Dow-0.20% S&P-0.13% Nasdaq-0.17% Russell-0.10%
US Market closed slightly lower. Shanghai performance (-6.5%) weighted on the global market, China today moved surrender its week-to-date gain. European session didn't helped the sentiment with mix noise on Greece. IMF Managing Director Christine Lagarde as saying it is possible that Greece will exit the eurozone. Not long after, the IMF sought to clarify the quotes obtained from Ms. Lagarde, claiming they were inaccurate. Spain's Economy Minister Luis de Guindos reportedly said that a deal between Greece and the institutions remains possible. utilities (+0.2%) and materials (+0.3%) outperformed, but had little impact on the overall market, volume were just below average @ 675 mil shares...US After Hours BOOT +5.5%, GME +3.9%, MX +3.3%, PSUN -18%, VEEV -9.0%, GEF -7.3% following earnings/guidance Intel nears $15b deal to buy Altera (http://bit.ly/1KBVCA7)...Asian market is quite waiting for US GDP this afternoon...After an overnight collapse in Shanghai Composite, where the the 2nd biggest of the year drop of 6.5% erased all of the gains of this week, trading remained volatile in the opening hours. The index rose 0.7% at the open, then renewed its freefall to trade down some 4%, and finally settled into its midday break up 0.1%. Commentary in the press after the precipitous decline yesterday was fairly wide in scope. The official People's Daily issued a warning to be sensitive to "overdevelopment" of financial sector - a veiled reference to the high-leveraged equity trading that fanned the latest run up. Report noted that overdevelopment would bring in risks including accumulated asset bubbles leading to financial and economic crisis, adding that regulations were lagging behind. Separately, a Xinhua feature praised the two-way nature of the correction as healthy, and State Council announced plans to east China investors' ability to invest abroad to help redirect some of the speculative flows of easy money. Japan cabinet noted household spending disappointment does not warrant expectations for a slowdown, while Econ Min Amari reiterated JPY has not reached an excessively weak level.
Nikkei +0.25% Shanghai+0.37% Shanghai+0.89%
Eur$1.0949 GBP1.5330 EURCHF 1.0328 JPY 123.89 CHF 0.9433 RUB $52.6843 WTI $58.26 (+1.01%)
S&P -0.08% EuroStoxx+0.30% Dax +0.30% SMI +0.09%
Macro :
- IMF’s Lagarde Doesn’t Rule Out Greek Euro Exit: FAZ Newspaper, FAZ Says It Will Remove Lagarde Quote on Greek Exit
- Janus’s Gross Says China ‘Asset Prices at Risk’
- China Said to Plan Easing Limits on Overseas Investments: DJ
- Japan’s Kuroda Says Grexit Should Be Avoided: Handelsblatt
- MSCI to Exclude Ukraine Index From Frontier Markets Index
- Swiss GDP Contracts 0.2% Q/q in 1Q; Est. Unchanged Q/q
- Gabriel Says European Countries Need Different Speeds: Bild
Keep an eye on :
- AIR FP : Airbus’ Lahoud Says Blackbox Shows Assembly Errors: Handelsblatt
- AF FP : Air France Should Have ‘Positive’ Results This Year: Gagey
- ALCLS FP : Cellectis Said to Be in Sale Talks, Pfizer Potential Buyer: FT
- BSLN SW : Basilea’s Biggest Holder HBM Lowers Stake, Now Holds 9.72%
- BMW GY : BMW Recalls 3,488 Units of 5-Series Sedans in S. Korea: Yonhap
- CGG FP : CGG Offers Five 2020 Oceane Bonds for Two 2019 Bonds Tendered
- DAI GY : Daimler Seeks to Sell Batteries to Power Homes With EnBW: FAZ
- DTE GY : German Mobile Spectrum Auction Reaches EU1.8b After 23th Round
- ELIOR FP : Elior 1H Organic Growth 2.8%, Confirms Full Year Outlook
- ENEL IM : Enel in Talks With All Telecom Providers, Starace Says
- INT IM : GE Said to Work With Deutsche Bank on Sale of Italy’s Interbanca
- MAR PL : Martifer 1Q Loss EU2.7m Vs Loss EU10.3m Y/y
- MASSIMO ZANETTI IPO : Priced @ €11.60 / share (Low of the range, start trading on the 3rd of June)
- RDSA LN : Royal Dutch Shell at Fault in 2012 Incident In Alaska, NTSB Says
- RDSA LN : U.S. Arctic Rules May Prevent Single-Season Drilling: Industry
- SDRL NO : Seadrill May Cold Stack or Sell Two Rigs: Conf. Call
- STR AV : Strabag 1Q Loss Narrows to EU116.5m; Revenue Rises 6% to EU2.28b
- GLE FP : SocGen Unit to Pay $1.36m to Resolve U.S. Tax Probe
- SYNN VX : Syngenta Said to Build Defenses as It Braces for Monsanto Return
- TEF SM : Telefonica Says GVT Brazil Deal Closed
- TCY LN : Equinix Nears Deal for Telecity: Reuters
- VIV FP : Vivendi Completes GVT Sale; Will Pay Dividends June 29, Feb 3
- VOD LN : Vodafone Group Cut to BBB+ From A- by S&P, Outlook to Stable
- VOD LN : Vodafone Sells Its 4.2% Stake in Bharti to Bharti Enterprises
- VOLVB SS : Volvo Targets U.S. Sales Reaching 100,000 Within Four Years