Dow+0.06% S&P+0.20% Nasdaq-0.24% Russell+0.16%
US MArket closed slighlty higher in a shaky session. A defensive pre-market affair focused on the Asian session, during which the Shanghai Composite lost 0.3% despite a $20 billion infusion from the People's Bank of China through open market operations. Oil was able to muster an uptick that coincided with a rebound in European indices, but the energy component was unable to maintain that price level. WTI crude remained weak into the pit close, ending lower by 2.3% at $35.95/bbl. Apple (AAPL 102.71, -2.64) plummeted 2.6% after Nikkei reported Apple is expected to reduce iPhone 6s and 6s Plus production by 30% in Q1. Volume were in line with average at 85mil shares. North Korea has announced it has conducted a successful nuclear hydrogen bomb test, vowing to use its new capability for defensive purposes and to act responsibly as a new member of the nuclear club. In response, South Korea has called for an emergency meeting of the UN Security Council, while Japan cabinet officials indicated they would consider further sanctions on Pyongyang. S&P e-mini futures were down as much as 1% or 20pts below 1,990, and safehaven JPY and US Treasuries strengthened.More PMI data from the Far East has also continued to cloud investment landscape. This time, the services Caixin report from China was surprisingly disappointing at a 17-month low, even though the official non-manufacturing data out earlier was more rosy. China outlets echoed CSRC commentary that the ban on large shareholder stake reduction would remain in place until new rules are announced so as to prevent quick sales in between the policy guidelines. In Japan, Nikkei reported that top management execs are increasingly cautious to boost base wages in the coming spring negotiations like they did the last 2 years, citing China's economic slowdown and Middle East turmoil.
Nikkei -0.99% Hang Seng -0.84% Shanghai +2.25% (Rally on the last 2 hours)
Eur$ 1.0734 JPY 118.65 CNY 6.55 GBP 1.4651 CHF 1.0096 RUB$ 73.6954 WTI %35.90 (-0.25%)
S&P -0.78% EuroStoxx -0.03% Dax -0.20% SMI +0.05%
Macro :
- Saudi Oil Prices Pose No Threat to Iran’s Med Return: Julian Lee
- Qatar Expected to Sign $5.5b Loan Deal This Week, Reuters Says
- China Expects Trade With Russia to Rise in 2016, Mofcom Says
- North Korea Says It Successfully Tested First Hydrogen Bomb
- Yuan Sinks to Five-Year Low as PBOC Surprises With Weaker Fixing
Keep an eye on :
- AAPL US : Apple Seen Cutting iPhone 6S, 6S+ Production by ~30%: Nikkei
- DLG GY : Dialog Semiconductor Falls 3.3% at Tradegate vs Xetra Close
- EDF FP : EDF May Sell More Than EU6b in Assets in 2016, Les Echos Reports
- EURN BB : Euronav COO Staring Spends EU0.67m Exercising Stock Options
- FPM LN : Faroe Petroleum Proved Plus Probable 2P Reserves Est. 60.6 Mmboe
- FCA IM :FCA CEO Marchionne Holds 1.46M Ferrari Shares: Regulatory Filing
- RACE IM : FCA CEO Marchionne Holds 1.46M Ferrari Shares: Regulatory Filing
- GBLB BB : GBL May Invest in Italian Care Center Operator KOS: Tijd Link
- GKP LN : Gulf Keystone Says $15m Received for Shaikan Crude Oil Exports
- HOME LN : Hedge Funds Odey and Immersion Lose as Home Retail Shares Soar
- INGA NA : ING Plans to Sell 33m Shrs in NN Group, Raising About EU1b
- NN NA : ING Plans Sale of $1.1 Billion Shares in Dutch Insurer NN Group
- PLUS LN : Plus500UK Resumes Taking on New Customers
- SAP GY : SAP Top Pick in EU Software at Barclays; Sees ‘Sweet-Spot‘ Ahead
- SLIGR NA : Sligro 2015 Revenue In Line With Estimates, 4Q Revenue Rises
- SOLB BB : Solvay Plans to Sell Polyamide Division, De Tijd Reports
- SHP LN : Cash Div. Use in BXLT-Shire Could Avoid ’Device Test’: Willens
- TOM2 NA : TomTom Offers California, Michigan Automated Driving Maps
- VOW3 : Volkswagen Dec. U.S. Sales Fall 9.1%, Est. Up 0.2%