EM LATAM CREDIT: Codelco: Environmental Permit Received - Positive
Jan-14 19:56
(CDEL; Baa2/BBB+/BBB+) "CHILE'S CODELCO SAYS IT RECEIVED ENVIRONMENTAL PERMIT FOR A $2.8 BILLION EX...
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US STOCKS: Late Equities Roundup: Holding Lower Range Ahead Tuesday Data Drop
Dec-15 19:53
- Stocks hold moderately weaker levels late Monday, relatively narrow ranges after reversing early session gains, risk sentiment limited ahead of tomorrow's heavy economic data schedule that includes Non-Farm Payrolls for November.
- Currently, the DJIA trades down 87.82 points (-0.18%) at 48370.53, S&P E-Mini Futures down 13 points (-0.19%) at 6877.5, Nasdaq down 120.3 points (-0.5%) at 23074.74.
- Little change from the first half as a mix of Information Technology, Financial and Materials sector shares led declines in the second half: ServiceNow Inc -11.57% as they near $7B Armis acquisition, CoStar Group -7.21%, Coinbase Global -5.41%, Broadcom -5.25%, Workday -3.91%, Mosaic Co -3.82%, Devon Energy -3.62%, Builders FirstSource -3.62% and Uber Technologies -3.20%.
- On the positive side, Consumer Discretionary, Health Care and Utilities sector shares continued to lead advances:
- Tesla +3.89%, Royal Caribbean Cruises +3.77%, Carnival Corp +3.40%, Expedia Group +3.26%, Marriott International Inc +3.09%, Norwegian Cruise Line +3.09% and Booking Holdings +3.00%.
- Bristol-Myers Squibb +3.75%, Eli Lilly +2.99%, Baxter International +2.95%, Intuitive Surgical +2.51%, Pfizer +2.46% and Moderna +2.14%.
- Constellation Energy +1.75%, Public Service Enterprise Group +1.67%, American Electric Power +1.32%, Southern Co +1.22%, Entergy Corp +1.19% and Ameren Corp +1.15%.
USDJPY TECHS: Monitoring Support At The 50-Day EMA
Dec-15 19:30
- RES 4: 158.87 High Jan 10 and a key resistance
- RES 3: 158.29 2.618 projection of the Sep 17 - 26 - Oct 1 price swing
- RES 2: 158.00 Round number resistance
- RES 1: 156.95/157.89 High Dec 9 / High Nov 20 and bull trigger
- PRICE: 155.28 @ 16:34 GMT Dec 15
- SUP 1: 154.35 Low Dec 5
- SUP 2: 153.95 50-day EMA and a key support area
- SUP 3: 152.82 Low Nov 7
- SUP 4: 151.54 Low Oct 29
The trend condition in USDJPY is bullish and the move down between Nov 20 - Dec 5 appears to have been a correction. Furthermore, the recovery from the Dec 5 low highlights the end of the corrective phase. However, the latest retracement exposes support at 153.95, the 50-day EMA. A clear breach of this average would undermine the bull theme and signal scope for a deeper retracement. For bulls, a resumption of gains would open 158.00.
LOOK AHEAD: Tuesday Data Calendar: Wkly ADP, Nov NFP, S&P Flash PMIs, 6W Bills
Dec-15 19:29
- US Data/Speaker Calendar (prior, estimate). All times ET
- 12/16 0815 ADP weekly NER Pulse (4.75k prior)
- 12/16 0830 Change in Nonfarm Payrolls / November (50k est)
- 12/16 0830 Average Hourly Earnings MoM (0.3% est), YoY (3.6% est)
- 12/16 0830 Retail Sales Advance MoM (0.2%, 0.1%)
- 12/16 0830 New York Fed Services (-21.7, --)
- 12/16 0855 Redbook Retail Sales (5.7% prior)
- 12/16 0945 S&P Global US Mfg PMI (52.2, 52.0)
- 12/16 0945 S&P Global US Services PMI (54.1, 54.0)
- 12/16 0945 S&P Global US Composite PMI (54.2, --)
- 1000 Business Inventories (0.0%, 0.1%)
- 1130 US Tsy $75B 6W Bill auction
- Source: Bloomberg Finance L.P. / MNI
