US Market Closed Higher, marking record high for S&P 500, the dollar strength did not get in the way of a rally in crude oil. Energy was up 2.0% to $78.73/bbl with an intraday boost after reports of a diesel pipeline explosion in Saudi Arabia. However,
follow-up headlines indicated the pipeline did not explode, but caught fire during maintenance work. Energy sector moved higehr on that..materials sector (+0.9%) outperformed while financials (+0.6%) and industrials (+0.6%) caught up to the S&P 500 during the final hour of the session. For its part, technology (+0.3%) was limited to a small gain as large cap names lagged...countercyclical sectors, consumer staples (+0.7%) and utilities (+2.3%) displayed strength while the telecom services sector (+0.2%) ended little changed. Consumer staples were underpinned by better mthan expected earnings from Mondelez (MDLZ 37.15, +2.12) while utilities rallied with help from Duke Energy (DUK 83.50, +1.27)...volume were ahead @ 770mil sahres ....VIX @ 14.17 -4.84%...US After : PLNR +48.7%, NDLS +10.5%, DATA +9.8%, TSLA +7.2%,SZYM-20.6%, TXTR -17.6%, Z -8.4% following earnings/guidance...Forex was main catalyst in Asia with Few news out except Lenovo numbers...Nikkei -0.86%...Hang Seng -0.02% Shanghai +0.15%
Eur$ 1.2518 S&P -0.20% EuroStoxx -0.26% FTSE -0.05% DAX -0.27% SMI -0.11%
Macro
- China Unlikely to Cut Overall Rates Next Yr: Business News
- Portugal Says Economic Growth Still Weak, Reforms Must Continue
Keep an eye on :
- ADS GY : Adidas 3Q Oper. Profit Beats Ests., Confirms 2014 Outlook
- AM FP : Dassault CEO Says India Rafale Deal to Be Done by March: Reuters
- ANDR AV : Andritz 3Q Net Income EU56.9m vs EU31.9m y/y
- BA/ LN : Rumor BAE Systems $1.7b F-16 Deal With S. Korea Canceled: Reuters, Comment this morning decision not made
- BEI GY : Beiersdorf 3Q Ebit Misses Ests, Confirms 2014 Outlook
- BMPS IM : Paschi Approves Capital Plan, Seeks EU2.5b in Rights Offering
- BMW GY : Brillance (1114 HK) -4.26%...Stock Dwg, Analyst see slowdown {NSN NEJNCQ6K50XZ <go>}
- ByW6 GY : BayWa 3Q Sales Beat Ests., Ebit Misses
- CAP FP : Cap Gemini 3Q Sales Rise; Confirms 2014 Outlook
- CBK GY : Commerzbank 3Q Net Income EU225m; Est. EU185m
- CGG FP : CGG 3Q Net Loss $116m; Takes $64m Charge on Ebit Line
- ACA FP : Credit Agricole 3Q Net Income Rises 4.1%, Beats Estimates. Not Planning Italian Banking Acquisitions: CEO
- ACA FP : Credit Agricole Met With U.S. Authorities Over OFAC Probe: CEO
- DELB BB : Delhaize 3Q Operating Profit Meets Ests. as U.S. Growth Quickens
- DTE GY : Deutsche Telekom 3Q Sales, Ebitda Beat; Broadband Customers Fall
- EBC1V FH : Elektrobit Sees 2014 Net Sales, Op. Result Growing vs 2013
- ELG GY : Elmos Semiconductor 3Q EPS EU0.20/shr vs EU0.16 y/y
- ENE SM : Endesa to Direct 20% of Share Sale to Small Investors: Expansion
