Dow -0.09% S&P +0.16% Nasdaq +0.30% Russell -0.14%
US Market closed once again almost flat, Tech Outoerformed on FB & announce of M&A (N / ORCL) but GOOG & AMZN are the 2 big names that reported after the closed and keep mkt on stand by mood. financial (+0.2%) and technology (+0.2%) sectors helped lead the afternoon reversal. Six sectors ended above the flat line, with the consumer staples sector (+0.5%) logging the biggest advance. The telecom services (-0.7%), energy (-0.2%), materials (-0.1%), and health care (-0.04%) sectors ended in negative territory. Volume were in line with average at 853mil shares. US After Hours DECK +4%, GOOG +4%, AMZN +2% on earnings/guidance... HIG -11%, FTNT -10%, EXPE -6.5%, WDC -6%, WYNN -6% on earnings/guidance, OTA / casino names lower. Asian equity markets are lower as Bank of Japan has effectively kicked the can down the road on deciding to implement further large-scale stimulus, allowing the govt to do more heavy lifting with its fiscal plan instead. Against expectations of deeper cut in negative rates to -0.15% from -0.10% and a large minority view of expansion of annual monetary base beyond the current ¥80T, the BOJ merely boosted its ETF buying program to ¥6T from ¥3.3T and doubled the size of USD lending program to $24B. Inaction at this meeting - one that coincided with an update on BOJ's forecasts for GDP and CPI as well as more soft economic data in household spending and nationwide CPI - underscores the reluctance that Gov Kuroda has shown ever since that initial foray into negative rates back in January. It mattered little that the progress of Abenomics has slowed, JPY has strengthened, and that politically the Abe cabinet has been bolstered by the recently achieved super majority in the upper house of Parliament and thus a perceived mandate to do more on economy.
Nikkei +0.12% Hang Seng -0.88% CSI -0.27% Shanghai -0.28%
Eur$ 1.1075 CNH 6.6579 CNY 6.6523 JPY 103.66 GBP 1.3177 CHF 0.9796 RUB$ 66.6863 WTI$41.02 (-0.29%)
S&P -0.08% EuroStoxx +0.47% Dax +0.43% SMI +0.01%
Macro :
- SNB’s Stock Holdings in FX Reserves Were Steady at 20% in 2Q
- Fredriksen’s Deep Sea Supply to Take Part in Consolidation: FA
Keep an eye on :
- ABI BB : AB InBev 2Q Normalized Ebitda, Organic Sales Miss Estimates, Cuts 2016 Brazil Sales Outlook, Cuts Capex View --> AB InBev Had Another Weak Quarter on Undemanding Comps: Exane
- ANA SM : Acciona 1H Net EU596.2m vs EU103m
- ADP FP : ADP 1H Op. Income Falls 14%, Lowers Forecast for 2016 Net
- AIR FP : Cebu Air Signs Purchase Order With Airbus for 2 A330-300 Planes
- MT NA : Arcelor Sees Better 2H Market Conditions Vs Last Year
- AREVA FP : Areva 1H Net Loss Narrows, Co. Raises FY Cash Flow Forecast
- AREVA FP : EDF Is Considering Purchasing Control of New Areva Company
- ATL IM : Atlantia-Led Group Wins Bid for 60% of Nice Airport, France Says
- AZN LN : AstraZeneca Rises on Novartis M&A Speculation, Mirabaud Says
- BBVA SM : BBVA Names KPMG Auditor of Consolidated Group for Next 3 Years
- BEKB BB : Bekaert 1H Adj. Ebit Tops Ests; Sees Full-Year Margin Above 7%
- BMPS IM : Monte Paschi Confirms Receipt of Letters From Passera, UBS
- BMPS IM : Passera, UBS Plan for Paschi Includes EU2.5b-EU3b Cap Hike: Sole
- BMPS IM : UniCredit, MS, Intesa Said to Opt Out of Paschi Cash Call: Rtrs
- CABK SM : CaixaBank 2Q Net Beats Estimate; CET1 Fully-Loaded 11.5%
- CO FP : Casino Confirms 2016 French Trading Profit Target
- CFAO FP : CFAO 1H Net EU36.9m, Down 14% From EU43.1m Y/y
