Dow +0.60% S&P +0.85% Nasdaq +0.85% Russell +0.53%
US Market Closed higher for the first session of the year. Upbeat economic data from China helped sentiment. Ten out of eleven sectors ended the day in positive territory with health care (+1.4%) and telecom services (+1.9%) climbing into the lead as the broader market retreated during the late morning. Energy (+1.2%) backed off its opening high, but still ended comfortably in the green even though crude oil surrendered a big gain to end lower by 2.6% at $52.33/bbl after climbing above $55.00/bbl in overnight action. utilities sector (-0.3%) was the lone decliner, spending the day in negative territory even as intraday demand for Treasuries pressured yields off their overnight highs. The 10-yr note ended flat with its yield at 2.45%. Volume were above average with more than 1bil shares traded. US After Hours CBAY +47% after landing gout license deal; SHAK +5%, CC +2%, IDXX +0.5% higher on index change news... AGRX -72% on Twirla update, TSLA -2% after missing delivery targets. Asian equity markets are little changed despite the decisive bounce on Wall St, consolidating recent gains; Nikkei225 is an outsized gainer as it finally returns from holiday, thanks to catch-up buying and weaker JPY. USD strength remained among the dominant themes in early 2017; USD/JPY tested above ¥118 handle, while EUR/USD broke below $1.0350. China officials increasingly more concerned over one-way Yuan depreciation, with speculation the govt may look to be more proactive in curbing outflows. PBoC adviser has warned that corporates could start to buy FX to repay debt before it is due on expectation of rising exchange rates; China govt was also reported to have conducted stress tests to assess scenarios around the yuan and capital outflows this year. BOJ Gov Kuroda reiterated commitment to the central bank's easing program, expressing confidence that more progress on reaching 2% inflation will be made this year; Separately, Japan final Dec Manuf PMI confirmed 4th month of expansion thanks to stronger growth in both production and new orders.
Nikkei +2.51% Hang Seng -0.29% CSI +0.59% Shanghai +0.54%
Eur$ 1.0406 CNH 6.9374 CNY 6.9551 JPY 118.03 GBP 1.2247 CHF 1.0280 RUB 60.90 WTI$ 52.71 +0.75%
S&P +0.12% EuroStoxx +0.33% Dax +0.25% FTSE +0.26% SMI +0.82%
Macro :
- Infrastructure Spending, Taxes Top Deutsche Bank Worries List
- China Said to Consider Options to Back Yuan, Curb Outflows
- Asia’s Richest Families Are Abandoning ‘Complacent’ Hedge Funds
- China Said to Consider Options to Back Yuan, Curb Outflows (2)
Keep an eye on :
- ABI BB : AB InBev Investor Bevco Buys EU47.7m of Brewer’s Stock
- AC FP : Choice Hotels, Marriott Fall Amid Hilton’s Spinoff, Hilton Spinoff HGV May Trade at Premium in Regular-Way: SunTrust
- AZA IM : Alitalia Plans EU1.1B Loans, Cuts to Avoid Failure: Messaggero
- BINCK NA : Old Mutual Reports Higher BinckBank Stake of 5.62%: AFM Filing
- BWO NO : Bw Offshore Sees Settlement for FPSO Cidade De Sao Mateus
- DIS US : Disney Studios Ends Year With $7.605b in Global Box Office Gross
- FCT IM : Fincantieri Bid for STX France Approved by S.Korea Court: Echos
- GYC GY : Grand City Targets MDax Listing by End-2017: Boersen-Zeitung
- IAG LN : British Airways Cabin Crew Plans 48-Hr Strike From Jan. 10: PA
- ISP IM : Intesa Sanpaolo Says It Underwrites Glencore-Qatar Rosneft Deal
- MC FP : LVMH’s Zenith Says CEO Magada Leaves, Biver Takes Over
- NXT LN : Next CEO Expected to Be ‘Downbeat’ in Trading Update: Sky
- SAN FP : Sanofi Loses Bid to Overturn Amgen PCSK9 Patent Verdict
- SAN FP : Sanofi losed bid to overturn Amgen PCSK9 patent verdict, REGN -3.1% AMGN +1.4% in after hours
- SAN FP : Sanofi Soliqua 100/33 Diabetes Treatment Now Available in US
- SLIGR NA : Sligro 2016 Revenue Matches Estimates, 4Q Sales Increase
- STL NO : Statoil to Drill 30 Exploration Wells in 2017, DN Reports
- SYNN VX : ChemChina, Syngenta Request Extension of EU Review to April 12
- TSLA US : Tesla Drops 1.6% Post-Market; 4Q Deliveries Below View
- TOM2 NA : Intel to Buy 15% Stake of HERE Mapping Venture
- TRI FP : Trigano Buys Auto-Sleepers Investments; No Price Given