Dow +0.33% S&P +0.24% Nasdaq +0.23% Russell +0.22%
US Market Closed Higher. Eight of eleven sectors managed to settle in positive territory. The top-weighted financials (+0.8%) and technology (+0.5%) spaces exhibited relative strength with financials extending its week-to-date advance to 1.4%. The technology sector's most influential component--Apple (AAPL 150.05, +1.32)--moved sharply higher in the final minutes, adding 0.9%, ahead of its afternoon earnings release.Sprint (S 8.87, +0.89) led the telecom services space (+0.3%) to another win, its fifth in six sessions, after beating bottom-line estimates and raising its profit guidance. It's also worth noting that the company believes an M&A announcement will come "in the near future." S shares settled higher by 11.2%. energy sector (+0.1%) managed to eke out a victory despite crude oil's negative performance; the commodity dropped 2.0% to $49.19/bbl, ending its six-session winning streak. ILMN +10%, PZZA +8%, FEYE / AAPL / VVV +6%, TEX +3.5%, ALL +2% higher and RSYS -26%, AMC -25% MTSI -21%, COHR / BGFV -14%, ULTI -12.3%, FARO / SPWR -10% lower following earnings/guidance. Apple (AAPL) suppliers : CRUS +4.2%, SWKS +3.4%, AVGO+2.7%, QRVO +2.7%, ADI +0.7%.
Asian MArket : The Apple effect rippled across the region with tech names surging to highs (Hynix 3%; LG Innotek 9%; Murata 4%). Trump said to be planning to force China to crack down on intellectual-property theft and ease requirements that American companies share advanced technologies to gain entry to the Chinese market; though no specifics were given.
Nikkei +0.54% Hang Seng +0.62% CSI +0.27% Shanghai +0.24% Shenzen -0.15%
Eur$ 1.1824 CNH 6.7317 CNY 6.7267 JPY 110.78 GBP 1.3208 CHF 0.9662 RUB$ 60.3453 WTI$ 48.80 -0.73%
S&P +0.11% EuroStoxx +0.06% FTSE +0.15% Dax +0.10% SMI +0.59%
Macro :
- Goldman CFO Says Low Volatility Continuing Into Third Quarter
- Goldman Sees Oil Majors Thriving at $50/Bbl as Cash Flow Rises
- Brazil’s Real at 2-Month High as Temer Seen Surviving: Inside EM
Keep an eye on :
- ANA SM : Acciona to Redeem Remaining 3% 2019 Bonds Early
- AKE FP : Arkema Lifts Full-Year Target as 2Q Ebitda Climbs 17%
- SPR GY : Axel Springer First Half Sales EU1.7 Bln
- ACA FP : Credit Agricole Sees ‘Favorable Conclusion’ of Italy Purchase
- BMW GY : BMW’s Duesmann Says Co. Never Discussed Defeat Device: SZ
- CBK GY : Commerzbank 2Q Loss of EU 637M Versus Estimates for EU547M Loss
- CSGN VX : Credit Suisse Is Said to Plan $1B Quant Fund Spin Out: HFM Week
- FCA IM : Fiat Chrysler Investor Suit Over Defect-Reporting is Narrowed
- G IM : Generali 1H Net Beats Estimates; Combined Ratio 92.9%
- BOSS GY : Hugo Boss Comp Store Sales Climb for First Time in Two Years
- LUPE SS : Lundin Petroleum Second Quarter Ebitda Beats Estimates, Revises Guidance as Edvard Grieg Outperforms
- LHA GY : Lufthansa Reaffirms FY Forecast for Adj. Ebit to Rise
- MS IM : Vivendi Limiting Mediaset Vote Rights Is Said Insufficient: Rtrs
- KN FP : Natixis 2Q Net Climbs 28%; Revenue Beat Estimates. Natixis Posts Very Strong Results, Shares May Rise: Jefferies
- KN FP : Natixis Has No Plans for ‘Massive’ Moves Out of London: CEO
- PFV GY : Pfeiffer Vacuum Second Quarter Ebit Misses Lowest Estimate
- GLE FP : SocGen 2Q Net EU1.06b, Matching Estimates; Legal Charge Booked
- UBI IM : UBI Banca Says It Has Received Notice of Indictment Request
- VIV FP : Vivendi Limiting Mediaset Vote Rights Is Said Insufficient: Rtrs
- VNA GY : Vonovia Confirms FY FFO I Forecast, Investment Program on Track