- CGG FP : CGG 2Q Net Loss Smaller vs Est.; Sees Mid Term Market Tightening
- CFN PL : Cofina 1H Net EU2.34m vs EU2.3m Y/y
- DUFN VX : Dufry 1H Ebitda Beats Ests., Sees Improving Results in 2H
- EDF FP : EDP Says to Keep Publishing Quarterly Financial Information
- EDF FP : EDF, Caisse, CNP Assurances in Talks for RTE Development Pact
- EDP PL : EDP 1H Net Income EU472m vs Est. EU478.6m
- EGL PL : Mota-Engil Wins Colombia Projects, Order Book Increases EU280m
- ELIOR FP : Elior Confirms Fy Targets; 9-Month Sales Rise 3.3%
- ENGI FP : Engie 1H Ebitda Misses, Recurring Net in Line; Confirms Targets
- ENI IM : Eni 2Q Adj. Net Loss From Continuing Operations; Div. In Line
- EI FP : Essilor Cuts 2016 Like-for-Like Sales Growth Forecast to 4.5%
- ETL FP : Eutelsat FY Revenue Matches Est.; Reiterates Financial Forecast
- FER SM : Ferrovial 1H Net Falls 29% to EU189 Milion
- FNAC FP : Fnac 2Q France Rev. Rose, 1H Current Operating Loss Narrowed
- GALP PL : Galp 2Q Adj. Net EU133m vs Est. EU125m
- G IM : Generali 2Q Net In Line With Estimate; Combined Ratio 92.3%
- GEO IM : Geox Says YTD LFL Sales Below Plan, Says 2016 Year of Transition
- HEI GY : HeidelbergCement 1H Results a Solid Beat, Goodbody Says
- IDR SM : Indra 1H Net EU31m vs EU436m Loss Year Earlier
- KER FP : Kering 2Q Total Comp Sales, Gucci, 1H Operating Income Beats
- MMB FP : Lagardere 1H Rev. Beats; Confirms Recurring Ebit Growth Target
- OR FP : L’Oreal 2Q LFL Sales Growth Misses Estimates
- LSE LN : Deutsche Boerse-LSE to Decide on HQ Location in 4-5 Months: SZ
- MS IM : Mediaset 2Q Profit Down; Ready for Legal Proceedings Vs Vivendi
- KN FP : Natixis 2Q Net, Rev. Beat Ests., on Track to Meet Profit Targets, Natixis Buoyant CIB Offsets Subdued Asset Management: Mediobanca
- NEM GY : Nemetschek 2Q Sales Beat Est., Net Up 85%; Confirms 2016 Outlook
- NHH SM : NH Hotel 1H Net EU9.7m Vs Loss EU17.4m Year Earlier
- NOVN VX : Novartis Ready to Look at Bigger Acquisitions, Bilanz Reports
- RXL FP : Rexel 2Q Sales In Line With Ests.; Confirms 2016 Outlook
- SAB LN : SABMiller Shareholders Said to Signal Support for AB InBev Offer
- SAF FP : Safran 1H Beats Est., Repeats Full-Yr Outlook
- SAN FP : Sanofi 2Q Business EPS In Line; Keeps 2016 Forecast
- SAN FP : Sanofi to Remain ‘Financially Disciplined’ on Medivation: CEO
- SGO FP : Saint-Gobain 1H Recurring Net Misses; Confirms FY Targets
- SDRL NO : Seadrill Gets 3 Year Contract Extensions from Saudi Aramco
- SESG FP : SES 1H Revenue Falls, Says Results in Line With Forecasts
- SOLB BB : Solvay 2Q Adj. Net EU223m; Est. EU197.6m; Reaffirms FY Outlook
- SPIE FP : Spie 1H Pretax Rises, Upgrades FY Ebita Margin Guidance Range
- SAZ GY : Stada Supervisory Board Negotiating Final Departure of CEO: FAZ
- SIKA VX : Sika Reports 24.8% Increase in 1H Net; Keeps Sales Growth Target
- SREN VX : Swiss Re 2Q Net Income Beats; Combined Ratio Rises; ROE Drops
- STL NO : Statoil Buys Petrobas’ 66% Stake in Santos license for $2.5b
- STM FP : STMicroelectronics Acquires AMS’ NFC and RFID Reader Assets
- TKTT FP : KKR Intl Flooring to Sell 3.5m Tarkett Shares at EU28.90 Each
- UBSN VX : UBS 2Q Net Income, Pretax Profit Beat; CET1 Rises ,UBS 2Q Revenue, NII, ROTE, Decline vs Year Earlier, UBS CEO Ermotti Sees ‘Very Little Visibility’ in Near Future
- UMI BB : Umicore Raises Profit Forecast to EU345m-EU365m; Est. EU344m
- VK FP : Vallourec 1H Net Loss Widens; Co. Confirms FY Targets
- DG FP : Vinci Confirms 2016 Earnings to Rise as 1H Matches Estimates
- DG FP : Vinci-Led Group Wins Bid for 60% of Lyon Airport, France Says