>>> US GApping Up

Gapping up 
In reaction to strong earnings/guidance: PLNR +49.7%, CGG +21.6%, SWIR +20.6%, ALSK +13%, DATA +11.7%, ACAS +11.5%, NDLS +10%, MBI +8.9%, KATE +8.5%, WFM +8%, KGC +7.5%, RDNT +7.2%, HZNP +6.8%, POWR +6.5%, TERP +6.2%, ABTL +5.9%, SFUN +5.9%, TPH +5.7%, DRYS +5.5%, DEPO +5.2%, VVUS +5.2%, ECOL +5%, TRUE +5%, TSLA +4.9%, FNV +4.6%, CDE +4.4%, CPN +4.4%, MDR +4.1%, QEP +4%, ORIG +3.9%, NWSA +3.9%, FMI +3.9%, VE +3.4%, FLL +3.2%, MWIV +3%, SSNI +2.8%, PBH +2.6%, SSRI +2.5%, CBS +2.4%, NVAX +2.3%, TDC +2.3%, AREX +2.1%, TRAK +2.1%, GPOR +2%, IL +2%, QEPM +1.7%, UHAL +1.7%, MTDR +1.6%, ECYT +1.3%, PPO +1.3%, EXXI +1.3%, AOL +1.3%, RGP +1.1%, SKUL +0.9%

Select coal related names showing strength: ANR +3.3%, WLT +2.9%, BTU +2%, ACI +1.7%

Select metals/mining stocks trading higher: IAG +5.3%, HMY +2.5%, EGO +1.8%, AUY +1.7%, ABX +1.6%

Other news: PNK +8% (intent to pursue a plan to separate its real estate assets from its operating assets), BYD +5.8% (in sympathy with PNK), AEGR +3.3% (acquires Myalept from AstraZeneca (AZN)), PT +3.3% (cont vol pre-mkt over M&A spec), GSB +2.4% (announced special cash dividend of $0.05 per common share), GPRO +2.4% (cont vol pre-mkt), FEYE +1.8% (following CEO CNBC interview), DEG +1.5% (announces agreement to sell Bottom Dollar Food store locations), PPO +1.3% (co and Panasonic (PCRFY) signed a letter of intent for Lithium-Ion battery separator development; co also reported earnings), RGP +1.1% (Energy Transfer and Regency Energy Partners (RGP) to construct third fractionation facility at Mont Belvieu for estimated cost between $420 and $430 mln ), EVOL +0.8% (granted a patent in Canada for key elements of the Company's Dynamic SIM Allocation solution)

(BFW) SocGen to Merge Its Two U.S. Broker-Dealers Start of 2015: Valet

BN 11/06 12:50 *SOCGEN MERGING US BROKER-DEALERS PART OF NEWEDGE SYNERGIES
BN 11/06 12:50 *SOCGEN TO MERGE ITS TWO US BROKER-DEALERS START OF 2015: VALET
SocGen to Merge Its Two U.S. Broker-Dealers Start of 2015: Valet
2014-11-06 13:02:06.118 GMT


By Fabio Benedetti-Valentini
Nov. 6 (Bloomberg) -- Merging U.S. broker-dealers part of
Societe Generale’s planned savings from full ownership of
derivatives brokerage Newedge, corporate- and investment-banking
CEO Didier Valet tells analysts in webcast.
* “Beginning of 2015 we will be even more able to accelerate
these synergies:” Valet
* SocGen in May acquired 50% stake it didn’ own in Newedge and
it has said it plans ~EU200m revenue and cost savings by
2016

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>>> US Early premarket gappers

Early premarket gappers
Gapping up: PLNR +44.6%, SWIR +20.6%, ALSK +13%, DATA +11%, NDLS +10%, ACAS +9.5%, HZNP +9%, WFM +8.9%, MBI +8.9%, KGC +7.5%, POWR +6.5%, TERP +6.2%, ABTL +5.9%, TPH +5.7%, DEPO +5.2%, ECOL +5%, TSLA +4.8%, CDE +4.7%, FNV +4.6%, CPN +4.4%, VVUS +4.2%, MDR +4.1%, DRYS +4.1%, QEP +4%, ORIG +3.9%, NWSA +3.9%, FMI+3.9%, RDNT +3.5%, FEYE +3.2%, FLL +3.2%, MWIV +3%, SSNI +2.8%, PBH +2.6%, SSRI +2.5%, GSB +2.4%, CBS +2.4%, TRUE +2.4%, NVAX +2.3%, AREX +2.1%, TRAK +2.1%, HOLX +2%, GPOR +2%, IL +2%, QEPM +1.7%, UHAL +1.7%, MTDR +1.6%, PPO +1.3%, ECYT +1.3%, PPO +1.3%, EXXI +1.3%, AOL +1.3%, RGP +1.1%, RGP +1.1%, SKUL +0.9%

