US Market closed lower on Mix note, VIX @ 13.76 -3.3% ...AAPL -2.2%...Fed's Plosser (a hawkish FOMC voter )surmised the Fed may accelerate the pace of taper to as high as $25B/month. Separately, JPMorgan economists expect $10B/month pace to run the course of the entire taper, with the end of QE3 coming some time in November.. Asian markets are under pressure again. Shanghai Composite is down nearly 2% in the afternoon session, with losses coming in the wake of another multi-month low PMI. HSBC services PMI marked the slowest expansion in 28 months amid "slower new business growth". Chief economist did note that the steady expansion of manufacturing sectors would ultimately support service sector expansion. Separately, Moody's reflected on the findings of China's National Audit Office (NAO), noting the high level of local govt debt does pose some risk to the central govt, but also stating the "local and central government debt is rising relatively moderately as a share of GDP." Moody's added that thedebt volume increase to 37.1% of GDP in June 2013 from 34.1% in 2010" is "still manageable" even under base assumption of 7% annual GDP for the next 5 years...Shnaghai -2%...In Japan, Tokyo returned after 4-day holiday to more profit-taking by yen sellers, falling about 2% on the day. Yen pairs are down sharply, even Nikkei survey projects the local equity indices to be at the forefront of regional markets again in 2014...Nikkei -2.35%
Eur$1.3579 S&P Fut -0.03% European Fut -0.20%
Note AUSTRIA, FINLAND, SWEDEN, GREECE & POLAND mkts CLOSED today
Keep an eye on :
- ALFA SS : Alfa Laval 4Q Large Order Intake More Than Tripled Prior Year
- CEY LN : Centamin Says 4Q Gold Output Rose 7% y/y; FY Beats Forecast
- CKN LN : Clarkson 2013 Performance to Be Ahead of Mkt Expectations
- DB1 GY : Deutsche Boerse AG German Hesse Premier said tobin tax is not likely to be implemented
- EDF FP : EDF EN, Alstom Plan Wind Unit Offshore St Nazaire, Echos Says
- ENI IM : Shre buyback program start today
- MGGT LN : Meggitt Appoints David Johnson as Chief Operating Officer
- ONGC IN : ONGC Raising $4b to Fund Mozambique Acquisitions, Garg Says
- PURE LN : PureCircle Sees 1H Sales Growth of 31% to $34.7m, Expects Profit
- TEF SM : Telefonica Has Not Formed Vehicle to Buy TIM Brazil
- FR FP : Valeo Acquires Osram’s Stake in Valeo Sylvania for $104m
- Gartner Says IT Spending Across All Segments to Grow in 2014