Dow +0.36% S&P -0.35% Nasdaq -1.36% Russell -0.65%
US MArket closed mixed ahead of employment report today. Nasdaq is down by 2.7% this week and settle just below its 50day moving average. The technology sector (-2.3%), which accounts for nearly 21.0% of the S&P 500, was pressured by daylong selling among high-beta chipmakers. The PHLX Semiconductor Index lost 4.9% with Apple (AAPL 109.47, -1.05) suppliers leading the decline after reports that the tech giant was reducing orders for the iPhone 7 due to weak demand. Apple fell 1.0% while Broadcom (AVGO 162.79, -7.70), Cirrus Logic (CRUS 49.32, -5.68), Qualcomm (QCOM 64.16, -3.97), and Skyworks (SWKS 71.78, -5.07) lost between 4.5% and 10.3%. Following today's profit taking, the PHLX Semiconductor Index remains up 26.1% for the year. The real estate sector (-1.6%) extended its fourth-quarter loss to 10.2% while utilities (-0.9%) and consumer staples (-0.7%) struggled as yields remained on the rise. The benchmark 10-yr yield rose six basis points to 2.44% while the 2-yr yield increased two basis points to 1.14%. Volume were above average at 1,1bil shares. US After Hours FIVE +11%, ULTA +6% following earnings/guidance... WDAY -12%,SWHC -6%, AMBA -6%, GPS -1% following earnings/guidance/SSS, SBUX -3.5% on CEO transition news. Asian markets starting to strain under the pressure of rising US Treasury yields. Former PBoC adviser Yu said China should cut intervention in FX market; Should not promote Yuan internationalization too aggressively. Fitch said China residential sales to fall about 15% in 2017. Japan govt preparing to issue more debt-covering bonds due to likely shortfall in tax rev this year.
Nikkei -0.47% Hang Seng -1.18% CSI -0.92% Shanghai -0.79%
Eur$ 1.0681 CNH 6.8858 CNY 6.8839 JPY 114.06 GBP 1.2621 CHF 63.7849 CHF 1.01 WTI$ 51.03 -0.06%
S&P -0.14% EuroStoxx-0.43% Dax -0.34% SMI -0.25% FTSE -0.56%
Macro :
- Gundlach Says Trump Rallies Look to Be ‘Losing Steam’: Reuters
- ECB Said to Weigh Signal on Eventual Asset-Buying End: Reuters
- EU, Italy Discuss Level of State Help for Paschi: Corriere
- Italy Bank Issue May Be Resolved With State Aid, WiWo Reports
Keep an eye on :
- ABG SM : Abengoa Unit’s Reorganization Violates Law, Trustee Says: Rtrs
- BASLN SW : Basilea Expands Oncology Drug Candidate BAL101553 Study
- BKIA SM : Spain Said to Expand Deadline to Privatize Bankia by 2 Yrs: Rtrs
- POP SM : Banco Popular Says Chairman Ron to Be Replaced by Saracho
- DBHN GY : Deutsche Bahn Said to Delay CEO Contract Renewal: Handelsblatt
- DWNI GY : Vonovia Sees Amicable Merger With Deutsche Wohnen Mid-Term: WiWo
- ENI IM : Eni Says Fire at Italy Refinery Under Control, Partly Closed
- LI FP : Klepierre, Unibail Upgraded at Barclays After Underperformance
- LHA GY : Lufthansa Pilot Union Asks for More Detail on New Wage Offer
- NEO FP : Neopost 3Q Rev. EU279m vs EU284m Y/y
- PNL NA : Dutch Govt Took Notice of New Bpost Proposal for PostNL
- SREN VX : Swiss Re Confirms Financial Targets Ahead of Investor Day
- TEF SM : Telefonica Says 70.01% of Holders Accept New Shares as Dividend
- UBI IM : UBI Won’t Need Higher Cap Requirements After SREP: Radiocor
- UL FP : Klepierre, Unibail Upgraded at Barclays After Underperformance
- FR FP : Valeo R&D to Grow While Remaining Constant in Terms of Rev.: CEO
- VIV FP : Vivendi Says Hasn’t Received Subpoena From Harry Shearer
- VNA GY : Vonovia Sees Amicable Merger With Deutsche Wohnen Mid-Term: WiWo
- VOW3 GY : Volkswagen Sees Navistar Stake Buy Closing in 1Q 2017