Dow+0.15% S&P+0.44% Nasdaq-0.10% Russell+0.44%
US Market Closed slightly higher as shaky trading in oil weighed on the market, WTI crude ended its day 2.1% lower at $31.62/bbl. After yesterday's close, Fed Governor Lael Brainard argued for a gradual pace to future rate hikes as, "recent developments reinforce the case for watchful waiting". materials (+2.8%), industrials (+1.7%), and financials (+0.9%) leading the pack. On the flipside, consumer staples (-0.9%) and consumer discretionary (-0.6%) ended with the largest losses. health care space (-0.5%), biotechnology showed relative strength today, evidenced by the 0.3% uptick in IBB Volume were in line with more than 1bil shares traded. US After Hours MFLX +40%, UBNT +18.3%, KIRK +2.4%, DATA -41.8%, LNKD -29.7%, GIGA -28.6%, OUTR -22.1%, DECK -9.5%, LGF -5.5% following earnings/guidance, BCRX+5.8% on baker boost stake, MT-12% on potential cap increase, HES-7% on stokc offering. Asian equity markets are mixed and less volatile, tracking more subdued tone on Wall St heading into the non-farm payrolls. Nikkei225 is the big underperformer, as Econ Min Ishihara noted virtuous cycle is becoming effective in Japan economy while Fin Min Aso voiced support in negative rate policy of the BOJ despite JGB market turbulence. Aso added policy will be implemented so that the market can absorb JGB issuance. After a Fitch warning on China overnight that capital outflows and sharp declines in official foreign reserves continue to add to currency pressures, the PBoC did not live up to some expectations of another aggressive devaluation going into the holiday week. PBoC Gov Zhou also reiterated that China will maintain prudent monetary policy stance, while another researcher forecast Lunar New Year liquidity to be ample.
Nikkei -1.32% Hang Seng +0.64% Shanghai -0.18%
Eur$ 1.1194 CNH 6.5802 CNY 6.5691 JPY 116.80 GBP 1.4559 CHF 0.9942 RUB$76.8829 WTI $31.71 -0.02%
S&P-0.14% EuroStoxx-0.17% Dax-0.25% SMI+0.18%
Macro :
- Hedge Fund Standard Pacific Capital Said to Shut Down: Reuters
- ECB Sees Gaps in Regulation on Banks’ Own-Funds Requirements
Keep an eye on :
- MT NA : ArcelorMittal to Raise $3b Capital, Sees $4b Debt Reduction (-12% post market)
- MT NA : ArcelorMittal Sees $6.2b in Impairments, Charges in FY15
- BNP FP : BNP Paribas 4Q Net Misses; Plans CIB, RWA, Cost Reductions
- BNP FP : BNP Paribas CFO Sees Dividend Payout Next Year Remaining at 45%
- CABK SM : CaixaBank Hasn’t Taken Decision on Banco BPI Stake
- CSGN VX : Credit Suisse’s Ambitious 2018 Targets at Risk, UBS Says; PT Cut
- ENGI FP : Engie’s Mestrallet Gets 2-Year Extension as Chairman: Echos
- FAGR BB : Fagron to Raise EU220m in Placement, Share Sale; Equity Negative
- IIA AV : Immofinanz Expects Abt EU400m Writedown on Russian Properties
- NRE1V FH : Nokian Renkaat 4Q Profit Beats Estimates
- UG FP : PSA Peugeot Citroen Said Mulling 850 Job Cuts: Le Figaro
- RWE GY : RWE to Write Down More Than EU1b in 2015: Rheinische Post
- SAN FP : Sanofi Names Gilead’s Muzammil Mansuri to Executive Committee
- SAS SS : Swedish Pilots Union Calls for Action Against SAS Supplier Flybe
- SBMO NA : J O Hambro Reports 1.84% Short Position in SBM Offshore: Filing
- SYMC US : Elliott Management Said to Take Large Stake in Symantec: WSJ (+9% After Hours)
- HO FP : Paris Prosecutors Start Probe into $1.2b Malaysia Arms Deal: FT
- UCG IM : UniCredit Reachs Accord With Unions on 2,700 Voluntary Job Exits
- UCG IM : Cerberus, UniCredit Revisit Talks Over Bank Austria: Standard
- UMI BB : Umicore 2015 Adj. EPS of EU2.27 Beats Ests., Raises Dividend
- DG FP : Vinci CEO Huillard Says France Is ‘Not in Good Shape’
- VOLVB SS : Volvo 4Q Net Misses Est., Restructuring Nearly Complete
- VOW3 GY : Volkswagen Puts Plans for Small SUV ‘Taigun’ on Ice, Focus Says