Dow -0.18%% S&P +0.07% Nasdaq +0.15% Russell -0.17%
US Market closed for another day near the flat line. consumer discretionary sector (+0.6%) was also well represented on the earnings front. Walt Disney (DIS 109.01, +0.01) finished flat after better than expected earnings were balanced with a miss on revenues. energy space (-0.1%) finished just shy of its flat line as an uptick in crude oil pushed the sector up from a larger loss. The commodity finished 0.3% higher at $52.36/bbl after holding solid losses during the overnight session and into the morning. The Energy Information Administration (EIA) data showed a huge 13.8 million barrel build in oil inventories, which confirmed yesterday's bearish reading from the API. Crude oil climbed despite the inventory readings, likely due to some short positions being squeezed out. a 8.6% decline in Gilead Sciences after better ern but -ve guidance held the health care space (-0.1%) below its flat line. financial space also faced some headwinds in the Treasury market as the yield curve ended the day slightly flatter. fed funds futures market is still pointing to June as the most likely window for the next rate hike, but the implied likelihood of a June hike declined to 58.4% from 64.7%. US After Hours PAYC +10% and FLT +9% higher following earnings, JAGX +66% on merger news... BGC -8%, IRBT -8%, OII -7% following earnings/guidance, CREE -5% Infineon deal CFIUS hurdle.
Asia - Markets stateside as well as in Asia appear to have reached an equilibrium, with sessions of modest losses alternating with those of modest gains; Few macro catalysts are observed, even as bond markets rally continues to put in question the confidence of 3 FOMC rate hikes this year. Investors are now looking forward to Fed Chair Yellen's Congressional testimony next week as key determinant of near term policy bias. PBoC has once again skipped its reverse repo operations, calling liquidity conditions ample; Separately, a local press report speculated the central bank will continue to tighten policy, even though economists have suggested that last week's 10bp hike in reverse repo yields were an adjustment to fundamentals rather then a start of a trend. Ahead of the high profile Abe-Trump summit tomorrow, Japan PM signaled he is prepared to discuss the currency issues at G20
--> Watch Chemicals with Kaneka (4118 JP) in Tokyo -12% on numbers
--> Tsingtao +5.3% on Bid Rumours, Carlsberg Mentioned.
Nikkei -0.53% Hang Seng +0.28% CSI +0.34% Shanghai +0.40%
Eur$ 1.0676 CNH 6.8524 CNY 6.8685 JPY 112.24 GBP 1.2505 CHF 0.9967 RUB$ 59.1467 WTI$ 52.95 +0.25%
SPX -0.02% EuroStoxx +0.31% Dax +0.19% FTSE +0.02% SMI +0.24%
Macro :
- Hedge-Fund Clients Selling Near-Record Amount of Stocks: BofAML
- Goldman Said to Shift Hedge Fund Ops to U.S. From London: Rtrs
- Auto Retailers Up as O’Reilly 4Q Strong, Amazon Risk Downplayed
- Algebris Cutting Most U.S. Bank Stakes After Trump Rally: Serra
- Brexit Bill Passed by Lower House of Parliament, Heads to Lords
- SocGen Isn’t ‘At All’ Considering Scenario of France Euro Exit
Keep an eye on :
- AIR FP : Germany Wants EU40 Mln Damages for Late Delivery A400M: Bild
- AKSO NO : Aker Solutions 4Q Loss Misses Est.; Sees Margins Down in 2017
- ASC LN : Asos, Duerr, Wirecard Among Berenberg’s 2017 Small/Mid-Cap Picks
- BLT LN : BHP Approves Spending of $2.2b for Mad Dog Phase 2 Project
- BPI PL : Banco BPI to Be Excluded From Portugal’s PSI-20 Index Feb. 10
- BETSB SS : Betsson 4Q Operating Income Slight Beat; Dividend Raised
