Dow-0.47% S&P-0.50% Nasdaq-0.21% Russell-0.48% VIX 13.63 +0.44% VXX 33.77 -0.35%
US MArket closed lower on Stronger Dollar and higher interest rates. news of potential tapering on the horizon led to a downturn in sovereign bonds, which boosted rates globally. Defensively-oriented sectors extended early losses as participants unwound some crowded trades in real estate (-1.6%), telecom services (-1.7%), and utilities (-2.2%). The benchmark index rallied in the final hour of trade, narrowing its loss to 0.5%. Heavily-weighted financials (+0.3%) finished with the only gain. The financial sector (+0.3%) led the advance as steepening in the yield curve boosted earnings prospects for the group. Volume were in line with average at 876mil shares. US After Hours ACIA +7% following guidance, SALT +6.5% after confirming President insider purchase... MU -4.8% following earnings/guidance. In Asia, World Bank East Asia report sees China growth slowing gradually to 6.3% in 2018; Regional growth target for 2016 raised to 6.4% from 6.3% prior forecast before slowing to 6.0% in 2018. Hong Kong composite PMI at 18-month high, Singapore PMI at 19-month high; Micron beats on earnings but shares fall over 5% afterhours on soft margins and an 8% y/y cut to CAPEX in FY17. Oil rallies 1% in electronic trade after API inventories showed the largest draw since Sept 7th.
Nikkei +0.51% Hang Seng +0.38% CSI Closed Shanghai Closed
Eur$ 1.1215 CNH 6.6903 CNY 6.6718 JPY 102.97 GBP 1.2737 CHF 0.9783 RUB 62.5535
S&P -0.03% EuroStoxx -0.60% FTSE -0.82 Dax -0.45% SMI -0.10%
Macro :
- Gross Says Went Short Duration on EU Debt After Earlier Report
Keep an eye on :
- ABBN VX : Cevian Wants ABB Shares to Rise to CHF35 Within 18 Months: SVD
- AIR FP : Boeing Talks With Iran on Jet Sales Are Progressing, CEO Says
- AIR FP : Boeing Sees Supersonic, Hypersonic Travel as Big Opportunity
- AI FP : Air Liquide in Talks to Sell Aqua Lung to Montagu Private Equity
- AIXA GY : Aixtron Bid Not Influenced by Chinese Govt: Spiegel
- ATC NA : Altice Says Offer for SFR Terminated As Regulator Blocks Bid
- AZN LN : Sanofi, AstraZeneca Settle Patent Fight Over Diabetes Drugs
- BN FP : WhiteWave Stockholders Approve Merger with Danone, WhiteWave Confirms DOJ Made Second Request to Danone on Oct. 3
- DL NA : NN Aims to Make All-Cash Offer for Delta Lloyd
- DBK GY : Deutsche Bank Mulls Capital Increase, Bonus-Freeze: Platow Brief
- DTE GY : Deutsche Telekom to Sell Google’s Pixel Smartphone in Germany
- DGE LN : Diageo Will Not Increase Stake in Guinness Nigeria: Statement
- GLD US : Hepatitis C Drugs Could Reactivate Hepatitis B Virus, FDA Warns
- NN NA : NN Aims to Make All-Cash Offer for Delta Lloyd
- CFR US : Salesforce to Reach $10b Revenue Target Next Year, CFO Says
- SAB LN : Asahi to Bid on SABMiller’s Eastern Europe Business: Nikkei
- SAB LN : Asahi Group: No Plan to Bid for SABMiller’s E. Europe Beer Ops
- SAN FP : Sanofi, AstraZeneca Settle Patent Fight Over Diabetes Drugs
- SDRL NO : Seadrill Reiterated Sell at Goldman, Likely Requires Refinancing
- SFR FP : Altice Says Offer for SFR Terminated As Regulator Blocks Bid
- SIE GY : Siemens Gets FDA Clearance of Xprecia Stride Coagulation
- GLE FP : SocGen, Unilever Among Additions to Barclays European Top Picks
- RUKN VX : Reinsurers Jump on Report of Endurance Specialty Takeout
- TWTR US : Twitter Set to Field Offers This Wk; Salesforce Among Bids: WSJ
- UL FP : Unibail-Rodamco: Jose Luis Duran Resigns From Supervisory Board
- UNA NA : SocGen, Unilever Among Additions to Barclays European Top Picks