Dow -0.16% S&P -0.30% Nasdaq -0.65% Russell -1.23%
US Market closed lower as rising long-term interest rates kept risk appetite in check ahead of quarterly reports from Alphabet and Amazon. The upbeat start proved to be short-lived, however, as a downturn in bond prices had investors on their heels. The S&P 500 erased its initial 0.4% gain within the opening hour as long-term yields continued to rise. The yield on the benchmark 10-yr note notched a five-month high at 1.87% before eventually settling at 1.84%. S&P 500 settled near its worst level of the day with eight sectors ending beneath their flat lines. Volume were above average with 930mil shares. US After Hours SMCI +11%, VCRA +11%, CRUS +7%, LOGM +7%, SYK +2.5%, GOOG +1.3% following earnings/guidance, BHI +7.2% on GE talks... MCK -12%, SYNA -11%, CENX -11%, AMZN -5.9%, BIDU -1.4%, AMGN -1.1% following earnings/guidance. China said to be planning to make a major push to increase private business. BOJ Gov Kuroda: BOJ is forbidden from buying debt directly from govt; QE is to achieve inflation target, not underwrite govt debt . Japan Fin Min Aso: No comment on currency levels; monetary policy is not to underwrite govt debt
Nikkei +0.65% Hang Seng -0.73% CSI +0.09% Shanghai -0.08%
Eur$ 1.0902 CNH 6.7898 CNY 6.7795 JPY 105.33 GBP 1.2161 CHF 0.9936 RUB$ 62.7352 WTI$ 49.72 Flat
S&P +0.09% EuroStoxx -0.20% FTSE -0.18% Dax -0.20% SMI -0.20%
Macro :
- Bonds Selloff Deepens as Stimulus Jitters Weigh on Asian Stocks
- Pound Spurred by Fear of the Future Shrugs Off Good News
- JAPAN REACT: Jobs, Tokyo CPI Flash Positive Signs on Inflation
Keep an eye on that :
- ABI BB : AB InBev 3Q Normalized Ebitda Misses Estimates, Says No Longer Expects to Hit 2016 Brazil Sales Goal
- AIR FP : Airbus Plans 2-Digit Growth in Defence, Space Unit: WiWo
- ATE FP : Alten 3Q Sales Rise, Sees FY Organic Growth of Over 5.5%
- ALIV SS : Autoliv Warns of Adverse Impact From EU Antitrust Investigation
- AMUN FP : Amundi 3Q Net Income EU137m; AUM EU1,054b at End of September
- BEFB BB : Befimmo Plans Optional Stock Interim Div.; 9-Mo. EPRA EPS EU2.87
- BME SM : BME 3Q Net EU35.1M, Beats EU33.9M Estimate
- BNP FP : BNP 3Q Net Beats Estimate, Fully Loaded CET1 Ratio 11.4%
- CABK SM : CaixaBank 3Q Net EU332M, Beats Estimates
- DL NA : Delta N.V. May Be Cut Further to Junk by S&P
- DL NA : NN, Delta Lloyd Talks Still Said to Be at Exploratory Stage: FD
- DB1 GY : Deutsche Boerse Posts EU558.5 Mln Net Revenue in Third Quarter
- EDPR PL : EDP Renovaveis Completes Sale of Stakes in Poland, Italy
- ENEL IM: Italy’s Bassanini Said to Be Picked as Chairman of Enel Fiber JV
- ENI IM : Eni 3Q Adj. Net Loss Deeper vs Ests.; Sees 2016 Output Flat Y/y
- ETL FP : Eutelsat 1Q Revenue Beats Estimate; Says On Track for FY Goals
- GALP PL : Galp 3Q Adj. Net EU 115m; Est. EU121.3m
- GRBN VX : Geberit 3Q Slightly Below Ests, Confirms Outlook
- GTO NA : Gemalto Sees 2017 Profit From Ops EU500m-EU520m
- HDD GY : Heidelberger Druck Names Rainer Hundsdoerfer CEO as of Nov 14b
- IAG LN : IAG 3Q Profit In Line With Est; Forecasts FY Earnings EU2.5b
- NK FP : Imerys 3Q Sales Little Changed, Confirms Outlook
- LIN GY : Linde Plans Additional Cost Savings of ~EU370m/Year From 2019
- LONN VX : Lonza 3Q Had ‘Strong Momentum,’ to Reach 2018 Targets in 2017
- MB IM : Mediobanca 1Q Net Rises on Atlantia Stake Cut, Higher Revenu
- NOVOB DC : Novo Cuts L/T Average Operating Profit Growth Target to 5%, Novo Sees 2017 Sales in Local Currencies Up Low Single Digit
- OSR GY : Osram Pressured by German M&A Protectionism, Barclays Says
- RBS LN : RBS 3Q Underlying Pretax Beats Estimates; CET1 Ratio Rises
- RXL FP : Rexel 3Q Sales, Adj. Ebita Decline; Confirms 2016 Targets
- SESG FP : SES 3Q Revenue Beats Estimate; FY Revenue Seen Lower
- SAN FP : Sanofi Lifts FY16 View, Launches Buyback as 3Q Beats Estimates, Would ‘Act Swiftly’ If Attractive M&A Targets Arise
- SGO FP : Saint-Gobain 3Q Sales Miss Ests., Confirms Profit Target
- SKAB SS : Skanska 3Q Operating Profit, Revenue Miss Estimates
- STCBV FH : Stockmann 3Q Revenue Drops, Operating Result Turns Positive
- TKA AV : Telekom Austria 3Q Profit Beats Ests.; Outlook Confirmed
- TFI FP : TF1 3Q Revenue Misses, Net Loss EU13.2m Vs Profit EU3.9m Y/y
- TGS NO : TGS 3Q Net, Ebit Miss Ests.; Lowers Multiclient Investment View
- FP FP : Total 3Q Adj. Net, Operating Income Beat; Div. EU0.61/Share
- UBSG VX : UBS 3Q Pretax Profit Beats Estimates; Legal Provisions CHF419m
- UNR1V FH : Uponor 3Q Operating Profit Beats Estimates; Sales Miss
- VOW3 GY : VW Agrees to Boost Dieselgate Plan After EU Voices Concerns