Dow +0.10% S&P +0.00% Nasdaq +0.27% Russell +0.02%
US Market closed on a flat note ahead of NFP today. Market opened much lower and clawed back the bulk of today's loss. The energy component ended its session lower by 3.4% ($43.17/bbl; -$1.54), extending its week-to-date loss to 9.4%. The health care (-0.2%), energy (-0.3%), financial (-0.4%), and utilities (-0.4%) sectors rounded out the board while consumer discretionary (+0.2%), telecom services (+0.3%), and technology (+0.4%) outperformed. Volume were below average @ 805mil shares. US After Hours BIIB +1.3% on Aducanumab Fast Track designation... PAY -15%, LULU -9%, AMBA -4%, GPS -2.2%, AVGO -2% following earnings/guidance/SSS. Asian equity markets are flat or slightly weaker, little economic catalysts in the region left traders to shore up positions ahead this weekend's G-20 meeting and US employment data. NFP is expected +175K jobs, after +255K in July. Another positive reading later today, combined with the expected decline in the unemployment rate, will have significant impact on expectations for the timing of a Fed rate hike, either later this month (seen as less likely) or later this year (more widely favored). PBoC Deputy Gov Yi Gang said that the RMB exchange rate basically stable at a reasonable and balanced level, reiterating that China has a policy tool box to keep its currency stable. Yi also said the PBoC will maintain ample liquidity, to implement credit policy to support SMEs, especially agriculture, poverty alleviation and to create modest monetary and financial environment for supply-side reforms.
Nikkei -0.05% Hang Seng +0.41% CSI +0.08% Shanghai -0.12%
Eur$ 1.1197 CNH 6.6890 CNY 6.6792 JPY 103.39 GBP 1.3287 CHF 0.9799 RUB$ 65.8005 WTI $43.40 (+0.56%)
S&P -0.02% EuroStoxx +0.49% Dax +0.37% SMI +0.48%
Macro :
- Emerging-Market Capital Inflows Dip to $24.6b in August: IIF
- Bank Groups Said to Weigh Legal Challenge to Stress Tests: WSJ
- U.S. Steel Falls to Lowest Since July as Automakers Miss Ests.
Keep an eye on :
- AIR FP : U.S. Said Set to Approve $7b Boeing Jets to Qatar, Kuwait: Rtrs
- AAPL US : Apple to Let Users Make Payments Using Siri, Square Cash
- BIIB US : Biogen Gets FDA Fast Track Status for Aducanumab in Alzheimer’s
- BOL FP : Bollore 1H Net, Ebitda Decline on Transport, Logistics Business
- CBK GY : Commerzbank Director Roach Against Deutsche Bank Merger: FAZ
- DBK GY : Deutsche Bank’s Henning Gebhardt to Leave, FAZ Reports
- DTE GY : Deutsche Telekom to Start Mobile Streaming Service: Handelsblatt
- ETL FP : Eutelsat Says Satellite Loss to Cost About EU45-50m on Revenues
- FCA IM : U.S. Feds Probing Messages to Fiat Chrysler Dealers: WSJ
- FCA IM : Italy Stands by Tests Clearing Fiat on Emissions: Official
- ING FP : Ingenico May Move After VeriFone Cuts EPS, Rev. Forecasts --> PAY -15% in After Hours
- EGP PL : Mota-Engil Group Signs Accord to Build, Operate Rwanda Airport
- LLOY LN : Lloyds Is Best Bank to Short Among U.K. Lenders, Bernstein Says
- LULU US : Lululemon Falls 7%; 3Q Adj. EPS May Miss, 2Q Comps W/ DTC Trails
- MMT FP : M6 CEO De Tavernost Says Ad Market Outlook Uncertain: Figaro
- NKE FP : Nike’s Move to Drop Golf Gives Callaway Big Opening, CEO Says
- NOVOB DC : Novo Nordisk Downgraded at Morgan Stanley, Sees Risk to L-T View
- PBR US : Petrobras Could Lose BRL1b If SBM Accord Not Approved: Ministry
- ROG VX : Roche to Cut Up to 190 Jobs in Basel Over Next Two Years
- RKET GY : Rocket Internet 1H Loss EU617M Influenced by Special Effects
- SBMO NA : SBM Says Brazilian Prosecutor Hasn’t Approved Leniency Pact, Petrobras Says SBM Contracts May Continue After Accord Decision
- TERB BB : Ter Beke 1H EPS EU4.16 vs EU2.53 Y/y; Reiterates 2016 Guidance
- PAY US : Verifone Seeing ‘Significant’ EMV Slowdown at U.S. Businesses -->- 15% in after Hours
- UCG IM : UniCredit Mandates JPMorgan to Explore Pioneer Options: Stampa
- VOW3 GY : Volkswagen Likely to Roll Out Recall in India This Mo: CNBC-TV18