Forex Vs Lbc

Asian Winter GIOCHI Giappone vince 4 ori, Cina 2 nel pattinaggio 22 febbraio 2017 SAPPORO - Giappone ha sostenuto quattro medaglie d'oro nel pattinaggio di velocità e la Cina ha vinto Anime: 3 offerte europee, 1 dalla Turchia per premi al TAAF 25 Febbraio 2017 europea arrivi aprile e il mondo straordinario, la ragazza senza Navigazione Tokyos metropolitana labirinto diventa più facile per i turisti 21 febbraio 2017 il governo metropolitano di Tokyo il 21 febbraio installato il suo primo più lingue, studi clinici in carte per testare iPS cura per i pazienti con Parkinson febbraio 24, 2017 Kyoto - Kyoto Universitys center for iPS Cell Research e ApplicationFTSE 100 spacca 6.800 in quanto gli investitori allietare post-Brexit pacchetto di stimolo e paraurti siamo Lavorare dati 5 Agosto 2016 18:13 FTSE 100 spese a fresco di un anno alta L ondons FTSE 100 a carico di un fresco 2.016 elevato e il livello più alto in oltre un anno in quanto gli investitori hanno continuato a tifare la Banca d'Inghilterra del pacchetto post-Brexit stimolo più grande del previsto. L'indice blue chip è salito al suo livello più alto dal 21 luglio dello scorso anno dopo che è crollato a un basso di tre settimane prima che le ha tagliato i tassi delle banche centrali. Questo pomeriggio il FTSE 100 ha colpito 6,802.41 grazie all'iniezione stimolo e un rapporto più forte del previsto di posti di lavoro degli Stati Uniti. E 'ultima ha colpito questo livello il 20 luglio 2015 quando ha toccato 6,813.41. Nel frattempo, il nazionale-focalizzato FTSE 250 salito al suo livello più alto dal 31 dicembre Quanto basso può Y esterday libbra Go, la sterlina slittato ad un otto giorni bassa contro il dollaro, scendendo di ben il 1.6pc a 1,3112, la sua più ripido scivolo intraday dal luglio 5. Oggi, la sterlina è scivolato un ulteriore 0.3pc nel commercio pomeriggio dopo che un rapporto più forte del previsto di posti di lavoro degli Stati Uniti. Dal precipitare quasi 13pc a un minimo di 31 anni di 1.289 a seguito del voto Brexit, ha guadagnato 2pc. Ma c'è poco ottimismo, se del caso, sulla direzione della sterlina avrà mentre ci dirigiamo verso la fine dell'anno. StanChart e HSBC sono il più bearish con le previsioni di, rispettivamente, 1,18 e 1,20,, entro la fine dell'anno. Nel frattempo, BNP Paribas e JP Morgan hanno i più alti previsioni rispettivamente a 1,33 e 1,31. L a cadere dei rendimenti dei titoli del Regno Unito sta per essere il driver principale per la libbra debolezza. Mentre i mercati ritengono che la Banca d'Inghilterra può fare di più in futuro, che sta mantenendo la spinta al ribasso per la valuta. Bank of England stimolo mazza Ieri, la Banca d'Inghilterra ha presentato un pacchetto di stimolo quattro direttrici progettato per rilanciare l'economia ed evitare una recessione in seguito al voto di lasciare l'Unione europea. In quello che gli economisti descrivono come risposta forte a un rallentamento del Regno Unito, i politici hanno votato all'unanimità di tagliare i tassi di 0.25pc, da un precedente minimo storico di 0.5pc. La banca centrale ha anche annunciato 70 miliardi di acquisti di asset, che comprende 60 miliardi di titoli di Stato e 10 miliardi di obbligazioni societarie, e un piano di finanziamento a basso tasso per le banche. rapporti lavori Paraurti ci eleva probabilità di rialzo dei tassi Fed di occupazione degli Stati Uniti aumentato più del previsto nel mese di luglio e salari raccolti, che dovrebbe sostenere le aspettative di un'accelerazione della crescita economica e aumentare la probabilità di un rialzo dei tassi di interesse da parte della Federal Reserve di quest'anno. libri paga non agricoli sono aumentati di 255.000 posti di lavoro il mese scorso come assunzione rosa ampiamente dopo un aumento 292.000 rivisto al rialzo nel mese di giugno, il Dipartimento del Lavoro ha detto il Venerdì. Market Report: Cairn Energy salta sul rating di UBS aggiornamento Una nota mediatore rialzista catapultato Cairn Energy verso la parte superiore dell'indice mid-cap. UBS ha aumentato il rating a comprare da neutrale ritiene molte diverse fonti potenziali di valore dell'opzione stanno emergendo dopo la sua recente sottoperformance. I progetti FTSE 250 companys Mare del Nord non saranno rampa-up fino alla seconda metà del prossimo anno e prezzi spot così debole avrà un impatto sentimento, ma non il valore, la banca d'investimento ha detto. Come tale, Daniel Ekstein, di UBS, ha evidenziato: Gli investitori vengono pagati per aspettare la ripresa del prezzo del petrolio. M eanwhile, perforazione in Senegal, dove i pozzi sono a buon mercato, riprenderà la perforazione di quest'anno. La banca ritiene anche la forma di Cairn è più attraente grazie alle sue scoperte in Senegal, che hanno aperto un nuovo ed entusiasmante bacino. Tuttavia, UBS sottolinea il caso di investimento per Cairn è offuscato dal 1,6 miliardi pretesa tributaria retrospettiva in India, che è attualmente in arbitrato. Eskein aggiunto: Visibilità su una risoluzione è bassa. Tuttavia, lo stock mid-cap ha vissuto il suo giorno più bello dal 29 giugno saltare 11.3p, o 6.2pc, a 193P. Sul mercato più ampio, il pacchetto di stimolo post-Brexit iniettata nell'economia da parte della Banca d'Inghilterra e un rapporto più forte del previsto di posti di lavoro degli Stati Uniti sollevato il FTSE 100 a più alto vicino dal 16 luglio dello scorso anno. L'indice blue chip ha saltato 53.3 punti, o 0.79pc, a 6,793.47. Nel frattempo, l'indice FTSE nazionale focalizzato 250 sfondò 17.400 al suo livello più alto dal 31 dicembre fino 1.3pc il giorno. H owever, la reazione euforica per i dati di lavori degli Stati Uniti non era molto diffusa. L'oro è caduto a un basso di una settimana, cadendo per quanto 1.9pc a 1,336.95 l'oncia, in quanto il rapporto di lavoro paraurti, che ha mostrato libri paga non agricoli sono aumentati di 255 mila mese scorso, ha sollevato la probabilità di un rialzo dei tassi della Fed quest'anno. Nella sua scia, azioni di Randgold Resources e Fresnillo sceso 3pc e 3.6pc, rispettivamente. E lsewhere, Royal Bank of Scotland è diventato il più grande ritardatario, fino a 13.8p 178.2p, dopo aver registrato una perdita 2.05bn nella prima metà dell'anno. a fronte di un 179m un anno prima. Ingegnere Rolls Royce si è liberato da un declassamento del rating di UBS. Azioni davano di gomito fino a 1.5p 759p, nonostante la banca d'investimento abbassando il rating a neutral citando la sua recente sovraperformance rispetto ai suoi coetanei aerospaziale seguenti voto Brexit. M eanwhile, negativo read-across causato pesato sulla Pearson. Il FTSE 100 magazzino ha preso un colpo, fino a 11p 882.5p, dopo che uno dei suoi rivali degli Stati Uniti abbassato il relativo consiglio di profitto per l'intero esercizio. Su l'indice mid-cap, Bellway radunato 108p, o 5.3pc, a 21,37 sul retro di un aggiornamento commerciale rassicurante. Il housebuilder si prevede un fatturato di aumentare di circa il 27pc di 2,2 miliardi per l'anno conclusosi il 31 luglio suoi coetanei Barratt Developments aggiunto 11.3p a 436.7p e Persimmon risaliti 51p a 17.23. C laici mattoni e calcestruzzi prodotti produttore Ibstock è diventato il più grande 250 montante FTSE dopo che ha detto di trading ha continuato a livello normale di stagione, nonostante Brexit incertezza. Azioni balzarono 10.9p a 153P. Su AIM, TP saltato 21pc a 4.6p dopo ha confermato il ministero della Difesa intende avviare negoziati con esso circa un aggiornamento di sistemi di generazione di ossigeno per i sottomarini britannici, in un accordo che varrebbe la pena di 22,6 milioni. Infine, le imprese di software CloudCall sollevato 3,8 milioni attraverso un collocamento di circa 3,7 milioni di azioni per finanziare l'espansione del suo team di vendita degli Stati Uniti, l'invio del 9.9pc quote superiori. In tal senso, il suo tempo per concludere per questa settimana. Grazie per averci seguito oggi. Ill essere di nuovo il Lunedi con una maggiore copertura dei mercati. pattini d'oro per una settimana a partire da forti dati sul lavoro ci eleva le probabilità di rialzo dei tassi USA L a reazione euforica per i paraurti degli Stati Uniti i dati di posti di lavoro non è stato diffuso. I prezzi dell'oro caduto a un basso di una settimana, cadendo per quanto 1.9pc, a 1,336.95 l'oncia dopo che il rapporto di lavoro migliore del previsto aumento le probabilità di un rialzo dei tassi della Fed alla fine di quest'anno. L'oro è particolarmente sensibile ai rialzi dei tassi degli Stati Uniti, come il costo opportunità di detenere i non-rendimento aumenta di attività, mentre migliora il dollaro, in cui si ha un prezzo. Prima di oggi, i dati del Dipartimento del Lavoro hanno mostrato che i libri paga non agricoli è aumentato del 255 mila mese scorso - rispetto alle previsioni di consenso di un aumento di 180.000. E 'inoltre rivisto Junes calcoliamo verso l'alto per 292.000. Ecco uno sguardo alla performance dell'oro nell'ultimo mese: pattini d'oro per una settimana basso sulla US dati di lavori di Credito: Bloomberg borse europee godono di guadagni stellari dopo di noi i dati di lavori E uropea mercati azionari concluso la settimana su solide basi, dopo un 'forte, del previsto degli Stati Uniti rapporto di lavoro ha innescato un rally pomeriggio. Chris Beauhcamp, di IG, ha dichiarato: quotThe raduno estivo in azioni va avanti, aiutato da un po 'di entusiasmo circa la forza dell'economia degli Stati Uniti. Per il secondo mese consecutivo il rapporto di lavoro degli Stati Uniti ha battuto le aspettative, e con retribuzione media oraria guardando più forte in quanto gli investitori e sono stati trattati alla vista di entrambi i titoli azionari degli Stati Uniti e il biglietto verde rally. Chiaramente un aumento Fed è ora alla ricerca molto più probabile, anche se questo discorso servirà solo a mettere in evidenza il divario tra esso e la maggior parte delle altre banche centrali, che continuano ad allentare la politica. quotIn il Regno Unito la Banca d'Inghilterra del impegno di alleggerimento ha blandito gli investitori di nuovo al FTSE 250, con l'indice ora, ancora una volta sopra la sua alta pre-Brexit. C'è ancora molto terreno da effettuare prima supera il livello più alto, ma nel complesso la visione ottimistica dei beni del Regno Unito continua. Housebuilders hanno goduto di un altro buon giorno dopo l'aggiornamento Bellways di trading, con i settori generalmente robusti posizione finanziaria e le banche del territorio sani che significa che è ben posizionato per una eventuale ulteriori interruzioni a seguito della Brexit vote. quot Uno o due forti rapporti di posti di lavoro sono 39not enough39 a tirare inoltrare il tasso di dicembre escursione S amuel Coffin, economista americano con UBS, calcola le ultime offerte: faccelo quotmight diminuire le preoccupazioni circa la crescita debole persistere nella seconda metà del yearquot. Tuttavia, egli avverte: quotIt non altera il loro approccio estremamente graduale per normalisation. quot politica quotThe pick-up in libri paga probabilmente rende la nostra previsione per un rialzo dei tassi alla fine di quest'anno più probabile l'aggiunta di una certa sicurezza che la crescita possa riaccelerare, che l'inflazione dei salari è raccogliendo, e che il mercato del lavoro continua a migliorare. Ma uno (o due) forti rapporti sul mercato del lavoro non sono sufficienti per tirare avanti l'escursione dicembre, che ci aspettiamo. comunicazioni quotRecent FOMC si sono concentrati sulla lunga lista di Fed preoccupazioni circa venti contrari alla crescita, e le recenti revisioni al ribasso del PIL reale nel corso dell'anno passato sottolineare solo gli effetti di quelle strains. quot Deliveroo solleva 275m in mezzo a 275m Uber sfida D eliveroo ha sollevato ( 210m) in un nuovo round di finanziamento, che si ritiene a primavera l'applicazione consegna del cibo in un gruppo selezionato di start-up britannica del valore di 1 miliardo o più. La nuova raccolta fondi si presenta come l'azienda affronta una sfida crescente dal servizio rivale Ubers. che ha lanciato nel Regno Unito nel mese di giugno. Deliveroo, fondata nel 2013 da William Shu, un ex banchiere di investimento, ora ha sollevato quasi 500 metri e l'ultimo turno si crede di mettere la sua valutazione a circa 1 miliardo lo stato unicorno leggendario che è diventato il marchio di start-up tecnologiche di successo. M r Shu ha detto che dopo l'ultima tornata di finanziamento dei ricavi novembre hadgrown di oltre 400pc e che molti dei suoi mercati più consolidati era diventata redditizia. Ha detto UberEats, il servizio rivale che la società cavalcata-provenienti americano ha lanciato a Londra, all'inizio dell'estate, non ha avuto un effetto notevole. Robusto rapporto di lavori degli Stati Uniti fa un rialzo dei tassi H2 più probabile A nche se l'ultima paraurti US posti di lavoro dei dati rende più probabile che la Fed alzare i tassi di interesse entro la fine dell'anno, Danske Bank ha deciso di aderire alla sua richiesta che la banca centrale degli Stati Uniti rimarrà sulla stretta per il resto dell'anno. Mikael Olai Milhoj, di Danske, ha dichiarato: quotOur scetticismo è dovuto a una combinazione di tassi di crescita del PIL debole negli ultimi tre quarti e più lenta crescita dell'occupazione quest'anno rispetto al 2014 e 2015 e perché è ancora troppo presto per stabilire se il rallentamento Brexit nel Regno Unito si diffonderà al resto d'Europa e quindi, potenzialmente, anche gli Stati Uniti. Inoltre, il fantasma la Cina si nasconde ancora. QUOTE abbiamo sostenuto per qualche tempo, la maggior parte dei votanti del FOMC hanno una posizione dovish-neutro sulla politica monetaria e preferiscono rimandare la seconda escursione di trekking prematuramente. La Fed può permettersi di rimanere paziente, come l'inflazione core PCE è ancora al di sotto 2pc, le aspettative di inflazione (sia un'indagine basata e mercato based) sono caduti e l'inflazione salariale è ancora subdued. quot (DanskeResearch) il 5 agosto 2016 Ultimi posti di lavoro degli Stati Uniti Danske Bank Research mdash rapporto renderà 39even più difficult39 per il presidente della Fed di disaccordo con rialzo dei tassi K en Odeluga, di City Index, calcola oggi paraurti US processi report renderà quoteven più difficile per il presidente della Fed di non sono d'accordo che gli Stati si intaglio su un altro dei le tappe che ha dichiarato sono necessari per ulteriori tassi tighteningcreation di circa 100.000 posti di lavoro a month. quot quotFederal fondi futuri erano tutti, ma a prezzi fuori un altro rialzo dei tassi di quest'anno prima di Venerdì, ma è probabile che sono in aumento gli ultimi dati incoraggeranno Yellen per segnalare un tasso salire già a settembre. quotWith nessuna riunione della Fed di questo mese, la Fed sedie discorso in questo anno la politica economica Jackson Hole Symposium, tra 25-27 agosto, verrà esaminato closely. quot Fed futuro implicita probabilità prima dopo i libri paga. 2.016 rialzo dei tassi ancora non previsto. pic. twitterekHRqYYis6 mdash Jeroen Blokland (jsblokland) 5 Agosto 2016 FTSE 250 colpisce livello più alto dal dicembre T ha FTSE 100 fracassato attraverso 17.400 oggi al suo livello più alto dal 31 dicembre Lo stimolo Banca d'Inghilterra post-Brexit e una forte dati di lavori degli Stati Uniti rivelato l'iniezione mercati oggi necessarie. L'indice nazionale incentrato è salito di ben il 1.4pc a 17,481.50. Spetta ora 0.85pc rispetto ai livelli pre-Brexit. FTSE 250 colpisce livello più alto dal dicembre Credito: Bloomberg M ichael Hewson, di CMC Markets. ha detto: quotYesterdays carry positivo attraverso continuato per i mercati europei oggi, aiutato da un rapporto positivo sull'occupazione degli Stati Uniti che hanno mostrato 255K nuovi posti di lavoro aggiunti nel mese di luglio, in cima al 292k aggiunto nel mese di giugno. i guadagni di oggi sono state più o meno ampia base con il FTSE250 sfondare 17.400 e le sue cime Brexit pre e inviare i suoi migliori livelli di quest'anno, mentre il FTSE100 ha colpito 6.800 per la prima volta dal luglio dello scorso year. quot O n ° rapporto di posti di lavoro degli Stati Uniti, Jameel Ahmad, di ForexTime, ha dichiarato: quotIt si presenta come l'infinito montagne russe che è un'inversione di noi aspettative di tasso di interesse è destinato a continuare dopo che l'economia degli stati Uniti ha ricevuto una magnifica spinta dopo la notizia che 255.000 posti di lavoro sono stati aggiunti per l'economia degli stati Uniti nel corso del mese di luglio. quotThis è un numero del titolo molto più forte di quanto ci si aspettava a circa 200.000 e dovrebbe portare ad un altro re-pricing di noi aspettative sui tassi di interesse ancora una volta, che dovrebbe anche fornire slancio positivo per il dollaro, mentre continuiamo ad agosto in questa fase. La Federal Reserve hanno chiaramente delineato un bias pubblico e l'impegno verso l'innalzamento dei tassi di interesse degli Stati Uniti nel 2016, nonostante un ambiente esterno incerto, tuttavia un'altra lettura titolo forte NFP farà investitori almeno riconsiderare il fatto che forse un aumento dei tassi di interesse degli Stati Uniti nel 2016 è possibile dopo all. quot D avid Cheetham, di XTB reagisce ai dati di lavori degli Stati Uniti più forte del previsto: il non-farm payrolls rapporto degli Stati Uniti per luglio ha mostrato 225K posti di lavoro aggiunto e fornisce un'ulteriore prova della forza del mercato del lavoro statunitense. La stampa di 38k due mesi fa sembra ormai un lontano ricordo, con oggi il rilascio di supporto ultimi mesi rapporto stellare e insieme sicuramente rampa la pressione sulla Fed per aumentare i tassi di interesse prima della fine dell'anno. Non solo la stampa titolo ha superato le previsioni, ma il reddito medio è anche aumentato fortemente a 0.3pc mese su mese, indicando una maggiore pressione inflazionistica nell'economia. Un piccolo blip può essere visto nel piccolo aumento del tasso di disoccupazione a 4.9pc, ma questo è molto terziario in termini di importanza rispetto ai numeri del titolo e guadagni medi. Un'altra sorpresa a testa e la curva di orso UST appiattisce. Leggi in che cosa si vuole. mdash Jonathan Ferro (FerroTV) 5 agosto 2016 quotThe reazione immediata dei mercati ha visto la coppia GBPUSD cadere bruscamente al di sotto di ieri basso, oro e rendimenti sul debito governo degli Stati Uniti sia declino, mentre futures azionari statunitensi sono radunati. Nel loro insieme con ieri misura forte stimolo da parte della BoE del contesto macroeconomico è oggi molto più roseo di quanto non fosse immediatamente post-Brexit e massimi annuali freschi per la SampP500 e FTSE potrebbe essere proprio dietro l'angolo. I conica banca di investimenti Goldman Sachs potrebbe tagliare di nuovo la sua forza lavoro nel Regno Unito. dopo aver aumentato la prospettiva di ristrutturazione la sua presenza a Londra dopo il referendum UE. banche degli Stati Uniti hanno avvertito prima del referendum che un voto a lasciare potrebbe tradursi in una parte del personale trasferirsi al di fuori del Regno Unito e in altre parti dell'UE. Goldman Sachs deposito di regolamentazione non ha fornito dettagli dei potenziali risultati, ma ha detto