Dow -0.10% S&P +0.03% Nasdaq +0.24% Russell +0.58%
US Market closed on a flat note as investors are waiting for FOMC statemnt & BoJ. Five sectors finished in the green as materials (+0.7%) and industrials (+0.7%) topped the leaderboard. The remaining gainers finished with upticks between 0.2% (financials) and 0.4% (technology). Conversely, defensively-oriented telecom services (-1.5%), utilities (-0.9%), consumer staples (-0.8%), and health care (-0.2%) rounded out the board. For its part, WTI crude ended its pit session lower by 0.5% ($42.91/bbl; -$0.22). Volume were again below average with 803mil shares. US After Hours AAPL +7%, EW +6.4%, X +3% following earnings/guidance, Apple suppliers higher... AKAM -12%, TWTR -10.6%, CHRW -6% following earnings/guidance. Asian equity markets are once again mixed following a flattish session on Wall St. After-market earnings saw some notable upside after hours on Earnings. Japan is at the forefront among the gainers on late-session speculation of a ¥27T fiscal stimulus decision by PM Abe (Fuji News reported PM Abe would announce the details of a ¥27T stimulus package as soon as today, with the cabinet approval for the plans coming next week +US press spec of 50y JGBs issuance as part of stimulus). Conversely, credit concerns (Moody's echoed sentiment from Fitch last week about thge growing size of China shadow banking) in China sent Shanghai Composite lower by over 1.5%.
Nikkei +1.85% Hang Seng -0.18% CSI -2.20% Shanghai -2.40%
Eur$ 1.0995 CNH 6.6747 CNY 6.6705 JPY 105.51 GBP 1.3134 CHF 0.9918 RUB 65.9849 WTI $42.78 (-0.30%)
S&P +0.17% EuroStoxx +0.30% Dax+0.33% SMI +0.25%
Macro :
- Appetite for U.S. Debt Is Weakest Since 2009 in Lead-Up to Fed
- Abe Says Japan Stimulus to Be More Than 28t Yen: Kyodo
- UBS Cuts China CSI 300 Year-End Target to 3,200
Keep an eye on :
- AC FP : AccorHotels in Talks to Buy Concierge Services Co. John Paul
- AIR FP : Airbus 2Q Profit Beats Est; Takes EU1.41b Plane Charges
- AF FP : Air France-KLM 2Q Rev. Matches Est.; Sees Pressure on Unit Rev.
- ARCAD NA : Arcadis 1H Ebita Falls, Sees Tough Conditions Continue in 2H
- ATO FP : Atos 1H Rev. In Line With Estimates; Raises 2016 Outlook
- BAS GY : BASF 2Q Ebit Ex-Items, Sales Miss Ests.; Confirms 2016 Outlook
- BAYN GY : Bayer 2Q Ebitda Ex-Items Beats Estimates; Raises 2016 Outlook
- BMPS IM : Italy Seeks Private Monte Paschi Bailout: FT
- BUCN SW : Bucher 1H Orders -7.2%, Sales -9.4% on FX, M&A Adjusted Basis
- CAP FP : Capgemini 1H Sales In Line; Raises 2016 Operating Margin Outlook
- 1COV GY : Covestro 2Q Adj EBITDA Rises 8.8% to EU542m From Year Ago
- DBK GY : Deutsche Bank Posts 2Q Net Income vs Est. Loss; CET1 Ratio Rises
- DIA SM : Dia 2Q Net Sales, Adj. Ebitda In Line With Ests.
- FCA IM : Fiat Chrysler to Report U.S. Monthly Sales W/Revised Methodology
- ING FP : Ingenico 1H Sales in Line, Ebitda Misses; Confirms 2016 Outlook
- IPS FP : Ipsos 1H Revenue Stable, FY Operating Margin Seen Unchanged
- KGX GY : Kion 2Q Net Rises to EUR63.2m, Confirms 2016 Outlook
- LI FP : Klepierre 1H Net Current Cash Flow Rises, Co. Raises FY Target
- KPN NA : KPN 2Q Adj. Ebitda Beats Ests.; Keeps Outlook Unchanged
- LAT FP : Latecoere Says 1H Rev. Rises, Sees More Restrained FY Growth
- MC FP : LVMH 1H Organic Sales, Profit Recurring Operations In Line
- MC FP : LVMH CFO Says Share Buyback to Be Reviewed in September
- LSE LN : Deutsche Boerse-LSE Merger Acceptance Threshold of 60% Exceeded
- MMT FP : M6-Metropole Television 1H Net Jumps; 2H Visibility Limited
- MELE BB : Melexis Raises 2016 Sales Forecast; Sees Gross Margin at ~45%
- OHL SM : OHL Says in Talks Over Possible Ohl Mexico Share Buy-Back
- ORA FP : France’s Arcep: Orange Must Guarantee Access to Infrastructure
- OSR GY : Osram 3Q Rev. In Line, Net Misses Estimates; Confirms Outlook
- PAL AV : Palfinger 1H Ebit Rises 21% to EU64.9m, Revenue Up 10%
- PQR SM : Parques Reunidos Signs Contract to Manage 2 Parks in Vietnam
- UG FP : PSA 1H Operating Profit EU1.83b; Financial Targets Repeated
- POM FP : Plastic Omnium 1H Net Rises; FY LFL Growth Seen Following Trend
- SGE LN : Sage 3Q Organic Sales Up 6%; Says Confident to Meet FY Guidance
- SAA1V FH : Sanoma 2Q Sales Beats Est.; Keeps Outlook After Raising July 14
- SAN SM : Santander 2Q Net Beats Estimate; CET1 Fully Loaded 10.36%
- SCO FP : Scor Says Continued to Deliver Strong Results in 1H
- STL NO : Statoil Posts Unexpected 2Q Adj. Net Loss; Dividend 22c/Share, Statoil CEO Says Very Important to Maintain Dividend Policy, Statoil Makes Gas/Condensate, Oil Discovery in North Sea
- SSTM FP : STMicro 2Q EPS Beats Ests.; Sees 3Q Rev., Gross Margin Improving
- O2D GY : Telefonica Deutschland Lowers Outlook on Mobile Service Revenue
- UPM1V FH : UPM can afford large acquisition but taking careful stance on M&A - Kauppalehti
- FR FP : Valeo 1H Operating Margin Beats Ests., Co. Confirms FY Targets, Sees ‘Great Growth’ in Europe in 2H Despite Brexit
- VOS GY : Vossloh Revenue Drops on U.S., Delays, Trims 2016 Forecast
- VOW3 GY : Volkswagen $14.7b Diesel-Cheating Settlement Gets Go-Ahead
- VOW3 GY : Volkswagen to Offer Proposal Next Month to Fix 85k Cars: Reuters