Weekly Update
Dow -0.39% S&P -0.10% Nasdaq +0.96% Russell EuroStoxx +0.10% (+1.14% in $) FTSE +1.77% CAC+0.26% Dax +0.26% Ibex -0.05% MIB -0.88% SMI +0.41% Nikkei -1.20% (+0.99% in $) Hang Seng +1.93% CSI -0.83% Shanghai -0.21% Mexico +0.24% ( -0.95% in $) Brazil +3.22% .
Traders took a more realistic look this week at the incoming US Administration after two months of stronger markets built on optimism about the unified Republican government. US stock markets seemed to digest the lack of further information about policy implementation at Trump's press conference on Wednesday. After hearing little in the way of details or impetus for fiscal stimulus measures, the market sold off, locking in profits and buying bonds. Trump did however, once again allude to a significant border tax which kept concerns of a looming trade war with China from abating. For the week, the DJIA lost % and the S&P edged down %, while Nasdaq rose %, marking new record highs. The US dollar continued to retreat from its recent highs against most major currencies.
Macro :
- U.K. to Leave Europe’s Single Market Under Brexit: Sunday Times
- El-Erian Says Markets Getting Impatient With Trump Rally
- Le Pen Win Would Be Disaster for France, EU, Schulz Tells Pais
- Swiss Econ Min Says Franc Shock May Hit Companies W/ Delay: NZZ
- Trump Says Will Be Flexible in Relations With China, Russia: WSJ
- EU’s Brexit Negotiator Seeks ‘Special’ London Deal: Guardian
- Italy Says Germany Insistence on Fiat Chrysler Incomprehensible
- EU's Chief Brexit negotiator Barnier: EU needs special vigilance in allowing UK financial firms access to the EU because of potential financial stability risks
Keep an eye on :
- ACX SM : Acerinox to Benefit From Trump Infrastructure Plan: Economista
- MT NA : Arcelormittal’s INR500b Mining Plan Fails to Get India Nod: ET
- AZA IM : Etihad Seeks Lufthansa Partnership for Alitalia: Messaggero
- BARC LN : Barclays Chairman Seeks ‘Sensible’ Brexit for City: Sun. Times
- BMPS IM : Paschi, Atlante Restarted Talks on NPLs: Messaggero
- BMPS IM : Paschi Board to Start Review of Business Plan Jan. 19: Stampa
- EN FP : Bouygues, Strabag Make Shortlist to Build Croat Bridge: Jutarnji
- DH CN : Buyouts: Big PE firms interested in DH Corp: sources dlvr.it/N65R7X
- DENERG DC : received approval of an amended building consent related to the Borkum Riffgrund 2 Offshore Wind Farm
- ENEL IM : Enel, Dubai Electricity and Water Sign MOU on Collaboration
- FB US : Facebook to Take Steps to Deal With Fake News in Germany
- FCA IM : Fiat May Pursue Merger With VW in ‘Medium Term’: Milano Finanza
- FCA IM : U.K., Netherlands OK Fiat Engines Tied to U.S. Probe: S. Times
- FCA IM : Germany’s Dobrindt Says Some Fiat Models Must Be Recalled: BamS
- GRPN US : Alibaba Said Has No Plans to Buy Rest of Groupon: StreetInsider
- JMT PL : Jeronimo Martins Makes the Most of Immature Polish Retail Market
- LEON SW : Veraison Wants Leonteq’s Schoch, Ruflin to Go: SonntagsZeitung
- LHA GY : Etihad Seeks Lufthansa Partnership for Alitalia: Messaggero
- MS IM : Mediaset Didn’t Seek Conflict W/Bollore: Berlusconi to Corriere
- NAS NO : Norwegian Air Says Computer Systems Delay Deal With Ryanair: E24
- NDX1 GY : Closed 2016 with strong December order intake in Germany
- NOVOB DC : Novo Nordisk Treatment Granted Orphan Drug Status by FDA
- ORA FP : Orange Makes FTTH Co-Investment Proposal to Proximus: De Tijd
- SAL IM : Salini-Impregilo Aims to Boost U.S. Business: Il Sole
- SKY LN : Fox, Sky Seek to Avoid U.K. Hearings on Merger Plan: Telegraph
- RYA LN : Ryanair Says Brexit Not Hurting Spanish Tourism: Economista
- SYNN VX : Syngenta chairman to attend roundtable event with Chinese president next week - spokesperson
- TGYM IM : Technogym Targets Growth in U.S. Market: Il Sole
- TLX SM : Ardian, CVC, KKR to Bid for Telxius Stake: Expansion
- UNA NA : +ve article in BArron's
- FR FP : Valeo May Lift Its Earnings Targets in February, Investir Says
- VOW3 GY : VW Documents Say Winterkorn Knew Early of Diesel Scandal: BamS