US Market closed Higher with Dow leading the move, defensively-oriented health care (+1.8%) and utilities (+2.1%) finished in the lead, suggesting a lack of strong conviction, stronger Q3 GDP helped the sentiment...Visa (V 236.65, +21.99) soared 10.2% in reaction to a bottom-line beat and news of a $5 billion buyback, Mastercard(MA) spiked 9.4%...AAPL, FB...MSFT...underperformed..INTC -4%...Indistrial didn't manage to follow the market, UP with +0.4% move...Volume was only 730mil shares...VIX @ 14.52 -4.16%...US After Hours GPRO +15.3%, MELI +15%, GRPN +4.3%, LNKD +3%, AEGR -30.4%, TPX -13.1%, SBUX -4.4% following earnings/guidance...In Japan GPIF approved lifting domestic stock allocation, BOJ announced it would target 80t yen annual expansion in monetary base...In China, PBoC Dep Gov Yi warned that bad debt at China major banks is mounting after several top-tier financials revealed a troubling rise in NPLs earlier this week. CSRC dep chief Yao eased investor concerns however, indicating the recently delayed Hong Kong-Shanghai interconnect trading link is now in the final stages of preparation..Sony reports narrower-than-expected loss in 2Q...Nikkei +4.83%...Hang Seng +1.17%...Shanghai +1.34%
Eur$ 1.2563 S&P +1.13% EuroStoxx +1.92% Dax +2.18% FTSE +1.33% SMI+1.35%
Macro
- BOJ Unexpectedly Targets 80t Yen Annual Expansion in Mon. Base
- GIPF to increase Inv. in equities, 25% domestic Stock allocation
- China Industry Ministry (MIIT): Industrial sector is stable but faces large downward pressure
- Shrinking Chinese bank deposits add to warning signs for economy
Keep an eye on :
- AAL LN : Stock down yest. on potential disap. of Break up details - FT
- ABI BB : AB InBev 3Q Adj. Ebitda Misses Ests., AB InBev Sees 2014 U.S. Industry Vols. Improving
- BME SM : BME 9m Net EU122.2m; Est. EU123m
- BNP FP : BNP Paribas 3Q Net Income Beats Estimates; CIB Pretax Rises 19%
- CRDA LN : Traded higher on potential interest from Evonik
- BN FP : Danone to Invest $566 Million in Chinese Baby Formula Maker , Yahsili traded higher and Reverse gains during the session -8% now (1230 HK)
- ELT NO : Eltek Considers Sale of Co., Has Been in Contact With Parties
- ELE SM : Endesa 9m Net EU1.22b; Est. EU1.18b
- FIS1V FH : Fiskars 3Q Ebit Grows; Starts Share Buybacks, Proposes Extra Div
- FPE3 GY : Fuchs Petrolub Reiterates FY Organic Growth Forecast
- NK FP : Imerys Confirms Full-Year Target as Third-Quarter Net Rises 6.1%
- KPN NA : KPN Must Give Competitors Access to Copper, Fiber-Optic Networks
- KPN NA : KPN Gets Regulatory Approval for Additional 9% in Reggefiber
- LXS GY : Lanxess to Cut Up to 1,200 Jobs, Rheinische Post Says
- LONN VX : Lonza Says Results at End of 3Q Are On Track, Cuts 2014 Rev Goal
- NRE1V FH : Nokian Renkaat 3Q Sales, Profit Miss Ests.; Specifies Outlook
- REC BB : Recticel Cuts Outlook, Sees FY Combined Rebitda Growth Above 5%
- RSTA GY : RIB Software AG 3Q Profit After Tax Almost Trebles to EU8.4m
- SNBN SW : SNB Posts 9M Profit of CHF28.5bm on FX, Higher Gold Price
- SOLB BB : Solvay Cut at Goldman as Lower Oil Prices to Weigh on Business
- USG NA : USG People 3Q Rev. Misses, Sees Recovery in Markets Continuing
- WPP LN : WPP 3Q Sales Beat Estimates, Reaffirms Long Term Targets