Dow +0.25% S&P +0.41% Nasdaq +1.15% Russell +1.92%
US Market Closed higher, settling new records. Tax reformed news helped the sentiment, Some of the most notable highlights of the plan include cutting the corporate tax rate to 20% from 35%, doubling the standard deduction, and reducing the number of tax brackets to three (or possibly four) from seven. The individual tax rates would be set at 12%, 25%, and 35%, with a fourth option for the highest earners, financing details of this measure were limited. Three of the eleven sectors finished with notable losses on Wednesday--utilities (-1.4%), real estate (-0.8%), and consumer staples (-0.7%)--while only one, in addition to technology and financials, settled with a notable gain--consumer discretionary (+0.5%). MU +8,5% on numbers pushed PHLX up +2.4%, NKE -1.9% on numbers. US After Hours, THO / SINO +4%, PIR -7%, JBL -1% following earnings/guidance, AAAP +11% on potential NVS deal. Asian equity markets opened mixed, generally following the lead of US markets. Hong Kong property names were weaker on another Chinese city adding property curves. Financial names gained on US yields rose overnight. Analysts note that Q4 volatility in China is likely to be subdued with efforts to keep markets stable ahead of Communist Party gathering on Oct 8th. USD strength in the session attributed to Trump’s confirmation of proposed tax plan. USD/JPY rose giving some support to the Nikkei.
Nikkei +0.47% HAng Seng -0.34% CSI +0.03% Shanghai -0.15% Shenzen +0.15%
Eur$ 1.1730 CNH 6.6618 CNY 6.6590 JPY 113.02 GBP 1.3368 CHF 0.9744 RUB 58.2177 WTI$ 52.05 -0.17%
S&P +0.02% EuroStoxx +0.17% Dax +0.23% FTSE +0.14% SMI +0.05%
Macro :
- Fed’s Bullard Says Equity Valuations ‘May Be Stretched’
- EU is Said to Consider Brexit Concession on Transition Talks
Keep an eye on :
- AF FP : AF-KLM Says Regulators Approve Shr Sales to China Eastern, Delta
- AMAT US : Applied Materials Target FY20 Adj.EPS $5.08;Buy Back $3B in Shrs
- AAPL US : Apple Interested in JDI’s LCDs for Some iPhones Next Year: WSJ
- AAPL US : Apple Is Said to Reach Final Terms for Bain’s Toshiba Chip Bid
- ARYN VX : Aryzta lining up KPMG to advise on sale of Irish fine foods business La Rousse
- BNP FP : BNP L-T Deposit, Sr Unsecured Rtg Raised to Aa3 vs A1 by Moody’s
- BWO AV : Buwog First Quarter Recurring FFO EU44.2 Mln
- CRG IM : Banca Carige Gets ECB Approval for Capital Strengthening Plan
- COFA FP : Coface Lifts 2017 Guidance, Now Sees Net Loss Ratio Below 54%
- COLR BB : Colruyt Aims for FY2017-18 Net to Match Last Year’s Results, Colruyt Approves Buyback Program of Up to EU350m, Starts Oct. 2
- DSY FP : Dassault Systemes to Buy Exa for $24.25/Shr in Cash --> 44.45% Premium (yest Close 16.96)
- DEZ GY : Deutz Buys Torqeedo in Push to Ramp Up Electric Division
- DIREN FP : Direct Energie Sees Full Year Revenue EU2 Bln
- EI FP : Essilor/Luxottica Unlikely to Close Deal at Year-End: UFP
- FIA1S FH : Finnair Rises to Highest Level in 10 Years on Heavy Volume
- GAS SM : Gas Natural Has 3 Binding Offers for Italian Assets: Europa
- G IM : Generali to Simplify Products, Focus on One Brand in Germany
- HSBA LN : HSBC Holdings Sr Debt Cut to A2 From A1 by Moody’s
- DEC FP : JCDecaux Wins 10-Year Ad Contract for Bahrain Intl. Airport
- JMT PL : J. Martins Sees 2017 Double-Digit Revenue Growth in Poland: CEO
- NETS DC : Nets’ Ratings Placed Under Review for Downgrade by Moody’s
- NOVN VX : Novartis Is Said to Consider Deal for Advanced Accelerator --> traded up to $70
- ROG VX : Roche Ocrevus Approved in Switzerland for Multiple Sclerosis
- RKET GY : Rocket Internet Sells 13% Delivery Hero Stake for EU660m
- SAN FP : Sanofi, Regeneron Announce Marketing Approval of Dupixent in EU
- SAN SM : Santander Resumes Talks on TotalBank Sale to BCI: Confidencial
- SGL GY : SGL Wins U.S. Antitrust Nod for Sale of Unit to Showa Denko
- VIV FP : Macron Says Telecom Italia, Vivendi Are Private Actors