US Market Closed higher, near the highs of the year...a quiet session but with a lot companies reporting...VIX @ 13,2 (-1,6%)...Brazil-1,01%...China money market pressure remains on display as Shibor rates continue to hit multi-month highs(4,37% +0,28), leading to sources within the PBoC to hint that the central bank may resume liquidity injections if rates move too high; Markets may still interpret this as endorsing gradual build-up of expectations for reduced PBoC accommodation...Shanghai -1,15%...Japan CPI data marked prime economic events of the session. National CPI was above expectations and core-CPI saw its first sequential decline in 6 months. More notably, the core-core CPI (ex food/energy) was flat, the first non-negative print since 2008, leading to some celebratory rhetoric from cabinet officials about Japan's exit from deflation. ...Nikkei -2,20%...Canon -1% on numbers Samsung -1% on Q3 numbers...Fitch Lowers GDP outlook for world growth (2013 2,3% vs 2,4%, 2014 2,9% vs 3,1%, 2015 unch. @ 3,2%
Eur$ 1,3820 European futures indicated @ 40bps lower
Keep an eye on: - AZA IM : Poste CEO Says 'In Tune' With Air France on Alitalia: Sole - AH NA : Ahold on Track to Triple Online Units' Sales by 2016: Dagblad - AAL LN : Anglo American CEO Cools on Minas-Rio Stake Sale as Prices Climb - ATO FP : Atos 3Q Rev. Misses Ests; Confirms 2013 Outlook - CS FP : Axa Says 9-Month Total Revenue Rose 2% to EU69.5 Billion - BAS GY : BASF 3Q Ebit Ex-Items EU1.69b, Est. EU1.62b; Confirms 2013 Goals, Sees No Economy Upturn in 4Q, FX to Impact Earnings - BBVA SM : BBVA 3Q Net Misses Estimates; Won't Pay January Dividend - BELG BB : Belgacom 3Q Ebitda of EU428m Meets Ests., Reiterates FY Outlook - BUCN SW : Bucher Confirms FY Forecast for Improvement in Profit - CABK SM : CaixaBank 3Q Net EU50 Mln; Analyst Est. EU32.8 Mln - CA FP : Carrefour Hires Itau BBA, CS for Brazil IPO - DAI GY : Daimler aims to complete purchaseof 12% stakein BAIC's car unit by YE - EAD FP : Airbus Woos U.S. With Supplier Meeting in Washington,CEO ‘Very Confident’ of Gaining U.S. Customers for A380 - ELUXB SS : Electrolux 3Q Op. Profit SEK1.08b; Est. SEK1.32b, to Cut Jobs - FCC SM : Gates Invests in FCC Through Cascade, Foundation, Filing Shows - OGZD LI : Russia May Boost Taxes on Gazprom to Aid Budget, Kommersant Says - HUH1V FH : Huhtamaeki 3Q Sales, Pretax Profit Miss Ests.; Outlook Unchanged - INGA NA : ING to Have 57% Stake in ING U.S.; Underwriters Exercise Option - KER FP : Kering Seeks to Sign Agreement This Yr to Sell La Redoute - MOR GY : MorphoSys Lifts Profit Forecast on Higher Sales, Lower Costs - MOEX RX : Moscow Exchange Shares May Be Added to MSCI Russia, VTB Says - NOK1V FH : Nokia’s Margins to Suffer From High Competition with european operators (ALU gaining ground) , Cleveland Says - NOVOB DC : *NOVOZYMES 3Q EBIT DK755 MLN; ANALYST EST. DK744 MLN - OR FP : L'Occitane (973 HK) -6.5% on Q3 numbers - UG FP : French radio BFM reporting this morning PSA is looking at selling half of Banque PSA to Banco Santander for c. €1.5bn + Participation from the French State.Talks with Dongfeng loosing momentum - PUB FP : Google in Advertising Agreement With Publicis, FT - PWTN SW : Panalpina 3Q Consolidated Profit CHF23.8m Vs CHF3.6m - RBS LN : RBS’s Bad Bank Unit to Sell Commercial Property Assets, FT Says - SAFT FP : Saft 3Q Rev. €153m vs €132m Y/y reaffirms yr forecast for rev. €630m, Ebitda €90m-€95m; yr rev. est. €621m, Ebitda €92.6m - SGO FP : Saint-Gobain 3Q Rev. Matches Est.; Confirms 2013 Targets - SU FP : Schneider Q3 Rev €5.9B v €6.1B y/y; Cuts FY13 targets; sees stable to limited organic revenue growth- Expects FY13 adj EBITA margin to be negatively impacted by fx by about 0.3 to 0.5 pct points - Guides FY13 Rev stable to limited growth - SOLB BB: Solvay 3Q Adj. Ebitda Misses, Adapts 2013 Forecast for Vinyls JV - SSABA SS : *SSAB 3Q OP. LOSS SK598M; ANALYST EST. SK190M LOSS - TCH FP : Technicolor Confirms 2013 Objectives; Quarterly Revenue Drops - TIT IM : Telecom Italia minority shareholder seeks international candidate to head group - HO FP : Thales Took in Orders Over EU100 Mln Since Start-2013: Tribune - UCB BB :UCB 3Q Rev. EU842m; Est. EU845m; Confirms Full-Year Outlook - UNR1V FH : Uponor 3Q Earnings Match Ests.; Infra JV Integration Proceeds - USG NA : USG People 3Q Rev Falls 3% to EU599m; Beats Est. of EU586m - VOLVB SS : Volvo 3Q Sales SEK64.9b; Analyst Est. SEK66.9b