che sta valutando le sue opzioni. Goldman, guidata da Lloyd Blankfein, sta valutando il suo futuro nel Regno Unito L'uscita del Regno Unito dall'Unione europea sarà probabilmente cambiare le modalità con le quali le imprese del Regno Unito sono in grado di fornire servizi nella UE, che possono influenzare negativamente il modo in cui operiamo certi delle nostre imprese nell'UE e potrebbero richiedere noi a ristrutturare alcune delle nostre operazioni, Goldman ha detto. La tempistica e l'esito dei negoziati tra il Regno Unito e l'UE in relazione Brexit sono entrambi altamente incerte. Tale incertezza ha provocato, e può continuare a provocare, la volatilità del mercato e avere un impatto negativo la fiducia degli investitori e dei clienti. L a banca ha 6.000 dipendenti nel Regno Unito. BoE39s Broadbent dice sarebbe eseguire ulteriore taglio dei tassi I n un'intervista a Reuters oggi, il vice governatore della Banca d'Inghilterra ha detto che sarebbe a favore di tagliare ancora i tassi quest'anno. Heres l'ultima da Reuters: quotWe dovrebbe votare a tagliare i tassi di interesse erano l'economia a svilupparsi in linea con le previsioni, e sì, io ero uno di quelli, quot Broadbent ha detto in un'intervista presso la Banca d'Inghilterra, che è stato anche partecipato da altri due organi di informazione. Il vice governatore, che fa parte del comitato di politica monetaria Boes tasso-impostazione, ha detto la banca aveva ancora un sacco di opzioni per stimolare l'economia, dopo il taglio dei tassi per la prima volta dal 2009 e la ripresa quantitative easing. Da sinistra a destra, Ben Broadbent, vice governatore per la politica monetaria della Banca d'Inghilterra (BOE), Mark Carney, governatore della Bank of England (BOE), Jenny Scott, direttore esecutivo delle comunicazioni presso la Bank of England (BOE), e Nemat 34Minouche34 Shafik, vice governatore per i mercati e le banche a s oltre che un taglio dei tassi di poco sopra lo zero, Broadbent ha detto che la BoE potrebbe aumentare il target per le aziende dei titoli di Stato prima di essere completato il 60 miliardi di acquisti ha annunciato il Giovedi, che sono in programma a prendere sei mesi. La BoE ha anche iniziato ad acquistare obbligazioni societarie in grosse quantita per la prima volta, e Broadbent non escludere gli acquisti di fondi azioni della società in futuro, anche se non è qualcosa che il MPC ha preso in considerazione finora. Boes Broadbent: Entro i membri MPC vedendo un altro taglio dei tassi mdash DailyFXTeamMember (DailyFXTeam) 5 agosto 2016 quotI credo che si tratta di un rischio materiale, ma non è qualcosa di qualitativamente noi havent fatto prima. Si potrebbe pensare attraverso di essa molto sul serio, ma che è una questione che riguarda il MPC e io non sono in grado di dare un manzo su di esso un modo o nell'altro, quot ha detto. L 'Boes nuovo Term Funding Scheme (TFS) - a differenza 2012s Il finanziamento per Lending Scheme - non è stata intesa a sviluppare i prestiti, ma invece a garantire i creditori trasmessi l'ultimo taglio dei tassi di interesse, Broadbent ha detto. BoE39s Broadbent sottolinea che Brexit è il cambiamento strutturale per l'economia del Regno Unito che gli strumenti tradizionali - monetarie o fiscali - can39t compensati completamente mdash Andy Bruce (BruceReuters) 5 agosto 2016 quotIts non proprio l'offerta di credito che è il vincolo per l'economia, quot ha detto . quotIn verità abbiamo fatto aspettare la crescita dei prestiti tanto e non ci aspettavamo un po 'anche se abbiamo offerto maggiori concessioni per it. quot siamo Lavorare dati: È troppo presto 39to fare o rompere l'Fed39 C on l'attenzione rapidamente rivolgendosi ai lavori degli Stati Uniti relazione prevista per il rilascio nel meno di due ore, gli analisti della City hanno visto un'anteprima dell'evento: Connor Campbell, Spreadex. quota mancanza di riunione della Fed in agosto fa un po 'limita l'importanza di figure di oggi, anche se il relativo non dovishness dell'ultima dichiarazione di FOMC significa che potrebbe innescare ancora qualche movimento dopo la campana suona a Wall Street. Gli analisti si aspettano che il numero di variazione dell'occupazione non agricola del titolo di cadere da più di 100K il mese su mese a 180k, anche se questo vetrino può essere contrastata da un miglioramento della crescita salariale (di nuovo fino a 0.2pc) e una riduzione del tasso di disoccupazione tasso (fino a 4.8pc).quot fx 200k 190k GS Westpac 185K MS 180k 175k BNP JPM 175k 170k Citi BofA 165k DB 150k I PEK Ozkardeskaya, London Capital Group. mercato quotThe si aspetta un ulteriore miglioramento del tasso di disoccupazione degli Stati Uniti, con una posizione ideale, una migliore crescita dei salari. Il consenso per i libri paga non agricoli è 180000 Un forte job di lettura negli Stati Uniti potrebbe portare i falchi Fed di nuovo al mercato. quotWe si aspettano una volatilità dei prezzi su due lati dei mercati azionari statunitensi prima della campana di chiusura settimanale. Un forte lavori degli Stati Uniti leggono dovrebbe migliorare la propensione al rischio e spingere le scorte degli Stati Uniti più alto. Tuttavia, una buona stampa sarebbe anche risollevare le aspettative di rialzo dei tassi Fed e innescare un rally nel USD, quindi potrebbe compromettere l'appetito nel SampP e le azioni del Dow. Le offerte abbondano a 2200 e 18600 respectively. quot J oshua Mahony, IG: quot posti di lavoro di oggi degli Stati Uniti relazione può essere troppo presto per essere fare o rompere per la Fed, ma l'anticipazione è alto come mai, come si arriva in fuori la parte posteriore di due estremi letture per i libri paga degli Stati Uniti. La decisione di rimuovere riferimento ai rischi internazionali dalla dichiarazione Feds significa che la pressione è puramente sull'economia degli Stati Uniti come il conducente della politica monetaria. I percorsi di politica monetaria divergenti del Regno Unito e Stati Uniti avrebbero un aspetto ancora più netto dovremmo vedere una figura 200 di oggi, portando il potenziale per un aumento di 2.016 tasso di federazione e di tasso di BoE tagliare sempre più probabile. Vacanze negli Stati Uniti potrebbero essere sul punto di ottenere ancora di più expensive. quot H eres nostro rapporto completo sulla crescita dei prezzi delle case nel mese di luglio da Isabelle Fraser: Casa di crescita dei prezzi avanza luglio come il tradizionale rallentamento estivo ha colpito il mercato, con gli esperti avvertono che si tratta di troppo presto per dire quale impatto il referendum UE potrebbe avere sui prezzi degli immobili. Mentre i prezzi sono cresciuti 8.4pc nel mese di luglio rispetto a un anno fa, valori mensili immersi 1pc tra giugno e luglio, con prezzi medi scivolando da 216.726 a 214.678, secondo i dati della Halifax. S amuel tombe, economista presso Pantheon Macroeconomia, guardia contro attribuendo il calo mensile al referendum UE. dicendo che era quottoo presto per vedere l'impatto dei Brexit sui prezzi delle case in questo dataquot. Egli ha detto: quotThe forte calo nella misura Halifax dei prezzi delle case nel mese di luglio probabilmente riflette la consueta volatilità dei dati, non l'impatto del referendum. I prezzi era saltato da 2.1pc nei precedenti due mesi, quindi una correzione sarebbe stato visto anche se il mercato era in forma smagliante. quotLike misura Nationwides, indice Halifaxs si basa sulle sue offerte di mutuo, che principalmente si riferiranno alle domande presentate nel mese di giugno. Prossimo. come econda facilitando pacchetto nel mese di novembre, dice Morgan Stanley U S banca di investimenti Morgan Stanley ora pensare che il MPC consegnerà un secondo pacchetto sulle linee simili in occasione della riunione 3 novembre MPC. Heres sono le tre ragioni addotte da Morgan Stanley strateghi: Segnalazione: Il verbale ha detto che la maggioranza dei membri prevede di sostenere un ulteriore taglio del tasso di sconto al suo effettivo limite inferiore in una delle prossime riunioni PPM durante il corso dell'anno. Questo è stato caratterizzato come vicino a, ma poco sopra, zero. Previsioni troppo ottimistiche: Pensiamo che la previsione di crescita MPC è troppo ottimista breve termine. Le PMI di luglio sono l'indicatore più affidabile a breve termine dei risultati economici che abbiamo avuto da quando il referendum, e sono rivolte alla contrazione, mentre le previsioni di crescita MPC (modesta) in 2H-16. La prima stima del PIL 3 ° trimestre, che ci aspettavamo di essere negativo, esce prima che il MPC fa la sua decisione di novembre. preferenza Pacchetto: Oggi ha dimostrato che il MPC crede che facendo diverse cose contemporaneamente è più efficace, e che vogliono fornire qualche compensazione per le banche a titolo di compensazione per l'impatto negativo dei tassi più bassi. Pound recupera terreno dopo forte calo su BoE stimolo T ha sterlina ha recuperato un po 'di calma questa mattina, spingendo fino 0.16pc a 1,3137 contro il dollaro, dopo tanking ieri dopo l'annuncio della Banca d'Inghilterra del aggressivo pacchetto di stimolo post-Brexit. Ecco uno sguardo a come la sterlina si è esibito nei confronti del dollaro negli ultimi tre giorni: W parlare entre continua su ieri Banca di pacchetto di stimolo in Inghilterra, più tardi, oggi gli investitori si rivolgeranno la loro attenzione negli Stati Uniti per il rapporto dei libri paga non agricoli (che sarà pubblicata a 1.30pm). Gli analisti in anteprima il rilascio dei dati: Michael Hewson, CMC Markets: Dollaro quotThe degli Stati Uniti è probabile che faccia un ulteriore test in seguito oggi con il libri paga rapporto degli Stati Uniti per il mese di luglio, che si prevede di mostrare i guadagni di 175k, giù da Junes paraurti 287K, ma al di sopra della tre media mese di 148K. quotAverage guadagni orari sono anche suscettibili di essere riportate riguardano strettamente monitorati che essi possono essere a corto di vapore. Un aumento di 0.2pc è prevista su base mensile e 2.6pc di anno in anno. quotThe tasso di disoccupazione dovrebbe mostrare un calo a 4,8, ma tenere d'occhio il tasso di partecipazione al lavoro come che continua a rimanere ai minimi multi-anno, che a sua volta sta mantenendo un coperchio sulla disoccupazione rate. quot mercato statunitense del lavoro continua a rafforzare ma alcune misure suggeriscono ancora lasco attraverso DanskeResearch pic. twitterBMWSevREIZ mdash Anthony Cheung (AWMCheung) 5 agosto 2016 N aeem Aslam, Pensare Mercati: quotThe non agricolo i dati del libro paga è il pezzo più importante dei dati economici per gli investitori. Gli investitori mirano a questo numero da varie angolazioni e cercherà di dare un giudizio su quello che l'azione successiva potrebbe essere dalla Federal Reserve Bank negli Stati Uniti. quotThe più grande domanda è che cosa potrebbe essere il numero che potrebbe stimolare la fiducia o pungere i Bulls. Quello che ci aspettiamo è che se otteniamo un numero che è superiore al contrassegno 200K, siamo in una posizione forte e Bulls avranno la possibilità di spingere il dollaro superiore. Tuttavia, se il numero finale è al di sotto delle aspettative di 180K o 150K, i Bears potrebbe occupare le strade. Detto questo, è altrettanto importante prestare attenzione al tasso di disoccupazione con la media oraria earnings. quot primo Venerdì del mese NFPguesses giugno 120k di sotto delle aspettative luglio 110k di sopra delle aspettative Così, ovviamente, questo mese sarà. mdash Alastair McCaig (AlastairMcCaig) 5 agosto 2016 aiuto Can39t sensazione che questo è il minimo giorno posti di lavoro importanti in età mdash Lorcan Roche Kelly (LorcanRK) 5 Agosto 2016 Bank of England pacchetto di stimolo: necessaria, non sufficiente, dice Credit Suisse R eaction a ieri post-Brexit pacchetto di stimolo da parte della Banca d'Inghilterra continua. Nonostante i tassi di taglio della banca centrale di 25 punti base, che annunciano 70 miliardi di acquisti di asset, che comprendono 60 miliardi di titoli di Stato e 10 miliardi di obbligazioni societarie, e un piano di finanziamento a basso tasso per le banche, il Credit Suisse dice saranno quotinsufficientquot le misure. Sonali Punhan, del Credit Suisse, ha dichiarato: vista quotOur è che queste misure forniscono un leggero stimolo economico e materialmente sottoscrivere la stabilità finanziaria a fronte del recente deterioramento dei dati economici dal momento che il referendum UE. quotBut giudichiamo che lo stimolo non sarà sufficiente a compensare i venti contrari di recessione. Questo non è un game-changer per l'economia, anche se è di supporto del Regno Unito i prezzi delle attività finanziarie (in valuta locale). quotEasier politica fiscale sarebbe più efficace nello stimolare la domanda interna nel Regno Unito, ma tale azione sembra solo probabilmente in autunno. Mer nota che le Banche acquisti di titoli attualmente compensate tutti i governi emissioni nette per l'esercizio, così l'annuncio della politica di oggi genera certamente capacità di politica fiscale per facilitare. quotConsequently, continuiamo a prevedere UK debolezza economica a persistere nel breve termine e la Banca di rispondere abbassando i tassi ulteriormente, a 0.05pc in November. quot Sterling39s goccia dopo BoE stimolo piccola rispetto a Brexit voto, dice BoE vice governatore T egli martella rilasciare dopo che la Banca d'Inghilterra ha scatenato miliardi di sterline di stimolo è stato quotrelatively smallquot confrontato con la sua caduta dopo il voto di giugno di lasciare l'Unione europea, vice governatore Ben Broadbent ha detto questa mattina. Alla domanda se la reale intenzione Boes era a svalutare la sterlina, Broadbent ha detto alla radio BBC che questo non era vero. Vice bankofengland governatore Ben Broadbent dice che c'è una prospettiva di interestrates tagliati ulteriormente quest'anno. r4today quotThe libbra è caduto molto bruscamente subito dopo il referendum e da allora è stata relativamente stabile, quot ha detto. quotCertainly confrontata con quella mossa immediata, la mossa di ieri l'annuncio di queste misure è stata relativamente small. quot roadbent B ha detto che era confidentquot quotpretty che il pacchetto di stimolo Boes avrebbe qualche effetto e che lui non era d'accordo che le azioni delle banche centrali riflettono il panico . Boes Broadbent: Moves STG sono rimasti stabili rispetto al recente Post-Brexit - costruttore Ouse BBC H Bellway prevede di registrare un aumento delle vendite 27pc occasione della pubblicazione dei risultati di bilancio nel mese di ottobre. Il margine operativo companys 250 quotate FTSE sarà vicino a 22pc un livello record, mentre completamenti abitativi saliranno 12.5pc. La fiducia dei consumatori rimane forte e Bellways ordine avanti libro è aumentato sia in valore e in volume. T ED Ayres, amministratore delegato, ha dichiarato: Il gruppo ha fornito una prestazione eccezionale di trading, ottenendo nuovi record per Bellway in materia di volume e margine operativo. E 'ancora troppo presto per valutare l'effetto del risultato del referendum UE, tuttavia la negoziazione di queste ultime settimane è stata incoraggiante e Bellway, con la sua forte bilancio e robusto banca del territorio, può essere flessibile e rispondere opportunisticamente a qualsiasi cambiamento delle condizioni di mercato. W Illiam Hill, il bookmaker al bersaglio di un'offerta pubblica di acquisto per il gioco d'azzardo gruppi Rank e 888 Holdings, ha registrato vendite piatte dopo una festa deludente Cheltenham. Il bookmaker ha registrato un aumento dei ricavi 1pc a 814.4m nelle 26 settimane al 28 giugno, in quanto la domanda migliore del previsto durante il torneo di calcio Euro non è riuscito a compensare le perdite a Cheltenham e il suo business online. P profitti ri-imposte saltato 28pc a 100.7m, ma che era in gran parte dovuto a prenotazioni costi eccezionali l'anno scorso dopo la ristrutturazione del business e chiusura negozi della società. Segnalazione da Kate Palmer R Oyal Bank of Scotland ha riportato una perdita 2.04bn per la prima metà dell'anno, dopo essere stato colpito da 1.31bn valore di PPI e altre spese legali. L'istituto di credito-backed stato stato punto anche da 450m a costi di ristrutturazione e ha avvertito che queste accuse salirebbero a più di 1 miliardo entro la fine dell'esercizio. RBS, che è stato salvato dal contribuente durante la crisi finanziaria, ha messo da parte 450 milioni per coprire l'assicurazione di protezione di pagamento (PPI) crediti. I t ha anche piantato in asso i piani per separare la rete delle filiali Williams amp Glyn causa della complessità e dei costi associati alla creazione di una nuova piattaforma bancaria. However, RBS said that it was still looking for a way to sell off the bank. It warned that the outcome of the UKs EU referendum had created quotconsiderable uncertainty in our core market and we continue to assess all its implicationsquot. quotIn the current low rate and low growth environment, achieving our longer term cost-to-income ratio and return targets by 2019 is likely to be more challenging. quot No surprises in RBS half yearly results - loss of 2.04bn based on impairment charges, PPI etc. Operating profit of 1bn for each last Q mdash David Buik (truemagic68) August 5, 2016 Agenda: RBS US non-farm payrolls G ood morning, and welcome to our rolling coverage of corporate and markets news. Yesterday, the Bank of England unveiled a four-pronged stimulus package designed to boost the economy and prevent a recession following the vote to leave the European Union. In what economists described as a forceful response to an expected UK slowdown, policymakers voted unanimously to cut rates to 0.25pc, from a previous record low of 0.5pc. Policymakers signalled that they were likely to vote for further cuts towards zero within months. Interest rates had previously been held at 0.5pc since March 2009. Mark Carney, the Governor of the Bank of England, said the markedly weaker growth outlook warranted stimulus now. I n a 170bn package of additional measures designed to stimulate the economy, the Bank announced it would: Expand its quantitative easing programme by 60bn, taking its stockpile of asset purchases up to 435bn over the coming six months, from 375bn today. Buy up to 10bn of high quality corporate debt from an estimated pool of around 150bn to drive down funding costs. While more details will be announced before the purchases start in September, policymakers said buying these bonds could provide more stimulus than the same amount of gilt purchases. Launch a 100bn Term Funding Scheme designed to offset the impact of cutting interest rates on bank profits. This will allow commercial banks to borrow a proportion of their outstanding lending to UK businesses and households for four years at around 0.25pc. The scheme will be funded by new money created by the Bank. Asian markets enjoy the Euphoria of UK stimulus package, eating for NFP in US - ASX 0.28, Shanghai -0.10, Hang Seng 1.47, Nikkei 0.05 mdash David Buik (truemagic68) August 5, 2016 T his morning, the FTSE 100 and other European indices are set to open higher following yesterdays decision by Britains Monetary Policy Committee to cut interest rates from 0.5pc to 0.25pc and unleash another wave of quantitative easing. In Asia overnight, stock markets generally rallied following the interest rate cut. Tokyos benchmark stock index, however, ended flat in a lacklustre session ahead of key US jobs data. The Nikkei 225 edged down 0.44 points to 16,254.45 while the broader Topix index of all first-section shares shed 0.24pc to finish the day at 1,279.90. At noon in Hong Kong, shares ended the morning sharply higher. The Hang Seng Index jumped 1.47pc to 22,153.54 by the break. But the benchmark Shanghai Composite Index edged down 0.10pc and the Shenzhen Composite Index, which tracks stocks on Chinas second exchange, slipped 0.13pc to 1,946.37. UK companies posting interim results - RBS, William Hill, Ibstock, eSure Group - US - Kraft Heinz, Liberty Media, Weyerheuser mdash David Buik (truemagic68) August 5, 2016 O n the agenda today: Interim results: William Hill, esure Group, Royal Bank of Scotland, Bellway Economics: average hourly earnings mm (US), non-farm employment change (US), trade balance (US), unemployment rate (US), consumer credit m (US), trade balance (FRA)Halifax house price index (UK)6:40 pm Banro provides update on the progression of the recapitalization ( BAA ). Banro reports that, as contemplated by the terms of the Recapitalization, the Ontario Superior Court of Justice has issued the interim order which, among other things, authorizes the Company to convene meetings of holders of its US175 million senior secured notes and Banros series A preference shares and series B preference shares to approve, among other things, the previously announced corporate plan of arrangement. The Company also intends to hold a meeting of holders of its common shares to approve, among other things, the Recapitalization. The meetings are scheduled to be held on March 31, 2017.As the Existing Notes are contemplated to be exchanged pursuant to the terms of the Plan of Arrangement as described above, it is not intended to make the principal repayment on the Existing Notes on March 1, 2017 and the Existing Notes are expected to remain outstanding until the implementation of the Recapitalization, which implementation is expected to occur in early to mid-April 2017. The Interim Order also provides a stay whereby, until the earlier of April 30, 2017 and the date the Recapitalization is implemented, any person, including the holders of the Existing Notes, is stayed from exercising certain rights or remedies, including rights or remedies arising as a result of the commencement of proceedings under the CBCA or any default or cross default under the Existing Notes, against or in respect of the Company or any of its material subsidiaries or any of their respective properties or assets. 