Dow+3.95% S&P+3.90% Nasdaq+4.24% Russell+2.54% VIX 30.32 ( -15.82%)
US Market closed sharply higher after 6days of losses. Market stayed in a slow mode on the first few hours of trading, even don't really react do Dudley comments. Market started to rally at the same time that the USD began rallying against Euro & JPY, suggesting the return of Carrt flows, US 10y traded up to 2.19%, spike in yield kept utilities behing the borad market. Tech Sector was leading the move, with Mega Cap spiking AAPL +5.74% FB +5.05% GOOGL +7.72% (GS Upgrade). Energy traded higher too even if Crude settle lower @ $38.68 (-1.6%), higher this morning @$39.45 (+2.20%)...Volume were again above 1bil shares @ 1.25bil...well above average...US AFter Hours NQ +63.4%, EDAP +11.6%, PVH +5.0%, WDAY -7.2%, VNET -5.9%, WSM -5.6%, GES -4.3% following earnings/guidance...In Asia, the positive developments also emerged from China, with PBOC injecting another CNY150B in 7-day reverse repos and doing so at a lower yield of 2.35% v 2.50% prior - the first time that yield was lowered since Jun 29th. Separately, earlier today, Chinese pres citing State Information Center researcher Zhu Baoliang noting GDP can grow around 7% in the future and fundamentals are sound. BOJ's Kuroda reiterated the view that inflation target can be met despite the oil price decline, signalling that while the central bank is prepared to adjust QQE, the current pace of QQE will meet price objective. BOJ also stated there is no plan for further easing at this time despite the recent speculation that the easing may be boosted due to low oil prices.
Nikkei +1.23% Hang Seng +2.21% Shanghai -0.5% ( after gaining 3%)
Eur$ 1.1347 CNY 6.4067 JPY 119.92 GBP 1.5493 EURCHF 1.0813 RUB$ 68.52 WTI 39.51 (+2.36%)
S&P Flat EuroStoxx +1.48% Dax +1.62% SMI +1.71%
Macro :
- China’s Ability to Stem Rout Hindered by Interest-Rate Flaw
- Tsipras’s Election Gamble Risks Backfiring as Greeks Get Jaded
Keep an eye on :
- ADS GY : Adidas CEO Says Not Feeling Any Impact From China Crisis: FAZ
- ALO FP : GE’s Alstom Purchase Could Lead to Loss of 10,000 Jobs: Figaro
- BALN SW : Baloise 1H Net Income CHF249m, Est. CHF247m; Sees 8%-12% FY ROE
- BAS GY : BASF, SKC in Talks for S. Korea Hydrogen Peroxide Plant: Yonhap
- EN FP : Bouygues Raises FY Telecom Outlook, Confirms for Construction
- CRH LN :
- BC IM : Cucinelli 1H Ebitda In Line With Ests.
- FGR FP : Eiffage 1H Rev. EU6.6b vs EU6.5b Y/y
- FIE GY : Fielmann Sees 2015 Unit Sales, Rev., Profit Rising
- GTO NA : Gemalto 1H Adj. Net EU105.7m vs Est. EU143m
- IBAB BB : Ion Beam 1H Net EU14.5m vs EU7.44m; Raises 2015 Rev. Forecast
- MS IM : Mediaset Offering Appealing Entry Level, Upgraded at Mediobanca
- RI FP : Pernod FY Organic Sales Growth Misses, Has EU404m Absolut Charge
- SU FP : Schneider CEO Says No Need to Cut Forecasts on China Stock Mkt
- SYNN VX : Syngenta Confident in Prospects, Says Monsanto Undervalued It