Dow-0.03% S&P+0.01% Nasdaq+0.33% Russell+0.18% VIX 12.13 (-2.96%)
US Market closed near its flatline after bouncing from its lows. US Market faced some early weakness anf IMF reports on Greece and still some worries in China. Energy sector was busy with a lot of differentiation on numbers MPC-3.4%, COP-1.6% RDS+3.6%, Crude continue to be weak @$48.18 (-0.70%) this morning. Volume were below average @ 770mil shares. Today, Q2 Employment Cost Index will be released at 8:30 ET (consensus 0.6%) while the Chicago PMI for July (consensus 50.5) will be reported at 9:45 ET. The day's data will be topped off with the 10:00 ET release of the final reading of the Michigan Sentiment index for July (consensus 94.0)...Markets are trading mixed early Friday, but volatility is fairly subdued. The macro calendar is broadly in focus as a number of data points were released from Japan, Australia, New Zealand and South Korea generated mixed takeaways. The yen turned higher following an uptick in Japanese June inflation, while the kiwi weakened after New Zealand business confidence slid to a six-year low. Chinese shares are lagging the region despite the CSRC announcing 24 trading accounts had been suspended for irregularities, as well as launching an investigation into automated trading. Financials are supporting the ASX 200, while Korea is under pressure amid mixed industrial production data.
Nikkei-1.24% Shanghai+0.12% Hang Seng+0.10%
Eur$1.0940 JPY 124.04 GBP 1.5609 EURCHF 1.0581 RUB $59.6944 WTI $48.20 ()-0.66%
S&P -0.01% EuroStoxx +0.28% Dax+0.25% SMI+0.37%
Macro :
- *CHINA TO ISSUE $160B BOND PROGRAM TO FUND INFRASTRUCTURE: RTRS
- China Vehicle Sales Will Follow Stocks Lower, Dealer Group Says
- Greece Capital Market Commission chief Botopoulos: To reopen Athens Stock Exchange on Monday, Aug 3rd - Greek press
Keep an eye on :
- AH NA : Ahold/Delhaize Said to Pay Advisers >EU80m in Fees: Telegraaf
- AIR FP : Airbus 2Q Profit Beats Est; FY Guidance Confirmed
- AKE FP : Arkema 2Q Ebitda, Rev Beat; Sees 2015 Ebitda Slighty Above EU1b
- AMS SM : Amadeus 1H Net EU390.5m vs EU354.9m a Year Earlier
- MT NA : ArcelorMittal 2Q Ebitda Beats; Maintains FY Forecast of $6b-$7b, Sees No Growth in 2015 Global Steel Use
- BBVA SM : BBVA 2Q Net EU1.22B Beating EU937.4M Estimate
- BNP FP : BNP Paribas 2Q Net EU2.56b vs Loss EU4.22b; CET1 Ratio 10.6%
- POP SM :
- EN FP : Bouygues Consortium Signs EU2B Monaco Contract, Echos Says
- CABK SM : CaixaBank 2Q Net EU333M in Line With EU334M Estimate
- CA FP : Carrefour 1H Recurring Oper. Income Up 1.3%, Keeps Outlook
- CCH LN : Coca-Cola Enterprises Said in Advanced Talks to Combine: WSJ Link : http://on.wsj.com/1M0KmOM
- CHW LN : Providence, WPP to Buy Chime for GBP374m or 365p/Share
- COFB BB : Cofinimmo 1H Adj. EPS EU3.35 vs Est. EU3.12
- DGE LN : WSJ Article on Growth strategy in Africa - sent by bbg - Link : http://on.wsj.com/1h9M17B
- EDP PL : EDP 1H Net Income Falls 7% Y/y to EU587m vs Est. EU472.9m
- RF FP : Eurazeo 1H Net Income EU1.27b Vs Proforma Net Loss EU31m
- FER SM : Ferrovial 1H Net EU267.1M Versus EU168.4M a Yr Earlier
- FCC SM : Spain’s FCC 1H Ebitda EU369.7m vs Est. EU388.5m
- GEO IM : Geox 1H Ebitda Up 28%, Confirms 2015 Outlook
- GMM GY : Grammer 1H Ebit EU24.6m Vs EU30.9m Y/y Due to Decline in Demand
- IDR SM : Indra 1H Net Loss EU435.7m vs Eu60.3m A Year Earlier
- IHG LN : Intercontinental Hotels Says Not in M&A Talks With Starwood
- IPN FP : Ipsen Raises 2015 Targets Due to Strong Somatuline Performance
- MMB FP : Lagardere 1H Sales Up; 2015 Recurring Ebit Growth Target Raised, 1H Solid, Broadly in Line, Barclays Says; Equal Weight
- KN FP : Natixis 2Q Net EU450m; Est. EU418m
- MS IM : Mediaset 1H Rev. Flat; Still Difficult to Make FY Forecast, 2Q No Ad Outlook Forecast May Mean Downgrades: Nomura
- OR FP : L’Oreal 2Q LFL Sales Growth Misses Ests., Oper. Profit In Line, Agon Blames Brazil for Slower 2Q Growth: Le Figaro
- PSON LN : Pearson to Put Some Proceeds From FT Sale Into Digital Ed: CEO
- PROX BB : Proximus Raises Rev., Profit Forecasts as 2Q Adj. Ebitda Beats
- FP FP : GBL Sells Forward ~EU500m Total Stake ; 1H Cash Earnings Up 6.3%
- UCB BB : UCB Raises Forecast for FY Rev. to EU3.65B-EU3.75b; Est. EU3.65b
- UMI BB : Umicore Narrows Forecast Range; 1H Adj EPS EU1.20 vs Est. EU1.04
- USG NA : USG People 2Q Rev. Beats Est.; Sees Positive Trends Continuing
- VK FP : Vallourec 2Q Ebitda Beats; FCF Positive; Rest of 2015 Difficult
- DG FP : Vinci 1H Rev. Beats, Sees Drop in 2015 Consolidated Rev.
- WAF GY : Siltronic 2Q Sales +17% EU247m; Sees Higher 2H Investmnents
- YOOX IM : Yoox 2Q Rev., Ebitda In Line With Ests.