Dow +0.03% S&P +0.06% Nasdaq +0.39% Russell -0.16%
US Market closed near the flat line ahead of reports of big tech names. Earnings helped the sentiment (BMY+3.5%, PYPL +6.2%) Oil was also in focus. Crude -1.2% following Wednesday's EIA inventory report, crude oil moved below its 200-day simple moving average ($49.00/bbl). As a result, the energy sector (1.1%) settled near the bottom of the sector standings. The telecom services (-1.3%) and financials (-0.5%) spaces also showed relative weakness. However, the financial sector's underperformance wasn't all that surprising in light of the sector's big week-to-date gain entering Thursday's session (+3.1%). The remaining groups--industrials (unch), materials (-0.2%), and consumer staples (-0.2%)--also finished in the red, but their losses were modest. US After Hours ALGN +13%, SYNA +8%, WDC +7%, GOOGL / CERN / AMZN +4% all higher following earnings/guidance, activist news lifting HON +5% ... ATHN -16%, GIMO -12%, SBUX / BIDU -5%, INTC / KLAC -4% following earnings/guidance. Asian indices are tracking lower despite the modest gains in US indices as traders express caution over geopolitical and policy risks stemming out of Washington and Beijing. In China, banking regulators have turned more of their focus on the property sector, tightening loans to developers and urging banks to monitor financing risks.- In FX, dollar majors traded little changed despite the cautious tone in stocks, with US GDP report coming into focus in early Friday session. Japan saw a wide range of mixed economic data - national CPI slowed to a 5-month lows and industrial output y/y decline was the biggest in 9 months, while unemployment was better than expected matching 1994 lows and annualized retail trade reaching near 2-year high.
Nikkei -0.34% Hang Seng -0.38% CSI -0.56% Shanghai -0.18%
Eur$ 1.0863 CNH 6.8947 CNY 6.8934 JPY 111.16 GBP 1.2906 CHF 0.9949 RUB 57.0135
S&P -0.06% EuroStoxx +0.03% Dax -0.03% SMI +0.02% FTSE +0.09%
Macro :
- Italy Banks to Suffer Again From Country Risk, Be Selective: KBW
- Dan Loeb’s Third Point Sees Trump’s Tax Plan Boosting Business
- EU Said to Prepare for Eventual United Ireland Post-Brexit: FT
-Swiss Energy Reform Seen Supported by 55% in Poll, Tamedia Says
Keep an eye on :
- ABE SM : Atlantia Says CEO to Explore Strategic Options for Abertis Deal
- APD US : Air Products Plans to Spend $8b on M&A, Growth Projects
- AMUN FP : Amundi 1Q Net Income Rises 10%; Quarterly Inflows Hit Record
- AMZN US : Amazon 1Q EPS Beats Est.; Shares Rise
- BKIA SM : Bankia 1Q Net EU304m Beating EU228.9m Estimate
- BEN FP : Beneteau 1H Loss Narrows; Target for FY Sales, Profit Raised
- BVI FP : Bureau Veritas 1Q Rev. Rises 7.4%; FY Margin Outlook Confirmed
- CA FP : *CARREFOUR BEST M&A PARTNER FOR DIA AMID CONSOLIDATION: NATIXIS
- CABK SM : CaixaBank 1Q Net Beats Estimates; Fee Revenue Rises 20%
- COFB BB : Cofinimmo FY Adj. EPS View Trails Est.
- DANSKE DC : Danske Bank 1Q Net Income Beats Highest Est.
- DBK GY : Deutsche Bank May Reconsider Selling Spanish Assets: Expansion
- FSKRS FH : Fiskars 1Q Rev. Beats Est.
- FPE3 GY : Fuchs Petrolub 1Q Sales Beat Highest Est.
- GTO NA : Gemalto 1Q Rev. EU651m
- ICAD FP : ICADE 1Q Revenue EU334M
- NK FP : Imerys 1Q Net EU78.8M, Up 8.8%
- ITP FP : Interparfums 1Q Sales EU112m, Up 34%
- LIN GY : Linde 1Q Adj. Operating Profit Beats Highest Est., Sees 2017 Sales Rising as Much as 3% if Market Favorable
- LHA GY : Lufthansa’s Spohr May Discuss UAE’ Stake in Air Berlin: Focus
- MAU FP : Maurel & Prom 1Q Sales EU90m, Down 1% Q/q, Up 57% Y/y
- TL5 SM : Mediaset Espana 1Q Net Income Beats Highest Est.
- NHY NO : Norsk Hydro 1Q Sales Miss Est.
- OMV AV : OMV 1Q Clean CCS Ebit EU800m
- PC IM : *PIRELLI RELISTING SEEN BY THE END OF 2017, CORRIERE SAYS
- RNO FP : Renault 1Q Sales Jump 25% to EU13.1b on Delivery Gain, AvtoVAZ, Renault CFO Delbos Sees Risk of Diesel Decline Going Forward, Renault 1Q Performance Strong Across the Board, Jefferies Says
- RXL FP : Rexel Confirms Targets; 1Q Net Rises 62% to EU62.8m
- SAN FP : Sanofi Says U.S. Diabetes Sales Drop May Accelerate
- TFI FP : TF1 Post Net Profit From Year-Earlier Loss; 1Q Rev. Rises 2.5%
- TOM NO : Tomra 1Q Gross Margin 40%
- HO FP : Thales Buys Guavus for $215M
- FP FP : Total Plans Drilling at Azeri Gas Field in Sept.: Caspian Energy
- UBSG VX : UBS 1Q Net Beats Ests; Clients Activity Still Uneven
- UNI IM : Unipol likely to increase BPER Banca stake to 10%
- DG FP : Vinci 1Q Revenue EU8.44b, Vinci 1Q Revenue Boosted by Airports; Contracting Growth Returns
- VOLVB SS : Volvo Cars 1Q Operating Profit Rises 11%
- WPP LN : WPP Said to Cut Sorrell’s Maximum Pay to Appease Investors: Sky
- ZC FP : Zodiac Aerospace: April 2017 H1 2016/2017 results
- ZC FP : Zodiac: Talks Continue With Safran With View to Completion, Zodiac to Say Talks Continuing With Safran: Les Echos, Zodiac to Hire Yann Delabriere to Work With Zarrouati: Figaro