Weekly Update
Dow +0.32% S&P +0.80% Nasdaq +1.42% Russell +2.31% Mexico -1.10% Brazil +1.77% EuroStoxx +1.65% FTSE -0.19%% CAC +2.02% Dax +2.06%% Ibex +1.49%% MIB +1.51%% SMI +0.53% Nikkei -1.83% Hang Seng -1.01% CSI -0.96% Shanghai -1.44%
Eur$ -1.26%
After falling 1.4% last week, the S&P 500 rebounded, rising 0.8% for the week. The benchmark index wrapped up a solid first quarter (+5.5%), which was overshadowed by an even better performance from the Nasdaq, which gained 1.4% for the week, extending its first quarter gain to 9.8%. Healthcare decision in the US was digest by the market and focus was on Oil this week and capacity to Trump administration to move on the tax measures. A week of mostly hawkish talk from Federal Reserve officials brought rate hike expectations back to levels from two weeks ago. The implied probability of a rate hike in June climbed to 62.5% from last week's 49.6%, according to the fed funds futures market.
Macro :
- U.K.’s Johnson Sees Difficult Talks Ahead for Brexit: Figaro
- Bond Traders Are No Fools, Dismissing Bluster of Four Rate Hikes
Keep an eye on :
- A2A IM : A2A Signs Partnership MOU With Local Italian Utilities
- BAB LN : Babcock International Said to Win GBP340m U.K. Navy Order: Sky
- BAYN GY : Bayer’s Copanlisib Meets Main Goal in Mid-Stage Lymphoma Study
- BIIB US : Biogen Rises 2% on Patent Win; Mizuho Sees $5 Upside to Stock
- BRE IM : Brembo Aims Doubling Revenue in China in Two Years, Sole Says
- BT/A LN : BT Group Said to Be Preparing Italian Unit for Sale: Telegraph
- BWO NO : Signed an extension agreement for the lease and operation of the FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until 31 March 2018 with options until 2023.
- CSGN VX : Minder Tells Credit Suisse Shareholders to Vote Against Pay: T-A
- ENRO SS : Eniro Hasn’t Reached Pact With Bank Syndicate
- FCA IM : German Transport Ministry to Complain to EU Over Fiat: Reuters
- FCA IM : Fiat Chrysler Says 500X Conforms to Applicable Emissions Rules
- FCT IM : Fincantieri Seeking to Conclude STX France Deal This Week : JDD
- DEC FP : JCDecaux Says It Has Lost Paris Velib Bicycle Contract
- LDO IM : Leonardo Sees Growing Defense Markets in Brazil, Peru, Argentina
- POM FP : Plastic Omnium Sells Seven Sites in Europe to Flex-N-Gate
- QIA GY : Qiagen Licenses Prostate Cancer Test From Johns Hopkins
- RB/ LN : Reckitt Benckiser Said to Plan Sale of Food Division: S. Times
- RSA LN : RSA Said to Drop Dublin From EU Base Shortlist: Sunday Times
- SAN SM : BofA Says to Short Santander Consumer USA on Subprime Car Loans
- SU FP : Schneider Electric Said Close to $1b Sale of DTN: WSJ
- SNAP US : Snap Debuts a New Search Tool, in First Major Product Since IPO
- SCMN VX : Price War Threatens Network Investment, Swisscom CEO Tells SZ
- TSCO LN : Tesco Deal With Booker May Force It to Sell Stores: Telegraph
- VOW3 GY : VW’s Poetsch Says Internal Investig. to Last Beyond 2017: FAZ