Dow-0,48% S&P-0,45% Nasdaq-0,40% Russell+0,32%
US Market closed lower for second day in a row, closing below its 100d MA. Fed Chair Janet Yellen reminded investors that equity valuations are "generally quite high" and that raising the fed funds rate is likely to be followed by a spike in Treasury yields..Technology was weak with all big names under performing...Semi & Biotech Out performed...staple & Basic Materials closed near the flat line as Telecom Services (-1.2%) & utilities under performed..Crude oil was weak and push energy lower...volume were ahead of recent days @ 800mil shares traded...US After Hours BEAT +12%, ZNGA +5.8%, TRIP +5.2%, NUS -17.3%, WFM -11.3%, GMCR -11% following earnings/guidance...Anne Taylor (ANN) +9.1% (Seeing reports that co is in potential takeover talks with Golden Gate Capital as suitor)...Asian markets extend in negative territory with Japan returned from Golden Week holiday. Shanghai Composite dived 1.4% in morning session deepening fears for speculation on margin control and new listings to snap funds from markets. Japan services sector moved back into expansion for the first time in three months.
Nikkei -1.35% Hang Seng -1% Shanghai -1.82%
Eur$1.1363 RUB $50.8622 EURCHF 1.0392 CHF 0.9145 GBP 1.5246 JPY 119.45 WTI $60.56 (-0.6%)
S&P +0.04% euroStoxx -0.35% Dax -0.12% SMI -0.23%
Macro :
- Gross’s ‘Short of a Lifetime’ Sours as Bund Slump Surprises
- ECB Decision on Greek Haircuts Said to Depend on Political Talks
- Next BOJ Stimulus Boost Seen Coming Later by Three Banks
- Yellen Says Stock Valuations ‘Quite High,’ Bond Yields Low
- The End of Mark Mobius’s Reign as King of Emerging-Market Stocks
Keep an eye on :
- ARL GY : Aareal Bank 1Q Net Interest Income Rises 24%; Confirms Forecast
- ADEN VX : Adecco CEO De Maeseneire to Step Down, CFO de Daniel to Leave, Alain Dehaze new CEO
- ALU FP : Alcatel-Lucent Sees Positive Free Cash Flow in 2015, CEO Says
- ANA SM : Acciona mulls listing of its entire renewable assets portfolio (KKR bought 33% for 400mil last year)
- MT NA : ArcelorMittal 1Q Ebitda Misses; Reduces FY Forecast on Iron Ore, Cuts Forec. as Iron-Ore Rout Halts Steel Gains
- CS FP : AXA 1Q Total Rev. EU31.5b vs EU28.5b
- SPR GY : Axel Springer 1Q Sales Rise 13%; Confirms 2015 Outlook
- BAS GY : BASF Sells Custom Synthesis Business, Parts of API to Siegfried
- AFX GY : Carl Zeiss Meditec Sees Mid-Term Ebit Margin of 13%-15%
- CBK GY : Commerzbank Targets CET1 ‘Significantly’ Above 10% by End-2015
- CNP FP : CNP Assurances Says 1Q Net Rises 9.8% to EU280m
- DLG GY : Dialog Semiconductor 1Q Sales, Op. Profit Beat Ests.,
- EBC1V FH : Elektrobit Sees 2015 Net Sales, Op. Result Growing vs 2014 Level
- ELIOR FP : Elior Investors Selling 16.4 Mln Shrs in Bookbuilding
- ENTRA NO : Entra 1Q Net Income NOK936m vs NOK68m yr ago
- EBS AV : Erste Bank 1Q Net Income EU226m, Beats Ests; Outlook Confirmed
- RF FP : Eurazeo to Give 1 Free Share for 20 Held
- EVK GY : CVC Sells 22m Evonik Shrs at EU31.85/Shr (Range was €31.70 to mkt price)
- FRA GY : Fraport 1Q Ebitda Rose 14% to EU153m, Outlook Confirmed
- FNTN GY : Freenet 1Q Rev. EU748.5m , Est. EU718.3m
- GLPG NA : Galapagos Says Johnson & Johnson Unit May Buy $25m of Stock
- GAM SM : Gamesa 1Q Net EU62M vs EU17M a Year Earlier
- GTO NA : Gemalto considering security-related technology buys in LatAm, executive says
- INGA NA : ING Bank 1Q Underlying Profit EU1.19b; ROE 12.2%
- ING FP : Fosun is taking a 20% stake in Ingenico chinese Branch.
- KGX GY : Kion 1Q Rev. Rises 7%, Confirms 2015 Outlook; Buys Egemin Unit
- LI FP : BNP Paribas Selling 22m Shrs in Klepierre Bookbuild, 7% of Capital, shares placed @ €39.60
- KCO GY : Kloeckner 1Q Ebitda Drops, Says 2015 Target Is Very Ambitious
- LXS GY : Lanxess 1Q Ebitda Ex-Items In Line, Raises 2015 Guidance
- LR FP : Legrand 1Q Sales in Line With Ests.; Confirms 2015 Forecasts
- TL5 SM : Mediaset Espana 1Q Net EU36.4M Vs EU12.8M a Yr Earlier
- MEO GY : Haniel Placed 16.25m Shares in Metro at EU30.37/Shr
- MUV2 GY : Munich Re 1Q Net Income Drops 16% to EU790m; Est. EU787.3m
- KN FP : Natixis 1Q Net EU287m vs EU270m Y/y
- KN FP : Natixis Says French Market Regulator Probing Asset Mgmt Unit
- ORA FP : Orange Said to Be in Talks With Masmovil Over Spain Fiber Sale
- ORK NO : Orkla 1Q Net Rises More Than Est.; Weaker NOK, SEK Raising Costs
- P1Z GY : Patrizia 1Q Operating Result Drops, Confirms Outlook
- PSM GY : ProSiebenSat.1 1Q Sales, Recurring Ebitda Beat; Confirms Targets
- RHM GY : Rheinmetall 1Q Ebit EU22m vs Loss Y/y
- RHK GY : Rhoen-Klinikum Confirms 2015 Forecast After 1Q Results
- RIO LN : Rio Has No Desire to Flood Iron Ore Market, Du Plessis Says
- ROG VX : Roche FDA Breakthrough Therapy Designation for BCL-2 Inhibitor
- RTL BB : RTL 1Q Sales in Line With Ests., Net Attr Up 17%; Keeps Targets
- SIE GY : Siemens 2Q Industrial Profit Margin Drops, to Cut Jobs
- SIX2 GY : Sixt Leasing Places 12.4m Shrs for IPO Net Proceeds of EU98.7m
- SAZ GY : Stada 1Q Sales, Adj. Ebitda Miss Ests.; Keeps 2015 Forecast
- UHR VX : Swatch Plans 2016 Release of Long-Life Smartwatch Battery: Rtrs, Hayek Calls Apple Watch ‘Opportunity’ for Swatch: Handeslzeitung
- SWECB SS : Sweco 1Q Operating Profit Meets Ests.; Says Mkt Still Improving
- TEG GY : TAG Immobilien 1Q FFO I EU18.1m vs EU19.2m
- HO FP : Thales to benefit from recent Rafale order - Moody's
- VIE FP : Veolia 1Q Rev. in Line With Ests.; Confirms 2015 Targets, Veolia ‘Not Working’ on Any Plan to Buy Areva Assets: CEO
- VOD LN : FT Article on Potential break up of the company - Full article in your inbox
- WIE AV : Wienerberger 1Q Rev., Ebitda Beat Ests.; Keeps Profit Target
- ZURN VX : Zurich Insurance 1Q Net $1.22b; Est $1.08b; Combined Ratio Rises