Dow+0,26% S&P+0,29% Nasdaq+0,23% Russell+0,42% VIX @ 12.85 (+1.18%)
US Market closed higher on a quiet day as Nikkei & FTSE were closed for holidays. Seven of ten sectors finished in the green with financials (+1.0%) and utilities (+0.7%) ending in the lead. The countercyclical utilities sector lost the lead during the final hour while financials crept higher throughout the day, also overtaking the health care sector (+0.6%) during afternoon action. Energy sector (-0.2%) was an early leader, but the group surrendered its early gain during the opening hour and remained in negative territory until the close. Crude oil weighed, but the energy component managed to trim its loss to 0.3% by the close. WTI crude settled at $58.92/bbl, likely seeing some pressure from the second consecutive advance in the Dollar...Volume were lights @ 680mil shares...US After Hours ATEN +17.8%, IM +16.3%, NLS +15.5%, QLYS -26.9%, ACRX -26.2%, RAIL -9% following earnings/gudiance...PTBI+36% on Soros Fund disclosed 5.17% in 13G...ACRX -26% FDA meeting denied, FDA required additional clinical study...In Asia,Reserve Bank of Australia cuts interest rates by 25bps in line with expectations to a new record low of 2.00%. RBA cited stronger growth in employment in the past 6 months, further depreciation of AUD seems likely and necessary and inflation to be consistent with target in next 1- 2 years. Australia's trade balance has stayed in deficit of $1.3B signaling 12th consecutive trade deficit. Exports data declined first time in 7 months. Looking into commodity components, iron ore and crude oil exports both lower than prior month. In China, the PBoC continued to suspend open market operations for the 5th consecutive session. Shanghai Composite dropped by 1.8% in the morning session amid concern on more market cooling measures as some Chinese brokerage companies raised margin requirements to control risks. Energy companies provided some support on oil and gas reform speculation as well as shuffle the leadership of top three oil companies, Sinopec, PetroChina and CNOOC.
Nikkei +0.06% Hang Seng -1.27% Shanghai -2.44%
Eur$ 1.1133 RUB $52.0345 EURCHF 1.0414 CHF 0.9354 WTI $58.90(-0.05%)
S&P -0.09% EuroStoxx -0.25% Dax -0.34% SMI +0.21
Macro :
- China Breaches 10% of Global Market Cap as H.K. Overtakes Japan
- Greek Exit From Euro Area Would Pose ‘Numerous Dangers’: Juncker
- *EU SAID TO SEE ITALY GROWTH 0.6% IN ’15, 1.4% IN ’16: ANSA
Keep an eye on :
- ABI BB : AB InBev Spends EU10.3m Buying Back 90,000 Shares April 27
- ADS GY : Adidas 1Q Sales Beat Ests., Confirms 2015 Outlook
- ADP FP : Aeroports de Paris 1Q Rev. EU662m vs Pro Forma EU637m
- AH NA : Ahold’s Czech Unit to Contribute to Profit From 2016: Telegraaf
- AF FP : Air France Seeks About EU1B of Savings, Les Echos Says
- AREVA FP : Areva to Seek Thousands of Job Cuts at May 6 Meet, Figaro Says
- BSLN SW : Basilea reports start of first-in-human phase 1 oncology study with oral panRAF kinase inhibitor
- BNP FP : BNP Paribas PF Unit Investigated for Misleading Marketing
- CRI FP : Chargeurs Confirms 2015 Target as 1st-Quarter Sales Rise
- CSGN VX : Credit Suisse Drops SEC Waiver Ask Amid Opposition, Reuters Says
- DUFN SW : Dufry 1Q Sales In Line With Ests., Ebit Beats
- F IM : Fiat Chrysler Nears Choice on Ferrari IPO Banks: Sole
- GSZ FP : Engie Hired Banks to Advise On Areva Services Purchase: Echos
- HEI GY : HeidelbergCement Upgraded to Buy at UBS on Cash Return Potential
- HOLN VX : Holcim, Lafarge Obtain Merger Clearances in U.S., Canada, to Divest Assets to Complete Deal, FTC Says
- IFX GY : Infineon 2Q Sales Beat Ests.; Sees 3Q Rev. Growth at 7-11%
- LG FP : Holcim, Lafarge Obtain Merger Clearances in U.S., Canada, to Divest Assets to Complete Deal, FTC Says
- LHA GY : Lufthansa 1Q Oper Loss EU133m vs EU209m Loss Y/y
- LLOY LN : Lloyds Upgraded to Buy; Jefferies Sees GBP6b Buyback Potential
- LUX IM : Luxottica 1Q Oper. Income, Net Beats Ests.
- MEO GY : Metro 2Q Sales In Line, Ebit Ex-Items Beats Ests., Keeps Outlook
- MOR GY : Morphosys 1Q Rev., Cons. Net Profit Rise; Confirms 2015 Outlook
- NOK1V FH : Facebook Signs Deal to Use Nokia’s Here Mapping: TechCrunch
- ORP FP : Orpea Confirms Full-Year Sales Target; 1Q Revenue In Line
- PFV GY : Pfeiffer Vacuum 1Q Ebit EU16.4m vs EU10.2m
- RKET GY : Rocket Internet 2014 Sales Up 43%; Posts Cons. Net Loss
- SGO FP : Saint-Gobain Calls for Constructive Talks on Sika Governance
- SIK VX : Finma Rejects Sika Offer Appeal by Gates, Cascade
- SIK VX : Saint-Gobain Calls for Constructive Talks on Sika Governance
- SDA1V FH : Sponda 1Q Revenue Meets Estimates; Reiterates FY Outlook
- SY1 GY : Symrise 1Q Sales Beat Estimates; Confirms 2015, M/T Targets
- O2D GY : Telefonica Deutschland 1Q Sales, Oibda Beat; Confirms Outlook
- UBSN VX : UBS Says Discussions With DoJ at Advanced Stage, No Agreement, UBS 1Q Leverage Ratio Rises 4.6%, CET1 Rises 50bps