Weekly Performance
Dow -0.38% S&P -0.40% Nasdaq -0.70% Ibovespa +0.50% Nikkei +2.64% Hang Seng-0.36% Shanghai -12.38% EuroStoxx+4.79% FTSE +0.64% CAC +5.06% Dax+4.10% Ibex +3.91% FTSE +4.85% AEX+4% )MX +2.93% SMI +1.58%
Another week passed without resolution of the Greek situation, which continues to be the central drama in global markets. Bond markets remained remarkably calm despite the standoff with Athens, and Friday's session saw US Treasury and German Bund sellers push yields back up towards recent highs. Generally positive US economic data along with Fed commentary supported the notion the FOMC will be able to move on rates later this year. The US Dollar index gained more than 1.5% on the week while the EUR/USD finished just above the 1.1143 50-day moving average for the first time in nearly one month. US equities moved lower after last week's gains, while European stocks were very choppy on the continuing game of Greece headline roulette. The Shanghai Composite lost another 10.5% this week, putting it about 19% off its most recent high. For the week, the DJIA lost 0.4%, the S&P500 dropped 0.4% and the Nasdaq fell 0.7%.
Macro :
- Varoufakis Says Greek Govt Weighs Steps to Maintain Stability
- Greece Scenarios and Impact on Euro, Rates, Stocks: UBS
- Capital Controls Loom as Greece Rebuffs Program Extension Plan
- China Cuts Rates, Reserve Ratios for Some Banks
- Greek IMF Default Would Force EFSF Move on EU130.9 Bln: Official
- Varoufakis Says Merkel ‘Holds the Key’ to Greece’s Future: Bild
- Global M&A May Reach Record, Goldman Sachs’s Gnodde Tells Fas
Keep an eye on :
- AC FP : China’s Jin Jiang Holds 2% Stake in France’s Accor, JDD Reports
- AIR FP : SpaceX Rocket Explodes Minutes Into Space Station Mission --> +ve for Airbus
- AIRBNB IPO : Airbnb Raises $1.5b, Valuing Company at $25.5b: WSJ
- BAYN GY : Bayer Fungicide May Have Hurt Grapes, Neue Zuercher Zeitung Says
- BBVA SM : BBVA Said to Weigh Sale of Debt, Real Estate Portfolios: WSJ
- DBK GY : Deutsche Bank Says BaFin Report Confirms Its Findings
- DBK GY : Deutsche Bahn Plans Revamp, Admin Cuts, Welt Am Sonntag Says
- DLG IM : De Longhi May Seize M&A Opportunities, Sole Reports
- 7KT GY : *FOSUN MAY BUY AS MUCH AS 20% IN KTG AGRAR, HANDELSBLATT SAYS
- LHA GY : Lufthansa Pulls Long-Haul Planes From Dusseldorf: Handelsblatt
- SKY LN : Sky, Liberty Said to Weigh Bidding for F1 Stake: Sunday Times
- STL NO : Statoil Signs $5b Multicurrency Revolving Credit Line
- VOD LN : Vodafone Says It Remains Committed to Business in Greece