US Market closed higher, All ten sectors finished in the green, but health care (+0.6%) contributed to the opening weakness, pressured gy GILD (-8,7% at the lowest level to finish -1,4%), utilities was best performer(+1,2%)...volume were light...VIX @ 12,09 -4,35%...Markets are less enthused by the 2nd consecutive record high in China trade surplus, as it also marked the 2nd straight instance of falling imports, Shanghai Composite is closed for holiday, but the Hang Seng hit its session lows below 25,100 just after the trade figures...Japan released its final Q2 GDP that showed an even bigger contraction than initially estimated. Private consumption was particularly soft, falling 5.1% on sharply reduced spending following consumption tax hike. The biggest downward revision was seen in corporate CAPEX which was cut to -5.1% from -2.5% prelim and below 3.4% consensus, with companies reluctant to invest given the more protracted drag from the sales tax than anticipated...Scotland referendum put pressure on cable...In geopotical theater, weekend developments in Ukraine and Iraq will likely keep the markets on edge this week. After the official start of a ceasefire on Friday, both sides accused each other of continued shelling around the Ukraine port city of Mariupol. EU official also unveiled the specifics of the latest round of sanctions on Russia, banning top energy firms Rosneft, Transneft, and Gazprom oil unit from fund raising and securing new loans...Nikkei +0.07% Hang Seng -0.30% Shanghai closed
Eur$ 1.2938 S&P -0.10% Eurotsoxx +0.20% FTSE -0.07% Dax+0.23% SMI +0.23%
Macro
- Schumer Draft Tax Proposal on Inversions Could Reach to 1994 {NSN NBJQF06TTDS2 <go>}
- EU unveils details on new Russia sanctions; To prevent top energy firms Rosneft, Transneft, and Gazprom oil unit from fund raising
-ECB's Visco (Italy): ECB should not hesitate to take further action on monetary policy if needed
- IMF’s Lagarde Doesn’t See Euro as Overvalued Vs Dollar: Echos
- China Aug. Exports Rise 9.4% Y/y; Est. 9% Rise
- Japan July Current-Account Surplus 416.7b Yen Vs Est. 444.2b Yen
- Higher German Spending Would Be Good for Germany, Lagarde Says
- German Gain From Financial Transaction Tax EU17.6b: Sueddeutsche
Keep an eye on :
- ADS GY : Adidas Trails Nike, Under Armour in U.S. Sportswear Sales: WSJ
- AGN US : Allergan/Jazz: Irish Takeover Rules May Trigger Clarity: Sterne
- AIR FP : Air Officials May Add Restrictions on Lithium Batteries: WSJ
- ALO FP : Alstom Accused of Paying GBP6m in Bribes to Win Contracts: FT
- AZN LN : AstraZeneca Sues Sagent Pharma Over Patents for Faslodex
- AZN LN : Astra Says Benralizumab Failed to Meet Main Goal of COPD Study
- BA US : Boeing Said Poised to Win $11b Ryanair Order for 737Max Models
- ALCAR FP : Carmat Director: Report of Second Heart Implantation Is Rumor
- CU FP : Club Med’s Sales Decline Complicates Potential Fosun Bid: Monde
- AM FP : Airbus Said Planning 10% Dassault Stake Sale Ahead of Full Exit
- DTE GY : Dish’s Ergen Said to Discuss T-Mobile Deal With Deutsche Telekom {NSN NBG12M6KLVRE <go>}
- DTE GY : Deutsche Telekom eyes majority in Deutsche Sportwetten (local sports betting co) - ARD
- ELUXB SS : GE Agrees to Sell Appliances Business to Electrolux for $3.3b --> Investor AB see SEK6Bil right issue, support deal
- EOAN GY : Italy’s Edison to Enter Talks to Buy E.ON Italian Unit: Reuters
- FUM1V FH : Fortum could see lowered price for Swedish electricity networks due to new legislation- Kauppalehti Online
- G IM : Generali Plans Acquisitions, CEO Tells Sueddeutsche Zeitung
- GSK LN : Glaxo’s Experimental Ebola Vaccine Fights Off Virus in Monkeys
- JUP LN :Jupiter Raised to Buy; Numis Says Market Overreacted to Bad News
- NFLX US : Netflix Will Have to Pay 2% Tax on French Revenue, Figaro Says
- NOVN VX : Novartis: Data Show Ultibro Cut More COPD Flareups vs Seretide
- ROG VX : Roche’s Roactemra Wins EU Approval for Rheumatoid Arthritis
- RYA LN : Boeing, Ryanair to Make ‘Significant Announcement’ Tomorrow
- RYA LN : Ryanair Said Poised for $11 Billion Purchase of Boeing Max Jets
- TEC FP : Technip to Close Sea-Based Wind Power Unit, Les Echos Says
- TIT IM : Telecom Italia’s Patuano Says No Intention to Spin Off Network, to Speed Up Investments in Brazil, CEO Says
- TIT IM : Telecom Italia says may reconsider Telecom Argentina's sale if Argentine regulators continue delaying deal approval, TIM remains core asset
- TMUS US : Dish’s Ergen Said to Discuss T-Mobile Deal With Deutsche Telekom {NSN NBG12M6KLVRE <go>}
- UCG IM : Ardian Said to Buy UniCredit Fund Stakes Valued at $1.3b
- VIE FP : Veolia CEO Sees at Least 2 Credible Bidders for Ferry Co. SNCM
- VOD LN : Vodafone to Begin Mobile Payment Service in U.K. Next Month: FT