Dow-1.10% S&P-1.42% Nasdaq-1.82% Russell-1.64% VIX 26.10 (+11.64%)
US Market start the week on a weak note but bounce back from lows on the last hour. slowing global growth, a decline in oil, and the ability to sustain further fed funds rate hikes. Trade saw a flight from risk assets to safe-haven investments amid growing uncertainty. European banks were under pressure with DB -8% and balance sheet concerns but the bank came with a press release saying it has roughly EUR1 billion in 2016 payment capacity, enough to pay EUR350 million in Tier 1 coupons that will mature in April. WTI crude settled lower by 3.8% at $29.94/bbl. Gold extended its 2016 gain to 6.7% (+3.5% today) amid growing fears that the Fed may have committed a policy error. materials sector -2.7%, financials -2.6%, consumer discretionary -2.0%, telecom services -0.4% and consumer staples -0.3%, Tech -1.6%, IBB-1.4%. Volume still above 1bil shares. US After Hours OI +4.5%, GPS +2.8%, PSDV -9.1%, QLYS -6.7%, FOXA -2.5%, ONVO -2.1%. Asia is trading lower, Nikkei -5.4% on JPY trading to 15month low of 114.20. Japan Econ Min Ishihara continued to attribute recent gains in JPY to "external factors" while cheering the progress being made on the rate of inflation, adding the decision by the BOJ shows determination to end deflation. other reports were more skeptical of the BOJ decision to engineer recovery, and the associated risks of dislocation in govt fixed income and negative impact on the overall financial system are prevailing in Japan's trading sentiment today.
Nikkei -5.40% Hang Seng closed Shanghai Closed
Eur$1.1197 CNH 6.5777 CNY 6.5743 JPY 114.85 GBP 1.4411 CHF 0.9850 RUB$ 78.9306 WTI$29.94 (+0.81%)
S&P -0.78% EuroStoxx-0.35% Dax-0.40% SMI-0.13%
Macro :
- North America Oil Producers Need to Cut $24B in Spending: IHS
- ECB’s Coeure Says Euro Area Banks Are Stronger Now Than in 2012
- Goldman Says Oil Price Due to High Supply, Not Growth Lack: HB
- The $102 Billion of Bank Debt That’s Making Investors Nervous
Keep an eye on :
- AB1 GY : German Cockpit Union Says in Talks With Air Berlin Over Wages
- AIR FP : Embraer Said to Win Alaska Air Order for Up to 60 Jets: WSJ
- AIR FP : UN Group Agrees to First Emission Standards for Planes: Reuters(-35% by 2020), White House Says Carbon Rules Could Hit Existing Planes
- ALO FP : French Govt Says Bouygues Loan of 20% Alstom Stake Takes Effect
- POP IM : Banca Pop. Milano 4Q Net EU86.9m, Est. EU65m
- PMI IM : Pop. Milano NII Miss Disappointing, Asset Quality Improving: KBW
- BKG LN : Funds Short Berkeley to Bet Against London High-End Market: FT
- COMH SS : Com Hem 4Q Underlying Ebitda Beats Ests.
- DBK GY : Deutsche Bank: 2016, 2017 Payment Capacity Addtl Tier 1 Coupons
- EGPW IM : Enel Green Power 2015 Total Rev EU3b; Net Debt at Yr End EU6.9b
- FIS1V FH : Fiskars 4Q Sales Miss Ests.; Profit Seen Increasing in 2016
- GFC FP : Gecina in Pact to Sell Health-Care Portfolio to Primonial Reim (Amundi)
- G IM : Generali May Name Chairman Galateri as Interim CEO Today: Sole
- HEN3 GY : Outgoing Henkel CEO Rorsted Says M&A Key to Plans: Handelsblatt
- LHN VX : LafargeHolcim Receives Revised CCI Divestment Order
- SAA1V FH : Sanoma 4Q Sales Miss Ests; Proposes Dividend EU0.1/Share
- SAN FP : Sanofi 4Q EPS Beats, Sales Miss; Sees 2016 EPS Broadly Stable
- SHBA SS : Handelsbanken 4Q Net Income Misses Est.
- SKBN NO : Skandiabanken 4Q Net Income Rises; Annual Lending Growth 11.4%
- SWEDA SS : Swedbank CEO Wolf’s Departure Is ‘Bad News,’ KBW Says
- TOM2 NA : TomTom 4Q Rev. In Line, Ebit Misses Ests.; Sees More Investments
- YOOX IM : Yoox Net-A-Porter 2015 Pro-Forma Rev. Up 31%