Dow +0.19% S&P +0.06% Nasdaq +0.07% Russell -0.11%
US Market closed slightly higher on mixed news. Upcoming meeting between Pres. Trump & chinese president Xi Jinping, Fed officials shifting the focus from rate hikes to the central bank's balance sheet, the resurgence of health care reform (and what it will mean for tax reform), discrepancy between 'hard' and 'soft' economic data, the French presidential election, and heightened tensions with North Korea, among others. energy sector (+0.7%) ventured a little ways from its unchanged mark, lured into green territory by crude oil's positive performance. The energy component increased 1.5% to finish pit trade at $50.99/bbl. the industrials (+0.2%), consumer staples (+0.3%), and technology (+0.2%) sectors finished ahead of the broader market. the financials (-0.2%) and consumer discretionary (-0.1%) spaces settled below their flat lines with the latter suffering amid weakness in retailers after it was reported that the White House is considering a value-added tax. US After Hours SHLM / LNDC +5%, GOL +4% on earnings/guidance, PNRA +12% on M&A speculation... UNIS -65% at all time lows on financing concerns. Asian equity markets are mixed in the wake of a modest gain on Wall St, as US stocks shook off two days of losses. Shanghai Composite is the best performing index in Asia, returning after two days of holidays on strong footing. Reports of a new special economic zone in at Xiongan New area in Hebei Province helped lift local property and industrials names. The rally comes even as PBoC continued to pull liquidity with no reverse repo ops for 8th straight day, draining estimated CNY90B. High-profile meeting between Pres Trump and China counterpart Xi has been layered with added significance. Japan has convened a NSC meeting to discuss North Korean threat, while US State Sec Tillerson remarked that US has spoken enough about North Korea, declining to comment further. Economic data were centered around Services PMI figures that saw Japan hit mid-2015 highs, Singapore late-2016 highs, and Australia return from contraction into expansion.
Nikkei +0.34% Hang Seng -0.15% CSI +1.22% Shanghai +1.21%
Eur$ 1.0673 CNH 6.8787 CNY 6.8880 JPY 110.72 GBP 1.2442 CHF 1.0023 RUB 56.0331 WTI$ 51.42 +0.76%
S&P -0.06% +0.23% FTSE +0.23% DAX +0.05% SMI +0.12%
Macro :
- CVC Capital, Other Funds Increase Investment in Japan: Nikkei
- Sweden to Tax Some Private Health Insurance: SVT
- Atlanta Fed’s GDP Nowcast Model Sees U.S. 1Q GDP at 1.2%
- Trump Admin. Working on Infrastructure Legislation, Chao Says
- U.K. Said to Seek End for Clean Energy Goal That May Sour Brexit
Keep an eye on :
- ABBN VX : Rockwell Automation Gains on Report ABB Had Targeted the Company
- ABG SM : Abengoa Said to See 2017 Revenue EU2.5b-EU3b: El Economista
- AIR FP : Dutch Government Buys Boeing 737 Business Jet
- ASRNL NA : Dutch Govt Sells 20m ASR Shares, Sees Proceeds of About EU515m
- NDA GY : Aurubis Sees Strong Scrap Supply After Rally, China Regeneration
- BAYN GY : Monsanto/Bayer Needs China Agriculture Dept. Approval: CTFN
- CASS IM : Pop. Vicenza Sells ~6% in Cattolica Assicurazioni at EU7.25/Shr
- DTE GY / TMUS US : Sprint Said to End 50% Off Discount as Soon as This Week: WSJ
- DSM NA : will not become a target for takeover attempts as a result of its choice to focus more on green and sustainable businesses, CEO Feike Sijbesma said in remarks to De Telegraaf.
- EDF FP : EDF Studying Ways to Prevent Fessenheim Closure: Le Parisien
- XOM US : Petrobras Says No Ongoing Talks W/Exxon for Partnerships
- FER SM : Ferrovial Said to Bid for Brazil Grid Projects: Economista
- GAM SW : GAM Holding Board Recommends Rejecting RBR Board Proposals
- HES US : Hess Midstream Prices Upsized IPO at $23 Per Unit: IPO Boutique
- ILD FP : Iliad Founder Niel to Sell 1.72% Stake in Private Placement
- JBH LN : JAB Holding Said in Advanced Talks to Acquire Panera Bread
- JPM US : JPM Sees 1Q IB Rev. in Line Q/q, Markets Rev. Up Modestly Y/y
- DPB GY : Deutsche Post’s Appel Says GBP Devaluation Is U.K. Stimulus: HB
- PLT IM : Lactalis Fails to Reach 90% Threshold Needed to Delist Parmalat
- PNRA US : JAB Holding Said in Advanced Talks to Acquire Panera Bread
- ROG VX : Roche Gets FDA Approval for CINtec Histology Pre-Cancer Test
- RWE GY : RWE Power, EnBW May Sell Matrai Power Plant in Hungary, VG Says
- SDRL NO : Fredriksen Says Not Certain Seadrill Will Chapt. 11, DN Reports
- SYNN VX : Chemchina Wins U.S. Approval for $43 Billion Syngenta Takeover
- TSLA US : Solar Sector Up; White House Said to Be Exploring Carbon Tax --> +1.70%
- FP FP : Total to Issue 19.8m New Shares for Interim Dividend Payment
- UCG IM : UniCredit Balance Sheet Credibly Repaired, Goldman Says