US Market closed on a week note, renewed fears on potential Greek exit from the eurozone put pressure on European markets and on the US too, Euro & Crude continue to trade lower...All ten sectors finished in the red with energy (-4.0%) spending the entire session at the bottom of the leaderboard. The growth-sensitive group endured aggressive selling in crude oil that caused the commodity to dip below the $50.00/bbl level for the first time since April 2009. The energy component settled lower by 5.3% at $50.03/bbl and continued inching down in electronic trade...volume were ahead of average @ 823mil shares...VIX @ 19,92 +11,97%...Today Factory Orders for November (consensus -0.4%) and the ISM Services Index for December (consensus 58.5) will both be released at 10:00 ET...US after hours NSPR +28.2%, AOL +11.9% (VZ to be interested in its programmatic ad tech), HLX +0.7%, XOOM -14.0%, EBF -1.4% following earnings/guidance...Negative sentiment spread to asian markets...Nikkei -3.02% Hang Seng-1.36% Shanghai -0.49%...In spite the broad-based equity selloff, there was some silver lining in the form of improving PMI figures. Hong Kong PMI returned to expansion for the first time in 5 months, as "private sector new orders returning to growth after seven consecutive months." China services PMI hit a 3-month high, with composite marking 8th month of expansion, as HSBC economist cited employment index improving modestly. Lastly, Japan services PMI of 51.7 was up from 50.6, and Markit economists also noted some employment growth despite subdued demand conditions. energy sector silll under pressure in Asia...with australian names under pressure
RUB $60.75 RUB €72.98 WTI $50.11 BRENT $53.17
Eur$ 1.1966 S&P -0.10% EuroStoxx +0.30% Dax -0.03% SMI -0.39%
Macro :
- ECB May Study Three Bond-Buying Options: Financieele Dagblad
- Ifo’s Sinn Says Only Euro-Exit Can Prevent Greece Bankruptcy: HB
- China Said to Accelerate $1T in 2015 Projects to Boost Growth
- HSBC China Dec. Services PMI 53.4 vs 53 in Nov.
- Markit/JMMA Japan Dec. Composite PMI 51.9 vs 51.2 in Nov.
Keep an eye on :
- BARC LN : French Court Rejects Barclays France Job-Cut Plan, Echos Says
- BES PL : U.K.’s FCA May Fine BES Unit for Violating Listing Rules: WSJ
- BMW GY : Rolls-Royce Reports Record Sales as U.S. Remains Largest Market
- CGG FP : CGG Sees Record Quarterly Multi-Client Sales in 4Q
- CYTN SW : Cytos Proposes Converting Bonds to Shares to Avoid Liquidation
- ANN GY : Gagfah/Deutsche Annington see BKartA Phase I running to late
- EDF FP : Regulated gas tariffs in France are expected to fall approx 1% starting Feb 1st - French press
- GSZ FP : GDF Suez Plans Low-Cost Retail Offer, Les Echos Says
- GSZ FP : Regulated gas tariffs in France are expected to fall approx 1% starting Feb 1st - French press
- MMT FP : M6 Sees Improvement in Audiences in 2015, Les Echos Says
- MUV2 GY : Munich Re Expects Further Growth in China Market: Morning Post
- UG FP : Peugeot Citroen 2014 China Sales Rose 28% to 704,000, Echos Says
- PRZ LN : Prezzo shareholder Elliott Advisors ups stake, could push TPG for revised bid (TPG is bidding 126.5p, 62% of shareholders back the TPG deal, to succeed they need 75%
- TSCO LN : Tesco's upcoming sale of South Korean operations draws interest of PEFs
- TOM2 NA :
- VWS DC : EDF Renewable, Vestas Set Terms for Up to 1GW of Future Orders