Weekly Perf.
Dow +0.10% SPX +0.20% Nasdaq+0.43% Russell-0.36% Nikkei+1.37% Hang Seng -2.21% Shanghai-0.88% Brazil-3.63%
EuroStoxx -0.22% EuroStoxx 600-0.50% FTSE-1.29% CAC -0.53% Dax+0.52% Ibex-1.10% MIB-1.29% SMI+0.32%
US stocks saw their fifth consecutive week of gains, with the S&P500 almost filling the gap from the August meltdown and coming to within 50 points of the all-time highs seen back in May. The Fed stood pat on rates, as expected, although UST yields rose to one-month highs later in the week as markets absorbed the message that rate liftoff could come in December. China waffled on setting a specific 2016 GDP target at the 13th plenum, deciding instead to adopt more flexible economic policy goals. In Washington, outgoing House Speaker Boehner concluded a two-year budget and debt ceiling deal before handing the baton to Paul Ryan, who opened his speakership by striking a more conciliatory tone, boding well for policy success in the future. For the week, the DJIA added 0.1%, the S&P500 rose 0.2% and the Nasdaq grew 0.4%, closing out their best month in four years with the major indices each up more than 8% in October.
Macro :
- Greek Banks Need Less Capital Than Expected: Germany’s Spahn
- China Factory Gauge Signals Contraction Continued a Third Month
Keep an eye on :
- AIR FP : Boeing May Match Airbus on Single-Aisle Output of ~60/Mo.: Rtrs
- AIR FP : Airbus Delays Decision on A380 Modernization, Handelsblatt Says
- ALPHA GA : Alpha Bank Has EU2.74b Total Capital Shortfall in ECB Test
- BNP FP : BNP CEO Says New Rules May Force Banks to Raise Capital: Figaro
- BN FP : Danone’s Cow & Gate Recalls Muesli Batch Sold in U.K., Ireland
- CBK GY : Commerzbank Says CEO Martin Blessing Won’t Extend Contract
- DSY FP :
- EUROB GA : Eurobank Has EU2.12b Total Capital Shortfall in ECB Test
- MC FP : Sephora Said to Plan Opening Stores in Iran in 2016: Reuters
- RR/ LN : Rolls-Royce Shifts Work for Biggest-ever Order Back to Britain
- TPEIR GA : Piraeus Bank Has EU4.93b Total Capital Shortfall in ECB Test
- TIT IM : Italy Regulator Seeks Info on Niel-Telecom Italia: Ansa
- TEL NO : Telenor May Face New Hearing on VimpelCom and Uzbekistan: NRK
- VIV FP : Vivendi CEO Says Co. Didn’t Act in Concert With Niel: Corriere
- VOD LN : Vodafone U.K. Says Attempt Made to Access Some Customer Accounts
- VOW3 GY : Volkswagen Expects to Recall Diesel Vehicles in China in 1Q 2016