Weekly Performance
Dow +0.43% S&P +0.59% Nasdaq +1.12% Russell +0.78% Canada +1.50% Mexico -0.49% Beazil +3.28% Nikkei +0.79% Hang Sng +2.46% CSI +6% Shanghai +5.09% Shenzen +5.71% EuroStoxx +0.43% FTSE -0.69% CAC+0.68% Dax+0.26% Ibex -0.10% MIB -0.55% SMI -0.43%
The holiday shortened trading week was largely uneventful in terms of major market moving headlines.Investors did return to find volatility holding near the higher levels seen over the last month. Intraday swings of 100 points or more in the Dow continued, though volumes retreated back to more normal levels and indices largely moved sideways. Earnings season wound down with retailers taking center stage, and overall the positive tone from executives extended despite a few key misses. The US 10-year yield hit a 4-year high above 2.94% after the release of Wednesday’s FOMC minutes led to speculation about the tone Fed Chair Powell may take when he testifies on Capitol Hill early next week. The Greenback bounced, garnering modest momentum when stocks sold off midweek, and then ebbed when equity buyers reemerged on Friday.
Macro :
- Goldman Says Stocks May Plunge 25% If 10-Year Yield Hits 4.5%
- U.K. Needs New Customs Treaty With European Union, Labour Says
- Nouy Says Greek Banks’ Top Priority is to Reduce New NPLs: Vima
Keep an eye on :
- AIRBNB IPO : Airbnb Founder Chesky Considers Starting an Airline: S. Times
- APC US : Anadarko Is Said to Be in Mozambique LNG Talks w/ Indian Buyers
- BRK/A US : Berkshire Fourth Quarter Operating EPS Beats Highest Estimate
- BA US : Boeing, Embraer Deal Negotiations Said to Advance: O Globo
- DAI GY : Daimler in $2 billion China investment with BAIC as Geely swoops https://t.co/YAPzcDF5cS
- DAI GY : Daimler Could Face Early Payback of EIB Loans: Welt am Sonntag
- DIS US : ‘Black Panther’ Grosses $108M in Second Weekend: Variety
- GATE SW : HNA Plans Gategroup IPO End of March, Swissport in 2Q: NZZamS
- PFG LN : Provident Financial Mulling GBP500m Rights Issue: S. Telegraph
- SIKA SW : Sika Offer for Burkard Higher Than Saint-Gobain: Tages-Anzeiger
- HO FP : Thales Wins Contracts for Australia’s OneSky Project: Herald Sun
- TOYS US : Toys R US Is Said to Seek Bids for European Arm: Sky
- NOKIA FH : Nokia CEO Says 5G Network Technology Coming Faster Than Expected
- VVT LN : Vivat CEO Is Reviewing Options Including Buyers, IPO: FD
- VIV FP : Sony Music’s Doug Morris is Said to Leave End-March: Variety
- VOW3 GY : Germany Prepares for Partial Diesel Driving Ban: Rheinische Post
- VOW3 GY : German Police Raid VW Site in Audi Emissions Scandal: Bild