Dow -0.07% S&P +0.05% Nasdaq -0.17% Russell -0.17% VIX 12.83 (-1.23%) VXX 33.20 (-0.90%)
US Market closed near closed to the flat line ahead of job report today. Long-term interest rates continued their recent climb despite some dovish-sounding minutes from the European Central Bank's (ECB) September meeting and accommodative jawboning from ECB Vice President Vitor Constancio. Real Estate, Consumer Staples, Utilities & and telco (yield plays) closed off their worst levels after underperforming this week with yield higher. Six sectors ended in the green today with materials (+0.8%) and technology (+0.2%) leading the advance. Crude oil ($50.44/bbl; +$0.68; +1.4%). IBB -2.3%. Twitter (TWTR 19.87, -5.00) tumbled 20.2% after reports signaled that Apple (AAPL 113.89, +0.84), Alphabet (GOOG 776.86, +0.39), and Disney (DIS 92.83, +0.38) are unlikely to pursue bids for Twitter. Volume were below average with 796mil shares. US After Hours GPS +6% on September comps, RT -10% on earnings/discontinuation of guidance. GBP/USD "flash-crashed" unexpected in low-liquidity early Asian trade, falling by over 8 handles from just above 1.26 to below 1.18. There was no associated news with the event, though some analysts have noted the mention of a hard Brexit by French President Hollande in late US hours. FX traders await more details on what was likely a large order setting off brisk algo selling in what has already been a one-way trade over the past week. China FX reserves outflows have accelerated, falling over $20B to $3.166B - the biggest decline in 4 months and also 3rd straight month of outflows. Analysts suggest the data signifies the extent of PBoC intervention in China currency. Japan PM Abe's economic adviser Honda made a more vocal plea for increase in fiscal stimulus and expanded monetary easy by the BOJ as soon as next month, attributing limited progress on inflation to fiscal restaint of the govt.
Nikkei -0.31% Hang Seng -0.50% CSI Closed Shanghai Closed
Eur$ 1.1121 CNH 6.7134 CNY 6.6718 JPY 103.93 GBP 1.2465 CHF 0.9823 RUB 62.1890 WTI $50.49 (+0.10%)
S&P -0.22% EuroStoxx -0.13% FTSE +0.62% Dax -0.22% SMI +0.02%
Macro :
- Fed Survey Reports Expected Changes Due to Money-Fund Reforms
- Fed Running Out of Excuses to Avoid Rate Hike, TIAA’s Nick Says
- Pound Flash Crash Has Traders Blaming Algos for Selling Frenzy
- Fed Hike Odds Jump to 64% From Coin Toss as Payrolls Test Looms
- Foreigners in London ‘Horrified’ by May’s Immigration Vision
Keep an eye on :
- ABEO FP : Abeo to Raise EU20.7M in Paris IPO; Price Set at EU16.84/Share
- ABN NA : Nordea Said to Have Held Talks to Merge With ABN; Plan Rejected
- AIR FP : Airbus Said to Have Made Offer for Leonardo’s MBDA Stake: Sole
- ASML NA : ASML CEO Still Sees Full EUV Machine Production in 3 Yrs: FD
- CBK GY : Commerzbank to Cut Management Posts by 3 to 41: Boersen-Zeitung
- DL NA : Holder Dasym May Not Oppose NN Bid for Delta Lloyd: Telegraaf
- DL NA : Delta Lloyd Said Planning to Reject Approach From NN Group
- DBK GY : Deutsche Bank Said to Eye Asset Management Unit IPO: FT
- DBK GY : German DAX CEOs Said to Have Discussed Deutsche Bank Support: HB
- DBK GY : Deutsche Bank Hires Two for Structured-Products Team in New York
- EOAN GY : Cevian Said to Evaluate Buying Stake in Eon: Rheinische Post
- INDUC SS : Industrivaerden Wants to Own Shares in Both SCA Companies: DI
- LEO GY : Leoni Evaluates Takeovers, Divestments in Asset Review: Wiwo
- LDI IM : Airbus Said to Have Made Offer for Leonardo’s MBDA Stake: Sole
- NDA SS : Nordea Said to Have Held Talks to Merge With ABN; Plan Rejected
- RWE GY : RWE Sells 55.6m Innogy Shares at EU36 in Frankfurt IPO
- SAF FP : Safran CEO Says Organic Growth Is Priority: La Tribune
- SAN FP : Sanofi Gets $37.6m U.S. Government Contract to Supply Leukine
- SFR FP : SFR Group Mulling Plan to Move Headquarters Within Paris: Echos
- SNAP IPO : Snapchat Said to Prepare Documents for IPO as Soon as March
- FP FP : Total Close to Selling Atotech to Carlyle: Les Echos
- TUI LN : TUI Fly Scraps Operations Friday After Employees Call in Sick
- TWTR US : Charles Gasparino: @salesforce @Benioff facing pressure from his own execs AND investors to rebuff poss $twtr deal
- VIV FP : Vivendi Starts Premium Music-Video Service in Brazil With Vivo
- VOW3 GY : VW Plans to Shift Decision-Making to Brands, Regions: Boersen Z
- ZC FP : Safran CEO Says Organic Growth Is Priority: La Tribune