Dow -0.28% S&P -0.53% Nasdaq -0.56% Russell -1.35%
US Market closed lower. Best Sector utillities Worst Financials. Investors stayed cautious as volatility from oil ans europe cautious mood ahead of Italian referendum. Crude oil began the day on a modestly lower note as investors reassessed the likelihood of an OPEC supply cap agreement. Saudi Arabia made headlines last week by opting out of a meeting between OPEC and non-OPEC members. The move cast doubts on the country's willingness to agree to joint supply measures. However, carryover selling interest faded when Iraq indicated that it was willing to cooperate with its fellow producers. WTI crude ended the day higher by 2.5% ($47.11/bbl; +$1.15) after sinking 3.2% in the prior session. The oil collective is scheduled to meet in an official capacity on Wednesday. seven sectors ending in negative territory. The financial (-1.4%), energy (-1.3%), and health care (-0.9%) spaces outpaced today's losses in the broader market while rate-sensitive utilities (+2.0%), telecom services (+0.8%), and real estate (+0.2%) gained amid declining market rates. US After Hours THO +10%, VNET +5%, ZTO +3%, UNH +2% higher following earnings/guidance... SCVL -12% following earnings/guidance, NVLS -54% on Ph 2 update, several names lower following secondary offering news. Asian Markets appear to be in the holding pattern going into major risk events this week, namely the OPEC meeting on Wed, jobs data on Friday, and Italian referendum on Sunday. Currencies were in narrow ranges and metals off their highs on profit taking. Saudi Arabia offering Iran freeze at 3.7MBD v 3.97MBD requested by Iran; both delegates have made proposals at OPEC meeting. Japan Eco data slightly better, Household spending y/y decline was at the lowest rate in 6 months, while sequential Retail Sales growth hit a 2-year high.
Nikkei -0.27% Hang Seng -0.23% CSI +0.79% Shanghai +0.21%
Eur$ 1.0603 CNH 6.9148 CNY 6.8920 JPY 112.12 GBP 1.2410 CHF 1.0136 RUB 64.9303
S&P Unch EuroStoxx +0.10% FTSE -0.08% Dax-0.10% SMI Unch
Macro :
- SocGen Sees $27b of Equities to Sell for Month-End Rebalancing
- French, German Bank Lobbies Warn of Basel IV ‘Adverse Effects’
- Draghi Says ABS Can Make Positive Contribution to Credit Growth
- Money Has Moved Back to U.S. After Trump’s Win, Mobius Says, Next Global Crisis Will Be Caused by Central Banks’ Actions: Mobius
- Higher U.S. Yields Lead to Tightening of Finl Conditions: Choy
Keep an eye on :
- AIR FP : Airbus Safran Launchers, Dassault Systemes to Develop Ariane 6
- ATLN VX : Actelion Weighs Combination With Parts of J&J: FT http://on.ft.com/2fu4XS9
- BT/A LN : BT Said to Choose Mike McTighe as Openreach Chairman: Sky
- DAI GY : Daimler Trucks Chief Sees EU400m Extra Cost Cuts : HB
- DENERG DC : Maersk, Dong Seen Advised by BAC, JPM on Potential Merger: Rtrs
- EDF FP : French Regulated Gas Prices to Rise 2.62% Ex Taxes in Dec: AFP
- EDP PL : EDP Signs PPA to Sell Energy Produced by Meadow Lake Wind Farm
- ENGI FP : French Regulated Gas Prices to Rise 2.62% Ex Taxes in Dec: AFP
- EVK GY : Evonik Will Acquire Technology From Metex
- GLPG NA : Galapagos Says $10m Milestone Payment Triggered From AbbVie
- IMG LN : Alibaba, Tencent Said Interested in Imagina Stake: Confidencial
- MC FP : Going Ex Div today €1.40
- POS AV : Porr 3Q Net Rises 10% to EU13.3m; Sees Full-Year Earnings Rising
- RSDA NA : Shell Said to Consider Sale of Iraq Oil Assets: Reuters
- RWE GY : RWE CEO Sees Decision on Reinstating Dividend in Spring: WAZ
- SPI AV : S Immo 9M Net Jumps to EU118.6m After Sale of Berlin Properties
- SAF FP : Airbus Safran Launchers, Dassault Systemes to Develop Ariane 6
- OO5930 KS : Samsung Plans Dividend Increase, Buyback; Reviewing Holding Co.
- GLE FP : SocGen Won’t Give ‘Collective, Permanent’ Pay Rise: Les Echos
- STL NO : Statoil CFO Still Sees Oil Market Rebalancing in 2017
- TSLA US : SEC Criticized Tesla Over ‘Tailored’ Accounting: WSJ
- TKA GY : Tata Steel, Thyssenkrupp May Cut Port Talbot Capacity: Reuters
- TIME US : Bronfman, Kreiz Offered $18-$20/Share for Time Inc.: Letter
- UBSG VX : UBS Reduces Equities Exposure on Higher Bond Yields, Strong USD
- UCG IM : UniCredit Invited 9 Banks to Manage EU13b Recap: Messaggero
- VOW3 GY : VW Extends Bridge Financing Until June 2017 Amid Scandal Costs