US Market Closed lowerm with financials (+0.2%) & energy (+0.2%) leading but industrials still weak (-0.7%)...tech still weak...light volume on the NYSE @ 646m shares...- Bernanke struck a familiar dovish tone, reiterating that interest rates may remain near zero for considerable time after bond buys end, and possibly well after unemployment declines to less than 6.5%. Bernanke also continued to imply that the Fed remains extremely data-dependent without a clear outlook for the start of the taper, noting the FOMC would only start to slow bond buys if labor market and inflation align with its projections... today is a busy economic day..MBA Morg, Retail sale, business invc....VIX @ 13.39 +2.21%...Brazil-2.35%...Japan posts its 3rd largest trade deficit as energy impor costs mount; ...China conference board leading index at a 3-month low; Resident economist noted growth slowed due to weak real estate activity, only partly offset by an improved outlook for manufacturing production and exports. Recall overnight, PBoC announced it would end FX interventions, establishing a managed float rate and expanding a daily trading band...Nikkei -0.3%...Shanghai +0.6%
Eur$ 1.3539 S&P Fut -0.03% European Fut -0.35%
Keep an eye on :
- BKIA SM : Bankia attracts interest from investors - WSJ - MEO GY : Metro Cash & Carry Russia IPO could exceed USD 1bn, Sberbank and Goldman Sachs possible organisers - NYX FP : Euronext CEO Sees Consolidation of EU Equity Markets: Les Echos - UG FP : Peugeot board mandates manag for continuing negotiations with Dongfeng - PC IM : Schematrentaquattro Launches EU200m Bond Offer for Pirelli Shrs - RNO FP : Global Vehicle Market May Grow 2-3% Next Yr, Nissan's Ghosn Says - ROG VX : Roche’s Kadcyla Approved in EU for HER2-Positive Breast Cancer - SAP GY : SAP, China Telecom Expand Partnership in Cloud Computing - SAS SS : SAS Says 2012/2013 Profit Not a One-Time Occurrence, SvD Reports - STLN SW : Schmolz & Bickenbach 3Q Loss Narrows, Sees 2013 Revenue Drop - TESB BB : Tessenderlo Sells Aliphos Unit to EcoPhos for Undisclosed Terms - TFI FP : French team qualified for Worldcup --> +ve, TF1, Discovery Discuss If Call Option to Be Exercised Early - TKA GY : ThyssenKrupp U.S. Disposal Seen With No More Writedowns, HB Says - TKA GY : ThyssenKrupp Doesn’t Rule Out Capital Increase - ZC FP : Zodiac Predicts 2013-14 Organic Growth in ‘Buoyant’ Environment, to propose 5 for 1 stock split