China Jan CPI rose at an +0.8% y/y pace, less than expectations of +1.0% y/y and the slowest pace of increase in 5 years. Jan PPI fell at a -4.3% y/y pace, a steeper drop than expectations of -3.8% y/y and the fastest pace of decline in 5-1/4 years.
UK Jan BRC sales like-for like rose +0.2% y/y, less than expectations of +0.5% y/y.
UK Dec industrial production fell -0.2% m/m, a bigger decline than expectations of -0.1% m/m. On an annual basis, Dec industrial production rose +0.5% y/y, right on expectations.
UK Dec manufacturing production rose +0.1% m/m and +2.4% y/y, better than expectations of -0.1% m/m and +2.0% y/y.
The Japan Dec tertiary industry index unexpectedly fell -0.3% m/m, weaker than expectations of unch m/m and matched the July 2014 decline as the largest decrease in 8 months.
Equity conferences during the remainder of this week include: Stifel, Nicolaus Technology, Internet & Media Conference on Mon-Tue, BIO CEO & Investor Conference on Tue, Credit Suisse Financial Services Forum on Tue-Wed, Stifel Transportation and Logistics Conference on Tue-Wed, Goldman Sachs Technology & Internet Conference on Tue-Thu, Aviation Festival Asia on Wed-Thu, Bank of America Merrill Lynch Insurance Conference on Wed-Thu, Leerink Swann Global Health Care Conference on Wed-Thu, Bank of America Merrill Lynch Rates and Currencies Risk Management Conference on Wed-Thu, BB&T Capital Markets Transportation Services Conference on Wed-Thu, and Morgan Stanley Chemicals Corporate Access Day on Thu.
Reynolds American (RAI -0.80%) reported Q4 EPS of 87 cents, right on consensus.
Regeneron Pharmaeuticals (REGN -1.75%) reported Q4 EPS of $2.79, below consensus of $2.82.
Wyndham Worldwide (WYN -1.27%) reported Q4 EPS of 90 cents, higher than consensus of 84 cents.
Molson Coors Brewing (TAP -1.06%) reported Q4 EPS of 55 cents, below consensus of 69 cents.
Bank of NY Mellon reported 7.72% passive stake in Dun & Bradstreet (DNB -1.78%) .
Crown Holdings (CCK -0.72%) reported Q4 adjusted EPS of 48 cents, right on consensus.
Pembroke Management reported a 6.83% passive stake in Healthstream (HSTM -0.49%) and a 7.85% passive stake in Franklin Covey (FC -1.60%) .
Molina Healthcare (MOH -2.36%) reported Q4 EPS of 69 cents, higher than consensus of 61 cents.
Franklin Resources reported a 5.7% passive stake in Sensient (SXT -5.61%) .
Aeropostale (ARO +5.18%) surged over 15% in after-hours trading after it reported Q4 revenue of $594.5 million, better than consensus of $577.67 million, and then raised guidance on Q4 EPS to a loss of -1 cent to -6 cents, better than consensus of -27 cents.
Urban Outfitters (URBN -0.44%) rose over 7% in after-hours trading after it reported Q4 revenue of $1.01 billion, above consensus of $997.69 million.
The Gap (GPS -1.65%) fell over 1% in after-hours trading after it reported January same-store-sales were down 3% versus positive 1% last year.
Mar 10-year T-notes (ZNH15 -0.27%) this morning are down -7.5 ticks at a 1-week low. Mar 10-year T-note futures prices on Monday closed lower. Closes: TYH5 -3.50, FVH5 -3.25. Bearish factors included (1) negative carry-over from Friday’s stronger-than-expected U.S. Jan payrolls report that brings the Fed closer to raising interest rates, and (2) supply pressures with the Treasury set to auction $64 billion of T-notes and T-bonds in the week’s Feb quarterly refunding.
The dollar index (DXY00 +0.26%) this morning is up +0.367 (+0.39%). EUR/USD (^EURUSD) is down -0.0048 (-0.42%). USD/JPY (^USDJPY) is up +0.32 (+0.27%). The dollar index on Monday closed lower: Dollar index -0.249 (-0.26%), EUR/USD +0.0014 (+0.12%), USD/JPY -0.486 (-0.41%). Bearish factors included (1) strength in EUR/USD which recovered from a 1-week low and closed higher after Eurozone Feb Sentix investor confidence rose to a 9-month high, and (2) comments from Treasury Secretary Lew that fueled long liquidation in the dollar when he said that the strength of the dollar will be discussed at the G-20 meeting currently underway in Istanbul.
