Dow +0.46% S&P+1.05% Nasdaq+1.59% Russell+1.18% VIX 14.09 (-8.62%)
US Market closed higher following the Crude. WTI crude ended its day higher by 5.0% at $37.74/bbl, helped by lower inventories in the US. FOMC meeting indicated that an April rate hike was discussed at the meeting, but ongoing concerns regarding global economic and financial developments warranted a more cautious approach. Meanwhile, the committee produced diverging opinions on whether the recent uptick in inflation was transitory or if it represented a firming trend. health care space (+2.7%) ended its day ahead of commodity-sensitive energy (+2.1%) and the consumer discretionary (+0.9%) sector while countercyclical telecom services (-1.0%) and utilities (-0.1%) were the only two sectors in the red. IBB+2%, VRX+18.9% after Pershing Square comments, AGN+3.5%. AMZN+2.7% on news of Kindle. Rebound still in low volume with only 844mil shares. US After Hours VRX +4% after WSJ report of debt amendment agreement; BBBY +2.8% following earnings, TEX+4.2% Zoomlion (ZLIOY) is looking to provide assurances to Terex investors over its proposed acquisition offer, according to Reuters, S +2.2% (signs $2.2 billion deal for the sale and lease-back of certain existing network assets). Asian equity markets are mixed with investors processing the latest set of minutes from the FOMC while looking ahead to pivota FX reserves data for China. Volatility in Japanese Yen has persisted, as USD/JPY pair hit new 17-month lows below 109.20. Govt spokesperson Suga remarked that FX markets are becoming one-sided, that the govt is watching exchange rate with vigilance and is prepared to act if necessary.
Corporate : Samsung -1.6% ZTE -9.4%
Nikkei -0.03% Hang Seng+0.09% Shanghai -1.14%
Eur$1.1420 CNH 6.4786 CNY 6.4658 JPY 108.85 GBP 1.4152 RUB$ 67.5589 WTI$38.17(+1.11%)
S&P -0.06% EuroStoxx+0.28% Dax+0.26% SMI+0.58%
Macro :
- Tiger Global’s Hedge Fund Said to Drop 22% in 1Q, DJ Says
- Tax Havens to Be Discussed at Japan G-7 Summit in May: Mainichi
- China’s Didi Said to Raise Fundraising Target to More Than $1.5b (Uber Competitor in China)
Keep an eye on :
- A2A IM : A2A Debt Cut a Key Positive, Raised to Outperform at Mediobanca
- ATC NA :Altice NV: SFR announces successful refinancing, placing $5.2bn of Senior Secured Notes
- ATL IM : Atlantia, Edf Invest Target Nice Airport Stake: La Tribune
- BNP FP : BNP Paribas Sued by Ex-Spot Currency Trading Head Bob de Groot
- CDR SM : Codere Issues EU494m of New Stock in Debt-for-Equity Swap
- DNLM LN : Dunelm 3Q LFL Sales, Gross Margin Beat Ests.
- GLEN LN : Glencore Expected to Sell Lomas Bayas, Cobar Mines: Jefferies
- HMB SS : *FAST RETAILING CUTS OP PROFIT OUTLOOK TO 120.0B YEN FROM 180.0B -- Profit Warning -4%
- ICAD FP : Caisse des Depots’s 2015 Net Falls 24% on Icade Losses
- INDUC SS : Industrivaerden Sells Shares in Holdings for SEK1.2b, DI Says
- ITX SM : *FAST RETAILING CUTS OP PROFIT OUTLOOK TO 120.0B YEN FROM 180.0B -- Profit Warning -4%
- LSE LN : Bats Global Markets Said to Plan IPO for End of Next Week
- MKS LN : see significant increase in clothing and home gross margin, now expected to be between +240 to +250bps
- NOVN VX : Novartis Gets EU Nod for Revolade for Children With Chronic ITP
- PFD LN : Premier Foods says takeover talks with McCormick ‘constructive’ - FT
- SAN SM : Unions Expect Santander to Cut 800 More Jobs: El Confidencial
- SHP LN : Shire Sees Baxalta Deal Completed by Mid-2016
- STR AB : Strabag Concludes Deal With Zueblin Minority Shareholders
- TEX US : Zoomlion Said to Provide Assurances to Terex Over Deal: Reuters
- TSLA US : TSLA May ‘Justify’ $3b Fund Raise With Car Demand: Barclays
- UCG IM : UniCredit Said to Plan for Vicenza IPO as State Backing Mulled
- UTX US : Pratt & Whitney Seeks to Sell Belgian Unit: L’Echo Link
- DG FP : Vinci-Led JV Wins EU496m Paris Region Train Station Contract
- DG FP : Orix, Vinci on Shortlist for Managing Japan Toll Roads: Reuters
- VOLVB SS : Volvo Plans to Test Self-Driving Cars in China: Reuters
- VOW3 GY : German Authority Said to Find Only VW Cheated Emission Tests: HB
- VOW3 GY : VW Declines to Comment on U.S. Franchise Dealer Lawsuit
- WDI GY : Wirecard 2015 Net, EPS Miss; Higher Div. Misses BDVD Forecast