Dow+1,76% S&p+1,44% Nasdaq+1,1% Russell+1,83% VIX @ 17.33 -10.8%
US MArket higher for the second consecutive day, S&P above its 50d MA, Greece news was one of the catalyst with the Crude continiung to trade higher (traded up to $54.14) $ 52.40 this morning. Energy sector was one of the main performesers +2.8%, materials followed the move +2.2%, like cons. disc. +2%...Volume were above average @ 958mil shares...After Hours Summary: ENTR +10%, TTWO +5.7%, DIS +4.2%, EW +4%, MYGN -15.4%, CMG -6.5%, GILD -5% following earnings/guidance...Disappointing PMIs from China and Hong Kong do not appear sufficiently potent to spoil the rally. China HSBC Services hit a 6-month low - tracking a 1-year low in official non-manufacturing figure posted over the weekend. HSBC chief economist noted slower pace of services expansion, reiterating preference for more easing measures to support growth in the coming months. Hong Kong PMI returned to contraction after popping above the 50-threshold for the first time in 5 months in December. HSBC economist stated Hong Kongs economy remains relatively subdued at the start of 2015, with slower growth domestically as well as in Mainland China continuing to weigh on demand...Support for the dovish BOJ camp with press-speculated appointment of QE-friendly Harada to the Board did not materialize in Parliament - presumably due to concern of a political challenge from the opposition. Instead, markets were treated to familiar rhetoric from PM Abe and BOJ Gov Kuroda. Abe said he expects the BOJ to proceed with bold easing policy, but would also contemplate changing Japan law guaranteeing central bank independence if warranted.
Nikkei +1.98% Hang Seng +0.43% Shanghai -0.97%
RUB $64.70 WTI $52.40 EURCHF 1.0602
EUR$ 1.1467 S&P -0.07% EuroStoxx +0.12% DAX +0.22% sMI +0.56%
Macro :
- S&P Cuts Various EU Bank Ratings on Unlikely Govt Support
- HSBC India Jan. Composite PMI 53.3 vs 52.9 in Dec.
Keep an eye on :
- AENA IPO : Aena Says IPO Price Range Increased to EU53-EU58/Share
- AF FP : Air France Postpones Meeting With Works Council Until Feb. 13
- BBVA SM : BBVA 4Q Net EU689M Vs EU849M Loss a Year Earlier
- BKIA SM : Spain State to Take on 62% of Bankia IPO Claims, Mundo Says
- BOSS GY : Hugo Boss 4Q, 2014 FX Adj. Sales, Profit Miss Ests.
- BOTHE SS : Bone Therapeutics Raises EU32.2 Mln in IPO at EU16/Shr
- MT NA : EU Steel Production Capacity Too High, Eder Tells Handelsblatt
- CSGN VX : Credit Suisse Group Cut to Bbb+ From A- by S&P, Outlook Stable
- DBK GY : Deutsche Bank Rating May Be Cut by S&P
- GEA GY : GEA Group 2014 Operating Ebitda Rises
- GJF NO : Gjensidige 4Q Pretax Profit NK1.16b vs Est. NK954m
- HDD GY : Heidelberger Druckmaschinen Posts 3Q Loss, Sees FY Rev. Down ~5%
- HNR1 GY : Hannover Re Says May Exceed 35%-40% Payout; Sticks to 2015 Goals
- KPN NA : KPN 4Q Sales, Ebitda Beat Estimates ,KPN Sees Ebitda Stabilizing as 4Q Sales Beat
- LUPE SS : Lundin Petroleum 4Q Net Loss Wider Than Est., Rev. Misses
- MC FP : LVMH Says Is ‘Relatively Confident’ on 2015, LVMH 2014 Fashion/Leather Organic Sales Beat, Watches Miss
- MHG NO : Marine Harvest 4Q Net NK109.8m vs NK1.29b Y/Y; Plans NK1.20 Div
- MELE BB : Melexis Sees 2015 Sales Growth of 8%-14% Using Stable FX Rate
- MOBB BB : Mobistar Forecast for Stable Ebitda Excludes Cable Offering Cost
- OSR GY : Osram Posts 1Q Loss on Restructuring Charges, Sales Rise
- UG FP : Peugeot in Talks to Buy Mister Auto Spare-Parts Website: Echos
- RNO FP / UG FP : France’s Royal Plans Certification for Clean Vehicles: Parisien
- SCYR SM : Sacyr Seeks Investors to Inject EU300M in Testa: Expansion
- SHBA SS : Handelsbanken Raises Dividend; Names Frank Vang-Jensen CEO
- GLE FP : Societe Generale to Exit Brazilian Consumer-Finance Activities
- SKY LN : Ofcom to Reject Bid to Block Premier League Auction: Telegraph
- SLGP US : Valeant Said to Explore Takeover of Salix Pharma
- SCOR FP : Scor, Alleghany Weighing Bids for PRE: Insurance Insider
- SIE GY : Siemens May Cut 5,000 to 10,000 Jobs, Handelsblatt Reports
- STO NO :
- SYNN VX : Syngenta 2014 Ebitda $2.93b, Est. $2.86b; Sees ’15 Ex-FX In Line
- FP FP : Total Loses $2B on Each $10 Decline in Oil Prices: Al Hayat
- DG FP : Vinci Gets Services Contract for Queen Elizabeth Olympic Park