Dow +0.12% S&P +0.46% Nasdaq +1.05% Russell +0.55%
US Market closed higher helped by strong economic data (ADP & GDP). Health care sector (+0.6%), which houses biotech names, finished a step ahead of the broader market, near the top of the leaderboard. The top-weighted technology sector (+0.8%) also outperformed, as did the consumer discretionary (+0.7%) and materials (+0.7%) groups. countercyclical sectors underperformed, including consumer staples (unch), utilities (-0.4%), and telecom services (-0.6%). The energy sector (unch), which is considered to be a cyclical group, also struggled as the price of crude oil dropped for the fourth session in a row. US After Hours SCVL +14%, SMTC -12%, BOX -4%, FIVE -1% following earnings/guidance, DRYS down nearly 20% on huge loss/subpoena news. Asian equity markets opened mixed before trading mostly higher on stronger China PMI manufacturing, indicating that the Govt may have more room to continue tightening regulations to curb financial risks. However the services PMI fell putting downward pressure local markets. USD saw moderate strength on positive overnight US data and the resulting weaker yen sent Japan automakers and tech names into the green. As expected BOK left its rate unchanged at record low, saying it is assessing effects of government measures to cool the housing market and a recently introduced fiscal stimulus. Also said they needed more time and data before adjusting GDP forecast. PBOC skips OMO operations with a net drain of CNY100B v yesterday’s CNY10B. The PBOC set the yuan mid-point rate at the strongest setting since June 2016.
Nikkei +0.83% Hang Seng -0.67% CSI -0.61% Shanghai -0.42% Shenzen +0.05%
Eur$ 1.1876 CNH 6.6059 CNY 6.5999 JPY 110.51 GBP 1.2924 CHF 0.9634 RUB 58.5491 WTI$ 45.92 -0.09%
S&P +0.07% EuroStoxx +0.38% FTSE +0.10% DAX +0.40% SMI +0.43%
Macro :
- Trump Warns Congress Not to Disappoint on Tax Reform Passage
- Harvey May Have Solved the U.S. Auto Inventory Problem, RBC Says
- JPMorgan Offers U.S. Debt Ceiling/Shutdown Hedges on S&P 500, EM
- Cancer Breakthrough Heralds New Era of Cures, Costs and Choices
keep an eye on :
- AAPL US : Toshiba Is Said to See Western Digital Best Unit Buyer: Nikkei
- AKE FP : Arkema Sees ’No Way to Prevent’ Explosion at Flooded Texas Plant
- AZN LN : AstraZeneca Made Bid for Daiichi Sankyo Last Yr:Nikkei Business
- ATC NA : Altice USA Names Philippe Le May Chief Technology Officer
- BALN SW : Baloise eying more acquisition in Belgium
- BNP FP : France’s Saur Is Set to Be Put up for Sale: Challenges
- EN FP : Bouygues 1H Net EU240m vs Loss EU28m
- BWO AV : Buwog Gives Forecast for FY18 Recurring FFO of at Least EU125 M
- CA FP : Carrefour 1H Profit Down 12% Ex. Currency as France Margin Falls
- CEC GY : Ceconomy Loss Narrows as Online Business Improves
- FGR FP : Eiffage 1H Oper Profit Up 7.4% to EU727m, Sees Improved Results
- FGR FP : Eiffage Says Would Consider Increasing Stake In APRR, Eiffage in Talks to Buy Saipem Marine Ops
- FUM1V FH : Fortum could be eyeing both Pohjolan Voima and Uniper for acquisition
- MKS LN : Marks & Spencer in talks with Al-Futtaim about possible sale and franchise of Hong Kong and Macau stores
- MEO GY : Metro Sales Beat Analyst Estimates on Currency Tailwinds
- MSFT US : French Govt Claiming EU600M Tax From Microsoft: L’Express
- RI FP : Pernod Ricard Targets Organic Recurring Op Profit Growth 3%-5%
- STR AV : Strabag Sees Construction Output Volume Grow to at Least EU14B
- VAN BB : Van De Velde First Half Basic EPS EU1.50
- VIV FP : Italy Govt to Today Discuss Veto Powers on Vivendi: Sole
- VONN SW : Vontobel Announces 2020 Goals, Targets 50% Payout Ratio