Weekly Performance
Dow -1.52% S&P -1.44% Nasdaq -1.22% Russell -2.65% Mexico +2.14% (+3.88% in $) Brazil -0.55% Nikkei -1.67% (-0.47% in $) Hang Seng +0.20% CSI +1.27% Shanghai +0.99% EuroStoxx -0.12% (+0.43% in $) FTSE -1.19% CAC -0.17% Dax -0.26% Ibex+0.62% MIB +0.57% SMI -0.98%
The week saw a reversal in sentiment as investors grew concerned about the ability of the White House to push through the healthcare reform bill in the House and began to sell risk. Tuesday, the Dow lost more than 1%, its biggest one-day loss since last September. Stocks sold off on Friday morning as it appeared the Republicans didn’t have the votes to pass the bill, raising concerns about the Trump administration’s effectiveness in moving forward on the rest of its legislative agenda, including tax reform and infrastructure spending plans. Just before the close on Friday, the GOP pulled the healthcare bill, and stocks saw a relief rally led by the hospitals and healthcare sector. For the week, the S&P500 lost 1.4%, the DJIA dropped 1.5%, and the Nasdaq slipped 1.2%.
Macro :
- U.K. Said to Eye Law to Block Online Extremist Videos: Telegraph
- Trump Says Tax Reform Up Next, Warns Obamacare Will ‘Explode’
- Italy in Talks With EU Over 2018 Deficit Flexibility: La Stampa
- Iran Sanctions 15 U.S. Companies Over Human Rights Abuses: Mehr
- U.K.’s May to Give Details of Law Changes for Brexit: Telegraphmut
Keep an eye on :
- AIR FP : China’s C919 Passes Aviation Tests; Nears First Flight: Xinhua
- AKZA NA : PPG Fails to Get Meeting With Target Akzo During Dutch Trip
- AKZA NA : Akzo Nobel investor Elliott Advisors discloses 3.25% stake
- NDA GY : Aurubis Doesn’t Rule Out Large Takeovers, Euro am Sonntag Says
- BKIA SM : Bankia Wins Iberdrola Claim Relating to 2011 IPO: Expansion
- BAYN GY : Monsanto India Says Unaware of Rejection of Bayer Deal by CCI
- BLVN LN : BowLeven Holder Crown Ocean Opposes ‘Fire-Sale’ of Company
- MPIO PL : Caixa Montepio’s Full-Year Loss Narrowed to EU80m, Expresso Says
- DAI GY : Daimler to Acquire 15% of Lei Shing Hong: Automobilwoche
- DBK GY : BOE Asks Deutsche Bank to Draw Up Plans for Co-Op Bank: S. Times
- EEFT US : MoneyGram Enters Confidentiality Pact With Euronet Worldwide
- EXO LN : Exova Confirms It Has Received a Cash Offer, Says in Talks
- FB US : U.K. Tells WhatsApp to Open Up to Intelligence Services
- GLPG NA : Galapagos wants to remain as stand-alone business
- HUR LN : Hurricane Energy makes oil discovery west of Shetland Islands, Find adds to series of wells that may be biggest beneath UK waters this century - FT
- ISP IM : Intesa Board to Weigh Plan to Divest EU15b of NPLs: Sole
- IG IM : Italgas CEO says interested in Gas Natural Italian assets
- LSCC US : Lattice Semi, Canyon Refile to Allow More Discussion With Cfius
- LIN GY : Praxair Named New Best Idea Long at Hedgeye on Linde Merger View
- LSE LN : LSE Investors Seek to Keep Xavier Rolet as CEO: Sunday Telegraph
- MC FP : TAG Heuer CEO Sees Swiss Watch Industry Improving in 2017: T-A
- MGI US : MoneyGram Enters Confidentiality Pact With Euronet Worldwide
- NYR BB : Och-Ziff Mgmt Europe Expands Nyrstar Short Position to 1.24%
- OCI NA : OCI Reports 2016 Profit; Year Revenue, Adj. Ebitda Fall
- OML LN : HNA Capital to Buy 25% Stake in Old Mutual’s OMAM for $446m
- PLT IM : Lactalis Owned 89.6% of Parmalat Shares After Buy-Out Offer
- CFR VX : Richemont’s Rupert Says China Situation Has Normalized: FuW
- SKY LN : Fox-Sky Deal Said to Stay With EU After U.K. Skips Deadline
- SN/ LN : Smiths Group may consider selling uncompetitive businesses
- SNAP US : Snap Shares Slip Ahead of Analyst Quiet Period Expiration
- TSCO LN : Tesco Said to Face ‘Large’ Fine as U.K. Probe Nears End: Sky
- TSLA US : Tesla to Start Taking Solar Roof Orders in April, Musk Says
- HO FP : Thales Canada In: Thales to sell identity management business to Imprimerie Nationale Group - 24.03.2017
- TCG LN : Thomas Cook Won’t Separate Condor, CEO Says: FAZ
- TOM2 NA : TomTom Options Volume at 2015 High With Stock at 10-Week Peak
- FP FP : Total Emerges From Oil Slump in Growth Mode, company has been restructuring and cutting costs. Now it’s cherry-picking productive projects from still-struggling rivals. - Barron's
- VOW3 GY : Volkswagen’s Internal Probe by Jones Day Has Ended, Bild Reports
- VOW3 GY : Volkswagen Diesel Probe by Jones Day Continues, Company Says
- WFT US : Weatherford Venture is ‘Innovative’ Move by Schlumberger: Piper
- ZURN VX :Zurich Sets Stage for $8.6 Billion Capital Increase, Sole Says