Commodity prices are mixed. Jun crude oil (CLM15 +0.13%) is down -0.03% and Jun gasoline (RBM15 -0.27%) is down -0.39%. Metals prices are mixed. Jun gold (GCM15 -0.42%) is down -0.60%. Jul copper (HGN15 +0.12%) is up +0.29%. Agriculture prices are mixed.
The dollar index (DXY00 +0.10%) is up +0.02%. EUR/USD (^EURUSD) is down -0.15%. USD/JPY (^USDJPY) is down -0.28%.
Jun T-note prices (ZNM15 +0.11%) are down -5.5 ticks at a 1-3/4 month low on negative carry-over from a slide in global bond markets. The yield on the 10-year Germany bund jumped to a 4-3/4 month high on .777% and has surged over 60 bp in the past week.
According to two officials who spoke on conditions of anonymity, ECB officials want progress at Monday's meeting of Eurozone finance ministers with Greece in reaching an agreement with international creditors or they will consider tightening Greek banks' access to emergency liquidity. One official said that are prepared to raise haircuts, the discounts imposed on collateral pledged by Greek banks in return for funding, to levels seen last year.
There are 17 of the S&P 500 companies that report earnings today with notable reports including: Priceline (consensus $7.74), NVIDIA (0.34), CA (0.50), Monster Beverage (0.68), CBS (0.75), Molson Coors Brewing (0.68).
U.S. IPO's scheduled to price today include: International Market Centers (IMC), Bojangles Inc (BOJA), Anterios (ANTE), NephroGenex (NRX), Hemishere Media Group (HMTV), Aldeyra Therapeutics (ALDX).
Equity conferences during the remainder of this week include: Baird Growth Stock Conference on Tue-Thu, Deutsche Bank Health Care Conference on Wed-Thu, ICI General Membership Meeting on Wed-Thu, Citi Car of the Future Conference on Thu, Mitsubishi UFJ Securities Oil & Gas Conference on Thu, and RBC Capital Markets Mobile & Cloud Networking Investor Day on Thu.
Children's Place (PLCE +7.78%) was upgraded to 'Neutral' from 'Sell' at Goldman Sachs.
Energy Transfer Equity (ETE -1.90%) reported Q1 EPS of 52 cents, well below consensus of 70 cents.
General Cable (BGC -0.92%) reported Q1 adjusted EPS of 35 cents, much better than consensus for a -13 cent loss.
Babcock & Wilcox (BWC +0.44%) reported Q1 adjusted EPS of 47 cents, higher than consensus of 43 cents.
Transocean (RIG +0.05%) reported Q1 adjusted EPS of $1.10, well above consensus of 60 cents.
Chesapeake Energy (CHK -7.19%) was downgraded to 'Neutral' from 'Buy' at SunTrust.
Pioneer Natural Resources (PXD -1.93%) was upgraded to 'Buy' from 'Neutral' at SunTrust with a price target of $190.
Tesla (TSLA -1.08%) rose nearly 2% in pre-market trading after it reported a Q1 EPS loss of -36 cents, a smaller loss than consensus of-50 cents.
Activision Blizzard (ATVI +2.16%) reported Q1 EPS of 16 cents, more than double consensus of 7 cents.
Prudential (PRU +0.36%) reported Q1 adjusted EPS of $2.79, well above consensus of $2.38.
MetLife (MET -0.63%) reported Q1 operating EPS of $1.44, above consensus of $1.41, but Q1 operating revenue of $17.03 billion was less than consensus of $17.53 billion.
Whole Foods Market (WFM +0.40%) slid 12% in after-hours trading after it reported Q2 EPS of 44 cents, higher than consensus of 43 cents, although Q2 revenue of $3.65 billion was below consensus of $3.70 billion.
21st Century Fox (FOXA -0.71%) reported Q3 EPS of 47 cents, above consensus of 39 cents.
Keurig Green Mountain (GMCR -1.75%) fell 12% in after-hours trading after it reported Q2 EPS of $1.03, below consensus of $1.05.