6:23 pm This weeks biggest gainerslosers (:WRAPX). The following are this weeks top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over 300 mln market cap and 100K average daily volume). This weeks top 20 gainers Healthcare: LNTH (12.73 34.66), CYH (9.22 33.62), AXDX (26.6 14.9), THC (21.99 13.53), SRPT (31.95 12.98)Materials: TROX (17.4 20.67)Industrials: GNK (11.36 15.1), SBLK (9.5 15.01), FIX (38.65 14.86)Consumer Discretionary: PLKI (79.02 19.51), RH (31.34 16.85), TV (26.44 14.41), LL (17.39 13.22), GNC (8.63 12.96)Information Technology: KEM (11 36.48), AAOI (46.22 24.01), SQ (17.43 20.46), UCTT (14.66 20.26), CNDT (16.97 12.98), OLED (81.5 12.96)This weeks top 20 losers Healthcare: TRVN (4 -43.9), MNTA (15.5 -18.42), AMRI (15.21 -18.27), AMPH (15.19 -17.45), BCRX (5.51 -16.01)Materials: NAK (1.55 -31.42), HCLP (17.35 -18.54)Industrials: GRAM (3.32 -35.03)Consumer Discretionary: ENT (4.31 -30.71)Information Technology: SREV (4.01 -31.22), ACIA (54.03 -18.86), OCLR (9.23 -16.29)Financials: OCN (4.24 -19.08)Energy: BPT (21.3 -27.92), FMSA (9.93 -17.59), PKD (1.95 -17.02), QEP (14.05 -16.72), AROC (13.35 -15.51), SWN (7.35 -15.32) 6:14 pm FireEye on radar after confirming participation at three upcoming investor conferences (frequently the target of MampA speculation) ( FEYE ). Co announced participation in upcoming investor conferences. Morgan Stanley Technology Media and Telecom Conference on February 27, Pacific Crest Emerging Technology Summit February 28, JMP Securities 2017 Technology Conference February 28. 6:02 pm Raytheon confirms it was awarded 1,066,297,129 contract to provide the State of Qatar with Early Warning Radar System (see 17:09) ( RTN ). 6:01 pm Celanese will increase the price of vinyl acetate-based emulsIONS SOLD IN CHINA ( CE ). The price for VAE emulsions sold in China will increase by 240MT effective February 23, 2017, or as contracts otherwise allow. This price increase affects all applications for VAE emulsions including, but not limited to, adhesives, paints and coatings, waterproofing, building and construction and carpet. 4:31 pm Sycamore Partners has acquired The Limiteds brand and other rELATED INTELLECTUAL PROPERTY ASSETS ( XRT ). The intellectual property was purchased through a competitive auction run by The Limited as part of its ongoing Chapter 11 proceedings in the U. S. Bankruptcy Court for the District of Delaware. 4:24 pm EQUITY ONE STOCKHOLDERS ALSO APPROVED REGENCY CENTERS ( REG ) MERGER TODAY TRANSACTION EXPECTED TO CLOSE ON MARCH 1 (SEE 10:46) ( EQY ). 4:23 pm Closing Market Summary: Afternoon Rally Leaves Averages with Modest Gains (:WRAPX) : The stock market held a modest loss throughout the majority of Fridays session, but the cautious sentiment was just an illusion as bulls bought the dip and pushed the stock market into the green during the final minutes of the session. The SampP 500 (0.2) and the Nasdaq (0.2) eked out slim gains while the Dow (0.1) finished just above its flat line to record its 11th consecutive record close. Outside of an opening dip, todays session was rather range-bound as the market cut its initial loss in half and traded in sideways fashion until an afternoon charge into the green. Equity indices did show some life around noon following a report that Gary Cohn, who is the chief economic adviser to President Trump, indicated that the White House does not support the House GOP version of a border adjustment tax. This was construed as a positive for retailers given that they import so much of their merchandise for sale in the United States hence, their earnings prospects would be likely to suffer. Retail stocks surged to new highs following the initial report, but gave back a portion of those gains after the White House denied the reports validity, saying Mr. Cohns comment was taken out of context. Still, the SPDR SampP 500 Retail ETF (XRT 43.73, 0.63) closed Friday 1.5 higher as earnings news provided a sturdy backstop. Nordstrom (JWN 46.46, 2.52) jumped 5.7 after its better than expected earnings overshadowed a miss on revenues and below-consensus guidance. Foot Locker (FL 75.01, 6.43) and Gap (GPS 24.70, 0.73) also finished higher, adding 9.4 and 3.1, respectively. FLs strength stemmed from its better than expected earnings while GPS overcame below-consensus earnings guidance with an otherwise in-line report. Consumer discretionary (0.4) and consumer staples (0.4) rode the bullish retail sentiment to finish Friday higher. The industrial sector (0.5) closed with a similar gain, drawing strength from aerospace amp defense names after President Trump vowed to implement one of the quotgreatest military buildups in American historyquot on Friday morning. On the downside, financials (-0.8) and energy (-0.9) finished the day at the bottom of the leaderboard. Financials saw some pressure amid the continued uncertainty around the scope and the timing of a tax reform plan while energys downtick was influenced crude oils 0.9 slide. The energy component closed the week at 53.97bbl. U. S. Treasuries finished the week on a positive note, closing Friday near their three-month highs. The benchmark 10-yr yield finished six basis points lower at 2.31. The rate-sensitive utilities (1.4) sector closed at the top of the days leaderboard as investors relished the slip in interest rates. The remaining sectors--technology, materials, health care, telecom services, and real estate--closed with gains between 0.2 and 0.7. Todays economic data included January New Home Sales and the final reading of the University of Michigan Sentiment Index for February: New Home Sales in January hit an annualized rate of 555,000, which was above the revised December rate of 535,000 (from 536,000), and less than the 566,000 that was expected by the Briefing consensus. The key takeaway from the report is that high prices continue to impede stronger sales activity at the lower end of the new home market. That point is borne out in the fact that homes priced 299,999 or less accounted for 44 of new homes sold in January 2017 versus 53 in January 2016.The final reading of the University of Michigan Consumer Sentiment Index for February rose to 96.3 (Briefing consensus 95.8) from 95.7 in the preliminary reading. The key takeaway from the report is that overall consumer confidence is high, yet there are clear splits along party lines with respect to the economic outlook. That understanding, it was noted, creates an expectation that there will be greater volatility and discretionary spending differences across subgroups. On Monday, investors will receive January Durable Orders (Briefing consensus 1.8) and January Pending Home Sales (Briefing consensus 0.9). The two reports will cross the wires at 8:30 am ET and 10:00 am ET, respectively. Nasdaq Composite 8.6 YTDSampP 500 5.7 YTDDow Jones Industrial Average 5.4 YTD Russell 2000 2.8 YTD Week in Review: Friday Uptick Helps Secure Fifth Consecutive Weekly Gain The stock market appeared to be in jeopardy of recording its first down week in a month, but a recovery on Friday afternoon helped the SampP 500 add 0.7 for the week, extending its first quarter gain to 5.7. Equity indices motored higher to start the week, but investor sentiment soured a bit on Thursday, after Axios reported that Republican lawmakers are likely to delay a decision on infrastructure spending until 2018, giving Congress time to focus on tax and health care reform in 2017. ThE NEWS WEIGHED ON CONSTRUCTION AND ENGINEERING NAMES WITH CATERPILLAR ( CAT ) falling 3.3 during the final two sessions of the week. However, the overall stock market took the news in stride, which was impressive, considering pro-growth policies were cited for the post-election charge that lifted the SampP 500 to a fresh record. The market did see some selling on Friday morning, but dip buyers helped the benchmark index turn positive by the close. The past week was very quiet on the economic front, but investors did receive the most recent policy minutes from the Federal Open Market Committee. The minutes acknowledged that a rate hike will be in order fairly soon, if incoming data on jobs and inflation remains in line with expectations. It is worth noting that some members of the FOMC expressed concern that low volatility in equity markets is inconsistent with considerable uncertainty attached to the outlook for changes to the fiscal landscape. The CBOE Volatility Index (:VIX) held its ground in the 11.50 area, ending the week well below its 200-day moving average (13.80). Rate hike expectations saw limited movement during the past week. The implied likelihood of a hike in May ticked up to 50.4 from last weeks 44.1 while the implied probability of a rate hike in June slipped to 66.5 from last Fridays 69.9. 4:21 pm FirstEnergy expects two units at its Bruce ManSFIELD PLANT TO RESTART EARLY NEXT WEEK FOLLOWING A SHORT OUT-OF-SERVICE PERIOD THAT BEGAN MID-FEBRUARY ( FE ). Restart activities at Units 1 and 3, each with a capacity of 830 megawatts, will begin this weekend. While the units were offline, Bruce Mansfields 350 employees completed routine daily maintenance work that supports ongoing safe and reliable operation. Unit 2, also with an 830-megawatt capacity, will remain out of service as maintenance on plant equipment is completed. 4:15 pm Transdigm Group prices offering of 300 mln OF ADDITIONAL 6.500 SENIOR SUBORDINATED NOTES DUE 2025 WILL BE ISSUED AT A PRICE OF 101.500 OF THEIR PRINCIPAL AMOUNT ( TDG ). 4:07 pm Events of interest for next week. Events and conferences of interest for next week, February 27 - March 3rd, are listed below. For a complete list of next weeks events, please see the . Monday JPMorgan Global High Yield and Leveraged Finance Conference (Feb 27-March 1st)Scheduled to appear: PBH, SBGI, S, PTC, CXO, RYI, DCP, CC, TTMI, COT, SEE, SIRI, SCI, TEN, OLN, MSCI, MNI, MD, MDCA, GLT, HLS, SSNC, AXE Conference Information Morgan Stanley Technology, Media and Telecom Conference (Feb 27-March 2nd)Notable cos to present: NTAP, SAP, TV, CBS. A, TRIP, HIVE, GRPN, CBB, PYPL, SPLK, TMUS, CBS, MSFT, MB, LAMR, RPD, DST, GDDY, P, CALD, GOOG, GOOGL, CMCSA, CTXS, TEAM, IMAX, JIVE, VZ, NATI, CSCO, HPE, FB, SNI, FTNT, LRCX, CY, ZEN, ADBE, AMAT, CNK, INFN, EA, ANET, MRVL, NEWR, PFPT, RNG, GLW, CCI, EIGI, MXIM, CSOD, NLSN, SYMC, NOW, HPQ, ZNGA, WDAY, LVLT, CTL, VIA, VIAB, NVDA, IBM, NTCT, STX, TNET, SWKS, SALE, FWONA, VRNS, VMW, OUT, MDSO, XLNX, DBD, ACIA, WK, CHTR, INST, TRVG, QLYS, YELP, MSCC, CA, NWS, SNPS, CTSH, SSNC, PI, EGHT, PI, IMPV, EFII, BV, LYV, VSAT, TYL, DATA, ATEN, PEGA, APTI, DLB, ARRS, MSTR, PTC, IPHI, TLND, SABR, MU, BOX, ELLI, V, ATHN, CDNS, PANW Keefe, Bruyette and Woods Cards, Payments amp Financial Technology SymposiumScheduled to appear: DFS, AXP, ADS, MA, GPN, V, WEX ( Conference Agenda ) Tuesday Credit Suisse 2017 Global Healthcare Conference (Feb 28- March 1st)Scheduled to appear: ACIU, ALIOY, AAAP, ALDR, ALKS, LBTSF, AZN, BSLN, BAYRY, CS, FSNUY, GLPG, GMXAY, GSK, IPHYF, IPSEY, LZAGY, MRK, NVS, NVO, ORINY, QGEN, REGN, ROVI, SNY, SNN, SONVY, STDAF, WILYY, CHMP Evercore ISI Annual Industrial ConferenceNotable cos to present: CAT, CMI, KMT, ITW, URI President Trump to give address to joint session of Congress at 21:00 ET Wednesday BTIG Medical Technology, Diagnostics, and Healthcare Conference (March 1st-2nd)Scheduled to appear: VREX, MMSI, VRAY, HQY, VNRX, CFMS, INGN, NVDQ, VAR Gabelli and Company 27th Annual Pump, Valve, and Water Systems SymposiumNotable cos to appear: AC, AME, WAAS, BMI, CIR, CR, FLS, GRC, GGG, IEX, RXN, XYL, HI, LAYN, WTS, MWA, ITT, NPO Simmons and Co Energy Conference (March 1st-3rd)Scheduled to appear: RRC, CRR, TTI, CXO, TSO, PXD, SWN Thursday Bank of America Merrill Lynch Global Agriculture amp Chemicals ConferenceScheduled to appear: OLN, MOS, DD, POT, AGU, CF, RPM JPMorgan Gaming, Lodging, Restaurant amp Leisure Management Access Forum (March 2nd-3rd)Notable cos to present: YUM, DNKN, STAY, WYN, FOGO Among Investor Days: Crane (CR) 2017 Investor Conference at 8:30 ET Friday 2017 AAAAI Annual Meeting (March 3rd-6th)Scheduled to appear: DBVT, ANAB 2017 American Academy of Dermatology Annual Meeting (March 3rd - 7th)Scheduled to appear: ANAB Fed Chair Janet Yellen to speak at 13:00 ET 4:06 PM LPL FINANCIAL TO REFINANCE ITS EXISTING CAPITAL STRUCTURE IN A LEVERAGE-NEUTRAL TRANSACTION ( LPLA ). LPL Holdings intends to enter into an amendment to the credit agreement governing its senior secured credit facilities, pursuant to which it expects to borrow a new term B loan due 2024 in an original aggregate principal amount of 1,700 million, increase the size of its revolving credit facility to 500 million, and make certain other changes. LPL Holdings also intends to raise 500 million in gross proceeds through an offering of senior notes due 2025. LPL Holdings intends to use the net proceeds from the offering of the notes and the new term B loan to repay LPL Holdings existing senior secured credit facilities and to pay accrued interest and related fees and expenses. 4:02 PM MERCK ANNOUNCES ITS PHASE 3 STUDY RESULTS FOR V212 FOR THE PREVENTION OF SHINGLES IN IMMUNOCOMPROMISED PATIENTS MET ITS PRIMARY ENDPOINT ( MRK ) : In the trial, V212 met its primary endpoint and reduced the incidence of confirmed HZ cases by an estimated 64 percent (95 CI, 0.48, 0.75) in recipients of auto-HSCT. Secondary endpoint findings from the study showed that V212 reduced the incidence of moderate-to-severe HZ pain by an estimated 69.5, utilizing the Zoster Brief Pain Inventory (:ZBPI) score. V212 demonstrated an estimated 83.7 percent reduction of the incidence of post-herpetic neuralgia (:PHN) beyond 90 days after onset of HZ. In the study PHN was defined as pain in the area of the HZ rash with a quotworst pain in the last 24 hoursquot score of 3 or greater (on a 0 to 10 scale) on the ZBPI that persists or appears 90 days or beyond after HZ rash onset following auto-HSCT. In addition, V212 showed reduction of other HZ complications by an estimated 73.5 percent. These other complications included hospitalization or prolongation of hospitalization due to HZ disseminated HZ (including disseminated HZ rash or VZV viremia) visceral HZ, ophthalmic HZ neurological impairment due to HZ or administration of INTRAVENOUS ACYCLOVIR THERAPY FOR TREATMENT OF HZ POST AUTO-HSCT. 4:01 PM SUMMIT FINANCIAL INCREASES QUARTERLY DIVIDEND TO 0.11SHARE FROM 0.10SHARE ( SMMF ). 1:10 pm Pfizer prices 1.065 bln aggregate principal amount of 4.20 notes due 2047 to professional institutional investors in Taiwan ( PFE ). Co intends to use the net offering proceeds for general corporate purposes, including to repay a portion of its outstanding commercial paper. 