Weekly Performance
Dow +0.26% S&P +0.17% Nasdaq +0.81% Russell -0.24% Brazil -0.56% Nikkei -1.82% Hang Seng -1.64% CSI -0.68% Shanghai -0.96% EuroStoxx -0.99% CAC -0.90% Dax -1.09% Ibex -0.50% MIB -0.32% FTSE -0.15% SMI -1.62%
The trading week opened with two main storylines dominating markets. All eyes were on Berlin and Algiers as the precipitously declining stock price of Germany's largest bank and growing expectations OPEC members would finally reach some sort of coordinated production agreement pushed and pulled on investors' willingness to take risk. Stocks were under pressure on reports that the German government had ruled out any state assistance for Deutsche Bank which was facing a reported $14B demand from the DOJ to settle and MBS probe. Meanwhile crude prices slipped back as it appeared OPEC still didn't have a consensus on a production freeze headed into this week's meeting. Global Treasury markets rallied as safe haven flows buoyed prices and weighed on yields.
Macro :
- May Tells Sunday Times Brexit Legislation Coming in April or May
- Greek Banks Not at Risk From Turmoil in EU Banks: Stournaras
- China Factory Gauge Stable at Post-2014 High as Services Pick Up
- DAX Leaders Say Strong Deutsche Bank Vital for Germany: FAS
- Italy’s Padoan to Hold Meeting on Banks Tomorrow: Ansa
- ZEW’s Wambach Sees German Economic Boom at Risk From Complacency
Keep an eye on :
- ABBN VX : Cevian Denies Report It Met Buyers for ABB Assets: SamS
- ABG SM : Abengoa 1H Net Loss EU3.7b on Bionergy, Brazil Charges
- AIR FP : Airbus Sticking to Plane Delivery Targets, COO Tells Le Monde
- AZ IM : Alitalia Seen Posting About EU100m Quarterly Loss: Messaggero
- ALO FP : Alstom’s Belfort Plant Will Be Saved, French Prime Minister Says
- AMUN FP : Amundi, Poste Italiane Said Leading Bids for UniCredit’s Pioneer
- BT/ LN : BT Says Business Rate Increases May Push Up Phone Bills: Times
- CA FP : Carrefour Brazil Unit Said to Seek Up to BRL10b in IPO: Globo
- STZ US : Constellation Said to Consider $1b Sale of Canadian Wine: WSJ
- DBK GY : Deutsche Bank’s Woes Put $2 Trillion of Bonds Beyond ECB’s Reach
- DBK GY : Deutsche Bank to ‘Put Forward Defense in Court’ in Milan Probe
- DBK GY : Cryan Traveling to U.S. to Discuss Deutsche Bank Fine: FAZ
- DB1 GY : Euronext eyes EUR 400m bid for LSE LCH SA clearing house
- EDF FP : French State’s APE Says It Will Take EDF Dividend in Shares
- RF FP : Eurazeo PME Invests EU54.9m in AssurCopro, Takes 50% Stake
- NXT FP : Euronext eyes EUR 400m bid for LSE LCH SA clearing house
- EVK GY : Evonik Eyeing Possible Divestments of Dow/DuPont, CEO Tells RP
- FB US : Facebook Testing Snapchat-Like ‘Stories’ Feature: Techcrunch
- GLPG NA : Galapagos Is ‘Definitely’ Considering Takeovers, CEO Tells FD
- GOOG US : Google to Reject EU Charges It Has a Monopoly, Telegraph Says
- KLM NA : China Airlines, KLM Plan to Intensify Collaboration: Telegraaf
- NOVN VX : Novartis Says Cosentyx Skin Clearance Maintained for 4 Years
- RI FP : Pernod Ricard Sells Frïs Vodka to Sazerac; No Terms
- PHIA NA : Philips Said to Be in Talks to Sell Lumileds to Apollo Global
- SAN FP : Regeneron/Sanofi Skin Drug Improved Itching, Added Data Show
- SIE GY : Siemens Overseers Urge Chairman to Hire More Executives: Spiegel
- TEF SM : O2 Plans to Sell Shrs to Retail Investors, CEO Tells Telegraph
- TSLA US : Tesla Strong Delivery Quarter Is Likely, Barclays Says
- TIT IM : Oi Restructuring Adviser PJT Partners to Give Up Role: Reuters
- TUI LN : TUIfly Labor Representatives Oppose Deal With Etihad: BamS
- TWTR US : Google Said to Tap Lazard to Review Potential Bid for Twitter
- UBI IM : ECB Forces UBI to Give Up Plan to Buy 3 Banks: Messaggero
- UBSG VX : UBS Picks 3 Trades for Asset Allocation From Bonds to Equities
- ZAL GY : Zalando Wants 5% of European Fashion Market: Boersen-Zeitung