Dow+0.14% S&P +0.03% Nasdaq +0.50% Russell -0.04%
US MArket closed slightly highe,r, AAPL +7.1% helped sentiment. The FOMC voted unanimously to maintain the current fed funds target range at 0.50%-0.75%, as expected. By and large, there was little change in the wording of the directive from the December meeting. There was some concern ahead of its release that it might have a hawkish-sounding angle to it, but the fact that it was little changed took a little of the rate-hike edge off the market. financial sector (unch) also closed the day higher, along with materials (+0.6%), and health care (+0.7%). The health care space rallied. At the bottom of the leaderboard was utilities (-1.7%), which suffered from the uptick in interest rates, telecom services (-0.7%) and real estate (-1.1%) sectors also finished lower. US After Hours WFT +7% on earnings/Nabors alliance news, ALL +4%, FB +1% higher following earnings/guidance, MJN +20% on potential M&A deal... SFLY -18% on earnings/restructuring plans, MLNX -15%, CRUS -10%, QRVO -7%, MTW -7%, SYMC -3.8% following earnings/guidance. Investors digest FOMC statement as the US yield curve steepens; While the Fed is more convinced about inflation reaching 2% target in the near term, there were no direct signals of March rate hike, prompting some modest USD selling.
Latest PMI data showed over 40% of business owners experienced some weak market demand along with cash and labor shortages - Shanghai Daily.
Nikkei -1.22% Hang Seng -0.61% CSI +0.36% Shanghai +0.31%
Eur$ 1.0781 CNH 6.8204 CNY 6.8840 JPY 112.80 GBP 1.2664 CHF 0.9918 RUB 60.03 WTI$ 53.58 -0.56%
S&P -0.36% EuroStoxx -0.21% FTSE -0.11% DAX -0.29% SMI 0.39%
Macro :
- FOMC Balance Sheet/Reinvestment Outlook Unchanged; Rates on Hold
- Fed Fund Futures Continue Pricing Two Rate Hikes for 2017
Keep an eye on :
- ATL IM : Atlantia Said to Consider Bid for Mexico’s RCO: Reuters
- AZN LN : AstraZeneca 4Q Rev. Beats Est.
- EN FP : Bouygues Gets EU800m Paris Metro Extension Contract: Echos
- BT/A LN : BT’s Andrea Giovanni Bono Takes Over Italian Unit Amid Scandal
- BUCN SW : Bucher Sees 2016 Operating Profit Decline, Recovery in 2017
- CABK SM : CaixaBank 4Q Net EU77M, Compares With EU170M Estimate
- DAI GY : Daimler Sees ‘Slight Growth’ in 2017 Ebit, Revenue, Deliveries --> -1% Pre open
- DASNKE DC : Danske 4Q Net Beats Estimates; Will Buy Back DKK10b Shares, Danske to Buy Back DKK10b of Own Shares, Starts Feb. 3
- DSY FP : Dassault Systemes Targets 1Q Non-IFRS EPS EU0.48-EU0.50
- DSY FP : Dassault Systemes CEO Says He’s Confident in Company’s Forecast
- DENERG DC : Dong FY Ebitda Beats Estimates; Will Phase Out Coal by 2023
- DBK GY : Deutsche Bank Quarterly Loss Narrows; CET1 Ratio at 11.9%
- EDF FP : EDF Said to Plan Extending Jobcuts, Cut Up to 7,000 Jobs: AFP
- FINGB SS : Fingerprint Cards Proposes SEK2 Dividend, Earnings Below Ests.
- G IM : Generali Shareholder CRT: No ‘Prejudice’ on Intesa Bid: Stampa
- HNR1 GY : Hannover Re Raises Guidance for 2017 Net to More Than EU1b
- IFX GY : Infineon 1Q Segment Result Beats Ests.; Sees 2Q Revenue Increase
- IIA AV : Immofinanz Sells About Half of Stake in BUWOG AG
- INGA NA : ING Group 4Q Underlying Pretax Profit Rises 63%; Dividend 42c
- KPN NA : KPN Loses Almost 4% as Confidence in Enterprise Growth Dampens
- NOKIA FH : Nokia 4Q Net Sales Misses Lowest Est.
- NRE1V FH : Nokian Renkaat 4Q Net Sales Beats Highest Est.
- NOVOB DC : Novo Nordisk FY Sales in Line; Cuts Outlook Range in Local FX, Novo Nordisk 2016 EPS rises to 14.96 kroner vs 15.08 kroner est.
- OCDO LN : Ocado “would probably be worth significantly more in the hands of a bigger retailer as it would improve purchasing power and reduce costs”, JPMorgan said.
- UG FP : France Calls on PSA, Renault to Help Keep GM&S in Business
- RB/ LN : Reckitt Benckiser Said to Be in Talks to Buy Mead Johnson: WSJ
- RNO FP : France Calls on PSA, Renault to Help Keep GM&S in Business
- RDSA NA : *SHELL 4Q ADJ. PROFIT $1.8B, EST. $2.8B
- UHR VX : Swatch 2016 Earnings Miss Estimates; Co. Cuts Dividend Payment
- TIE1V FH : Tieto 4Q Net Sales Miss Est.; Sees FY Operating Profit Growing
- TEL NO : Telenor 4Q Net Misses Ests.; Declares NOK7.80/Share Dividend
- UL FP : Unibail-Rodamco FY EPS Meets Estimates; Sees Higher 2017 Profit
- UCG IM : UniCredit Prices Shares With 38% Discount on TERP
- MF FP : Wendel to Hold 21.4% Direct IHS Stake After MTN Transaction
- WPG LN : Largest Worldpay Holders Bain Capital, Advent to Exit Stake --> Worldpay Shares Priced at 282.75p/Shr in Sale: Terms