Weekly Performance
Dow -1.81% S&P -1.98% Nasdaq -1.94% Russell -1.66% Brazil -0.41% Nikkei +0.24% Hang Seng +3.58% CSI +0.12% Shanghai +0.38% EuroStoxx -0.86% FTSE -1.71% CAC -1.12% Dax -1.03% Ibex +1.31% MIB -0.16% SMI -0.36%
September trade finally ushered in some volatility after the long slog higher for much of the summer. Early on in the week volumes remained light and movement remained minimal coming on the heels of a disappointing August employment report last Friday. An uptick in M&A announcements after the Labor Day holiday did little to juice equity markets. Corporate debt offerings surged as company's looked to roll over financing costs ahead of a potential Fed rate hike. US data continued to come in soft, highlighted by the August ISM Services reading that touched its lowest level since 2010. The weaker readings helped push Treasury markets higher, keeping a lid on yields through midweek.
Macro :
- EU Turns to OECD for Advice on Financial Transaction Tax Plan
- Fed’s Kaplan Says Monetary Policy Won’t Fix Slow Growth: Reuters
- Sweden Eyes Slice of Apple EU13b Tax Bill: Nyhetsbyraan Direkt
- Swiss to Tell EU Immigration Deal Means No Talks Needed: SZ
- Central Bank Governors, Supervisors Back Basel Steps: Statement
Keep an eye on :
- AF FP : Air France CEO Says Cost Cuts to Be Needed More Than Ever: JDD
- ALO FP : Alstom Job-Cut Methods Unacceptable, French PM Tells Europe 1
- ANTO LN
- AAPL US : Apple Said to Be Rethinking Strategy on Self-Driving Cars: NYT
- AAPL US : Iphone 7 Sold Out in H.K. Minutes After Pre-Order Starts: SCMP
- BMPS IM : Padoan Says He’s Confident That Paschi Capital Plan Will Succeed
- BMPS IM : ECB Will Review New Paschi CEO Run on Tuesday: Messaggero
- BMPS IM : BofA’s Morelli Gets an Informal ECB Nod for Paschi Role: Ansa
- BMW GY : BMW Plans ‘Major Restructuring’ of Executive Board: Handelsblatt
- COL SM : Colonial Says Line 1 Release ‘Confined’ w/ Repairs Ongoing
- MUV2 GY : Munich Re Sees Ongoing Strong Competition Amid Ample Capital
- QIA GY : Qiagen Says It Will Defend U.S. Intellectual Property Position
- RWE GY : RWE’s Innogy Said to Plan to File for $2.2b IPO Next Week
- SRG IM : Snam, Allianz Place Joint Bid in OMV’s Gas Unit Sale, Sole Says
- SCMN VX : Swisscom Should Be Privatized, Sunrise Chairman Kurer Tells SaS
- TSLA US : Ex-Tesla Maps Leader Bill Chen Joins Uber: The Information
- UBER IPO : Uber, Drivers Jump-Start Settlement Talks After Pact Denied
- WMT US : Wal-Mart May Be Interested in Retailer Esselunga: Repubblica
- WB US : Weibo’s Largest Holder Alibaba Reports 68.1% Class A Stake