Dow -0.02% S&P +0.05% Nasdaq +0.28% Russell +0.35%
US Market was quiet. APPL helped the sentiment with news of 12th of Sept keynote. Biotech was strong in the wake of an announcement from Gilead Sciences (GILD) that it is going to acquire Kite Pharmaceuticals (KITE 178.05, +38.95, +28.0%) for approximately $11.9 billion, or $180.00 per share, in cash. (29% Premium). Energy sector (-0.5%) was one of the day's biggest laggards, but it did manage to cut its losses in half after oil prices rebounded off their lows of $46.15.financial sector (-0.5%) was the other key laggard of the day. Us After Hours Gold/silver related names are higher following the launch of North Korea missile over Japan
Asian equity markets opened mixed as early in the morning North Korea launched a mid-range ballistic missile that crossed over Japan’s air space (1st since 2009) before landing in the sea. S&P futures opened sharply lower, gold rose as geopolitical tensions rose to a new level. Crude is higher as hurricane Harvey continues to impact oil refineries and we may soon see impact on retail distribution as trucks are redirected to rescue and relief efforts. South Korea President Moon has ordered military to stage a show of force; 4 F-15K jet fighters conducted bomb-dropping drill. While Japan PM Abe and President Trump agreed to increase pressure on North Korea; want to call on China and Russia to play a role in North Korea. UN Security Council will hold a meeting later today.
Nikkei -0.42% Hang Seng -0.41% CSI -0.32% Shanghai -0.05% Shanzen -0.24%
Eur$ 1.1975 CNH 6.6136 CNY 6.6109 JPY 108.84 GBP 1.2945 CHF 0.9526 RUB 58.4732 WTI$ 46.78 +0.45%
S&P -0.54% EuroStoxx -0.79% Dax -0.73% FTSE -0.69% SMI -0.51%
Macro :
- Paris Mayor Says She Was Threatened By Diesel And Car Lobbies
- Abe Says Agreed With Trump in Increasing Pressure on N. Korea
Keep an eye on :
- ABE SM : Abertis suitor ACS sounds out Hong Kong-based funds for counterbid
- AB1 GY : Air Berlin Assets to Be Taken Over by Lufthansa, Easyjet: Bild
- ALLN SW : Allreal 1H Rental Income Rises 1.2% to CHF87.5m
- AAPL US : Apple Said to Hold Product Launch Event Sept. 12: WSJ
- ATC NA : Altice To Stay ’Reasonable’ On Bidding For Sports TV Rights: CEO
- EDF FP : France’s Le Maire Rules Out Privatization of EDF, La Poste, SNCF
- ENEL IM : Enel Chile’s Generacion Tender is a Win-Win Deal: Street Wrap
- HLAG GY : Hapag-Lloyd Second Quarter Ebit Beats Estimates
- LIN GY : Linde/Praxair to divest by continent, sector sources say
- MUV2 GY : Too Early to Assess Harvey Damages, Munich Re, Hannover Re Say
- NDA SS : Nordea Says Being Under EU’s SSM Would Increase Trust in Bank
- PSM GY : Prosiebensat.1 Media: Group Finl Outlook FY 2017 Confirmed
- RNO FP : Renault, Nissan, Dongfeng Motor to Form China EV Venture
- KEMN NA : Van Lanschot Kempen First Half Underlying Profit EU69.6 Mln
- VIV FP : Streaming Market Forecast Raised 16% to $28b by 2030: Goldman
- VOLVB SS : Cevian Capital could be looking to reduce stake in Volvo - report
- VOW3 GY : Audi Revamps Management Board, Names Seitz CFO
- FHZN SW : Zurich Airport First Half Ebitda CHF271.6 Mln