Dow-0.66% S&P-0.70% Nasdaq-0.79% Russell-1.61%
US Market closed lower but managed to close above its 200d MA. Cyclical were weak with energy -3.7%, WTI-5.9% @ $37.63/bbl. consumer staples sector (+0.3%) held a modest gain throughout the day, largely thanks to a 72.0% surge in KeurigMountainGreen (GMCR 88.89, +37.19) after the company agreed to be acquired by an investor group led by JAB Holding Company for $92/share, which translates to roughly $13.90 billion. utilities (+0.3%) and telecom services (+0.6%) posted gains while the fourth countercyclical sector—health care (-0.6%)—could not make it out of the red. volume were above average @ 925mil shares. US After Hours ORIG +12.6%, DRYS +5.4%, CENT +2.2%, ENZ +1.7%, TXMD +37.4% on phase 3, ANAD +17.7% on end of Go Shop period. Steep declines in energy that helped send US markets lower on Monday is also feeding into weakness in Asia,Oil Search decline is exacerbated by Woodside Petroleum walking away from any partnership, while shares of CNOOC are down by over 4%. Firmer JPY weighted on NKY. Japan dodged a technical recession with Q3 final GDP revised to a positive print. Private consumption was revised down to 0.4% from 0.5% prelim, but corporate Capex recovered to +0.6% v -1.3% prelim. Exports were also revised slightly higher from the initial print to 2.7% v 2.6% prior. Amari remarked the data were a positive surprise, but cautioned that the govt's overall FY15 GDP target remains ambitious even with this revision. Markets repriced expectations of further BOJ easing, matching the sentiment expressed by an earlier Nikkei feature suggesting support for further BOJ policy easing is waning and could result in even stronger JPY if markets lose confidence in QQE. China trade balance came in at a 4-month low, with exports decline bigger than expected at -6.8% v -5.0%e and imports drop slightly smaller at -8.7% v -11.9%e. Exports to EU were especially disappointing at -9.0% v -2.9% prior, even though iron ore imports rose 22% and copper up 9.5%.
Nikkei -1.04% Hang Seng -1.73% Shanghai -1.53%
Eur$ 1.0856 CNY 6.4181 JPY 123.13 GBP 1.5045 CHF 1 RUB$69.5270 WTI 37.68 (+0.08%)
S&P -0.38% EuroStoxx+0.03% Dax+0.08% SMI -0.03%
Macro :
- China Nov. Retail Auto Sales Rise 17.6% on Year, PCA Says
- EU Lawmakers, Members Agree on Cybersecurity Law, Reuters Says
Keep an eye on :
- ABG/P SM : Some Abengoa Banks Favor Bankruptcy Proceedings: Cinco Dias
- ABG/P SM : Abengoa Banks Urge Co. to Sell 10% of Abengoa Yield: Expansion
- AIR FP : Airbus Said to Explore Sale of Vector Aerospace Unit: Reuters
- AF FP : Air France-Klm Seat Occupancy Rate Hurt by Paris Attacks
- EN FP : Orange Said in Early Talks to Buy Bouygues Telecom, Media Assets
- EN FP : Bouygues Wins EU202m Order For Belfast Biomass Power Plant
- CGG FP : CGG Says Bpifrance, IFP May Take Part in Capital Increase, Total Confirms May Take Part in CGG’s Planned Capital Increase
- EDF FP : Klepierre to Replace EDF in CAC 40, Euronext Says
- EOAN GY : EON CFO Sen Says No New Impairments Necessary: Boersen-Zeitung
- ENX FP : Euronext Fined EU5m by AMF for 2009 High Frequency Trading Pilot
- GLPG NA : Galapagos Filgotinib Phase 2 Study Met Main Goal in Crohn’s
- LI FP : Klepierre to Replace EDF in CAC 40, Euronext Says
- UG FP : Peugeot Citroen to Launch Electric Car With Bollore: Echos
- PUB FP : Publicis Potentially Losing P&G Makes ’16 ’Weak’: BNP Paribas
- SN/ LN : Smith & Nephew Raised at Morgan Stanley, Sees Better Risk/Reward
- VIV FP : Vivendi Says Holds 26.69% of Gameloft, Could Buy More Shares