Dow-0.56% S&P-0.59% Nasdaq-0.77% Russell-0.79%
US MArket Closed Lower, as oil prices fueled retreat & disappointing ADP jobs data continued to sway sentiment in favor of the bears. Worries about the Q2 slowdown were further reflected in Atlanta Fed GDP estimate that was revised by a decimal to 1.7%, while US Treasuries were bid higher. industrial (-1.3%), health care (-1.0%), and financials (-0.8%) spaces contributed to selling pressure. The cash market found little relief despite an above-consensus reading of the ISM Non-Manufacturing Index for April (55.7; consensus 54.5). The commodity-sensitive energy (-1.3%) space traded in-line with industrials (-1.3%) and behind materials (-1.0%), health care (-1.0%), and financials (-0.8%). Conversely, countercyclical utilities (+1.1%), consumer staples (+0.3%), and telecom services (+0.2%) finished with the only gains. WTI crude ended its day higher by 0.3% ($43.78/bbl), but well off its opening level ($44.84/bbl). Volume were in line with average with more than 992mils shares. US After Hours Earnings Movers : LGCY +22.4%,EPE +15.4%, ZNGA +13.9%, WTW +13.3%, ARRS +9.4%, QRVO +7.3%, SZYM +5.9%, KHC+5.1%, MTW +4.3%, WBMD +3.8%, TASR +3.7%, AUY +2.8%, TSLA +2.2%, RRTS -17.3%, TCAP -14%, FIT -12.6%, SQNM -11.1%, KTOS -6.9%, EXEL -6.5%, CTL -4.7%, HRTG -4.2%, PAA -4.1%, SGY -3.8%, GDDY -3.4%, TRIP -3.8%, LITE -2.6%, WMB -2.5%, FOXA -1.4%...SYNC+118%on AT&T Contract, GM+1.2% on +ve Greenlights Einhorn comments at Sohn conf., CAT-1.2% alos on Greenlights comments. Asian equity markets are trading lower again as risk-off flows in US hours. Asian equity markets are trading lower again as risk-off flows in US hours China Caixin Services PMI also saw a downtick for April, tracking the similarly disappointing Manufacturing survey out earlier this week.
Nikkei Closed Hang Seng-0.36% Shanghai -0.03%
Eur$ 1.1485 CNH 6.5117 CNY 6.5020 JPY 107.01 GBP 1.4522 CHF 0.9580 RUB$66.0721 WTI$44.74 +2.19%
S&P+0.32% EuroStoxx +0.62% Dax +0.59% SMI closed
Macro :
- SOHN CONF WRAP: Druckenmiller Likes Gold, Schreiber Shorts Riyal
- China Needs More Fiscal Stimulus, Ex-PBOC Adviser Says: MNI
- Atlante Fund Seeks Investors for Pop. Vicenza Stake: Sole
Keep an eye on :
- ADS GY : Adidas, Under Armour Seek to End Patent Fight Over Fitness Gear
- AMS SM : Amadeus 1Q Adj. Profit EU245.6M vs EU209.9M Year Earlier
- APAM NA : Aperam 1Q Ebitda Below Estimates, 2Q Seen Slightly Higher Q/q
- BAYN GY : Bayer’s Stivarga Improves Survival in Unresectable Liver Cancer
- BT/A LN : BT to Announce Multibillion Pound Broadband Plan: Telegraph
- BT/A LN : BT 4Q Sales Match Ests., Adj. Ebitda Climbs 14%
- BVI FP : Bureau Veritas Buys Consultant TMC Marine, Doesn’t Give Terms
- CNA LN : Centrica to Sell Shares to Fund Acquisitions, Cut Debt
- LNG US : Cheniere Terminal to Receive Creole Spirit Tanker May 7: Pilots
- COFA FP : Coface 1Q Net Drops 45%, Co. Remains Cautious on 2016 Outlook
- DIS US : Disney Said to Seek to Buy Up to 1/3rd of BAM Tech: Re/code
- EDP PL : EDP-Energias de Portugal 1Q Net Income EU263m; Est. EU262m
- EIT IM : EI Towers Continues to Look at Small, Medium M&A Opportunities
- ELIOR FP : Elior Said in Talks to Buy Megabite, Ramachandra Caterers: TOI
- FER SM : Ferrovial 1Q Net Rises 32% From Year Earlier to EU157M
- KHC US : Kraft Heinz 1Q Adj. EPS, Rev. Beat Ests.; Up 5% Post-Mkt
- KORI FP : Korian 1Q Rev. Rises to EU730m, Co. Confirms FY Rev. Target
- LSE LN : LSE Says ICE Didn’t Approach Company With Takeover Proposal, LSE Moving Forward on All-Shr Merger With Deutsche Boerse
- TL5 SM : Mediaset Espana 1Q Net Rises to EU50.1 Million
- MRW LN : Morrison 1Q LFL Sales Ex-Fuel Beat Ests.
- MS US : Morgan Stanley Had Trading Losses on 8 Days in 1Q
- OHL SM : OHL Says Qatar Railways Serves Notice to End Metro Contract
- RBS LN : RBS CEO Doesn’t Know If U.S. Vote Affects Mortgage Probe Timing
- REP SM : Repsol 1Q Adj. Net EU572m; Est. EU261.2m
- RLYP US : Relypsa 1Q Rev. Beats Est.; Veltassa Misses
- RR/ LN : Rolls-Royce Says 1H Expected to Be Close to Breakeven
- SHP LN : Baxter Boosts Size of Baxalta Exchange Offer
- SN/ LN : Smith & Nephew 1Q Rev. Misses Est., Still Sees Good FY16 Growth
- GLE FP : SocGen Has Upside on Costs, Kept as Best French Bank at Barclays
- HOT US : Qatar Said in Talks to Buy St. Regis NYC, San Francisco Hotels
- TIT IM : Telecom Italia’s Mario Di Loreto, Head of Human Resources, Quits
- TEF SM : EU Officials Said to Decide to Block Hutchison-02 Deal: WSJ
- TSLA US : Tesla Motors 1Q Loss 57c/Shr Versus Est. Loss 60c/shr
- TSLA US : Tesla Aims to Make 1m Vehicles in 2020, Elon Musk Says