Dow-0.03% S&P+0.06% Nasdaq -0.11% Russell -0.28%
US Market closed near the flat line. On the political front, House Speaker Paul Ryan announced on Thursday that tax reform and infrastructure bills, two key policies that fueled the post-election rally, will have to wait until the spring due to budgetary restrictions. For now, the new administration's focus will be health care reform. The news did not invite an immediate response from the market, but it could lead to some anxiety as it appears that traders will have to wait a little while longer for validation of the post-election rally. On the upside, consumer staples (+0.8%) finished near the top of the leaderboard. The sector profited from positive reactions to quarterly reports from Estee Lauder (EL 82.00, +2.08) and Philip Morris (PM 98.84, +2.89) in addition to a 21.4% spike in the shares of Mead Johnson Nutrition(MJN 84.38, +14.88). The company's huge day came after confirming discussions with Reckitt Benckiser (RBGLY 18.16, +0.64) with respect to its proposal to acquire MJN for $90 per share in cash. The lightly-weighted utilities (+1.0%) and real estate (+1.3%) sectors neighbored consumer staples at the top of the day's standings. However, the two spaces will enter Friday as the only countercyclical sectors holding week-to-date losses. US After Hours PXLW +19%, DATA +16%, FTNT +10% following earnings/guidance, AMGN's Repatha update boosting MDCO +14% / ESPR +9% ... DECK -23%, FEYE -17%, GIMO -16%, GPRO -11.5%, AMZN -4% following earnings/guidance. Asia indices are tracking lower after a neutral day on Wall St where investors await a critical non-farm payrolls report on Friday; Shanghai Composite has returned for trade after a week-long holiday with a slight decline. Of note in China, the PBoC reverse repo operations saw rates rise 10bps across the maturities. BOJ Gov Kuroda: BOJ still has distance to reach inflation target .
Nikkei +0.02% Hang Seng -0.42% CSI -0.73% Shanghai -0.64%
Eur$ 1.0758 CNH 6.8199 CNY 6.8712 GBP 1.2518 CHF 0.9931 RUB 59.2095 WTI$ 53.93 +0.73%
S&P -0.01% EuroStoxx +0.09% FTSE +0.02% DAX +0.05% SMI -0.07%
Macro :
- Trump to Halt Obama Fiduciary Rule, Order Dodd-Frank Review
- Uber CEO Quits Trump’s Business Advisory Council: Recode
- Spotify May Delay IPO to 2018: TechCrunch
Keep an eye on :
- ATLN VX : Actelion’s Uptravi Risk is ’Short Lived’: Piper Jaffray
- AENA IM : Aena to Cut Incentives for Airlines, El Confidencial Reports
- ANDR AV : Andritz Names Mark Von Laer New Chief Financial Officer
- AZN LN : AstraZeneca Patent on Diabetes Drug Onglyza Upheld by U.S. Court
- POP SM : Banco Popular 2016 Net Loss EU3.49B on Real Estate Clean-Up
- BPI PL : Banco BPI Says Four Investors Sued to Block Angola Stake Sale
- CPR IM : Campari Buys Bulldog Gin for $58.4 Million
- CEZ CP : CEZ May Sell Part or All of Skoda Praha Unit: Hospodarske Noviny
- CEZ CP : CEZ Owners May Seek Company Partition, CEO Tells Lidove Noviny
- DENERG DC : Dong Energy Says Goldman Sachs Will Sell More Shares
- FRE GY : Fresenius in Pact to Take 70% Stake in Cura Day Hospitals: AFR
- LOCAL FP : Solocal Sees 2017 Recurring Ebitda Falling to EU210m-EU225m
- MEO GY : Metro 1Q Adjusted Ebit Misses Estimates; Outlook Confirmed
- MMT FP : M6 to Assess Impact of RTL Audit of French Radio Business
- NRG FP : NRJ Group 4Q Revenue Slips 0.9% on Drop in Broadcasting Business
- RLIA SM : Santander, Caixabank, Bankia To Lend EU700m to Realia: Expansion
- RR/ LN : Rolls-Royce Paid $2.1m Bonus Fee for Late Parts, DOD Audit Says
- SAN FP : Regeneron Rises; Amgen’s Repatha Data Provides Read-Through
- SKAB SS : Skanska FY Rev. Misses Estimate, Adjusted Profit Beats
- UCG IM : UniCredit Says Florence Blazy Joins as Senior Banker in Paris
- YTY1V FH : YIT 4Q Rev. Beats Highest Est.; Sees Rev. Growth 0-10% in FY