Dow+0.01% S&P+0.11% Nasdaq+0.08% Russell+0.71%
US MArket closed on a flat note. Asian Session didn't help the sentiment (Nikkei-1.6%). WTI crude ended its day lower by 0.1% at $49.06/bbl. Seven sectors finished in the green as consumer staples (+0.7%), health care (+0.4%), financials (+0.3%), and materials (+0.3%) led the pack. Conversely, telecom services (-1.0%), technology (-0.3%), and consumer discretionary (-0.1%) rounded out the board. Auto Sector Underperform after May Sale. Volume were in line with average @ 880mil shares. Fed Beige book assessments weren't terrible but also weren't stellar, with expectations of modest wage growth. Investors await Friday's non-farm payrolls for more clarity, even as some of the more tertiary employment indicators such as the latest online job ads data from the Conference Board paint a rather gloomy picture. US After Hours GWRE +4%, OLLI -1%, BOX -8% following earnings/guidance; ORCL -3% following lawsuit from former accountant. RPRX+15.4% on New treatment, KERX +5.4% on Baupost stake, WFT -6% on $1bil Exchangeable. Asian equity markets are mixed, with the most notable decline coming in Tokyo on outsized 70pip slide in USD/JPY pair below ¥109 handle - a 2 week low. The upcoming OPEC meeting in Vienna has also figured prominently in market sentiment. Oil prices rallied in late US hours after reports that OPEC is working on agreement that could accommodate Iran as it ramps up production to pre-sanction levels, and a ceiling to output was under consideration. Late in US session however, UAE oil officials said there were no new developments about OPEC output target plan to their knowledge. WTI contract retreated further below $49/brl after API inventories showed a build for the first time in 3 weeks.
--> Yahoo Japan +2.8% (Softbank). Lenovo -4.4% (Google to sell its share), HTC +1.6% (spin off VR Business), Softbank -3.3%
Nikkei -2.26% Hang Seng -0.05% CSI -0.10% Shanghai +0.01%
EUr$ 1.1197 CNH 6.5845 XNY 6.58 JPY 109.17 GBP 1.4437 CHF 0.9875 RUB 67 WTI$ 48.85 (-0.33%)
S&P -0.26% EuroStoxx -0.10% Dax -0.11% SMI -0.18%
Macro :
- Fed Beige Book: Consumer Spending Up Modestly
- Saudi Arabia Open to New OPEC Production Ceiling: Energy Aspects
- OPEC May Consider New Oil Output Ceiling at Thursday Mtg: Rtrs
- Greek Euro Exit Would Be Catastrophic, Valls Tells Kathimerini
Keep an eye on :
- ADP FP : French CFDT, FO Unions Lift Air Traffic Strike Threat, AFP Says
- AIR FP : Norway Authority Issues Safety Warning on Airbus Helicopter Part
- AF FP : French CFDT, FO Unions Lift Air Traffic Strike Threat, AFP Says
- BABA US : Alibaba to Pay $74/Shr in 27m-Share Repurchase From SoftBank
- AAPL US : Tesla’s Musk Expects Apple Will Be in Car Production by 2020
- BMW GY : Brilliance -1.69%
- CSGN VX : Credit Suisse to Issue 75.5m New Shares as Part of Scrip Div.
- EDF FP : EDF Employees Vote to Strike at French Nuclear Plants: CGT Union
- FDPA FP : Gecina Says Eurosic, Fonciere De Paris Had Premade Plan: Echos
- GLEN LN : Glencore to Close Tahmoor Coal Mine in Australia by Early 2019
- HEN3 GY : Henkel May Probably Invest in Jyothy Laboratories, Standard Says
- HIK LN : Hikma Pharma to Replace Inmarsat in FTSE 100 Index
- ISAT LN : Hikma Pharma to Replace Inmarsat in FTSE 100 Index
- DEC FP : JCDecaux: Will Not Buy Rest of Metrobus It Doesn’t Already Own
- LONN VX : Lonza Offer for Catalent ‘Off the Table,’ StreetInsider Says
- LHA GY : Lufthansa CEO ‘Optimistic’ for Trading in 2016 on Fuel Tailwind
- LSE LN : Deutsche Boerse to Avoid Redundancies in LSE Deal: Handelsblatt
- MHG NO : Marine Harvest, Deep Sea Supply in Aquaculture Shipping JV
- NEO FP : Neopost Says 1Q Rev. Declines, Sets Medium-Term Margin Target
- NESN VX : Nestle CEO Bulcke to Replace Brabeck as Chairman: Challenges
- NHH SM : NH Hotel shareholder Hesperia joins activist funds led by Oceanwood against HNA
- NOVN VX : Novartis Afinitor Gets EU Approval for Some GI, NET Tumor Types
- NOVN VX : Genmab Says Novartis to Start Pivotal Ofatumumab Study in RMS
- PNL NA : PostNL Isn’t Looking For a Buyer, CEO Tells Dutch Paper AD
- ROG VX : Roche Gets FDA Approval for Tarceva Companion Diagnostic Test
- SNF FP : CDC May Sell Stake in Sanef, Les Echos Reports
- SAN FP : Sanofi Requests Record Date to Replace Medivation’s Board
- SIE GY : Siemens Healthcare Puts Organic Growth Before M&A: Handelsblatt
- SN/ LN : Zimmer Hasn’t Been Talking to PE to Pursue Tailored Brands: BTV
- SOLB BB : Solvay Completes Purchase of Eastman Chemical Stake in U.S JV
- SOP FP : Sopra Steria Names du Vignaux as CFO
- STL NO : Statoil: Norway Suspends All Use of H225 Helicopter
- TNTE NA : FedEx Results TNT Post-Closing Acceptance Period, 98.5% Tendered
- UBER IPO : Uber Receives $3.5 Billion Investment From Saudi Wealth Fund, Didi’s Jean Liu Says Working on Closing >$3.5b Funding Round
- FR FP : Bain Said Near Deal to Sell German Clutchmaker FTE to Valeo
- VIV FP / GFT FP : Electronic Arts Predicts Sales to Rise by $1.5b in 5 Yrs: Call
- VOE AV : Voestalpine FY Ebit Misses Ests; Books Tubes Impairment on Oil
- WFT US : Weatherford Drops 11%; Offering $1b in Exchangeable Notes
- YHOO US : SoftBank May Use Alibaba Sale for Yahoo Japan Purchase: Nikkei --> Yahoo Japan +2.8% (4689 JP)