Dow-0.24% S&P-0.25% Nasdaq-0.9% Russell-1.22% VIX 15.43 +0.92%
US Market closed lower for a second day this week. Mkt are waiting for the October FOMC policy directive tomorrow. Nine sectors ended the day in negative territory with cyclical groups showing relative weakness across the board. The energy sector (-1.2%) spent its second consecutive day behind the remaining nine groups as lower oil prices weighed. To that point, WTI crude fell 1.8% to $43.22/bbl. Transportation -2.6%, JBLU -3.2% even if co reported better ern. IBM-4% on news of SECinvestigation into the co revenue recognition. consumer staples sector (+0.1%) outperformed slightly, which was largely thanks to an intraday spike in Walgreens Boots Alliance (WBA 95.16, +5.68), brought on by a Wall Street Journal report indicating the company will acquire Rite Aid (RAD 8.67, +2.59) for roughly $10 billion. Healthcare +1.7%, MRK +1.1% & PFE+2.4%...IBB+3.2%. Volume were above average with more than 1bil shares. US After Hours : VCRA +25.3%, CLD +18.1%, PEGA +9.4%, AAPL +0.2%, AKAM -14%, TWTR -13.3%, KKR -6.3% following earnings/guidance...CBI +9.1% on sell of Equity interest in nuclear to Westinghouse, NOC+5.8% on Penatgon contract, MCUR -54% on -ve Phase 3, RAD -7.7% to be acquired by Walgreens Boots Alliance (WBA) for $9/share in cash, or ~$17.2 bln; shares were up 42% on the day in speculation of the deal)...Asian equity markets are down slightly, tracking a modestly cautious US session, as investors look ahead to any new hints of rate liftoff from the FOMC decision on Wednesday. Nikkei report speculated the BOJ will already have to increase its annual purchases of JGBs to ¥119T within the next year because JGB holdings expected to mature within a year were about ¥39T at the end of September. A separate Japanese press report forecasted the BOJ likely to push back the date of achieving its 2% CPI target beyond the H1 of 2016 currently expected. Over in China, a researcher with the State Council called on PBoC to continue cutting RRR until PPI measure turns positive. UBS also cut its 2016 GDP target for China to 6.2% from 6.5%, while banking regulator CBRC official said the financial industry is healthy despite the rising non-performing loans.
Nikkei+0.67% Hang Seng -0.55% Shanghai -1.3%
Eur$ 1.1038 CNY 6.3574 JPY 120.41 GBP 1.5310 EURCHF 1.0890 BRL 3.8886 RUB$ 64.96 WTI $43.23 (+0.07%)
S&P +0.12% EuroStoxx+0.06% Dax-0.05% SMI+0.09%
Macro :
- Coeure Says Downside CPI Risks May Warrant More Steps
- UBS Analyst Who Called Emerging-Market Rout Sees Rebound Fading
- China Stocks in Hong Kong Drop Most in a Month on Profit Concern
Keep an eye on :
- ABI BB : AB InBev Said to Hire Lazard, Barclays on Asset Sales: FT
- AC FP : Accor Gets Saudi Hotel Contract, Europe1 Radio Says
- ATC NA : Altice 3Q Ebitda Climbs; Says Portugal Savings Ahead of Plan
- AMUPATE FP : Amundi 3Q Profit, Revenue Declines Amid Weak Performance Fees
- AREVA FP : Areva’s India Nuclear Plans Await More Clarity on Liability Laws
- ATE FP : Alten 9M Rev. EU1.14B vs EU1.02B, See 2H Better Than 1H
- BARC LN : Barclays Said to Name Richard Evans Head of Equities in EMEA: DJ
- BAR BB : Barco Top Investor Van de Wiele Buys Additional EU4.38m of Stock
- CSGN VX : Credit Suisse’s Thiam Gets Higher Base Salary Than Dougan: FUW
- DEEZER IPO : Deezer Postpones IPO Project Due to Market Conditions
- EDP PL : EDP Renovaveis 9-Month Net Income Rises 88% Y/y to EU100m
- GAM SM : Gamesa Wins Contract to Supply 78 MW in New York
- GEA GY : GEA 3Q Sales, Op. Ebit Miss Ests.; Confirms 2015 Outlook
- HSBA LN : HSBC to Sell Trust and Investment Ops in Bermuda to Butterfield
- INW IM : Inwit Confirms Forecast for Year
- KPN NA : KPN CEO Blok Buys 4,630 Company Shares for EU3.45 Apiece: AFM
- LAT1V FH : Lassila & Tikanoja 3Q Sales, EPS Miss Ests.; Keeps FY Guidance
- LIN GY : Linde 3Q Revenue In Line With Estimates, Confirms 2015 Forecasts
- MC FP : LVMH to Hire 3,000 People a Year in France, Echos Says
- MHG NO : Marine Harvest 3Q Operational Ebit Misses Est.
