US STOCKS: Eqrly Equities Roundup: Paring Losses Ahead Midday
Feb-05 16:38
- Stocks continue to pare losses sustained after this morning's lower than expected ISM services data, SPX Eminis and Nasdaq indexes lagging modest gains in the DJIA. Currently, the DJIA trades up 50.4 points (0.11%) at 44604.71, S&P E-Minis down 3.5 points (-0.06%) at 6059.25, Nasdaq down 53.5 points (-0.3%) at 19599.74.
- A mix of stocks in the Information Technology and Heal Care sectors led gainers ahead midday: Johnson Controls International gaining over 11% after beating earnings estimates (and replacing it's CEO), Super Micro Computer +9.60%, Electronic Arts +5.46%.
- Better than expected earnings also helped pharmaceuticals with Bio-Techne gaining 5.09%, Amgen +4.81%.
- Communication Services and Consumer Discretionary sectors underperformed in the first half, interactive media and entertainment shares weighing on the former with Alphabet -8.08%, Match Group -7.57%, Interpublic Group -4.62%.
- Leading laggers in the Consumer Discretionary sector included Chipotle Mexican Grill -3.22%, Tesla -2.65% Nike and Amazon both -2.5%.
- Earning expected after the bell include: MetLife, Cognizant Technology Solutions, MicroStrategy, QUALCOMM Inc, Skyworks Solutions, McKesson Corp, Molina Healthcare, Viking Therapeutics, Ford Motor Co, Allstate Corp and O'Reilly Automotive Inc.
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FED: US TSY 26W BILL AUCTION: HIGH 4.110%(ALLOT 86.16%)
Jan-06 16:32
- US TSY 26W BILL AUCTION: HIGH 4.110%(ALLOT 86.16%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 21.55% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 7.98% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 70.47% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.20
FED: US TSY 13W BILL AUCTION: HIGH 4.205%(ALLOT 83.88%)
Jan-06 16:32
- US TSY 13W BILL AUCTION: HIGH 4.205%(ALLOT 83.88%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 40.40% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 5.55% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 54.06% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 3.01
AUSTRALIA: NAB and ANZ Views on November CPI Data Due Wednesday
Jan-06 16:29
- **NAB pencil in 2.4% y/y from 2.1% for the CPI Indicator (consensus 2.2%), driven by electricity. Beyond the noisiness of subsidy timing in electricity, key things to watch are the handful of market services prices measured in November, and whether New Dwellings sustains its recent step-down in inflation. Volatile international travel is also shaping up to be influential for the trimmed mean in Q4.
- **ANZ expect annual inflation in the monthly CPI indicator to lift to 2.3% y/y in November from 2.1% y/y in October. The ‘all groups excluding volatile items (fuel and fruit & veg) and holiday travel’ figure is forecast to edge up to 2.5% y/y from 2.4% y/y. During the month, ANZ expect the headline indicator to rise 0.5%m/m, a little above last November’s 0.3% m/m rise.
- The November data will have more information on services and non-tradables than the October reading and give us a better gauge of the critical Q4 CPI print scheduled for 29 January ahead of the next RBA Board meeting on 17-18 February.
