US Market closed unchanged on S&P and Russell higher, ECB President Draghi pushed mkt lower because he didn't give enough details about ABS purchase, no words on on sovereign bonds purchases...mkt bounce back after reaching short termoversold conditions, cyclical groups, the financial sector (+0.2%) outperformed throughout the session, while technology (+0.04%) displayed strength in the afternoon. Large cap names like Apple (AAPL 99.90, +0.72), Oracle (ORCL 38.27, +0.18), and Facebook (FB 77.08, +0.53) fueled the modest advance in tech, while chipmakers refused to take part...volumes were ahead @ 780mil shares...VIX @ 16.16 -3,29%...After Hours SLXP +4.6% on end of merger with Cosmo...Fed's Bullard (moderate, non-voter) offered some rather hawkish remarks aheadof Friday's NFP, noting the decline in the jobless rate is far better than expected in Sept 2012. Bullard added October is a "natural time" to drop "considerable time" component to the Fed policy statement....Signs of de-escalation in Hong Kong may have contributed to an upward reversal in US indices on Thursday, but Hang Seng still reopened down by over 1% to hit 4-month lows. Recall chief exec CY Leung refused to step down...Shanghai closed for holiday, however China Stats Bureau published non-manufacturing PMI data. Sept print fell to an 8-month low of 54.0, reversing the first sequential increase in 3 months back in August. New Orders component fell into contraction at 49.5 v 50.0 prior, while price index decelerated further to 47.3 v 48.3 prior...Nikkei -0.02%...Hang Seng -0.37%...Shanghai Closed
Eur$ 1.2650 S&P +0.40% EuroStoxx +0.74% FTSE +0.54% Dax / Xetra closed SMI+0.33
Macro
- Nowotny Said to Oppose ECB Purchase Program at Decision Today {NSN NCTWZ06S972R <go>}
- French Truckers Threaten Blockades Over Eco-Tax, Echos Says
- French Bank Regulator Seeks to Oversee Internet Retailers: Echos
Keep an eye on :
- BAER VX : Julius Baer Asked to Pay $4.74m Bail in France, Reuters Says
- BP IM : Banco Popolare keen on merger with BPM - Milano Finanza
- CABK SM : Caixabank Drops Sale of Stake in Credit Card Unit: Confidencial
- CARLB DC : Carlsberg Considers Shutting More Russian Breweries, JP Reports
- CLN VX : Clariant subject of BASF interest - Neue Zuercher Zeitung
- COPN SW : Salix Pharmaceuticals, Cosmo Pharmaceuticals Cancel Merger Pact
- DEB LN : Sports Direct Buys Additional 4.6% of Debenhams
- G IM : Generali Says Chief Insurance Officer Balbinot Resigns
- HOT US : Starwood Capital Starts Sale of Louvre Hotels Group: Les Echos
- ILD FP : France’s Iliad Said to Prepare Offer for Bigger T-Mobile Stake
- ILD FP : Iliad’s T-Mobile Offer Still May Not Tempt Deutsche Telekom: BI {NSN NCURQI6TTDS3 <go>}
- ORA FP : Orange CEO Says Netflix to Pay for Distribution, Network Use
- PFE LN : Pfizer to Reorganize French Business Into Two Units, Echos Says
- ROG VX : Roche’s Leukemia Drug Fails to Win U.K. Panel’s Backing
- SPD LN : Sports Direct Buys Additional 4.6% of Debenhams
- STL NO : Statoil May Cut 500 More Jobs Through Efficiency Program: DN
- UBIS LN : Kellogg CEO Planning to Meet With United Biscuits on Deal: WSJ
- UBSN VX : UBS Risks CHF6b Fine in French Tax Evasion Case, Le Temps Says