Jun 10-year T-notes (ZNM15 +0.11%) this morning are down -5.5 ticks to a new 1-3/4 month low. Wednesday's closes: TYM5 -10.50, FVM5 -4.50. Jun T-notes on Wednesday fell to a 1-3/4 month low on carry-over weakness from the plunge in German bund prices to a 4-month low and on Fed Chair Yellen's comment that long-term interest rates are low and could jump when they Fed begins to raise interest rates.
The dollar index (DXY00 +0.10%) this morning is up +0.019 (+0.02%). EUR/USD (^EURUSD) is down -0.0017 (-0.15%). USD/JPY (^USDJPY) is down -0.33 (-0.28%). Wednesday's closes: Dollar Index -0.989 (-1.04%), EUR/USD +0.0162 (+1.45%), USD/JPY -0.388 (-0.32%). The dollar index on Wednesday fell sharply to a 2-1/2 month low on the weaker-than-expected Apr ADP employment report, which may delay a Fed rate hike. Meanwhile, EUR/USD climbed to a 2-1/4 month high after the Eurozone Apr Markit composite PMI was revised higher by +0.4 to 53.9.
Jun WTI crude oil (CLM15 +0.13%) this morning is down -2 cents (-0.03%) and Jun gasoline (RBM15 -0.27%) is down -0.0079 (-0.39%). Wednesday's closes: CLM5 +0.53 (+0.88%), RBM5 -0.0380 (-1.84%). Jun crude oil and gasoline prices on Wednesday settled mixed with Jun crude at a 4-3/4 month high. Crude oil prices were boosted by the unexpected -3.88 million bbl decline in EIA crude inventories, the first decline in 17 weeks. In addition, U.S. crude oil production fell by -4,000 bpd, which was the third decline in the past four weeks. Gasoline closed lower after news that U.S. fuel consumption fell to an 11-month low of 18.196 million bpd.
|US||0730 ET||Apr Challenger job cuts, Mar +6.4% y/y.|
|0830 ET||Weekly initial unemployment claims expected +17,000 to 279,000, previous -34,000 to 262,000. Weekly continuing claims expected +17,000 to 2.270 million, previous -74,000 to 2.253 million.|
|0830 ET||USDA weekly Export Sales.|
|1500 ET||Mar consumer credit expected +$15.800 billion, Feb +$15.516 billion.|
|GER||0200 ET||German Mar factory orders expected +1.5% m/m and +1.9% y/y, Feb -0.9% m/m and -1.3% y/y.|
|0330 ET||German Apr Markit construction PMI, Mar 53.3.|
|UK||0400 ET||UK Apr new car registrations, Mar +6.0% y/y.|
|n/a||UK general election.|
|CHI||n/a||China Apr trade balance expected +$39.60 billion, Mar +$3.08 billion. Apr exports expected +1.9% y/y, Mar 15.0% y/y. Apr imports expected -12.2% y/y, Mar -12.7% y/y.|
|Becton Dickinson and Co||BDX US||Bef-mkt||Q2 2015 Earnings Release||Q2 2015||1.535|
|PPL Corp||PPL US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.684|
|Molson Coors Brewing Co||TAP US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.449|
|Sigma-Aldrich Corp||SIAL US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||1.08|
|Regeneron Pharmaceuticals Inc||REGN US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||2.682|
|Ameren Corp||AEE US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.369|
|Teradata Corp||TDC US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.418|
|Scripps Networks Interactive Inc||SNI US||Bef-mkt||Q1 2015 Earnings Release||Q1 2015||0.919|
|Priceline Group Inc/The||PCLN US||7:00||Q1 2015 Earnings Release||Q1 2015||7.742|
|L Brands Inc||LB US||7:30||April 2015 Sales and Revenue Call||2015|
|Priceline Group Inc/The||PCLN US||7:30||Q1 2015 Earnings Call||Q1 2015|
|Apache Corp||APA US||8:00||Q1 2015 Earnings Release||Q1 2015||-0.595|
|Becton Dickinson and Co||BDX US||8:00||Q2 2015 Earnings Call||Q2 2015|
