Dow +0.07% S&P+0.13% Nasdaq +0.28% Russell +0.65%
US MArket closed slightly higher on a slow day. The bulk of today's action took place during the opening minutes as the key indices charged to session highs. The opening rally was followed by a slow intraday drip from those highs. Nine of eleven sectors finished the day in positive territory with technology (+0.5%) underpinning things from the start. The top-weighted group rallied behind Apple (AAPL 117.25, +0.73) and high-beta chipmakers. NVIDIA (NVDA 117.32, +7.54) soared 6.9%, extending its 2016 gain to 256.0%. energy (+0.2%) failing to keep pace with crude oil, which jumped 1.7% to $53.89/bbl. Deutsche Bank (DB 18.37, -0.26) was notified by the European Central Bank that it will have to maintain a phase-in Common Equity Tier 1 ratio of at least 9.51% starting in January. This will be down from this year's requirement of 10.76%. US After Hours NVDA +0.8% extending gains further in after hours trade, MDXG +2% on Aetna EpiFix coverage news... ANTH -67% as Phase 3 study narrow miss causes big drop. Trade remains mixed and light even with all markets open following a very quiet US session, which again saw higher crude prices. CBRC Official: Proposes RRR cut at an "appropriate time". China Q4 Beige Book: Saw improvement q/q in Rev, profits, CAPEX and jobs; New orders stable q/q.
Nikkei -0.01% Hang Seng +0.52% CSI -0.52% Shanghai -0.52%
Eur$ 1.0468 CNH 6.9557 CNY 6.9544 JPY 117.56 GBP 1.2288 CHF 1.0272 RUB 60.6481 WTI $ 53.78 -0.24%
S&P +0.17% EuroStoxx +0.03% Dax +0.01% FTSE +0.09% SMI -0.02%
Macro :
- Italy Bank Fund Sufficient for Lenders if Needed: Official
Keep an eye on :
- AIR FP : Airbus Postpones 6 A380 Emirates Deliveries to 2018 From 2017
- ARAMCO IPO : Saudi Aramco Assessing 5% Stake Sale, Falih Tells Eqtisadiah
- AZN LN : AstraZeneca Plans R&D Projects in Russia: Kommersant
- BMPS IM : Moody’s Reviews Monte Dei Paschi’s Standalone BCA for Upgrade
- BP/ LN : BP to Buy Woolworths’ Australian Gas Stations for A$1.785b
- DIS US : Hulu and Disney in Licensing Pact for Feature Films
- ENGI FP : Engie not to exit Poland after sale of main business, open to acquisitions
- FCT IM : Fincantieri Makes Only Offer to Acquire STX France: Les Echos
- GALP PL : Galp Comments on Changes to Banco Santander, Amorim Contract
- GAS SM : Gas Natural Sells Four Buildings in Madrid for EU206M
- ISP LN : *CERBERUS, APOLLO FRONTRUNNERS IN INTESA NPLS SALE: SOLE
- LHA GY : Lufthansa Seeks Closer Link to Etihad Airways: Die Welt
- LLOY LN : Lloyds Said to Set Up Europe Unit If U.K. Loses Mkt Access: FT
- LSE LN : LSE Said to Plan EU510m French Unit Sale to Euronext: FT
- NOVOB DC : Sanofi Sues Novo Nordisk Over Diabetes Drugs in U.S.: Reuters - http://reut.rs/2iCVZiS
- SAN FP : Sanofi Sues Novo Nordisk Over Diabetes Drugs in U.S.: Reuters - http://reut.rs/2iCVZiS
- 6502 JP : Toshiba Drops 20% to Limit After Weighing Nuclear Writedown