Weekly Performance :
Dow +0.65% S&P +0.76% Nasdaq +1.30% Russell +1.55% Nikkei -1.14% Hang Sang -1.91% Shanghai -13.32% EuroStoxx -1.34% FTSE -1.10% CAC-1.75% Dax -1.40% Ibex -0.78% FTSE Mib -0.78% SMI -1.76% VIX +1.39% V2X +13.90%
Global markets were seen approaching or crossing key thresholds this week. At Wednesday's post rate decision press conference, Fed Chair Yellen said conditions were still not ripe for starting rate hikes, citing continued labor market slack and weakness in wages. Fed dovishness help propel stocks higher and the Nasdaq closed at a new all-time high of 5,143 on Thursday, finally topping the all-time high set on March 10th, 2000 at the height of the dot com bubble. Greece and its creditors remained at an impasse, failing to bring any new ideas to a meeting of European financial ministers on Thursday. An emergency summit of euro zone leaders on Monday appears to be the last chance to change the course of events flowing toward a Greek default. In Asia, both the Shanghai and Shenzhen stock markets fell into correction territory, as liquidity concerns pummeled the markets after regulators again scolded brokers about excessive margin trading. Even as China sank, US stocks had their best week in two months: the DJIA added 0.6%, the S&P500 rose 0.7%, and the Nasdaq gained 1.3%.
Macro :
- Tsipras Government Must Rise to Its Responsibility: EU’s Schulz
- EU Commission’s New Plan Sees Extending Greek Aid to Sept: FAS
Keep an eye on :
- AF FP : Air France, Delta to Operate Nice-New York Flights All Year
- AFR LN : Afren Sees Added $148m in Net Cash Proceeds in Restructuring
- AIR FP : Airbus to Build U.S. Factory to Fulfill Satellites Contract: JDD
- BMPS IM : Monte Paschi Says Bank’s Rights Offering Fully Subscribed
- EN FP : Numericable-SFR to Bid ~EU10b for Bouygues Telecom: France Info
- EN FP : French Finance Minister Opposes Telecoms Consolidation, AFP Says
- CI US : Anthem Raises Offer for Cigna to $54 Billion ($184/share +18,3% vs friday close $155.26,, +5% vs last offer @ $175) - WSJ
- ANN GY : Deutsche Annington looking to acquire residential portfolios with more than 1,000 units - Welt am Sonntag
- DBHN GY : Deutsche Bahn Wage Battle Has Cost EU489M, Bild am Sonntag Says
- HSBA LN : HSBC Said to Plan $300m Brazil Corporate Bank After Sale
- IAG LN : IAG Considering Offering Concessions to EU Regulators: Reuters
- ILLY IPO : Illy Said to Consider Market Listing, Hires Roland Berger: FT
- BAER VX : Julius Baer Sees No Major M&A Before U.S. Tax Accord: Basler Z.
- LSE LN : London Stock Exchange Group Raised to Baa1 by Moody’s
- MRL SM : Merlin Props Weighs Alternatives to Sale of New Shares: Filing
- NG/ LN : National Grid’s CEO Holliday Set to Step Down: Sunday Times
- NUM FP : Numericable-SFR to Bid ~EU10b for Bouygues Telecom: France Info
- ORA FP : Orange Says It Isn’t Part of Bouygues Telecom Talks, Deal
- RR/ LN : Rolls-Royce’s Aflatt, Marine Unit CFO, Leaves by Mutual Consent
- SGO FP : Saint-Gobain CEO Says French Industrial Decline Halted: Figaro
- SCVB SS : Scania Gets Columbian Order for 147 Gas Buses
- SKYD GY : New Sky Deutschland CEO Aims at Fast Subscriber Growth: Welt
- SVT LN : Borealis Weighs £5b Takeover Bid for Severn Trent: Sunday Times
- SYNN VX : Monsanto could refine offer for Syngenta - Basler Zeitung
- SYNN VX : Monsanto continues to seek constructive talks with Syngenta, would not rule out price increase - Schweiz am Sonntag
- TEC FP : Algeria’s Sonatrach Ends Technip Refinery Contract: El Watan
- FP FP : Total Cut Investment Budget by 10% in 2015, CEO Tells Investir
- VIE FP : France’s SNCF to Expand Bus Services, CEO Pepy Tells Europe1