Dow+0,04% S&P-0,42% Nasdaq-0,23% Russell-0,46%
US Market Closed lower pushed by news of European Central Bank that has lifted its waiver that allowed for the
acceptance of Greek debt as collateral.The announcement came with a caveat that the counterparty status of Greek
banks remains unchanged and they may satisfy their liquidity needs through Emergency Liquidity Assistance. However, the news showed that the negotiations are likely to be tumultuous, which contrasted with the rosy
picture painted over the last two days, consumer discretionary (+0.7%), technology (+0.1%), and consumer staples (+0.1%) were able to finish in the green. GM+5.4% after beating sales, Tech sector helped Nasdaq to finish better, , Energy Sector was down 9.3% following big reversal on Crude (WTI $47.75 this morning) Volume were well above 1bil shares...US After Hours GLUU +14.3%, DATA +13.7%, YUM +1.1%, ADEP -25.4%, QUIK -23.2%, GMCR -7.8% following earnings/guidance...The muted response in China markets following the overnight 50bp RRR cut by the PBoC speaks to the extent to which this easing has been anticipated in the recent run-up. Shanghai Composite opened up 2.4% but has entered its break up only 1%. In contrast, the rate cut in November sparked a 7% rally. In notable local press, China Daily said the cut is unlikely to reverse property market correction, CICC remarked financials would be the main beneficiaries of earlier than expected RRR move, and a separate report called for a more proactive fiscal policy to accompany monetary stimulus... In Japan, shares of Sony were up as much as 15% after the company beat Q3 estimates and raised its FY projections. Toyota was down slightly despite a Q3 beat of its own, with much of the gains attributed to favorable FX rates, as the world's top automaker lowered its FY15 global sales outlook by 0.5% to 9M cars. Separately, Japan's 30-year JGB auction saw soft demand just as the 10-year did earlier in the week, and BOJ Gov Kuroda expressed some alarm over the impact of low oil prices on rapid decline in overall CPI.
Nikkei -0.98% Hang Seng -0.09% Shanghai -1.03%
RUB $68.73 WTI $47.75 (-1.42%) EURCHF 1.0507
EUR$ 1.1352 S&P -0.17% EuroStoxx -1.23% Dax -0.76% SMI -0.68%
Macro :
- Greece Loses ECB Funds, Raising Pressure on Tsipras to Yield
- ECB’s Praet Sees Signs of Euro Improvement: Les Echos
- EU to Lift French 2015 Growth Forecast to 1% From 0.7%: Echos
- Greece Ratings Under Review With Negative Implications at DBRS
Keep an eye on :
- ABBN VX : ABB 4Q Profit, Sales Miss Estimates; Raises Dividend, Says Oil Price Drop Didn’t Affect 4Q Orders
- AENA IPO : Soros Seeks to Buy Stock in IPO of Spain’s Aena, Expansion Says
- AZN LN : Astra 4Q EPS Misses Ests.; to buy Actavis’s Respiratory Business
- BNP FP : BNP Paribas 4Q Net Income EU1.30b, Est. EU1.34b; Dividend EU1.50
- BT/A LN : *BT AGREES AGREES DEFINITIVE TERMS TO BUY EE FOR £12.5BN
- CPG LN : Compass 1Q Organic Sales Up 5.7%, Keeps FY Outlook
- DAI GY : Daimler 4Q Ebit Beats Est. Sees Significant 2015 Profit Increase
- DSY FP : Dassault Systemes Sees 2015 Rev EU2.7b-EU2.72b as 4Q Rev. Misses, Can Keep ‘Double-Digit’ Growth in 2015: CEO
- DNB NO : DNB 4Q Net NOK4.97b vs Est. NOK4.96b, Sets Dividend NOK3.8
- HHFA GY : Hamburger Hafen Says 2014 Revenue Rises More than 5%
- MUV2 GY : Munich Re 4Q Net Income Misses, Dividend Proposal Beats(7.75/sh vs 7.50 est)
- NRE1V FH : Nokian Renkaat 4Q Sales Beat Ests.; Keeps Div, ’15 Sales to Fall
- NUO NA : Nutreco 2014 Net EU152m vs EU150m; Dividend Plan Meets Forecast
- NYR BB : Nyrstar Sees 2015 Capex EU480m-EU545m; Net Debt Drops to EU438m
- ORK NO : Orkla 4Q EBITA Rises 6%; Adjusts Foods Margin Target Timing
- PFL LN : Premier Farnell 4Q Sales Growth 4%, Sees Lower 2H Op. Margin
- SAN FP : Sanofi 4Q Sales Beat Est., EPS in Line; Lantus Beats on Price, ‘Closely Watching’ Some Deal Opportunities
- SECUB SS : Securitas 4Q EPS, Sales Beat Est.; Keeps Dividend at SEK3/Shr
- SDA1V FH : Sponda 4Q Rev Matches Ests.; Proposes Raising Div to EU0.19/Shr
- SAA1V FH : Sanoma 4Q Sales Trail Ests.; Dividend EU0.2/Shr
- SCMN VX : Swisscom Sees 2015 Ebitda Below Ests. as FY Sales Beat, Sees FX Hurting 2015 Sales, Ebitda
- UHR VX : Swatch 2014 Oper. Profit Misses Ests.
- TIE1V FH : Tieto 4Q Sales Meet Ests.; Dividend EU1/Shr
- FP FP : Total CEO to Discuss Refining Capacity With Hollande: Figaro
- VOD LN : Vodafone 3Q Organic Service Revenue Growth Beats Estimates
- VOD LN : Vodafone Asks Court to Annul KPN, Reggefiber Takeover Approval
- VOLVB SS : Volvo 4Q Sales Beat Est.; Raises N. America Mkt Forecast
- YTY1V FH : YIT 4Q EPS, Net Top Ests.; Cuts Dividend More Than Estimated