1:05 pm Midday Market Summary: Averages Hold Modest Losses at Midday (:WRAPX) : After a sluggish start, investors have become a bit more optimistic this afternoon as the stock market approaches its flat line following a border tax related report from the White House. The three major averages are all down near 0.2 at midday. Retail stocks have seen a nice pop in recent action following a news report that Gary Cohn, who is the chief economic adviser to President Trump, indicated at a forum of CEOs today that the White House does not support the House GOP version of a border adjustment tax. That news was sourced by Axios from an attendee at the conference. This has been construed as a positive for retailers who fear a border tax due to the increased labor cost implications it carries. Mr. Trump said that he supports quota formquot of the border tax yesterday, but todays report from the White House indicates that this quotformquot is not necessarily the one that the GOP is trying to push through Congress. Rather, it is likely that President Trumps preference would be for a watered down version as hes expressed his concern that the border tax is quottoo complicated. quot The retailer group has also been in todays earnings headlines as household names like Nordstrom (JWN 46.71, 2.78), Foot Locker (FL 75.14, 6.56), and Gap (GPS 25.10, 1.13) reported their quarterly results between yesterdays close and todays open. Nordstrom has jumped 6.2 after its better than expected earnings have overshadowed its miss on revenues and below-consensus guidance. Foot Locker and Gap also trade higher, up 9.6 and 4.5, respectively. FLs strength stems from its better than expected earnings while GPS has overcome below-consensus earnings guidance with an otherwise in-line report. After all the headlines, the SPDR SampP 500 Retail ETF (XRT 43.95, 0.85) is up 2.0 while the consumer discretionary sector holds a 0.3 gain. Fellow cyclical spaces havent fared as well as the consumer discretionary group. Financials (-1.0), the space that has led the stock markets post-election rally, paces todays mild pullback while energy (-0.8) performs only modestly better. Crude oils 0.6 loss has weighed heavily on the energy group. The energy component trades at 54.08bbl as investors cautiously await todays Baker Hughes rig count data, which will be released shortly at 1:00 pm ET. U. S. Treasuries have slipped from their session highs in recent action, but still hold gains amid the stock markets slight downtick. The benchmark 10-yr yield trades four basis points lower at 2.33. The rate-sensitive utilities (1.1) sector holds the top spot on todays leaderboard as investors relish todays slip in interest rates. Telecom services (0.3) also trade comfortably in the green at midday. Todays economic data included January New Home Sales and the final reading of the University of Michigan Sentiment Index for February: New Home Sales in January hit an annualized rate of 555,000, which was above the revised December rate of 535,000 (from 536,000), and less than the 566,000 that was expected by the Briefing consensus. The key takeaway from the report is that high prices continue to impede stronger sales activity at the lower end of the new home market. That point is borne out in the fact that homes priced 299,999 or less accounted for 44 of new homes sold in January 2017 versus 53 in January 2016.The final reading of the University of Michigan Consumer Sentiment Index for February rose to 96.3 (Briefing consensus 95.8) from 95.7 in the preliminary reading. The key takeaway from the report is that overall consumer confidence is high, yet there are clear splits along party lines with respect to the economic outlook. That understanding, it was noted, creates an expectation that there will be greater volatility and discretionary spending differences across subgroups. 12:39 pm Earnings Calendar for the week of February 27 (:SUMRX). Monday (February 27)Pre-Market: AES, CORE, AMT, AFSI, NGHC, TGNA, JKS, HYH, MDCA, HZNP, FCE. A, AWI, SNH, BID, KOS, AMWD, IBP, AIMC, GOGO, SSTK, NWN, etc. After-Hours: THC, ZTO, OKS, FTR, OKE, CST, PCLN, WNR, EOG, HTZ, KND, PRGO, ESND, DK, ALB, MHLD, WNRL, ESV, KRA, WDAY, SBAC, SYKE, JBT, BWXT, ITGR, WUBA, ICFI, APLE, NNI, KTOS, FRGI, etc. Tuesday (February 28)Pre-Market: TGT, BNS, BMO, SRE, NRG, AZO, VRX, TOUR, CNP, TA, ENDP, PAH, DPZ, SDRL, LNG, PRIM, BNED, BLD, FCN, SHOO, IPCC, NXST, USCR, RHP, STAY, INCR, SEAS, NYLD, XHR, LBY, etc. After-Hours: ROST, CBI, UHS, CRM, BLDR, EVHC, DPLO, DAR, TNET, AMC, AR, HY, BW, ITRI, ILG, KAMN, PANW, JAZZ, AMED, HEI, AEGN, BVN, BUFF, AIRM, CHDN, WTW, BGFV, CLNS, PRAA, LQ, etc. Wednesday (March 1)Pre-Market: LOW, BBY, DLTR, WIN, AEO, BMCH, DY, TRCO, DCI, HPT, HRI, STKL, VSI, AKRX, BITA, GTN, IPXL, CROX, TTI, DIN, GTE, INXN, PEGI, LXP, EGRX, PCRX, EVEP, MACK, etc. After-Hours: AVGO, ANW, GEF, MNST, PK, VGR, EPE, CODI, VEC, FOE, PSTG, CCRN, NNBR, CWST, PLNT, WTI, BOX, FOXF, ICUI, FOR, OME, SHAK, PMTS, NVGS, etc. Thursday (March 2)Pre-Market: JD, KR, BUD, TD, BURL, BKS, ANF, GTS, JOY, SSI, ACIW, ATHM, ZEUS, TAST, MEI, SUP, AMRC, SRI, NDLS, SQBG, etc. After-Hours: COST, MRVL, ADSK, AOBC, NTNX, GWRE, NEFF, HABT, EVC, BBG, AMRS, WING, STAA, etc. Friday (March 3)PRE-MARKET: BIG, BIOS, DXYN 12:31 PM ENTEGRA FINANCIAL EXTENDS REPURCHASE PROGRAM FOR UP TO 5 OF THE COS OUTSTANDING SHARES THROUGH FEB 23, 2018 ( ENFC ). 12:29 pm Floor Talk: Retailers Pop on Border Tax Blurb (:TALKX) : Retail stocks have seen a nice pop in recent action following a news report that Gary Cohn, who is the chief economic advisor to President Trump, indicated at a forum of CEOs today that the White House does not support the House GOP version of a border adjustment tax. That news was sourced by Axios to an attendee at the conference. Recall that the retail stocks got hit in late action on Thursday after President Trump said in a Reuters interview that he supports quotsome form of a border adjustment tax. quot That was viewed as a negative since he had previously said the border tax plan was too complicated, creating a sense that he would not be in favor of one. So, it didnt sit well with retail investors that the president acknowledged supporting some form of a border adjustment tax, as they felt he might now be aligned with the more restrictive border tax proposal being pushed by the House GOP. The retail industry is opposed to a border adjustment tax because retailers import so much of their merchandise for sale in the U. S hence, their earnings prospects would suffer presumably since they would get hit disproportionately by a border adjustment tax. Accordingly, with Mr. Cohn reportedly offering a softer stance today, there is some relief that a border tax supported by the White House wont be as restrictive as feared yesterday. Any border tax would be a negative in its own right, yet the retail stocks have been bid up since the Cohn headline hit on the perception that any future border tax might not be as bad as feared. It would still be negative, but just not as negative as feared and that understanding qualifies as a positive (for now). The SPDR SampP Retail ETF (XRT 43.90, 0.80, 1.9) was down 0.5 at its low today. 12:14 pm Currency Commentary: Rangebound COntinues (:SUMRX). The Dollar Index is testing the 101 level for resistance. The greenback was trending lower but saw some buyers jump in right ahead of the open. But that rally has fizzled out at 101. We will be getting a steady flow of data next week which will help set up the March meeting expectations. The biggest headwind at the moment appears to be the dollar and the low yields in Europe as the Fed is worried about the divergence. Of note, the jobs report is not out until March 10. This is due to how the timing of the three week period at the BLS plays out. The euro was trading above the 1.06 level but would tumble below that level before finding support at the 1.0560 area. The weakness came as we saw headlines regarding difficult Brexit negotiations. This is hardly a new story, but as we approach the Article 50 trigger (expected at the end of March), it should pick up some steam and act as a headwind. The pound would slip from the mid-1.25 area to just below 1.25. Sterling was able to find footing and is attempting to regain some of its losses with limited success. The yen is now starting to find support at 113 after breaking through the resistance level yesterday. Yen is coming in to test its multi-month low (11.59) and the 100-sma (111.72). The later would be the first test since late October. The yuan remains steady. Earlier in the week Treasury Secretary Steve Mnuchin said that he would await the April FX report before making any statements on China currency manipulation. The President was a little more forward with commentary as he reiterated concerns over China manipulating its currency (BONDX, FOREX). 12:02 pm European Markets Closing Prices (:SUMRX). European markets are now closed stock markets across Europe performed as follows: UKs FTSE: -0.4 Germanys DAX: -1.2 Frances CAC: -0.9 Spains IBEX: -0.4 Portugals PSI: -0.3 Italys MIB Index: -1.2 Irish Ovrl Index: -0.9 GREECE ASE GENERAL INDEX: -0.6 11:33 am Chevron completes the acquisition of SKIL Power Tool Brands from Robert Bosch Tool terms not disclosed ( CVX ). The acquisition gives Chervon complete controL OVER THE SKIL AND SKILSAW BUSINESSES IN THE NORTH AMERICAN MARKET. 11:31 AM TRILLIUM THERAPEUTICS PRESENTED NEW PHARMACOLOGY DATA FROM ITS ONGOING PHASE 1 AB TRIAL OF TTI-621 AT THE ASCO-SITC CLINICAL IMMUNO-ONCOLOGY SYMPOSIUM ( TRIL ) : The company presented the following new information from the trial: Receptor occupancy increases with multiple infusions of TTI-621, conferring robust CD47 blockade on circulating leukemic cells: Compared to the initial infusion, the extent and duration of CD47 occupancy on peripheral leukocytes was elevated following the sixth dose. Importantly, emerging data suggests increased receptor occupancy on circulating leukemic blast cells. Increases in cytokines associated with macrophage activation suggest rapid engagement of the innate immune system: Post-infusion elevations were observed in MIP-1a, MIP-1b and other cytokines associated with macrophage activation, supporting the proposed role of TTI-621 as an innate immune checkpoint inhibitor. Increases in cytokines associated with macrophage activation suggest rapid engagement of the innate immune system: Post-infusion elevations were observed in MIP-1a, MIP-1b and other cytokines associated with macrophage activation, supporting the proposed role of TTI-621 as aN INNATE IMMUNE CHECKPOINT INHIBITOR. 11:30 AM IDERA PHARMA REPORTS ADDITIONAL DATA FROM THE DOSE-ESCALATION PHASE OF ITS ONGOING PHASE 12 CLINICAL TRIAL OF INTRATUMORAL IMO-2125 AT THE 2017 ASCO-SITC CLINICAL IMMUNO-ONCOLOGY SYMPOSIUM ( IDRA ) : quotWe are very pleased to have achieved successful completion of all our objectives in the Phase 1 portion of this trial which established safety across all doses tested, and demonstrated preliminary evidence of clinical activity, including durable responses of over one year in two of the evaluable patients so far, quot stated Mark Cornfeld, M. D. Ideras Medical Lead, Oncology. quotAdditionally from a scientific standpoint, weve established proof of mechanism through our translational effort which has gone well beyond the norm compared to what is typically done in oncology drug development. quot Results Demonstrate IMO-2125 plus ipilimumab combination is tolerable at all dose levels studied and has demonstrated durable clinical activity in PD-1 Refractory Melanoma. The company is also announcing the acceptance of two abstracts at the upcoming American Association for Cancer Research (:AACR) 2017 Annual Meeting BEING HELD APRIL 1-5, IN WASHINGTON DC. IDERA HAS GAINED ACCEPTANCE OF TWO PRESENTATIONS RELATED TO IMO-2125. 11:19 AM AVERY DENNISON PRICES EUR 500 MLN 1.250 SENIOR NOTES DUE 2025 IN AN UNDERWRITTEN PUBLIC OFFERING AT 99.917 OF THEIR PRINCIPAL AMOUNT ( AVY ). The co intends to use EUR 200 mln of the net proceeds from the offering to repay commercial paper borrowings that it used to finance a portion of its acquisition of the European biz of Mactac in Aug 2016, and the remainder for general corporate purposes, which may include the repayment OF OTHER INDEBTEDNESS, INCLUDING ITS 6.625 GUARANTEED NOTES DUE 2017, ACQUISITIONS, INCLUDING THE ACQUISITIONS OF HANITA COATINGS AND YONGLE TAPE CO, CAPEX, WORKING CAPITAL, AND OTHER CORPORATE PURPOSES. 10:55 AM NOTABLE MOVERS OF INTEREST: OLED 19.4 ON Q4 EPS AND REVENUE BEATS ( SCANX ) : Notable movers of interest The following are some of todays most notable movers of interest, categorized by market capitalization (large cap over 10 billion and mid cap between 2-10 billion) and ranked by change (all stocks over 100K average daily volume). Large Cap Gainers INTU (126.56 4.86): Reports Q2 EPS beat guides Q3 EPS and revenues above consensus. YUMC (27.03 0.97): Initiated with a Buy at Deutsche Bank 31.48 tgt. Large Cap Losers HPE (22.68 -8.05): Reports Q1 EPS and revenue misses, guides Q2 EPS below consensus lowers FY17 EPS, in-line. MGA (42.78 -5.25): Shares fall after reporting Q4 EPS miss. BIDU (177.48 -3.88): Reports Q4 revenue miss guides Q1 revenues below consensus. Mid Cap Gainers OLED (80.5 19.35): Reports Q4 EPS and revenue beats initiates 0.03 quarterly dividend. RLGY (29.52 7.7): Shares rise on Q4 EPS and revenue beats. MTZ (39.6 6.88): Reports Q4 EPS and revenue beats guides Q1 FY17 EPS above consensus. Mid Cap Losers ACIA (55.3 -12.82): Guides Q1 EPS and revenues below CONSENSUS. JCP (6.26 -8.75): SHARES FALL DESPITE Q4 EPS BEAT GUIDES FY18 EPS IN-LINE WITH FLAT COMPS PLANS TO CLOSE 13-14 OF STORE. KBR (14.91 -7.68): REPORTS Q4 EPS MISS. 10:46 AM REGENCY CENTERS SHAREHOLDERS APPROVE MERGER WITH EQUITY ONE ( EQY ) transaction expected to close on March 1 ( REG ). 9:45 am Opening Market Summary: Equity Indices Hold Losses in Early Action (:WRAPX) : The SampP 500 trades 0.4 lower shortly after Fridays opening bell. Financials (-1.0) show relative weakness while some countercyclical groups provide positive support. The lightly-weighted utilities (0.4) and telecom services (0.6) sectors TRADE IN THE GREEN AND ARE CURRENTLY AT THE TOP OF THE WEEKS LEADERBOARD WITH WEEK-TO-DATE GAINS OF 3.0 AND 2.3, RESPECTIVELY. U. S. TREASURIES HOVER NEAR THEIR OVERNIGHT HIGHS AMID TODAYS MILD PULLBACK. THE BENCHMARK 10-YR YIELD IS CURRENTLY DOWN THREE BASIS POINTS AT 2.34. 9:30 AM ONEX CORP REPORTED FY16 RESULTS ( ONEXF ). Co reported FY16 revenues increased by 14 to 22.5 billion from the prior year. The increase in revenues was primarily driven by the same factors that drove the increase during the fourth quarter of 2016 as well as the full year impact of 2015 acquisitions. Net loss for the year was 36 million compared to a net loss of 505 million in 2015. 9:29 am On The Wires (:WIRES). Vonage (VG) announced that it will collaborate with Google to provide businesses with enhanced features to the standard messaging experience on mobile devices. Through Nexmo, the Vonage API platform, this SMS upgrade enables delivery of improved business messaging to any Android mobile device, via RCS (Rich Communication Services), helping businesses to engage with their customers for deeper relationships and better business outcomes. Cascades Sonoco, a joint venture of Sonoco Products Company (SON) and Cascades Inc. announced the investment of approximately 16 million US for the expansion of its existing Birmingham, Al. facility. This investment in world-class water-based coating technology will provide coated paper and paperboard substrates using its new FlexShield, FluteSHIELD and SurfSHIELD coating technology. These coatings, recently introduced to the folding carton and corrugated industries, are revolutionary water-based functional and barrier coatings designed to replace the standard LDPE coating used in take-out container folding carton applications, as well as wax replacement technology for the corrugated industry. They offer solutions that are recyclable, repulpable and compostable. CenturyLink, Inc. (CTL) is expanding its Alliance programs to serve their enterprise customers with advanced communications and IT solutions. Each program is tailored to meet the specific support and enablement needs of its members. Kulicke amp Soffa Industries (KLIC) announced its contribution of an automatic single-head semiconductor wedge bonder to the Engineering Product Development Pillar of the Singapore University of Technology and Design. Wedge Bonder equipment is used in interconnect technologies in a wide range of power semiconductor packages and modules such as the automotive, industrial, renewable energy, consumer and computing markets. Altius Minerals announced that it has entered into a letter agreement pursuant to which FairfAX FINANCIAL (FRFHF) WILL MAKE AN UP TO CAD100 MILLION INVESTMENT IN ALTIUS IN EXCHANGE FOR THE ISSUANCE BY ALTIUS OF PREFERRED SECURITIES AND WARRANTS. 9:15 AM HI-CRUSH PARTNERS PRICES PRIMARY PUBLIC OFFERING OF 20.5 MLN UNITS REPRESENTING LIMITED PARTNERSHIP INTERESTS FOR TOTAL GROSS PROCEEDS OF APPROXIMATELY 369 MLN ( HCLP ). 9:15 am SampP futures vs fair value: -11.50. Nasdaq futures vs fair value: -31.60. (:WRAPX) : The SampP 500 futures trade 12 points (0.5) below fair value this morning, pointing to a lower Friday open on Wall Street ahead of the New Home Sales (Briefing consensus 566,000) and University of Michigan Consumer Sentiment (Briefing consensus 95.8) reports at 10:00 a. m. ET. The market will be opening on a weak note because it is due for a pullback after an incredible run that has been driven by its own share of convenient excuses for keeping the post-election rally going. In earnings news, Hewlett Packard Enterprise (HPE 22.44, -2.22) has captured investors attention this morning after diving 9.0 in pre-market trade following the companys latest earnings report. HPEs miss on revenues and below-consensus earnings guidance has overshadowed its better than expected earnings per share results. Elsewhere on the earnings front, the SPDR SampP 500 Retail ETF (XRT 42.87, -0.23) trades lower in pre-market action after the latest earnings reports from JC Penney (JCP 6.68, -0.18) and Gap (GPS 23.33, -0.64). JCP holds a loss of 2.3 after the company revealed its plan to close two distribution facilities and 130-140 of its stores over the next few months. Gaps weakness stems from its downbeat earnings guidance. Crude oil has followed yesterdays big advance with a solid loss this morning. The energy component IS DOWN 1.0 AT 53.91BBL AHEAD OF TODAYS BAKER HUGHES RIG COUNT DATA, WHICH WILL BE RELEASED AT 1:00 PM ET. U. S. TREASURIES HAVE POSTED A FRESH HIGH IN RECENT ACTION TO EXTEND THEIR EARLY GAINS. THE BENCHMARK 10-YR YIELD TRADES LOWER BY THREE BASIS POINTS AT 2.34. 9:03 AM VUZIX SIGNS AGREEMENT TO BUILD A CUSTOMIZED PAIR OF SMART GLASSES FOR TOSHIBA ( TOSBF ) ( VUZI ). Under the terms of this agreement, Vuzix and Toshiba have embarked on a rapid development program with milestone payments totaling over one million US dollars. With development efforts well under way, Toshiba, subject to a final manufacturing agreement, expects to place additional purchase ordERS FROM VUZIX FOR PRODUCTION DELIVERIES IN THE 4TH QUARTER OF 2017. FURTHER DETAILS ON THE NEW SMART GLASSES PRODUCT WILL BE RELEASED SOON AFTER PUBLIC MARKETING OF THE PRODUCT COMMENCES. 9:03 AM VAIL RESORTS ANNOUNCES THE RENEWAL OF WHISTLER BLACKCOMBS MASTER DEVELOPMENT AGREEMENTS WITH THE PROVINCE OF BRITISH COLUMBIA AND APPROVAL OF THE ASSOCIATED MASTER PLANS FINANCIAL DETAILS NOT DISCLOSED ( MTN ) : quotThis is a significant milestone for Whistler Blackcomb and our local communities as it provides us with the long-term certainty for the capital investment required to maintain our position as a premier mountain resort destination in the world, quot says Dave Brownlie, chief operating officer at Whistler Blackcomb. quotWe are grateful for the support the Province has provided during this process and for our strengthened relationships with the Squamish Nation and Lilwat Nation through which all our communities will benefit. quot In connection with the execution of the Master Development Agreements and Master Plans, Whistler Blackcomb has entered into agreements with the Squamish and Lilwat Nations on whose traditionAL TERRITORIES IT OPERATES. THESE AGREEMENTS RUN CONCURRENTLY WITH THE MASTER DEVELOPMENT AGREEMENTS AND ENSURE THAT LOCAL FIRST NATIONS PARTICIPATE IN THE SUCCESS OF THE RESORT AS PARTNERS THROUGH ECONOMIC AND CULTURAL COMMITMENTS, JOBS, CONTRACTING AND DEVELOPMENT OPPORTUNITIES AND RECREATIONAL OPPORTUNITIES FOR THE YOUTHS OF THOSE NATIONS. 