Dow -0.23% S&P -0.24% Nasdaq -0.27% Russell -0.15% VIX @ 15.80
US Market close lower, with S&P Settling below its 100d MA but not on the low of the day, Yemen strike was one of the catalyst putting pressure on the mkt...USD & Oil were stronger...Energy sector didn't follow the Crude...technology sector, large cap names like Apple (AAPL 124.24, +0.86), IBM (IBM 160.59, +1.39), and Oracle (ORCL 42.99, +0.06) gained between 0.1% and 0.9% while Accenture (ACN 94.17, +5.69) and Red Hat (RHT 75.36, +6.91) posted respective gains of 6.8% and 10.1% after beating estimates...Semi were still weak for the second day in a row...volume were above average with 808mil shares...US After Hours VJET +12.9%, STRI +12%, OXM +10.1%, OGXI +5%, DGSE +4.3%, MARA +3.2%, NVEE +3.1%, NERV +3%, GEVO +0.4%...Despite the rumored differences between Japan PM Abe and BOJ Gov Kuroda on the fiscal side, both have taken every opportunity to cheerlead progress made on tackling deflation. The latest CPI data could make that more challenging going forward. Nationwide CPI slowed to an 11-month low of 2.0% y/y, but when adjusted for April's consumption tax, that rate of CPI screeched to a halt of zero - the first time that prices failed to show y/y growth in nearly two years. Undeterred, PM Abe reiterated there was progress being made on exiting deflation while also promising to reach the goal of primary balance surplus by FY2020. Leading inflation figures in the Tokyo area were in line with consensus, but retail sales disappointed and household spending also continued to fall...After a Yemen-conflict driven steep rally in oil markets yesterday, the retreat evident in US session continued during the Asian hours. May crude was down about a $1, as Goldman Sachs remarked that Saudi strikes on Yemen or any nuclear deal with Iran would only have negligible near-term impacts on oil (over)supply.
Nikkei -0.95% Hang Seng -0.14% Shanghai +0.25%
RUB $57.64 WTI $50.44 (-1.92%) EURCHF 1.05 CHF 0.9656
Eur$ 1.0873 S&P +0.15% EuroStoxx +0.08% Dax +0.24% SMI +0.17%
Macro :
- Weidmann ‘Doesn’t Buy’ Argument Greek Debt Insurmountable: Focus, against expanding emergency liquidity for Greece
Keep an eye on :
- AREVA FP : EDF Ready to Acquire Stake in Areva NP, Les Echos Reports
- BKIA SM : Bankia Offers EU900M of Past-Due Mortgages to Funds: Expansion
- IMA IM : IMA Says Sofima Selling Max 1.88m Shrs in Accelerated Offering
- KER FP : Gucci Said to Appoint Consumer Officer Amid Management Shakeup
- KGX GY : Superlift to Sell About 13.8m Kion Shrs, or 13.9% Stake
- MOR GY : Morphosys to Host Public Call on MOR202 Today at 1pm CET
- PMI IM : Popolare Milano Working With JPM on Merger Options: Reuters
- PTC PL : Oi Shareholders Said to Pass New Portugal Telecom Merger Terms
- RIO LN : Rio Tinto CEO Says Job Cuts Expected in Iron Ore and Alcan Units
- SHP LN : Shire said to be weighing "transformational" acquisition of BioMarin - Betaville
- TEF SM : Telefonica to Cut Jobs in Germany Quicker Than Planned: Focus
- TEF SM : Telefonica Hit by EU437 Million Fine in Peru: El Confidencial
- VOD LN : Vodafone Plans to Bundle Services in Spain, Economista Reports