5US Market closed higher, S&P above the 2,000, Russel leaded the move (+0.9%) but volume continue to be light @500mil shares traded. Energy & Financials continue to OP, US names followed good perf from European peers...Industrials settled in the red (-0.3%), BBY -6.9% after Earnings, DSW +9.2% on Earnings, overall Retailers OP...no concrete news from Minsk but clearly some descalation of the situation...VIX @ 11.63 -0.6%...After Hours TUBE +32.3%, VIMC +7.1%, ARUN +3.3%, SWHC -11.8%, DAEG -10.1%, SLH -1.7%, TIVO -1.4% following earnings/guidance...TIF is reporting today before the open...Asian mkt was quite traded in line with US mkt...China Telecom reported better numbers, Haier reported better sales but stock is down on margin contraction...Nikkei +0.01% Hang Seng +0.09% Shanghai +0.30%
Eur$ 1.3159 S&P +0.04% SX5E -0.22% FTSE -0.15% DAX -0.09% SMI -0.14%
Macro
- EuroStoxx 600 changes : take effect on the 22nd of Sept.
In : ABG/P SM , BPOST BB, ERF FP, EUROB GA, GAM SM, ISS DC , MOR GY, OUT1V FH, PHMX LN
Out :CGG FP, EBRO SM, LMI LN, OTE1V FH, POLY LN, PTC PL , SOW GY, TOD IM, WIN GY,
- *ITALY TO REVISE DOWN GDP FORECAST, PADOAN TELLS CORRIERE
Keep an eye on :
- AENA Aeropuertos : Banks Value Spain's Aena at EU4b at Least, Cinco Dias Reports
- AGFB BB :Reports Q2 Adj EBIT €46M v €36M y/y, Rev €651M v €732M y/y, Revenues hurt by weakness in emerging markets, negative currency effects
- ASC LN : Takeover rumors - eBay mentionned as potential acquirer @£50/share
- CU FP : Fosun won't rule out Club Med return, Vice chairman said Fosun they haven't give up
- EDF FP : EDF Picks Cos to Build 3M Smart Meters: Echos (Correct)
- ENEA SS : Enea 2Q Net 416.1m Zloty; Analysts Est. 279m Zloty
- GOGL NO : Reports Q2 Net profit $1M v loss $5Me, EBITDA $23.2M v $12.9Me, Op Rev $72.8M v $74.5M y/y
- GSK LN : GSK Gets FDA Approval of Added Promacta Indication
- INH FP : Granted EU orphan drug status for IPH4102 for the treatment of cutaneous T-cell lymphoma
- MHG NO : Marine Harvest Posts 2Q Net Loss; Declares NK1/Share Dividend
- REP SM : Repsol Said Stalled in Talks to Buy Talisman Energy Assets: WSJ
- RNO FP : Renault Says Ruble Fall Prompts Car-Price Increases in Russia
- RUSAL (486 HK) : Rusal 2Q Adjusted Ebitda $220m; Est. $258.7m
- SAP GY : SAP, China Telecom Joint Venture Opens Shanghai Data Center
- STCBV FH : Stockmann: Sudden departure of CEO could mean accelerated strategic changes -Kauppalehti
- TEF SM : Telefonica Faceoff in Brazil Portends GVT Bidding War {NSN NAXQ3K6VDKHT <go>}
- TFI FP : TF1 Wants to Be Able to Buy Newspapers, Radio Stations: Echos
- TTI GY : Tom Tailor : There is speculation that Fosun could raise stake from 23%