Weekly Performance
Dow -0.32% S&P +0.04% Nasdaq +0.14% Nikkei -0.77% Hang Seng -0.22% CSI +1.05% Shanghai +0.33% Mexico +0.32% Brazil +1.37% EuroStoxx -0.75% FTSE -1.90% CAC -1.46% Dax +0.01% Ibex -1.38% MIB -0.18% SMI -2.09%
President Trump was sworn in today and gave a speech that promised more jobs for Americans, 4% growth, a boost to infrastructure spending, and putting 'America first' in energy and foreign policy. The stock markets received the speech cautiously, dropping modestly in the immediate aftermath of his inauguration remarks. Overall, the reflation trade stayed on track as US Treasuries sold off, although the dollar continued to lose some ground against major currencies. The 30-Year yield rose 17bps over the week to close today at 3.06%, while the dollar index was down 0.2% on the week. Over the four session period, the DJIA lost 0.3%, the S&P slipped 0.2%, and the Nasdaq fell 0.3%.
Macro :
- Ukraine’s Poroshenko May Meet Trump After Mid-Feb.: Ukrinform
- Algeria Going Beyond Agreed OPEC Oil-Supply Cuts: Boutarfa
Keep an eye on :
- ABE SM : Abertis Is Poised to Buy Most of CDC’s Sanef Stake: Le Monde
- ALV GY : Allianz, Intesa Sanpaolo Interested in Generali: La Stampa
- BAYN GY : Bayer Optimistic on Monsanto Deal, Tagesspiegel Says
- BCP PL : Sonangol Wants to Raise Stake in Banco Comercial, Expresso Says
- BRK/A US : Berkshire Makes 2nd German Acquisition: Handelsblatt
- BMW GY : BMW’s Works Council at Odds With Management on Startup: Spiegel
- BMPS IM : Paschi Management Met With Italy’s Padoan on Next Steps: Sole
- BMPS IM : Dombrovskis Urges Italy to Act Soon on Paschi, Budget: Stampa
- CA FP : Elior Chief Said to Be Shortlisted for Carrefour CEO: Challenges
- CPI LN : Capita lifted by rumours of interest from PE sector - FT
- CERV IM : Cerved Sees 2016 Ebitda Trend in Line With First 9 Months: Sole
- CBK GY : Commerzbank Wants 10k New Corporate Clients: Boersen-Zeitung
- ACA FP : Credit Agricole: Goodwill Impairment of EU491M Against LCL
- DBK GY : Deutsche Bank CFO Sees London Staying Europe’s Finance Hub: Welt
- DGE LN : United Spirits 3Q Profit Jumps Fourfold, Sales Climb 6.2%
- ELIOR FP : Elior Chief Said to Be Shortlisted for Carrefour CEO: Challenges
- G IM : Allianz, Intesa Sanpaolo Interested in Generali: La Stampa
- G IM : Assicurazioni Generali’s Minali to Step Down as CFO: Il Sole
- ISP IM : Allianz, Intesa Sanpaolo Interested in Generali: La Stampa
- LMCA US : Formula 1 Sale Said to Be Revamped; Ecclestone to Step Down: Sky
- LHA GY : Lufthansa on radar of Abu Dhabi sovereign wealth fund - German TV
- LLOY LN : Lloyds Says Retail Strategy Not Changed Because of Brexit: FT
- LONN VX : Lonza Chairman Soiron May Stand for Re-Election in April: SZ
- MS IM : Mediaset says has no interest in three-way shareholding partnership with Vivendi and Telecom Italia
- NESN VX : Nestle, General Mills, Others Said to Bid for Weetabix:Telegraph
- NOVN VX : Novartis CEO Jimenez May Step Down in 2 Years: SonntagsZeitung
- PWTN SW : Panalpina to Focus on Smaller Acquisitions, Higher Margins: FuW
- RR/ LN : U.K. Probes More Companies Based on Rolls-Royce Evidence: FT
- RHK GY : Rhoen-Klinikum Names Stephan Holzinger CEO
- SU FP : Schneider to Adapt U.K. Footprint to Post-Brexit Conditions: CEO
- SIE GY : Siemens CEO Says Trump May Be ‘Opportunity’ for Business: FAZ
- SKY LN : BT, Sky Set to Vie for Champions League TV Rights: Telegraph
- SNAP IPO : Snapchat Parent Said to Pay Banks 2.5% of IPO Proceeds: WSJ
- SNAP IPO : Snap Said to Stress Addicted Users to Justify $20b Value
- GLE FP : SocGen to Pay $50m to Settle U.S. Mortgage Claims
- TUI1 GY : TUI Sees Strong 2017 Demand for German Bookings: Rheinische
- DG FP : Vinci CEO Sees Growth in Contracting Business in 2017: Investir
- VOD LN : Liberty Global Has Cash for Networks, Share Buybacks, FAZ Says