Weekly Performance:
Dow +0.46% S&P +0.85% Nasdaq +1.82% Mexico +0.02% (-1.52% in $) BRazil -0.21% Nikkei +1.56% Hang Seng -1.12% CSI -0.55% Shanghai -2.25% EuroStoxx -0.81% FTSE -3.19% (-0.97% in $) CAC -0.82% DAX -0.87% Ibex +0.16% MIB -1.32% SMI -1.27%
Trading resumed this week with investors looking to add back some of the risk taken out of their portfolios ahead of the long Easter break. A lack of escalation surrounding the Korean Peninsula and renewed hopes of forthcoming Congressional reform legislation spurred some early buying in equities and helped put a floor in bond yields. The IMF modestly raised its global growth outlook for 2017 to 3.5% as G20 finance ministers and central bankers met in Washington and produced mostly upbeat commentary about diminishing risks. The surprise move by UK PM May to call snap elections and the impending French election kept sentiment muted. Cable moved up roughly 2.5% and held most of those gains after the election announcement. For the week the DJIA rose 0.5%, the S&P gained 0.9%, and the Nasdaq added 1.8%.
Macro :
- Le Pen, Macron Jostle for Lead in Early Count of French Vote
- Italy Credit Rating Cut by Fitch on Fiscal Slippage, Weak Growth
- U.K. Conservatives to Ask Ofgem to Cap Energy Prices, Green Says
- Greece Said to Seek May 22 Sign-Off on Staff-Level Agreement
- Nowotny Says ECB Has Instruments to Help French Banks If Needed
- Hedge Funds Most Bearish on Small-Cap Stocks Since 2014: CFTC
- Trump Says He’ll Have ‘Big Announcement’ Wednesday on Tax Reform
Keep an eye on :
- ABBN VX : ABB, Schneider Electric Said Bidding for GE Unit: Reuters
- AC FP : Accor CFO Concerned About Brexit Impact on U.K. Economy: WSJ
- ASA GY : Adidas boss says large-scale reshoring is ‘an illusion’ - Sports shoe maker says vast majority of its manufacturing will remain in Asia - FT
- AZA IM : Alitalia Nationalization Not an Option: Italy Transport Minister
- AAPL US : Apple Hires Google Satellite Executives for New Hardware Team
- BPMS IM : Atlante II May Invest EU500m in Monte Paschi NPLs: Sole 24 Ore
- BT/A LN : BT Files Criminal Complaint Over Italy Accounting Scandal: Rtrs
- CSGN VX : Credit Suisse to Decide on Capital Plans After AGM: SoZ
- DAI GY : Mercedes-Benz Recalls Some E, G-Class Vehicles on Steering Unit
- DL NA : NN Group: 93.3% Delta Lloyd Shares Committed After Post Closing
- FNAC FP : FNAC 1Q Rev. Falls 3.2% Pro Forma; Co. Says Gross Margin Growing
- GSK LN : Glaxo's Celsentri Gets Use Extension Recommendation in Europe
- HEIA NA : Exec: Committed to developing business in China; Says increasing number of China consumers favor craft beer - Chinese press
- IMG LN : Imagination Technologies mulling MIPS stake sale - The Times
- LHN VX : LafargeHolcim’s Olsen Could Leave This Coming Week, Figaro Says
- NOVN VX GY : Novartis mandates Bank of America with potential sale of Alcon
- OCDO LN : Online grocery platform Farmdrop raises £7M Series A led by Atomico - TechCrunch
- ORA FP : Orange in Talks to Pay EU150m/Year for Canal+ Content: JDD
- RWE GY : Dortmund May Buy More RWE Shares, Mayor Sierau Tells WAZ
- ROG VX : Roche's Avastin Gets Use Extension Recommendation in Europe
- SAN FP : Sanofi's Kevzara Gets Positive Recommendation in Europe
- SU FP : ABB, Schneider Electric Said Bidding for GE Unit: Reuters
- STM FP : Semiconductor Stocks Dip as Maxim Sees U.S. Auto, China Slowdown
- FP FP : Total, Iran to Sign South Pars Gas Deal Within a Month: ISNA
- UK Utilities : U.K. Conservatives to Ask Ofgem to Cap Energy Prices, Green Says
- VIV FP : Orange in Talks to Pay EU150m/Year for Canal+ Content: JDD