Dow -0.30% S&P -0.33% Nasdaq -0.21% Russell -0.47% VIX 13.57 (+2,11%) VXX 33,89 (-0.53%)
US market started the week on a weak note. DBk was still in focus even if german mkt was closed today. UK Prime Minister Theresa May also contributed to early selling interest after she confirmed that the UK will invoke Article 50 of the Lisbon Treaty by the end of March 2017. The decision resuscitated fears regarding the terms and/or restrictions the UK will face in accessing the common market. Sterling declined 1.0% against the dollar in response, finishing the day near the 1.2850 price level. The UK's FTSE (+1.2%) outperformed amid strength from exporters. Eight sectors settled in the red with financials (-0.4%), consumer staples (-0.6%), utilities (-1.4%), and real estate (-1.8%) acting as the largest laggards. IBB Finished ahead of broader market. Volume were below average with 800mil shares traded. US After Hours CNAT +9% AASLD abstracts acceptance, PKY +5% and OLLI +3.5% on S&P SmallCap 600 addition news... VOXX -2% on S&P SmallCap 600 replacement news. In Asia, Reserve Bank of Australia had its first policy decision under Gov Lowe, leaving rates on hold as forecast by unanimous survey of economists. USD/JPY extending gains to 2-week high above 102.30 as better than expected US ISM Manufacturing raises expectations of a Fed hike this year; CME probabilities of at least a 25bp move by 2016-end back above 60%; Nikkei leads regional indices higher on softer JPY.. Oil moved lower to 48.57 -0.49%.
Nikkei +0.69% Hang Seng +0.10% CSI Closed Shanghai Closed
Eur$ 1.1197 CNH 6.6835 CNY 6.6718 JPY 102.12 GBP 1.2843 CHF 0.9750 RUB 62.3694 WTI 48.56 (-0.51%)
S&P +0.08% EuroStoxx +0.27% Dax-0.01% SMI +0.26% FTSE -0.10%
Macro :
- Fed Hamstrung in Using Rate Cuts If Recession Comes Soon: Dudley
- Fed’s Mester: November Live as ‘Apolitical’ Fed Considers Hike
- Australia Holds Key Rate as Commodity Rebound Gathers Pace
Keep an eye on :
- ABBN VX :ABB to Keep Power Grids Unit, Buy Back $3b Shares, ABB Raises Power Grids Margin Target Corridor
- ABE SM : OHL Sold 4.425% Abertis Stake at EU13.65/Shr: Filing
- AGS BB : Ageas Sees 3Q P&L Impact EU4.6m From Relative Performance Note
- AZ IM : Alitalia Considering Debt Swap to Raise Capital, Sole Reports
- CS FP : Axa CEO Buberl Rejects Possible Mergers: Sueddeutsche Zeitung
- BP IM : BPM May Become Takeover Target Without Merger, CEO to Sole
- BON FP : Bonduelle Op. Profit to Stagnate Amid Tough Harvest Conditions
- CXRX US : Concordia Said in Talks to Sell Equity Stake to PE Firm: Reuters
- DIE BB : D’Ieteren 3Q Deliveries Rise 3.5% as Belgian Market Expands 10%
- EDF FP : EDF to Reclaim EU1b From Clients for 2014-15, Le Figaro Says
- ERICB SS : Ericsson to Cut 3,000-4,000 Jobs in Sweden, SVT Reports
- EUCAR FP : Europcar Group Names Jean-Claude Poupard Group CFO
- GIMB BB : Gimv Acquires Stake in French Inspection Company Acceo
- LIN GY : Linde Signs Iran Petrochemical Plant Contract: Handelsblatt
- MC FP : LVMH to Buy 80% of Luxury Luggage Maker Rimowa for EU640m
- MAERSKB DC : Maersk Said Unlikely to Buy Korean Container Ship Operators: WSJ
- NN NA : NN Group Sells Irish Reinsurance Portfolio to Canada Life
- NDA SS : Nordea CEO Says He’s Not Yet Ready to Change Dividend Goal: DI
- RNO FP : Nissan to Announce Technology Tie-Up With Verizon’s Telogis: FT
- SCAB SS : Buy SCA on Hygiene Margin Delivery, a ‘Free Forest’: Goldman
- CFR US : Salesforce Agrees to Buy Krux for $700m in Cash and Stock: WSJ
- SIE GY : Siemens Signs Deal to Supply Iran With Locomotive Parts: DPA
- SSABA SS : SSAB unlikely to sell its Finnish units now despite earlier rumours - Rautaruukki
- TWTR US : Twitter Climbs 5.2%; Ex-CEO Says M&A Not Only Option for Growth
- UCG IM : UniCredit May Wait After Dec. 4 to Pick Pioneer Buyer: Reuters
- VOW3 GY : VW Judge Won’t Ease Deadline for Consumers to Exit Settlement