Dow-0,23% S&P-0,45% Nasdaq-0,63% Russell-1,23% VIX @ 13.12 (+6.75%)
US Market Closed lower, even with China moving higher and European more optimitic on greece issue. Biotech (IBB) lost 4.2% and contributed to teh under-performance of the Nasdaq. AAPL +1.8% ahead of numbers, AMAT -8.4% on termination of Tokyo Electon merger due to regulatory concerns (TOELY -18.5%)...Volume were ahead of average @ 780mil shares...US After Hours RTEC +12.5%, RCII +8.2%, AAPL +1.4%, TCS -24.9%, IPHS -9.9%, CUDA -4.4% following earnings/guidance...UNXL -38.3% o n termaination of contradct with Eastman Kodak...China markets are notably more subdued after yesterday's oversized rally driven by speculation of more aggresssive easing by the PBoC along with reports the govt will look to reduce the number of SOEs from 112 to as low as 40 through large scale mergers. Today's report from State-owned Assets Supervision and Administration Commission (SASAC) would not confirm those rumors. Also of note in China, the Mof reportedly urged regulators to speed up local govt bond sales, and PBoC Gov Zhou noted deposit insurance premium would be 0.01-0.02%. Separately, PBoC Dep Gov Yi Gang added PBoC operations can provide ample liquidity, and there is still large room to cut the relatively high RRR rate.In Japan, Econ Min Amari said the govt will announce a fiscal discipline plan that will renew public trust in Japan's finances. Remarks follow yesterday's cut of Japan's sovereign rating at Fitch to A from A+. In corporates, Canon traded lower after disappointing earnings and lower camera sales guidance. Honda and Panasonic are on tap for release after market close today.
Nikkei +0.36% Hang Seng -0.18% Shanghai -0.59%
Eur$ 1.0885 RUB $51.7442 EURCHF 1.0385 CHF0.9541 GBP 1.5241 WTI 56.23 (-1.23%)
S&P -0.08% EuroStoxx -0.41% Dax -0.33% SMI -0.39%
Macro :
- Greece Needs Additional EU400m to Pay Pensions: Kathimerini
Keep an eye on :
- AKA NO : Akastor 1Q Ebitda Falls to NOK177m as Opg Revenues Decline
- AIXA GY : Aixtron 1Q Sales Miss Ests., Net Loss Narrower Than Expected
- SAN SM : Banco Santander 1Q Net EU1.72B Compares With EU1.69B Estimate
- BNR GY : Brenntag Has Financial Leeway for Acquisitions: Boersen Zeitung
- CRG IM : Carige Receives Two Binding Offers for Cesare Ponti, MF Reports
- CBK GY : Commerzbank to Raise as Much as EU1.4b in Share Sale, Commerzbank Capital Increase Unrelated to Postbank Sale: Reuters
- DAI GY : Daimler 1Q Profit Beats Est; FY Forecast Confirmed
- DBK GY : Deutsche Bank Requests From Postbank Squeeze Out Shareholders
- DBK GY : Deutsche Bank Said to Have Planned to Shed Retail Unit: Reuters http://reut.rs/1JwTWaq
- GIL GY : DMG Mori Seiki 1Q Sales Rise 6.6%; Confirms 2015 Outlook
- DRI GY : United Internet Says Acquires 9.1% Stake in Drillisch, increased stake to 20.7% not planning increase to 30% or mandatory offer.
- FIE GY : Fielmann 1Q Sales, Pretax In Line With Ests.
- GSZ FP : Engie CEO Sees 2015 Dividend at Miniumin EU1 in All Scenarios
- GEBN VX : Geberit Says 1Q LFL Sales +2%, 2015 Forecasts Largely Unchanged
- KER FP : Kering Says Boucheron CEO Pierre Bouissou to Leave Jeweler
- LONN VX : Lonza Says Yr Started With Good Momentum; Gives 2018 Targets
- NEX FP : Nexans 1Q Organic Growth Up 1.8%; Sales Hurt by Brazil
- ORA FP : Orange 1Q Sales, Ebitda Match Ests.; Keeps Outlook Unchanged
- UG FP : Peugeot to Extend Diesel Partnership With Ford: Les Echos
- PHIA NA : Philips 1Q Adj. Ebita EU327m vs EU304m, 1Q Healthcare Ebita Drops on Expenses, Charges, FX
- SCHP VX : Schindler 1Q Net CHF168m vs CHF160m; Predicts Lower FX Impact
- SCYR SM : Sacyr Close to Concluding Repsol Debt Refinancing: Expansion
- SFL IM : Safilo 1Q Rev., Ebitda In Line With Ests.
- SIK GY : Sika Sees Disclosure Duty Breach by Burkard Heirs, Saint-Gobain
- LOCAL FP : Solocal 1Q Rev. Falls 3% to EU209m; Ebitda Declines 26%
- SWEDA SS : Swedbank 1Q Net Beats; Credit Losses Lower Than Est.
- SYNN VX : Syngenta Wins U.S. EPA Approval for Acuron Herbicide for Corn
- TIT IM : Telecom Italia Media Savings Shareholders Oppose Merger
- TIE1V FH : Tieto 1Q Sales, Pretax Miss Ests.; Keeps Outlook Unchanged
- TNET BB : Telenet 1Q Adj. Ebitda Meets Est.; Churn Rises on Price Increase
- TNT NA : TNT 1Q Oper Loss EU11m vs Profit EU15m; Sees EU25m-EU30m Charge
- FP FP : Total 1Q Adj. Net Beats Est.; Div. Matches Forecast
- UMI BB : Umicore Sees 2015 Adj. Ebit Including Associates of EU310m-340m
- UNR1V FH : Uponor 1Q EPS, Net Income Miss Ests.; Reiterates 2015 Forecast
- WDI GY : Wirecard 1Q Ebitda Jumps 31% as Co. Confirms FY Forecast