Dow +0.12% S&P +0.13% Nasdaq +0.21% Russell -0.12%
US Market closed slightly higher. Best Sectors Real Estate & Healthcare. Worst : Telco & Energy. Third-quarter GDP was revised up to 3.2% from 2.9% (consensus 3.0%), driven by an upward revision to personal expenditures growth. Separately, the November Consumer Confidence report (107.1; consensus 100.0) soared past estimates, even though the bulk of the survey was conducted amid pre-election uncertainty. WTI crude settled lower by 3.9% at $45.27/bbl, retreating amid headlines with bearish implications. Iranian oil minister Bijan Zanganeh said that his country will not take part in any production cuts. Given similar reluctance among other oil producers, the market is adjusting to reduced hopes for a supply cut being announced after tomorrow's meeting. Intraday trading volume was below average, but final-hour selling brought the NYSE floor total up to 901 million. US After Hours SPLK +5% / GWRE +2.5% on earnings/guidance, KMI +2% on Trans Mountain Project approval... ADSK -1.6% following earnings/guidance. Steven Mnuchin said to be Pres-elect Trump's choice for Treasury Sec; May be formally named as soon as Wednesday - NY Times, Wilbur Ross expected to be named Commerce Sec under Pres-elect Trump. Optimism for OPEC deal in Vienna subsides as Iran and Saudi energy mins remain at odds over output ceiling; Algeria has floated that OPEC cuts production to 32.5M bpd. China regulators curb speculative flows into commodities, sending Dalian Iron Ore into an 8% dive; BHP and Rio Tinto down nearly 4%. Japan industrial output in line with forecasts in Dec; Nov m/m revised much stronger to 4.5% v 2.1% prior.
Nikkei +0.01% Hang Seng +0.34% CSI -0.91% Shanghai -1.21%
Eur$ 1.0640 CNH 6.9002 CNY 6.8851 JPY 112.66 GBP 1.2480 CHF 1.0127 RUB 65.1934 WTI$ 46.07 +1.86%
S&P +0.02% EuroStoxx +0.06% Dax +0.16% SMI +0.05% FTSE +0.03%
Macro :
- Oil Slides Amid Uncertainty Over OPEC Deal as U.S. Stocks Climb
- Italy Stocks Bull at Jefferies Says Buy Ahead of Weekend’s Vote
Keep an eye on :
- AF FP : Air France, Pilots to Hold Talks This Week, AFP Reports
- ATC NA : Altice CFO Says Debt Level Doesn’t Present Risks: Les Echos
- AZN LN : AstraZeneca CEO Sees More Investments Than Savings in Sweden: DN
- BMPS IM : Monte Paschi Said to Say State Aid an Option If Rescue Fails
- BNP FP : French Banks Plan New Senior, Non-Preferred Debt Class: L’Agefi
- CO FP : Casino, Conforama Set Up Joint Co. Dedicated to Intl. Services
- ACA FP : French Banks Plan New Senior, Non-Preferred Debt Class: L’Agefi
- DTE GY : T-Mobile CEO Says Talked ‘Tons’ of Issues With FCC’s Wheeler
- EVH US : Evolent to Offer $110m in Convertible Notes; Shares Down 5.8%
- LIN GY : Praxair Confirms Approach to Linde About Resuming Deal Talks
- LHA GY : Lufthansa Bookings, Capacity Use Drop as Result of Strike: Bild
- OERL SW : Ziegler Resigns From Oerlikon, Schmolz Boards Amid Investigation
- OMV AV : OMV’s Pleininger Doesn’t See OPEC Curb Supply: Handelsblatt
- POP SM : Popular Workers Unions Asks Regulators to Probe Stock Trading
- PNL NA : Bpost May Announce Next Step on PostNL This Week: De Telegraaf
- RKET GY : -2.7% pre open on numbers
- STR AV : Strabag 3Q Adj. Ebit Down 8% to EU169m; Confirms 3% Margin Goal
- TITK GA : Alpha Bank Offering of Titan Cement Shares Prices at EU20.00