- CARLB DC : Carlsberg Said to Consider Bid for $1.2b Tsingtao Stake --> Tsingtao (168 HK) +5.3% in HK
- CABK SM : CaixaBank Available to Subscribe BPI’s Planned Debt Sale
- CABK SM : Caixabank’s Gortazar Says Allianz Remains a Shareholder of BPI
- COFA FP : Coface 2016 Op. Performance in Line W/ Guidance; Net EU41.5M
- CBK GY : Commerzbank 4Q Net Income Falls; CET1 Ratio Rises to 12.3%
- DBK GY : Deutsche Bank Walks Away From U.S. Swaps Clearing: FT
- DTE GY : Softbank Group CEO hoping to revisit takeover of T-Mobile US under relaxed regulations - Fuji Sankei Business
- ELIS FP : Elis Raises About EU325m in Capital Increase
- ENI IM : Eni chief Claudio Descalzi charged with international corruption, Eni Board Reaffirms Confidence in CEO Descalzi
- ETL FP : Eutelsat 1H Net EU192M; Raises FY Ebitda Margin Outlook
- EO FP : Faurecia Confirms 2018 Targets, Sees 6% Sales Growth This Year
- GNFT FP : Genfit FY Net Loss Widens as R&D Costs Jump on Elafibranor Study
- GJF NO : Gjensidige 4Q Profit Misses Est.; Declares NOK6.8/Share Dividend
- HDD GY : Heidelberger Druck 3Q Profit Rises as Sales Drop
- HEN3 GY : Henkel Said to Be in Talks to Buy Sealed Air’s Unit: NYP
- IFX GY : Cree, Infineon Working to Modify Deal to Mitigate CFIUS Concerns
- ISP IM : Intesa High Div. Hard to Reconcile With a Generali Bid: Barclays
- KBC BB : KBC Affirms 50% Payout Ratio as 2016 Dividend Misses Most Ests.
- LR FP : Legrand Targets 2017 Organic Sales Growth 0%-3%
- LEON SW : Leonteq Announces More Cost Saving Measures, Cancels Dividend
- LIGHT NA : Philips to Sell 15% Philips Lighting Stake Through Placing -->Philips Lighting Placing at EU23.40/Share, 2% Discount to Close
- OR FP : Emmanuel Osti Courted by Buyout Funds to Back Body Shop Bid: Sky
- MAERSKB DC : Maersk CEO says Energy Unit May Be Split Apart, Berlingske Says
- MB IM : Mediobanca 2Q Net Almost Double on Higher Revenue; CET1 12.3%
- MTL CN : Mullen Group 4Q Adj. EPS Misses Lowest Est.
- NHY NO : Norsk Hydro 4Q Revenue Beats Estimates; Div NOK1.25
- NYR BB : Nyrstar Delays Port Pirie at Extra Cost for Higher Profitability
- OBEL BB : Orange Belgium Sees 2017 Adj. Ebitda EU290m-EU310m
- OHL SM : OHL Said to Plan Denmark, Sweden Expansion: El Economista
- UG FP : PSA Proposes Salary Increases of 0.6%-0.8% for 2017
- PRS NO : Prosafe 4Q Ebitda $78.0m, Est. $66.5m
- PUB FP : Publicis Posts FY Net Loss; Revenue at Low End of Estimates
- SAMPO FH : Sampo Has Bought Block of Topdanmark Shares for DKK88.5 Mln
- SAN FP : Tesaro could have been approach by Sanofi according to StreetInsider
- SAN FP : Sanofi, Regeneron Win Order Letting Praluent Sales Continue
- SAP GY : Unions Sue SAP to Protect Supervisory Board Seats: WiWo
- SBMO NA : SBM Offshore Sees 2017 Revenue at Around $1.7b
- SIX US : Saudi Wealth Fund PIF Said to Consider Taking Stake in Six Flags
- GLE FP : Societe Generale 4Q Net Beats Estimates; Plans ALD IPO in 2017
- 9984 JP : SoftBank Said to Near First Closing of $100b Technology Fund
- TSRO US : Tesaro May Be Worth $250/Shr in Potential Sale, SunTrust Says ,Tesaro Still Would Be a Good Fit for Gilead, Guggenheim Says
- TKA GY : Thyssenkrupp 1Q Profit Rises 41%; Confirms FY Forecast
- FP FP : Total 4Q Adj. Net $2.41b vs Est. $2.23b; 4Q Dividend Up 1.6%
- DG FP : Vinci Starts Offering of $450m Synthetic Convertible Bonds
- VOE AV : Voestalpine 9M Net Drops 32% to EU344m, Steel Revenue Slows
- VOW3 GY : VW Board Rejects Diesel Accusations by Piech Against Top Leaders
- ZURN VX : Zurich Insurance FY Net Profit $3.21b; Est. Profit $3.19b