
- WDI GY : Wirecard 3Q Sales Rise 33%, Ebitda Up 35%; Confirms 2016 Targets