TheChek News Flow

US Market Closed Lower after settling new records today on Dow & S&P. Selling began shortly after the Washington Post reported that North Korea has successfully produced a miniaturized nuclear warhead that can fit inside its missiles. However, the aforementioned move lower was more likely technical in nature considering it was led by the financial sector, which sharply reversed its slow and steady upward trend right at the 424.00 mark. At its best mark of the day (423.99), the financial space held a gain of 0.9%, but, in the end, the sector settled lower by 0.2%. President Trump warned that North Korea will be "met with fire and fury like the world has never seen" if it continues to threaten nuclear action against the United States. utilities sector (+0.3%) was the only space to finish today's session in positive territory. The ten remaining groups settled with losses ranging from less than 0.1% to 0.9%. US After Hours STS +29% on WNC acquisition news.... ACAD +12%, ALRM +8%, DXC +3%, HTZ +2% higher and FOSL -20.7%, TRUE -13%, MXL -12%, TRIP -9%, JAZZ -7% lower following earnings/guidance. Asian markets opened weaker as dollar weakness, flipped into some strength as risk off sentiment took hold of the markets with increasing tensions in the Korea peninsula. Several large earthquakes reported in China over the course of the last 12 hours, so far 9 have been reported dead. PBOC strengthened yuan fixing to highest in a week, sending onshore yuan higher for a ninth straight day against trade-weighted basket, longest streak since index was started late last year.

Nikkei -1.29% Hang Seng -0.42% CSI -0.02% Shanghai -0.33% Shenzen +0.26%

Eur$ 1.1750 CNH 6.6957 CNY 6.6841 JPY 110.05 GBP 1.3021 CHF 0.9686 RUB 59.8970 WTI$ 48.95 -0.45%

S&P -0.22% EuroStoxx -0.63% Dax -0.80% FTSE -0.53% SMI -0.98%

Macro :

- Emerging-Market Currencies Erase Gains as Rand Slumps: Inside EM

- S&P 500 May Have Just Topped Out for the Summer: Macro View

- China July Consumer Prices +1.4% Y/y; Est. +1.5%

Keep an eye on :

- ABN NA : ABN Amro Second Quarter Operating Income Beats Highest Estimate

- AGS BB : Ageas Starts New Share Buyback Program for EU200m

- AH NA : Ahold Delhaize 2Q Adjusted Operating Profit Beats Estimates

- BNR GY : Brenntag 2Q, Ebitda Target Weaker Than Expected: Goldman Sachs

- COL US : UTX Rockwell Bid Can Be Accretive at Up to $160/Share: Wolfe

- DIS US : Walt Disney Options Setup Into 3Q Earnings Implies a 4.3% Move

- DSM NA : DSM to Expand Investment in Brazil Nutrition Unit Amid Headwinds

- EDP PL : EDP - Energias de Portugal Raised to Investment Grade by S&P

- EOAN GY : EON 1H Adjusted Net Rises 46% to EU881M, Beats Estimates

- GENL LN : DNO, Genel Receive Payments From Kurdistan for May Oil Exports

- HIS SM : Hispania Is Said to Sell Office Portfolio for EU510M: Expansion

- ISP IM : Intesa Close to Buying Banque Morval for Up to EU200m: Sole

- JEN GY : Jenoptik First Half Ebit EU29.1 Mln

- LEO GT : Leoni Second Quarter Net Income EU58.7 Mln

- NN NA : NN Expects EU250m Gain From Sale of Unilever Preference Shares

- MUV2 GY : Munich Re 2Q Net Income Falls 25%; Confirms FY Profit Target

- NOVOB DC : Novo Nordisk 2Q Net Beats Ests.; Sees Lower U.S. Prices in 2018

- P1Z GY : Patrizia Immobilien 1H Rev. EU105.9M

- P1Z GY : Patrizia to Purchase 2,298,850 No-Par Value Registered Shares

- P IM : Pirelli May List 35% Stock, Valuing Co. EU9b: Messaggero

- POP SM : Santander to Sell Control of Popular Real Estate to Blackstone

- COL US : Rockwell Collins Is Said to Work With JPMorgan, Citi: DealRep

- SAN FP : Files suit in the U.S. to defend its patent rights on Lantus -

- SGL GY : SGL Group in Pact to Sell Cathodes, Furnace Linings to Triton --> +4.8%

- STM FP : Ticking down on report of lost Tesla Contrac - http://bit.ly/2vKz4M5

- WPG LN : Vantiv Agrees to Buy Worldpay, Will Seek Secondary LSE Listing