Dow -0.24% S&P -0.22% Nasdaq -0.88% Russell +0.08%
US Market start the last week of Q3 on a negative note, pushed by tech names. Wall Street rotated out of the S&P 500's technology sector, which has led the stock market's 2017 campaign, in favor of some groups that have struggled so far this year, such as energy (+1.5%), consumer staples (+0.7%), telecom services (+0.9%), and real estate (+0.3%). We noticed also a market-cap rotation on Monday, evidenced by the S&P MidCap 400 (+0.2%) and the small-cap Russell 2000 (+0.1%), both of which finished ahead of the broader market. The Russell 2000 also settled at a new all-time high. US After Hours ASNA +15%, SNX +9%, RHT +4% following earnings/guidance, GHL +13% on leveraged recapitalization plans. Asian MArket opened mostly to the downside as tension on the Korean peninsula brought back risk aversion and a flow to safe haven assets. Commodities continue to rise being led by copper. yuan declined to the lowest level against its currency basket in nearly 4-weeks as the PBOC weakens the daily fix. In an SCMP piece it is noted that China could be heading towards a free-floating currency after a group of economists, including officials from PBoC suggested the time was ripe for such a move.
Nikkei -0.39% Hang Seng -0.14% CSI -0.09% Shanghai -0.06% Shenzen -0.25%
Eur$ 1.1840 CNH 6.6146 CNY 6.6195 JPY 111.55 GBP 1.3476 CHF 0.9679 RUB 57.4281 WTI$ 52.20 -0.04%
S&P -0.11% EuroStoxx -0.17% Dax -0.22% FTSE -0.11% SMI -0.34%
Macro :
- Oil Service ‘Capitulation’ Is Over, Credit Suisse Says Go Long
Keep an eye on :
- ALO FP : Siemens, Alstom Are Said to Finalize Rail-Unit Merger Details, Poupart-Lafarge Is Said to Lead Siemens, Alstom Rail Unit: FAZ
- BLT LN : BHP’s Balhuizen Says Co. Seeks Growth in Value, Not Volumes
- DSM NA : DSM Says Prepared to Spend Asset-Sales Proceeds on Acquisitions
- FINGB SS : Fingerprint PT Cut by 30% at Pareto After Sales Warning
- IAG LN : IAG Confirms Air Berlin Bid, Sees It Going to Lufthansa: Rtrs
- IG IM : Italgas Presents Binding Offer for Gas Natural Italy Assets: CEO
- JUST LN : Just Group Holder Cinven to Sell 93m Shares via Placing
- LHN VX : Poupart-Lafarge Is Said to Lead Siemens, Alstom Rail Unit: FAZ
- MAERSKB DC : Maersk May Seek Higher Price For Drilling Business: Jefferies
- MAP SM : Mapfre Says Hurricanes, Earthquakes to Cost Co. EU150M-EU200M
- NESN VX : Nestle Aims for Operating Margin of 17.5% to 18.5% by 2020
- NETS DC : Nets Deal Should Be Straightforward, Highly Likely to Close: UFP
- NEX FP : Nexity to Develop EU50M Office Project for 3M in Paris Suburb
- SAF FP : Safran Sees as Much as EU350 Mln Hit From CFM56-LEAP Transition
- TKA GY : Thyssenkrupp to Increase Stock Capital by EU144.9m, or 10% --> Thyssenkrupp Raises EU1.38b in Share Placement
- UBER IPO : Lyft Is Said to Put U.K. on Shortlist of International Mkts: FT
- UN01 GY : Uniper bidder Fortum made unofficial EUR 19 per share bid in July - Kaupphaleti
- FR FP : Siemens Has Put Option for Valeo E-Engine Venture: Handelsblatt