US Market closed on a cautious note with Dow & S&P flat and Nasdaq Lower, most of sectors were lower except Utilities (+0.6%) and Healthcare (+0.4%)...Energy was also higehr by +0.4% even if crude continue to weaken ($52.57 on firday $51.74 this morning)...volume were in line @ 628mil shares...Asian Market big catalyst is the move on USD, that continue to trade higher (1.1860 vs Eur, highest level since March 2006) catalyst for that move is more development on greece this week end (Der Spiegel article on Grexit & Local press surveys still see Syriza ahead of the ruling ND party by 30.4% vs 27.3%, though that margin has narrowed slightly.)...Shanghai Composite resumed its steady climb, reaching new 5-year highs above 3,300 despite more audible expectations of slowing growth for China in 2015. Standard Chartered said 2015 GDP would slow to 7.1% from 7.3% forecast for 2014, State Information Center (SIC) estimated 2015 GDP at 7%, and a former Stats Bureau economist went as far as to warn that CPI may post an outright decline this year. In the property sector, China Index Academy recorded its 8th consecutive sequential decline during December, with average prices across top cities falling -0.44% v -0.38% prior, although developers are moving higher on signs of a rebound in Beijing...In Tokyo, December final manufacturing PMI slowed marginally from the preliminary estimate but remained in expansion for the 7th straight month. Markit economists noted a further rise in new orders from both the domestic and international markets, as well as input price inflation accelerating due to falling yen. Japan Fin Min Aso also said the economy is emerging from a deflation-driven slump, anticipating a rise in capex that would help return GDP to growth...Fed speakers, commentary from Boston Pres Rosengren (alternate on FOMC in 2015) was most notable, as he urged patience on interest rate liftoff until the Fed is confident inflation is returning to 2% target. He added sluggish inflation growth would allow for "more gradual normalization process", and also pointed to global economic risks as a potential challenge to orderly policy measures...Nikkei -0.24% Hang Seng +0.27% Shanghai +4.07%...
RUB $59.17 RUB €70.64 WTI $51.69 -1.86% Brent $55.50 -1.63%
Eur$ 1.1936 (1.1864 overnight) S&P -0.12% EuroStoxx -0.51% Dax -0.42% SMI -0.75%
Macro :
- Fed's Rosengren, Harvard's Summers offer cautious view of US economy (Reuters) {http://reut.rs/1D6ZZiI}
- Greek Euro Membership in Balance in Jan. 25 Voting, Samaras Says
- Ukraine Insurgents Fired on Govt Troops 22 Times Today: Ministry
- Italy puts a brake on new tax bill after Berlusconi-related uproar (Reuters) {http://reut.rs/1yqyj70}
- ECB Should Take Foreceful Steps Now, Gonzalez-Paramo Tells Cinco
Keep an eye on :
- AERL LN : Aer Lingus shares gain on talk of increased bid of up to EUR 2.60 per share from IAG
- BMW GY : BMW to Pay 5.1 Billion Yuan to China Dealers, Association Says )
- BG/ LN : BG Group to Sign Accord in 1Q to Sell Gaza Gas to Jordan
- CU FP : Global Resorts to Withdraw Club Med Bid, Reuters Says
- ENI IM : Eni Drills 3rd Exploration Well Offshore Libya: National Oil
- GLJ GY : Grenkeleasing 2014 New Business Growth in Line With Forecast
- HEN3 GY : Henkel Chairwoman Targets Consumer Unit Growth: Welt am Sonntag
- RBS LN : Investec Said to Consider Bid for RBS’s Coutts Unit, Sky Says
- RI FP : Pernod Ricard Seeks Second Place in Italy, Ricard Tells Il Sole
- RNO FP : Barron's article : Benefits from its alliance with Japanese auto maker Nissan Motor could provide a turbo boost to drive up the stock
- SIE GY : Siemens Seeks to Reduce Employee Travel Budget, Spiegel Says
- TIT IM : Telecom Italia leading shareholder Telco to be demerged in next two months
- TSCO LN : Tesco May Sell Dunnhumby, WPP Said to Be Interested, FT Says
- FR FP : Bain Capital Prepares GPB1.2b Bid for TI Automotive: Telegraph
- VIRP FP : Virbac Concludes Purchase of Eli Lilly Assets, Les Echos Says