US Markets closed lower after a less dovish than anticipated FOMC statement; Most notable changes included a dropped warning that tight financial could slow the pace of improvement in the economy and labor market conditions; FOMC also acknowledged some slowdown in the housing space and dropped the comment that mortgage rates have risen...FB slightly higher after better numbers (FB+0.7%)...VIX @13.65...Brazil-0.67...BOJ offered a minimal policy statement ahead of the release of semiannual Outlook for Economic Activity and Prices, voting unanimously to increase monetary base at annual pace of 60-70T yen - its standard policy setting and as widely expected. Separately out of Japan, Manufacturing PMI hit 54.2 vs 52.5 -the highest reading since May 2010. The data signaled that the latest expansion was largely demand driven and apparently unimpeded by PM Abe's confirmation of sales tax hike". Nikkei -1.2%...China central bank conducted reverse repo operations again, injecting liquidity in both available opportunities for open market operations. PBoC did CNY16B in 14-day reverse repos for the day and CNY29.1B total for the week -the first weekly net injection after 2 weeks of net drain..Shanghai -0.80
Eur$ 1.3697 S&P Fut -0.34% European index -0.45%
Keep an eye on : - ABI BB : AB InBev 3Q Adj. Ebitda $4.66b; Est. $4.47, 3Q Adj. Ebitda Beats, Organic Rev. Growth Misses - ACS SM : Sacyr, ACS Sell Stakes in Seville Metro Manager to Globalvia - AF FP : Air France Sees 2014 Ebitda at Bottom of Targeted Range - ALT FP : Q3 Rev €395 +15% - ALU FP : Alcatel 3Q Operating Profit Beats, Expects to Exceed Cost Target - BAYN GY : Bayer 3Q Ebitda Ex-Items Beats Ests.; Repeats 2013 Group Goals - BNP FP : BNP Paribas 3Q Net Income Beats Estimates; CIB Pretax In Line - BN FP : Danone, TPG in Talks to Buy Tirumala Milk, Economic Times Says - BOSS GY : Hugo Boss 3Q Adj. Ebitda In Line With Ests., Rev. Misses - EVK GY : Evonik 3Q Adjusted Ebitda Beats Estimates, Confirms 2013 Outlook - F IM : Fiat Remains Heavily Cash Bleeding, Kept at Reduce at Nomura - GEA GR : GEA Group 3Q Operating Ebit Beats; Confirms Full-Year Forecasts - GEBN VX : Geberit 3Q Sales, Ebitda Ahead; Construction Challenging in 4Q - LHA GY : Lufthansa 3Q Rev. Misses Est., Reiterates FY Outlook - LONN VX : Lonza 3Q In-Line; 2013 Capex to Remain Below CHF250m - IAM FP : Maroc Telecom 9 Mos Revenue Down 4.7% Y/Y - NOK1V FH : Nokia Wins Sprint TDD LTE Roll-Out Deal, Displacing Ericsson - NOVOD DC : Novo Nordisk 3Q Victoza Rev. Misses Est.; Plans Stk Split - NRE1V FH : Nokian Renkaat 3Q EPS, Net Match Ests.; Sees Pricing Challenges - OR FP : L’Oreal 3Q LFL Sales Misses Est.; 2013 Goals Confirmed,May Slide as Revenue Misses Estimates on North America - OR FP : Shiseido Says It May Sell More of Its Non-Core Businesses - RAND NA Randstad Says CEO Noteboom Replaced by Van Den Broek Feb. 28 - REC BB : Recticel 3Q Sales EU239.1 Mln vs Restated EU251.9 Mln - RIG2 GR : Gedeon Richter 3Q Net Rises 26%, Beats Estimate - RXL FP : Rexel 3Q Sales In Line With Ests.; Confirms Full Yr Targets - SRG IM : Snam Still Offering Appealing Defensive Profile, BofAML Says - STMN SW : Straumann 3Q Rev. CHF155.2m Misses Est.; Affirms 2013 Forecast - SUBC NO : Technip, Subsea7 Win Tullow Contracts for Ghana Offshore Project - TEC FP : Technip 3Q Net EU150m vs Est. EU171m; Cuts Subsea Profit Targets - TEC FP : Technip, Subsea7 Win Tullow Contracts for Ghana Offshore Project - TEL NO : Telenor 3Q Sales In Line W/ Est.; Lowers FY Revenue Guidance - FP FP : Total 3Q Adj. Net EU2.72b Matches Est.; Div. EU059/Share In Line - UBSN VX : Abu Dhabi to Buy UBS Paris, Lyon Buildings for EU750M: Figaro - VWS DC : Vestas Turbine Catches Fire; 2 Dead, Ekstra Bladet Reports - WCH GY : Wacker Chemie 3Q Ebitda, Sales Miss Estimates, Confirms Forecast