Dow +0.26% S&P +0.08% Nasdaq +0.30% Russell +0.11%
US Market manage to close higher after opening on lows pushed by geopolitical tension and lower $. Dow component Untied Technologies (UTX 118.70, +3.37) also bolstered the industrial group, jumping 2.9%, following a Wall Street Journal report that the company is nearing a deal to buyRockwell Collins (COL 130.74, +2.75) for a price of up to $140 per share. WTI crude futures moved lower, dropping 0.3% to $46.22/bbl, amid concerns about near-term demand following the closure of many oil refineries along the Texas coast. Meanwhile, RBOB gasoline futures climbed 1.3% to $1.64/gallon. CBOE Volatility Index (VIX 11.76, +0.44) held a huge gain of around 27.0% early on Tuesday morning, but trimmed that gain to 3.8% by the closing bell. US After Hours AVAV +9% higher and SCSC -4%, HRB -3.5%, OLLI -3% lower following earnings/guidance. Asian equity markets opened mixed but mostly higher, as action on North Korea so far has been restrained from the global community. China Foreign Min Wang said China will ‘fully and completely’ abide by UN Resolutions but was not in favor of unilateral sanctions against North Korea. China yuan rose to a 14-month high to 6.5813, in its 4th consecutive day of gains, feeding off weaker USD, with risk off sentiment trickling back into the market. PBOC OMO drained a net CNY100B v injections the last several days. China can meet its 2017 targets on GDP, employment, inflation, fiscal revenue and trade, it may struggle to achieve investment and foreign investment goals. (He Lifeng)
Nikkei +0.75% Hang Seng +0.92% CSI +0.05% Shanghai +0.02% Shenzen +0.31%
Eur$ 1.1971 CNH 6.5860 CNY 6.58519 JPY 109.77 GBP 1.2927 CHF 0.9553 RUB 58.8017 WTI 46.31 -0.28%
S&P +0.10% EuroStoxx +0.65% Dax +0.57% SMI +0.49% FTSE +0.36%
Macro :
- Macron Approval Rating Drops 11 Pts to 43%: BVA Poll in Tribune
Keep an eye on :
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- IIA AV : Immofinanz: Separation Russia Properties to Be Completed Yr End
- IIA AV : Immofinanz 1H Net Income From Continuing Ops EU113.1 Mln
- LSCC US : Lattice Said to Weigh Seeking Trump Intervention on China Deal
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- PAH3 GY : Porsche to Offer Plug-in Hybrid Version of New Cayenne
- RIO LN : Rio Tinto CEO Says Will Decide to ‘Stay or Go’ on Grasberg Mine
- RTL LX : RTL 2Q Revenue Beats Estimates, FY Outlook Confirmed
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- SAN FP : Sanofi Raised at HSBC on Valuation, Immuno-Oncology a Concern
- TEL NO : Telenor to Buy Back Up to 13.8m Shares via Third Party Program
- TEF SM : Telefonica, Colombia Agree to $2B Capitalization of Telecom Co.