Dow+0.20% S&P+0.41% Nasdaq+0.29% Russell+1.06%
US Market closed higher on better ADP numbers. the Department of Energy's weekly inventory report showed a larger-than-expected crude inventory build (10.4 million barrel build; est 3.6 million). Despite the bearish reading oil managed to rise sharply after the report before ending its day off its best level. WTI crude ended its pit session higher by 0.5% at $34.57/bbl. positive move in oil helped the commodity-sensitive energy space (+2.5%) top the leaderboard as telecom services (+1.1%) and the financial sector (+0.9%) followed. Meanwhile, heavyweights health care (+0.2%) and technology (+0.2%) ended their day off their lows. Volume were in line with average. US After Hours SMTC +11.5%, PSTG +4.1%, PQ -13.3%, HABT -10.5%, SUNE -11.7% following suspension of dividend, SUNE -11.7% suspended dividends on preferred stock. Asian equity markets are modestly higher despite the generally soft services PMI numbers, as continued rebound in oil prices sustain risk-on flows. Despite the build in API and DOE inventories this week, reports of Saudi Arabia considering a $10B international loan - implying kingdom's fiscal strains from low prices - sent WTI crude and Brent toward their highs. Nikkei225 is among the leading indices tracking losses in JPY, as USD/JPY pair rose 80pips from the lows above 114.20. February services PMIs for China, Hong Kong, and Japan came in mixed/lower. China's print slowed to 51.2 from 52.4 and composite PMI returned to contraction of 49.4 v 50.1 prior. ahead of the PMI release, BOJ Gov Nakaso also spoke in favor of the anticipated impact of negative rates on tackling deflation, but added there would a limit on how much further central banks can push rates into negative territory.
Nikkei +1.28% Hang Seng -0.53% Shanghai +0.23%
Eur$1.0859 CNH 6.5433 CNY 6.5438 JPY 114.07 GBP 1.4080 RUB$ 73.2243 WTI 34.66
S&P+0.04% EuroStoxx+0.36& Dax+0.31% SMI +0.48%
Macro :
- Fed Beige Book: Economic Activity Expanded in Most Districts, Fed Beige Book: ‘Big Data’ Helping Emerging Financial Firms
- Saudi Said to Ask Banks to Discuss ~$10b Intl Loan: Reuters/CNBC
- Nikkei India Feb. Composite PMI 51.2 vs 53.3 in Jan.
- France to Relocate Migrant Camp, Woo Bankers If UK Quits EU: FT
Keep an eye on :
- AC FP :Accor, HNA Said to Weigh Bids for Radisson Owner Carlson Rezidor
- ADS GY : Adidas 2015 Div. In Line, Sees 2016 FX-Adj. Sales Up 10%-12%
- AH NA : Ahold 4Q Underlying Operating Income Beats Ests.
- MT NA : Arcelormittal Doesn’t Plan French Output Cuts, CEO Tells Echos
- AKE FP : Arkema Says FY Ebitda Above Guidance, Sees Further Growth in ’16
- SPR GY : Axel Springer 2015 Sales Rise as Strong Classified Ads Jump
- BLT LN : BHP-Vale Mine Reaches Accord to Pay for Brazil Dam Disaster (4)
- CBKSN : CaixaBank Says in Talks With BPI and BPI Shareholder Santoro
- CGG FP : CGG FY Net Loss Worse Than Estimates, Says Weak Start to 2016
- CDI FP : CDI Sees 1Q Rev. $223m-$228m; Single Est. $244m
- DEC FP : JCDecaux 2015 Adj Rev. Up 14%; Sees 1Q Organic Rev. Growth of 9%, JCDecaux Looking at Potential Acquisitions Around World: Co-CEO
- DBK GY : Deutsche Bank Supports Deutsche Boerse-LSE Merger Plan: Cryan
- DEXB BB : Belgium Has Shortlist of Four Candidates for Dexia CEO: De Tijd
- EVK GY : Evonik 4Q Adj. Ebitda Beats; Sees 2016 Adj. Ebitda EU2b-EU2.2b
- FNTN GY : Freenet Acquires Media Broadcast Group, Doesn’t Disclose Details
- GLEN LN : +2.095% in HK
- JMT PL : Jeronimo Martins 2015 Net EU333.3m Vs. Est. EU333.5m
- JUN3 GY : Jungheinrich 2015 Sales Rise 10%, Profit After Tax Up 9.5%
- NG/ LN : U.K. Considering Smaller Role for National Grid: Times
- REP SM : Repsol Has Further Downsizing Coming Up to Tackle Oil Price Rout
- SYNN VX : DuPont Said to Have Mulled Buying All Syngenta in Past: WSJ
- VNA GY : Vonovia 2015 FFO Exceeds Forecast, Confirms 2016 Outlook
- VOW3 GY : Volkswagen Said to Pay 120,000 Workers Bonus for 2015: dpa-AFX