Dow+0,15% S&P+0,27% Nasdaq+0,83% Russell+0,75%
US Market closed higher, Nasdaq helped by biotech (ie Mylan's $205/share bid for PErrigo), last API report (inventory +10.9mil) pushed Crude down 6.5% to $50.44...Large tech company were under pressure after Apple by SG ahead of iWatch oepning opening of booking.According to the minutes, FOMC members were split over whether June would be the right time to begin raising rates. Several members believed that recent data and the outlook warranted a rate hike in June while others voiced concerns that the economic outlook would not be strong enough to support a rate hike in the near term. volume were close to average @ 750mil shares...Alcoa reported beats on EPS but below Rev....After Hours APOG +5.2%, PIR +4.7%, MG -6.3%, AA -3.4%, BBBY -3.3% following earnings/guidance...WOCS +36% on new contract...ZNGA -10% on departure of CEO...Asia experienced a volatile session today. Shanghai Composite opened above 4,000 level for the first time in 7 years, but then traded sharply lower, finished morning session down by 1.2%. Hong Kong Hang Seng Index continued its fascinating momentum in early session, as the index once traded higher by as much as 8%, and then pared gains to around 27,200 level...China Premier Li confirmed that China will cut iron-ore resources tax to help the real economy. Resources stocks in Australia are being hit hard early on fears that Chinese authorities will keep uneconomic iron ore miners afloat, while energy names have fallen sharply in line with the reversal in the oil price overnight. BHP Billiton, Rio Tinto traded lower by about 1%, while shares of Fortescue were down by over 3%..In South Asia, Moody's raised India's outlook to Positive from Stable, and reaffirmed Baa3 sovereign rating. Moody's cited increasing probability that India's policies will enhance economic and financial strength over the coming years. Just a brief reminder, Moody's move came after S&P raised India's Outlook to Stable from Negative, and affirmed BBB- rating.
Nikkei +0.76% Hang Seng +3.10% Shanghai -1.52%
WTI $50.98 (+1.10%) RUB $53.4490 EURCHF 1.0403 CHF 0.9689 EUR$ 1.0754
S&P -0.10% EuroStoxx +0.38% Dax +0.31% SMI +0.21%
Macro :
- Signs of Recovery Spreading Across EU, Italy FinMin Padoan Says
- China March Retail Auto Sales Rise 11.6% on Year, PCA Says
- Mining Sector : Mining Outlook Negative on Weak Currencies, Oil, China: Investec
Keep an eye on :
- ABG/P SM : ABB 2.65% of co, 20mil shares - Citi & HSBC
- CGG FP : CGG Says 1Q Vessel Utilization Rate 84% vs 94% Y/y
- FAGR BB : Fagron Organic Rev. Growth Accelerates to 10.2% in 1Q
- HOLN VX : Holcim, Lafarge to Appoint Olsen to Lead Merged Company
- NOVN VX : Perrigo May See Other Bidders After Mylan Proposal: Stifel (Novartis mentionned)
- PHIA NA : *PHILIPS' LUMILEDS SALE IS CREDIT POSITIVE, MOODY'S SAYS
- SAZ GY : Stada May See Interest Due to Renewed M&A in Sector: JPMorgan
- VASTN NA : Vastned Retail Belgium to Invest EU2 Mln in Ghent Project