Dow-1% S&P-0.42% Nasdaq-0.21% Russell-0.49% VIX 12.22
US MArket Closed lower. Tech was holding before AAPL earnings. United Technologies fell 7.1% after below-consensus revenue and lowered earnings guidance for the year overshadowed an earnings beat. the energy sector (+0.1%) tried to resist the market-wide pressure, but could only eke out a slim gain while crude oil rose 0.9% to $50.87/bbl. Also of note, the top-weighted technology sector (-0.5%) settled just behind the broader market. health care (-0.4%) and consumer staples (-0.3%) settled near the broader market while telecom services (-1.7%) and utilities (-1.0%) underperformed throughout the session. Apple beats by $0.04, reports revs in-line, misses iPhone estimates; guides Q4 revs below consensus, margins in-line, stock -6.8% after hours...FCC Poised to Approve AT&T's $49 Billion Acquisition of DirecTV...Volume in line with average at 700mil shares...US After Hours ISRG +11.7%, CMG +2.1%, GPRO +1.3%, AAPL -6.6%, MSFT -4%, YHOO -1.5% following earnings/guidance...Asian equity markets are broadly lower, tracking weakness in US indices along with disappointing set of earnings from some of the tech heavyweights afterhours. Shares of Apple and Microsoft were down 7% and 4% respectively, weighing on US futures. Front month S&P e-minis are down another 8pts or about 0.4% in electronic trade, while Dax, CAC, and FTSE futures are down about 0.2% heading toward European open. China Conference Board leading index showed another marginal increase, and resident economist noted growth continues to be driven by bank credit rather than stronger performance in the real economy, justifying "fragile" economic outlook. In that vein, China economist Ba Shusong warned annual GDP could slow to 6.0-6.5% in next 5 years, since the recent growth drivers of investment and exports were not sustainable. Ba further called for a more proactive fiscal policy approach.
Nikkei -1.02% Hang Seng -1.14% Shanghai -0.73%
Eur$ 1.0935 JPY 123.66 GBP 1.5568 EURCHF 1.0480 RUB $57.0250 WTI $50.19 (-1.32%)
S&P -0.39% EuroStoxx-0.25% Dax -0.34% SMI +0.01%
Macro :
- Goldman Raises 3-Mo. View on EU Stocks, Cuts View on U.S. Stocks
Keep an ey on :
- ABBN VX : ABB in Cevian’s Sights May Result in Push to Break Up: Real M&A
- ATLN VX : Actelion CEO seeks to defuse takeover talk - Reuters Link : http://reut.rs/1IjOCIa
- ADP FP : French Government to Sell Nice Airport Stake in 2016: Les Echos
- AFR LN : Afren Postpones EGM to Discuss Revised Restructuring Plan
- AIR FP : Airbus China Plant to Deliver A330 Jet in 2018: Xinhua
- AREVA FP : Areva Reactors Unit Now Valued at About EU2.7B, Figaro Says
- BAR BB : Barco 1H Adj. Ebitda EU40.5m; Doesn’t Compare With Est. EU57.9m
- BBVA SM : BBVA Chairman Tells AE He Will Gradually Scale Down Role
- BLT LN : As Commodity Rout Deepens, BHP Output Cuts Seen Flagging Bottom -->-1.55% in Australia
- BMPS IM : Speculation that top shareholders may not renew agreement with the company - Italian Press
- BT/ LN : Sky Tells Regulator BT Purchase of EE Would Hurt Competition
- AM FP : Dassault Aviation to Make Three Rafales a Month, La Tribune Says
- DECB BB : Deceuninck 1H Net EU4.75 Mln; Est. EU3.3 Mln; Confirms Forecast
- GET FP : Eurotunnel 2Q Rev. Rises 9% to EU343.9m vs EU316.2m Restated
- FCT IM : Fincantieri Order Book EU16b; Sees Margins Still Affected
- BAER VX : Julius Baer CEO Collardi Says Strong Franc May Fuel M&A: L’Agefi
- SDF GY : K+S rejects Potash Corp's new attempt at takeover talks - Reuters Link : http://reut.rs/1Mn6tih
- KNEBV FH : Toshiba Completes Sale of 24.2m Class-B Shares in Kone
- LONN VX : Lonza 1H Sales CHF1.91b, Est. CHF1.85b; Reiterates 2015 Outlook
- NOK1V FH : Nokia Said to Debut Virtual Reality Product Next Wk: Re/code
- RDSA NA : Royal Dutch Shell Cut to AA- From AA by S&P, Outlook Negative
- S32 LN : South32 Takes $1.3b Impairment Charge on Manganese Assets
- SSABA SS : SSAB 2Q Oper. Profit Ex-Items Misses Est.; Sales In Line
- SAP GY : SAP CFO Not Interested in Buybacks, FT Says
- SCHP VX : Schindler EGM Proposal Is Illegal, Swiss Takeover Board Says
- SIE GY : Siemens CEO Sees Big Health-Care, Infrastructure Demand in Iran
- SIK VX : Sika’s Urs Burkard Says Founding Family to Fulfill Contract: T-A
- LOCAL FP : Solocal Cuts 2015 Internet Growth Forecast; Net to Be Stable
- TEF SM : Telefonica Fined EU6M by CNMC Regulator
- TEMN VX : Temenos 2Q Non-IFRS Rev. $132.4m vs Est. $128.2m
- TIE1V FH : Tieto 2Q Ebit Ex-Items Profit Beats Est.; Outlook Unchanged
- VATT SS : Vattenfall's sale of its German brown coal operations could be delayed -Dagens Industri