Dow -0,74% S&P -0,89% Nasdaq -1,29% Russell -1,70%
US Market closed lower with Russell leading the move, S&P open higher and traded in positive territory for the first hour but started to sink after The Financial Times reported, citing Oxford Economics research, that Syriza party in Greece is on track to win enough votes that would translate into a mandate to push back against austerity policies imposed by the European Union, US Treasuries was under pressure, 10-yr yield lower by seven basis points to 1.96% after marking a low just under the 1.89% level. crude oil continued its sharp down trend (traded down to $47,17 - 47.24 now) while fund manager Bill Gross of Janus Capital published his investment outlook for 2015, which revealed that Mr. Gross expects negative returns from ‘many' asset classes. This disclosure wasn't entirely new, considering Mr. Gross was quoted by Reuters yesterday as saying "Be prepared for low returns in almost all asset categories." ...S&P 500 was able to reclaim about a third of its decline during afternoon action with countercyclical sectors lending some support. Consumer staples (unch) and health care (-0.3%) outperformed while the two smallest sectors by weight—telecom services (+0.4%) and utilities (+0.1%)—spent the bulk of the session in positive territory...volume were above average with 915mil shares....VIX @ 21,12 +6,02%...US After Hours ...TWTR - Icahn said didn't bought shares, JCP +19.1%, SONC +4.1%, LIQT -40.2%, MU -4.8% following earnings/guidance...In China, a local press report noted iron ore inventories fell for the 6th straight week and now sit at a 6-month low. This is in line with overnight trade data out of Australia that showed iron ore shipments rise 25% m/m. Economists with Standard Chartered speculated Dec CPI would hit fresh multi-year lows of 1.2% after falling to a 5-year low of 1.4% in November.
Nikkei +0.01% Hang Seng +0.38% Shanghai +0.28%
RUB $63.60 RUB €75.52 WTI $47.24 BRENT $50.32
Eur$ 1.1866 S&P +0.34% EuroStoxx +0.4% Dax +0.35% SMI +0.18%
Macro :
- CPI to be published today @ 11...particularly crucial if it falls into the negative for the first time in 5-years, bolstering expectations of a more aggressive policy response from the ECB
- Japan, France Considering Defense Industry Deal, Nikkei Says
- Syriza Not a Euro Threat, Seeks Debt Relief: Tsipras in Corriere
- Merkel Adviser Warns ECB on QE Plans Before Greek Election: FAZ
Keep an eye on :
- ABI BB : 3G Capital Said to Have $5b of Pledges to Buy Companies: WSJ
- AFR LN : Afren boosted by counterbid hopes - Telegraph
- AIR FP : Airbus Won More Aircraft Orders Than Boeing in 2014: Reuters
- ALV GY : Allianz Seeks German Corporate Clients Gains: Boersen-Zeitung
- BNP FP : Some BNP Retail Clients Affected by Computer Bug, Echos Says
- BVI FP : Bureau Veritas Acquires 70% of Shandong Chengxin
- CSGN VX : Credit Suisse U.K. May Move Some Ops to Dublin: Irish Times
- DL NA : Old Mutual Holds 3.22% Stake in Delta Lloyd, AFM Filing Shows
- EDF FP : French Energy Regulator Says ERDF, GRDF Must Change Logos
- FCA IM : Fiat Chrysler may do more deals after Ferrari spinoff, to reduce or eliminate their stake in Fiat Chrysler
- NOBN VX : Nobel Biocare Says Tullio Di Dio to Succeed CFO Olivier Walker
- PTC PL : PT Portugal EUR 7.4bn acquisition from Oi by Altice faces delays with PT Corruption probe
- RB/ LN : Reckitt-Benckiser sells Maison Verte, O'Cedar and Baranne assets to Milestone Investisseurs (PE)
- RNO FP : Nissan Sees Global Car Demand Growing 2%-3% in 2015, CEO Says
- RIGN VX : Transocean May Be Cut to Junk by Moody’s
- RYA LN : Ryanair Seeks as Much as 20% German Market Share: Handelsblatt
- SAP GY : likely to preannounce 4Q as early as Jan. 9 according to JPM
- SREN VX : Swiss Re Seeking to Sell Its 15% Stake in Brevan Howard: WSJ
- TKA GY : ThyssenKrupp could participate in Europe steel sector consolidation
- DG FP : France Likely to Sign Highway Accord by Jan 15, Les Echos Says