Dow-1.58% S&P-1.53% Nasdaq-2.08% Russell-2.40%
US Market closed broadly lower for its first trading day of 2016. US Market opened lower following Europe & Asia, bounce back from lows on the last half hour. Weak Econonmy data in Asia pushed to heavy selling in Shanghai. Tensions in Middle East didn't helped, WTI started to trade higher but closed lower, at $36.76/bbl. Volume were above average in this selloff. After yesterday's China-driven rout, a sense of calm has been restored in China thanks in no small part to intervention steps by authorities. With the key mainland indices unable to finish off the trading day on a circuit breaker halt due to 7% slide in CSI 300 index, the initial 3% drop in Shanghai Composite to mid-October lows was met with forceful response. First, PBoC responded with a CNY130B 7-day reverse repo injection - the largest since early September - while also weakening the Yuan setting in an attempt to prop up exports. Securities regulator CSRC also stepped in, announcing it was considering disclosure rules on stake sales by major shareholders as investors prepare for significant lockup expiry this Friday. Lastly, late-session reports suggested China authorities selectively propped up key market sectors with purchases of shares in steel, banking and other companies. Geely(175 HK) -6.3% on UBS Downgrade
Nikkei -0.42% Hang Seng -0.57% Shanghai -0.65% (very volatile was -2.5% 20mnts ago)
Eur$ 1.0825 JPY 119.47 CNY 6.5199 GBP 1.4716 CHF 1.002 RUB $72.76 WTI $36.86 (+0.27%)
S&P +0.22% EuroStoxx SMI Dax
Macro :
- Byron Wien Predicts Clinton in Presidency, Democrats Take Senate
- U.S. Energy Producers Need to Cut Back Production: Goldman
- China Said to Intervene in Stocks After $590 Billion Selloff
- PBOC Injects Most Cash Since September in Open-Market Operations
- York’s Weinberger Departs After 15 Years to Start Own Fund
- Hedge Fund LMR Hires Former Brevan Howard Manager Johan Tellvik
Keep an eye on :
- BIM FP : Biomerieux Buys Applied Maths to Enhance Bioinformatics
- CAP FP : Capgemini: Capgemini expands its Salesforce strength in Europe and Asia with acquisition of oinio
- GLJ GY : Grenke Group 2015 Leasing New Business Rises 20%, Beats Forecast
- GKP LN : Gulf Keystone's Shaikan Phase 1 Development Plan Is at Risk
- HSBA LN : FCA Said to Conclude Deep-Dive Into HSBC Swiss Private Bank: Sky
- KUNN SW : Buyout Firm EQT Said to Bid for Swiss Travel Company Kuoni
- LOCAL FP : SoLocal Group Announces the Acquisition of Effilab, Search Engine and Social Network Advertising Agency
- OR FP : L’Oreal USA in Pact to Buy Key Assets From Raylon; No Terms
- SHP LN : Baxalta/Shire Deal May Include $20/Shr in Cash, Reuters Says
- TF1 FP : TF1 French Audience Share Fell 1.5 Points in 2015, Echos Says
- TOM2 NA : Leading German Car Manufacturer Selects TomTom Traffic
- TRI FP : Trigano 1Q Sales Rise 29% to EU311m; Backlog to Support Growth
- VOW3 GY : DOJ Sues Volkswagen, Alleges Clean Air Act Violations --> VLKAY-3.5% in NY ( )
- VOW3 GY : Volkswagen Faces Billions of Dollars in Penalties From U.S. Suit