US Closed higher with S&P climbing 1,2% and Russell 2,9%,US Indexes are niw uo on the year, FOMCtomorrow and the belief that the Federal Reserve will not rush to hike the fed funds rate after asset purchases under the Quantitative Easing program end, most sectors are up but we sw some weakness in apparel with COH -5,95% & KSS -6,6%...TWTR -9,8%, FB was flat ahead of earnings, volume were in line with average @ 779mil shares....VIX @ 14,39 -10,3%...US After Hours : X +10.4%, MAR +4.1%, INVN -24.5%, FB -9.3%, GILD -3.6%, PNRA -2.8% following earnings/guidance...Japan Cabinet Office raises its assessment of Industrial Production for the first time after Sept sequential growth rose at the highest rate since January...S&P warned the plan to raise its sales tax next year may not be positive for the nation's credit rating if it snuffs out any chance of economic recovery. This could potentially disarm the argument that global investors' trust would be hurt if consumption tax is not lifted again as expressed by Fin Min Aso last week...World Bank warned that China growth slowdown could be structural rather than cyclical, but that there is room for stimulus if growth slows sharply. World Bank estimated reform to increase growth by as much as 3.5% over a five year
period...Nikkei +1.46%...Hang Seng +1.22%...Shanghai +1.5%
Eur$1.2741 S&P -0.08% EuroStoxx+0.33% FTSE +0.43% DAX +0.35% SMI +0.27%
Macro
- Zambia President Is Dead, Family Sources Confirm, BBC Reports
- FLMC today
Keep an eye on :
- AF FP : Air France 3Q Operating Profit EU247m vs Est. EU330.5m
- ATL IM : Atlantia hires Goldman Sachs to handle AdR 40% stake sale - Il Sole 24 Ore
- BBVA SM : BBVA 3Q Net EU601M, Misses EU715.8M Analyst Estimate
- BNP FP : BNP Paribas Fortis to Review Remuneration Policy, L'Echo Reports
- COK GY : released numbers, see significant rise in sales, big beat stock indicated 8% higher pre market
- DLG GY : Dialog Semi Sees 4Q Sales Above Ests. as 3Q Profit Beats
- DSV DC : DSV 3Q Net Beats Ests.; Raises Lower End of Outlook Range
- GSZ FP : GDF Suez Says Madrid Office of Cofely Searched by Police
- MB IM : Mediobanca to sell stakes in Telecom Italia and RCS by June 2015 - Il Sole 24 Ore
- NUM FP : Numericable to Begin EU4.7b Rights Issue on Oct. 31,ALtice to fully subscribe (74.59%), Right issue guaranteed by Bamnk syndicate
- REE SM : Red Electrica 9m Net Income EU414.8m; EU389.4m 9m 2013
- RXL FP : Rexel Says 3Q Sales Growth Solid, Confirms FY 2014 Targets
- RB/ LN : Unilever, P&G, Reckitt Checking U.K. Accounting: Telegraph
- REP SM : Santander Wants Sacyr to Sell 3% of Repsol, Confidencial Says
- SAN FP : Sanofi Board Said to Meet Today Amid Speculation Over CEO
- SAN FP : Sanofi's Viehbacher Likely to Be Ousted Today, Le Monde Says
- SPM IM : Saipem CFO Says Not Changing Medium-Term Guidance
- STB NO : Storebrand 3Q Pretax Profit Beats Est., Builds Reserves
- STL NO : Statoil's Saetre Says Dividend Policy `Is Very Firm'
- SU FP : Schneider Electric 3Q Sales EU6.285b, Est. EU6.23b
- SEV FP : Suez Environnement Will Challenge Lille Contract Decision: CEO
- STM FP : STMicro Forecasts 4Q Revenue Decline Amid Soft Demand
- TOM2 NA : TomTom 3Q Net Falls 49%; Beats Ests; Revenue Forecast Raised
- FP FP : Total 3Q Adj. Net $3.6b vs Est. $3.3b; Div. EU0.61/Share
- UNA NA : Unilever, P&G, Reckitt Checking U.K. Accounting: Telegraph
- UNIB SS : Unibet 3Q Ebitda Beats Est.
- VONN SW : Vontobel AUM Rises 6% in 3Q; Net New Money Exceeds CHF2b
- ZAL GY : Zalando Declined to Exercise ’Green Shoe’ Over Allotment