Dow-1.47% S&P-1.67% Nasdaq-1.75% Russell -1.53% VIX @ 19.66 (+22.19%)
US Market traded lower after some NYSE Issues, closed below its 200d MA. Selling Pressure in China, The Shanghai Composite lost 5.9% on Wednesday and it was reported that more than 50% of A-share listings have now been halted due to volatility. trading up 4.8% after trading down almost 4% at th opening {SHCOMP Index GIP<Go>} . All ten sectors registered losses with cyclical sectors showing relative weakness throughout the day. The materials sector (-2.2%) ended at the bottom of the leaderboard while top-weighted technology (-1.7%) and financials (-1.8%) also struggled to keep pace with the market. Oil closed near supports at $51.65....Volume were way below today @ 450mil shares because of techncials issues on NYSE Trading System. Alcoa reported earnings after the close, traded +0.2% after Hours, missed by $0.04 on EPS but beats on Rev., Guidance in line. Shanghai Composite opened down by over 2% but risk-on sentiment replaced panic selling of the last few days as investors finally responded to some fresh govt measures targeting equity selloff. Ahead of the open, CSRC announced a limit on share reduction for substantial shareholders (5% stake or more) and also allowed purchase of shares through fund management companies. PBoC also reportedly "offered "abundant" loans to CSF to inject liquidity directly into the stock market, while CSF had reportedly funneled CNY200B to 5 fund management companies. Lastly, regulators cracked down on "malicious" short selling, with China public security ministry announced joint plans with CSRC to investigate cases of market manipulation. Returning from break, Shanghai Composite extended its gains to rise over 4% on aggressive bottom-fishing.
Nikkei -0.03% Hang Seng +4.65% Shanghai +5.6%
Eur$ 1.1099 JPY 121.50 GBP 1.5402 EURCHF 1.0479 RUB $57.22 WTI $52.54 (+1.72%)
S&P +0.71% EuroStoxx +0.81% Dax +0.64% SMI +0.14%
Macro :
- Portugal GDP to Expand 2.1% in 2015, Catholic University Says
- Greece Exit From Eurozone Base Case Scenario Now: Citi’s Buiter
Keep an eye on :
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- BMW GY : BMW China JV to Recall 4,335 Vehicles on Fuel Leak Risks
- BBVA SM : Spain Wants Big Banks to Acquire Mid-Size Lenders: Confidencial
- SAN SM : Spain Wants Big Banks to Acquire Mid-Size Lenders: Confidencial
- CCBG BB : Belgium’s Belfius Bank to Get 3 New Directors Soon: L’Echo Link
- ALCLS FP : Cellectis Reaches Milestone in Servier Pact (-1.39% in NY Before the News, +1.5% in After Hours (CLLS US))
- DRX LN : Drax Sees 2015 Ebitda Cut of GBP30m From Climate Levy Change
- ETL FP : Eutelsat to Order Quantum Satellite From Airbus: Les Echos
- FIE GY : Fielmann Second-Quarter Glasses Sales, Revenue Rise
- FUM1V FH : Fortum May Still Join Fennovoima Project, Rehn Tells YLE
- GXI GY : Gerresheimer 2Q Rev., Adj. Ebitda Beat Ests.; Keeps FY15 Outlook
- SDF GY : K&S CFO reiterates Potash offer lacks premium - German Press
- NOK1V FH : Nokia, German Carmakers in Standoff Over Map Unit Bid: Reuters
- NOK1V FH : Nokia Mapping Unit Bids Said to Be Led by German Carmakers: FT
- ORA FP : *YOIGO DROPS OUT OF BID FOR ORANGE ASSETS: PAIS
- RNO FP : Renault: Europe Car Mkt Will Probably Grow More Than 5% in 2015
- RYA LN : Ryanair to Review IAG’s Aer Lingus Offer Within Next Week: CEO
- SAN FP : Sanofi’s Praluent Cuts LDL Cholesterol by 64% in Japan Study
- SZU GY : Suedzucker 1Q Rev. In Line With Ests., Confirms FY Outlook
- TSCO LN : Tesco to Receive Final Bids for Homeplus by Aug. 17: Moneytoday
- FP FP : Total E&P Indonesie Seeks Partners for 3 Oil-Gas Blocks: Kontan
- ZAL GY : Zalando Investors Placing Up to 8.27m Shares (GS&JPM), ABB Priced @ €29.50