Dow -0.05% S&P +0.01% Nasdaq +0.15% Russell +0.34%
US Market Closed mixed again on tue. Tech Rebound with AAPL +1.7%. NVIDIA was strong early following news that it will provide GPU hardware to several Chinese tech giants, but weakened throughout the day & hit a new session low in the late afternoon following a report that Tesla will use Intel technology for infotainment instead of NVIDIA. Fed Chair Janet Yellen spoke at a NABE meeting in Cleveland on Tuesday, defending a gradual path of rate hikes despite continued uncertainty in the area of inflation. Her comments did not move either the stock market or the Treasury market, which declined modestly, sending yields slightly higher. Senator Bill Cassidy (R-LA) confirmed that the Senate will not vote on the Cassidy-Graham health care bill as the piece of legislation failed to gain enough support within the GOP. Lawmakers will table the health care reform effort for now and return their attention to tax reform. US After Hours, MU +4%, KRNT -21%, NKE -3% following earnings/guidance, KEM +4.4% to join S&P SmallCap 600. Asian Market opened mixed, China electric vehicle names were higher on expected policy guidelines in October. Japan markets were notably weaker with more than 120 stocks on Nikkei225 and 1,100 on the Topix trading ex-dividend. USD Weakened after Yellen, Us tax framework of reform was leaked in the press.
Nikkei -0.34% Hang Seng +0.40% CSI +0.23% Shanghai +0.12% Shenzen +0.76%
Eur$ 1.1773 CNH 6.6312 CNY 6.6397 JPY 112.46 GBP 1.3413 CHF 0.9717 RUB 57.8725 WTI$ 52.23 +0.66%
S&P +0.08% EuroStoxx +0.28% FTSE +0.15% DAX +0.30% SMI +0.21%
Macro :
- Louis Dreyfus’s $1.4 Billion Commodity Hedge Fund to Shut
- Reaction to Macron’s Europe Speech Says Much About EU Divisions
- Whatever Happened to ’Don’t Fight the Fed?’: Macro View
Keep an eye on :
- ABE SM : Atlantia mulling short offer period for Abertis - sources
- AC FP ; Paris Wants ’Significant’ Cut in AirBnB Renting: Europe1
- ADS GY : Nike Sinks as 1Q Revenue Hurt by Declines in N. America, Margin
- AF FP : Air France’s Transavia France to Be Profitable 2017: Tribune
- AF FP : Air France to Stick With A380s, Will Install New Cabins: Echos
- ARYN VX : Aryzta confirms looking to sell 49% Picard Surgeles stake but needs approval from Lion Capital
- EN FP : France Won’t Exercise Option to Buy Alstom Stake From Bouygues
- CPR PL : Cimpor Says Regulator Approves Plan to Take Company Private
- CDI FP : Dior Buyers Responding to Chiuri Twist on Brand Spirit, CEO Says
- EIT IM : EI Towers Signs Loan Agreement With Banks for Up to EU270m
- ERICB SS : Ericsson May Scrap System of Having Two Deputy Chairmen, DI Says
- EI FP : Essilor, Luxottica Confident of ‘Timely’ Completion of Review
- FORTUM FH : Fortum CEO Lundmark Rules Out Offering More for Uniper Shares
- DYS LN : Dyson to Invest GBP1b Building ‘Radical’ Electric Car
- MS IM : Berlusconi’s Mediaset 2Q Revenue EU956.4M vs Est EU950.3M
- MU US : Micron 1Q Adjusted EPS View Beats Est.; Shares Rise 3.8%
- EGP PL : Mota-Engil Says It Won Contracts in Africa Worth $520m
- MUV2 GY : Munich Re Is Said to Sell Ergo Leben, Victoria Leben: SZ
- NVDA US : Tesla Is Said to Shift to Intel From Nvidia for Infotainment
- ORP FP : Orpea 1H Ebitda Climbs 17%; Co. Repeats Outlook for FY Revenue
- PRS SM : Prisa Creditors Hire KPMG to Review Accounts: Confidencial
- SIE GY : Siemens Sees Alstom Deal EPS Accretive After Two Years
- SNG GY : Singulus Cuts Sales, Profit Forecast for 2017 --> -6%
- SYNN VX : Syngenta Said to Pay More Than $1.4b in Corn Settlement
- UN01 GY : Fortum Agrees to Buy Eon Uniper Stake, Offer EU22/Shr for Rest
- WIX US : Wix.com confirms it integrated with photos app in macOS High Sierra