Dow+2.42% S&P+2.51% Nasdaq+2.73% Russell+2.25% VIX 24.98 (-10.1%)
US Market closed higher after a l,ong week end. US did ok despite a volatile chinese market and some mixed data. Better than expected economic data highlighted the European session as eurozone Q2 GDP was unexpectedly revised up to 0.4% quarter-over-quarter from 0.3%. technology (+2.8%), industrials (+2.8%), financials (+2.6%), and health care (+2.8%) kept the market from drifting too far away from its early high. The strength in those areas proved supportive in the late afternoon as the market charged to a fresh high during the last two hours of the session. Viotech surge also 4.4%. the energy sector (+1.5%) was able to end the day well above its flat line even as crude oil futures shed 0.3%, slipping to $45.94/bbl. Volume were below average just below 800mil shares. US After Hours PLAY +9.3%, KFY +0.9%, TIVO +0.2%, PSUN -16.7%, FCEL -9.2%, MW -6.1%, PBY -3.9 following earnings/guidance, AKBA +65.2% on phase 2 results, VTAE +29.6% on phase 1 results, TTPH -77.8% on trial results,ZQK -60.4% on Bankruptcy report, FLXN -41.4% on phase 2 results...Broad-based risk appetite on display in the US session has resonated in Asia, where all key regional indices are up...Nikkei225 rally of over 6% is particularly impressive, as investors cheered Japan PM Abe's announcement to cut corporate tax rates by at least 3.3% or even more in FY16. BOJ dove Shirai also called for continued accommodative environment given expectations of 1% inflation holding over medium-long term. a research note from Fitch suggested China's local debt rise is significant but manageable. In FX, PBoC set Yuan a touch firmer, and offshore currency rallied by over a cent to 6.4450. World Bank chief economist Basu added his voice to other critics urging caution. Basu said the hike would trigger "panic and turmoil" in emerging markets, even though there would be no major crisis.
Nikkei +7.7% Hang Seng +3.40% Shanghai +2.3%
Eur$ 1.1159 CNY 6.3740 JPY 120.41 GBP 1.5381 EURCHF 1.0948 RUB$67.7656 WTI $46.18(+0.48%)
S&P +1% Eurostoxx +2% Dax +2% SMI +1.91%
Macro :
- China Aug. Retail Auto Sales Rise 0.6% on Year, PCA Says
Keep an eye on :
- ABBN VX : ABB Cuts 2015-2020 Revenue Growth Target on Oil Price, EM Growth
- AF FP : Air France-KLM August Passenger Traffic Rises 2.1%
- AAPL US : Apple in Talks to Open Store on Champs Elysees, Le Figaro Says
- BLT LN : BHP, Rio Unlikely to Cut Div., Anglo May Follow Glencore: CIBC
- GBB FP : Bourbon 1H Adj. Ebit EU48.8m Rises 40% Y/y; Keeps Objectives
- CERV IM : CVC Selling 29m shares (14.87%) @E6.55/sh (cut to 24.4% stake)
- CSGN VX : Credit Suisse Said to Lose Three Asia Bankers as Strategy Shifts
- GSK LN : GSK/Theravance Primary Endpoint Was Not Met in Summit COPD Trial
- ITP FP : Interparfums Sees Significant Earnings Growth 2015 and Beyond
- SDF GY : Hesse Ministry Wasn’t Told of Any Hostile Bid by Potash for K+S
- LHA GY : Frankfurt Court Says Lufthansa Pilots Strike Can Proceed
- MC FP : Hennessy Introduces New Cognac for Travelers, Les Echos Reports
- NG/ LN : National Grid Hires Boston Scientific’s Adduci as CIO: WSJ
- UG FP : Peugeot Citroen Plans Temporary Halt at Madrid Plant: Echos
- REP SM : Repsol Mulls Sale of Home Butane Gas Unit: El Confidencial
- RYA LN : Ryanair Raises FY Profit Guidance by 25%
- TDC DC : Denmark’s TDC Said to Have Held Talks to Buy Cable Firm Com Hem
- RIGN SW : Transocean Sees ‘Very Healthy Position’ by End of 2017