Dow +0.07% S&P +0.03% Nasdaq -0.29% Russell +0.13%
US Market closed near the flat line on a very quiet day - Most MENA markets and slew of Asian markets closed due to end of Ramadan. Volumes thinner as we head to July 4th weekend. Focus this Thurs as NKE, WBA, STZ, MU all report, and also have China PMI that evening. Retail very strong on talks RAD/WBA deal may go through, and also Auto retailers on fire after APPLE deal with HERTZ (+13.5%) and GOOGLE deal with AVIS (+14.2%). Crude off lows after last week weakness. Banks also tad higher after underperformed last week. Techs weak on rotation trade to consumers. NSA +4% on S&P SmallCap 600 addition news, WDC -2% following guidance (STX also lower). Veryquiet session also in Asia, Commodities are steady otherwise with gold recouping overnight losses that were in part chalked up to fat finger incident. It has also been a quiet day in mainland press, where the broader focus remains on the regulatory crackdown on bank lending
Nikkei +0.38% Hang Seng -0.24% CSI -0.31% Shanghai -0.17%
Eur$ 1.1197 CNH 6.8468 CNY 6.8423 JPY 111.72 GBP 1.2735 CHF 0.9722 RUB 58.8172 WTI$ 43.42 +0.09%
S&P -0.05% EuroStoxx -0.20% FTSE -0.04% Dax -0.25% SMI +0.18%
Macro :
- Beware the Inflated Share-Price Target in Europe’s Oil Industry
- Draghi Rings a Dovish Bell on Interest Rates: Macro Squawk Wrap
- China Encourages Foreign Companies to Keep Profits in China: Li
- Japan’s Public Pensions Foreign Securities Holdings Fall in 1Q
- Three GOP Senators Oppose Health Bill, Enough to Block Advance
- Germany Said Pressing for Recall of 12m Diesel Cars: Reuters
Keep an eye on :
- ABI BB : AB Inbev to Focus on Profit, Not Market Share in Germany: SZ
- AAPL US : Apple Acquires Eye-Tracking Company SensoMotoric For AR Tech
- SPR GY : Axel Springer Holder General Atlantic to Sell 2.25m Shares
- SPR GY : Axel Springer Offering Prices at EU54.90/Share: Terms
- BMW GY : BMW’s Dingolfing Plant to Produce BMW 8-Series Sports Car: PNP
- DBK GY : Deutsche Bank Wasn’t Only ‘Mirror’ Trader: Russian Central Bank
- DTE GY : Sprint Enters Talks With Charter, Comcast on Wireless Deal: WSJ
- DSM NA : DSM CEO Says Growing by More Than 10% in China in Second Quarter
- DYS LN : Dyson to Open Flagship Stores in Germany in 2018: CEO to Welt
- GN DC : GN Store Nord Chairman Eyes Takeovers to Speed Up Growth: Borsen
- GS US : Citi’s Horowitz Lowers Goldman 2Q Estimates on Trading Outlook
- HTZ US : Apple Working With Hertz Unit to Manage Small Autonomous Fleet
- ROG VX : Roche’s New Esbriet Tablet Formulation Approved in Europe
- SAN SM : Santander to Integrate Fully-Owned Securities Issuing Companies
- SAN SM : Santander Said to Launch Share Sale July 7 Or 10: Confidencial
- SAN FP : Sanofi, Regeneron Drug for Rheumatoid Arthritis Wins EU Approval
- SAN FP : Sanofi Faces Pressure From U.S. Senators on Zika Vaccine Cost
- SHA GY : Schaeffler Reduces Earnings Guidance for 2017
- SHA GY : Schaeffler Warning May See Tough Week for Suppliers: Jefferies
- SNAP US : Hedge Snap Shares Before Lock-up Expiration, MKM Recommends
- SAZ GY : Stada Confirms Targets As Offer By Bain, Cinven Fails
- SAZ GY : Stada CEO Says Respects Vote of Shareholders: Statement
- VAO GY : Vapiano Says 7.99m Shares to Be Placed at EU23 Each in IPO
- VOLVB SS : Volvo Cars, Autoliv Add Nvidia as Partner on Self-Driving Autos
- WFM US : Whole Foods Cut at Gordon Haskett; Rival Bidder Unlikely