US Market closed on the lows of the day, largest weekly loss since June 2012, -3,1% YTD, Macro look to lead move on the market with EM...VIX @ 17.89 +30% (highest levels since 15th of Oct....selloff was in decent volume with 902mil shares traded...Asian MArkets are trading lower tracking Fridau Us Performamce, Japan merchandise trade hits record deficit despite weaker Yen; China markets still under pressure on manufacturing, credit worries...Nikkei -2.5%...BOJ Kuroda remains commited to target (Davos)...Shanghai -1.3%...few days away from the golden week , horse year...
Eur$ 1.3680 S&P Fut +0.24% European Fut : -0.20%
Macro Comment :
- Blackrock’s Fink Says Euro at $1.36 Isn’t Sustainable
- Schaeuble Says Euro Area No Longer Center of Global Concern
- Draghi Says ECB Would Act on Unwarranted Money-Market Tightening
- Knot Says No Immediate ECB Action Needed as Market Rates Studied
- Germany govt to raise 2014 GDP growth forecast to 1.8% from 1.7%,Sees 2015 GDP growth at 2.0%
Keep an eye on :
- A2A IM : Continuing to cut costs and reduce debt in 2014; Able to get debt below €4.0B in 2013
- AIR FP : FAA said to have requested safety inspection for over 400 767 units, -ve for Boeing
- ALV GY : Allianz CFO Tells FAS Stocks Are Not Overvalued
- AMEC LN : Amec is looking at takeover candidates in Canada's energy industry.
- BMW GY : BMW Meeting EU Carbon-Emission Target on i3, Automobilwoche Says
- BP IM : Banco Popolare said to be planning to raise €1.5b
- BSY LN : speculation tht Murdoch may again propose a bif fo the co. News corps stake in BSY is 39%, in 2010 News Corp made a 700p/sh. bid
- BSY LN : BSkyB and Vodafone hold back on merger talks -FT
- CA FP : Klepierre signs binding agreement for EUR 2bn sale of 127 retail galleries to Carrefour
- CBK GY : According to OECD has a capital shortfall of €7.7B; Deutsche Bank shortfall of €19.0B
- ILD FP : Iliad CEO Says No French Operator Meets Coverage Rules: Echos {NSN N01ROW6K50YC <go>}
- LXS GY : Lanxess Says CEO Heitmann to Be Replaced by Zachert
- NHH SM : Blackrock (from 5,62% to 9%) & THS ( from 3,89% to 5%) increase stakes - Expansion
- NHH SM : Blackrock (from 5,62% to 9%) & THS ( from 3,89% to 5%) increase stakes - Expansion
- NHH SM : HNA (China based shareholder) said to consdier raising stake to 30% from 20% - confidencia
- ORA GY : Orange’s Vivek Badrinath Said Leaving to Go to Accor: WSJ
- RNO FP : Renault, Nissan to Announce Shared Management Groups: Echos
- SAFT FP : Awarded multi-million Euro battery contract with Hitachi
- SAP GY : Cloud Not Cannibalizing Traditional Business, SAP CFO Tells Euro
- SIE GY : Investors Ask Siemens Chairman to Leave Early, Handelsblatt Says
- STAN LN : ICBC Said Near Standard Bank London Trading Unit Stake: WSJ
- TIT IM : Billionaire Sawiris to Bid for Tim in Brazil: Folha
- UBM LN : United Business Media Hedge fund( Hengistbury, 2nd largest investor with a 5.2% stake) raid may force UBM breakup/sale of PR Newswire unit (valued at approx £500M)
- UBSN VX : UBS Close to Ending Formula One Sponsorship: Schweiz am Sonntag
- UG FP : Peugeot Family Wants to Keep Important Role: Chairman to Figaro
- UG FP : Tavares May Become Peugeot CEO in March {http://reut.rs/1d2nZBB}
- UG FP : Peugeot Aims to Make 1m Cars Annually in China With Dongfeng: FT
- VOD LN : AT&T in Talks With EU Over Potential Vodafone Bid 2 CEOs met in Davos {NSN MZYUUW6JIJUO <go>}-->AT&T just announce that no intentionto make an offer for VOD !!!!
- VOD LN : China Mobile Mulls Vodafone Stake Purchase, Mail on Sunday Says
- VOD LN : Ono (Spanish Cable compagny) shareholders (consortium with 54,4%) are exploring a sale to Vodafone & also preparing IPO - Expansion
- VOD LN : Ono (Spanish Cable compagny) shareholders (consortium with 54,4%) are exploring a sale to Vodafone & also preparing IPO - Expansion
- VOD LN : Vodafone, Telekom Seek Remedies in O2/E-Plus Merger, Focus Says