Weekly Performance
Dow +1.82% S&P+1.62% Nasdaq +1.80% Russell +3.06% Bovespa +5.84% EuroStoxx +4.89% FTSE +2.25% CAC+4.46% Dax +4.46% Ibex +5.02% MIB +4.30% SMI +2.52% Nikkei +6.49% Hang Seng +4.64% Shanghai +3.12%
Global equity markets have more or less filled the gap from the moves lower seen in the first two months of the year. Fears about Chinese growth and the US manufacturing industry may be slowly receding, while the Fed continues to push out rate hike expectations. The US economic data generally supported various Fed officials' calls that the prudent stance remains that the FOMC stay patient in normalizing rates. Earnings season began this week with a disappointing report from Alcoa, but some slightly better-than-expected bank earnings. The next several weeks will see whether the rest of corporate America can beat greatly diminished expectations for what everyone agrees was a crappy first quarter. US Treasury yields were ultimately little changed on the week. An early week back-up in rates gave way to buying, following particularly strong 10-year and 30-year reopenings on Wed and Thursday. For the week, the DJIA added %1.8, the S&P500 gained 1.6% and the Nasdaq rose 1.8%.
Macro :
IMF: Lagarde Says Ready to Support ‘Realistic’ Greek Program
G-20 Weighs Penalties Against Tax Havens After Panama Papers
Negative Interest Rates ‘Insane’ Experiment, El-Erian Tells FAS
OPEC Chief Says Oil Sell-Off May Be Hitting Bottom: Statement
Saudi Prince Reiterates Oil Freeze Depends on Others Joining
Saudi Arabia’s Post-Oil Plan Starts April 25, Prince Says
Keep an eye on :
- AIR FP : Airbus Interested in Russian Helicopters Shares, Interfax Says
- AIR FP : Airbus Said Poised to Win Delta Deal for at Least 30 A321 Jets
- AIR FP : Airbus Says No Plan to Buy Stake in Russian Helicopters: Rtrs
- AAPL US : China is now #2 in iOS revenue, behind the U.S. - TechCrunch - http://tcrn.ch/1VwtMve
- BPE IM : Pop. Emilia Considering Merger, Won’t Take Risks, Il Sole Says
- DBK GY : German Banks Fear Iran Deals Due to U.S. Sanctions: Der Spiegel
- DIS US : Disney wants to invest in Major League Baseball’s video streaming company - re/code.net - http://on.recode.net/1S1dtU5
- EDF FP : Macron Sees Hinkley Point Deal Signed in Coming Weeks or Months
- ENI IM : Eni Loses Appeal to Resume Operations in Val d’Agri Plant
- HMB SS : H&M Chairman Stefan Persson Has Bought Further 3m Shares
- EMG LN : Man Group’s AHL Fund Boosts Machine Learning Investment: FT - http://on.ft.com/1WzdCAj
- MKS LN : M&S Landlord Topland Named Agents to Sell 76 Stores: Telegraph
- OML LN : Old Mutual Reports Smaller Delta Lloyd Stake of 2.19%: AFM
- 1913 HK : Tiffany, Prada Dig Deeper in Digital to Boost In-Store Sales
- PUB FP : +ve article in the BArron's, 30% potential upside
- RHK GY : Rhoen-Klinikum does not expect takeover bid; to invest in Medtec start-ups - Boersen-Zeitung
- RWE GY : RWE Redid Suspected Falsified Inspections, Hesse Ministry Says
- SBRY LN : CVC And Qatar Abandon £6bn Sainsbury’s Bid- Sky News - http://bit.ly/1SeSjhU
- SIE GY : Siemens to Build EU500m Reserve Power Plant in Germany: Welt
- SKY LN : Sky, Sony Deal Would Put Films on Sky Channels First: Telegraph
- SREN VX : Swiss Re could merge Corporate Solutions with rival; buys outside core business possible - Neue Zuercher Zeitung
- SUNE US : SunEdison to File for Bankruptcy as Early as Sunday: Rtrs
- TKA GY : ThyssenKrupp does not expect swift consolidation of European steel market - Boersen-Zeitung
- VOW3 GY : VW Appoints New Crisis Manager in Diesel Affair: Automobilwoche
- VOW3 GY : VW faces looming deadline as potential costs of scandal mount - FT - http://on.ft.com/22EMHmf
- WKL NA : Wolters Kluwer Buys Adaptive Learning Tech Tool for Education
US Earnings Calendar (Main Names)
Monday 18th
Before open : HAS, MS, LII, PEP After Close : CE, IBM, NFLX, PNFP
Tuesday 19th
Before open : GS, HOS, JNJ, OMC, PM, After Close : INTC, VMW, YHOO
Wednesday 20th
Before open : ABT, CHKP, KO, DISH, EMC, USB, YGE After Close : AXP, KMI, LVS, MAT, MLNX, NEM, SYK, UAL
Thursday 21th
Before open : ALK, BX, BK, DHR, FCS, GM, JCI, LAZ, MAN, NUE, RCL, UA, VZ After Close : MSFT, SLB, SBUX, UIS, V
Friday 22th
Before open : AAL, AN, CAT, GE, HON, IPG, KMB, LYB, MCD