|United Parcel Service Inc||UPS US||8:00||Annual General Meeting|
|DTE Energy Co||DTE US||8:00||Annual General Meeting||Y 2015|
|MetLife Inc||MET US||8:00||Q1 2015 Earnings Call||Q1 2015|
|PPL Corp||PPL US||8:30||Q1 2015 Earnings Call||Q1 2015|
|Regeneron Pharmaceuticals Inc||REGN US||8:30||Q1 2015 Earnings Call||Q1 2015|
|E*TRADE Financial Corp||ETFC US||8:30||Annual General Meeting||Y 2015|
|Teradata Corp||TDC US||8:30||Q1 2015 Earnings Call||Q1 2015|
|CVS Health Corp||CVS US||9:00||Annual General Meeting||Y 2015|
|Tesoro Corp||TSO US||9:00||Annual General Meeting||Y 2015|
|Marathon Oil Corp||MRO US||9:00||Q1 2015 Earnings Call||Q1 2015|
|CF Industries Holdings Inc||CF US||9:00||Q1 2015 Earnings Call||Q1 2015|
|Verizon Communications Inc||VZ US||9:30||Annual General Meeting|
|St Jude Medical Inc||STJ US||9:30||Annual General Meeting|
|Transocean Ltd||RIG US||9:30||Q1 2015 Earnings Call||Q1 2015|
|Duke Energy Corp||DUK US||10:00||Annual General Meeting||Y 2015|
|Ecolab Inc||ECL US||10:00||Annual General Meeting||Y 2015|
|Kimco Realty Corp||KIM US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Ameren Corp||AEE US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Scripps Networks Interactive Inc||SNI US||10:00||Q1 2015 Earnings Call||Q1 2015|
|Archer-Daniels-Midland Co||ADM US||11:00||Annual General Meeting|
|Wisconsin Energy Corp||WEC US||11:00||Annual General Meeting|
|Molson Coors Brewing Co||TAP US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Prudential Financial Inc||PRU US||11:00||Q1 2015 Earnings Call||Q1 2015|
|Eastman Chemical Co||EMN US||11:30||Annual General Meeting||Y 2015|
|Molson Coors Brewing Co||TAP US||13:00||Q1 2015 Earnings Call - Follow-up Session||C1 2015|
|Essex Property Trust Inc||ESS US||13:00||Q1 2015 Earnings Call||Q1 2015|
|Apache Corp||APA US||14:00||Q1 2015 Earnings Call||Q1 2015|
|Danaher Corp||DHR US||15:00||Annual General Meeting||Y 2015|
|NVIDIA Corp||NVDA US||16:20||Q1 2016 Earnings Release||Q1 2016||0.335|
|Cerner Corp||CERN US||16:30||Q1 2015 Earnings Call||Q1 2015|
|CBS Corp||CBS US||16:30||Q1 2015 Earnings Call||Q1 2015|
|Microchip Technology Inc||MCHP US||16:30||Q4 2015 Earnings Call||C1 2015|
|CA Inc||CA US||17:00||Q4 2015 Earnings Call||Q4 2015|
|Monster Beverage Corp||MNST US||17:00||Q1 2015 Earnings Call||Q1 2015|
|NVIDIA Corp||NVDA US||17:00||Q1 2016 Earnings Call||Q1 2016|
|CA Inc||CA US||Aft-mkt||Q4 2015 Earnings Release||Q4 2015||0.498|
|Cerner Corp||CERN US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.449|
|Mohawk Industries Inc||MHK US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||1.602|
|Monster Beverage Corp||MNST US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.684|
|CBS Corp||CBS US||Aft-mkt||Q1 2015 Earnings Release||Q1 2015||0.75|
|Microchip Technology Inc||MCHP US||Aft-mkt||Q4 2015 Earnings Release||Q4 2015||0.666|
|Corning Inc||GLW US||Investor Meeting||Y 2015|
|Dover Corp||DOV US||Annual General Meeting|
|Kansas City Southern||KSU US||Annual General Meeting|
|L Brands Inc||LB US||April 2015 Sales and Revenue Release||2015|
|Tenet Healthcare Corp||THC US||Annual General Meeting|
|Health Care REIT Inc||HCN US||Annual General Meeting|
|CH Robinson Worldwide Inc||CHRW US||Annual General Meeting|
|Reynolds American Inc||RAI US||Annual General Meeting|
|Assurant Inc||AIZ US||Annual General Meeting|
|NRG Energy Inc||NRG US||Annual General Meeting|
|Kinder Morgan Inc/DE||KMI US||Annual General Meeting|