Dow-0.02% S&P+0.02% Nasdaq+0.13% Russell+0.09%
US Market continue to trade in a sleepy & Narrow mood, Even BOW news was not able to generate some action. In the past, such a healthy dose of policy stimulus would have stimulated a much more enthusiastic response in the stock market. That didn't happen this time, however. The market's sluggish behavior was held out as a possible indication that market participants believe monetary policy actions are no longer effective. the British pound dropped nearly 2.0% against the dollar to 1.3130 and sovereign bond markets rallied in the wake of the decision, generating an added thought that the Federal Reserve seems likely to refrain from raising its key policy rate at all this year. NFP today is on Focus now...but little hope of action persist regarding level of the volatility (12.42). WTI crude finished its day higher by 2.7% ($41.93/bbl; +$1.11), erasing its weekly loss. six sectors finished in the red. The financial sector (-0.3%) finished behind health care (-0.2%) and energy (-0.2%). Conversely, technology (+0.4%) finished in-line with materials (+0.4%) and ahead of consumer staples (+0.2%) at the front of the pack. Volume were slightly below recent days @ 796mil shares. US After Hours LGF +6.4%, PCLN +5.7%, UBNT +5.5%, MDRX +5.1% on earnings/guidance, RAX +17.6% on PE speculation... HDP -26.2%, FEYE -16.2%, FLR -7.9%, ZG -4.6% on earnings/guidance. Asian equity markets are marginally higher once again with the exception of Shanghai Composite. Investors have taken a rich serving of stimulus from the BOE in stride, Recall the latest ADP and Online job ads data for July have tipped a second straight month of solid growth after the May disappointment, though the former ADP did not anticipate that swoon with a false positive. In China, People's Daily reported that the progress of steel capacity reduction is unsatisfactory, but the coal reduction has been achieved. In the credit space, regulators are close to a launch of CDS products, even as a separate press source reported earlier this week that state banks are encouraged to roll over debt obligations. Trade and Industry (METI) warned that stronger JPY may force companies to revise their CAPEX plans - recall the latest Q2 Tankan survey showed a better than expected Industry Capex forecast of 6.2%. A Nikkei report noted the recent bond market volatility shows investors concerned that the BOJ may scale back its ¥80T QE program, and one of the options could be widening a range of target monetary base expansion from ¥80T to ¥70-90T, allowing more aggressive QE in the short run to be followed by a taper.
Nikkei +0.03% Hang Seng +1.40% CSI +0.45% Shanghai +0.12%
Eur$ 1.1141 CNH 6.6525 CNY 6.6453 JPY 101.04 GBP 1.3130 CHF 0.9735 RUB 65.8895 WTI $41.55 (-0.91%)
S&P +0.12% EuroStoxx +0.38% Dax +0.28% SMI +0.23%
Macro :
- Carney Scorns Negative Rate Path Trodden Across World Economy
Keep an eye on :
- AIR FP : Poland May Cancel Airbus Chopper Order on Offset: Nasz Dziennik
- ALV GY : Allianz 2Q Net Halves, Misses Estimate; On Track for 2016 Target Allianz 2Q P&C Combined Ratio, Group Combined Ratio Rise
- ANDR AV : Andritz 2Q Ebita Declines, Still Sees Solid Profitability
- BAYN GY : Bayer Said to Review Monsanto Accounts, May Raise Bid (MON +1.97% yest)
- BMRN US : BioMarin Says Vimizim Growth Driven by Greater Patient Uptake
- BPE IM : Pop. Emilia Capital Generation Strong, Raised to Buy at Citi
- BPM IM : BPM CEO Says Merger Plan Fine After Stress Tests: Radiocor
- BOSS GY : Hugo Boss Cuts 2016 Sales, Ebitda Before Special Items Forecast, to Close About 20 Stores; 2Q Adj. Ebitda Beats
- EBS AV : Erste Bank Confirms 2Q Net More Than Doubled; CET1 Ratio Rises
- EVK GY : Evonik 2Q Adj. Ebitda Beats; Specifies 2016 Adj. Ebitda Outlook
- FAGR BB : Fagron Unit Probed in U.S. in Fraud Case, Dutch Paper FD Reports
- GAM SW : GAM Isn’t Ruling Out Further Acquisitions, CEO Tells NZZ
- GVNV NA : GrandVision 2Q Rev. up 4.8%, Comparable Growth Accelerates in 2Q
- HSBA LN : HSBC Bought Back 2m Shares on Aug. 4
- LHN VX : Lafargeholcim 2Q Operating Ebitda Beats; Confirms 2016 Outlook
- NOVO DC : Novo Nordisk 2Q Ebit Slightly Misses; Adjusts 2016 Outlook, CEO Says US Mkt Environment Increasingly Challenging
- POP IM : Pop. Emilia 2Q Net EU33.8m vs Est. EU42m; FL CET1 Ratio 14.1%
- ROG VX : French Health Authorities Limit Use of Roche’s Avastin: Echos
- SFR FP : SFR Job Cuts to Require EU600m-EU800m in Provisions: Les Echos
- SIE GY : Siemens CEO Kaeser May Get Contract Extension, Handelsblatt Says
- SMHN GY : Suess Microtec 2Q Sales Rise 47%, Posts LPS Loss; Keeps Goals
- VED LN : Vedanta May Raise Offer for Govt Stake in Hindustan Zinc: CNBC
- YNAP IM : Yoox Net-A-Porter 1H Ebitda Beats, Sees FY Margin Improvement