Weekly Update
Dow -0.56% S&P -0.96% Nasdaq -1.48% Russell -1.95% Brazil +1.85% Nikkei -0.25% Hang Seng -3% CSI +1.62% Shanghai +1.97% EuroStoxx 50 +0.82% EuroStoxx 600 +0.09% FTSE -0.44% CAC +0.47% Dax +0.85% Ibex +1.67% MIB +1.13% SMI -0.43%
US indices finished lower for the second straight week as investors' risk appetite faded heading into earnings season. Preannouncements from the likes of Honeywell, Dover, Ericsson, and Fortinet continued to spook market participants, along with a disappointing Q3 report from Alcoa, tempering expectations ahead of the quarterly deluge that begins in earnest next week. Friday's strong banking results took some of the sting away but traders nevertheless remain anxious to hear what managements have to say.
Macro :
- BOE’s Shafik Says GBP Fall May Push Up Inflation: Mercury
- Fed’s Dudley Sees Rate Increase This Year: Wall Street Journal
- Germany Exploring Mechanism to Limit Foreign Takeovers: WamS
- Hedge Funds Buy BrightHouse Debt in Restructuring Bet: Telegraph
- Boris Johnson Wrote Brexit Could Cause Economic Shock: Times
- 2 former traders at Izzy Englander's Millennium have reunited to launch a new hedge fund
Keep an eye on :
- ADN LN : Crispin Odey Ends 3-Yr Short of Aberdeen Asset Mgmt: Telegraph
- AIR FP : Airbus in ‘Constructive Talks’ With Leonardo on MBDA: Il Sole
- AIR FP : Poland Mulls Making Helicopter w/ Ukraine: Macierewicz to WSieci
- AAPL US : U.S. Said to Ban All Samsung 7 Phones on Airline Flights
- AAPL US : Alitalia Bans Samsung Galaxy Note 7 From All Its Flights
- BP/ LN : BP to Decide on U.S. Wind Power Expansion This Yr: FT
- BPM IM : Approved meger-One newly issued Banco BPM share for each Banco Popolare share, One newly issued Banco BPM share for 6.386 BPM shares
- CBK GY : Commerzbank Mulls Listing ETF, Derivatives Unit: Euro Am Sonntag
- CON GY : Acquires auto supplier Konrad Hornschuch, has annual sales of approx €410M, has 1,800 employees and operates four manufacturing sites in German and the US.- no details
- COTY US : Coty Said to Be Near GBP400m-Plus Purchase of U.K.’s GHD: Sky
- DBK GY : Deutsche Bank Is Asked to Change Business Model in U.S.: Welt
- ENG SM : Enagas Agrees to Boost Stake in Transportadora de Gas Del Peru
- GALP PL : Galp Chairman Americo Amorim Resigns; Replaced by Paula Amorim
- LDO IM : Airbus in ‘Constructive Talks’ With Leonardo on MBDA: Il Sole
- MC FP : Audemars Piguet Chairwoman Has Never Considered Sale: SZ
- NG/ LN : National Grid Said to Select Macquarie, Fosun as Canadians Drop
- PMI IM : Popolare Milano Approves Merger With Banco Popolare: Spokeswoman
- ROG VX : Roche Granted FDA Orphan Drug Status for Atezolizumab
- RMG LN : Most Royal Mail Workers Reject Chance to Sell Shares: Sky
- SYNN VX : Sinochem Chairman Has Been Driving ChemChina Merger Talks: FT
- TWTR US : Salesforce CEO Benioff Says Twitter ’Not Right Fit’: FT
- UCG IM : UniCredit Said Near Partial Stake Sale of Bank Pekao: WSJ
- VIV FP : Vincent Bolloré Boosts Stake in Vivendi to More Than 20%
- VOW3 GY : VW Seeks 10% Cut in 2017 Indirect Overhead Costs: Automobilwoche
- WHL LN : William Hill to Continue Merger Talks With Amaya: Telegraph