- FER SM : Ferrovial May Make Hostile Bid for Transfield, Expansion Says
- FNC IM : Finmeccanica 3Q Sales, Ebita Beat Ests.; Targets Raised
- GLPG NA : Galapagos Says GSK2856184 Shows Higher Efficacy Than Apremilast
- G IM : Generali 9-Mo. Net Rises; Sees Improvement in 2014 Oper. Result
- HAW GY : Hawesko 3Q Rev. In Line With Ests., FY14 Sales to Rise 1%-2%
- HEI GY : HeidelbergCement Confident Will Achieve 2014 Outlook
- RMS FP : Hermes 3Q Leathergoods Sales Beats Ests., Silk Misses
- NK FP : Imerys to Buy Closely Held S&B for EU525m in Cash, Stock, CEO Says S&B Purchase Is Biggest Since Group Creation
- IT IM : Italcementi Offices Said Visited in Insider Trading Probe: Rtrs
- IPN FP : Otonomy Gets Rights From Ipsen for Gacyclidine Data for OTO-311
- KCO GY : Kloeckner Posts 3Q Net Profit, Ebitda Beats; Adjusts Outlook
- KUNN SW : Kuoni 3Q Organic Sales Up 1.5%, Confirms 2014 Ebit Forecast
- LR FP : Legrand 9-Month Rev. Meets Est.; Sees 2014 at Low End of Target
- LXS GY : Lanxess 3Q Ebitda Pre-Items EU210m, Est. EU203.9m; Plans Savings
- LHA GY : German Airlines Risk U.K. Ban Without Passenger Lists: Guardian
- MEDAA SS :Meda 3Q Ebitda Beats Est.; Sees Slightly Better 2014 Margin
- MONT BB : Montea 3Q Adj. EPS EU0.43 vs EU0.51; Keeps 2014 Profit Forecast
- NOBN SW : Nobel Biocare 3Q Op. Profit Below Ests.; Keeps 2014 Forecast
- OSR GY : Osram 4Q Adj. Ebita EU106m vs EU108m
- PSM GY : ProSiebenSat.1 3Q Rev In Line; Confirms Year Positive Outlook
- PTC IM : Portugal Won’t Interfere in Portugal Telecom Process: PM Coelho
- SAN FP : Sanofi/MRK Best Position in Pharma to Boost Returns: Morningstar
- SAP GY : SAP Follows Microsoft, Google in ALEC Exit, Manager Magazin Says
- SCMN VX : Swisscom 3Q Sales, Ebitda Beat; Reiterates FY Forecasts
- SCR FP : Scor 3Q Net Rises 7.1% to EU121 Million, Beating Estimates
- SIE GY : Siemens 4Q Total Sectors Profit EU2.195b, Est. EU2.25b
- SIE GY : Siemens Agrees to Sell Hearing Aids Unit to EQT for EU2.15b
- S92 GY :SMA Solar 3Q Ebit Loss EU10.3m vs Est. EU7.7m Loss (3 Ests.)
- GLE FP : SocGen 3Q Net Income Misses Estimates; FICC Revenue Up 1.4% Y/y
- SPD LN : Sports Direct May Be Seeking Stake in Super Retail, AFR Says
- TATE LN : Tate & Lyle 1H Adj. Pretax Tops Est., Keeps FY Outlook
- TEN IM :Tenaris Net, Rev. Miss Ests.; Sees Ebitda Margin Improving in 4Q
- VEI NO : Veidekke 3Q Revenue NK5.98b vs NK5.62b; Pretax NK370m vs NK358m
- VIE FP : Veolia 9-Month Rev. Grows 5.1%; Reiterates 2014 Forecasts
- O1BC GY : Xing 3Q Sales Rise 20%; Sees 2014 adj. Ebitda of EU28m to EU29m
- XXL NO : XXL 3Q Total Operating Revenues NK1.42b Vs NK1.08b Year Earlier
- YOOX IM : Yoox 3Q Ebitda In Line With Ests, Sees 2014 Sales, Profit Growth
- ZIGGO NA : Liberty Global Declares Ziggo Offer Unconditional
- ZURN VX : Zurich Insurance 3Q Net Income $928m, Est. $1.04b