Weekly Performance
Dow +4.39% S&P +0.67% Nasdaq +5.18% Russell +3.68% Canada +0.61% Mexico -0.44% Brazil +3.86% (+7.33% in USD) Nikkei +3.90% (+5.43% in $) Hang Seng +4.99% CSI +4,82% Shanghai +3.68% Shenzen +2.61% EuroStoxx +3.10% FTSE +1.18% CAC +3.85% DAX +2.53% Ibex +4.17% MIB +7.21% SMI +1.76%
The rally in stocks extended into yet another week with 2018 looking very much like most of 2017 thus far. The NASDAQ and banks led early on, before cyclical groups like retailers and small caps took the lead as the week wore on. WTI crude prices probed fresh 2.5 year highs into the mid-$60 range while Brent approached $70/bbl. The energy complex saw a breakout to the upside with stock prices significantly outperforming the gains in oil. Utilities, REITS and other bond proxies lagged that of the overall market as rising Treasury yields served as a headwind. For the week the DJIA gained 2%, the S&P500 added 1.6%, and the Nasdaq rose 1.8%.
Macro :
- Goldman’s Hatzius Says EU Growth Limits Political Risk: Figaro
- CSA Reviewing Approach for Issuers W/U.S. Marijuana Activities
- Trump Briefing on Solar Tariffs Is Said to Be Postponed
- Bid to Collect Internet Sales Tax Gets U.S. High Court Review
- Buy Bitcoin, Ether, Ripple and Litecoin, Evercore ISI Says
Keep an eye on :
- ABLX BB : closed -5.88% in New York $42.28 --> E34.66 -5.30% vs Europe Close
- ADS GY : Adidas Plans to Boost U.S. Market Share to 15-20%, BZ Reports
- ADP FP : ADP Paris Airports FY Traffic Rose 4.5% To 101.5m Passengers
- AIR FP : SpaceX Rocket Test Fire Rescheduled to Jan. 15: Florida Today
- AIR FP : Airbus May Pay EU70-80m Fine in Eurofighter Case: Sueddeutsche
- AIR FP : Airbus May Pay Taiwan EU104m in Arbitration of 1992 Accord
- AF FP : Air France-KLM Still Interested in Alitalia Sale Process: Sole
- AF FP : Air France-KLM Denies Having Made Offer to Take Over Alitalia
- ARAMCO IPO : Aramco U.S. IPO Odds Strained by Trump’s Israel Moves: Height
- ATC NA : French Carriers to Spend EU3b on Mobile Masts: Junior Minister
- BAYN GY : Bayer, Mylan Dismiss Patent-Infringement Case Over Nexavar Drug
- EN FP : French Carriers to Spend EU3b on Mobile Masts: Junior Minister
- CLLN LN : Carillion Makes Last Ditch Bid for U.K. Bailout, Mail Reports
- CLLN LN : Carillion Said to Seek GBP300m From Govt to Stay Afloat: Mail
- FCA IM : FCA US Voluntarily Recalling Estimated 153,859 Minivans
- FCA IM : Fiat CEO Sees Room to Double Profit by 2022 on Global Jeep Push
- DIS US : Facebook COO Sandberg and Twitter CEO Dorsey to step down from Disney board due to potential conflicts of interest - press
- DIS US : Disney: ’Last Jedi’ Becomes No. 10 Global Release of All-Time
- GKN LN : Carlyle Is Said to Be Weighing Bid for GKN: Sunday Times
- HNAGRZ CH : HNA’s Tianjin Tianhai Says It Has No Plans to Sell Ingram Micro
- ILD FP : French Carriers to Spend EU3b on Mobile Masts: Junior Minister
- ISAT LN : Inmarsat Buyout May Make Sense, Maritime Concerns Overdone: RBC
- IWG LN : IWG poised to receive second takeover bid - FT
- LoW US : D.E. Shaw Is Said to Build Activist Stake in Retailer Lowe’s
- MS IM : Mediaset Could Take 20% in Tim, Canal Plus Joint Venture: Sole
- NEO FP : Neopost Rallies on Report Buyout Firms Looking at Pitney Bowes
- ORA FP : French Carriers to Spend EU3b on Mobile Masts: Junior Minister
- PMO LN : Premier in Talks to Sell Batchelors Brand to Nissin: S. Times
- PUB FP : Nestle Is Said to Retender French Media-Buying Budget: Les Echos
- PUM GY : Puma could be potential takeover target of Anta Sports Products.
- RNO FP : Nissan’s Ghosn Says U.S. Tax Bill May Stabilize Car Sales: Fox
- RR/ LN : Rolls-Royce Confirms Reviewing Strategic Options for L’Orange
- 9984 JP : SoftBank Invests EU460m in Online Car Dealer Auto1: FT
- 9984 JP : SoftBank Eyes $18B IPO for Mobile Unit: Nikkei
- TEVA US : Teva Senior Unsecured Ratings Cut to Junk by Moody’s
- TIT IM : Mediaset Could Take 20% in Tim, Canal Plus Joint Venture: Sole
- TWX US : Wal-Mart Said to Restructure Store Roles to Streamline Business
- TKA GY : Cevian Holds About 18% of Thyssenkrupp Shares: Spokesman, Cevian’s Forberg Calls for Structural Change at Thyssen: FAS
- 6502 JP : Toshiba Seeks $4B Yen Tax Relief By Selling Some Assets: Nikkei {6502 JP Equity HLDR <GO>}
- VIV FP : Mediaset Could Take 20% in Tim, Canal Plus Joint Venture: Sole