Dow+0.79% S&P+0.55% Nasdaq+0.86% Russell+0.05%
US Market closed higher helped by speculation of oil outputs cut. the major indices lost their footing near their opening highs as weaker than expected economic data, and conflicting reports between OPEC and non-OPEC states limited the upside of today's trade. WTI crude ended its session higher by 2.8% at $33.22/bbl. the upswing in oil, energy (+3.2%) settled on top of the leaderboard while utilities (+1.6%) and technology (+1.5%) followed. On the flipside, health care (-2.3%) was unable to make it out of negative territory while telecom services (+0.1%) and financials (+0.1%) also underperformed. Volume were above 1bil shares. US After Hours GIMO +15.3%, MTW +14.1%, QLGC +10.9%, FTNT +9.2%, AMZN -13.6%, AZPN -13.3%, QSII -9.0%, EA -8.0% following earnings/guidance, STRP+4.6% on Blackrock 5.3% stake, VALE+3% on dvd news. BOJ's negative -0.1% interest rate was voted on by a narrow 5-4 margin. Accompanying the decision, the BOJ also cuts its FY16/17 CPI projection to 0.8% v 1.4% prior forecast and maintained FY17/18 at 1.8%, adding the assumptions were based on oil price rising to over $40/brl over projected period. BOJ also added it was prepared to adjust negative rates even deeper. USD/JPY spiked up some 300pips from session lows to as high as 121.50, Nikkei225 rallied strongly, and the S&P500 futures traded up by nearly 1% in electronic trade. PBoC injected additional CNY100B in repos to supply more liquidity going into the Lunar New Year holidays in China next month. A researcher with PBoC warned the central bank is in for a "tough battle" against speculators in CNY, but was confident that Chinese currency can be kept stable. Another PBoC academic said RRR cut can still happen but its impact is limited by factors such as Fed tightening. In Australia, Treasury Sec Fraser warned PM Turnbull that AAA credit rating is in jeopardy unless the gvot cuts spending.
Nikkei +2.8% Hang Seng +2.19% Shanghai +3.65%
Eur$ 1.0911 CNH 6.6152 CNY 6.5760 JPY 120.58 GBP 1.440 CHF 1.0164 RUB$ 75.6137 WTI$ 33.85 +1.9%
S&P +0.93% EuroStoxx +1.6% Dax +1.7% SMI +1.23%
Macro :
- Japan Adopts Negative-Rate Strategy to Aid Weakening Economy
- PBOC Adviser Says RRR Cut Constrained by FED Rate Increase, Yuan
- German FinMin Says Leading Indicators Suggest Recovery: Reuters
- Oil Market Needs More Evidence of U.S. Output Reductions: TD
- French Growth Slows in 4th Quarter as Terrorism Hurts Spending
Keep an eye on :
- AIR FP : Airbus Gets Order for 118 Passenger Planes From Iran
- AIR FP : Airbus’s Bregier Sees First Deliveries to Iran This Year
- AAPL US : Apple Said Developing Wireless-Charged Phone for as Soon as 2017
- BMPS IM : Monte Paschi FY Net Income ~EU390m; CET1 Ratio 12%
- CA FP : Carrefour CEO Plassat Says China Market Remains Promising: Echos
- CABK SM : CaixaBank 4Q Net Loss EU182m; CET1 Fully-Loaded 11.6%
- CNE LN : Vedanta Board Said to Mull Revised Terms for Cairn Merger: CNBC
- DEXB BB : Dexia Says 1-for-1000 Reverse Stock Split Effective March 4
- ELI1V FH : Elisa 4Q Ebitda Misses Estimates, Sales Beat
- FCC SM : FCC shareholder Carlos Slim considers de-listing offer for Portland Valderrivas
- SFER IM : Ferragamo 2015 Sales, 4Q Sales Constant FX Beat Ests.
- GAM SM : Gamesa eyed by Siemens; Deutsche Bank advising http://bit.ly/1WQXpEO
- GSK LN : GlaxoSmithkline considering sale of consumer healthcare arm; Reckitt, Unilever and P&G said to be interested; talk of takeover interest from Johnson & Johnson
- KUNN SW : Kuoni Confirms EQT Emerged as Preferred Party for Possible Bid
- KNEBV FH : Kone could acquire rival to create buffer against Otis - Helsingin Sanomat,
- MMT FP : M6 to Dispute Paris Premiere Decision With Regulator: Le Figaro
- MAU FP : Maurel & Prom 4Q Rev. EU71m
- RI FP : Pernod Ricard Said to Be in Discussions to Acquire Monkey 47 Gin
- RLIA SM : Realia Business minority shareholders demand Inversora Carso increase takeover offer price above EUR 0.80 per share
- RR/ LN : Rolls-Royce to Announce More Senior Mgmt Job Cuts Friday
- TEF SM : Telefonica Retirement Plan to Cost EU2.9B Before Tax
- TLSN SS : Swedish Institutions Have Sold SEK3b of TeliaSonera Shares: DI
- TLSN SS : TeliaSonera 4Q Ebitda Beats Estimates; Dividend Policy Changed
- UBER IPO : Uber to Cut Rates in New York City From Friday: NY Post
- VED LN : Vedanta Board Said to Mull Revised Terms for Cairn Merger: CNBC
- VIV FP : Vivendi Talks With beIn Sports Are Ongoing, Le Figaro Says
- YARA NO : Yara To Take About NOK1.15b Asset Impairment Charge in 4Q