Dow-0.07% S&P-0.03% Nasdaq -0.12% Russell +0.17%
US Mkt closed slightly lower. Five cyclical sectors ended in negative territory, which overshadowed solid gains among lightly-weighted countercyclical groups like utilities (+1.3%), real estate (+0.9%), and telecom services (+0.4%). To be fair, the influential health care sector (+0.1%) also registered a modest gain, but biotechnology could not keep up. Energy (-0.2%) retreated amid a 0.6% decline in crude oil, which slid to $53.74/bbl after yesterday's bearish reading of the API inventory report was confirmed by today's data from the EIA. Financials underperformed also. Volume remained lights wit less than 700mil shares traded. US After Hours MYL +2% on generic Concerta launch news... INNL down nearly 50% after FDA rejected its XARACOLL application. Nikkei225 underperforms yet again as profit-taking in USD/JPY continues; USD falls to 2-week lows against JPY and EUR - the move against the latter particularly abrupt with about a 150pip spike to 1.0650 during the most illiquid early part of the Asia session. No specific catalysts for the move cited by dealers outside of algo-driven buying. China regulators called for tighter criteria on investment in insurers. local press also speculated the govt could further raise coal and steel capacity reduction goals by 10% in 2017 after completing initial 2016 targets ahead of schedule. Toshiba bounced after about a 40% plunge this week; Nomura says the US nuclear ops writedown is priced in.
Nikkei -0.16% Hang Seng +0.96% CSI +0.36% +0.25%
Eur$ 1.0533 CNH 6.9732 CNY 6.95 JPY 116.81 GBP 1.2275 CHF 1.0193 RUB$60.6020 WTI$ 54.02 +0.46%
S&P +0.23% EuroStoxx +0.03% FTSE -0.02% Dax +0.10% SMI +0.11%
Macro :
- Italy Wins EU Nod to Extend Bank Liquidity Program
- Italy Antitrust Chief Urges EU States to Combat Fake News: FT
- U.K. to Ask for Central Role in Europol After Brexit: Telegraph
- French Court Bans ‘Google Tax’ Measure on Diverted Profits
Keep an eye on :
- ATLN VX : J&J Said to Discuss Breakup of Actelion in Acquisition: Reuters
- DBK GY : Deutsche Bank Robo-Adviser Has Fewer Than 100 Customers: Spiegel
- DNB NO : DNB CEO Bjerke Says Consumer Debt Growth Rate Unhealthy: DN
- ENI IM : Eni Shuts Goliat Production After Damage to Offloading Hose
- FCA IM : Fiat Said to Be Developing Autonomous Vehicle: The Information
- FCT IM : Vard Rises Back to Fincantieri’s Delisting Price on Extension
- HMSO LN : Hammerson Sells 50% of Watermark Development to GIC for GBP48.5m
- MYL US : Mylan Rises Post-Market on U.S. Release of Generic Concerta
- RBS LN : RBS Shareholders Urge Bank to Create Investor Committee: FT
- REP SM : Repsol in Talks to Sell Algeria Well Stake: El Economista
- ROG VX : Roche Gene-Sequencing Acquisition Founder Accused in Patent Suit
- SCYR SM : Sabadell Becomes Sacyr Shareholder With 2.37% Stake: Expansion
- TEC FP : Technip, Venezuelan Firms Picked for Aruba Refinery Job: Reuters