9:02 AM COFFEE HOLDING ACQUIRES COMFORT FOODS FOR 2.3 MLN ( JVA ). Comfort Foods is a medium sIZED REGIONAL ROASTER THAT MANUFACTURES BOTH BRANDED AND PRIVATE LABEL COFFEE FOR RETAIL AND FOODSERVICE CUSTOMERS LOCATED PREDOMINANTLY IN THE NORTHEAST MARKETPLACE. IN CONNECTION WITH THE ACQUISITION, THE COMPANY PAID 2.3 MILLION FOR 100 OF THE CAPITAL STOCK OF COMFORT FOODS WHICH HAD APPROXIMATELY 7.3 MILLION IN TRAILING TWELVE MONTH REVENUES. 9:02 AM NORTHRIM BANK INCREASES QUARTERLY DIVIDEND TO 0.21SHARE FROM 0.20SHARE ( NRIM ). 9:02 am Lifepoint Hospitals appoints Harry R. PHILLIPS, III, MD, AS CHIEF MEDICAL OFFICER ( LPNT ). Phillips is also professor of medicine at Duke University School of Medicine, associate director of the Duke Heart Center, and chief medical officer, Duke Network Services, for Duke University Health System. 8:51 am Function(x) prices underwritten public offering of about 4.57 mln shares of common stock at 1.05share for gross proceeds of about 4.8 mln ( FNCX ). 8:50 am SampP futures vs fair value: -10.00. Nasdaq futures vs fair value: -32.60. (:WRAPX) : The SampP 500 futures trade ten points (0.4) below fair value. Equity indices in the Asia-Pacific region ended the week on a mixed note, but trading ranges were fairly narrow. Reserve Bank of Australia Governor Philip Lowe acknowledged that the global economy is on firmer footing, but noted his preference for a lower Aussie exchange rate. The Australian dollar is down 0.4 against the greenback at 0.7687. In economic data: South Koreas February Consumer Confidence ticked up to 94 from 93. Singapores January Industrial Production -6.0 month-over-month (expected -2.6 last 6.7) 2.2 year-over-year (consensus 8.4 previous 22.1) ---Equity Markets--- Japans Nikkei lost 0.5, but gained 0.3 for the week. Growth-sensitive names struggled in response to speculation that an infrastructure spending bill in the US will be delayed. Komatsu, Sumitomo Heavy Industries, Mitsubishi Materials, Kobe Steel, Furukawa, Hitachi Construction, and Pacific Metals lost between 2.9 and 5.4. On the upside, Toshiba spiked 4.5 to continue its recent volatile stretch. Hong Kongs Hang Seng lost 0.6 to end the week lower by 0.3. Apple supplier AAC Technologies was the weakest performer, falling 4.7. Financials like BoC Hong Kong, Ping An Insurance, Bank of China, and HSBC lost between 0.8 and 1.5. Chinas Shanghai Composite ticked up 0.1, extending its weekly gain to 1.6. China Southern Airlines, China World Trade Center, Besttone Holdings, and China Eastern Airlines climbed between 3.5 and 5.7. Indias Sensex was closed for Mahashivratri. Major European indices trade lower across the board with Germanys DAX (-1.7) showing relative weakness. Todays underperformance in the DAX comes after the index spent the past two days just below its record high from early 2015. Also of note, polling data from Infratest shows that Chancellor Angela Merkels CDUCSU coalition has seen its support drop to 31.0, falling behind SDU, which polled at 32.0. In economic data: Frances February Consumer Confidence held at 100, as expected. UKs BBA Mortgage Approvals 44,700 (expected 41,900 last 43,600) Italys December Industrial New Orders 2.8 month-over-month (last 1.7) -0.9 year-over-year (last 0.1). Industrial New Sales 2.6 month-over-month (last 2.4) 9.4 year-over-year (last 3.9). February Business Confidence 106.3 (expected 104.6 last 105.0) and Consumer Confidence 106.6 (consensus 109.0 last 108.6) ---Equity Markets--- UKs FTSE is lower by 0.9 with miners and financials showing relative weakness. Rio Tinto, Glencore, BHP Billiton, Antofagasta, Anglo American, and Fresnillo are down between 1.4 and 4.1. Financials like RBS, Standard Chartered, fx, RSA Insurance, and Lloyds Banking show losses between 1.5 and 5.1. Frances CAC has given up 1.5 amid broad weakness. ArcelorMittal is one of the weakest components, falling 3.9, while other growth-sensitive names lIKE SAINT GOBAIN, LAFARGEHOLCIM, SOLVAY, AND TECHNIP ARE DOWN BETWEEN 2.9 AND 3.3. AUTOMAKERS PEUGEOT AND RENAULT SHOW RESPECTIVE LOSSES OF 3.5 AND 2.5. GERMANYS DAX TRADES DOWN 1.7. BASF HAS SURRENDERED 3.5 WHILE COMMERZBANK AND DEUTSCHE BANK ARE DOWN 4.1 AND 3.2, RESPECTIVELY. BMW, CONTINENTAL, DAIMLER, AND VOLKSWAGEN ARE DOWN BETWEEN 1.2 AND 2.3. 8:47 AM VALE S. A. ANNOUNCED THAT MURILO FERREIRA WILL NOT RENEW HIS TERM AS VALES CEO ( VALE ). 8:44 am Wabash Natl announces that its board of directors has authorized the Co to repurchase up to an additional 100 mln of its common stock over the next two years ( WNC ). This authorization is an increase to the existing 100 million repurchase program previously approved in February 2016 and of which approximately 15 million was available as of February 23, 2017. 8:37 am Pinnacle West reports EPS in-line, misses on revs ( PNW ). Reports Q4 (Dec) earnings of 0.47 per share, in-line WITH THE CAPITAL IQ CONSENSUS OF 0.47 REVENUES ROSE 0.7 YEARYEAR TO 739 MLN VS THE 791.38 MLN CAPITAL IQ CONSENSUS. THE 2016 FOURTH-QUARTER RESULTS COMPARISON VERSUS THE SAME 2015 PERIOD WAS POSITIVELY IMPACTED BY LOWER OPERATING EXPENSES, PARTIALLY OFFSET BY LOWER RETAIL ELECTRICITY SALES. WHILE OCTOBER 2016 PROVED TO BE HOTTER THAN AVERAGE, SALES DECREASED IN THE LAST TWO MONTHS OF THE YEAR, WITH DECEMBER TURNING OUT TO BE THE THIRD MILDEST DECEMBER SINCE 1970 - A SPAN OF 46 YEARS. 8:36 AM GAPPING DOWN ( SCANX ) : Gapping down In reaction to disappointing earningsguidance: ACIA -16.6, KBR -10.2, ZOES -10, ALDR -8.7, HPE -8.2, BGS -6.2, CECO -5.7, ACHN -5.7, ACHC -5.2, ASPN -5.1, BNFT -4.8GIFI -4.6, DGI -4.6, BRFS -4.4, SPLK -4.2, PLUG -4.2, RBS -4, IMAX -3.7, NCMI -3.5, CENX -3.5, LGND -3.2, GLPG -3, NVRO -2.9HLF -2.9, (to form a JV w Tasly Holding Group ), EYEG -2.5, MGA -2.5, SWN -2.3, PEB -1.7, NSU -1.4, BIDU -1.3, SPXC -1.2, SSP -1.1RDUS -1, TWOU -1, HTGC -1, TERP -1 MampA news: HCLP -9 (acquires Permian Basin Sand, Whitehall facility and remaining interest in augusta facility for a total consideration of 415 million commences a primary public offering of 20,500,000 common units representing limited partnership interests in the Partnership) Select EU financial related names showing weakness in sympathy with RBS and Standard Chartered earnings: DB -3.1, CS -2.5, ING -2.4, BCS -1.9 Select metal producers trading lower: VALE -2.7, BBL -2.4, BHP -2.3, X -2, RIO -1.8. Select ACIA peers trading lower in sympathy: IIVI -3.7, OCLR -2.9, FNSR -1.1, IPHI -0.9, LITE -0.9, INFN -0.7, NPTN -0.5. Other news: NAO -26.8 (commences public offering of 33,333,333 common share also intends to grant the underwriters a 30-day option to purchase 5,000,000 additional common sHARES)SMCI -5.5 (RECEIVES NOTICE THAT APPLE ( AAPL ) has cut ties with co as supplier, according to The Information article)WSO -5.1 (United Technologies announces the commencement of an underwritten secondary offering of 4,235,685 shares of common stock of Watsco)NVDA -3.4 (continued weakness)PFGC -3.3 (prices 13.5 mln common stock offering by certain of its stockholders, including affiliates of The Blackstone Group ( BX ), at 23.50share)CELG -1.7 (President and COO Jackie Fouse, PH. D. to retire effective June 30, 2017 co has promoted Scott Smith to President and COO)PAGP -0.9 (upsizes offering by 8 mln shares and prices 42 mln shares of Class A shares for gross proceeds of 1.3 bln) Analyst comments: YY -2 (DOWNGRADED TO UNDERWEIGHT FROM EQUAL-WEIGHT AT MORGAN STANLEY)SFUN -1.7 (DOWNGRADED TO EQUAL-WEIGHT FROM OVERWEIGHT AT MORGAN STANLEY)RIG -1.5 (DOWNGRADED TO SELL FROM HOLD AT PARETO SECURITIES)GS -1.5 (DDOWNGRADED TO SELL FROM HOLD AT BERENBERG)HTGC -1 (DOWNGRADED TO MKT PERFORM FROM OUTPERFORM AT RAYMOND JAMES) 8:32 AM ANI PHARMA ACQUIRES INDERALXL FROM CRANFORD PHARMACEUTICALS, LLC AND INNOPRAN XL FROM HOLMDEL PHARMACEUTICALS TERMS NOT DISCLOSED ( ANIP ) : The acquired assets include the NDA and trademark for InnoPran XL including a license to an Orange Book listed patent, and a distribution license and trademark for Inderal XL as well as finished goods inventory of both products. Inderal XL and InnoPran XL are currently available in 80mg and 120mg sustained release capsules and are indicated for hypertension. Inderal XL and InnoPran XL generated combined sales of 23.3 million in calendar year 2016, according to IMS Health. The acquisitions were funded through a combination of cash and debt. In conjunction with todays announcement, ANI has immediately begun selling both Inderal XL 80mg and 120mg sustained release capsules as well as InnoPran XL 80mg and 120mg sustained release capsules under their current labels. 8:30 am SampP futures vs fair value: -10.30. Nasdaq futures vs fair value: -31.90. (:WRAPX) : The stock market is poised for a lower open on Friday as the SampP 500 futures trade ten points (0.4) below fair value. Retailers have dominated the earnings front this morning with Nordstrom (JWN 45.41, 1.47), Restoration Hardware (RH 29.15, 3.96), Foot Locker (FL 70.70, 2.12), Gap (GPS 23.90, -0.07), and JC Penney (JCP 6.67, -0.19) all reporting their quarterly results between yesterdays close and todays open. The reactions have been mixed with Nordstrom, Restoration Hardware, and Foot Locker trading higher in pre-market action. JWNs better than expected earnings have overshadowed its miss on revenues and below-consensus guidance. Meanwhile, RH is trading higher in reaction to its upbeat guidance while FLs strength stems from its above-consensus earnings results. On the flip side, JC Penney trades lower as news that the company plans to close two distribution facilities and 130-140 of its stores over the next few months has outweighed better than expected earnings per share results. Gap also shows a loss after issuing downbeat earnings guidance. The SPDR SampP 500 Retail ETF (XRT 42.87, -0.23) will be fighting to avoid its third consecutive loss in todays session. 8:29 am On The Wires (:WIRES). Harmony Gold Mining (HMY) advised that following the announcement of the Budget Speech delivered on 22 February 2017 by the Minister of Finance in South Africa, the withholding tax on dividends was increased from 15 to 20. This change will have an impact on the interim dividend that was declared payable by Harmony on 20 March 2017. The impact of this change is that the net local dividend amount decreased from 42.5 SA cents to 40 SA cents. Other arrangements for the dividend payment remains the same. Nxt-ID (NXTD) responDS TO A PRESS RELEASE ISSUED ON FEBRUARY 23, 2017, BY A LAW FIRM. YESTERDAY, THE COMPANY WAS ALERTED TO AN ANNOUNCEMENT ABOUT A LAW FIRMS INVESTIGATION INTO CERTAIN CORPORATE ACTIONS TAKEN BY SHAREHOLDERS IN 2015. THE COMPANYS BOARD OF DIRECTORS PLANS TO REVIEW THE ASSERTIONS IN THE LAW FIRMS CORRESPONDENCE AND INVESTIGATE THE SUBSTANCE OF THESE CLAIMS AND TO THEN RESPOND ACCORDINGLY. MERCK (MKGAY) ANNOUNCED THAT THE EUROPEAN COMMITTEE FOR MEDICINAL PRODUCTS FOR HUMAN USE HAS GRANTED A POSITIVE OPINION FOR THE NEW PERGOVERIS PEN. 8:29 AM GAPPING UP ( SCANX ) : Gapping up In reaction to strong earningsguidance: RH 15.5, ( guides Q4 EPS and revenues above consensus authorizes a 300 million common share repurchase program), AAOI 11.5, OLED 10.4MTZ 9.3, TPC 7.3, RMAX 6.7, SB 5.1, INWK 5.1, EGO 4.7, SGY 4.7, VICR 4.2, PSO 3.6, RDC 3.4, PACD 3.1, WMAR 3.1FL 2.7, BJRI 2.5, JWN 2.5, EBS 2.4, DYN 2.4, AL 1.9, MELI 1.8, MAIN 1.5, AGO 1.5, PEG 1.3, CLMT 1.1, INTU 1AINC 0.9, STMP 0.9 Select metalsmining stocks trading higher: SBGL 3.7, AUY 3.2, AG 3.1, SLW 2, NEM 2, IAG 1.9, ABX 1.8, GG 1.7, HMY 1.4, GDX 1.3, AU 1, Other news: CEMP 44.4 (positive topline results from a phase 3 study of oral fusidic acid )IPCI 30.2 (receives FDA approval for its ANDA for metformin hydrochloride extended release tablets)AXDX 22.2 (FDA allows marketing of the PhenoTest BC Kit, performed on the Pheno System )EARS 13 (FDA has granted Fast Track designation for AM-111)INCY 5.1 (to join SampP 500)NVLS 4.4 (announces its Phase 2 trial evaluating cavosonstat at a dose of 400 mg in adult patients with CF who were being treated w Kalydeco did not meet its primary endpoint )DFT 4.3 (announces an at-the-market program through which it may issue and sell, from time to time, up to an aggregate of 200 mln of its common shares)BATS 2.2 (higher following SampP index change announcement - CBOE to join SampP 500 after acquiring BATS)CONE 2.2 (will replace CLARCOR in the SampP MidCap 400)NUS 2 (will replace Equity One in the SampP MidCap 400)CXW 1.7 (REPORTS THAT THE DOJ REVERSES OBAMA DECISION ON PRIVATE PRISONS)GEO 1.3 (REPORTS THAT THE DOJ REVERSES OBAMA DECISION ON PRIVATE PRISONS) Analyst comments: AERI 2.6 (INITIATED WITH AN OUTPERFORM AT COWEN)HL 2 (UPGRADED TO MARKET PERFORM FROM UNDERPERFORM AT BMO CAPITAL) 8:29 AM NORDIC AMERICAN OFFSHORE PRICES 40,000,000 COMMON SHARES (UPSIZED FROM 33,333,333 MLN) AT A PUBLIC OFFERING PRICE OF 1.25SHARE ( NAO ). The Company intends to use the net proceeds of this offering for general corporate purposes and working capital purposes and for the expansion of its fleet. 8:17 am Watsco prices the offering by certain subsidiaries of United Technologies Corp. ( UTX ) of 4,235,685 shares of its stock at 144.00share ( WSO ). 8:14 am Realogy reports Q4 results ( RLGY ). Reports Q4 (Dec) earnings of 0.40 per share, 0.17 better than the Capital IQ Consensus of 0.23 revenues rose 3.4 yearyear to 1.37 bln vs the 1.34 bln Capital IQ Consensus. Reports FY16 EPS of 1.65 vs. 1.53 Capital IQ Consensus Estimate. quotOur 2016 results continued to reflect the operating challenges of strong competition for sales agents and soft demand at the high end of the housing market for NRT, quot said Richard A. Smith, Realogys chairman, chief executive officer and president. quotWhile we still have work TO DO, WE HAVE MADE GOOD PROGRESS. OUR STRATEGIC PRIORITIES ARE TO CONTINUE STRENGTHENING OUR CORE BUSINESSES WHILE FURTHER INVESTING CAPITAL TO DRIVE FUTURE GROWTH. REFLECTING OUR STRONG FREE CASH FLOW, WE ARE PLEASED TO EXPAND ON OUR CAPITAL RETURN PROGRAM THROUGH AN ADDITIONAL 300 MILLION SHARE REPURCHASE AUTHORIZATION. WE ARE CONFIDENT THAT OVER THE LONG TERM WE ARE WELL-POSITIONED TO CAPITALIZE ON FAVORABLE DEMAND CONDITIONS AND EXISTING HOMESALE VOLUME GROWTH WITHIN THE INDUSTRY. quot 8:12 am Medtronic receives CE mark for a suite of quadripolar cardiac resynchronization therapy pacemakers that also allow patients to receive MRI scans in either 1.5 or 3 Tesla machines ( MDT ). 8:11 am FelCor Lodging comments on the unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust ( AHT ) ( FCH ) : AHTs February 21, 2017 proposal follows several months of discussions between FelCor and AHT, during which FelCor repeatedly expressed numerous concerns regarding the value and structure of AHTs various proposals. Notable concerns include: proposed offer would dilute AHTs Funds From Operations (:FFO) by more than 30 (based on current consensus estimateS FOR 2017AHTS PROPOSAL FOR A ONE-YEAR GUARANTEE OF 18 MILLION IN COST AND OPERATING SYNERGIES WOULD BE MORE THAN OFFSET BY EXTERNAL MANAGEMENT FEES TO ITS EXTERNAL ADVISOR, ASHFORD INC. IN EXCESS OF 25 MILLION. A COMBINATION OF AHT AND FELCOR WOULD RESULT IN A NEW COMPANY WITH LEVERAGE OF APPROXIMATELY 8.5X EBITDA, OR APPROXIMATELY 1.5X HIGHER THAN FELCOR ON A STANDALONE BASIS, INCLUDING PREFERRED SHARES. AHTS OFFER OF THREE FELCOR-DESIGNATED SEATS ON THE AHT BOARD IS NOT COMMENSURATE WITH FELCORS 58 PRO FORMA COMBINED COMPANY OWNERSHIP 8:06 AM WESTMORELAND COAL WILL RESTATE FINANCIAL INFORMATION STEMMING FROM CHANGES IN THE ACCOUNTING FOR ITS CUSTOMER RECLAMATION RECEIVABLES ( WLB ) : This change has no impact on cos cash flow, the economic value of its contracts or its ability to collect cash for reclamation from customers. Based on a preliminary assessment, co expects the following changes to its financial statements as a result of this restatement: For the year ended December 31, 2015, an increase in revenue of 9.5 mln, an increase in accretion expense (reflected in cost of sales) of 9.1 mln, and an increase in depletion expense of 9.6 mln. For the nine months ended SePTEMBER 30, 2016, AN INCREASE IN REVENUE OF 3.4 MILLION, AN INCREASE IN ACCRETION EXPENSE (REFLECTED IN COST OF SALES) OF 8.7 MILLION, AND AN INCREASE IN DEPLETION EXPENSE OF 11.8 MILLION. THE THIRD PARTY RECLAMATION RECEIVABLE WILL NOW BE RECOGNIZED ON THE BALANCE SHEET AS LAND AND MINERAL RIGHTS. THERE IS NO IMPACT ON WESTMORELANDS ABILITY TO BE REIMBURSED FOR RECLAMATION FROM ITS CUSTOMERS. CO EXPECTS ITS ADJUSTED EBITDA TO BE HIGHER THAN PREVIOUSLY REPORTED PRIMARILY FROM THE INCREASE IN REVENUE AND THE EXCLUSION OF ACCRETION AND DEPLETION EXPENSE FROM THE CALCULATION. 8:05 AM PHARMERICA BEATS BY 0.07, BEATS ON REVS GUIDES FY17 EPS BELOW CONSENSUS, REVS ABOVE CONSENSUS ( PMC ). REPORTS Q4 (DEC) EARNINGS OF 0.58 PER SHARE, EXCLUDING NON-RECURRING ITEMS, 0.07 BETTER THAN THE CAPITAL IQ CONSENSUS OF 0.51 REVENUES ROSE 2.7 YEARYEAR TO 534.4 MLN VS THE 523.56 MLN CAPITAL IQ CONSENSUS. CO ISSUES downside EPS guidance for FY17, sees EPS of 1.75-1.95, excluding non-recurring items, vs. 2.18 Capital IQ Consensus Estimate sees upside FY17 revs of 2.3-2.4 bln vs. 2.24 bln Capital IQ Consensus Estimate. 8:04 am TearLab will effect a 1-for-10 reverse stock split will begin trading on a split-adjusted basis on Monday, February 27, 2017 ( TEAR ). 8:04 am American Railcar Industries beats by 0.18, beats on revs ( ARII ). Reports Q4 (Dec) earnings of 1.16 per share, excluding non-recurring items, 0.18 better than the Capital IQ Consensus of 0.98 revenues fell 35.8 yearyear to 167.5 mln vs the 153.14 mln Capital IQ Consensus. ARIs backlog as of December 31, 2016 was 3,813 railcars, with an estimated market value of 350.5 million. Of the total backlog, 1,637 railcars, or 43, were subject to lease with an estimated market value of 152.2 million. Adjusted EBITDA of 188.0 million, or 29.4 of revenue. 8:04 am AES agreed to acquire FTP Power LLC from Fir Tree Partners and its minority owners, for 853 million in cash pluS THE ASSUMPTION OF 724 MILLION IN NON-RECOURSE DEBT ( AES ). Co has agreed to acquire FTP Power LLC (sPower), the largest independent owner, operator and developer of utility scale solar assets in the United States, from Fir Tree Partners and its minority owneRS, FOR 853 MILLION IN CASH, PLUS THE ASSUMPTION OF 724 MILLION IN NON-RECOURSE DEBT. IN CONNECTION WITH THE TRANSACTION, AES AND AIMCO WILL EACH DIRECTLY AND INDEPENDENTLY PURCHASE AND OWN SLIGHTLY BELOW 50 EQUITY INTERESTS IN SPOWER. THE SPOWER PORTFOLIO INCLUDES 1,274 MW OF SOLAR AND WIND PROJECTS IN OPERATION OR UNDER CONSTRUCTION AND A DEVELOPMENT PIPELINE OF MORE THAN 10,000 MW LOCATED IN THE UNITED STATES. THE OPERATING ASSETS AND PROJECTS UNDER CONSTRUCTION ARE UNDER LONG-TERM POWER PURCHASE AGREEMENTS ( PPA ) with an average remaining life of 21 years. The offtakers under the PPAs have an average credit rating of A1. 8:03 am Intellipharmaceutics Intl receives FDA approval for its ANDA for metformin hydrochloride extended release tablets in the 500 mg and 750 mg strengths ( IPCI ). The Companys newly approved product is a generic equivalent for the corresponding strengths OF THE BRANDED PRODUCT GLUCOPHAGE XR SOLD IN THE UNITED STATES BY BRISTOL-MYERS SQUIBB ( BMY ) 8:03 am Flowserve appoints Jay Roueche interim Chief Financial Officer, effective immediately ( FLS ). Mr. Roueches appointment follows Karyn Ovelmens departure from the company as executive vice president and chief financial officer. Flowserve will initiate a search to identify a permanent chief financial officer under incoming president and CEO Scott Rowes direction. Jay Roueche has served as vice president, investor relatioNS AND TREASURER, SINCE OCTOBER 2012. 