Dow -0.43% S&P -0.65% Nasdaq -0.93% Russell -1.31%
US Market continue to trade lower as US Election take the lead over FOMC. Oil was also a negative catalyst today, EIA confirmed a larger-than-expected build in crude oil inventorie. The energy component settled lower by 2.9% ($45.31/bbl; -$1.37). FOMC opted to leave the target range for the fed funds rate unchanged at 0.25% to 0.50% while stating that the case for moving rates higher had strengthened. Interestingly enough, only two FOMC members dissented at this meeting as Boston Fed President Eric Rosengren rejoined the majority. Tech under pressure before FB numbers. Volume were above average a 970mil shares. US After Hours ZUMZ +10%, WMGI +5%, WFM +5% following earnings/guidance/SSS, IQNT +34% on acquisition news, MSCC +12% on sale speculation... FIT -30%, DPLO -27%, FB -7%, WYNN -6% following earnings/guidance/SSS. Mexican Peso fall and safe-haven JPY / US Treasuries rise as both Fox News and CNN report citing sources that FBI is considering indictment of Hillary Clinton related to her use of private server; "99% confidence" that server has been hacked by 5 foreign intelligence agencies. China Caixin Services PMI hits a 4-month high and Composite a 3-year high; Rate of employment reduction the slowest in 17 months and input prices rise at fastest rate in over 5 years. Hong Kong PMI falls to 3 month low and remains in contraction for 20 straight months.
Nikkei -1.76% Hang Seng -0.17% CSI +0.92% Shanghai +0.75%
Eur$ 1.1124 CNH 6.7688 CNY 6.7590 JPY 102.61 GBP 1.2355 CHF 0.9697 RUB 63.4938 WTI$ 45.66 +0.71%
S&P -0.25% EuroStoxx -0.17% Dax -0.15% FTSE -0.14% SMI -0.36%
Macro :
- SocGen Aims to Limit Market Risks Ahead of US, European Votes
- Switzerland October Consumer Confidence -13 vs Est. -13
- U.S. Individual Investor Bulls at Lowest Since Brexit Vote: AAII
- Fed Fund Futures Pricing Around 78% Odds of December Rate Hike
Keep an eye on :
- ADS GY : Adidas 3Q Operating Profit In Line With Ests., Confirms Outlook Adidas Confirms Outlook, 3Q FX-Neutral Sales Up 17%
- AF FP : Air France Said to Create New Co. for Long-Haul Flights: Figaro
- SPR GY : Axel Springer 9M Ebitda Rises on Continued Growth in Classifieds
- BMPS IM : Atlas Showed Interest for Paschi in Bank Road Show, MF Reports
- CRG IM : Banca Carige Said to Object to ECB Request on NPL Plan: Il Sole
- CSGN VX : Credit Suisse 3Q Net Revenue Drops 9.8%; GM Revenue Down 14%
- DL NA : Delta Lloyd Asked Adviser to Find Other Bidders: Telegraaf
- DBK GY : Deutsche Bank Seen Hardest-Hit by New Capital Rules: Reuters
- DBK GY : Deutsche Asset Management Said to Seek EU1t AuM: Handelsblatt
- DLG GY : Dialog Semi 4Q Rev. Outlook Midpoint Misses Ests.
- DSM NA : DSM 3Q Ebitda Beats Estimates, 2016 Outlook Maintained
- DUFN VX : Dufry Posts Positive 3Q Organic Sales Growth, Rev. In Line
- DRW3 GY : Draegerwerk Confirms 3Q Pre-Released Results; Posts 3Q Profit
- ENGI FP : Engie to Announce Closure of Australia’s Hazelwood Plant: ABC
- EVK GY : Evonik Faces Increasing Methionine Risk, Cut to Hold: Berenberg
- FRA GY : Fraport 3Q Revenue Beats, Raises FY Ebitda Guidance
- FPE3 GY : Fuchs Petrolub 9-Mo. Sales Rise Y/y; Adjusts Guidance Higher
- GFS LN : G4S Raised to Hold at Deutsche Bank, PT 220p
- GN DC : GN 3Q Net Misses Estimates, Revenue Beats; Outlook Maintained
- RMS FP : Hermes 3Q Total, Leathergoods Sales Growth Beats Estimates
- HOT GY : Hochtief 3Q Operational Profit Rises, Confirms Forecast
- INGA NA : ING 3Q Underlying Profit Beats Ests.; CET1 Ratio Rises
- KCO GY : Kloeckner 9-Month Ebitda Doubles; FY Ebitda Guidance Narrowed
- NOVOB DC : Novo Poised for Competition in Hemophilia Market From Roche
- ORP FP : Orpea 3Q Rev. EU725M; Co. Says Will Exceed FY Growth Forecast, Orpea Says It Will Exceed 2016 Sales Target as 3Q Revenue Gains
- QIA GY : Qiagen Plans Restructuring, Hurting 2016 EPS Guidance
- RBI AV : Raiffeisen Landesbank CEO Declines to Head Merged Unit: Presse
- RHM GY : Rheinmetall Raises FY Sales Forecast, 9-Mo Profit Increases
- GLE FP : SocGen 3Q Net Income Beats, Declines 2.4% Y/y; CET1 Ratio 11.4%
- GLE FP : SocGen Aims to Limit Market Risks Ahead of US, European Votes
- SHP LN : Shire Rises; Bernstein Says Roche Has Adverse Events on ACE910
- SOP FP : Sopra Steria 3Q Organic Growth Up 4.7%; Confirms 2016 Forecast
- SCMN VX : Swisscom 3Q Profit Beats Ests.; Keeps Outlook Unchanged
- SREN VX : Swiss Re 3Q Net Better Than Expected, to Buy Back Up to CHF1b
- VIE FP : Veolia 9-Month Rev. Falls, Sees Stable Revenue for FY 2016
- VONN SW : Vontobel Sells 4% Helvetia Stake to Patria
- VOW3 GY : Volkswagen Financial Services Raises Forecast: Boersen-Zeitung
- VOw3 GY : VW Said to Near Agreement on Cost Savings Plans: Handelsblatt