US Market closed lower on Friday..lot of news were expected this week end...ECB failed 25 out of 140 banks in published results of its stress tests, however 12 of those bank have already covered their shortfalls with a €15B recapitalization. Results of German banks were particularly impressive, as none needed to raise new capital. Italian banks were deemed as most vulnerable with 9 bank failures, while Greece and Cyprus had 3 each...Brazil Pres Rousseff emerged victorious in the 2nd round of elections, narrowly beating out the pro-business candidate Neves by a 3pct margin despite the left-wing Silva throwing her support behind the challenger. Brazil stocks and currency are anticipated to plummet given the thin margin of victory, even though Rousseff promised more political dialogue and greater focus on combating inflation during her 2nd term...in China, the largest property developer Vanke is down 3% after reporting underwhelming Q3 that saw a near 100bps margin contraction. Chinese press also cited State Information Center chief economist Fan Jianping forecasting 2015 GDP to be 7% without additional policy stimulus...A Nikkei report also speculated automakers could miss their domestic sales targets as a result of larger impact of consumption tax hike this year....Ukraine Parliamentary snap elections saw the pro-Europe parties of Pres Poroshenko and PM Yatsenyuk come out as the top two with 23% and 21%, and they are expected to form ruling govt coalition. More radical Self-Help Party, Radical Party, Freedom Party and Fatherland parties also entered parliament, as voters shunned the few candidates associated with former PM Yanukovych...Nikkei +0.63% Hang Seng -0.80% Shanghai -0.75%
Eur$ 1.2696 S&P +0.04% EuroStoxx +0.43% ftse +0.44% dAX +0.33% smi +0.46%
Macro
- EU’s Moscovici Favors Tax on Financial Transactions: LCI
- Merkel Annoyed by CEOs Wanting to Ease Russia Sanctions: Spiegel
Keep an eye on :
- AF FP : Air France-KLM Boards to Discuss `Drastic Measures': Telegraaf
- ALV GY : Allianz Says Economic Impact of ECB Stress Test Will Be Minor
- BMPS IM : Paschi CEO Viola Seeks ‘Solid, Sustainable’ Capital Plan: Ansa
- BUCN SW : Bucher 9m Order Intake CHF2b; Says FY Outlook Remains Unchanged
- CBK GY : Commerzbank Sub Debt May Rally as ECB Tests Bring Relief: Mizuho
- CRG IM : Carige Says Bank Plans Capital Increase of at Least EU500m
- DIA SM : Dia 3Q Net Sales In Line With Ests., Adj. Ebitda Beats
- FUM1V FH : Fortum prepares for M&A of the sector armed with a strong balance sheet,
- GLEN LN : Glencore Declines to Comment on Exploratory Drilling Timeframe
- IP IM : Interpump Is Weighing an Acquisition, CEO Tells Corriere
- JYSK DC : Jyske Bank 9M Pretax Pft DKK3.4B After AQR Impairments
- IAM FP : Maroc Telecom 9 Mos Ebitda MAD12b Vs 12.3b; Outlook Unchanged
- MRW LN : Morrison Breaks Pledge on Low Prices, Sunday Times Reports
- UG FP : Peugeot Citroen Seeks More Competitive French Factories: Echos
- SAABB SS : SAAB, Brazil Sign SEK39.3b Contract for 36 Gripen NG Fighters
- SAN FP : Sanofi Board May Discuss Replacing CEO Viehbacher: Les Echos
- SMDR LN : Ophir, Cepsa Preparing Bids for Salamander, Sunday Times Says {NSN NE1PM76S9728 <go>}
- GLE FP : SocGen Sees Less Than EU30 Mln Impact on Pretax Profit From AQR
- TNTE NA : TNT 3Q Adj. Oper Profit Rises 28% Y/y