Dow +0.04% S&P -0.13% Nasdaq -0.37% Russell -0.60%
US Market closed mixed. After AAPL Earnings buyer turned to GOOG & Chipmakers. Lightly-weighted sectors like real estate (-1.3%), telecom services (-0.6%), and materials (-1.0%) populated the bottom of the day's leaderboard with the weakness in the materials group owed to the commodity market's poor performance; gold (-0.8%), silver (-1.4%), and copper (-4.2%) all settled with solid losses. However, crude oil was able to eke out a win despite the EIA reporting a smaller than expected draw for the week ended April 28 (0.9 million actual vs 2.0 million consensus). The energy sector made the most of the relatively upbeat performance, adding 0.3%. Twenty-First Century Fox (FOX 28.35, -1.50) showed the widest decline, losing 5.0%, while Dow component Walt Disney (DIS 111.62, -2.75) tumbled 2.4%. The remaining laggards--health care and utilities--closed with losses of 0.4% and 0.5%, respectively. consumer staples (+0.1%) and financials (+0.6%) spaces outperformed. FOMC voted unanimously to leave the fed funds target range unchanged at 0.75%-1.00%, as expected, with the accompanying policy statement providing little new information. The market still expects the Fed to raise rates at its June meeting with the CME FedWatch Tool assigning an implied probability of 70.7% to said event. Treasuries settled generally lower with the 2-yr yield (1.29%) and the 10-yr yield (2.31%) adding three basis points apiece. US After Hours DATA +8%, FIT +7%, SQ +5%, AIG +1.4% following earnings/guidance, KPTI +30% on license agreement news... CAKE -8%, CAR -6%, TSLA -2.4%, FB / KHC -2% following earnings/guidance. Asia indices are mixed in the wake of modest gains on Wall St, as surprisingly less cautious than anticipated Fed statement in light of disappointing US economic data of late supported expectations for pre-charted FOMC policy course. In economic data, China Caixin Services PMI hit an 11-month low with its 4th straight sequential decline, as new order rate of growth slowed, employment growth eased to the weakest level this year, backlogs of work fell, and cost pressures eased across all sectors.
Nikkei Closed Hang Seng -0.48% CSI -0.12% Shanghai -0.16%
Eur$ 1.0895 CNH 6.8965 CNY 6.8972 JPY 112.78 GBP 1.2871 CHF 0.9944 RUB 1.2870 WTI $47.64 -0.38%
S&P +0.10% EuroStoxx +0.37% FTSE +.43% Dax +0.29% SMI +0.33%
Macro :
- Bernanke Says Reasonable for Trump to Reappoint Fed Chief Yellen
- Europe Stock Hedges Are Cheap; Buy VStoxx Call Spreads: JPMorgan
Keep an eye on :
- ABI BB : AB InBev 1Q Adjusted Ebitda Misses Est.
- ADS GY : Adidas Confirms Outlook, 1Q Net From Cont. Ops EU455m
- AF FP : Air France-KLM 1Q Net Loss EU216m vs Loss EU155m
- AKZA NA : Akzo Said to Have Hired JPMorgan for Chemical Unit: Telegraaf
- ALO FP : Alstom Profit Rises After Netting 10 Billion Euros in Orders
- AKE FP : Arkema 1Q Net EU137m Vs EU98m
- BMW GY : BMW Leaves 2017 Outlook Unchanged for ‘Slight’ Profit Growth
- BNP FP : Belgium Cuts BNP Paribas Stake With $2.2 Billion Stock Sale (25% of its 10.19% stake), Pricing @ 65.10
- CARLB DC : Carlsberg Has Good Start, Organic Sales Encouraging, Exane Says
- COMB BB : Bois Sauvage to Pay EU0.1m in Settlement With FSMA Over Recticel
- CSGN VX : Credit Suisse 1Q Net Litigation Provisions CHF143m
- BPOST BB : Bpost Affirms Forecasts; 1Q Adj. Ebitda of EU176.9m Misses Ests.
- CBK GY : Commerzbank Shareholders Reject Bid for Shorter Notice Period
- DTE GY : Sprint Falls as Future Hinges on T-Mobile M&A: Street Wrap
- EDP PL : EDP 1Q Net Income EU215m, Est. EU186.4m
- FNTN GY : Freenet 1Q Revenue Beats Highest Est.
- GNFT FP : Banco Popular, Genfit Among Most-Shorted April EU M&A Targets
- GLEN LN : Glencore Said in Talks to Sell Royalties Portfolio: Reuters
- GLEN LN : Glencore 1Q Own-source Copper Production 324,100 Tons
- IFX GY : Infineon 2Q Total Segment Profit Misses Lowest Est.
- ISAT LN : Inmarsat 1Q Revenue $332.2m
- KORI FP : Korian 1Q Revenue Rises 4.6%; Co. Confirms FY Targets
- LDO IM : Leonardo Confirms Guidance, 1Q Revenue EU2.48b
- NOVOB DC : Novo Nordisk Challenged by Decline in British Pound: WSJ
- PRS SM : Prisa 1Q Adj Ebitda EU92.5M
- RIO LN : Rio Tinto Says Hasn’t Had Any Approaches From Activist Investors, CEO Says Chinese Iron Ore Mines are Key Uncertainty
- RBS LN : RBS Investors Should Vote Against Chairman Over Diversity: PIRC
- REP SM : Repsol 1Q Adj. Net EU630M; Est. EU533M
- SIE GY : Siemens 2Q Sales, Profit Rise; Confirms Outlook for FY2017
- GLE FP : Societe Generale 1Q Net EU747m; Est. EU863m
- GLE FP : SocGen Says It Settled With Libya Wealth Fund for EU963 Million
- SRG IM : Snam 1Q Revenue Beats Est.
- SREN VX : Swiss Re 1Q Net Misses Est. Amid $350m Hit From Cyclone Debbie
- TIT IM : Telecom Italia 1Q Rev. Beats Est.; Local Rev. Seen Rising in 2Q
- TELIA SS : Telia Seeks to Sell About 150m Shrs in Turkcell
- VIE FP : Veolia 1Q Current Net Income Up 4.8% to EU155M, Keeps Targets
- YNET IM : Yoox Net-a-Porter 1Q Sales Up 19% on Organic Basis