Dow -0.16% S&P -0.01% Nasdaq +0.21% Russell -0.52%
US Market closed near the flat line. Tech. closed almost flat wed. Heavyweights like Facebook (FB 176.06, +3.23), Alphabet (GOOG 1018.38, +13.23), and Microsoft (MSFT 82.78, +1.19) added between 1.3% and 1.9% but AAPL -0.4%.
consumer staples (+0.6%), utilities (+0.4%), real estate (+0.2%), and industrials (+0.1%) groups also finished Wednesday in the green, but losses from the health care (-0.1%), financials (-0.3%), consumer discretionary (-0.5%), materials (-0.6%), telecom services (-1.0%), and energy (-1.3%) sectors roughly balanced the gains. Energy shares showed particular weakness as the price of crude oil fell to its lowest level in more than two weeks; West Texas Intermediate crude futures tumbled 2.9% to $55.95 per barrel. On a related note, the Department of Energy reported that U.S. crude stockpiles decreased by 5.6 million barrels last week, while the consensus estimate expected a draw of 2.5 million barrels. DaVita (DVA 69.20, +8.27) jumped 13.6% after agreeing to sell its DaVita Medical Group unit to UnitedHealth's (UNH 219.94, -0.15) Optum for approximately $4.9 billion in cash. Vera Bradly(VRA 11.03, +2.39) surged 27.7% after reporting above-consensus earnings and issuing upbeat profit guidance for the holiday season. US After Hours TLRD +14%, CMTL +8%, LULU +7%, OKTA +5%, AVGO +4%, VRNT -6% following earnings/guidance. ASIAN MARKETS – ARE MIXED on Thursday. With the US tech sector leading market strength overnight, high profile tech names like Nintendo and Tokyo Electron have helped drive a recovery on THE NIKKEI. Meanwhile the yen has turned lower and JGB yields have risen with the 10Y rate up 1 bp. Remarking earlier, BoJ Governor Kuroda reiterated a need for continued monetary easing while also warning prolonged low rates could weigh on bank earnings. MAINLAND EQUITIES have extended declines with focus remaining on regulation after China’s banking watchdog drafted new requirements to curb liquidity risks. The IMF also cited complex system risks in its financial assessment of the country, urging authorities to focus on ensuring stability. Commodities have steadied in after-hours trade, with oil near overnight lows that followed bearish DOE inventory data
Nikkei +1.45% Hang Seng +0.10% CSI -1.46% Shanghai -1.02% Shenzen -0.67%
Eur$ 1.1792 CNH 6.6181 CNY 6.6153 JPY 112.56 GBP 1.3374 CHF 0.9909 RUB 59.2850 WTI$ 55.95 -0.01%
S&P +0.15% EuroStoxx +0.25% FTSE +0.16% Dax +0.38% SMI +0.27%
Macro :
- Millennium Is Said to Hire Caxton Alum Greg Knight as Manager
- Goldman Sachs Asset Sees More Share Gains, Likes Emerging Stocks
- Banks Seen Losing Up to 15% of Europe Stock Trading Under MiFID
Keep an eye on :
- AOI SS : Africa Oil CEO Eyes 4 Potential Acquisition Candidates: DI
- AIR FP : Airbus Says Order Book for A320 Family Rose by 45 in November
- ALV GY : California Says Insured Losses From Oct. Wildfires Top $9.4b
- ARYN SW : Aryzta to Use EU110m of Notes Sale’s Proceeds for Dividend
- BNP FP : BNP Paribas CFO Discounts Commerzbank Takeover Speculation: BZ
- CRG IM : Carige Sells 80.1% Stake in Creditis to Chenavari for EU80.1M
- ACA FP : Credit Agricole Sets Sight on EU100B Green Financing by 2020
- CBK GY : BNP Paribas CFO Discounts Commerzbank Takeover Speculation: BZ
- DB1 GY : Deutsche Boerse Chairman Faber Mulls Stepping Down: Handelsblatt
- EDF FP : EDF Posts Objection to Paladin Energy Recapitalization Proposal
- ELIOR FP : Elior Will Go Back to High Liquidity Situation in 2019: CFO
- KN FP : Natixis, Oddo BHF Study Joining Forces in Equity Brokerage, ECM
- OR FP : L’Oreal CEO Agon Sees No Reason for Nestle to Change Stake
- MO US : Philip Morris Best Positioned For Japan Tax Change: Wells Fargo
- PRU LN : *PRUDENTIAL IS SAID SEEKING BIDS FOR ~GPB13B OF ANNUITIES: SKY
- SAN FP : Sanofi Seeks More Partnerships with China State-Owned Companies
- SGO FP : Saint-Gobain Buys Greek Coatings Maker Maris Polymers
- SNG GY : Singulus to Implement Capital Increase of Up to 10% Shr Capital
- SNH GY : Steinhoff Considering Recoverability of Abt EU6 Billion Assets
- UBER IPO : Uber Head of Business Development in Europe Steps Down: FT
- VOLVB SS : Volvo’s Business Model is Threatened, DNB Says, Cutting to Sell