Dow+0.05% S&P-0.02% Nasdaq-0.18% Russell-0.47%
US Market closed near the flat line ahead of tomorrow April Employment Situation Report (consensus 207k). WTI crude traded as high as $45.98/bbl as investors weighed the impact of a wildfire in the Canadian oil sands town of Fort McMurray (17% of Canada output). consumer discretionary (-0.6%), telecom services (-0.6%), materials (-0.5%), and utilities (-0.4%), energy (+0.7%) and health care (+0.5%). Volume were above recent average with 949mil shares.
Best Perf : APA+8.06%, WMB+6.91%, WFM+5.96%, REGN+4.74% Worst Perf : MUR-7.77%, FCX-4.32%, CF-4.11%. USAfter Hours HLF+14%, RATE +14%, YELP +9%, ENDP -24%, SQ -13%, FEYE -9%, DATA -6%, GPRO -4% following earnings/guidance, CRME+31.7% on AGN Agreement, SPHS+22.6% on +ve Phase 3, KMPH-53.4% on DPA Decision. Asian equity markets remained under pressure as bearish momentum appears to have permeated investor sentiment going into the key data point of the week. A strong US non-farm payrolls on Friday could justify seemingly more hawkish rhetoric from Fed officials hinting that June FOMC Meeting remains live in spite of the fixed income market indications to the contrary. Alternatively, a soft report, as hinted by this week's 3-year low in ADP, could help reverse those expectations and weaken the dollar.China policymakers took more steps to address the growing debt bubble, as regulators had reportedly imposed tighter underwriting requirements for private company bonds. Effective later this year, brokers will require potential issuers to have credit rating higher than AA. Japan resumed its trade after a 3-day break with outsized declines in shares of Sharp after recent speculation of deep FY15/16 net loss. On the macro front, Japan LDP party VP raised the possibility of a delay to sales tax hike, echoing concern of his colleague Yamamoto.
Nikkei -0.50% Hang Seng -1.22% Shanghai -1.72%
Eur$1.1402 CNH 6.5182 CNY 6.5059 JPY 107.20 GBP 1.4475 CHF 0.9689 RUB$66.0717 WTI$43.88 (-0.99%)
S&P -0.07% EuroStoxx-0.10% Dax-0.13% SMI-0.27%
Macro :
- SpaceX Nails Droneship Landing, Returns Rocket’s First Stage
- The Book That Will Save Banking From Itself: Michael Lewis
- Gundlach: ECB, BOJ Will Go More Negative on Rates
- Uber’s China Rival Said Close to Raising $2b in New Funding
- Russia Seeks RU450b From State Companies for Budget: Vedomosti
- Nikkei Japan April Composite PMI 48.9 vs 49.9 in March
- SocGen Sees 32 Additions to MSCI DM, 15 to MSCI EM in May
Keep an eye on :
- ABG SM : Abengoa may have received offers some of its transmission lines - Exame
- ADS GY : NKE-1.92% pushed lower by the perf of retail sector
- AIR FP : Arianespace CEO Warns SpaceX May Lower Prices: Le Monde
- AIR FP : Boeing Reports 15 New 787 Orders, One 777 for FedEx
- AIR FP : Airbus CEO Enders Says 2H Will Be More Active Than 1H: Les Echos
- ALO FP : Dutch Railways Will Order 80 Alstom Trains, De Telegraaf Says
- MT NA : ArcelorMittal 1Q Sales Below, Ebitda Inline With Estimates
- ATVI US : Activision Boosts Yr Outlook as 1Q Adj. EPS, Rev. Top Ests.
- BHI US : GE or Carlyle Group could be interested by the company - http://bit.ly/24vaivH
- BMPS IM : Monte Paschi 1Q Profit Falls on Lower Lending, Trading Income
- BMPS IM : Monte Paschi 1Q Shows Positive Step on Asset Quality: Barclays
- CABK SM : CaixaBank Parent Co. to Transfer EU100m to La Caixa Foundation
- CFN PL : Cofina 1Q Ebitda EU2.9m vs EU3.1m Y/y
- CNA LN : Centrica Sells 350m Shares at 200 Pence/Share
- DWA US : Dreamworks 1Q EPS, Rev. Top Ests.
- ENEL IM : Enel close to making offer for fiber network firm Metroweb: sources http://reut.rs/1UCtnWH
- FAGR BB : Fagron Says Agreement Reached With Its Financiers, Investors
- SFER IM : Ferragamo Says in Talks With Eraldo Poletto for CEO Job
- GPRO US : GoPro 1Q Adj. Loss Wider Than Est., Rev. Beats, GoPro Reverses Post-Market Gains; Sees ‘Modest’ Q/q Growth in 2Q
- IAG LN : Reiterate Buy at CS with PT of 721p, 41% upside
- MDVN US : Medivation Says Big Shareholders Support Position on Sanofi Bid
- OHL SM : Saudi Arabia Stops Paying Mecca Train Construction: Expansion
- RLIA SM : accepatance period for Inversora Craso €0.80 take-over bid starts today and ends on May 19th. (El Economista)
- REC BB : Recticel Sees 2016 Combined Adj. Ebitda Up 10% With Higher Sales
- RNO FP : Renault to Invest EU600m in Production in Spain, Les Echos Says
- RHK GY : Rhoen-Klinikum 1Q Ebitda Slightly Beats; Confirms 2016 Guidance
- SAN FP : Medivation Reiterates Rejection of Sanofi’s Unsolicited Bid
- SAP GY : Apple and SAP to Develop iPhone, iPad Apps for Businesses
- SKG ID : Smurfit Kappa 1Q Revenue, Ebitda In Line With Estimates
- SONC PL : Sonae Capital 1Q Net Loss EU2.68m vs Loss EU3.88m Y/y
- TIT IM : *TELECOM ITALIA MAY WITHDRAW INWIT SALE, SOLE SAYS
- TEVA IT : Teva Said Finalizing Asset Sales to Clear Allergan Deal: Reuters