Dow -0.46% S&P -0.81% Nasdaq -1.61% Russell -0.93-%
US Market closed lower pushed by heavy tech (-1.6%). notable jump in long-term rates on Tuesday as sovereign bond markets came under selling pressure in the wake of a morning remark from ECB President Mario Draghi that the threat of deflation is gone. The yield on the 10-yr Treasury note jumped six basis points to 2.20%, which contributed partly to the selling activity in richly-valued technology stocks and the underperformance of rate-sensitive areas like the S&P 500 utilities sector (-1.3%). Financials traded better than the mkt +0.5%. Energy outperformed (-0.2%) with WTI +2% @ $44.25. IBB -2.7% underperformed after last week strong performance. Outside of real estate (-0.4%), the remaining laggards--consumer discretionary (-0.7%), industrials (-0.8%), materials (-0.7%), and consumer staples (-0.9%)--finished roughly in line with the broader market. US After Hours KBH +1%, AVAV -6%, CAMP -3% following earnings/guidance... oil/gas names lower following API data. In Asia, sentiment has turned more cautious as investors sold both Equities and Treasuries in US session, while the Vix jumped above 11. Euro spiked up over 1 big figure overnight on much less dovish comments from ECB President Draghi. USD/JPY is pulling back to 112 handle after rising above 112.40, while Nikkei225 has reversed its opening gains. PBoC adviser: Anticipates no further tightening of monetary policy in H2. Japan top banks sold off their JGB holdings to lowest level on record.
Nikkei -0.40% Hang Seng -0.46% CSI -0.48% Shanghai -0.29%
Eur$ 1.1362 CNH 6.8014 CNY 6.80005 JPY 112.15 GBP 1.2809 CHF 0.9597 RUB 59.2325 WTI$ 44.03 -0.47%
S&P -0.09% EuroStoxx -0.65% Dax -0.70% FTSE -0.21% SMI 0.05%
Macro :
- Buffett Renews Attack on Health Bill as ‘Relief for Rich Act’
- API Said to Report U.S. Crude Stocks Rose 851K Bbl Last Week
- Apollo Said to Hit $23.5b Target for Largest Buyout Fund: WSJ
- Aramco Needs Better Transparency Ahead of Share Sale: Study
Keep an eye on :
- ABN NA : Dutch State Sells 65m ABN Amro Shares; Sees Proceeds of EU1.48b
- ACS SM : ACS Renews Financing Agreement With Banks for EU2.15b
- AIR FP : Airbus to Provide Value-Added Analyticals From Its Data Business
- ATC NA : Altice Said to Be Interested in Buying Lightower Fiber: CTFN
- BAS GY : BASF, Norilsk in Talks on Supplies for Electric Car Batteries
- BLSN SW : Baloise Buys Digital Home-Moving Services Platform Movu
- BRBY LN : ISS Said to Advise Voting Against Burberry’s Pay Report: FT
- BNP FP : BNP Paribas Wealth to Hire More in Asia; Focus on Organic Growth
- DBK GY : Deutsche Bank Said to Face Possible $60 Million Derivative Loss
- DBHN GY : Deutsche Bahn to Sell Electricity to Private Customers: Welt
- GAM SW : GAM Holding Shareholder Offers About 4.73m Shares in Placing, Offering Prices at CHF13.15: Terms
- GIS US : General Mills Options Imply a 3.3% Move Into 4Q Earnings
- LHA GY : Lufthansa CEO Says U.S. to Remain Backbone of International Ops
- NESN VX : Nestle Plans CHF20b Buyback After Being Targeted By Loeb
- NUVA GY : Noratis Sets Placement Price at EU18.75 Per Share
- PHIA NA : Philips to Buy Spectranetics for $38.50/Shr in Cash
- PHIA NA : Philips annonce €1.5bil share buy back (46.1mil shares), will start in Q3 2017, good progress in selling down Philips lighting stake.
- SCMN VX : Swisscom CEO Says 2Q Market Dynamic Similar to Prior Months: FuW
- SOI FP : Soitec Holders to Sell 2.27m Shares
- TIS IM : Tiscali Board Approves EU13m Reserved Capital Increase
- DG FP : Vinci to Buy Back Up to EU150m of Its Shares Through Sept. 27
- VOW3 GY : VW Reaches Settlement With Ex-Manager Amid Diesel Scandal: HB