Weekly Performance
Dow-0.43% S&P-1.36% Nasdaq-2.92% Russell Nikkei-0.81% Hang Seng-3.35% Shanghai-0.18% Brazil -5.15% EuroStoxx-1.40% FTSE+0.08% CAC-1.22% Dax-2.30% Ibex-3.33% MIB-0.82% SMI-2.67%
After the chaos of August, global equities have moved sideways in September as the Fed holds rates steady, Beijing keeps propping up its economy and Europe makes baby steps toward growth. The week saw plenty of dramatic corporate stories (Volkswagen's Dieselgate, Glencore's slide lower, biotech drug pricing) and mixed data (better European PMIs, better US GDP, more bad Chinese numbers), but there was an absence of catalysts that would break markets out to the upside or the downside. Meanwhile, major media was distracted by the theatrics of overlapping US state visits by Pope Francis and China President Xi, not to mention the resignation of House Speaker Boehner and the diplomatic maneuvering leading up the UN General Assembly. For the week, the DJIA slipped 0.4%, the S&P500 lost 1.4% and the Nasdaq tumbled 2.9%, weighed down by biotech names.
Macro :
- Putin May Accept Peacekeepers in Ukraine’s East: Independent
- Germany to Speed Up Residence Permits for Syrians: Der Spiegel
- EU Real Drive Emission Diesel Tests Targeted for Jan: Hendricks
Keep an eye on :
- ABBN vx : Cevian Met With ABB Chairman for First Time: SonntagsZeitung
- AF FP : Air France Offers EU100 Mln to Employees in 2017 If Cuts Work
- ALV GY : Allianz Considers Selling Assets Within Euro Portfolio: FT
- BARC LN : Barclays in Talks W/ Buyers for Bank’s Brazilian Assets: Sky
- BAYN GY : Bayer Says FDA Approves New Version of Betasearon Autoinjector
- BOSCH : Bosch Warned VW Over Planned Use of Software in 2007: Bild
- DAI GY : Daimler Says Van Software Updates Not Related to VW Scandal
- SDF GY : K+S Plans Acquisitions, Sites in Asia, Australia: Frankfurter
- MEO GY : Metro Said to Abandon Talks to Buy Oetker’s Fine Foods Supplier
- NOVOB DC : Novo Nordisk Sees Introducing Tresiba in U.S. in 1Q
- PAH3 GY : Porsche Buys 1.5% Volkswagen Stake From Suzuki to Expand Holding
- PAH3 GY : Volkswagen Unit Porsche Said to Name Oliver Blume as New Chief
- ROG Vx ; Roche Says Positive PDL1 Data in Lung, Bladder Cancer Trials
- RR/ LN : Rolls-Royce May Move Research If U.K. Cuts Support: Sunday Times
- RSA LN : RSA to Sell Russian, Mideast Divisions, Sunday Times Reports
- RYA LN : Ryanair Can Be ‘Amazon for Travel,’ CEO O’Leary Tells FT
- SAB LN : AB InBev May Submit GBP70b SAB Miller Bid Within Days: S. Times
- SZG GY : Salzgitter CEO sees eventual merger with Aurubis - Reuters
- TIT IM : Telecom Italia wants to close Inwit sale or merger by year-end - Reuters
- TSLA US : Tesla Opens First European Factory in the Netherlands, FT Says
- UBSN VX : Netherlands Asks Swiss for UBS Account Holder Names: Le Temps
- VOW3 GY : Volkswagen Internal Evaluation Found About 5M Cars Affected
- VOW3 GY : VW Spvy BD Meeting Ended, Mueller Elected CEO: Handelsblatt
- VOW3 GY : Italy’s Renzi Says VW Should Be ‘Severely Punished’: Ansa
- VOW3 GY : Switzerland Sets Temporary Sales Ban on Affected VW Cars: AWP
- VOW3 GY : Suzuki Motor Says It Sold All Its Shares of Volkswagen
- VOW3 GY : Volkswagen Employee Warned Carmaker Over Software in 2011: FAZ
- VOw3 GY : VW Asks Italy Dealers to Halt Sales of 2,500 Cars, Ansa Reports
- VOW3 GY : Spain Says VW Must Repay Efficiency Subsidies, El Pais Reports