Gapping down: SZYM -31.8%, CSOD -19.7%, TXTR -18.5%, GNW -17.6%, BCOR -16.1%, WWWW -16%, TNGO -13.6%, GNRC -12.7%, Z -9.1%, MCP -8.5%, SB -8.1%, WBMD -7.9%, BIOS -7.1%, KLIC -6.1%, LPSN -6%, QCOM -5.9%, CF -5.4%, BAH -4.5%, TEAR -4.1%, TS -4%, MDWD -3.8%, THOR -3.8%, PODD -3.8%, CYNI -3.7%, FOXF -3.1%, ABGB -2.9%, AES -2.9%, NSM-2.7%, WDC -2.2%, PRGO -2.2%, PRU -2.1%, HDNG -2%, IO -1.9%, ACLS -1.7%, EVHC -1.6%, CLR -1.5%, WIN -1.5%, PKT -1.1%, EFC -1%, KATE -1%, TEG -0.9%, SCTY -0.8%

WSJ : Oil Price at $70 a Barrel Would Likely Trigger Cut in OPEC Output Ceiling

Oil Price at $70 a Barrel Would Likely Trigger Cut in OPEC Output Ceiling
OPEC Officials Don’t Expect Oil Price Below $75 a Barrel This Year

VIENNA--OPEC would likely lower the ceiling on its collective production if oil prices fall to $70 a barrel, a level most of the group’s members don’t expect to see this year, according to several of the group’s officials.

“At $70 a barrel, there will be panic in OPEC. We have become used to living with $100 a barrel,” said one OPEC official, speaking on the sidelines of a meeting of governors and other officials from the 12 members of the Organization of the Petroleum Exporting Countries.

OPEC governors are senior officials from member countries involved in formulating the group’s policy. They are meeting ahead of a full OPEC ministerial meeting on Nov. 27. OPEC ministers have so far failed to agree on a unified response to the roughly 25% slide in oil prices since the summer.

If oil prices were to fall to $70 a barrel it would put severe pressure on the budgets of some OPEC member countries. Venezuela, for example, would need crude to average around $117.5 a barrel next year to balance its budget, according to Deutsche Bank .

Were prices to fall to “$70 a barrel, there will be action from OPEC,” according to another OPEC official. Brent crude was trading at around $83 a barrel on Thursday morning.

>>> PBoC: Reiterates Q3 economy within 'reasonable' range, reiterates 'prudent'

PBoC: Reiterates Q3 economy within 'reasonable' range, reiterates 'prudent' monetary policy 
- Q3 Monetary Policy Implementation Report 
- Downward pressure on economy may rise (Note: Q2 report said would maintain stable growth in the coming months)
- Geopolitical risks and Ebola may impact trade and financing.- Reiterates to fine-tune policy at proper time based on the economy. 
- To lower financing costs for real economy.
- Provided CNY500B of liquidity to banks through the MLF in Sept.
- Provided CNY270B of liquidity to banks through the MLF in Oct.
- The MLF has a maturity of 3-months and interest rate of 3.5%
- SLF outstanding as of the end of Q3 was zero.
- Reiterates to keep the yuan basically stable.
- To support rail and shipping industries.
- To continue crack down on housing speculation
- Japan inflation situation not clear- Euro zone faces relatively big deflation pressure
- Reiterates US policy adjustment may impact capital flows.

(BFW) AstraZeneca CEO Says AbbVie-Shire Collapse Sends Strong Message

AstraZeneca CEO Says AbbVie-Shire Collapse Sends Strong Message
2014-11-06 10:03:22.862 GMT


By Allison Connolly and Phil Serafino
Nov. 6 (Bloomberg) -- New U.S. rules raise bar for tax
inversions, AstraZeneca CEO Pascal Soriot said on conference
call with media.
* Says can’t comment on impact of new rules on Pfizer;
declined to speculate on whether Pfizer will return
* Co. will do what’s right for shareholders; will consider any
offer on price, other issues: CEO
* Says can’t answer question about Sanofi job interest; says
family is in Australia, so he will retire there
* NOTE: Earlier, Astra 3Q Rev. Beats Ests.; Raises 2014
Forecasts {NSN NELVRI6JTSEK <go>}
* MORE: Astra Gives 2015 Core EPS Target as 3Q Nexium
Sales Beat {NSN NELW5X6JTSE9<Go>}
* MORE: Astra Gives 2015 Core EPS Target as 3Q Nexium
Sales Beat {NSN NELW5X6JTSE9<Go>}</li></ul>


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