US Market closed higher despite disappointing jobs data, Russel is the only index to finish the week down (-1,3%), market continue to trade very closely to the JPY (sensitivity to csrry trade)...Volume wewr once again above acerage @b751mil shares...VIX @ 15,29 -11,26%...Shanghai Composite leads regional indices higher as CASS forecasts the Stat Council will keep its 7.5% GDP target in 2014; PBoC Quarterly Policy report
pledges continued "stable monetary policy" amid concern economy yet to find a stable base...Rising import energy costs continue to sag Japan trade figures, with December current account deficit widening to a record high for the month and sending 2013 surplus to a record low. Cabinet officials also attribute the deficit in
Nikkei +1,77% ...Shanghai+2,05%...
Eur$ 1.3626 S&P FUt Flattish Euroepan future +0,50%
Macro
- German 2013 Engineering Labor Costs Rose 4.5%: WirtschaftsWoche {NSN N0OTYK6JIJV2 <go>}
- PBOC Says Reasonable Swing in Money Mkt Rates Must Be Tolerated
- France's Planned Savings of EU50b by 2017 `Very High': Moscovici {NSN N0QPG06K50XT <go>}
- France’s Montebourg Calls on Europe to Seek Lower Euro: Echos
Keep an eye on :
- AF FP : Air France-KLM 2013 Results Look Better Than 2012: De Volkskrant
- AZN LN : AstraZeneca Plans to Supply Cheap Heart Drugs to Africa: Times
- BMPS IM :Qatar Fund May Buy 15%-20% of MPS From Foundation: Messaggero {NSN N0OIC46JIJWC <go>}
- BMPS IM : Monte Paschi Plans to Complete Share Sale ‘by Summer,’ CEO Says
- BMW GY : BMW Predicts Record Year for 2014, CFO Tells Sonntagszeitung
- BNP FP : BNP Paribas’s BNL Won’t Buy Monte Paschi, Gallia Tells Sole
- CO FP : Casino Agrees to Buy Colombia Stores From Super Inter
- CON GY : Continental CEO Says ECB Must Act to Curb Euro: Euro am Sonntag
- DBK GY : Deutsche Bank Considering Settlement in Kirch Case, Spiegel Says
- DTE GY : Deutsche Telekom Buys Rest of T-Mobile Czech paid E830mil for 40%) : Manager Magazin
- EDF FP : EDF May Extend Life of U.K. Nuclear Power Stations, Times Says
- FPE3 GY : Fuchs Petrolub Interested in Acquisitions, Boersen-Zeitung Says
- GALP PL : Reports Q4 adj Net €92M v €60Me; Adj EBITDA €271M, +16% y/y- Guides Q1 working production of about 26K BOEPD.
- IBM US : Reportedly IBM finding little buying interest for its semiconductor unit, may instead look to form a joint venture for semiconductor manufacturing
- MS IM : News Corp. Interested in Mediaset’s Pay-TV Newco, Sole Reports
- MC FP : Moet Hennessy Launches Chandon Wine in China, Les Echos Says
- OR FP : Nestle Said to Explore Ways to Reduce $30b L’Oreal Stake
- ROG VX : Plans changes to ADR program ratio to 8:1 from 4:1; starting Feb 27th
- STL NO : State oil group’s cheap valuation has caught the market’s eye- FT
- TEL2B SS : Hutchison Whampoa rumoured to be looking to acquire Tele2 Sweden for USD 6.3bn
- TLW LN : Statoil pours cold water on potential acquisition - Daily Mail
- UBI IM : Ubi Banca Doesn’t Need Capital Increase, CEO Massiah Says
- UCG IM : Italian Banks Must Solve Bad-Loan Problem, UniCredit CEO Says
- VOD LN : Vodafone Presents Takeover Bid to ONO Board (€7/€8 offer), (enterprise value for ONO is seen at €7.1b), bid will be discussedby Ono Board on Feb. 11 {NSN N0R0SK6TTDSB <go>}
- VOD LN : Buy Vodafone, Has Upside as Acquirer and Target, Goldman Says
- VOW3 GY : CEO urging senior management to manage costs; Company braces for another year of challenging market conditions