8:02 AM HERON THERAPEUTICS ANNOUNCES THE INCLUSION OF SUSTOL EXTENDED-RELEASE INJECTION AS PART OF THE NATIONAL COMPREHENSIVE CANCER NETWORK CLINICAL PRACTICE GUIDELINES IN ONCOLOGY FOR ANTIEMESIS VERSION 1.2017 ( HRTX ). 8:02 am Echostar Holdings beats by 0.02, reports revs in-line ( SATS ). Reports Q4 (Dec) earnings of 0.40 per share, 0.02 better than the Capital IQ Consensus of 0.38 revenues fell 6.3 yearyear to 740.4 mln vs the 742.28 mln Capital IQ Consensus. EBITDA 3 to 229 mln. 1,036,000 Hughes consumer broadband subscribers as of December 31, 2016. 8:02 am Intersect ENT receivs FDA approval for its PROPEL Contour steroid releasing sinus implant ( XENT ). Co announces it has received approval from the FDA for its PROPEL Contour steroid releasing sinus implant. PROPEL Contour features an innovative hourglass design that facilitates treatment of patients with chronic sinusitis in the frontal (behind the forehead) and maxillary (behind the cheeks) sinuses. With this approval, Intersect ENTs PROPEL family of steroid releasing implants allows for treatment of patients undergoing ethmoid, frontal or maxillary surgeries, which represent the majority of procedures for the treatment of chronic sinusitis. Co expects to launch PROPEL Contour broadly in Q2 and maintains its previously stated 2017 revenue guidance of 87-89 mln vs consensus of 87.2 mln. 8:01 am Auris Medical announces THAT THE FDA HAS GRANTED FAST TRACK DESIGNATION FOR AM-111 IN THE TREATMENT OF ACUTE SENSORINEURAL (INNER EAR) HEARING LOSS ( EARS ). Auris Medical is currently evaluating AM-111 in two Phase 3 clinical trials. The first is the HEALOS trial, which is being conducted in several European and Asian countries. HEALOS aims to enroll approximately 255 patients with severe to profound idiopathic sudden sensorineural hearing loss. Auris Medical expects to complete enrollment in the second quarter of 2017 and announce top-line results from this trial in the third quarter of 2017.Auris Medical expects to announce top-line results from the ASSENT trial in the second half of 2018. 8:01 am RMG Networks Holding converts one of its Visual Supply Chain pilots, into a contract, for the first stage of what has the potential of being a major company-wide rollout in 2017 and beyond ( RMGN ). The customer, a 10 billion global manufacturing company with 50 facilities world-wide, implemented a pilot of RMGs Visual Supply Chain solution in mid-2016, to streamline its operations by improving internal communications and productivity at its distribution centers. The success of the distribution center pilot led to a secondary project awarded in December 2016 for more than 250,000, at one of its manufacturing facilities. 8:00 am SampP futures vs fair value: -11.30. Nasdaq futures vs fair value: -31.10. (:WRAPX) : Equity futures trade solidly lower this morning following the Dows tenth straight record close on Thursday, a milestone which hasnt been achieved since 1987. The SampP 500 futures currently trade 11 points (0.5) below fair value. U. S. Treasuries trade just above their flat lines in early action, looking to post their third consecutive gain on Friday. The benchmark 10-yr yield is one basis point lower at 2.36. Conversely, crude oil has followed yesterdays big advance with a solid loss this morning. The energy component is down 0.8 at 54.03bbl ahead of todays Baker Hughes rig count data, which will be released at 1:00 pm ET. On the data front, investors will receive January New Home Sales (Briefing consensus 566,000) and the final reading of the University of Michigan Sentiment Index for February (Briefing consensus 95.8). Both reports will be released at 10:00 am ET. In U. S. corporate news: Hewlett Packard Enterprise (HPE 22.80, -1.86): -7.5 after the company missed revenue expectations and issued below-consensus earnings guidance. Foot Locker (FL 69.10, 0.52): 0.8 after reporting better than expected earnings per share results. Nordstrom (JWN 45.29, 1.35): 3.1 after a beat on earnings overshadowed a miss on revenues and disappointing guidance. JC Penny (JCP 6.55, -0.31): -4.5 despite beating bottom line estimates. It is worth noting that the company plans to close two distribution facilities and 130-140 of its stores over the next few months. Super Micro Computer (SMCI 26.10, -1.30): -4.7 after reports that Apple (AAPL 135.20, -1.33) has cut ties with the server supplier. Reviewing overnight developments: Equity indices in the Asia-Pacific region ended the week on a mixed note, but trading ranges were fairly narrow. Indias Sensex was closed for Mahashivratri. Japans Nikkei -0.5, Hong Kongs Hang Seng -0.6, Chinas Shanghai Composite 0.1.In economic data:South Koreas February Consumer Confidence ticked up to 94 from 93. Singapores January Industrial Production -6.0 month-over-month (expected -2.6 last 6.7) 2.2 year-over-year (consensus 8.4 previous 22.1)In news:Reserve Bank of Australia Governor Philip Lowe acknowledged that the global economy is on firmer footing, but noted his preference for a lower Aussie exchange rate. The Australian dollar is down 0.4 against the greenback at 0.7687.MAJOR EUROPEAN INDICES TRADE LOWER ACROSS THE BOARD. UKS FTSE -0.7, FRANCES CAC -1.3, GERMANYS DAX -1.4.IN ECONOMIC DATA:FRANCES FEBRUARY CONSUMER CONFIDENCE HELD AT 100, AS EXPECTED. UKS BBA MORTGAGE APPROVALS 44,700 (EXPECTED 41,900 LAST 43,600) ITALYS DECEMBER INDUSTRIAL NEW ORDERS 2.8 MONTH-OVER-MONTH (LAST 1.7) -0.9 YEAR-OVER-YEAR (LAST 0.1). INDUSTRIAL NEW SALES 2.6 MONTH-OVER-MONTH (LAST 2.4) 9.4 YEAR-OVER-YEAR (LAST 3.9). FEBRUARY BUSINESS CONFIDENCE 106.3 (EXPECTED 104.6 LAST 105.0) AND CONSUMER CONFIDENCE 106.6 (CONSENSUS 109.0 LAST 108.6)IN NEWS:IN GERMANY, POLLING DATA FROM INFRATEST SHOWS THAT CHANCELLOR ANGELA MERKELS CDUCSU COALITION HAS SEEN ITS SUPPORT DROP TO 31.0, FALLING BEHIND SDU, WHICH POLLED AT 32.0. 7:56 AM TELEPHONE amp DATA BEATS BY 0.13, MISSES ON REVS GUIDES FY17 REVS BELOW CONSENSUS ( TDS ). Reports Q4 (Dec) loss of 0.05 per share, 0.13 better than the two analyst estimate of (0.18) revenues rose 0.3 yearyear to 1.28 bln vs the 1.36 bln Capital IQ Consensus. Co issues downside guidance for FY17, sees FY17 revs of 5.015-5.265 bln vs. 5.29 bln Capital IQ Consensus Estimate. Operating Cash FLow 805-995 mlnAdjusted EBITDA 955-1145 mlnCapEx approx 735 mln 7:50 am TerraForm Power misses Q3 rev estimates exoects to miss 10-K for 2016 deadline and 10-Q for Q1 deadline ( TERP ). Q3 adj. EBITDA 5 to 132 mln revs 9 to 178 mln vs 194.81 mln Capital IQ Consensus CAFD -65 to 34 mln cash 540 mlnAs disclosed more fully in the Form 10-Q for 3Q 2016, with the filing of its Form 10-Q for 3Q 2016, tHE COMPANY HAS FILED ALL OF ITS PREVIOUSLY DELAYED SEC PERIODIC REPORTS, INCLUDING ITS FORM 10-K FOR 2015 AND ITS FORMS 10-Q FOR 1Q 2016, 2Q 2016, AND 3Q 2016. HOWEVER, DUE TO THE TIME AND RESOURCES REQUIRED TO COMPLETE ITS DELAYED SEC PERIODIC REPORTS, THE COMPANY HAS EXPERIENCED DELAYS IN ITS ONGOING EFFORTS TO COMPLETE ALL STEPS AND TASKS NECESSARY TO FINALIZE ITS FINANCIAL STATEMENTS AND OTHER DISCLOSURES REQUIRED FOR ITS FORM 10-K FOR 2016 AND SUBSEQUENT QUARTERLY REPORTS. THE COMPANY CURRENTLY DOES NOT EXPECT TO BE ABLE TO FILE ITS FORM 10-K FOR 2016 BY THE SEC DEADLINE OF MARCH 1, 2017 OR ITS FORM 10-Q FOR 1Q 2017 BY THE SEC FILING DEADLINE OF MAY 10, 2017. AS A RESULT, THE COMPANY WILL REQUEST FROM NASDAQ ANOTHER EXTENSION OF TIME TO REGAIN COMPLIANCE WITH APPLICABLE NASDAQ REPORTING REQUIREMENTS AND AVOID BECOMING DELISTED. NASDAQ MAY GRANT OR DENY SUCH A REQUEST IN ITS DISCRETION. 7:49 AM TELEPHONE amp DATA INCREASES QUARTERLY DIVIDEND TO 0.155SHARE FROM 0.148SHARE ( TDS ). 7:48 am Cheniere Energy Partners intends to enter into a Note Purchase Agreement to issue and sell 800 million principal amount of 5.00 Senior Secured Notes due 2037 in a private placement ( CQP ). SPL intends to use the net proceeds from the offering (after deducting the estimated fees, expenses and incremental interest during construction related to the SPL 2037 Notes) to prepay all of the principal amounts currently outstanding under SPLs credit facilities (the quot2015 SPL Credit Facilitiesquot) and to pay capital costs in connection with the construction of Trains 1 through 5 of the Sabine Pass Liquefaction Project. 7:47 am RAIT Financial Trust provides an update on comprehensive strategy amp transformation initiative to enhance shareholder value ( RAS ). Co noted they will continue to transform into a more focused, cost-efficient and lower leverage biz concentrated on its core commercial real estate lending business. Co plans to focus on the following priorities:Focus RAITs business on core middle-market commercial real estate lending business, Opportunistically divest and maximize the value of RAITs legacy owned real estate portfolio amp ultimately minimize REO holdings, opportunistically divest and maximize the value of RAITs commercial property management biz, Optimize capital STRUCTURE AND REDUCE OUTSTANDING INDEBTEDNESS, REDUCE THEIR TOTAL EXPENSE BASE, REALLOCATE CAPITAL AND CASH PROCEEDS FROM DIVESTING THEIR NON-CORE ASSETS INTO GROWING CORE MIDDLE-MARKET COMMERCIAL REAL ESTATE LENDING ACTIVITIES, amp CONTINUE DISTRIBUTING CASH TO SHAREHOLDERS ON A REGULAR BASIS THROUGH DIVIDENDS. quotWe believe our strategy of transforming RAIT into a pure-play commercial real estate lender is the right strategy to differentiate RAIT, drive sustainable earnings and, ultimately, grow long-term shareholder value. quot said Scott Davidson, RAITs Chief Executive Officer. quotAs we detail in our investor presentation and will discuss during our fourth quarter 2016 earnings call, we have achieved significant progress in 2016 in implementing our strategy and transformation initiative and look to carry that momentum into 2017.quotReminder: Co also reported earnings in a separate PRESS RELEASE - SEE 7:43 AM ET COMMENT. 7:35 AM SCRIPPS BEATS BY 0.03, BEATS ON REVS GUIDES Q1, FY17 BY SEGMENT ( SSP ). Reports Q4 (Dec) earnings of 0.46 per share, excluding non-recurring items, 0.03 better than the Capital IQ Consensus of 0.43 revenues rose 33.2 yearyear to 272.7 mln vs the 269.82 mln Capital IQ Consensus. Television In the fourth quarter of 2016, revenue from television group was 233 million, up 62.7 million or 37 percent. Retransmission revenue increased 24.7 million, and political advertising revenue was 56.2 million in the presidential election year, compared to 2.1 million in 2015.Sees Q1 TV rev flat FY17 down mid-single digits, retransmission up 20. Radio rev flat for the year down MSD for Q1 digital rev up high 30 for the year mid-20 in Q1. 7:33 am Harsco beats by 0.07, reports revs in-line guides Q1 EPS below two analyst estimate guides FY17 EPS in-line ( HSC ). Reports Q4 (Dec) earnings of 0.16 per share, 0.07 better than the Capital IQ Consensus of 0.09 revenues fell 7.0 yearyear to 360 mln vs the 357.1 mln Capital IQ Consensus. Co issues downside guidance for Q1, sees EPS of (0.01)-0.04 vs. 0.09 two analyst estimate. Co issues in-line guidance for FY17, sees EPS of 0.32-0.50 vs. 0.49 Capital IQ Consensus Estimate.2017 GAAP and Adjusted Operating Income Expected Between 100 Million and 120 Million Free Cash Flow Anticipated Within a Range of 60 Million to 80 MillionThe Companys 2017 GUIDANCE REFLECTS AN OVERALL MIXED OUTLOOK ACROSS ITS SERVICES AND PRODUCTS PORTFOLIO COMBINED WITH THE EXPECTED FINANCIAL IMPACTS FROM A STRONGER U. S. DOLLAR AGAINST VARIOUS CURRENCIES. FOR METALS amp MINERALS, ADJUSTED OPERATING INCOME IS ANTICIPATED TO BE COMPARABLE WITH 2016 AS OPERATIONAL SAVINGS, NEW SITES AND A MODEST INCREASE IN CUSTOMER STEEL OUTPUT AND COMMODITY PRICES ARE EXPECTED TO BE OFFSET BY FOREIGN EXCHANGE IMPACTS, SERVICES MIX AND LOWER NICKEL AND APPLIED PRODUCTS VOLUMES. MEANWHILE, INDUSTRIAL EARNINGS ARE PROJECTED TO SLIGHTLY INCREASE AS IMPROVED DEMAND FOR HEAT EXCHANGERS AND COMMERCIAL BOILERS ARE EXPECTED TO OFFSET A LESS FAVORABLE PRODUCT MIX AND LOWER INDUSTRIAL GRATING DEMAND, AND IN RAIL, ADJUSTED EARNINGS ARE ALSO EXPECTED TO MODESTLY INCREASE AS HIGHER CONTRIBUTIONS FROM AFTER-MARKET PARTS, INTELLIGENT SOLUTIONS OFFERINGS, AND INTERNATIONAL EQUIPMENT SALES ARE ONLY PARTIALLY OFFSET BY WEAKER NORTH AMERICAN MARKET DEMAND AND LOWER CONTRACT SERVICES CONTRIBUTIONS. 7:33 AM PUBLIC SERVICE BEATS BY 0.02 GUIDES FY17 EPS IN-LINE ( PEG ). Reports Q4 (Dec) earnings of 0.54 per share, 0.02 better than the Capital IQ Consensus of 0.52. Co issues in-line guidance for FY17, sees EPS of 2.80-3.00 vs. 2.91 Capital IQ Consensus Estimate. PSEG currently plans to invest approximately 10.2 billion over 2017 -- 2019 primarily in PSEampG (77) and PSEG Power (23). 7:31 am RAIT Financial Trust confirms receipt of a notice of nomination from from an affiliate of Highland Capital Management, L. P. regarding its intention to nominate five trustee candidates to its Board ( RAS ). 7:29 am On The Wires (:WIRES). Klondex Mines Ltd. (KLDX) provided results on the completed 2016 surface exploration drill program at its Fire Creek Mine located in northern Nevada, USA. The following drill results are not included within the mineral reserve and mineral resource estimates released on September 14, 2016. Eighteen surface holes totaling 28,721 ft (8,754.2 m) werE DRILLED DURING THE REPORTING PERIOD. THESE EXPLORATION HOLES PRIMARILY TARGETED MINERALIZATION EXTENSIONS IN THE WEST, NORTH AND EAST ZONES. HOLES FCC-0064, FCC-0065, AND FCC-0068 ARE FOLLOW-UP HOLES TO FCC-0020 (PREVIOUSLY REPORTED IN PRESS RELEASE DATED NOVEMBER 10, 2016) WHICH TARGETED A 6,500 FT (1,981.2 M) NORTH-SOUTH STRIKING GEOPHYSICAL ANOMALY LOCATED ABOUT 4,000 FT (1,219.2 M) WEST OF THE CURRENT MINE WORKINGS. WOORI BANK (WF) DISCLOSED IN A REGULATORY FILING THAT IT IS CURRENTLY REVIEWING A POTENTIAL CONVERSION OF ITS STRUCTURE TO A HOLDING COMPANY STRUCTURE FOR ITS IMPROVEMENT OF MANAGEMENT EFFICIENCIES AND DIVERSIFICATION OF BUSINESS OFFERINGS HOWEVER, NO DECISIONS HAVE BEEN MADE AS OF THIS DATE. IN MAKING SUCH DECISION, WOORI BANK WILL COMPREHENSIVELY CONSIDER THE RELATED ISSUES FROM THE PERSPECTIVE OF ALL STAKEHOLDERS, INCLUDING SHAREHOLDERS AND CUSTOMERS, AND WILL PROVIDE ADDITIONAL DISCLOSURE AS NECESSARY. 7:28 AM TRANSDIGM GROUP TO OFFER AN ADDITIONAL 300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.500 SENIOR SUBORDINATED NOTES DUE 2025 IN A PRIVATE OFFERING ( TDG ). Co intends to use the net proceeds from the offering of the Notes for general corporate purposes, which may include potential future acquisitions, dividends and purchases under its stock repurchase program, as well as to replenish approximately 90 million of cash on its balance sheet used to fund the acquisition of SCHROTH Safety Products GmbH and certain aviation and defense assets and liabilities from subsidiaries of Takata Corporation on February 22, 2017. 7:19 am European Markets Update: FTSE -0.7, CAC -1.3, DAX -1.4 (:SUMRX) : Major European indices trade lower across the board with Germanys DAX (-1.4) showing relative weakness. Todays underperformance in the DAX comes after the index spent the past two days just below its record high from early 2015. Also of note, polling data from Infratest shows that Chancellor Angela Merkels CDUCSU coalition has seen its support drop to 31.0, falling behind SDU, which polled at 32.0. In economic data: Frances February Consumer Confidence held at 100, as expected. UKs BBA Mortgage Approvals 44,700 (expected 41,900 last 43,600) Italys December Industrial New Orders 2.8 month-over-month (last 1.7) -0.9 year-over-year (last 0.1). Industrial New Sales 2.6 month-over-month (last 2.4) 9.4 year-over-year (last 3.9). February Business Confidence 106.3 (expected 104.6 last 105.0) and Consumer Confidence 106.6 (consensus 109.0 last 108.6) ---Equity Markets--- UKs FTSE is lower by 0.7 with miners and financials shOWING RELATIVE WEAKNESS. RIO TINTO, GLENCORE, BHP BILLITON, ANTOFAGASTA, ANGLO AMERICAN, AND FRESNILLO ARE DOWN BETWEEN 1.4 AND 3.6. FINANCIALS LIKE RBS, STANDARD CHARTERED, fx, RSA INSURANCE, AND LLOYDS BANKING SHOW LOSSES BETWEEN 1.1 AND 3.9. FRANCES CAC HAS GIVEN UP 1.3 AMID BROAD WEAKNESS. ARCELORMITTAL IS THE WEAKEST COMPONENT, FALLING 4.2, WHILE OTHER GROWTH-SENSITIVE NAMES LIKE SAINT GOBAIN, LAFARGEHOLCIM, SOLVAY, AND TECHNIP ARE DOWN BETWEEN 2.6 AND 3.3. AUTOMAKERS PEUGEOT AND RENAULT SHOW RESPECTIVE LOSSES OF 3.0 AND 2.0. GERMANYS DAX TRADES DOWN 1.4. BASF HAS SURRENDERED 3.1 WHILE COMMERZBANK AND DEUTSCHE BANK ARE DOWN 2.8 AND 1.9, RESPECTIVELY. BMW, CONTINENTAL, AND DAIMLER ARE DOWN BETWEEN 1.3 AND 2.0 WHILE VOLKSWAGEN OUTPERFORMS WITH A LOSS OF 0.1. 7:16 AM CAMBER ENERGY ANNOUNCES THAT ITS NEWLY FORMED SUBSIDIARY, CAMBER PERMIAN II LLC, HAS ENTERED INTO A DEFINITIVE PURCHASE AND SALE AGREEMENT WITH PRIVATE SELLERS TO ACQUIRE OIL AND GAS LEASES COVERING APPROX. 15,500 GROSS ACRES (13,000 NET ACRES) IN THE PERMIAN BASIN FOR 11.03 MLN ( CEI ). The Permian Basin, also known as quotThe Arrowhead Projectquot, covers a contiguous block of acreage across the Yoakum and Cochran County line of the Permian BASIN AND INCLUDES A COMPLETED HORIZONTAL SAN ANDRES WELL AND A SALT-WATER DISPOSAL WELL, BOTH CURRENTLY SHUT-IN. CPII WILL PUT THE SAN ANDRES WELL BACK INTO PRODUCTION ONCE THE SALT-WATER DISPOSAL WELL IS PLACED INTO SERVICE. THE TRANSACTION, WHICH IS TARGETED TO CLOSE ON OR BEFORE MARCH 30, 2017, IS SUBJECT TO, AMONG OTHER THINGS, CERTAIN PURCHASE PRICE ADJUSTMENTS PURSUANT TO TITLE CONFIRMATION AND A CUSTOMARY DUE DILIGENCE INVESTIGATION. CONCURRENTLY WITH THE EXECUTION OF THE PSA, CPII ALSO ENTERED INTO AN EXPLORATION AGREEMENT WITH CERTAIN UNDISCLOSED JOINT-VENTURE PARTNERS. THIS AGREEMENT GIVES CPII ACCESS TO THE PROPRIETARY TECHNICAL, GEOLOGIC DATABASE OVER THE ARROWHEAD PROJECT. AS CONSIDERATION, THE JOINT-VENTURE PARTNERS HAVE THE OPTION TO OWN UP TO A 10 WORKING INTEREST, 5 OF WHICH IS CARRIED IN THE LEASE ACQUISITION. CPII WILL OWN THE REMAINING 90 TO 95 WORKING INTEREST IN THE LEASEHOLD AND WILL CONTROL OPERATORSHIP OF THE SUBJECT PROPERTIES. 7:15 AM GENMAB AS CONFIRMS CHMP OF THE EMA ISSUED A POSITIVE OPINION RECOMMENDING BROADENING THE EXISTING MARKETING AUTHORIZATION FOR DARZALEX IN THE EU ( GMXAY ) : The recommendation is for the use of DARZALEX (daratumumab) in combination with lenalidomide and dexamethasone, or bortezomib and dexamethasone, for the treatment of adult patients with multiple myeloma who have received at least one prior therapy. In August 2012, Genmab granted Janssen Biotech, Inc. (JNJ) an exclusive worldwide license to develop, manufacture and commercialize daratumumab. 7:10 am Novartis AG confirms the CHMP adopted a positive opinion recommending approval of Tafinlar in combination with Mekinist to treat patients with advanced or metastatic non - small cell lung cancer whose tumors express the BRAF V600 mutation. ( NVS ). 