Weekly Performance
Dow -0.11% S&P +0.12% Nasdaq +0.11% Russell +0.52% Mexico -0.41% (+2.15% in $) Brazil -1.64% (-1.07% in $) EuroStoxx -0.91% FTSE +0.05% CAC -0.30% DAX -1.38% Ibex -0.44% MIB -1.10% SMI -0.34% Nikkei -2.82% (-0.67% in $) Hang Seng +0.35% CSI +0.29% Shanghai +0.55%
US Stock indices dipped early in the week, as the world reacted to President Trump firing out a 90-day ban on travelers from seven Muslim-majority countries in the name of security. The poorly explained order created confusion and concern in the international and business communities and sparked protests at US airports. As the furor died down, stocks finished the week on a high after a string of generally robust economic data and action from Washington aimed at reducing regulation. On Wednesday, Congress repealed regulations on the coal industry and on Friday President Trump signed an executive order designed to scale back Dodd-Frank legislation. Higher than expected GDP helped prop up the Euro against most major currencies. Stock markets returned to rally mode late in the week, reacting positively to the latest read on the US jobs market on Friday. For the week, the S&P500 rose 0.1%, the Nasdaq added 0.1%, and the DJIA lost 0.1%.
Macro :
- Fed’s Williams Sees Some Arguments to Raise Rates in March
- Brevan Howard Starts 2017 With a Loss in Its Main Hedge Fund
- London Bankers Said to Be Spurning French Overtures: Telegraph
- Attention U.S. Trade Warriors: Germany's Surplus is on the Wane
- Paul Singer's Elliott: 'There is a deep underlying complacency which we think permeates global financial markets'
Keep an eye on :
- AIR FP : Boeing: License to Sell Jets to Iran Not Affected by Sanctions
- AIR FP : Leonardo-Finmeccanica talks with Airbus over sale of 25% stake in MBDA stall
- AAF FP : Alain Afflelou Suspends IPO Project Due to Market Weakness
- MO US : Altria Most Often Mentioned in 2017 U.S. M&A Desk Survey
- SPR GY : Axel Springer Seeks to Expand Upday Service to 16 Countries: FT
- BARC LN : Barclays Forms Administrative Unit in Ring-Fencing Change: Rtrs
- BCP PL : Banco Comercial Portugues Says Rights Offer Was Fully Subscribed
- BIM FP : BioMerieux Claims Hologic Infringes Patents for HIV-1 Tests
- BMW GY : BMW Recalls 230,000 Vehicles That May Have Takata Airbag Parts
- BMPS IM : Monte Paschi Sells Merchant Acquiring at Enterprise Value EU520m
- CPI LN : Capita Probed on Ankle-Tag Corruption Claims; 14 Arrested: Sun
- DBK GY : Deutsche Bank SREP Gives Sufficient Buffer to MDA Trigger: Fitch
- DBHN GY : Deutsche Bahn CEO to Be Named Shortly, Transport Minister Says
- EDF FP : Moorside nuclear plant braced for potential Toshiba pullout - FT
- EDF FP : France’s Next President Said to Face $3 Billion Nuclear Hangover
- FCA IM : Maserati Recalls 39,381 Cars for Faulty Seat-Wiring Harness
- G IM : Generali May Accelerate Business Plan as Intesa Defense: Sole
- JD US : Walmart discloses passive stake increased to 12.1% (up from 10.8% in Oct) - 13G/A filing
- JNJ US : Lawsuit claims JNJ breast implants leaked causing medical problems
- LHA GY : Lufthansa Considering New Airline for Long-Haul Routes: Spiegel
- NEM GY : Nemetschek Has EU200m for Acquisitions, Euro am Sonntag Says
- NDA SS : Nordea Explores Selling Capital Relief Deals to Other Banks
- OMV AV : OMV Takes Over Oil Production Stakes in Libya From Oxy: NOC
- PST IM : Poste Italiane Ready to Keep 80% Payout Target, Sole Reports
- PUB FP : Publicis Won’t Suffer From Trump Pro-U.S. Action, Levy Tells JDD
- RBS LN : RBS Said to Pay GBP340m, Lloyds GBP390m in 2016 Bonuses: Sky
- RBS LN : RBS May Face Further Delay to Williams & Glyn Sale: Telegraph
- RB/ LN : Mead Johnson sale to Reckitt Benckiser may be signed off this week
- UHR VX : Swatch CEO Says Belenos IPO Not a Topic in Next 2 Years: FuW
- TIT IM : Telecom Italia 4Q Revenue EU5.1b; Est. EU5b, Tel. Italia Expects Rev., Domestic Ebitda to Keep Growing
- TIT IM : Oi Adviser Pitches Board on Debt Swap for Up to 60% Stake (1)
- UBSG VX : UBS Swiss Head Says Unit’s Profit Has Probably Peaked: SZ
- UCG IM : UniCredit Reaches Accord on Voluntary Layoffs, Hirings: Unions
- VOLVB SS : Volvo Said to Work With Rothschild on Defense Unit Sale
- VOW3 GY : Volkswagen Sued for Diesel Cheating by First Large Client
- VOW3 GY : VW’s Seat to Announce New SUV Model, Heilbronner Stimme Reports