Mar WTI crude oil (CLH15 -1.02%) this morning is down -64 cents (-1.21%) and Mar gasoline (RBH15 -0.29%) is down -0.0103 (-0.65%). Mar crude oil and Mar gasoline on Monday closed higher: CLH5 +1.17 (+2.26%), RBH5 +0.0147 (+0.94%). Bullish factors included (1) the weaker dollar, (2) carry-over support from Friday’s data from Baker Hughes that showed operating U.S. oil rigs in the week ended Feb 6 fell to a 3-1/4 year low of 1,140, and (3) the ongoing strike by the United Steelworkers union, which represents employees at more than 200 refineries and 10% of U.S. refining output, which may lead to reduced gasoline and distillate output.
|US||0815 ET||Richmond Fed President Jeffrey Lacker speaks on the economy at an event in Raleigh, North Carolina.|
|1000 ET||Dec wholesale inventories expected +0.1% m/m, Nov +0.8% m/m. Dec wholesale trade sales, Nov -0.3% m/m.|
|1000 ET||Dec JOLTS job openings expected +18,000 to 4.990 million, Nov +142,000 to 4.972 million.|
|1200 ET||USDA Feb WASDE crop production.|
|1300 ET||Treasury auctions $24 billion 3-year T-notes.|
|EUR||0400 ET||ECB Chief Economist and Bank of Portugal Governor Peter Praet and ECB Governing Council member Carlos Costa speak at a conference in Lisbon on Financial Stability and Macro-Prudential Policy.|
|UK||0430 ET||UK Dec industrial production expected -0.1% m/m and +0.5% y/y, Nov -0.1% m/m and +1.1% y/y.|
|0430 ET||UK Dec manufacturing production expected -0.1% m/m and +2.0% y/y, Nov +0.7% m/m and +2.7% y/y.|
|Martin Marietta Materials Inc||MLM US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.821|
|Omnicom Group Inc||OMC US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||1.254|
|PG&E Corp||PCG US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.66|
|Regeneron Pharmaceuticals Inc||REGN US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||2.816|
|Wyndham Worldwide Corp||WYN US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.844|
|Coca-Cola Co/The||KO US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.421|
|Molson Coors Brewing Co||TAP US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.688|
|HCP Inc||HCP US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.77|
|Starwood Hotels & Resorts Worldwide Inc||HOT US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.755|
|Reynolds American Inc||RAI US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||0.869|
|CVS Health Corp||CVS US||Bef-mkt||Q4 2014 Earnings Release||Q4 2014||1.203|
|Sealed Air Corp||SEE US||7:00||Q4 2014 Earnings Release||Q4 2014||0.474|
|Dun & Bradstreet Corp/The||DNB US||8:00||Q4 2014 Earnings Call||Q4 2014|
|Omnicom Group Inc||OMC US||8:30||Q4 2014 Earnings Call||Q4 2014|
|Regeneron Pharmaceuticals Inc||REGN US||8:30||Q4 2014 Earnings Call||Q4 2014|
|Wyndham Worldwide Corp||WYN US||8:30||Q4 2014 Earnings Call||Q4 2014|
|Sealed Air Corp||SEE US||8:30||Q4 2014 Earnings Call||Q4 2014|
|CVS Health Corp||CVS US||8:30||Q4 2014 Earnings Call||Q4 2014|
|Reynolds American Inc||RAI US||9:00||Q4 2014 Earnings Call||Q4 2014|
|Coca-Cola Co/The||KO US||9:30||Q4 2014 Earnings Call||Q4 2014|
|Starwood Hotels & Resorts Worldwide Inc||HOT US||10:30||Q4 2014 Earnings Call||Q4 2014|
|PG&E Corp||PCG US||11:00||Q4 2014 Earnings Call||Q4 2014|
|Molson Coors Brewing Co||TAP US||11:00||Q4 2014 Earnings Call||Q4 2014|
|HCP Inc||HCP US||12:00||Q4 2014 Earnings Call||Q4 2014|
|Molson Coors Brewing Co||TAP US||13:00||Q4 2014 Earnings Call - Follow-up Session||C4 2014|
|Martin Marietta Materials Inc||MLM US||14:00||Q4 2014 Earnings Call||Q4 2014|
|Western Union Co/The||WU US||16:00||Q4 2014 Earnings Release||Q4 2014||0.339|
|Akamai Technologies Inc||AKAM US||16:30||Q4 2014 Earnings Call||Q4 2014|
|Western Union Co/The||WU US||16:30||Q4 2014 Earnings Call||Q4 2014|
|Cerner Corp||CERN US||16:30||Q4 2014 Earnings Call||Q4 2014|
|Pioneer Natural Resources Co||PXD US||Aft-mkt||Q4 2014 Earnings Release||Q4 2014||0.936|
|FMC Technologies Inc||FTI US||Aft-mkt||Q4 2014 Earnings Release||Q4 2014||0.785|
|Genworth Financial Inc||GNW US||Aft-mkt||Q4 2014 Earnings Release||Q4 2014||-0.194|
|Akamai Technologies Inc||AKAM US||Aft-mkt||Q4 2014 Earnings Release||Q4 2014||0.633|
|Cerner Corp||CERN US||Aft-mkt||Q4 2014 Earnings Release||Q4 2014||0.467|