Dow -0.03% S&P+0.06% Nasdaq +0.05% Russell -0.15%
US Market closed again near the flat line. the House of Representatives passed the revised American Health Care Act, crude oil plunged 4.7% to $45.55/bbl, and Facebook's (FB 150.82, -0.98) upbeat earnings were overshadowed by a slowdown in ad revenue growth. Buyers in the equity market also struggled to overcome today's sell-off in the crude oil futures market, which left the energy component at its worst level in five months. The tumble was credited to a supply overhang following recent inventory reports, some weak data out of China, and the deteriorating technical picture for the commodity. Unsurprisingly, the energy sector (-1.9%) settled at the bottom of the day's leaderboard by a wide margin. telecom services sector (-1.1%) also underperformed while the remaining laggard--consumer discretionary (-0.1%)--finished just short of its flat line. On the flip side, the consumer staples group (+0.8%) settled atop the sector. financials (+0.2%), industrials (+0.1%), technology (unch), utilities (+0.4%), materials (+0.2%), and real estate (+0.1%) groups also closed in positive territory. US After Hours OLED / WING +14%, ELY +11%, CRC +10%, LOGM +7% following earnings/guidance, ZFGN +16.4% on trial update... PI / ZEN -10%, FLR -6% following earnings/guidance. Risk aversion picked up in Asian hours as the selloff in the energy space accelerated. WTI crude oil abruptly fell over 3% below $44/brl without any specific catalyst, though analysts continue to attribute the recent dry spell for oil prices to worries about supply (OPEC not changing the size of its cuts) and demand (more pronounced slowdown in China). Japan and Korea remain closed for holiday, while Australia was down for the 4th straight session. Ahead of Friday's non-farm payrolls, risk-off flows weighed on USD/JPY, as it fell some 50pips below 112.20. AUD/USD was down about 40pips as well below 0.7370, while NZD/USD was briefly lifted by RBNZ inflation outlook.
Nikkei Close Hang Seng -1.08% CSI -0.86% Shanghai -0.87%
Eur$ 1.0982 CNH 6.8988 CNY 6.8958 JPY 112.13 GBP 1.2926 CHF 0.9870 RUB 58.84 WTI $ 44.47 -2.31% ( today Range 43.77/45.63)
S&P -0.18% EuroStoxx -0.22% FTSE -0.23% Dax -0.16% SMI -0.22%
Macro :
- Oil’s Plunge Accelerates Below $45 as U.S. Shale Confounds OPEC
- Atlanta Fed’s GDP Nowcast Model Sees U.S. 2Q GDP at 4.2%
- SMI Index’s Largest Share Weight to Be Capped at 18%: SIX
Keep an eye on :
- ABE SM : Atlantia Says Report of Imminent Abertis Offer Groundless
- AKZA NA : Elliott Calls on Akzo Nobel to Clarify Job Cuts Needed
- AMS SM : Amadeus 1Q Ebitda Beats Highest Est.
- BMPS IM : Monte Paschi 1Q Loss EU169.2m
- COL SM : Colonial to Raise Capital by Issuing Up to 35.6m Shares
- COP US : ConocoPhillips Revised 1Q Adj. Loss 14c on Dry Hole Expense
- EDF FP : EDF Asked by France’s Royal to Revise Its Strategic Plan: AFP
- EIT IM : EI Towers 1Q Revenue Misses Est.
- ENEL IM : Enel to Close 2 Coal Plants in Spain by 2020: Ansa
- ENGI FP : Engie 1Q Revenue EU19.5b
- EVK GY : Evonik Profit Beats Estimates, Boosted by Coatings Additives
- FER SM : Ferrovial 1Q Net Falls to EU72m; 1Q Revenue EU2.9b
- GBLB BB : GBL Affirms 2017 Dividend Forecast as 1Q Cash Earnings Drop 20%
- HDD GY : Heidelberger Druck 4Q Sales EU845m
- HEIA NA : Heineken Acquires Remaining Stake in Lagunitas Brewing; No Terms
- IBM US : Buffett Sold ‘Reasonable Amount’ When IBM Went Above $180: CNBC
- DEC FP : JCDecaux 1Q Adj. Revenue Rises 1.2%: Co. Sees 2Q Organic Growth
- DEC FP : JCDecaux to Appeal Velib’ Decision at French Council of State
- MC FP : LVMH’s Bernard Arnault Writes He’s Voting Macron: Echos
- MONC IM : Moncler 1Q Rev. EU276.2m, Est. EU269.0m
- NPRO NO : Norwegian Property 1Q Revenue NOK196.6m
- ORCL US : Oracle Rallies as AT&T Shift to Oracle Cloud Fuels Optimism
- RHK GY : Rhoen Klinikum 1Q Ebitda Beats Highest Est.
- ROG VX : Shire Sues Roche to Block Sales of Hemophilia Treatment Antibody
- SIE GY : Siemens to Invest EU1b in African Electricity Networks: DPA
- SKAB SS : Skanska 1Q Operating Profit Beats Highest Est.
- SKY LN : Sky May Lose Challenge of German Soccer-Rights Decision: FAZ
- SOLB BB : Solvay Board Member Denis Solvay Sells EU1.8m of Stock
- SDA1V FH : Sponda 1Q EPRA Earnings Miss Lowest Analyst Estimate
- TIT IM : Tel Italia AGM Approves Vivendi’s 10 Candidates for New Board
- VIV FP : Tel Italia AGM Approves Vivendi’s 10 Candidates for New Board