7:08 am J. C. Penney beats by 0.03, reports revs in-line guides FY18 EPS in-line with flat comps plans to close 13-14 of stores ( JCP ). Reports Q4 (Jan) earnings of 0.64 per share, excluding non-recurring items, 0.03 better than the Capital IQ Consensus of 0.61 revenues fell 0.9 yearyear to 3.96 bln vs the 3.97 bln Capital IQ Consensus. Comparable store sales were (0.7) for the quarter. Reported holiday comps down 0.8 and reaffirmed FY17 EBITDA in early January. Home, Sephora, Salon and Fine Jewelry were the Companys top performing merchandise divisions during the quarter. Geographically, the Southeast and Pacific were the best performing regions of the country. For the fourth quarter, gross margin was 33.1 of sales vs. 34.3 ESTIAMTES, A 100 BASIS POINT DECLINE COMPARED TO THE SAME PERIOD LAST YEAR. GROSS MARGIN WAS IMPACTED PRIMARILY BY INCREASED PROMOTIONAL ACTIVITY DURING THE QUARTER, COUPLED WITH THE CONTINUED GROWTH IN BOTH ONLINE AND MAJOR APPLIANCES. CO ISSUES IN-LINE GUIDANCE FOR FY18, SEES EPS OF 0.40-0.65, EXCLUDING NON-RECURRING ITEMS, VS. 0.58 CAPITAL IQ CONSENSUS ESTIMATE. COMPARABLE STORE SALES: EXPECTED TO BE -1 TO 1, JUST BELOW ESTIMATES GROSS MARGIN: EXPECTED TO BE UP 20 TO 40 BASIS POINTS VERSUS 2016 SGampA DOLLARS: EXPECTED TO BE DOWN 1 TO 2 VERSUS 2016. ACHIEVES 1 BILLION IN EBITDA FOR FULL YEAR A 477 MILLION IMPROVEMENT. CO EXPECTS TO CLOSE TWO DISTRIBUTION FACILITIES AND APPROX. 130-140 STORES OVER THE NEXT FEW MONTHS EXPECTS ANNUAL COST SAVINGS OF APPROX. 200 MLN RELATED TO THE CLOSURES (6.86) THE TOTAL STORE CLOSURES REPRESENT 13-14 OF ITS CURRENT STORE PORTFOLIO, LESS THAN 5 OF TOTAL ANNUAL SALES, LESS THAN 2 OF EBITDA AND 0 OF NET INCOME. 7:03 AM MATTERSIGHT ANNOUNCES A PRIVATE PLACEMENT OF 5.33 MLN SHARES OF COMMON STOCK FOR GROSS PROCEEDS OF 16 MLN ABOUT 5.23 MLN TO BE SOLD AT 3.00SHARE amp 100K AT 3.45SHARE ( MATR ). Proceeds from the private placement are expected to be used for general corporate and working capital purposes. 7:01 am Cempra announces positive topline results from a phase 3 study of oral fusidic acid in 716 patients with acute bacterial skin and skin structure infections (:ABSSSI) fusidic acid met primary endpoint and secondary efficacy endpoints ( CEMP ) : quotWe are excited that the results of this phase 3 study with fusidic acid confirm the results of our phase 2 study and are consistent with the more than 40 years of experience that the product has accumulated outside the United States. We look forward to meeting with the FDA to discuss the next steps required to bring fusidic acid to patients in the United States, quot said David Oldach, M. D. chief medical ofFICER OF CEMPRA. FUSIDIC ACID WAS WELL TOLERATED IN THE STUDY. THE RATES OF TREATMENT-EMERGENT ADVERSE EVENTS (TEAES) WERE COMPARABLE BETWEEN TREATMENT GROUPS (37.9 PERCENT FUSIDIC ACID, 36.1 PERCENT LINEZOLID). THE MOST COMMON TEAES IN BOTH TREATMENT GROUPS WERE GASTROINTESTINAL EVENTS (22.8 PERCENT FUSIDIC ACID, 18.2 PERCENT LINEZOLID). SERIOUS ADVERSE EVENTS (SAES) OCCURRED IN SIX FUSIDIC ACID RECIPIENTS AND EIGHT LINEZOLID RECIPIENTS, AND WERE CONSIDERED STUDY-DRUG RELATED IN ONE FUSIDIC ACID RECIPIENT (VOMITING) AND IN TWO LINEZOLID RECIPIENTS (ONE DRUG INDUCED LIVER INJURY, ONE VOMITING). ADVERSE EVENTS LED TO STUDY DRUG DISCONTINUATION IN 2.2 PERCENT OF FUSIDIC ACID RECIPIENTS, AND 2.0 PERCENT OF LINEZOLID RECIPIENTS. THERE WAS ONE DEATH IN THE STUDY, AN EVENT DUE TO ILLICIT DRUG OVERDOSE AND ASPIRATION WHICH OCCURRED IN A PATIENT RECEIVING LINEZOLID. RATES OF TREATMENT-EMERGENT ALT ELEVATION TO gt3X ULN OCCURRED IN 1.0 PERCENT OF FUSIDIC ACID RECIPIENTS AND 0.7 PERCENT OF LINEZOLID PATIENTS. 7:00 AM J. C. PENNEY EXPECTS TO CLOSE TWO DISTRIBUTION FACILITIES AND APPROX. 130-140 STORES OVER THE NEXT FEW MONTHS EXPECTS ANNUAL COST SAVINGS OF APPROX. 200 MLN RELATED TO THE CLOSURES ( JCP ) : The total store closures represent 13-14 of its current store portfolio, less than 5 of total annual sales, less than 2 of EBITDA and 0 of net income. The stores identified for closure either require significant capital to achieve its new brand standard or are minimally cash flow positive today relative to its overall consolidated average. Comparable sales performance for the closing stores was significantly below the remaining store base and these stores operate at a much higher expense rate given the lack of productivity. Once cycled, these closures are expected to be net income neutral. The annual cost savings resulting from these strategic decisions, primarily occupancy, payroll, home office support, corporate administration and other store-related expenses, are estimated at 200 mln. During the 1H17, co expects to record an estimated pre-tax charge of 225 mln, primarily lease termination obligation expenses, non-cash asset impairments and transition costs, in connection with this initiative. Nearly all impacted stores are expected to close in 2Q17. 6:58 am Asian Markets Close: Nikkei -0.5, Hang Seng -0.6, Shanghai 0.1 (:SUMRX) : Equity indices in the Asia-Pacific region ended the week on a mixed note, but trading ranges were fairly narrow. Reserve Bank of Australia Governor Philip Lowe acknowledged that the global economy is on firmer footing, but noted his preference for a lower Aussie exchange rate. The Australian dollar is down 0.4 against the greenback at 0.7687. In economic data: South Koreas February Consumer Confidence ticked up to 94 from 93. Singapores January Industrial Production -6.0 month-over-month (expected -2.6 last 6.7) 2.2 year-over-year (consensus 8.4 previous 22.1) ---EQUITY MARKETS--- JAPANS NIKKEI LOST 0.5, BUT GAINED 0.3 FOR THE WEEK. GROWTH-SENSITIVE NAMES STRUGGLED IN RESPONSE TO SPECULATION THAT AN INFRASTRUCTURE SPENDING BILL IN THE US WILL BE DELAYED. KOMATSU, SUMITOMO HEAVY INDUSTRIES, MITSUBISHI MATERIALS, KOBE STEEL, FURUKAWA, HITACHI CONSTRUCTION, AND PACIFIC METALS LOST BETWEEN 2.9 AND 5.4. ON THE UPSIDE, TOSHIBA SPIKED 4.5 TO CONTINUE ITS RECENT VOLATILE STRETCH. HONG KONGS HANG SENG LOST 0.6 TO END THE WEEK LOWER BY 0.3. APPLE SUPPLIER AAC TECHNOLOGIES WAS THE WEAKEST PERFORMER, FALLING 4.7. FINANCIALS LIKE BOC HONG KONG, PING AN INSURANCE, BANK OF CHINA, AND HSBC LOST BETWEEN 0.8 AND 1.5. CHINAS SHANGHAI COMPOSITE TICKED UP 0.1, EXTENDING ITS WEEKLY GAIN TO 1.6. CHINA SOUTHERN AIRLINES, CHINA WORLD TRADE CENTER, BESTTONE HOLDINGS, AND CHINA EASTERN AIRLINES CLIMBED BETWEEN 3.5 AND 5.7. INDIAS SENSEX WAS CLOSED FOR MAHASHIVRATRI. ---FX--- USDJPY -0.3 TO 112.34 USDCNY 0.1 TO 6.8715 USDINR -0.1 TO 66.618 6:55 AM MOODYS FILES FOR DEBT OFFERING SIZE UNDISCLOSED ( MCO ). 6:52 am Foot Locker beats by 0.05, reports revs in-line sees mid-single digit comps and double-digit EPS growth this year ( FL ). Reports Q4 (Jan) earnings of 1.37 per share, 0.05 better than the Capital IQ Consensus of 1.32 revenues rose 5.3 yearyear to 2.11 bln vs the 2.11 bln Capital IQ Consensus. Q4 comparable-store sales increased 5.0. Total sales increased 5.3 percent, to 2,113 million this year, compared with sales of 2,007 million for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the fourth quarter increased 6.1 percent. The Companys GROSS MARGIN RATE IMPROVED TO 33.7 PERCENT OF SALES FROM 33.6 PERCENT A YEAR AGO, AND THE SELLING, GENERAL, AND ADMINISTRATIVE EXPENSE RATE IMPROVED 60 BASIS POINTS TO 18.7 PERCENT OF SALES. quotAlthough we currently face a softer sales environment than at this time last year, we are planning for a mid-single digit comparable sales gain and a double-digit earnings per share increase for the full year of 2017.quot Consensus calls for EPS 9.3 to 5.27share. 6:50 am Rowan Cos beats by 0.17, beats on revs ( RDC ). Reports Q4 (Dec) earnings of 0.08 per share, excluding a 0.27 per share loss on extinguishment of 463.9 mln of debt, 0.17 better than the Capital IQ Consensus of (0.09) revenues fell 34.3 yearyear to 351.8 mln vs the 343.7 mln Capital IQ Consensus. Rev decline was driven by a 41 decline in the Deepwater segment and a 30 decline in the Jack-up segment. The Deepwater decline resulted from Rowan Relentless being idle and Rowan Resolute operating at a reduced day rate due to the blend and extend amendment to its contract. Jack-up revenues were impacted by lower utilization and lower day rates. 6:50 am Comstock misses by 0.40 ( CRK ). Reports Q4 (Dec) loss of 2.58 per share, 0.40 worse than the Capital IQ Consensus of (2.18)stock produced 62 Bcfe or 169 million cubic feet equivalent (quotMMcfequot) per day during 2016. Natural gas production grew 13 in 2016 to 53.7 Bcf while oil production decreased by 55 to 1.4 million barrels. Natural gas comprised 87 of ComsTOCKS 2016 TOTAL PRODUCTION AS COMPARED TO 72 OF TOTAL PRODUCTION IN 2015. PRODUCTION IN THE FOURTH QUARTER OF 2016 WAS 14 BCFE OR 153 MMCFE PER DAY, WHICH WAS COMPRISED OF 3,217 BARRELS OF OIL AND 133 MILLION CUBIC FEET (quotMMcfquot) of natural gas. The production decline in the fourth quarter was primarily attributable to the suspension of the drilling program in June 2016, which was restarteD IN THE FOURTH QUARTER, THE COMPANYS DIVESTITURE OF CERTAIN NATURAL GAS PROPERTIES IN THE FOURTH QUARTER, AND THE SHUT-IN OF CERTAIN OF THE COMPANYS HAYNESVILLE SHALE PRODUCTION FOR OFFSET COMPLETION ACTIVITY. COMSTOCK CURRENTLY PLANS TO DRILL 20 (15.5 NET) ADDITIONAL HAYNESVILLE SHALE WELLS IN 2017 AND COMPLETE THE 2016 WELLS AT AN ESTIMATED CAPITAL OUTLAY OF 142.9 MILLION. COMSTOCK HAS BUDGETED AN ADDITIONAL 7.0 MILLION FOR OTHER NON - DRILLING EXPENDITURES. THE COMPANY ALSO HAS TENTATIVELY BUDGETED AN ADDITIONAL 17.6 MILLION FOR TWO (1.7 NET) BOSSIER SHALE WELLS THAT MAY BE DRILLED IN LATE 2017 DEPENDING ON NATURAL GAS PRICES. THESE WELLS WOULD FURTHER PROVE UP THE BOSSIER SHALE POTENTIAL OF ITS PROPERTIES DEMONSTRATED BY THE SUCCESSFUL JORDAN WELL DRILLED IN 2015. 6:48 AM SOUTH JERSEY INDUSTRIES IN SLIDES PLANS 1.7 BLN OF CAPEX FROM 2016-2020, PLANS 2017 CAPEX OF 316 MLN ( SJI ). planned capex for 2018 of 472 mlnplanned capex for 2019 of 353 mlnplanned capex for 2020 of 259 mln 6:47 am Asanko Gold publishes updated mineral resource and reserve estimate measured and indicated resources of 7.34 million ounces at 1.44 gt au and inferred resources of 1.43 million ounces at 1.43 gt au, as of December 31 ( AKG ). Mineral Resource Estimate includes updated constraining parameters, in line with best practice. Proven and Probable Mineral Reserves of 4.82 million ounces at 1.57 gt Au, post Nkran mining depletion of 270,471 ounces, representing NO MATERIAL CHANGE TO THE GLOBAL RESERVE INVENTORY. INCREASED EXPLORATION PROGRAM IN HIGHLY PROSPECTIVE BELT EXPECTED TO ADD ADDITIONAL OUNCES IN 2017. 6:46 AM DAIMLER AGS MERCEDES-BENZ VANS UNIT REPORTS FY16 RESULTS ( DDAIF ). For FY16, Daimlers van division handed over a total of approximately 359,100 vans and multipurpose vehicles to its customers, representing growth of 12 (2015: 321,000). Revenue also increased by about 12 percent to 12.8 billion euros (2015: 11.5 billion euros). Mercedes-Benz Vans EBIT actually rose by a third to EUR 1,170 mln (plus approximately 33 percent from 880 million euros in 2015) and were for the first time above one bILLION EUROS. RETURN ON SALES ALSO INCREASED SIGNIFICANTLY COMPARED WITH THE PREVIOUS YEAR TO 9.1 PERCENT (2015: 7.7 PERCENT) AND WAS THUS AT THE TARGETED LEVEL. A SIGNIFICANT PART OF THE INVESTMENT BY MERCEDES-BENZ VANS IN 2017 WILL BE FOR THE ONGOING MODERNIZATION AND EXPANSION OF THE WORLDWIDE PRODUCTION NETWORK -- ESPECIALLY IN VIEW OF PREPARATIONS FOR THE NEW MODELS. THIS YEAR THE DIVISION WILL INVEST APPROXIMATELY 260 MILLION EUROS AT THE GERMAN SPRINTER PLANTS IN DSSELDORF AND LUDWIGSFELDE ALONE. 6:44 AM SAMSUNG INTRODUCES MEASURES TO ENHANCE TRANSPARENCY IN FINANCIAL DONATIONS ( SSNLF ). Board Approval for Donations Over 1 Billion Won: All financial donations and CSR funding amounting to more than 1 billion won will require the approval from the companys Board of Directors. This is to enhance the transparency of the managemenT OF SUCH DONATIONS AND FUNDS AND TO STRENGTHEN THE COMPLIANCE BY REQUIRING THE APPROVAL OF THE BOARD, WHICH IS COMPRISED OF A MAJORITY OF OUTSIDE DIRECTORS. TO DATE, THE COMPANY ONLY REQUIRED BOARD APPROVAL FOR ENDOWMENTS THAT WERE MORE THAN 0.5 OF THE COMPANYS SHAREHOLDER EQUITY. CURRENTLY, 0.5 OF THE SHAREHOLDER EQUITY IS APPROXIMATELY 680 BILLION WON. 6:37 AM ARES MANAGEMENT MISSES BY 0.03, BEATS ON REVS ( ARES ). Reports Q4 (Dec) earnings of 0.34 per share, 0.03 worse than the Capital IQ Consensus of 0.37 revenues rose 124.6 yearyear to 358.2 MLN VS THE 334.3 MLN TWO ANALYST ESTIMATE. TOTAL ASSETS UNDER MANAGEMENT OF 95.3 BILLION, OR 98.9 BILLION PRO FORMA FOR ARES CAPITALS (quotARCCquot) acquisition of American Capital, Ltd. (quotACASquot) which closed on January 3, 2017. quotDuring 2016, we continued to enjoy widespread demand from our existing and new clients with approximately 14 billion in AUM raised, quot said Michael Arougheti, President of Ares. quotLooking forward, we are well positioned for fee related earnings growth aS WE INCREASE OUR FEE PAYING AUM BY INVESTING OUR AVAILABLE CAPITAL AND BENEFIT FROM RECENT STRATEGIC INITIATIVES. quot 6:35 am Royal Bank of Canada beats by CAD 0.05, misses on revs ( RY ). Reports Q1 (Jan) earnings of CAD 1.83 per share, excluding non-recurring items, CAD 0.05 better than the CAPITAL IQ CONSENSUS OF CAD 1.78 REVENUES ROSE 2.0 YEARYEAR TO CAD 9.55 BLN VS THE CAD 9.79 BLN CAPITAL IQ CONSENSUS. ADJ ROE WAS 16.7 (UP 120 BPS FROM 15.5).CO ANNOUNCES THAT JENNIFER TORY, CURRENTLY GROUP HEAD PERSONAL amp COMMERCIAL BANK WILL ASSUME THE ROLE OF CHIEF ADMINISTRATIVE OFFICER. NEIL MCLAUGHLIN, CURRENTLY EXECUTIVE VICE-PRESIDENT, BUSINESS FINANCIAL SERVICES, PampCB WILL BECOME GROUP HEAD PampCB, REPLACING MS. TORY. 6:35 AM AIA GROUP REPORTS FY16 RESULTS ( AAGIY ). Co reports FY16 EPS up 15 to 0.3325.share. quotThe Board has recommended a further step up of 25 per cent in the 2016 final dividend from our higher base in 2015 to 63.75 Hong Kong cents per share. This dividend uplift reflects our excellent financial performance and our confidence in the future outlook for the Groupquot 6:34 am Harvest Natural sells all of its Gabon interests to BW Energy Gabon for 32 mln ( HNR ). At the closing of the sale, BW Energy Gabon will pay Harvest 32 million, subject to certain adjustments. 2.5 million of the purchase price will be deposited in escrow for three months to satisfy certain post-closing claims under the Sale and Purchase Agreement. 6:34 am Cabot Oil amp Gas reports EPS in-line, misses on revs reiterates full year production guidance ( COG ). Reports Q4 (Dec) earnings of 0.01 per share, in-line with the Capital IQ Consensus of 0.01 revenues rose 12.7 yearyear to 316.5 mln vs the 350.92 mln Capital IQ Consensus. Equivalent production in the fourth quarter of 2016 was 164.2 Bcfe, consisting of 158.6 Bcf of natural gas, 822.7 Mbbls of crude oil and condensate, and 106.5 Mbbls of NGLs. Equivalent production increased nine percent sequentially compared to the THIRD QUARTER OF 2016 AND WAS IN LINE WITH THE HIGH-END OF THE COMPANYS GUIDANCE RANGE FOR THE QUARTER. quotDespite our lowest level of capital spending since 2004, Cabot grew proved reserves and proved developed reserves by five percent and 16 percent, respectively, at record-low finding and development costs, quot explained Dinges. quotWe expect a return to double-digit reserve growth in 2017 as the Company increases its capital spending in anticipation of new takeaway capacity out of the Marcellus Shale. quot Q1 guidance: Cabot has provided first quarter 2017 net production guidance of 1,780 to 1,820 million cubic feet (Mmcf) per day for natural gas 10,000 to 10,500 Bbls per day for crude oil and condensate and 1,200 to 1,250 Bbls per day for NGLs. Reiterates full year production guidance: The Company has reiterated its 2017 production growth guidance range of 5 to 10 percent and initiated crude oil production growth guidance of 15 percent, which represents a substantial increase from the zero percent oil growth contained in the preliminary 2017 budget issued in October 2016. Based on the expectation for higher operating cash flow due to an improvement in the commodity price outlook, the Company is increasing its exploration and production (EampP) capital budget from 575 million to 650 million. 6:34 am Materialise reports EPS in-line, misses on revs guides FY17 revs below consensus ( MTLS ). Reports Q4 (Dec) earnings of 0.01 per share, in-line with the Capital IQ Consensus of 0.01 revenues rose 12.3 yearyear to 31.48 mln vs the 32.57 mln Capital IQ Consensus. quotThe additive manufacturing market continues to evolve, particularly in the direction of end part production, and we intend to continue positioning Materialise to benefit from this promising growth market in the coming years. Our strategic priorities for 2017 are to sustain our leADERSHIP POSITION IN SOFTWARE THROUGH CONTINUED INNOVATION AND STRATEGIC PARTNERSHIPS TO DRIVE THE NEXT STAGE OF GROWTH IN OUR MEDICAL DIVISION THROUGH OUR FOCUS ON THE HOSPITAL MARKET TO CONTINUE INCREASING OUR MANUFACTURING OF END PARTS AND TO ENABLE THE DEVELOPMENT OF ADDITIVE MANUFACTURING IN SPECIFIC VERTICAL MARKETS. WE ANTICIPATE DELIVERING SALES AND ADJUSTED EBITDA MARGIN EXPANSION IN 2017 WHILE REINVESTING EFFICIENCY GAINS IN SELECTED BUSINESS DEVELOPMENT INITIATIVES. quotCo issues downside guidance for FY17, sees FY17 revs of 128-134 mln vs. 135.38 mln Capital IQ Consensus Estimate expects Adjusted EBITDA between 10,500 - 13,500 kEURquotAs the seasonality of our Materialise Manufacturing segment and our software businesses are expected to combine with the effects of the ramp up of the partnerships we entered into in the past months, we expect our financial results to be particularly strong in the third quarter and even stronger in the fourth quarter. We expect the amount of deferred revenue that Materialise geneRATES FROM ANNUAL LICENSES AND MAINTENANCE IN 2017 TO INCREASE BY AN AMOUNT BETWEEN 4,000 - 5,000 KEUR. quot 6:33 am VolitionRx presents data a the World Congress of GI ENDO from a study that confirms prior test results that the Nu. Q Colorectal Cancer Screening Triage test reduces the total number of colonoscopy referrals while maintaining high sensitivity for cancer detection ( VNRX ). 6:32 am MAGELLAN HEALTH BEATS BY 0.12, MISSES ON REVS GUIDES FY17 EPS IN-LINE, REVS IN-LINE ( MGLN ). Reports Q4 (Dec) earnings of 1.80 per share, EXCLUDING NON-RECURRING ITEMS, 0.12 better than the Capital IQ Consensus of 1.68 revenues fell 0.4 yearyear to 1.26 bln vs the 1.33 bln Capital IQ Consensus. Co issues IN-LINE GUIDANCE FOR FY17, SEES EPS OF 5.08-5.99, EXCLUDING NON-RECURRING ITEMS, VS. 5.52 CAPITAL IQ CONSENSUS ESTIMATE SEES FY17 REVS OF 5.8-6.1 BLN VS. 5.9 BLN CAPITAL IQ CONSENSUS ESTIMATE. SEGMENT PROFIT FOR THE YEAR ENDED DECEMBER 31, 2016 INCREASED 9.5 PERCENT TO 301.8 MILLION, WHICH REFLECTS YEAR OVER YEAR EARNINGS GROWTH IN BOTH THE HEALTHCARE AND PHARMACY MANAGEMENT SEGMENTS. 