Weekly Update
Dow +0.05% S&P +0.21% Nasdaq +1.84% Russell +0.57% Mexico -0.49% Brazil -0.88% (-2.38% in $) Nikkei +0.95% Hang Seng +0.17% CSI +2.96% Shanghai +1.11% EuroStoxx -0.01% FTSE -0.53% CAC +0.05% Dax -0.15% Ibex -1.20% MIB -0.51% SMI +0.78%
The markets had a mixed week, with the S&P and Dow ending about flat while the Nasdaq lifted nearly 2%, boosted by the best week for biotech and hospitals since the election, as the Republican Obamacare replacement bill hit some legislative snags in the Senate. US new and existing home sales data was a bright spot, coming in higher than expected and with record high home prices in May. Also the 34 largest financial institutions monitored by the Fed all passed their annual stress tests. Oil price declines dragged the energy sector to its worst week since February, with crude finishing lower for a fifth consecutive week and WTI closing at a 10-month low on Wednesday. Small-cap stocks gained Friday for the third time this week, and the Russell 2000 pared earlier losses to close the week almost flat amid the annual reconstitution of the Russell US Indexes. Despite higher volumes in the Nasdaq, volatility remained muted, with the VIX hitting a four-day low on Friday. For the week, the S&P rose 0.2%, the DJIA gained less than 0.1%, and the Nasdaq added 1.8%.
Macro :
- France to Unveil Environment Roadmap by End-July, Macron Says
- Hedge Funds Go All-In on VIX Shorts Again: CFTC
- EU Commission in Talks With Italy on Aid for Failed Veneto Banks
- French Government Spokesman Castaner Sees No Tax Hike: RTL Radio
Keep an eye on :
- AB1 GY : Lufthansa CEO Rules Out Air Berlin Takeover for Now: BamS
- ALV GY : Allianz Sells Oldenburgisch LB Stake to Bremer Kreditbank
- ATC NA : Altice, Prisa Lawyers Had Meetings on Media Capital: Expresso
- ARM LN : ARM Holdings Invests GBP17m in Blu Wirless: Sunday Telegraph
- CLLN LN :
- COL SM : Spain’s Colonial to Invest Up to EU400m Per Year, CEO Tells ABC
- DAI GY : Daimler to Make Only Electric Smart Cars From 2020/21: Manager
- DAI GY : Diesel Engines Emit Less CO2, Daimler CEO Tells Deutschlandfunk
- DLG GY : Dialog Semiconductor CEO Sees Return to Growth in 2017: FuW
- EDF FP : EDF Hinkley Audit Shows Up To 3 Billion Euros Extra Cost: Monde
- ERF FP : Eurofins Seeking Acquisitions of All Sizes, CEO Tells Investir
- FCA IM : Fiat Chrysler Said to Have Halted Output of Pacifica Hybrid: WSJ
- FNC IM : Fincantieri Gets Export Finance Approval for Qatar Deal: Sole
- HNR1 GY : Hannover Rueck CFO Sees ECB Rates Staying Low for Years: Euro
- HIS SM : Hispania Aims to Sell Office Portfolio by Year End: Economista
- LHA GY : Lufthansa CEO Rules Out Air Berlin Takeover for Now: BamS
- MS US : Morgan Stanley May Add 200 Jobs in Frankfurt Over Brexit: WamS
- SBRY LN : Sainsbury Promises Nisa Independence on Takeover: Telegraph
- UBSG VX : UBS CEO Says Bank Regulation Lacks Political Discussion: Blick
- WFM US : Wal-Mart Said Not Considering a Bid for Whole Foods: Reuters