US MArket closed lower, all mkts closed lower except China on hopes of more stimulus from PBoC, cyclical sectors were also responsible for the weakness in the U.S. with energy (-3.9%) taking it on the chin amid another decline in crude oil (-5,5% to $63,10/bbl), the technology sector (-1.2%) held up relatively well through the morning, but slipped into the afternoon amid broad weakness, financials tried to resist the broad pressure (+0,4%), healthcare received an early boost from biotechnology after Merck (MRK 61.88, +0.39) agreed to acquire Cubist Pharmaceuticals (CBST 100.60, +26.24) for $102/share, which represents a 35.0% premium to CBST's average stock price over the past five days. Cubist soared 35.3% while the iShares Nasdaq Biotechnology ETF (IBB 313.79, +4.98) jumped 1.6% to a new record high, volumes were in line with average @794mil shares...VIX @ 14,21 +20,22%...US After Hours IDT +4.1%, DMND +2.4%, PLAB -6.3%, HRB -6.0%, PBY -4.9% following earnings/guidance...Regional indices in Asia are tracking more cautious sentiment in US hours with the exception of Shanghai Composite, where the bullish momentum remains solidly intact at the opening but big reversal at the end of the day more than 7.5% intraday move...Nikkei -0.68% ..Hang Seng -2.14%...Shanghai -5.08%
Eur$1.2333 S&P-0.30% Eurostoixx -0.98% Dax -0.86% SMI -0.73%
Macro
- Dijsselbloem Says Greece to Request Extension Tomorrow
- ECB to Limit Emergency Liquidity Assistance Period: Handelsblatt
Keep an eye on :
- ABI BB : AB InBev Board Member Winkelman Sells $3.31m of Brewer’s Stock
- ATC NA : Oi Board Approves Sale of Portugal Assets to Drahi’s Altice
- AZA IM : Lufthansa calls for Alitalia takeover by Etihad to be classified as state aid
- AZN LN : GSK may be tempted back to bid for ARIAD by rumours of AstraZeneca interest
- BLT LN : BHP Hits Fresh 5-Year Low on Oil Price Drop, Iron Ore Weakness
- BMW GY : BMW Supervisory Board to Discuss Top-Level Appts Tmrw: Reuters
- BMW GY : BMW in Talks With China Dealers on 6b Yuan Rebate Request: News
- DBK GY : Deutsche Bank Sued by U.S. for Alleged Tax Scheme (Earlier)
- DEC FP : JC Decaux considering making an offer for Clear Channel Outdoor's assets in Europe
- DTE GY : TMUS Offering 17.39M shares of its Mandatory Convertible Preferred Stock, Series A, with a liquidation preference of $50 per share.
- ENI IM : Eni Begins Crude Production at Angola Offshore Field
- EMG LN : Man Group Buys Contracts to Manage Fund Portfolio w/ AUM $1.2b
- ENX FP : ICE Sells 4.21m Euronext Shrs at EU23, Terms Show
- GSK LN : GSK may be tempted back to bid for ARIAD by rumours of AstraZeneca interest
- OR FP : L’Oreal CEO Agon Sold EU2.2m in Shrs Dec. 1
- PNDORA DC : Axcel, Hakon, Enevoldsen Selling 5.9m Pandora Shares
- REP SM : Talisman Says It Has Been Approached by Repsol, Others
- RNO FP : Renault Plans Emerging-Mkt Vehicles Starting at EU3,500: Echos
- FP FP : Total Sells Remaining Stake in GTT to Temasek