US Market closed lower, US Index were highly correlated with JPY during the all session...AAPL outperformed during the session before reporting numbers, stock was down 7,5% in after hours, volume were slightly abpve average @ 724mil shres...VIX @ 17,42 -3,97%...SKEW @ 131,61 -3,02%... Japan focus shifts on whether a corporate tax cut will be needed to mitigate the rising sales tax in April. Ruling LDP officials said to debate the merits of lower taxes, while the more conservative Fin Min Aso calls for lawmakers to keep Japan's fiscal state in mind...Nikkei -0.17%...- China shadow banking sector seems to have averted a high-profile default for ICBC's China Credit Trust product after "unnamed" investor stepped in with a deal to protect the principal of the product buyers, just as analysts warned
about the "moral hazard" created by perpetuating the selling of high-yield/"low- risk" products. Shanghai Composite initially strengthened before the late- morning selloff after a slowdown reported in China industrial profits growth.
PBoC was in the market for the 3rd straight session, with another outsized CNY150B OMO in 14-day reverse repos, but could not keep the overnight money market rates from rising for the 6th consecutive day....Shanghai +0.21%
Eur$1.3680 S&P Fut +0.27% European future-0.15%
Keep an eye on :
- ANA SM : Acciona Sets Convertible-Bond Issue Size at EU342m
- CAV1V FH : Caverion 4Q EPS Matches, Sales Miss Ests.; Proposes to Pay Div
- DEC FP : JCDecaux 2013 Rev. EU2.68b, Matching Est.
- EN FP : SFR, Bouygues to Share Mobile-Phone Networks, Le Figaro Says (Not New already reported in les Echos yest)
- IPN FP : Ipsen Fourth-Quarter Sales Rise 2% to EU293 Million
- ITP FP : Interparfums Says 2013 Operating Profit May Exceed EU50M
- LHA GY : Lufthansa Considers Rene Obermann for CEO Post, Rheinische Says
- PHIA NA : Philips 4Q Adj. Ebita Beats Estimates, 2014 to Be ‘Modest Step’
- 1913 HK : Prada Falls Most Since October 2011; PE Drops to 20-Month Low -10% at the open and only -1.2% now
- RDSA NA : Shell Said to Seek Buyers for $1b Stake in Ho-Ho Pipeline
- POP SM : Popular Won’t Meet Earnings Objective For 2013, Expansion Says
- RR/ LN : Awarded $182.7M USAF contract
- SIE GY : Siemens Profit Beats Estimates Helped by Infrastructure Demand, Sees Continuing Charges at Power Transmission Business
- SOW GY : Software AG 2013 Ebit Falls 10%; Misses Estimates
- SRT3 GY : Sartorius Says Reaches 2013 Target, Sees Significant 2014 Growth
- STAN LN : could be takeover target for ANZ, ICBC, CCB, MUFJ and SMFG
- STM FP : STMicroelectronics 4Q Rev. In Line; Adj. Loss/Shr Worse Than Est
- TKA GY : Cevian Lifts ThyssenKrupp Stake to Almost 15%, Handelsblatt Says
- VIV FP : SFR, Bouygues to Share Mobile-Phone Networks, Le Figaro Says (Not New already reported in les Echos yest)