Find attached a calendar of Holidays
Dow +0.24% S&P +0.58% Nasdaq +1.01% Russell +1.79%
US mkt closed higher. Equity indices enjoyed an upbeat start, rising alongside European stocks, even though the results of the constitutional reform referendum in Italy will invite political uncertainty going forward. On Sunday, Italian citizens voted 59-41 to reject a proposal that would have reformed the country's Senate. Prime Minister Matteo Renzi offered his resignation, but Italian President Sergio Mattarella reportedly asked Mr. Renzi to delay his departure until after the approval of a budget for 2017. It is currently unclear what impact the results of the referendum will have on rescue plans for Banks. Italian stocks erased the bulk of their losses by the close while European sovereign debt retreated with Italy's 10-yr yield spiking nine basis points to 2.00%. Five of six cyclical sectors displayed relative strength from the start, which kept the benchmark index well above its flat line throughout the day. volume were just below average a 915mil shares. US After Hours COUP +7%, BOBE +6% following earnings/guidance... SB -13%, SBSI -9%, FET -5% following offering news. ed's Dudley (dove, FOMC voter): Favor gradually higher rates if growth keeps up; financial market conditions are broadly appropriate. Fed's Evans (dove, non-voter): expects US growth in H2 to be much stronger than H1 2016. Asia indices rally, taking cue from US markets shrugging off Italian political uncertainty following Sunday referendum. USD majors in narrow ranges, while commodity/EM currencies (CNH, MXN, SGD) retreat against the dollar after several days of strength.
Nikkei +0.47% Hang Seng +0.69% CSI -0.30% Shanghai -0.16%
Eur$ 1.0756 CNH 6.8780 CNY 6.8764 JPY 113.81 GBP 1.2754 CHF 1.0063 RUB 63.80 |WTI 51.45-0.66%
S&P -0.06% EuroStoxx +0.20% Dax +0.02% FTSE -0.10% SMI +0.08%
Macro
Schaeuble Real Estate Bubble Law Draws Opposition: Handelsblatt
S&P 500 Seen Reaching 2,343 in 2017 at Ned Davis With Risk in 2H
Keep an eye on :
- ABN NA : ABN Amro Agrees to Sell Asia/Mideast Private Banking to LGT
- ATLN VX : Sanofi Said to Explore Counterbid for Actelion Amid J&J Talks
- AMZN US : Germany Probes Tax Misuse of Amazon Marketplace: Handelsblatt
- BMPS IM : Paschi Says Capital Increase to Be as Much as EU1.03b
- BMPS IM : Paschi Executives to Meet ECB on Capital Plan Today: Il Sole
- BMW GY : BMW to Test Fully-Computerized Vehicles in Munich Next Year: SZ
- BVI FP : Bureau Veritas Plans to Hire 10,000 Globally in 2017: Figaro
- FWB IM : Fastweb Buys Tiscali Business for EU45m, Leases Mobile Spectrum
- GNFT FP : France’s Genfit Said to Consider a Sale as It Weighs Options
- ITX SM : Inditex’s Main Online Units Have 39% Sales Increase: El Pais
- MAERSKB DC : Oil Bosses See Maersk Withdrawing From Norway North Sea: Borsen
- SAN FP : Sanofi Said to Explore Counterbid for Actelion Amid J&J Talks
- STL NO : Statoil Won’t Fly Super Puma Helicopters Again: Aftenbladet
- FP FP : Total, ExxonMobil, Cnooc, Pemex Win Mexico Deep-Water Blocks
- WOS LN : Wolseley 1Q LFL Revenue Growth 1.8%; Sees FY Profit In Line