Dow +0.14% S&P +0.12% Nasdaq -0.35% Russell -0.08% VIX 25.61 (-1.84%)
US Market closed on a cautious note ahead of today NFP report for Aug. (Cons 217k). Equities climbed steadily through the first hour of action as global investors rushed into risk assets after European Central Bank President Mario Draghi indicated the ECB's quantitative easing program may be extended. To that point, the ECB made no changes to its policy course, but the central bank will now be allowed to buy up to 33.0% of any particular issue, up from the previous limit of 25.0%. On a related note, the ECB lowered its 2015 GDP forecast for the eurozone to 1.4% from 1.5%. Euro$ was underpressure the all day.Large didn't manage to close in +ve territory. Energy closed slightly higher +0.3% as crude closed higher...volume were in line with average @ 860mil shares...US After Hours ENVI +9.0%, STRM +8.1%, BLOX +0.9%, VNCE -30.2%, UTIW -16.1%, PAY -2.7%, GPS -2.2% following earnings/guidance. In spite of the ongoing market holiday for the Shanghai Composite and modest gains on Wall St, sentiment in Asia has turned progressively more cautious going into Friday's potentially pivotal for the Fed non-farm payrolls. Nikkei is very volatile as the Hang Seng. Hong Kong PMI contraction reached new depths, sliding nearly 4 full points to 6-year low of 44.4. Fed's resident non-voting dove Kocherlakota reiterated his opposition to the liftoff this year on the grounds of delaying the return of inflation to target. Kocherlakota also noted labor markets stand to benefit from rates remaining low, particularly in the absence of wage inflation. Recall that Kocherlakota has made similar comments in the recent past at the Jackson Hole summit, while Fed watcher Hilsenrath observed that his views are not attracting much support inside the Fed....S&P Fut are trading down -0.81%
Nikkei-2.25% Hang Seng -0.90% Shanghai - closed
Eur$ 1.1136 CNY 6.3559 JPY 119.34 GBP 1.5247 EURCHF 1.0814 RUB $67.1851 WTI $46.25 (-1.05%)
S&P -0.80% EuroStoxx -1.62% Dax -1.70% SMI -1.35%
Macro :
- Hedge Fund Manager Hall Says World Market ‘Not Awash in Oil’
- EU Commission Plans to Make Stock Listings Cheaper: Reuters
- UBS Cuts Hong Kong Stock Target 25% as Black Sky New Reality
- G-20 Draft Sees Possible Fed Rate Hike as Risk to Global Markets
- Bridgewater All Weather Fund Said to Drop 4.2% in August (1)
Keep an eye on :
- AZN LN : AstraZeneca Says FDA Expands Indication for Brilinta
- BPTY LN : Bwin.Party Board Said to Switch Support to GVC Bid: Telegraph
- DAI GY : Daimler Plans Digital Formula1 Channel, Handelsblatt Says
- DAI GY : Daimler, Nissan Start Construction of $1b Joint Plant in Mexico
- DB1 GY : Deutsche Boerse Selling EU200m of Treasury Shrs in Bookbuilding
- HEN3 GY : Henkel Plans to Buy 26% Stake in India’s Jyothy Laboratories: ET
- NEO FP : Neopost Narrows 2015 Organic Revenue Forecast
- SAB LN : SABMiller shares gain on renewed talk that AB InBev is working on cash bid - Daily Mail
- SPM IM : Saipem Gets New Contract in Chile Valued at $560m
- SOW GY : Software AG Says to Buy Back Up to EU70 Mln in Shares by Yr-End
- SAN FP : Sanofi Unit to Pay $32.5m to Resolve U.S. Criminal Liability
- STL NO : Statoil to Decide on Bressay Concept Early 2016, Upstream Says
- TEF SM : Telefonica to Give Television Sets to Clients: Expansion
- TIT IM : Telecom Italia Chairman Says Italy Reforms Show in Results: Sole
- FP FP : Total to Supply Gas to French Public Sites, Figaro Says
- WKL NA : Wolters Kluwer in Pact to Divest 55% Stake in Russian Entity