Dow-0.10% S&P-0.04% Nasdaq+0.14% Russell-0.29%
US Market closed mixed, but managed to rally from lows. Today's session saw a divergence with the recent tradition of equities trading in lockstep with the direction of oil, as the major indices staged a rally off their lows despite a larger loss in crude, WTI crude ended its pits session lower by 6.2% at $31.65/bbl. Seven of ten sectors were able to finish their trading day in positive territory with countercyclical telecom services (+0.9%) and utilities (+1.0%) leading the pack. Meanwhile, energy (-1.9%) financials, (-0.6%), and industrials (-0.3%) were unable to move into positive territory. US After Hours LMNX +9.7%, FN +9.6%, PVH +6.2%, MAT +5.9%, GOOG +5.6%, IDTI -16.1%, RCII -9.6% following earnings/guidance; LOJN +18.2% to be bought by Cal Amp, CBYL-46.2 on drug trial. Asian equity markets are mixed as modest losses in Japan, Australia, and Korea paled relative to Shanghai Composite jump of over 2%. Liquidity injection by the PBoC and also resumed weaker Yuan settings are lifting the mainland in the final week of trade before the week-long Lunar New Year break. China Stats Bureau official attributed overnight decline in PMIs to 3 1/2 lows to soft demand ahead of the holidays, stating "some factories have taken the initiative of reducing production to respond to the countrys campaign to resolve excessive capacity and accelerate economic restructuring." In Japan, Econ Min Ishihara said monetary policy is BOJ's responsibility and also signaled comfort with lower long-term rates as they boost capex and housing. Ishihara said he would monitor the impact on banks, just as several regional smaller financials announced plans to cut deposit rates in response to income lost from negative rates on reserves with BOJ.
Nikkei -0.64% Hang Seng-0.35% Shanghai +2.14%
Eur$1.0901 CNH 6.6182 CNY 6.5795 JPY 120.69 GBP 1.4380 CHF 1.0196 RUB$ 78.15 WTI $ 31.03 (-1.87%)
S&P -0.32% EuroStoxx -0.10% Dax -0.14% SMI -0.03%
Macro :
- Fed Officials ‘Don’t Know’ What Will Happen in March: Fischer
Keep an eye on :
- ABT US : Abbott Seen ‘Done’ With Big Diagnostics Deals After Alere: Cowen
- ABT US : Alere Topping Bid, Regulatory Challenges Unlikely: Leerink
- ALFA SS : Alfa Laval 4Q Pretax Misses Estimates; Dividend Raised
- AMS SW : AMS 4Q Revenue, EPS Beat Ests., Sees 1Q Revenue Lower
- BLT LN : BHP Billiton Cut to A From A+ by S&P, May Be Cut Further
- AM FP : Dassault Aviation 5X to Be Delayed by 2 Years: Flight Magazine
- EDF FP : EDF Unions Demand Hinkley Point Delay, AFP Reports
- EDF FP : EDF Aims to Lift Nuclear Production in 2017, Les Echos Says
- GL FP : Galeries Lafayette Said in Partnership With Al-Futtaim: Echos http://bit.ly/1PQe8Zt
- GAM SM : Gamesa Wins Contract to Provide 95 Wind Generators in Mexico
- GEC FP : Blackstone Placing 3.4% Gecina Shrs in Bookbuild
- GIVN VX : Givaudan Cash Flow, 4Q LFL Growth Beat Estimates, Exane Says
- HOME LN : SBRY Find agreement 161.3p/share (55p +0.321nes sbry shares)
- IAG LN : IAG Acquired 22 Million Own Shares Under Buyback Plan
- IFX GY : Infineon 1Q Rev., Adj. EPS Beat Ests.; Keeps FY Outlook
- EGL PL : Mota-Engil Names Vasconcelos da Mota as Head of Africa Unit
- OUT1V FH : Outokumpu Books EU62m Gain in 4Q for Selling SKS Stake
- RIO LN : Rio Tinto Ratings May Be Cut by S&P
- RDSA NA : Royal Dutch Shell Cut, 5 Others May Be Cut by S&P on Oil Prices
- SAN FP : Sanofi Pasteur Says Launching Zika Vaccine Project
- SN/ LN : Stryker May Be Cut by S&P on Sage Acquisition Plan
- SYNN VX : Syngenta shareholder alliance criticises high level of director compensation
- SREN VX : Swiss Re’s Lies Wants ECB Zero Rate Policy to End: Handelsblatt
- TWTR US : Silver Lake Said to Have No Interest in Buying Twitter: Fortune
- VATT SS : CEZ to Make Binding Bid for Vattenfall Coal Unit: Handelsblatt
- VK FP : Vallourec Isn’t Protected From a Takeover Bid, CEO Says
- WCH GY : Wacker Chemie 2015 Ebitda Beats Estimates, Sales In Line