US Market closed higher, moved happened after FOMC minutes, mkt started on weak note with Crude but the minutes acknowledged that growth concerns overseas could have an impact on the U.S. through a strengthening dollar, which would lead to a decline in inflation expectations. This was viewed as an indication that the Fed would not rush to raise the fed funds rate, but instead maintain its accommodative policy stance. Accordingly, the prospects of continued easy-money policy resulted in a broad-based rally with high-beta groups leading the way. the telecom services sector (+0.1%) edged into the green just before the close, while consumer staples (+1.4%), health care (+2.5%), and utilities (+2.2%) posted stronger gains. volume were above average @ 900mil shares...VIX @15,09 -12,44%...After Hours : RT +19.3%, EXAR +13.7%, DRWI +5.4%, AA +2.2%, KFX-20.6%, ARCW -17.0%, GPS -7.5% following earnings/guidance...Alcoa earnings marked the unofficial start of the Q3 reporting period with a positive note...In China, the PBoC announced a drain of CNY20B in 14-day repos for the day but a net injection of CNY26B for the week - the largest in 6 weeks. Vice Fin Min Zhu expressed concern over the "quality of economic growth", noting it was less important to meet a hard GDP target. A report from China State Council indicated it would regulate local govt more strictly against fiscal risks...In Japan, BOJ Gov Kuroda maintained the central bank will do additional monetary easing if economy shows significant signs of deviating from path to 2%...Nikkei -0.43% Habg Seng +1.02% Shanghai +0.02%
Eur$ 1.2741 S&P +0.04% EuroStoxx +1.10% FTSE +0.87% DAX +0.83% SMI +1.11%
Macro
- Europe Has ‘Big Problem’ of Slow Growth, U.S. Aide Atkinson Says {NSN ND56L36K50Y4 <go>}
- Most of German Weakness Caused by Russia Sanctions, Weber Says
- Italy Govt Wins Confidence Vote on Plan to Change Labor Market
Keep an eye on :
- AIR FP : Airbus to Merge Its Aerolia and Sogerma Units, Echos Says
- BNP FP : BNP May Integrate Securities Services, Investment Bank: Echos
- BSLN SW : To announce further subgroup and health economic analyses of isavuconazole phase 3 studies will be presented at IDWeek conference
- BMW GY : BMW Hires Ferrari’s Former Chief Engineer: Reuters
- CGG FP : CGG 3Q Vessel Production Rate 92% vs 94, Availability 92% vs 89%
- CO FP : Casino in Purchasing Pact With Intermarche, Le Figaro Says
- DL NA : Delta Lloyd Ends Sale Process of Its Belgian Banking Business
- EDF FP : French Ex Energy Min Batho Worked on Plan to Renationalize EDF
- EXACT NA : Exact Agrees to Takeover by Apax-Advised Funds at EU32/Share
- GLEN LN : in HK 333.10
- GXI GY : Gerresheimer Sees 21% Adjusted Ebitda Margin 2016-2018
- ML FP : Michelin CEO Says May Buy Budget Tire Brand in Asia: Reuters
- MMT FP : M6 Renews Movie Accord With Walt Disney, Le Figaro Says
- RIO LN : Rio: Continues to Witness High Demand for Its Iron Ore Products
- SZU GY : Suedzucker 2Q Oper. Profit Drops 73%; Confirms FY Forecast
- TIT IM : Mediobanca Won’t Re-Enter Telecom Italia Shareholding: Sole