Dow+1,84% S&P +1,79% Nasdaq +1,84% Russell +1,71% VIX @ 17.01 -11.91%
US Market spiked again today, S&P surged past its 50d & 100d MA. Fed insider Jon Hilsenrath of the Wall Street Journal wrote this morning that the Fed could indeed raise rates soon if it is believed that low yields at the long end of the curve reflect an influx of capital into dollar-denominated assets, which could spark a surge in prices. Mr. Hilsenrath added that this was the view espoused by NY Fed President and this year's voting member William Dudley, who argued a similar situation presented itself in 2000s, leading to the housing bubble, All ten sectors finished the day in positive territory with cyclical groups pacing the rally. The materials sector (+2.4%) ended atop the leaderboard, but more notably, the technology sector, which is roughly six times the size of materials, jumped 2.2%. (AAPL +3.8%)... energy sector (+2.2%) was able to finish among the leaders even though crude oil remained on slippery footing. The energy component crept above the $49.50/bbl level overnight, but was beaten back to its flat line. The commodity was down in excess of 1.0% intraday, but fought back to a slim gain of 0.2% at $48.80/bbl....Volume in line with average @ 830mil shares... US Rally has been carried over to Asia...China inflation data were mixed, as December CPI matched expectations of 1.5% and also marked the first y/y sequential increase in 7-months, having hit a 5-year low of 1.4% in November. For the year, 2014 CPI came in at 2.0%, unchanged from YTD level in Nov and also well below 3.5% official target, China will release its trade data over the weekend
Nikkei +0.18% Hang Seng +0.97% Shanghai +1.68%
RUB $59.97 RUB €71.31 WTI $49.19 Brent $51.17
Eur$ 1.1798 S&P -0.16% EuroStoxx -0.83% Dax -0.41% SMI -0.25%
Macro :
- China Dec. Consumer Prices Rise 1.5% Y/y; Est. 1.5% Gain
- ECB’s Coeure: France’s Reforms Are Step in Right Direction
- ECB’s Coeure Says Drop in Oil Prices Good News for Euro Economy
- SNB 2014 Expects CHF38b Profit on Foreign Exchange, Gold Gains
- German Nov. Industrial Production Falls 0.1% M/m; Est. +0.3% M/m
Keep an eye on :
- ABG/P SM : Abengoa to Cut Debt by 30% in 2015, CEO Says: Expansion
- ADXN SW : Addex Year-End Cash Drops to CHF1.8m, Sees Data in Coming Months
- ALPH SW : Alpiq Sees CHF1b Impairments After Tax on Low Wholesale Prices
- AREVA FP : Areva Names Philippe Varin Chairman of Board of Directors
- BBVA SM : BBVA Expressed Interest In Novo Banco, Jornal de Negocios Says
- BMW GY : Shanghai to Give Free License Plates to BMW i3 Car Owners
- DWNI GY : Deutsche Wohnen Extends Appointment of CEO Zahn Through 2020
- ERICB SS : Ericsson Claims TCL Comm Smartphones Infringe 5 Mobile Patents
- HFG LN : Hilton Food Says 2014 Results in Line With Board Forecasts
- JEN BB : Jensen Family Buys Additional EU922,484 of Jensen-Group Stock
- MRW LN : Morrison Said to Plan 4-Year Running Sponsorship Deal: Sky
- PTC PL : Portugal Telecom Didn’t Properly Apply Risk Policy: PWC
- PTC PL : Ongoing Says Altice PT Offer Is Best Known Alternative at Moment
- QIA GY : Qiagen Exceeds ’14 Goal to Achieve 1,250 QIAsymphony Placements
- ROG VX : Roche Says FDA Approves Screening Assay for Blood Donations
- SAN FP : Sanofi, Regeneron Say Alirocumab Monthly Dose Meets Trial Goal
- SAN SM : Santander to Sell Shrs at EU6.18/Shr in EU7.5b Capital Increase
- SAN SM : Santander Not Looking at Banca Monte Dei Paschi, CEO Says
- SW FP : Sodexo 1Q Organic Sales Growth 2.3%, Confirms FY Targets
- TUI1 GY : TUI Buys MS Europa 2 for EU278m From Otto Mihm, FAZ Reports