Dow-0.06% S&P-0.02% Nasdaq+0.15% Russell+0.61%
US market closed near the flat line on a quiet session. The influential technology sector (+0.2%) finished ahead of the broader market as top-weighted Apple (AAPL 108.38, +0.68) outperformed. The Dow component jumped 0.6% after unveiling the iPhone 7 and a new iteration of the Apple Watch. Meanwhile, fellow heavyweight Facebook (FB 131.05, +1.32) rose 1.0% after Morgan Stanley issued some bullish commentary on the name. Conversely, the high-beta chipmakers underperformed, evidenced by the 0.7% decline in the PHLX Semiconductor Index. Volume were below average with 803mil shares. US After Hours TLRD +11% on earnings/guidance, RPRX +47.4% on Proellex study update... TSCO -9%, PIR -8%, GWRE -6% following earnings/guidance. Asian equity markets are trading mixed, with Australia index underperforming on weakness in Materials and Hang Seng trading moderately higher on strength in financials / property developers. China August trade surplus missed consensus, but still registered a 7-month high in Yuan terms. Trade components were better than expected in both CNY and USD, with imports particularly impressive - in Yuan terms imports rose +10.8% v +0.7%e, and in USD imports rose for the first time since Oct 2014 at +1.5% v -5.0%e. Japan's Q2 final GDP marked the 2nd straight expansion on sequential and annualized basis. Most notable component was the corporate CAPEX decline of -0.1%, better than -0.4%e and -0.4% prelim, while the private consumption component growth was in line and unchanged from prelim at +0.2%.
Nikkei -0.21% Hang Seng +0.52% CSI -0.23% Shanghai -0.13%
Eur$ 1.1254 CNH 6.6727 CNY 6.6664 JPY 101.68 GBP 1.3341 CHF 0.9688 RUB 64.0281 WTI$ 46.36 (+0.48%)
S&P +0.07% EuroStoxx +0.03% Dax +0.10% SMI - FTSE +0.23%
Macro :
- Germany Presses EU to Improve Emission Control Rules: WIWO
Keep an eye on :
- ABI BB : AB InBev Buys Bosteels Brewery in Belgium, De Tijd Reports
- AF FP : Air France-KLM Aug. Passengers Up 1.9%; Load Factor Drops
- BMPS IM : Paschi Board to Weigh Plan with EU900m Profit Target: Messaggero
- GAS SM : Caixa, Repsol Won’t Renew Gas Natural Pact, Confidencial Says
- GBB FP : Bourbon 1H Adj. Revenue Falls 21%, Net Loss Widens
- ERF FP : Eurofins Increases Share Sale, Raises EU296m at 1.8% Discount
- EOAN GY : Uniper to Be Included in Dax Index for One Day: Deutsche Boerse
- MEL SM : Melia Joins Iberdrola in Claims Over Bankia IPO: Vozpopuli
- PST IM : Poste Italiane May Bid for UniCredit’s Pioneer: Sole
- SAP GY : SAP to Shut 5 German Sites by End-2017 in Efficiency Drive: WiWo
- SOW GY : Software AG Downgraded at HSBC; Risk Reward Less Favorable
- UN01 GY : Uniper to Be Included in Dax Index for One Day: Deutsche Boerse
- VOLVB SS : *VOLVO RECEIVED CHINESE OFFER FOR BUS UNIT, SOLE REPORTS