Америка сегодня. Данные по деловой активности, занятости и заявкам на пособия.

Asian MarketsNikkei...19521...-73.50...-0.40%.  Hang Seng...22457...+322.20...+1.50%.

 European MarketsFTSE...7182.42...-7.30...-0.10%.  DAX...11556.78...-27.50...-0.20%.

 Public Storage downgraded to Neutral at Robert W. Baird; tgt lowered to $235  (225.16)Robert W. Baird downgrades PSA to Neutral from Outperform and lowers their tgt to $235 from $248. They believe PSA's current 4-turn 2018 FFO multiple premium to the sector (3-turn premium vs. EXR) does not offer storage investors an attractive risk/reward opportunity given expectations PSA will deliver FFO per share growth below the peer average. While PSA's balance sheet remains bulletproof, they believe investors should look to names with better FFO growth (NSA, EXR, CUBE) that trade at less expensive multiples.

 

 Gapping up: SYN +31.5%, CTIC +27.7%, GNCA +21.1%, ARNA +7.3%, ALXN +4.6%, RT +3.7%, AUY +3.3%, AG +3%, SGYP +2.1%, NVDA +2.1%, GDX +1.9%, NEM +1.8%, ABX +1.8%, GG +1.7%, YNDX +1.5%, SDRL +1.4%, AZN +1.2%, RIG +1.1%, HAL+1.1%, COST +1.1%, NVS +1%, ACHC +0.9%, NVO +0.9%, GLD +0.9%, AR +0.7%, AMD +0.6%

 Gapping down: AEZS -34.2%, KSS -15.4%, HRTX -11.6%, M -10.3%, MG -8.8%, HLX -7.6%, KNOP -6.8%, LB -6.4%, JWN -5.7%, JCP -5.5%, CATO -5.4%, OREX -5.3%, MC -4%, DDS -3.9%, SHLD -3.4%, LOXO -3.2%, PUK -2.5%, RIO -2.3%, KRC -2.2%,UAL -1.9%, FOSL -1.8%, CS -1.8%, BKE -1.7%, SONC -1.5%, MYL -1.3%, X -1.3%, HPP -1%, SYT -1%, BHP -0.6%, ABT -0.5%

 MINDBODY among stocks with favorable commentary on Wednesday's Mad Money  (23.30)

Stocks with favorable mention: AMD, AMT, BA, COST, D, GM, KMB, LMT, MB, SBAC, SON, UTX

Stocks with unfavorable mention: CCI

 On The Wires

• Koppers, a wholly-owned subsidiary of Koppers Holdings Inc. (KOP), announced that it has commenced a tender offer to purchase all of its issued and outstanding 7.875% Senior Notes due 2019 and related solicitation of consents to certain proposed amendments to the indenture governing the Senior Notes that would eliminate substantially all of the covenants and certain events of default and related provisions applicable to the Senior Notes. The tender offer and consent solicitation is being made pursuant to an offer to purchase and consent solicitation statement and a related letter of transmittal and consent, each dated as of January 5, 2017, which set forth a more detailed description of the tender offer. The consent date of the tender offer and consent solicitation is 5:00pm ET, on January 19, 2017, and the tender offer and consent solicitation will expire at 12:01am ET, on February 2, 2017, unless extended.
• Epsilon, an Alliance Data (ADS) company, and Shell (RDS.A) (RDS.B) have signed a new multiyear agreement for marketing technology services that will deliver targeted communications to Shell customers. The marketing technology solution will build long-term brand loyalty through improved customer experience and personalized offers.
• Triumph Group (TGI) reports that, on Dec 22, 2016, Triumph Aerostructures a wholly owned subsidiary of the co, initiated litigation against Bombardier (BDRBF), a customer of Triumph Aerostructures, in the Quebec Superior Court, District of Montreal. The lawsuit relates to Bombardier's failure to pay to Triumph Aerostructures certain non-recurring expenses incurred by Triumph Aerostructures during the development phase of a program pursuant to which Triumph Aerostructures agreed to design, manufacture, and supply the wing and related components for Bombardier's Global 7000 business aircraft. The lawsuit seeks a monetary award of approximately $340 mln resulting from Bombardier directed changes to the original wing requirements for the Global 7000 program, as well as Bombardier's, delays, disruptions, acceleration and interference in connection with its contract with Triumph Aerostructures. In the meantime, Triumph Aerostructures continues to support the Global 7000 program and to seek a resolution of its disputes.
• Merus N.V. (MRUS) and the Institute for Research in Biomedicine Barcelona announced entry into a research collaboration to jointly develop novel agents that target the tumor microenvironment.
• As previously disclosed, on Jan 4, 2017, Castlight Health (CSLT) entered into an Agreement and Plan of Merger and Reorganization with Neptune Acquisition Subsidiary, a Delaware corporation and wholly owned subsidiary of Castlight, Jiff, Inc., a Delaware corporation, and Fortis Advisors, as the Stockholders' Agent, pursuant to which Merger Sub will merge with and into Jiff with Jiff surviving the merger as a wholly owned subsidiary of Castlight.

