Dow -1.07% S&P -0.93% Nasdaq -0.93% Russell -1.43%
US Market closed lower pushed by DBK (-6.6% in NY). OPEC decision helped sentimeng but not enough to push th broader mkt much higher. DBK traded down almost 10% on news of HF reducing their exposure to Dbk. All eleven sectors finished in the red with utilities (-1.5%), financials (-1.5%), and health care (-1.8%) underperforming while energy (-0.1%) led to the upside. . NXP Semiconductor (NXPI 96.12, +13.88) rallied 16.9% after reports indicated that Qualcomm (QCOM 67.45, +4.00) could be looking to acquire the company.Volume were above average with 971mil shares . US After Hours COST +2% following earnings, MENT +6% on Elliot active stake news, WMT +0.5% with Costco/analyst initiation... CAMP -13% on earnings/guidance, THLD -70% discontinuing Tarloxotinib Program/cutting staff news. Sentiment in Asia is cautious with the focus shifting from rallying energy on OPEC output cut to financials as Deutsche Bank bears the brunt of liquidity concerns; Late in US session, equities swung sharply lower after reports that 10 hedge funds have reduced exposure to Deutsche Bank and clients have reduced collateral on trades; DB spokesperson confident that majority of trading clients understand group has stable financial position. China Caixin Manuf PMI in expansion for the 3rd straight month and in line with consensus. China markets will be closed until next Monday for Golden Week. Japan inflation data show continued deterioration despite the rebound in the energy market. BOJ summary of opinion for most recent meeting stresses flexibility - will inspect yield curve shape at every meeting and not attached to the current 10-yr JGB yield of near zero.
Nikkei -1.47% Hang Seng -1.42% CSI +0.32% Shanghai +0.16%
Eur$ 1.1217 CNH 6.6796 CNY 6.67 JPY 101.06 GBP 1.2959 CHF 0.9660 RUB$ 63.1197 WTI$ 47.49 (-0.71%)
S&P -0.39% EuroStoxx -1.60% Dax -1.55% FTSE -0.94% SMI -0.98%
Macro :
- MSCI Continues to Monitor Development in China A Shares Market
- U.S. Seeks Joint Settlement of Banks’ Mortgage Claims, FT Says
Keep an eye on :
- ABBN VX : ABB Completes Share Buyback Program, Bought ~$3.5b of Shares
- AIR FP : Airbus Group Likely to Merge With Main Planemaking Unit: Reuters
- AIR FP : Boeing Said Near Widebody Jet Sale to Qatar Air After F-15 Deal
- AAPL US : Apple Pay to Start Working in Russia in October, Vedomosti Says
- AREVA FP : Areva Won Several Contracts Valued at More Than EU5b
- BPM IM : BPM May Not Pay Back Shrs Subject to Withdrawal Rights: Radiocor
- DBK GY : Deutsche Bank Liquidity Stable, Bolstered by ECB, Goldman Says
- DBK GY : Deutsche Bank Says Prime Brokerage ‘Still Very Profitable’: CNBC
- DBK GY : Deutsche Bank Dec. $8 Puts Most Active vs Shares at $11.48
- DBK GY : Some Deutsche Bank Clients Want ‘Triparty’ Credit Deals: CNBC
- ERICB SS : Sweden Wants Ericsson to Clarify Plans for Sweden, DI Reports
- ERF FP : Eurofins Buys Megalab in Spain for About EU40m
- GLEN LN : Glencore’s Chemoil to Retire $71m+ in Renewable Energy Credits
- INGA NA : ING Said to Cut Thousands of Jobs, Financieele Dagblad Reports
- DEC FP : JCDecaux Unit Gets 20-Yr Tokyo Advertising Bus Shelter Contracts
- KER FP : Kering Names Beretta Chief Client, Marketing Officer
- RBI AV : Raiffeisen May Want to Extend Deadline in Polish Unit Sale:Rp.pl
- RNO FP : Ghosn: Renault to Sell Well Over 3M Cars This Year: Echos
- REP SM : Sacyr Hedges 20m Repsol Shares Through Derivatives Contract
- SFL US : Ship Finance to Offer $200m in Convertible Notes
- GLE FP : SocGen Deputy CEO Not Afraid of Adjustments Banks May Need
- TKA AV : America Movil Won’t Restructure Telekom Austria for Now: Presse
- TKWY NA : Takeaway.Com Sets IPO Price at EU23/Share; Trading Starts Friday
- TEF SM : Telefonica Calls Off Telxius IPO Due to Market Valuation
- VIV FP : Vivendi Says Would Like to Be Represented on Ubisoft Board