US Market closed Lower, Small cap leaded the move ( Russel 2000 -1,6%), Out of the five largest sectors that represent more than 70.0% of the S&P500, consumer discretionary (-1.1%), financials (-0.8%), technology (-0.6%), and industrials (-0.8%) lagged throughout the session, while health care (unch) displayed relative strength thanks to modest gains in biotech. The iShares Nasdaq Biotechnology ETF (IBB 231.41, +0.90) advanced 0.4%. The weakest sector of the day—consumer discretionary—suffered from noteworthy losses among apparel retailers. Shares of Fossil (FOSL 100.00, -11.45) tumbled 10.3% after the company's cautious guidance overshadowed its earnings beat. Volume were belwo average @ 600mil shares... Japan Q1 GDP grew at a 3-year high of 5.9% on annual basis, as consumers rushed to make advance purchases before the Apr 1st start of higher sales tax and businesses invested generously...- Shanghai Composite remains under pressure on renewed concerns over China's
rate of growth in the wake of disappointing April economic data. China National...Nikkei -1,07% HS+0,35%...Shanghai -0,70%
Eur$ S&P Fut flat European fut -0,10%
Macro
- French Govt Publishes Decree on Foreign Investment, French Decree Lets Govt Block Some Foreign Takeovers
Keep an eye on :
- AN FP : Mediaset Seeks Financing to Boost Canal+ Stake, Expansion Says
- AGL IM : Autogrill PT Cut to EU8.5 at Mediobanca; Kept at Outperform
- AGN NA : Aegon 1Q Underlying Pre-Tax Profit Beats Analysts' Estimates
- CFR VX : Richemont FY Oper. Profit In Line With Ests. April Sales Hurt by Japan, Div. Beats Forecast
- G IM : Generali 1Q Net Income Rises to EU660m; Beats EU606.1m Estimate
- IM NA : Imtech 1Q Net Loss EU77.7m vs EU60.9m Loss
- LNZ AV : Lenzing 1Q Sales, Ebit Drop; Cost Cut Program Exceeding Target
- M5Z GY : Manz 1Q Sales Rise 9%, Loss Widens; Says Got New Orders of EU75m
- MRK GY : Merck KGaA 1Q Rebif Sales Beat Ests.; Erbitux Sales Miss
- UG FP : Peugeot Family Won’t Withdraw From Carmaker, Member Tells Echos
- SIX2 GY : Sixt 1Q Sales Rise 8%; Pretax Up 19%; Confirms 2014 Outlook
- SZG GY : Salzgitter 1Q Loss EU13.3m vs EU17.1m Loss, Confirms Forecast
- TKA AV : America Movil Starts Public Offer in Cash for Telekom Austria
- VIV FP : Vivendi 1Q Sales in Line, Adj. Net Income Beats Estimates, 1Q Adj. Net Beats, Says It's Primed for Growth
- VK FP : Vallourec to Cut 240 Jobs in France, Germany: Les Echos
- VTG LN : VTG 1Q Sales, Ebit, Pretax Fall; Cuts 2014 Sales Outlook
- WDI GY : Wirecard 1Q Sales Miss Est., Ebitda Up 33%; Confirms Outlook
- ZURN VX : Zurich Insurance 1Q Net $1.27b vs $1.06b