US Market closed on weaker note before thanksgiving break, sell off on last hour pushed S&P on lows, trading voluems were low at 620m shares ...VIX @ 12.79 +4.32%...BRazil-1.02%...BOJ released the minutes of its Oct 31st meeting, containing no less than 3 dissenting voices out of 9 board members with a minority view. While themajority said the BOJ 2% inflation target can still be achieved toward the latter half of the 2-year timeframe, the dissenters said it may be difficult to reach the target. One member said inflation already peaked and noted Yen weakness would be temporary. Another member said BOJ credibility may be undermined if the time frame is not met, requiring a more formal warning. All 3 members' requests for language changes were voted down by the majority...PBoC Gov Zhou reiterated China central bank will preserve "prudent" monetary policy but also expressed some further support on widening the yuan band. Euro currency rose against the dollar and on the crosses after the PBoC said EUR is an important part of China's FX reserve management system. PBoC was also positive on French govt debt...Nikkei -0.67%...Shanghai -0.25%
Eur$ 1.3530 S&P Fut +0.15% European Fut -0.05%
Keep an eye on :
- ALGETA NO : Bayer Proposes Preliminary Offer for Algeta at NOK336/Shr - BNP FP : Galeries Lafayette and BNP Paribas locking horns on valuation of LaSer Cofinoga - ESSR LN : Essar Energy to sell majority of non-performing or non-core E&P assets overseas, India to raise money for growth - FCC SM : Spain's FCC May Sell 51% of Renewable Power Unit, Expansion Says - G IM : Generali Lack of Capital Slows Down Recovery, Bernstein Says - GEN DC : Genmab Reaches First Daratumumab Milestone, Boosts Forecasts - GOGL NO : Reports Q3 EBITDA $31.9M v $22Me, R$78.8M v $56.5M y/y, Guides Q4 underlying operational results to be in line with or better than Q3. - OR FP : L'Occitane -2% on numbers in HK... - ORC FP : Orco: Radovan Vitek likely to gain full control of company and subsequently to sell several Orco’s assets - RCO FP : Remy Sees ‘Substantial’ Fall in FY Current Oper. Profit - RXL FP : Rexel Says Organic Sales Growth Will Outperform in Medium Term - TIT IM : Telecom Italia Investor Findim Lacks Votes to Revoke Board: Sole - TNET BB : Telenet in Talks to Buy Brutele Cable in Brussels, L’Echo Says - YARA NO : Yara Agrees to Buy OFD Holding for Enterprise Value of $425m - YARA NO : Yara Sees EPS of NOK19 in Supply-Driven Market Scenario