Dow +0.30% S&P +0.57% Nasdaq +0.88% Russell +1.64%
US Market closed higher again today. Nine out of eleven sectors finished the day in positive territory, with materials (+1.4%) claiming the top spot on the leaderboard. Consumer discretionary (+1.3%) held the lead for most of the day after automakers reported better-than-expected sales for the month of December. Real estate (+1.2%), financials (+0.9%), and health care (+0.7%) also performed better than the broader market. IBB +2.7%. Telecom & Energy were worst performers. US After Hours Retailers under pressure after Macy's / Kohl's holiday sales updates, MG -9% following earnings. Asia equity markets are largely positive, led by Hong Kong; Energy is the top performing sector on the Hang Seng; Kospi is down marginally amid KRW strength after local think tanks speculated the new US govt could name Korea a currency manipulator. Nikkei225 is also softer on stronger JPY. FX majors were extra volatile, with heavy USD selling against JPY and EUR. After initial sea-saw, US short term rates have come in on perception the latest Fed minutes were somewhat less hawkish then anticipated. USD/JPY fell as much as 100pips on the greenback selloff. Chinese Yuan was up over 1% in offshore market overnight after press reports that authorities plan to order SOE's to sell USD. Today's Yuan fix by the PBoC was also a 3-week high. Japan PM Abe: Global economy is improving; Japan has bright signs.
Nikkei -0.37% Hang Seng +1.42% CSI -0.01% Shanghai +0.21%
Eur$ 1.0551 CNH 6.8147 CNY 6.8851 JPY 115.98 GBP 1.2348 CHF 1.0169 RUB 60.1211 WTI 53.29 +0.06%
S&P -0.13% EuroStoxx -0.30% FTSE -0.09% CAC -0.27% DAX -0.27% SMI +0.25%
Macro :
- Fed Officials Weigh Upside Risks to Growth from Fiscal Policy
- Fed Fund Futures Price Next Rate Hike Around June 2017
- Trump Said to Seek Murdoch Recommendations for FCC Chair: NY Mag
- S&P 500 in ‘Bullish Holding Pattern,’ Says JPMorgan’s Hunter
- Risk to Stocks in 2017 Is Earnings Disappointment: BNP’s Warther
Keep an eye on :
- ABI BB : Garcia Family Foundation Sells $1.04m Anheuser-Busch InBev ADRs
- AOI SS : Hurricane, Africa Oil, Enquest Top Europe E&P Picks at Macquarie
- ALO FP : Alstom: Rail Expansion in China Driven by High-Speed Rail, Metro
- BMW GY : BMW Group U.S. Dec. Sales Decline 5.4% Y/y
- CGG GP : CGG Says It Will Start Talks on Financial Restructuring
- DBK GY : Deutsche Bank Surges to Highest Since April Amid Option Blocks
- DTE GY : T-Mobile Up; CFO Says Hit Subscriber Targets Around Thanksgiving
- ERICB SS : Ericsson Deepens Cisco Tie-Up to Combine Wi-Fi, Mobile Networks
- RF FP : Eurazeo Expanding in Third-Party Management With New EU500m Fund
- FNTN GY : Freenet CEO Sees Shrinking Mobile Business Market: Handelsblatt
- LULU US : Lululemon Gains Most in Month Amid High Activity in Call Options
- COX FP : Nicox to Begin Phase 2 Clinical Study for NCX 4251 in 4Q
- FP FP : Total E&P Sees 2017 Gas Output From Mahakam Block at 1.43 BCFD
- TLW LN : Tullow CFO Taking Leave, Les Wood Named as Interim Replacement
- MF FP : Wendel to Buy Tsebo With Capital Group as Minority Investor
- FR FP : Valeo Plans to Invest in Israeli and Chinese VC Funds, CEO Says
- VOW3 GY : VW Ordered to Face Investor Suit in U.S. Over Diesel Cheating