US Market Closed higher ,S&P closed near record high...market show some signs of defensive posturing as all four countercyclical sectors ended ahead of the market while cyclical sectors traded in mixed fashion...energy sector widened its November loss to 2.8% as crude oil took another leg down, falling -1.3% to $72.75/bbl this morning...Volume below the average @ 635mil shares ahead of US Holidays...VIX @ 12.07 -1.39%...US After Hours LEDS -15.5% After Disap. Earnings...Asian equity markets are mixed and volatility subdued going into the US
Thanksgiving holiday on Thursday. The most active trade remains in the energy space, as Jan WTI crude oil contract hit fresh 4-year lows below $73/brl ahead of the upcoming OPEC meeting....Shanghai leading the move supported by strenght in financials...services. PBoC also continued to supply cosmetic doses of liquidity following
Friday's rate cut, with this week's net injection as the biggest in 3 months....Samsung Elec. +5.25% on First Buy Back announcement in 7y... Nikkei -0.78% Hang Seng -0.50% Shanghai +0.47%
Eur$1.2508 S&P -0.01% EuroStoxx +0.31% DAX +0.33% SMI +0.23%
Macro
- EU Overhaul May Hit as Many as Half of Europe’s Biggest Banks
- China Draft Law Allows Pension Investment in Private Equity
Keep an eye on :
- ALV GY : Allianz’s Utermann Sees $50 Oil Real Possibility: Handelsblatt
- BP/ LN : BP Can Exclude Most Cleanup Workers From Pact, May Save $1.2b, Judge Says
- BPTY LN : Bwin.party said to have agreed 150p per share cash offer from Amaya (AYA CN)
- O2C GY : CAT Oil 3Q Rev. Rises 7%, Profit Up 41%; Confirms 2014 Outlook
- CPR PL : Cimpor 3Q EPS Loss EU0.03 Vs EU0.10 Y/Y
- BN FP : Yakult (2267 JP) -6.12% on Yakult Falls After Danone Said to Consider Selling 20% Stake
- EDF FP : French Energy Minister Says EDF Must Curb Costs to Limit Prices
- EKTAB SS : Elekta Cuts FY Forecasts; 2Q Ebita Misses Est.
- GSK LN : GlaxoSmithKline Ebola Vaccine Found Safe, Gets Immune Response
- GXI GY : Gerresheimer could make an acquisition for EUR 200m-EUR 300m (Medical devices in North America), confirm sale of 51% stake in JV in life science with Thermo Fisher - Hard to find targets - Boersen-Zeitung
- IFX GY : Infineon Sees FY15 Sales Rising 6% - 10%; 4Q Sales in Line
- NXI FP : Nexity to Consider Paying Dividend of 2 Euros a Share in 2015
- NOK1V FH : Nokia's Chennai plant being eyed for acquisition by Micromax, Xiaomi, HTC and Lava, but tax dispute with Indian authorities leaves sale in limbo
- NHY NO : Norsk Hydro Sees 2015 Total Capex at NK6.5b vs NK3.5b in 2014
- PTC PL : Semapa in MOU W/ Apax, Bain to Bid for PT Portugal
- PTC PL : Oi receives no proposal for PT Portugal aside from Altice, Apax-Bain
- 1913 HK : Prada’s Earnings Will Worsen Further in 3Q, Barclays Says --> limited impact -0.13% in HK
- RCO FP : Remy 1H Current Operating Profit Beats Ests; Confirms Outlook
- SAB LN : From venture with Coca Cola in Africa - BBG
- SN/ LN : Smith & Nephew’s Bohuon Said to Tell Staff He Will Stay as CEO
- FP FP : France’s Total CEO to Visit Moscow Tomorrow, Tass Reports
- WDI GY : Wirecard does not rule out Turkish buys in medium term - Webrazzi