US Market closed higher leaded by small cap again, Cyclical sectors were responsible for the bulk of the advance as all six growth-sensitive groups ended in the green while health care (+0.2%) was the lone gainer on the countercyclical side...Energy & Materials Outperformed also...Tech underperform...Volume were below average @755mil shares...VIX @ 12.47 -2.96%...US After Hours TLYS +20.5%, PSUN +11.8%, AVGO +6.3%, ARO -2.5%, GES -0.1% following earnings/guidance; ARRY +22.8% (Array to Regain Worldwide Rights to Binimetinib From Novartis)... Shanghai Composite continued to trade higher today, reaching a fresh 42-month high. Brokers led the gains, with China's largest broker CITIC Securities traded higher by 10% at limit. Major energy names also soared, with PetroChina higher by over 8% and Sinopec up by 7% on recovering oil prices. Trading volumes cooled down a bit after hitting fresh record highs overnight...Brazil central bank raised its Selic target rate by 50bps to 11.75%, as expected by a narrow majority of analysts. This marks the 10th rate hike in Brazil tightening cycle since April 2014, and the second hike after the Presidential elections...Volatility in other USD majors is subdued ahead of the ECB rate decision later today. Market generally expects ECB to hold off on expanded QE. ECB chief Draghi is however likely to convey a more dovish tone at the press conference amid lower inflation expectations, and also reiterate that the central bank is prepared for unconventional measures...Nikkei +0.94% Hang Seng +1.51% Shanghai +3.94%
Eur$ 1.2305 S&P +0.07% EuroStoxx Dax SMI
Macro :
- Beige Book: Economy Kept Growing Oct.-Nov., Helped by Job Gains
- Inversion Measure May Save $33b in Tax Revenue: U.S. Panel
- Merkel Ally Soeder Says ECB Playing ’Dangerous Game’: Merkur
- Saudi Arabia Said to See Oil Stabilizing Around $60/Barrel: WSJ
- Netanyahu to Push for Zero VAT on Food Items: Calcalist Link
Keep an eye on :
- Oil : PetroChina Set for Biggest Gain Since Sept 2008 as Sinopec Jumps CNOOC(883) +4.2% Sinopec (386) +7.92%
- Luxury : Prada(1913) -1.55%, Hengdeli -0.7%
- Auto : Brillance -0.64%, Nissan +1.70%, Takata(7312) -3.3%
- AIR FP : Airbus Sees First Order for Longer-Range A321neo in Dec.: WSJ
- ALIV SS : Autoliv to Supply Replacement Airbag Inflators to Honda -->+3.2% in NYC (Takata -3.3%)
- AREVA FP : Areva Announces Death of CEO Luc Oursel
- OLE SM : Deoleo Board Says Ole Price Offer Is Attractive for Investors
- FTSE Index : IMI, Petrofac deleted, BArrat Developments & Taylor Wimpey added
- GSZ FP : French Gas Prices Are Set to Increase 1.8% From Jan.: Figaro
- HAW GY : *HAWESKO REJECTS TAKEOVER OFFER
- LHA GY : Lufthansa Pilot Strike May Cost German Economy EU25m Daily: Bild
- LUX IM : Luxottica May Bring in Sky Italia CEO as Board Member: Sole
- MALA FP : Grand Marnier denies plans to sell control of company - Press Release
- MAN GY : MAN Plans Shortened Work Hours for Munich Plant: Sueddeutsche
- MS IM : Mediaset's EI Towers Working on EU230m Bond Buyback: Corriere
- MERL LN : Merlin Entertainments Holders Selling 0.8% in Bookbuild
- NOVN VX : Array to Regain Worldwide Rights to Binimetinib From Novartis
- ONTEX BB : Whitehaven B Selling 9.8m Shares in Ontex Group, Terms Show
- VAC FP : Pierre & Vacances in Talks on Chinese Partnership, Echos Says
- RIO LN : Rio Tinto CEO Says Glencore’s Culture Not a Fit, AFR Reports
- RBXD LI : Germany Bars Imports Into Europe of Ranbaxy Antibiotic
- SAN FP : Sanofi Sued by Whistle-Blower Over Alleged Kickbacks: CNBC
- VOD LN : Vodafone CEO Said to Play Down Liberty Bid to Holders: Telegraph
- MF FP : Wendel Says Binding Offer Values CSP Technologies at $360m