US Market closed lower after opening on a stronger note. The main pockets of weakness in the market were found in the biotech, transport, and semiconductor spaces...HP was strong on Spin off announcement...the energy sector (+0.1%) had a roller-coaster day of trading, vacillating with oil prices, which dipped below $89/bbl before finishing the day at $90.57/bbl, The rebound in oil prices coincided with a break lower in the U.S. Dollar...biggest winner was the telecom services sector (+0.4%) while the biggest loser was the consumer discretionary sector (-0.6%)...VIX @ 15,46 +6,25%...Volume were light @ 530mil shares...US After Hours CAMP +5.8%, IDT +0.6%, TCS -12.3%, EZPW -11.6% following earnings/guidance...BOJ policy statement is delayed by Gov Kuroda's speech at Japan's parliament. Kuroda noted export growth is lacking momentum despite softer JPY and sales tax rise impact has been prolonged, reiterating he is prepared to ease further if the economy undershoots forecasts...Hong Kong PMI contracted for the 2nd consecutive month, though it rose marginally from last month's levels. HSBC economist said "the impact of the cyclical slowdown is being felt through deteriorating labour market conditions, (and) new orders will likely have to pick up more significantly in the coming months before the downward trend in employment reverses." Separately, Hong Kong student leader said the Occupy Central will respond if talks with the govt fail, adding they are not very optimistic about the outcome of negotiations for any constitutional reform...Nikkei -0.48% Hang Seng +0.77%...Shanghai +0.26%
Eur$1.2624 S&P -0.14% EuroStoxx -0.35% FTSE +0.05% (Thxs to GLEN, RIO,...) DAX -0.22% SMI -0.39%
Macro
- Bank of Japan Statement on Monetary Policy Decision: see atatched
- HSBC India Sept. Composite PMI 51.8 vs 51.6 in Aug.
- China equity investors confidence for Sept rose 1.3pts to 70.5; Highest level since Apr 2008 - Shanghai Daily
- French Govt Can’t Cut Spending Further, Eckert Tells Le Figaro
- France Fin Min Sapin: EU Commission can't refuse a budget, they can only give recommendations
keep an eye on :
- AF FP : Air France Set to Announce New Low-Cost Unit Today: Parisien
- ASC LN : Rallied Yesterday on Amazon bid Specultation
- ATC NA : Altice Said to Seek Portugal Telecom Bid to Unravel Oi Merger {NSN ND183R6KLVR6 <go>}
- SPR GY : Axel Springer Increases Stake in Online Magazine Ozy to 16%
- BKIA SM : Bankia Under investigation for tax fraud associated with the "Visa Case" in Spain
- DWNI GY : Deutsche Wohnen to Raise Annual Dividend 15%: Boersen-Zeitung
- GLEN LN : Rio-Glencore Potential Deal Has ‘Substantial Hurdles’: CMC
- LOND LN : London Mining rumoured to have received bid approach from Cape Lambert
- LHA GY : Lufthansa Cargo Faces Pilot Strike on Oct. 8 and 9, Union Says
- MGROS TI : Migros: Anadolu Endustri may bid for whole company in future, pricing may not correspond to market capitalisation
- MMT FP : M6 Audience Share Rose to 10.8% in Sept, Le Figaro Says
- MT NA : ArcelorMittal May Bid Up to EU250 Million for Ilva, Echos Says
- UG FP : Mahindra Unit to Buy 51% Stake in Peugeot Motocycles
- PTC PL : Altice Said to Seek Portugal Telecom Bid to Unravel Oi Merger {NSN ND183R6KLVR6 <go>}
- RHK LN : Rhoen Klinikum to sell Waltershausen-Friedrichroda hospital in structured tender procedure
- RIO LN : Rio Tinto tradin higher on potential Glencore bid RIO + % / GLEN + %
- RIO LN : Rio May Not See Much Value From Possible Glencore Deal: Clarkson
- SAB LN : SABMiller CEO denies Heineken approach was intended to deter Anheuser-Busch InBev bid
- TSCO LN : TPG Looking Into GBP2b Bid for Tesco's Clubcard Arm: Sky
- TSCO LN : Tesco rejected bid approach from TPG for Dunnhumby marketing subsidiary months ago
- TIT IM : Metroweb CEO Says Telecom Italia Stake Would Make Sense: Ansa
- UBSN VX : UBS France to Restructure Asset Management Business: Reuters
- UBSN VX : Switzerland Sent 100 UBS Client Documents to France, NZZ Says
- WDI GY : Wirecard Raises Ebitda Outlook for 2014 on ’Customer Gains’