Dow+0.82% S&P+0.88% Nasdaq+0.41% Russell+0.92% VIX 17.42 (-5.33%) Brazil+0.39%
US Market closed higher (above the 2,000) but open weak following Europe & Asian Performance, US are back in a leading mode...following very carefully chinese moves...Thanks to Tech &Healthcare S&P closed above its 50d MA, Accelearion in the US came after FED Minutes which revealed that only one Committee member believed that economic conditions do not warrant a rate hike while other members believed that a rate hike will be appropriate before the end of 2015. Despite the majority view regarding the timing of the first rate hike, several members expressed concern over downside risks to inflation. Energy & Commo sectors continue to lead the board performance, WTI spiked 3.3% @ $49.45, trading above $50 now (+2.14%)...NFLX +6.3% after announcing price increaseof service by 11.1%...EMC +4.7% on Article of Dell approach...volume were just below average @ 900mil shares...US After Hours HELE +8.4%, ATNY +1.8%, LDRH -19.9%, SMCI -16.7%, GPS -5.9%, AA -5.1% following earnings/guidance...China markets were less volatile going into next week's bulk release of September economic data and Q3 GDP. Economist with UBS said Q3 will likely show overall improvement, but GDP will slow to 6.6% from 7.0% in Q2. PBoC chief economist offered thoughts about the high-profile TPP deal from which China has been excluded, noting the mainland stands to lose 2.2pts in GDP by not joining the partnership. In Japan, BOJ Gov Kuroda defended unchanged policy at this week's meeting, expressing optimism economy will sustain moderate recovery. Sinopec Yizheng Chemical profit warning -4.2%
Nikkei +1.47% Hang Seng +1.39% Shanghai +1.24%
Eur$ 1.1280 CNY 6.3486 JPY 120.05 GBP 1.5368 BRL 3.7853 RUB$ 61.22 WTI $50.40(+1.98%)
S&P +0.07% EuroStoxx +1.12% Dax +1% SMI +1.09%
Macro :
- Merkel Says VW Affair Must Not Tarnish German Auto Industry
- Goldman Expects Copper, Aluminum Prices to Continue to Decline
- Luxury : Hengdeli -2.8% Emperor Watch -2% Prada +0.76%
Keep an eye on :
- AA US : Alcoa kicked off the official start of the US earnings season with disappointing results. Much like the case with Yum Brands earlier this week, slowdown in China was cited as the culprit, as the aluminum giant noted it lowered its estimate for 2015 automotive production growth to +1-2% from +5-8%.
- ABG/P LN : Abengoa Pledged Stake in Abengoa Yield for Loan: Expansion
- AF FP : Majority of French Believe Union Endangering Air France: Echos
- BT/A LN : BT Wants Ofcom to Look at Role of Pay TV in Industry Review: FT
- EDF FP : EDF CEO Levy Says Italy Is a Key Country for Company
- FCA IM : Fiat Chrysler Said to Offer Higher Wages in New Tentative Pact
- FCA IM : Ferrari Said to Push for EU11b Valuation in IPO
- GIVN VX : Givaudan 3Q Sales In Line With Estimates, Confirms 2010-15 Goals
- ISP IM : Italy Banks M&A to Start, Risks Are to the Downside: Berenberg
- TIT IM : Telecom Italia Said to Eye 40% Stake in Fiber Carrier Metroweb
- TIT IM : Telecom Italia Said to Hire Deutsche Bank to Sell Inwit Stake
- TRYG DC : Tryg 3Q Net Drops as Profit Hurt by One-Off, Investment Loss
- UCG IM : Italy Banks M&A to Start, Risks Are to the Downside: Berenberg
- VOW3 GY : VW May Face Individual Charges, EPA’s Brooks Says