- MB IM : Mediobanca 1Q Net Rises on Pirelli Stake Sale; Beats Estimate
- NXI FP : Nexity Confirms FY Outlook, French Housing Mkt Projections Valid
- NUM FP : Numericable-SFR 3Q Rev. Declines, Adj. Ebitda Climbs
- ORA FP : Publicis, Orange Intend to Create Venture Capital Fund
- PHIA NA : Philips Sale Draws U.S. Review as Chinese Expand Into Chips
- PUB FP : Publicis, Orange Intend to Create Venture Capital Fund
- REE SM : Red Electrica 3Q Ebitda, Net Beat Estimates
- RNO FP : Renault-Nissan Ghosn Says Alliance Needs to Be Strengthened, Ghosn Says Parties Will Come to Solution Acceptable to All
- SAB LN : SABMiller Said to Seek More Time for AB InBev to Finalize Offer
- SKAB SS : Skanska 3Q Pretax Profit Misses Estimates
- SRG IM : Snam 3Q Ebitda in Line With Ests., Total Revenue Beats
- SOW GY : Software AG Confirms 3Q Results, 2015 Outlook; 3Q FCF Up 16%
- SPM IM : Saipem Confirms 2015 Guidance, 3Q Net Slightly Below Estimate
- SPM IM : Italy’s FSI to Buy 12.5% of Saipem From Eni
- SPM IM : Saipem Gets Preliminary ‘BBB-’ Rating by S&P; Outlook Stable, Saipem Debt, Cap. Increase Plan Could Total EU8b: Ansa
- STL NO : Statoil 3Q Adj. Net Income Misses Est.; Cuts Capex Guiding
- STCBV FH : Stockmann 3Q Pretax Loss Wider Than Est.; Outlook Maintained
- STB NO : Storebrand 3Q Net Premium Income Rises, Net Income Falls
- TALK LN : TalkTalk Says Customers’ Money Safe in Bank Accounts After Hack
- TIT IM : TIM/Oi potential merger dependent on update in Brazil's fixed telephone regulatory framework, Telecom Italia says - Folha de Sao Paulo
- TEL NO : Telenor 3Q Adj. Ebitda Tops Ests., Resolves Div.; Lowers Outlook
- TLSN SS : TeliaSonera Sees Many Potential Bidders in Eurasia Sale: DI
- UCB BB : UCB 9M Rev. EU2.864b; Est. EU2.84b; Raises FY Profit Forecast
- UL FP : Unibail-Rodamco Maintains FY Net Forecast, Turnover Rises
- UNA NA : Unilever Indonesia Drops as Maybank Says Earnings Below Estimate
- UPM1V FH : UPM could see its EUR 1.3bn useful for potential target - Kauppalehti
- VOE AV : Voestalpine CEO Says CO2 Permits to Cost More Than EU200m: RP
- VONN SW : Vontobel 9-Month NNM CHF7.3b; Sees 2015 Result Exceeding 2014
- VOW3 GY : Volkswagen Diesel Sales Not Slowing So Far: Sueddeutsche Zeitung