US Market Closed Higher despite disap. data, All sectors showed sztrenght but Tech was helped by big names like AAPL +1.8%..defensive sectors like utilities & Telco spent the entire section near flat line...volume were still light @ 532mil shares..lowest volume of the year (533.3 on Jan 3)...VIX @ 11.57 -0.94%...Japan data were mixed with bigger than
expected drop in industrial production balanced by multi-year high CPI figures...In China, the Banking Regulator surmised that the risks in the property sector were controllable, while the PBoC eased up on a trend of softer settings for the currency midpoint rate going into the weekend. On Sunday, China will release its official Manufacturing PMI expected to rise for the 3rd consecutive month...Nikkei -0.16% HS+0.55% Shanghai+0.20%
Eur$ 1.3604 S&P Fut -0.16% European Future Unch - CAC +0.11% ( BNP should be heavily down - shoudl impact CAC)
Macro
- S&P 500, FTSE 100 Year-End Targets Raised at Credit Suisse - S&P 2020 (+5.2% upside) vs 1960 - Ftse 7300 (+6.2% upside) vs 7100 - SX5E 3600 (+11% upside)
Keep an eye on :
- AZA IM : Alitalia/Etihad merger deal only hours away, says Italian Prime Minister
- BNP FP : Justice Dept. Seeks More Than $10 Billion Penalty From BNP Paribas - WSJ
- BOSS GY : Hugo Boss Seeks to Boost Luxury Sales, CEO Tells Handelsblatt
- DAI GY : Super Mario's New Ride Is a Mercedes Benz as Nintendo Expands IP
- DGE LN : Diageo CEO Says Important for Co, Industry to Stay in EU: WSJ
- DTE GY : Deutsche Telekom May Keep Stake After Sale to SoftBank: Reuters
- IHG LN : InterContinental Hotels Cut at SocGen; Good News Priced In
- IHG LN : Activist hedge fund calls on IHG to consider takeover bid
- MAR PL : Martifer 1Q Loss Narrows to EU10.3m Vs Loss of EU14.2m
- NOVN VX : Novartis Must Face Drug Sales Kickback Lawsuit Brought by U.S.
- EGL PL : Mota-Engil 1Q Net Income EU7.3m vs EU5.5m
- QIA GY : Qiagen, Lilly to Collaborate to Co-Develop Companion Diagnostics
- RNO FP : Renault May French Car Registrations Rose 20%, Tribune Says
- RCO FP : BRown Forman rumor - €90/share mentionned refused by families - Daily Mail
- SMDR LN : Cepsa considering €700mil bid for Salamander (500mil for the co +200m debt - so no premium vs yest clos
- SBMO NA : SBM Offshore Has Won No Tenders So Far This Year, Dagblad Says
- SCHP VX : Schindler Sees Extraordinary Profit of CHF75m on Mall Deal in 2Q
- SCVB SS : *SCANIA SAYS VW PROPOSES NO DIVIDEND BE PAID
- SIE GY : Siemens Planning to cut approx 11.6K jobs under cost cutting plan (approx 3% of total workforce)
- GLE FP : SocGen’s Rosbank 1Q Op. Profit EU7m V EU61m in 4Q, Echos Says
- TIT IM : Telecom Italia CEO Patuano Met With GVT Mgmt, Repubblica Says
- TRE SM : Tecnicas Reunidas Wins Contract to Modernize Peru Refinery
- VIV FP : Telecom Italia CEO Patuano Met With GVT Mgmt, Repubblica Says
- VOW3 GY : VW Poised to Accelerate U.S. Product Pace as It Eyes 2018 Goals
- WEIR LN : Could be a takeover target now - GE mentionned as potential suitor (The times & The Telegraph)