Dow +0.44% S&P +0.54% Nasdaq +0.75% Russell +0.69%
US market bounce back today helped by a better ISM for june, a reversal in oil. HEalthcare outperf. helped the mkt too. IBB +2.4%, Celgene (CELG 104.60, +4.35) gained 4.3% after signing a confidentiality agreement with Medivation (MDVN 62.33, +0.57). Additionally, Sanofi (SNY 41.23, -0.13) and Pfizer (PFE 35.86, +0.05) signed similar agreements, indicating that each could be exploring a potential transaction with Medivation. Elsewhere, Valeant Pharmaceuticals (VRX 23.06, +3.11) spiked 15.6% after Walgreens Boot Alliance (WBA 81.55, -1.97) announced during its conference call that it is pleased with its relationship with Valeant. Volume were above average with more than 1bil share traded. US After Hours WDC +4.5% following guidance/CFO news, LEDS +59.1% on purchase agreement news. Asian equities are mixed in the wake of a turnaround on Wall St. Mainland China markets are underperforming due to concerns over the banking sector, but the retreat in Tokyo is more mild than yesterday. Korea is supported by strong prelim Q2 results from Samsung Electronics, while energy names boosted Australia despite the warning from S&P on its sovereign credit rating. WTI crude oil was up over 1% in electronic trade after another big draw in API inventories, and gold consolidated recent gains. In Japan, BOJ Gov Kuroda reiterated the central bank will maintain its QE stance as long as it is needed until 2% inflation target is achieved, but acknowledged CPI is likely to remain negative for the time being. Kuroda added the BOJ will consider additional stimulus, but deemed overall financial system to be stable and moderate recovery trend continuing.
Nikkei -0.69% Hang Seng +0.75% CSI -0.51% Shanghai -0.36%
Eur$ 1.1092 CNH 6.6948 CNY 6.6847 JPY 100.72 GBP 1.2976 CHF 0.9749 RUB$ 64.3391 WTI$47.70 +0.57%
S&P -0.04% EuroStoxx +0.76% Dax +0.68% SMI +0.51%
Macro :
- Italian Banks : Four U.S. Funds Seek to Buy Pop Vicenza, Veneto Banca: Corriere
- ESM’s Regling Says ‘Not 100% Sure’ Brexit Will Happen: Les Echos
- API Said to Report U.S. Crude Inventories Fell 6.7M Bbl Last Wk
Keep an eye on :
- ADN LN : Aberdeen Cuts Fund’s Share Price, Temporarily Suspends Trading
- ABLX BB : Ablynx Gets Positive Results From Vobarilizumab Phase 2 Study
- ADS GY : Adidas Aware of Messi Verdict, Remains ’Important’ Ambassador
- AIR FP : Boeing’s Iran Deal Faces Hurdle in U.S. House Panel: Reuters
- ATC NA : Altice Said to Explore Sale of Belgium Unit: FT
- BARC LN : Barclays Wealth Sees Uncertainty, Low Volumes in U.K. Property
- BMPS IM : Italy’s Consob Extends Paschi Net Short-Selling Ban for 3 Months
- BN FP : To buy White Wave (WWAV US ) for $56.25/share - 20% premium - Danone to Buy Whitewave for Enterprise Value of About $12.5b
- DB1 GY : Bats Global Holder Deutsche Boerse Reports 10.2% Passive Stake
- EDP PL : EDP Buys Remaining 5% Stake in Naturgas it Didn’t Already Own
- GATE SW : HNA Extends Gategroup Takeover Offer, Scraps Minimum Acceptance
- GXI GY : Gerresheimer 2Q Revenue Below, Ebitda Ahead; Confirms Guidance
- ILD FP : Wind CEO Sees 3 Italia Merger Approval by Early Sept.: Stampa
- MBTN SW : Meyer Burger Sees New Orders Over CHF 260m for 1H 2016
- MDVN US / SAN FP : Medivation Says Talazoparib Could Be ‘Best in Class’
- MYRT BB : Nyrstar Sets Conversion Premium on EU115m 5% 2022 Notes at 27%
- NOVN VX : Novartis Unit Sandoz Says Egality Meets Endpoint in Psoriasis
- REP SM : Repsol Pays EU149.3 Mln for Rights on New Stock: Filing
- ROG VX : Roche Said to Study Purchase of BioMarin Stake: Betaville
- SCVB SS : Scania Sao Paulo Offices Searched by Police: Dagens Nyheter
- SCMN VX : Swiss Govt Rejects Review of Swisscom State Ownership: HZ
- TIT IM : Wind CEO Sees 3 Italia Merger Approval by Early Sept.: Stampa
- TIT IM : *ITALY MKT REGULATOR HALTS SHORT SELLING FOR TELECOM ITALIA
- LANS NA : FMR Reports Higher Van Lanschot Stake of 5%: Regulatory Filing
- VED LN : Vedanta Chief Says Group Will Invest $1 Billion in Africa: ET
- ZURN VX : Zurich’s Swiss CEO Doesn’t See Big Brexit Impact on Business: HZ