 

 

 European Summary

Eurozone Periphery Suffers as Producer Prices Climb

• Sovereign debt of the eurozone periphery is falling sharply today with Portugal leading the way but Italy and Spain close behind. Portugal's 10-year PGB yield is now consistently trading at more than 350 basis points over German Bunds of the same maturity and the Iberian country's debt situation is beginning to look more like Greece's everyday. Eurozone producer prices reportedly rose year-on-year in November for the first time since mid-2013. The December CPI data for the single currency bloc was also quite strong and will prompt some discussion at the European Central Bank. The ECB's asset purchase program is currently scheduled to purchase EUR780 bln of securities in 2017. In the U.K., the PMI data continued to beat expectations for December, this time for the service sector
• New Issuance:
  
  • The U.K. sold GBP2.25 bln of 20-year Gilts at an average yield of 1.970% with a bid-to-cover ratio of 1.69. The tail was 0.8 basis points
  • France sold EUR4.175 bln of 10-year OATs at an average yield of 0.78% with a bid-to-cover ratio of 2.03
  • France sold EUR2.198 bln of 20-year OATs at an average yield of 1.49% with a bid-to-cover ratio of 2.00
  • France sold EUR2.024 bln of 30-year OATs at an average yield of 1.76% with a bid-to-cover ratio of 1.93
  • France sold EUR1.102 bln of 40-year OATs at an average yield of 2.02% with a bid-to-cover ratio of 1.86
  • Spain sold EUR1.077 bln of 5-year Bonos at an average yield of 0.271% with a bid-to-cover ratio of 2.47
  • Spain sold EUR1.706 bln of 10-year ODEs at an average yield of 1.45% with a bid-to-cover ratio of 1.41
    Spain sold EUR813 mln of 30-year ODEs at an average yield of 2.761% with a bid-to-cover ratio of 1.43
• European Economic Data:
  
  • The eurozone's retail sector purchasing managers' index rose to 50.4 for December from 48.6 in November
    
    • The eurozone's producer price index grew by 0.3% m/m in November (0.1% y/y), exceeding expectations but slowing from October's 0.8% jump. That was the first month of positive year-on-year PPI growth since mid-2013
  • Switzerland's consumer price index fell 0.1% m/m in December (0.0% y/y), meeting expectations after November's 0.2% decline
  • The U.K.'s services PMI unexpectedly jumped to 56.2 for December from 55.2 in November
• Yield Check:
  
  • France, 10-yr OAT: +2 bps to 0.83%
  • Germany, 10-yr Bund: +1 bp to 0.29% 
  • Greece, 10-yr note: -4 bps to 6.72%
  • Italy, 10-yr BTP: +7 bps to 1.95%
  • Portugal, 10-yr PGB: +10 bps to 3.99%
  • Spain, 10-yr ODE: +6 bps to 1.51%
  • U.K., 10-yr Gilt: +2 bps to 1.45%