Dow +0.45% S&P +0.03% Nasdaq +0.16%Russell
AT RECORD AGAIN. Most indices closed at all-time high (Dow, SPX, and NDX). FOMC didn't raise (as exp) and dollar collapsed (DXY below 94 and €uro back to early 2015 levels, above 1.17. Gold back above 50/100day. Huge earnings day TODAY and also yesterday earnings the driver. Telcos (T), Semis (AMD), and AeroSpace (BA) leaders on EPS. Oil subs also ripped on supportive inventory data from DoE (Crude +1.6%). Laggards were Steel on Trump's delay on anti-steel dumping, Hospitals as Republicans begin Obamacare repeal, and Regionals / TelcoEquips / Casinos / machinery on earnings. Volumes touch better than norm, came at 6.5bn shares, which is +11% above 20day ave. FOMC said would begin running off their $4.5t balance sheet “relatively soon” and left rates unch - said will "assess progress toward their inflation goal". US After Hours NTRI and NTGR +7%, ORLY +5%, FB +3% higher following earnings/guidance, CPN on potential M&A talks advancing... ESND -12%, CYH -12%, BWLD -8%, FFIV -7% following earnings/guidance. ASIAN MARKETS – MOSTLY HIGHER. Mainland equities have risen from earlier lows. The PBoC made a modest CNY20bn net liquidity injection as the offshore yuan strengthened to its highest since early June. There was limited immediate upside from data showing a pickup in industrial profit growth. Elsewhere the Nikkei is holding onto gains despite the yen’s strength. A busy day of Japanese earnings has been headlined by Nintendo’s bumper result. Samsung’s record profit has also driven strength in the Kospi.
Nikkei +0.13% Hang Seng +0.61% CSI +0.28% Shanghai +0.12% Shenzen +1.32%
Eur$ 1.1733 CNH 6.7298 CNY 6.7299 JPY 111.06 GBP 1.3135 CHF 0.9512 RUB 59.3812 WTI$48.67 -0.16%
S&P +0.17% EuroStoxx -0.15% FTSE +0.11% Dax -0.25% SMI -0.12%
Macro :
- Citi Is Said to Plan Moving Part of Private Bank to Madrid: Pais
- Chanel, Luxury Peers to Raise Japan Prices Amid Weak Yen: Nikkei
- Snap, Blue Apron Ineligible for Index Inclusion: FTSE Russell
- Germany to Propose €500m Fund to Avoid Driving Ban: Handelsblatt
Keep an eye on :
- AALB NA : Aalberts First Half Ebita EU169.8 Mln
- ABI BB : AB InBev 2Q Earnings Beat Estimates, Sees Promising 2H, AB InBev Sees Full Year Effective Tax Rate 22% To 24%
- AC FP : Accor Sees 2017 Ebit Between EU460 Mln and EU480 Mln
- AIR FP : Airbus 2Q Profit Drops 27%; Full-Year Forecast Kept
- ALV GY : Allianz Second Quarter Net Income EU2 Bln
- AAL LN : Anglo American Resumes Dividends Early as Miner Trims Debt
- MT NA : ArcelorMittal 2Q Ebitda $2.1B, Compared W/ Est. of $2.2B
- AZN LN : Bristol-Myers Sues AstraZeneca, Pfizer, Roche Over Cancer Drugs
- BAS GY : BASF Second Quarter Adjusted Ebit Beats Estimates, Raises 2017 Ebit Outlook as Earnings Beat
- BAYN GY : Bayer Second Quarter Adjusted Ebitda Beats Highest Estimate
- CAP FP : Capgemini First Half Net Income EU375 Mln
- CO FP : Casino First Half Trading Profit EU466 Mln
- CDI FP : Christian Dior 1H Rev. EU20.7B
- DAI GY : Daimler’s Zetsche, BMW’s Krueger to Discuss Car Sharing Plan: HB
- BN FP : Danone Confirms Targets; 1H Underlying Recurring Net Up 12%
- AM FP : Dassault Aviation Sales Strong, Mix Weaker, Ests. Cut: Goldman
- DBK GY : Deutsche Bank 2Q Net Income EU447m vs Estimate of EU311.3m
- DBK GY : Deutsche Bank Unit IPO Is Said to Be in 2018 at Earliest: Rtrs
- DB1 GY : Deutsche Boerse 2Q Net Revenue Misses Lowest Estimate
- DIA SM : DIA First Half Net Income EU54 Mln
- DGE LN : Diageo Full Year Net Sales Beat Estimates
- DLG GY : Dialog Semi Second Quarter Revenue Misses Estimates
- DRW3 GY : Draegerwerk Second Quarter Ebit EU16.8 Mln
- ELIOR FP : Elior 9-MO Rev. EU4.872B vs EU4.429B
- ELIS FP : Elis First Half Net Income EU19.9 Mln
- ERA FP : Eramet 1H Net EU81 Mln vs Loss EU141 Mln
- NK FP : Imerys Targets Current Net Income Growth Above 7% in 2017
- ING FP : Ingenico 1H Net Climbs 7%; Co. Forecasts Higher Ebitda Margin
- ITP FP : Inter Parfums Raises Year EPS, Sales View Above Estimates
- IPN FP : Ipsen Raises 2017 Margin, Specialty Care Forecasts
- JMT PL : J. Martins First Half Net Income Misses Estimates
- DEC FP : JCDecaux 1H Net EU74.1 Mln, Down 7.8%
- LUPE SS : Lundin Mining Sees Full Year Capital Expenditure $490 Mln
- MC FP : LVMH 1H Showed Strong Performance From Key Divisions: Goldman
- MONC IM : Moncler First Half Revenue EU407.6 Mln
- NESN VX : Nestle First Half Organic Revenue Misses Estimates, Sees FY Organic Sales Growth at Lower End of 2%-4% Range
- NEX FP : Nexans 1H Net EU92M vs EU29M
- NOKIA FH : Nokia 2Q Profit Beats Estimates; Market Seen More Challenging
- ORA FP : Orange 2Q Adjusted Ebitda EU3.38B; Est. EU3.31B
- OSR GY : Osram 3Q Results Maybe Not Enough After Year-to-date Run: MS
- ROG VX : Bristol-Myers Sues AstraZeneca, Pfizer, Roche Over Cancer Drugs
- SU FP : Schneider Upgrades Full-Year Organic Revenue Growth Target
- SCR FP : Scor Launches EU200m Share Buyback Program
- SIK VX : Sika Achieves Record Sales, 1H Net Profit Surges 16%
- STL NO : Statoil Profit Beats Est. to Reach Highest Since Oil Crash
- SEV FP : Suez 1H Net EU45 Mln vs EU174 Mln
- TTK GY : Takkt Second Quarter Ebitda EU37.1 Mln
- TECH FP : Technicolor 1H Rev. Down; Posts Wider Net Loss; Goals Confirmed
- TEF SM : Telefonica 2Q Oibda EU4.16B; Est. EU4.13B
- UNA NA : Unilever Bankers Are Said to Push for Colgate Buy: StreetInsider
- VED LN : Vedanta May Sell Up to $1b in Dollar Bonds Next Week: Eco. Times
- VOW3 GY : VW Board Met on Cartel Issue; Says Talks Among Rivals ‘Common’