Dow+0.16% S&P+0,21% Nasdaq+0.2% Russell+0.25%
US Market Closed higher for first trading of June. Chatter of Deal in Greece helped the sentiment even if denied, mkt held levels. health care (+0.4%), technology (+0.3%), consumer discretionary (+0.3%), and industrials (+0.4%) helped the market climb to a fresh high during the afternoon. However, it is worth noting that the Monday advance occurred amid light volume with just 665 million shares changing hands at the NYSE floor. As for Greece, the country is expected to be presented with a final proposal prepared by leaders from France, Germany, and the EU. among cyclical sectors, consumer discretionary (+0.3%) and technology (+0.3%) also displayed relative strength with M&A activity (Altera/Intel). energy sector was pressured in the early going by weakness in crude, but the sector narrowed its loss as the energy component also recovered its intraday decline, settling at $60.24/bbl. US After Hours HTGM +4.2%, PVH +4.0%, QUNR +1.1% following earnings/guidance...Asian equity markets were flat for much of the morning session but have been rolling over in the afternoon, with Nikkei returning from break modestly in the red and Shanghai Composite entering its recess unchanged after strong gains. In China, Moody's raised its Outlook on the property market to Stable from Negative, forecasting sales value growth of 0%-5% "over the next 12 months to June 2016, compared with a decline of 7.8% in 2014, driven by the policies implemented by the authorities since the second half of 2014."...In Europe, leaders of creditor nations to Greece met in Berlin and reportedly drafted a "final offer" to be presented to Greek govt and PM Tsipras, rejection of which was speculated to push Athens toward default. Reports indicated the document would contain economic overhaul guidelines for Greece to enact following the latest stall in negotiations. Subsequent comments from German govt spokesperson indicated Merkel and Draghi were in agreement that talks on Greece relief need to step up in intensity.
Nikkei -0.15% Hang Seng -0.87% Shanghai -0.33%
Eur$ 1.0919 GBP 1.5207 JPY 124.67 EURCHF 1.0327 RUB $53.4870 WTI $60.19 (-0.02%)
S&P -0.04% EuroStoxx +0.28% Dax +0.13% SMI +0.21%
Macro :
- France Can Develop Digital Champions, Macron Tells Le Figaro
- France’s Sapin Wants to Cut Bank-Card Charges, Les Echos Says
- Merkel, Draghi Agree Greek Talks Must Step Up in Intensity
- SocGen Lists Likely European M&A Targets (ABI/SAB; DSY/AVV; ALT/ACN; REGN/SAN; EOSI/SIE or EOSI/GE; BOKA/FUR; Siem/SUBC; ROSN/SDRL; GBB/Jaccar; ENX/BME; HMSO/ECMPA; SYNN/MON)
Keep an eye on :
- AF FP : Air France Plane Had Emergency Landing in Khabarovsk: RIA
- AI FP : Air Liquide Buys Healthcare Antisepsis Solutions: No Terms
- AIR FP : Frontier (500 HK) to Buy $1.3 Billion of Airbus Jets Featuring More Seats
- ARM LN : ARM Sees Continued Growth in Smartphones, Connected Devices
- ARYN VX : Aryzta 3Q Revenue EU973.2m; Est. EU976.8m
- AZN LN : AstraZeneca Will Make Decision on Psoriasis Drug in ‘Few Weeks’
- BRBY LN : Shiseido to Distribute Burberry Products in Japan
- DRTY LN : Darty Wants to Open on Sundays in France, Le Figaro Says
- EKTAB SS : Elekta Sees Negative Sales Growth in 1H; 4Q Ebita Misses Est.
- FCA IM : Fiat Chrysler Automobiles Italy May Car Sales Rose 13.4%
- FCA IM : Fiat Chrysler Delays Many Future Vehicle Programs: Reuters
- IMT LN : Tobacco Companies Ordered to Pay $15b in Damages in Quebec: CBC
- LBTYA US : Liberty Global Targets Continued Expansion in Germany: Boersen
- NOVOB DC : Novo Nordisk to Join Stoxx Europe 50, Standard Chartered to Exit
- ORA FP : French Finance Min. Said Looking Into Measuring Bandwidth: Monde
- PHOS LN : Phosagro Breaks Ground on Urea Plant; Rose 4% in Moscow
- ROG VX : Amgen, Roche to Collaborate on Cancer Immunotherapy Study
- SMDR LN : Sona, Ophir Mutually Agree to Discontinue Salamander Discussions
- SGO FP : Saint-Gobain Increases Stake in Vinh Tuong Industrial to >57%
- SGO FP : Sika shrugs off founding family's St Gobain push
- TSCO LN : Bidders Cut Valuations of Tesco’s Dunnhumby: Sky
- FP FP : Total CEO Says Not Expecting OPEC Countries to Unveil Measures
- DG FP : Vinci Seeks 2020 Oil, Gas Sales of EU3B Vs EU1.35B Now: Echos
- VIV FP : France to Boost Funding for Digital Sector, Macron Tells Figaro
- VOD LN : Vodafone Bonds Lose on Fears of a Highly Leveraged Liberty Buy
- WOS LN : Wolseley Sees FY Trading Profit In Line With Consensus Estimates