Dow+1,20% S&P+1,02% Nasdaq+1,03% Russell+1,44% VIX 16,92 (-7,69%)
US Market closed higher helped by the crude rebound (-9,3% yest. and 4,2% today) & the ECB decision to lift a waiver that allowed for the acceptance of Greek government bonds as collateral was political at its core, Greek banks are still allowed to turn to the Bank of Greece, which in turn has access to funds through Emergency Liquidity Assistance from the European Central Bank. To that point, Germany's Die Welt reported that the ECB has granted up to EUR60 billion in funding to the Bank of Greece through ELA channels...Mr. Schaeuble said he was advised to say the two "Agreed to disagree," but Mr. Varoufakis countered, saying "We didn't even agree to disagree.", materials space (+2.4%) finished in the lead while health care (+1.6%) and energy (+1.4%) also outperformed...volume were below average @ 775mil shares...US After Hours TWTR +9.4%, LNKD +7.6%, ONNN +4.2%, P -19.7%, GPRO -15.2%, YELP -11.8%, EXPE -8% following earnings/guidance... FTR +7.1% (confirmed it will acquire Verizon's (VZ) wireline operations in California, Florida and Texas for $10.54 bln in cash...RSHC -4.1% (co filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy ...Despite the latest PBOC RRR cut, Shanghai Composite is headed for its 2nd consecutive session of above-1% declines and also its 2nd consecutive week of net losses, testing below the 2-week low of 3,100. The focus is shifting from the intentions of the policy easing to next week's expected peak in mainland IPO filings. In fact, expectations for lending still show robust credit pipeline - according to CICC, Jan New Yuan Loans could reach as high as CNY1.6T v CNY697.3B in Dec, accompanying outsized activity going into the Lunar New Year. Meanwhile, a Xinhua report citing a PBoC official indicated this week's RRR cut should not be interpreted as the start of strong stimulus or a policy shift...In Japan, sources indicated the BOJ reportedly sees no need for easing action as long as the fall in core CPI is driven by falling oil prices, but also worries core CPI could turn negative if oil prices fell below $40/brl. BOJ Dep Gov Iwata spoke later in the session, reiterating board members' optimistic position that QE is having intended effects, inflation expectations are rising, and change in "deflationary mindset" is progressing. Ahead of next week's G20 meeting, Fin Min Aso remarked he would express that Japan will continue to tackle fiscal consolidation, but that overall economy is improving.
Nikkei +0.82% Hang Seng -0.41% Shnaghai -2.42%
RUB $65.72 WTI $51.72 (+2.46%) EURCHF 1.0587
Eur$ 1.1462 S&P -0.04$ EuroStoxx -0.18% Dax -0.19% SMI +0.21%
Macro :
- France, Egypt in Advanced Talks on EU5b-EU6b Arms Deal: Echos --> Thales, Safran, Dassault Aviation...
- Italy Drops Rule Allowing ‘Loyalty Shares,’ FT Says
Keep an eye on :
- ACS SM : Spain’s ACS to Refinance EU2.35b in Credit Lines: Expansion
- AF FP : Air France Needs to Try Harder, CEO Says in Letter in FD
- ALU FP : Alcatel Confident on 2015 FCF Target as 4Q Sales Meet Estimates , CEO Sees 2015 Gross Margin Slightly Above Estimates
- BAYN GY : Bayer Copanlisib Gets FDA Orphan Status for Follicular Lymphoma
- BETSB SS : Betsson Raises Dividend as 4Q Net Rises 72%
- BKIA SM : Bankia’s IPO Claim Costs Limited to EU250m: Reuters
- BOL FP : Bollore Approved to Run France’s Auto Recharge Network: Figaro
- COFB BB : Cofinimmo Sees 2015 Adj. EPS Ex. IAS 39 of EU6.85; Keeps Div.
- DSV DC : DSV FY Net Misses Ests.; Starts DKK200 Mln Share Buy-Back
- ELTEL SS : Eltel IPO Price SEK68/Shr; Trading Starts in Stockholm Today
- ENEL IM : Enel Net Debt Beats, Has Room to Raise Capex, Dividend, UBS Says
- ENEL IM : Enel Withdraws Interest for Greek Oil Tender: Kathimerini
- FCC SM : Spain’s FCC No Longer Considering Sale of Realia Stake
- FNC IM : Finmeccanica Sees Sales Down Almost 20% During Restructuring: FT
- FIS1V FH : Fiskars 4Q Ebit, Sales Decline; Raises Ordinary Dividend
- GVNV NA : Grandvision IPO Priced at EU20/Shr, Valuing Co. at About EU5b
- BAER VX : Julius Baer CEO Says Swiss Private Banks to Shrink to 100: BZ
- MSK IM : Moleskine 2014 Sales EU98.7m; Est EU97.7m
- ORK NO : Orkla rumoured to be a takeover candidate Nestle & Unilever mentionned- Dagens Naeringsliv
- PRS SM : Prisa Loses EU105m Supreme Court Fight vs Mediapro: Expansion
- RKET GY : Rocket Internet Invests EU100m in HelloFresh, Rocket Internet Buys 30% Stake in Delivery Hero for EU496m
- SAN FP : Sanofi’s New CEO to Have ‘Every Freedom,’ Weinberg Tells FAZ
- STO NO : Statoil 4Q Net Oper. Income NOK9b vs Est. NOK26.3b,Statoil CEO Sees ‘Quite Significant’ Capex Cut in U.S. Onshore
- FP FP : Oil to Go to $100-$110/Barrel, Total’s Boisseau Tells Tribune
- VIV FP : Activision Blizzard Registers Up to 41.5m Shrs for Vivendi