Weekly Performance
Dow+0.36% S&P+0.51% Nasdaq+1.88% Russell+1.10% Nikkei+2.65% Hang Seng+3.18% Shanghai+1.27% Ibovespa-2.04% EuroStoxx+0.24% FTSE+1.24% cAc+0.57%Dax+0.85% SXXP+0.74% Ibex-0.85% MIB+1.35% SMI+1.39%
The volatility seen over the last month in global markets gave way to relative calm this week. US markets were subdued thanks to the Labor Day weekend holiday and a schedule light on major data releases. There was a notable increase in corporate debt issues as companies tried to get ahead of Fed hikes later this year, although the jury remains out on the feasibility of policy tightening at next week's FOMC meeting. Other highlights included the excellent JOLTs job openings report, Apple's product refresh, and various investor conferences where management teams largely indicated that prior guidance (or the low end) remains achievable despite the recent uptick in global growth concerns. Shanghai reopened for trade after a two-day holiday to another weak Chinese trade report, which inspired equity gains on hopes for more stimulus spending. US Treasury yields backed up modestly, as prices were pressured by supply from both corporate and government sales. For the week, the S&P and DJIA each gained 2% and the Nasdaq added 3%.
Macro :
- Nine Weekly Reversals Show S&P 500 Traders Have No Clue on Fed
- Brazil’s Junk Relapse Makes Its Bonds Even Riskier Than Russia
- EU Weighs Transaction Tax as France Pushes for Wider Base
- China’s Aug. Crude Steel Output Falls 3.5% to 66.94 Mln Tons
- China Alumina Output Rises 6.1% to 4.88 Mln Mt in August
- China Fixed-Asset Investment Tumbles to Lowest Since 2000 (1)
Keep an eye on :
- ABBN VX : ABB CEO Says Eyeing Acquisitions in Mid-Size Range: FuW
- ABBN VX : ABB May Relocate Some Swiss Workers to Dubai, U.S., NZZ Reports
- ABBN VX : ABB Won’t Separate Power, Automation Businesses, Voser Tells SZ
- AGA LN : Whirlpool Says It Doesn’t Plan to Make an Offer to Buy AGA
- AIR FP : Eurofighter Confirms 28-Fighter Jet Order With Kuwait Government
- AIR FP : Airbus Says Assembly of A320 Cheaper in U.S. Than Germany: Welt
- CSGN VX : Credit Suisse Plans October Strategy Announcement: SamS,
- GOOGL US : Schaeuble Poised to Close Tax Loopholes Used by Google: Bild
- RNO FP : Renault Seeks to Overtake Ford in Europe, Ghosn Tells JDD
- SIE GY : Siemens Sells Wind-Power JV Stakes to Partner Shanghai Electric
- UL FP : Unibail Preparing to Offer Paris Office Buildings for Sale
- PAH3 GY : Porsche Chief Mueller Mulls Electric Version of All Models: AMS
- UHR VX : Swatch CEO Hayek Says SNB Board Should Resign: SamS
- VOD LN : Vodafone to Continue Offering Netflix Free to Some Customers
- VWS DC : Vestas Receives 200MW Order for Wind Turbines From Xcel Energy