Weekly Performance
Dow +1.91% S&P +1.51% Nasdaq +2.32% Russell +1.49% Mexico +0.60% Ibovespa +2.58% Nikkei +3.09% (+0.87% in $) Hang Seng +2.38% CSI -0.78% Shanghai -0.69% EuroStoxx +3.47% (+5.13% in $) Ftse +1.26% (+2.33% in $) CAC +4.11% (+5.78% in $) Dax +3.23% (+4.89% in $) Ibex +3.26% (+4.92% in $) MIB +4.39% (+6.07% in $) SMI+3.02% (+3.20% in $)
The week opened with a bang as markets breathed a sigh of relief that the polls accurately predicted Emmanuel Macron’s win in the first round of the French election, sparking a global scramble for risk assets. Global indices surged Monday and into Tuesday, Treasury yields moved up, and gold prices backed down from the $1,300 level. The VIX careened back down to briefly touch the lowest level since 2007 as traders unwound hedging trades from last week. The NASDAQ crossed above 6K for the first time ever, as the technology sector took center stage during earnings season, while other indices got back within striking distance of their all-time highs. For the week, the DJIA gained 1.9%, the S&P added 1.5%, and the Nasdaq rose 2.3%.
Macro :
- China April Manufacturing PMI at 51.2; Est. 51.7
- Fed’s Low-and-Slow Strategy Tested by Business-Spending Pickup
- If You Sell in May, How Long Should You Stay Away? Macro Man
- Germany’s Schaeuble Sees Greece on Track for May 22 Deal: Funke
- Pence Says Trump’s Tax Plan May Increase Deficit in ‘Short Term’
- May Promises No Increase in VAT, Hints at Other Tax Rises
Keep an eye on :
- AC FP : Banyan Tree enters into definitive collaboration, subscription agreement with Accor
- AIR FP : Airbus to Build Helicopter Assembly Line in Shandong: Xinhua
- AIR FP : SpaceX Says Standing Down on Launch Today Due to Sensor Issue
- AI FP : Air Liquide to Cancel 1.5m Shares Bought in Buyback Program
- AZA IM : Alitalia Administrators to Seek Offers for Company: Messaggero
- AZA IM : Meridiana/Qatar Air May Be Interested in Alitalia: Messaggero
- AMZN US : Amazon Probed in Italy for $142m in Unpaid Taxes: La Repubblica
- AAPL US : Apple Asks CA to Change Proposed Self-Driving Car Testing Rules
- CS FP : Axa Sees Positive Impact on Results From Higher Rates: Chairman
- BAYN GY : Bayer, J&J File With FDA to Seek New Xarelto Dose for VTE
- BMW GY : BMW CEO Says Next Self-Driving Car to Be Built in Bavaria: FAS
- BMPS IM : Italy May Have to Put More Than EU6.6b Into Paschi: Stampa
- BB/ LN : U.K. Said to Plan GBP3b Bradford & Bingley Mortgage Auction: Sky
- CPI LN : Capita auction of asset services unit attracts GBP 700m bids from GTCR, CVC
- AFX GY : Zeiss, ASML Seek to Block Nikon Cameras From U.S. Market
- CO FP : Via Varejo stake sale to be postponed - O Estado de Sao Paulo
- CCH LN : Coca-Cola Bottling Company UNITED buys eight distribution territories, two factories from The Coca-Cola Co.
- DAI GY : Mercedes Recalling Some Vehicles in U.S. for Seat Belts: NHTSA
- GPRO US : GoPro Falls as Bullish Forecasts Fail to Convince Analysts
- ISP IM : Italy May Hold More Than 70% in Veneto Banks After Merger: Sole
- CHOO LN : Coach Said Considering Takeover of Jimmy Choo: Telegraph
- LIN GY : Praxair CEO Angel has $37M Parachute in Linde Deal: Spiegel
- LIN GY : Linde-Praxair Merger Talks Could Take Until June: Handelsblatt
- LUX IM : Luxottica 1Q Net Sales Meet Est., FY Outlook Confirmed
- MKS LN : Marks & Spencer, Ocado Said Eyeing Delivery Tie-Up: Telegraph
- OCDO LN : Marks & Spencer, Ocado Said Eyeing Delivery Tie-Up: Telegraph
- OHL SM : OHL Reaches Agreement With Unions Over Job Cuts: Filing
- POM FP : Plastic Omnium Aims to Double Chinese Sales by 2021: Investir
- RNO FP : Nissan N. America Recalling Certain LEAF, Sentra Vehicles: NHTSA
- RKET GY : Rocket Internet Plans Fintech, Insurance Businesses
- SAP GY : Siemens, SAP Sign MoUs to Aid Saudi Digitalization: Reuters
- SIE GY : Siemens, SAP Sign MoUs to Aid Saudi Digitalization: Reuters
- STM FP : Semiconductor Stocks Fall Amid Intel Data Center Revenue Miss
- SZU GY : Swiss to Discuss Sugar Tax in Parliament in Coming Weeks: SamW
- TCG LN : Thomas Cook to Buy Kuoni’s Destination Mgmt Specialists Network
- TWTR US : CEO Dorsey bought 574K at $16.62 on 4/28 (update) - CEO's stake now totals just over 16M shares
- VOW3 GY : VW Triples Electric-Car Budget to $9.8b for New Auto Era