Dow -0.13% S&P +0.17% Nasdaq +0.73% Russell +0.50%
Blue chips slowed down today, with the Dow posting a small loss, while the broader stock market continued its rally. A possible US government shutdown seems averted, with more talk of a vote by this week on a new healthcare bill. Despite some weaker than expected economic data, investors returned to risky assets in particular techs. Apple rose more than 2%, helping propel the NASDAQ to a new high just short of 6,100. Congress and the White House averted a government shutdown by agreeing to a bipartisan federal funding bill of around $1T over the weekend. The deal should be voted through by end of the week and would include an increase in defense and homeland security spending. UK PM May said today that the UK would not agree to any Brexit bill without having an agreement on trade post-Brexit first. Her words come after various EU officials have stated there will be no post-Brexit negotiations until the conditions of UK's exit from the union have reached an advanced stage. Asian equity markets traded mixed, tracking US indices. Kospi was among the top performers rising to record highs, while Australia saw declines on weakness in energy and metals stocks. Crude oil prices faltered overnight with Libya disclosing higher production and Kuwait also forecasting increased output in the medium term. China Caixin Manuf PMI came in below estimates at 50.3 V 51.3E, which was also its 7-month low. Slower increases in output and new orders were attributed to the decline, along with softer growth in new orders that forced manufacturers to cut payrolls at the fastest pace since January. Slowing growth was also felt in the prices components as the rate of input price inflation softened to a seven-month low. Recall over the weekend, China official manufacturing and non-manufacturing PMIs also hit 6-month lows.
Nikkei +0.56% Hang Seng -0.08% CSI -0.43% Shanghai -0.29%
Eur$ 1.0922 CNH 6.8959 CNY 6.8960 JPY 111.99 GBP 1.2902 CHF 0.9954 RUB 56.9362
S&P -0.08% EuroStoxx -0.20% Dax +0.008% SMI +0.12% FTSE +0.11%
Macro :
- China April Manufacturing PMI at 51.2; Est. 51.7
- Trump Says He Is Considering Breaking Up Wall Street Banks
- Fed’s Low-and-Slow Strategy Tested by Business-Spending Pickup
- If You Sell in May, How Long Should You Stay Away? Macro Man
- Germany’s Schaeuble Sees Greece on Track for May 22 Deal: Funke
- Pence Says Trump’s Tax Plan May Increase Deficit in ‘Short Term’
- May Promises No Increase in VAT, Hints at Other Tax Rises
- Airbnb Settles With San Francisco Over Short-Term Rental Law
- BITCOIN & ETHEREUM – CLIMB TO ALL-TIME HIGHS: Two of the world’s most popular digital currencies rose to records on Monday, with the Bitcoin price eclipsing the $1,400 level for the first time ever. Ethereum, the world’s second-largest digital token, climbed above $80 for the first time.
Keep an eye on :
- AC FP : Banyan Tree enters into definitive collaboration, subscription agreement with Accor
- AIR FP : Airbus to Build Helicopter Assembly Line in Shandong: Xinhua
- AIR FP : SpaceX Says Standing Down on Launch Today Due to Sensor Issue
- AI FP : Air Liquide to Cancel 1.5m Shares Bought in Buyback Program
- AZA IM : Alitalia Administrators to Seek Offers for Company: Messaggero
- AZA IM : Meridiana/Qatar Air May Be Interested in Alitalia: Messaggero
- AMZN US : Amazon Probed in Italy for $142m in Unpaid Taxes: La Repubblica
- AAPL US : Apple Asks CA to Change Proposed Self-Driving Car Testing Rules
- AZN LN : AstraZeneca’s Durvalumab Wins FDA Accelerated Approval
- AR4 GY : Aurelius 1Q Revenue EU1.15b
- CS FP : Axa Sees Positive Impact on Results From Higher Rates: Chairman
- BAYN GY : Bayer, J&J File With FDA to Seek New Xarelto Dose for VTE
- BMW GY : BMW CEO Says Next Self-Driving Car to Be Built in Bavaria: FAS
- BMPS IM : Italy May Have to Put More Than EU6.6b Into Paschi: Stampa
- BOSCH : Bosch to Sell Starter Motor/Generator Unit to China Co: FAZ
- BP/ LN : BP Studies Brazil Rounds as Operator or Partner, Alexander Says
- BB/ LN : U.K. Said to Plan GBP3b Bradford & Bingley Mortgage Auction: Sky
- CPI LN : Capita auction of asset services unit attracts GBP 700m bids from GTCR, CVC
- AFX GY : Zeiss, ASML Seek to Block Nikon Cameras From U.S. Market
- CO FP : Via Varejo stake sale to be postponed - O Estado de Sao Paulo
- CCH LN : Coca-Cola Bottling Company UNITED buys eight distribution territories, two factories from The Coca-Cola Co.
