Weekly Performance
Dow +2% S&P +0.86% Nasdaq +0.35% Russell Brazil -0.78% (-2.26% in $) Mexico +0.32% (-0.95% in $) Nikkei +1.43% (-0.09% in $) Hang Seng +0.04% CSI +0.15% (-0.47% in $) Shanghai -0.35% (-0.97% in $) Shenzen -1.82% (-2.43% in $) EuroStoxx +0.01% FTSE -0.16% (-0.87% in $) Cac +0.39% Dax +0.39% Ibex -0.34% MIB -0.30% SMI -0.80%
The stock market advanced once again this week, notching a new record high in all five sessions, as investors digested another batch of third quarter earnings. The S&P 500 finished higher by 0.9%, while the Dow (+2.0%) did noticeably better and the Nasdaq (+0.4%) did modestly worse. For the month, the S&P 500 has added 2.2%. Speculation surrounding President Trump's Fed Chair nomination heated up this week. Current Fed Chair Janet Yellen could be appointed for another four-year term, but reports indicate that Fed Governor Jerome Powell and Stanford University economist John Taylor are the two leading candidates. Fed Governor Kevin Warsh and chief economic advisor Gary Cohn are also still in the mix. Following this week's events, the CME FedWatch Tool places the chances of a December rate hike at 93.1%, up from 82.9% last week.
Macro :
- Abe Placed to Lead Japan Through 2021 After Big Election Victory
- Saudi Minister to Discuss Oil Output Cut Extension With Iraq
- Yellen Is Said to Be Back at White House, Person Familiar Says
- Watch Out Vol Sellers, Those Tails Are Getting Fatter: Macro Man
- Italy’s Rich Lombardy, Veneto Regions Hold Autonomy Votes
What to look at today :
- ACS SM : ACS to Issue Negotiable Commercial Paper of Up to EU300m
- AAPL US : Apple, Foxconn Executives Are Said to Meet Later in Oct.: Nikkei
- BAYN GY : France Asks Regulator to Study New Data on Dow Insecticides
- BMPS IM : Monte Dei Paschi Return to Stock Market Is Said Delayed: Reuters
- BMW GY : BMW Upset VW, Daimler Hid Contacts With EU on Talks: FAS
- BNN GY : Biotech Co. Brain Reaffirms Profitability Goal: Welt am Sonntag
- BT/ LN : BT May Ramp Up Operations Revamp After McKinsey Report: S. Times
- ALCLS US : Cellectis Rallies; Nomura Highlights Co. Meetings With Investors
- CSGN VX : Activist investor RBR Capital Advisors is to commence talking to other shareholders Tagesanzeiger
- EN+ IPO : Qatar Sovereign Fund Is Said to Mull Buying Stake in En+: FT
- GKN LN : GKN Eyes Plan to Split Aerospace, Automotive Ops: Sunday Times
- HEN3 GY : Henkel Seeks More U.S. Acquisitions: CEO to Welt am Sonntag
- HOT GY : Hochtief Sees EU1b in Dividend Payments From Abertis: Expansion
- ICADE FP : ICADE Nine Month Revenue EU1.15 Bln
- IFX GY : Infineon Seeks to Become Top Car-Chip Supplier: Automobilwoche
- ILD FP : France’s Niel Says Iliad Won’t Seek Sporting Rights: JDD
- NOVN VX : Novartis Treatment Granted Orphan Drug Status by FDA
- PLT IM : Parmalat Willing to Negotiate With Citi on Claim: Corriere
- P1Z GY : Patrizia Seeks More Acquisitions, CFO Tells Boersen-Zeitung
- RYA LN : Ryanair Will Continue to Engage With London Stansted ERC
- RYA LN : Ryanair Pilots Outline Proposal to Double Airline’s Pay Offer
- SECUB SS : Securitas Moves Up 3Q Results After Reports Stolen From Manager
- TSLA US : Tesla Is Said to Reach Deal to Set up Facility in Shanghai: WSJ
- TIT IM : Telecom Italia Board Approves Canal Plus Media Venture
- UBER IPO : Uber-SoftBank Deal Is Said to Be Threatened Over Terms: FT
- UMI BB : Umicore Sells Large-Area Coatings Activity, Takes EU14m Charge
- VOW3 GY : Audi To Recall 200k Cars, SUVs on Wire Melting Risk: NHTSA