Dow-1.47% S&P-1.31% Nasdaq-1.14% Russell-1.45% VIX 20.59 (+6.46%)
US Market closed for a third day lower. YTD Dow -2.31%, S&P-1.96% EuroStoxx-3.92% Dax-4.92% Nikkei -2.48% Shanghai-5.30% still on global concerns on global growth & Oil price. PBOC devalued CNY to lowest level in five years. All Asian markets were also lower on tension with north Korea after Bomb H test. Oil sunk further on the day following the weekly gasoline inventories that reported a build of 10.5 million barrels. WTI crude ended its pit session lower by 5.4% at $34.04/bbl. FOMC showed that it was generally agreed that liftoff conditions were met in December. Interestingly, that did not stop some members from voicing concerns about a "considerable" risk to the inflation outlook. Despite the December rate hike, the minutes struck a dovish tone, leading to renewed worries that the Fed may have embarked on a tightening path amid less-than-ideal macroeconomic conditions. Speaking of less-than-ideal macroeconomic conditions, the World Bank lowered its 2016 global growth forecast to 2.9% from 3.3%, blaming a slowdown in emerging markets for the downward adjustment. Volume were above average with more than 1bil shares traded. Asian equity markets are down sharply as China's key indices are unable to complete the full trading session for the 2nd time in the week. Unlike Monday however, when the circuit breakers were set off in the afternoon hours, CSI 300 index reached the 7% threshold in the first 30 minutes of trade. US equity futures are down over 1.68%, crude oil is down another 3.5% ($32.70), while safehaven Gold, US Treasuries, and JPY are bid firmly. USD/JPY fell over 100pips below 117.70, S&P 500 futures fell below 1,960, Shanghai Composite 7% drop took the index below 3,290 - a 3-month low also seen in US markets.
Nikkei -2.33% Hang Seng -2.93% Shanghai -7.32% (halted after 30mnts trading)
Eur$ 1.0819 CNY 6.5937 JPY 117.85 GBP 1.4630 CHF 1.0026 RUB$ 75.66 WTI $32.70(3.75%)
S&P -1.69% EuroStoxx -2.5% Dax-2.5% SMI -1.73%
Macro :
- Chinese Stocks Halted as Weak Yuan Fixing Deepens Market Turmoil
- China Regulator Said to Discuss Markets Without Taking Action
- Fed’s Dec. Minutes Cite Several Reasons for Gradual Pace
- FOMC Member Saw Decision to Raise Rates a “Close Call”
- Soros Says Global Markets at the Beginning of a Crisis
Keep an eye on :
- AF FP : Air France-KLM to Show Operating Profit for 2015: CEO Juniac
- AREIT SP : Blackstone, Gaw Said to Weigh Ascendas Bids: Reuters
- BMW GY : Brillance (1114) -3.9% in HK
- BO DC : Danish B&O Retailers Wants New Owner to Boost Sales: Borsen
- DEC FP : Lamar Said in Talks to Buy Clear Channel Outdoor Assets: Rtrs
- DPW GY : Amazon to Build Own German Parcel Distribution Network, DVZ Says
- ENGI FP : French Regulated Gas Prices to Fall by Close to 2% Feb 1: AFP
- FCC SM : FCC shareholder Carlos Slim readies for full takeover as regulator probes control
- GLEN LN : -4.7% in HK
- HOME LN : Home Retail Group could see rival bid from Clayton Dubilier & Rice and Terry Leahy
- HOME LN : Sainsbury shareholder QIA not happy about bid for HRG, could block deal
- HSBA LN : HSBC Falls to 3-Mo. Low in H.K. After Downgraded by JPMorgan (-2.87% in HK, in line with Market)
- IMT LN : Reportedly China National Tobacco to launch cash bid for £45/shr - financial press
- LLOY LN : Lloyds Seen Probed Over Possible Gov.-Bond Mkt Manipulation: WSJ
- MC FP : Prada -5.41% in HK
- ROG VX : Reiterate CL Buy at GS
- SBRY LN : Sainsbury shareholder QIA not happy about bid for HRG, could block deal
- SHP LN : FT : Shire deal hinges on Baxalta tax status - http://on.ft.com/1OAzxDw
- SHP LN : Shire bid for Baxalta depends on whether increased cash component would trigger tax liability
- STAN LN : DBS, Standard Chartered Said to Face Chinese Currency Curbs --> Standard -4.55% in HK
- VIV FP : China Wanda May Announce Legendary Purchase Next Tuesday: News