6:32 AM NEWELL BRANDS REAFFIRMS ITS FY 17 OUTLOOK AHEAD OF CAGNY CONFERENCE SEES NET SALES OF 14.52-14.72 BLN VS 14.67 BLN CONSENSUS AND ADJ. EPS OF 2.95-3.15 VS 3.01 CONSENSUS ( NWL ) : FY 17 Outlook Net sales of 14.52-14.72 bln vs 14.67 bln consensusCore sales growth of 2.5-4Adj. EPS of 2.95-3.15 vs 3.01 consensus 6:32 am Stone Energy announces that the Co received approval to list its new common stock on the New York Stock Exchange under the same NYSE ticker symbol SGY following emergence from Chapter 11 reorganization ( SGY ). 6:31 am Performance Food Group prices 13.5 mln common stock offering by certain of its stockholders, including affiliates of The Blackstone Group ( BX ), at 23.50share ( PFGC ). 6:19 am Toshiba reports notice on conclusion of absorption-type company split agreement in respect of the memory business ( TOSBF ). Co concluded an absorption-type company split agreement, and wishes to announce the information on matters that remain undecided. The Company announced, on January 27, 2017, that the Memory business of the Storage amp Electronic Devices Solutions Company, one of its in-house companies, will be separated from the Company by a company split. The Company Split is subject to approval at the extraordinARY GENERAL MEETING OF SHAREHOLDERS SCHEDULED FOR MARCH 30, 2017. AT THE SAME TIME, AS STATED IN ITS FEBRUARY 14, 2017 ANNOUNCEMENT, quotProvisional Outlook for FY2016 3Q Business Results and FY2016 Forecast, and Outline of Loss in Nuclear Power Business and Countermeasures, quot impairment loss of goodwill in the Nuclear Power business in FY2016 could reach 712.5 billion yen, and this will lead to a significant deterioration of the financial position, although the disclosed figures are still being reviewed by an independent accounting auditor. Given this, Toshiba Group urgently needs to enhance its financial structure, and Toshiba is considering various capital measures. In connection with the Company Split, as a means to further secure management resources for growth of the Memory business, and to enhance the financial structure of Toshiba Group, Toshiba is considering a restructuring with third-party capital, including potential sale of a majority stake. Toshiba will commence the procedure promptly, aiming to make a final decision in early FY2017.Co also decided to transfer Miike Power Plant, a coal-fired power generation business operated by Sigma Power Ariake Corporation, a subsidiary of Sigma Power Holdings Limited Liability Company, a wholly-owned consolidated subsidiary of Toshiba, to the IDI Infrastructure 3 Limited Liability Partnership managed by IDI infrastructures Inc, an energy and infrastructure business investment fund. 6:14 am DigitalGlobe: MacDonald, Dettwiler and Associates confirms it will acquire DigitalGlobe for 35share in cash amp stock ( DGI ) : MacDonald, Dettwiler and Associates Ltd. and DigitalGlobe announced they have entered into a definitive merger agreement, pursuant to which MDA will acquire DigitalGlobe for 35.00 per share in a combination of cash and stock. The transaction values DigitalGlobe at an equity value of approximately 2.4 billion, and an enterprise value of 3.6 billion, including assumption of DigitalGlobes 1.2 billion in net debt. The transaction has been unanimously approved by the boards of directors of both companies, and is expected to close in the second half of 2017. Under the terms of the agreement, each DigitalGlobe common share will be exchanged for 17.50 in cash and 0.3132 MDA COMMON SHARES, REPRESENTING A PER SHARE VALUE OF 17.50 BASED ON MDAS UNAFFECTED CLOSING SHARE PRICE OF C73.40 ON THE TORONTO STOCK EXCHANGE ON FEBRUARY 16, 2017, THE DAY PRIOR TO MARKET SPECULATION ABOUT A POTENTIAL COMBINATION, AND A CUS EXCHANGE RATIO OF 0.7612. THE TOTAL CASH AND STOCK PER SHARE VALUE CONSIDERATION REPRESENTS AN 18 PREMIUM BASED ON DIGITALGLOBES UNAFFECTED CLOSING STOCK PRICE ON THE NEW YORK STOCK EXCHANGE (:NYSE) ON FEBRUARY 16, 2017. As part of the transaction, MDA will apply to list its shares on the NYSE in addition to the TSX. Upon completion of the transaction, the combined Company will continue to execute its U. S. Access Plan strategy. This will include fURTHER REORGANIZATION OF ALL OR PART OF THE COMBINED COMPANYS CORPORATE AND OPERATING STRUCTURE TO ENSURE THAT THE ULTIMATE PARENT OF DIGITALGLOBE IS INCORPORATED IN THE U. S. BY THE END OF 2019, SUBJECT TO CUSTOMARY APPROVALS. MDA UNDERTOOK A CORPORATE REORGANIZATION IN 2016 THAT INCLUDED THE FORMATION OF SSL MDA HOLDINGS, INC. THE U. S. OPERATING COMPANY OF MDA, UNDER THE GUIDANCE AND APPROVAL OF THE U. S. DEPARTMENT OF DEFENSE. SSL MDA HOLDINGS CURRENTLY OPERATES UNDER A SECURITY CONTROL AGREEMENT WITH DOD, ALLOWING IT TO PURSUE AND EXECUTE U. S. GOVERNMENT PROGRAMS THAT REQUIRE SECURITY CLEARANCES. 6:12 am Calumet Specialty Products reports Q4 EPS below consensus ( CLMT ). Co reports Q4 EPS of (1.01) vs (0.56) Capital IQ Consensus. For fiscal year 2017, the Partnership expects throughput to increase as it continues to optimize its use of heavy crude oil in conjunction with increasing the efficiency and utilization of its assets. Total capital spending for fiscal year 2017 is expected to range from 120 million and 140 million. The Partnership remains on schedule to achieve its 150 million to 200 million operations excellence initiative objectives by the end of 2018, with a projected 40 million to 60 million expected to be realized during fiscal year 2017. 6:10 am DigitalGlobe misses by 0.28, beats on revs guides FY17 revs above consensus announceS COMBINATION WITH MACDONALD, DETTWILER AND ASSOCIATES ( DGI ). Reports Q4 (Dec) GAAP loss of 0.17 per share, 0.28 worse than the Capital IQ GAAP Consensus of 0.11 revenues rose 6.1 yearyear to 192.7 mln vs the 186.05 mln Capital IQ Consensus. Co issues upside guidance for FY17, sees FY17 revs of 840-865 mln vs. 831.44 mln Capital IQ Consensus Estimate sees Adjusted EBITDA in a range of 380 million to 395 million sees Capital expenditures of approximately 100 millionquotOur improved results reflect solid execution against our strategy for shareowner value creation and position us well for 2017. We look forward to continued profitable growth as we expand our International Defense and Intelligence business with assured access to our newest high resolution satellite, develop new commercial use cases, expand our rapidly growing geospatial big data analytics platform, and realize the full potential of our services business with the addition of Radiant. Furthermore, we are pleased to have reached an agreement to combine with MDA as we separately disclosed today. quotBriefing note: The company has yet to issue the formal release announcing its combination with MacDonald, Dettwiler and Associates, and no terms of the deal were disclosed in their earnings PR 6:07 am Del Friscos Restaurant beats by 0.04, reports revs in-line gUIDES FY17 EPS BELOW CONSENSUS INCREASES REMAINING STOCK REPURCHASE PROGRAM TO 50 MLN ( DFRG ). Reports Q4 (Dec) earnings of 0.37 per share, excluding non-recurring items, 0.04 better than the Capital IQ Consensus of 0.33 revenues rose 4.5 yearyear to 119.2 mln vs the 118.94 mln Capital IQ Consensus. Total comparable restaurant sales increased 0.8parable restaurant sales increased 0.1 at Del Friscos Double Eagle Steak House comprised of a 0.5 increase in average check and 0.4 decrease in cuSTOMER COUNTSPARABLE RESTAURANT SALES INCREASED 0.9 AT SULLIVANS STEAKHOUSE COMPRISED OF A 1.5 DECREASE IN AVERAGE CHECK AND 2.4 INCREASE IN CUSTOMER COUNTSPARABLE RESTAURANT SALES INCREASED 2.1 AT DEL FRISCOS GRILLE COMPRISED OF A 1.5 INCREASE IN AVERAGE CHECK AND 0.6 INCREASE IN CUSTOMER COUNTS. CO ISSUES downside guidance for FY17, sees EPS of 0.80-0.84, excluding non-recurring items, vs. 0.87 Capital IQ Consensus Estimate. Co sees FY17 total comparable restaurant sales of -0.5 to 0.5.Co sees one Del Friscos Double Eagle Steak House and one Del Friscos Grille opening in FY17.Co sees two Sullivans Steakhouse closings in FY17.Co sees FY17 cost of sales of 27.8 to 28.2 of consolidated revenues. Co sees FY17 restaurant-level EBITDA of 21.1 to 21.4 of consolidated revenues. 6:07 am HMS HoLDINGS BEATS BY 0.01, MISSES ON REVS GUIDES FY17 REVS IN-LINE ( HMSY ). Reports Q4 (Dec) earnings of 0.20 per share, 0.01 better than the Capital IQ Consensus of 0.19 revenues fell 0.3 yearyear to 128.1 mln vs the 130.86 mln Capital IQ Consensus. Q4 Share Repurchases of 20.5 mlnCo issues in-line guidance for FY17, sees FY17 revs of 7-9 YoY to 530.7-540.6 mln vs. 532.22 mln Capital IQ Consensus Estimate. including high teens commercial health plan growth 6:07 am KBR misses by 0.77, reports revs in-line guides FY17 EPS in-line ( KBR ). Reports Q4 (Dec) loss of 0.59 per share, excluding non-recurring items, 0.77 worse than the Capital IQ Consensus OF 0.18 REVENUES ROSE 10.2 YEARYEAR TO 1.19 BLN VS THE 1.2 BLN CAPITAL IQ CONSENSUS. CO ISSUES IN-LINE GUIDANCE FOR FY17, SEES EPS OF 1.10-1.40, EXCLUDING NON-RECURRING ITEMS, VS. 1.31 CAPITAL IQ CONSENSUS ESTIMATE. THE EXPECTED EBITDA RANGE FOR 2017, WHICH IS ON THE SAME BASIS AS THE EPS GUIDANCE, IS 300-350 MILLION. OVER 70 OF OUR PROJECTED EARNINGS IS EXPECTED FROM CONTRACTS ALREADY SECURED IN OUR BACKLOG AT YEAR-END 2016. OUR ESTIMATED ANNUAL EFFECTIVE TAX RATE FOR 2017 IS PROJECTED TO BE APPROXIMATELY 27 GIVEN THE MIX OF EARNINGS IN THE VARIOUS TAX JURISDICTIONS IN WHICH KBR CONDUCTS BUSINESS. 6:03 AM VWR CORP BEATS BY 0.01, MISSES ON REVS GUIDES FY17 EPS IN-LINE, REVS BELOW CONSENSUS ( VWR ). Reports Q4 (Dec) earnings of 0.45 per share, excluding non-recurring items, 0.01 better than the Capital IQ Consensus of 0.44 revenues rose 1.6 yearYEAR TO 1.13 BLN VS THE 1.15 BLN CAPITAL IQ CONSENSUS. ON AN ORGANIC BASIS, NET SALES INCREASED 10.8 MILLION, OR 1.0, WHILE RECENT ACQUISITIONS INCREASED NET SALES BY AN ADDITIONAL 24.3 MILLION, OR 2.2.CO ISSUES GUIDANCE FOR FY17, SEES EPS OF 1.79-1.87, EXCLUDING NON-RECURRING ITEMS, VS. 1.81 CAPITAL IQ CONSENSUS ESTIMATE SEES FY17 REVS OF 4.56-4.61 BLN VS. 4.66 BLN CAPITAL IQ CONSENSUS ESTIMATE. 6:02 AM NET 1 UEPS TECHS RECEIVES A WRITTEN CONFIRMATION FROM SASSA THAT A FORMAL MEETING HAS BEEN SCHEDULED FOR MARCH 1, 2017 TO DISCUSS THE PAYMENT OF SOCIAL GRANTS BEYOND MARCH 31, 2017 WHEN THE CURRENT CONTRACT BETWEEN CPS AND SASSA TERMINATES ( UEPS ). 6:01 am Hilton Hotels authorizes 1 bln stock repurchase program and approves a 0.15 quarterly dividend also announces name change to Hilton Inc. ( HLT ). 5:56 am SampP futures vs fair value: -5.30. Nasdaq futures vs fair value: -19.60. 5:56 am European Markets. FTSE. 7230.36. -41.00. -0.60. DAX. 11856.94. -90.90. -0.80. 5:56 am Asian Markets. Nikkei. 19284. -87.90. -0.50. Hang Seng. 23966. -149.20. -0.60. 5:51 am Boise Cascade beats by 0.15, revs in-line ( BCC ). Reports Q4 (Dec) earnings of 0.11 per share, 0.15 better than the Capital IQ Consensus of (0.04) revenues increased 5 yearyear to 919.5 mln vs the 920.58 mln Capital IQ Consensus. Co anticipates capital spending, excluding acquisitions, of 75-85 mln during 2017, inclusive of the work being completed at Roxboro. 5:47 am Celgene receives EC approval for new indication for REVLIMID ( CELG ) : Celgene International Srl, a wholly-owned subsidiary of Celgene, announced that the European Commission has approved REVLIMID as monotherapy for the maintenance treatment of adult patients with newly diagnosed multiple myeloma who have undergone autologous stem cell transplantation The REVLIMID Marketing Authorisation has been updated to include this new indication, which expands on the existing multiple myeloma indications as combination therapy for the treatment of those not eligible for transplant who are newly diagnosed, or have received at least one prior therapyThe EC decision to approve REVLIMID as monotherapy for multiple myeloma in the post-ASCT setting was based on the results of two cooperative group-led studies, CALGB 1001049 and IFM 2005-02.10CALGB 100104 was a phase III, controlled, double-blind, multi-centre study of 460 patients with newly diagnosed multiple myeloma undergoing ASCT who were randomized to receive continuous daily treatment with REVLIMID or placebo until relapse or intolerance. IFM 2005-02 was an international, phase III, controlled, double-blind, multi-centre study of 614 patients newly diagnosed with multiple myeloma who were randomized to receive a 2-month consolidation regimen post-ASCT of REVLIMID monotherapy, followed by continuous daily treatment with either REVLIMID or placebo until relapse or intolerance 5:20 am On The Wires (:WIRES). Sony (SNE) announced that it will transfer certain rights and obligations related to shares of Sony Interactive Entertainment Europe, a wholly-owned subsidiary of Sony, and its related business, to Sony Interactive Entertainment, a wholly-owned subsidiary of Sony, by an quotabsorption-type company splitEricsson (ERIC), Orange (ORAN) and PSA Group (PEUGF) have taken a significant step towards the realization of 5G technology for connected vehICLES AFTER CONDUCTING FIELD TRIALS TO TEST ADVANCED APPLICATIONS IN FRANCE. TO SUPPORT DIRECT COMMUNICATIONS TESTING, THE quotTowards 5Gquot initiative looks forward to welcoming Qualcomm (QCOM), as a new member. The9 Limited (NCTY) received a written notification from the Nasdaq Stock Market indicating that the Co no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares, because the market value was below the minimum requirement of 15 mlnToyota Motor (TM) delivered the first fuel cell bus sold under the Toyota brand to the Bureau of Transportation of the Tokyo Metropolitan Government. This FC bus will be put into operation as a Toei route bus in March along with a second bus that is scheduled for delivery in the same month. Qunar Cayman Islands (QUNR) announced that, at an extraordinary general meeting, the Companys shareholders voted in favor of, among others, the proposal to authorize and approve the previously announced agreement and plan of merger dated as of October 19, 2016, by and among the Company, Ocean Management Holdings Ericsson (ERIC) and WeDo Technologies have formed a global partnership to give operators the confidence they need when exploring digital services. This new solution from the two companies means operators can proactively safeguard new revenue streams, assure healthy MARGINS AND MINIMIZE RISKS IN A VERY DYNAMIC ECOSYSTEM. CHINA YUCHAI INTERNATIONAL (CYD) ANNOUNCED THAT 321 UNITS OF XIAMEN KINGLONG BUSES HAVE BEEN PURCHASED BY THE SAUDI ARABIA PUBLIC TRANSPORT COMPANY FOR USE IN MECCA. 5:17 AM MAGNA MISSES BY 0.11, REPORTS REVS IN-LINE GUIDES FY17 REVS IN-LINE ( MGA ). Reports Q4 (Dec) earnings of 1.24 per share, 0.11 worse than the Capital IQ Consensus of 1.35 revenues rose 8.0 yearyear to 9.25 bln vs the 9.21 bln Capital IQ Consensus. This strong year over year growth was achieved despite both North American and European light vehicle production decreasing 4 compared to the fourth quarter of 2015. Complete vehicle assembly volumes decreased 70, largely reflecting the end of production of the MINI Countryman and Paceman in the fourth quarter of 2016. Co issues in-line guidance for FY17, sees FY17 revs of 36.0-37.0 bln vs. 36.98 bln Capital IQ Consensus Estimate. FY17 Total Production Sales: 30.4 - 31.7 billionEBIT Margin: 3:29 am On The Wires (:WIRES). Prologis (PLD) and CBRE Global Investment Partners, a division of CBRE Global Investors announced the formation of a new development venture in the United Kingdom. Gemalto (GTOMY) and MPT are extending their partnership. MPT has acquired Gemaltos Device Management and Advanced Over-The-Air, in a bid to strengthen the relationship with its subscribers and expand its service portfolios. 3:27 am Prima Biomed reports H1 operational update reports cash position sufficient through 1Q18 ( PBMD ) : Co announce the following updates on our clinical applications of IMP321: AIPAC (Active Immunotherapy PAClitaxel), completed the safety-run in phase in December 2016. The randomized phase started in January 2017 with 30 mg of IMP321 as the recommended phase 2 dose. First patients have been recruited and we plan to open further clinical sites in the near term to ramp up the pATIENT RECRUITMENT. IN TOTAL, THE TRIAL AIMS TO RECRUIT UP TO 226 PATIENTS IN A RANDOMIZED, PLACEBO-CONTROLLED, DOUBLE BLIND SETTING. TACTI-MEL (TWO ACTIVE IMMUNOTHERAPEUTICS IN MELANOMA), OUR AUSTRALIAN MELANOMA TRIAL IS PROGRESSING WELL WITH THE FIRST PATIENT COHORT OF THIS PHASE 1 DOSE ESCALATION STUDY COMPLETED IN DECEMBER 2016. THE SECOND COHORT, RECEIVING 6 MG OF IMP321, IS UNDERWAY AND ALREADY 4 OUT OF 6 PATIENTS HAVE BEEN SUCCESSFULLY TREATED NO DOSE LIMITING TOXICITY HAS YET BEEN REACHED. FINANCIALS AS A RESULT OF CAREFUL FINANCIAL MANAGEMENT, PRIMA REMAINS IN A SOLID FINANCIAL POSITION WITH 15.5 MLN CASH AS OF MID-FEBRUARY 2017. BASED ON OUR FORECAST, THE CURRENT OPERATIONAL CASH REACH HAS BEEN EXTENDED TO END OF FIRST QUARTER CALENDAR YEAR 2018. 3:24 AM ON THE WIRES (:WIRES). THE AUTOMOTIVE INFORMATION SHARING AND ANALYSIS CENTER (AUTO-ISAC) WELCOMES BOSCH, COOPER STANDARD, HONEYWELL (HON), HYUNDAI MOBIS, LEAR CORP (LEA), LG ELECTRONICS (LGEAF) AND NXP SEMICONDUCTORS (NXPI) AS ORIGINAL EQUIPMENT SUPPLIER MEMBERS. THE INCLUSION OF THESE COMPANIES EXEMPLIFIES AUTO-ISACS CONTINUED EFFORTS TO PROMOTE COLLABORATION BETWEEN TIER 1 SUPPLIERS AND AUTOMOBILE MANUFACTURERS AROUND VEHICLE CYBERSECURITY. THE COURT OF QUEENS BENCH OF NEW BRUNSWICK HAS APPROVED MARINE HARVEST (MHG) AS THE PURCHASER OF THE ASSETS OWNED BY THE GRAY AQUA GROUP OF COMPANIES. MARINE HARVEST IS PLEASED WITH THE DECISION AND LOOKS FORWARD TO DETAIL A PRODUCTION PLAN AND INVESTMENT FRAMEWORK FOR THE EAST COAST OF CANADA. 3:22 AM PLAINS GP UPSIZES OFFERING BY 8 MLN SHARES AND PRICES 42 MLN SHARES OF CLASS A SHARES FOR GROSS PROCEEDS OF 1.3 BLN ( PAGP ). 3:21 am Accelerate DiagnosticsAccelerate Pheno System and Accelerate PhenoTest BC Kit receives FDA Marketing Authorization ( AXDX ) : Co announced that the FDA has granted the de novo request to market the Accelerate Pheno system and Accelerate PhenoTest BC kit for identification and antibiotic susceptibility testing of pathogens directly from positive blood culture samples. The blood culture kit is indicated for susceptibility testing of specific pathogenic bacteria commonly associated with bacteremia, the leading cause of sepsis. The Accelerate clinical study included more than 39,000 tests conducted on 1,850 samples across 13 trial sites and exceeded the requirements of the FDA for identification and antimicrobial susceptibility testing. The study showed overall sensitivity of 97.4 and specificity of 99.3 for identification. For susceptibility, overall essential and categorical agreement versus standard broth microdilution was 96.3 and 96.4 respectively 3:16 am South Jersey Industries beats by 0.01 ( SJI ). Reports Q4 (Dec) earnings of 0.42 per share, 0.01 better than the Capital IQ Consensus of 0.41.Customer additions remain a strong driver of margin growth, and we expect this growth to continue as we strategically target marketing and sales resources where co has the greatest opportunities for conversions. For the year ended December 31, 2016, our customer count increased by 4,525, bringing our total number of customers served to 377,625.