Dow +0.40% S&P +0.64% Nasdaq +0.84% Russell +0.17%
US Market closed on new records levels. Some FOMC members even saw the possibility for more aggressive monetary policy depending on economic growth resulting from the GOP's tax overhaul--which President Trump signed into law two weeks ago. Many Fed officials believe that the tax cuts will boost consumer and capital spending, but there's uncertainty surrounding the magnitude of the growth. Energy shares led the rally on Wall Street as West Texas Intermediate crude futures climbed 2.1% to $61.63 per barrel--which marks their best close since December 2014. Anti-government protests in oil-rich Iran helped fuel the commodity's advance, even though the demonstrations aren't expected to affect production. The S&P 500's energy sector added 1.5%. INTC shares lost 3.4% in reaction to reports that a design flaw in Intel's processor chips has forced a significant redesign of kernels for the Windows and Linux operating systems. Intel issued a statement refuting the claims in the late afternoon, which helped INTC shares pare some of their losses. Only three of eleven sectors finished the midweek session in the red--consumer staples (-0.1%), utilities (-0.8%), and telecom services (-2.2%)--but their impact was modest as they comprise just a little more than 10.0% of the broader market combined. US After Hours ZUMZ +15.4%, RAD -6.6%, TSLA -2% following earnings/guidance/sales updates... INTC -1.1% continued weakness despite hosting call to discuss reports of new security research findings. Asian stocks headed toward fresh historic highs, with Japan’s markets coming back from New Year holidays to see solid gains in the wake of U.S. records. Oil rose, while gold slipped. Chinese stocks rose after a gauge of services industries indicated a pick-up in growth last month. Further non-manufacturing purchasing-manager indexes are due from other key economies Thursday. The global data highlight for the week is set to be Friday’s monthly U.S. jobs report, which is forecast to show that unemployment held at 4.1 percent last month.
Nikkei +3.26% Hang Seng +0.63% CSI +0.30% Shanghai +0.32% Shenzen +0.25%
Eur$ 1.2027 CNH 6.50 CNY 6.5041 JPY 112.57 GBP 1.3522 CHF 0.9768 RUB 57.2149 WTI$ 62.09 +0.75%
S&P +0.07% EuroStoxx +0.31% FTSE +0.18% Dax +0.38% SMI +0.30%
Macro :
- U.K. Said to Think Barnier Bluffing on No Brexit Deal for Banks
- Pharo’s $4 Billion Gaia Hedge Fund Said to Surge 27% Last Year
- Most Fed Officials Backed Continued Gradual Rate Increases
- London Link May Allow U.K. Stock Trading in China Hours: News
- U.S. Individual Investor Bulls Reach 7-Year High: AAII
Keep an eye on :
- AIR FP : Boeing Is Said to Seek Embraer Control, With Defense Protections
- AZA IM : Lufthansa Seeks Italy Govt Guarantees for Alitalia: Messaggero
- BAYN GY : Bayer Is Said to Have Started Marketing Some U.S. Assets: NYP
- EN FP : To construct Melbourne’S Metro tunnel as a member of Cross YARRA partnership consortium
- CRG IM : Malacalza family now owns 20.6% stake Below the 28% level the Malacalza family could have ended up if it exercised all the rights, a threshold for which even the ECB gave its green light
- DAI GY : Mercedes-Benz U.S. Luxury Auto Sales Rose 10% in Dec.
- GTO NA : Launches the first biometric EMV card for contactless payments
- ISP IM : Intesa Announces Cash Purchase of Ex-Veneto Banks’ Senior Notes
- ML FP : Michelin, Sumitomo to Form North American Replacement-Tire JV
- MUV2 GY : Munich Re Upgraded to Outperform at MainFirst; PT 205 Euros
- NOVN VX : Novartis Gets FDA Breakthrough Therapy Designation for Promacta
- OCDO LN : Ocado Shares Leap Amid Short Squeeze, Positive Online Sentiment
- PHARM NA : Pharming Bondholders Convert EU7.7 Million of Remaining Bonds
- PIX FP : Receives FDA approval to begin human clinical study of its PRIMA sub-retinal implant in the US
- SPOTIFY IPO : TPG, Dragoneer Are Said to Have Sold Some Spotify Stock: Recode
- TSCO LN : U.K. Grocers Likely Saw Mixed Dec., Tesco Best Gains: Jefferies
- TSLA US : Tesla Delays Model 3 Production Goal as Deliveries Disappoint
- TRVX NO : Targovax Says ONCOS-102 Generates Immune Activation in Study
- VIFN SW : Conditional marketing authorization application for treatment of patients with ANCA-associated vasculitis validated for start of procedure by EMA
- WES NA : Mr Jobson Raises Stake in Wessanen to 10.33%: AFM Filing
- WTB LN : BArclays talking of probability of break up scenario