Dow+0.74% S&P+0.64% Nasdaq+0.92% Russell+0.44%
US MArket closed higher after a slow start. Deutsche Bank & Oil were the 2 main catalysts. The CBOE Volatility Index (VIX 13.11, -1.39, -1.23%) declined more than one point after carving out a session high of 14.63% on Monday. Oil prices remained a weak spot for the second day in a row as the energy component was pressured by developments from Algiers, Algeria. Reports from the International Energy Forum indicated that OPEC and non-OPEC producers were unable to reach a supply control agreement. Furthermore, Saudi Energy Minister Khalid al-Falih stated that he does not expect to reach an agreement during tomorrow's meeting. The energy minister did indicate that the topic could be revived in time for the oil cartel's November 30 meeting. WTI crude finished the day lower by 2.6% ($44.67/bbl). eight sectors finished in the green with consumer discretionary (+1.0%) and technology (+1.2%) leading the pack. Conversely, defensively-oriented utilities (-1.3%) and real estate (-0.8%) trailed energy (-0.5%) on the bottom of the leaderboard. Volume were below average with 827mil shares. US After hours CTAS +5% following earnings/guidance, SEED +37% on business units sale news, COTY +3% on S&P 500 addition news... TPX -24%, SONC -7%, NKE -2% following earnings/guidance, GALT -52% after trial failed to meet endpoints. China Q3 Beige Book: Q3 growth seen exclusively from old engine; Retail, services and transportation sectors all weakened; Corporate finances strained by weaker profits and cash flow.Japan PM Abe: Japan has not escaped from deflation yet; Govt and BOJ to continue to work together to boost growth via all policy measures, JPY strength is damaging confidence in economy and may hurt BOJ.
Nikkei -1.42% Hang Seng -0.60% CSI -0.14% Shanghai -0.21%
Eur$ 1.1212 CNH 6.6830 CNY 6.6703 JPY 100.61 GBP 1.3012 CHF 0.9715 RUB 63.8069 WTI$ 44.79 +0.27%
S&P -0.09% EuroStoxx +0.30% Dax +0.35% FTSE +0.20% SMI +0.36%
Macro :
- Fed’s Fischer Says Wages Beginning to Respond to Labor Market
Keep an eye on :
- ABBN VX : Cevian Has Met Potential Buyers for ABB Power Grids Assets: DI
- ADS GY : Nike Says Margins Hurt by Selling More Discounted Items
- AZI IM : Azimut Holding Board Names Sergio Albarelli CEO
- BCP PL : Banco Comercial Says Fosun Would Be Welcome as an Investor
- CDI FP : Dior show will mark seismic shift for women designers in luxury - FT - http://on.ft.com/2czzJ5K
- DBK GY : Deutsche Bank’s Cryan Rules Out Capital Increase: Bild
- DBK GY : Deutsche Bank Is Still Processing Legacy Problems: Dijsselbloem
- EDF FP : EDF Board Said to Confirm Hinkley Point Plan: Reuters, Confirmed Conditions Set Out Are Met Order for Contract
- GLPG NA : Galapagos Says to Progress Filgotinib to Phase 3 in IBD
- KNEBV FH : Kone Keeps 2016 Targets; Long-Term Drivers in China Still Solid
- LXS GY : Lanxess CEO Sees More Acquisitions After Chemtura Integration
- MAN GY : MAN Gets Major Truck Order From North Africa
- MS IM : Mediaset to Proceed With Lawsuit Against Vivendi: Radiocor
- NEO FP : Neopost 1H Net, Rev. Decline, Medium-Term Targets Unchanged
- ORP FP : Orpea Confirms FY Goals as 1H Net EU75.5m; Eyes New Regions
- PSG SM : Spain’s Prosegur Said to Consider IPO for Cash Management Unit
- SAN SM : Santander Board Proposes Homaira Akbari as Board-Member
- SLT GY : Schaltbau to Sell 2.03% of Issued Share Capital
- SNH GY : Steinhoff to Offer Shares to Raise EU1.89b
- SIE GY : Siemens’ Cromme Says German Infrastructure Needs Investment: HB
- SYNN VX : U.S. farmer lawsuits over Syngenta GMO corn granted class status - Fox News
- UBI FP : Ubisoft Buys Mobile Publisher Ketchapp
- VWS DC : Vestas Would Benefit From Industrial Shareholder, Chairman Says
- VIV FP : Vivendi: Analyzing Options After 2010 Securities Fraud Verdict
- VOLVB SS : Volvo CEO Aims to Be Leading on Profitability, DI Reports
- VOW3 GY : Audi Halts Sale of Q5 SUVs in India After Emission Check: TOI