Dow-0.46% S&P-0.61% Nasdaq-0.92% Russell-0.57%
US Market closed lower, below its 100d MA, lack of progress between Greece and its creditors weighed on investor sentiment in Europe and the U.S. S&P climbed off its session low in the afternoon once the Wall Street Journal reported that Greece's creditors have offered to extend the current bailout program until March 2016. The extension would be achieved by drawing EUR11 billion from the bank bailout fund. Volume were on the light side with 685mil...US After Hours PBY +4.1%, PLAY +3.8%, CASY +3.7%, FCEL -7.4%, UNFI -7.2%, TPLM -5.5% following earnings/guidance. Asian indices traded mixed, with Shanghai Composite once again rolling over going into its midday break. After last week's near-9% gains and yesterday's rally, caution abounds, particularly as investors await the decision on whether MSCI will will include China 'A' shares in its Emerging Markets Index. Note that the inclusion could also be partial or full. China inflation figures out at the open of trade should keep the PBoC easing bias intact. In Japan, Econ Min Amari tempered enthusiasm over the optimism related to yesterday's better than expected GDP data, noting the Q1 pace of growth is not sustainable. Amari heeded close monitoring of CAPEX component. On currency, he noted it was important for FX to move in line with fundamentals in a stable manner.
Nikkei -1.38% Hang Seng -1.05% Shanghai -0.90%
Eur$ 1.1316 GBP 14.5356 EURCHF 1.0485 JPY 124.36 RUB $55.94 WTI $58.344 (+0.52%)
S&P +0.02% EuroStoxx-0.49% Dax-0.43% SMI -0.35%
Macro :
- Greece and lenders said to be considering an extension to bailout program through the end of March 2016, Greece not supportive of a program after March
- Norway Lawmakers Want Wealth Fund Out of Tax Havens: Aftenposten
- China May Consumer Prices Rise 1.2% Y/y; Est. 1.3% Gain
Keep an eye on :
- ATLN VX : Actelion could be target of EUR-16bn offer from Shire - Tagesanzeiger
- AERL LN :Aer Lingus 5% stake to be acquired by IAG from Etihad for EUR 67m
- AH NA : Delhaize, Ahold Talks Less Successful Than Expected: Telegraaf
- AIR FP : Airbus CEO Says May Not Meet A380s Delivery Goals for ’15: WSJ http://on.wsj.com/1T7IOEl
- BBY LN : Balfour Beatty eyed for GBP 2bn buyout by China Civil Engineering Construction Corp - The Times
- BAS GY : BASF to Sell Global Paper Hydrous Kaolin Business to Imerys
- CU FP : Club Med to Open One Mountain Village a Year From 2017: Echos
- DTE GY : Deutsche Telekom CEO Said Unhappy on T-Mobile/Dish Deal: NYP
- DTE GY : German Mobile Spectrum Auction Reaches EU2.7b After 82th Round
- EXO IM : Exor Asks PartnerRe Pfd Holders to Vote Against Axis Proposal
- FCA IM : Fiat Said to Contact Hedge Funds in Bid to Merge With GM: WSJ
- HEN3 GY : Henkel, Coty Said to Submit Binding Bids for P&G Assets: Reuters
- HSBA LN : HSBC Plans to Cut 22,000-25,000 Full-Time Employees, HSBC to Sell Operations in Turkey and Brazil
- HSBA LN : HSBC Investigating Italy Unit CEO Perrelli, Guardian Says
- MHG NO : Marine Harvest Says Merger of Chile Unit, AquaChile Terminated
- NEO FP : Neopost 1Q Sales EU286m vs EU257.4m Y/y
- PETS LN : KKR Selling 21.6 Percent Stake in Pets at Home, Terms Show
- ROG VX : Roche to Retry Alzheimer’s Drug After Biogen Has Success
- SPM IM : Saipem 20% stake may be sold by Eni to FSI - Milano Finanza daily edition
- SCYR SM : Sacyr to Sell Testa Unit to Merlin Properties for EU1.79b
- SKYD GY : Sky Deutschland Sets Squeeze-Out Compensation at EU6.68/Shr
- SYNN VX : Monsanto Shows Need to Stop Corporate Inversions: Sen. Durbin --> Closed @ 402 CHF in NY (1% lower)
- SYNN VX : Monsanto’s Congresswoman Says Bills Ending Inversions Can’t Pass --> http://1.usa.gov/1Mk8CHS
- S32 LN : South32 Reports Samancor JV Delay, Review to Impact Fair Value
- TEF SM : Airdata to Challenge Telefonica-E-Plus Merger Before EU Court
- TSCO LN : KKR, Carlyle Invited to Bid for Tesco’s S.Korea Unit: Reuters
- UBSN VX : UBS Transfers Assets to Swiss Unit to Meet Regulatory Demands
- VK FP : Vallourec to Increase Job Cuts 15% as Orders Worsen: L’Opinion
- ZAL GY : Zalando taking over organizer of fair Bread & Butter - Handelsblatt