- DAI GY : Mercedes Recalling Some Vehicles in U.S. for Seat Belts: NHTSA
- DRX LN : Drax ‘Increasingly Investable,’ Double-Upgraded at Jefferies
- DSM NA : DSM 1Q Adjusted Ebitda 345 Million Euros, Beating Estimate
- DUFN VX : Dufry 1Q Org. Growth 7.2% vs 5.6% in 4Q, Boosted by U.S., U.K.
- FUR NA : Fugro 1Q Revenue EU376.7m
- GALP PL : Galp 1Q Adjusted Ebitda Misses Est.
- GEBN VX : Geberit 1Q Misses Estimates, Sees Favourable Construction in ’17
- GPRO US : GoPro Falls as Bullish Forecasts Fail to Convince Analysts
- ISP IM : Italy May Hold More Than 70% in Veneto Banks After Merger: Sole
- CHOO LN : Coach Said Considering Takeover of Jimmy Choo: Telegraph
- LIN GY : Praxair CEO Angel has $37M Parachute in Linde Deal: Spiegel
- LIN GY : Linde-Praxair Merger Talks Could Take Until June: Handelsblatt
- LUX IM : Luxottica 1Q Net Sales Meet Est., FY Outlook Confirmed
- LUX IM : Luxottica 1Q Rev. Soft, Improving Trends May Be Supportive: RBC
- MKS LN : Marks & Spencer, Ocado Said Eyeing Delivery Tie-Up: Telegraph
- OCDO LN : Marks & Spencer, Ocado Said Eyeing Delivery Tie-Up: Telegraph
- OERL SW : Oerlikon Raises Full-Year Guidance as 1Q Orders Jump 21%
- OHL SM : OHL Reaches Agreement With Unions Over Job Cuts: Filing
- PLT IM : Parmalat Buys Dairy Cos. in U.S. for ~$130m Enterprise Value
- UG FP : French New Car Registrations Fell 6% in April to 171,879
- POM FP : Plastic Omnium Aims to Double Chinese Sales by 2021: Investir
- RNO FP : French New Car Registrations Fell 6% in April to 171,879
- RNO FP : Nissan N. America Recalling Certain LEAF, Sentra Vehicles: NHTSA
- RKET GY : Rocket Internet Plans Fintech, Insurance Businesses
- S32 LN : South32 Sensible to Agree Deal on Arizona Zinc Project, RBC Says
- SAP GY : Siemens, SAP Sign MoUs to Aid Saudi Digitalization: Reuters
- SDRL NO : Seadrill to Sell 3 Jack-Ups for $225m to Shelf Drilling
- SIE GY : Siemens, SAP Sign MoUs to Aid Saudi Digitalization: Reuters
- STM FP : Semiconductor Stocks Fall Amid Intel Data Center Revenue Miss
- SZU GY : Swiss to Discuss Sugar Tax in Parliament in Coming Weeks: SamW
- TCG LN : Thomas Cook to Buy Kuoni’s Destination Mgmt Specialists Network
- TWTR US : CEO Dorsey bought 574K at $16.62 on 4/28 - CEO's stake now totals just over 16M shares
- UBSG VX : UBS, BNP, RBS Said to Get Subpoenas in U.S. Treasuries Probe
- VOW3 GY : VW Triples Electric-Car Budget to $9.8b for New Auto Era
- VOW3 GY : VW Open to Widen JV for EV Charger Network: Automobilwoche