Weekly Performance
Dow-3.25% S&P -3.40% Nasdaq-2.99% Russell-5.69% Eurostoxx-3.24% EuroStoxx 600 -2.80% FTSE100 -2.41% CAC-3.25% Dax-2.53% Ibex-5.13% MIB -2.37% SMI -1.51% Nikkei -7.02% Hang Seng -4.57% Shanghai +7.96% (closed thu & Fri)
Even as the fall season approaches, the dog days of summer continued to hound world financial markets this week. Enduring uncertainty in China and weakness in Brazil took their toll on global equities, and while the ECB made a dovish move, members of the US Federal Reserve signaled that a September rate hike was still very much in play. Friday's highly anticipated US jobs report was strong enough to support a rate liftoff decision, but not enough to guarantee it. Oil prices joined the equity markets in their volatility, and world finance leaders met in Ankara, Turkey, to address all these concerns at the G20 meeting. As US traders worried about overseas trading during next Monday's Labor Day holiday, a risk-off mentality won the week, and the S&P ended down 3.4%, the DJIA lost 3.2%, and the Nasdaq dropped 3%.
Macro :
- Moscovici Sees EU Maintaining Growth Forecasts for 2015
- Noyer Says Markets Are Well Prepared for Fed Rate Increase
- China’s Stock-Market Rout Is Almost Over, Says PBOC Governor
- Lagarde Says Fed Must Be Sure of Jobs and Prices Before Moving
- US investors look to revival in investment grade corporate bonds http://on.ft.com/1QiEcIG
Keep an eye on :
- ATLN SW : Shire Could Target Radius, Actelion, Ariad Pharma: Sunday Times
- ATL IM : Benetton Family’s Atlantia May Bid for City Airport: S. Times
- CA FP : Carrefoursa re-IPO plan on hold as retailer focuses on small targets - CEO
- CSGN VX : Credit Suisse Ordered to Pay Highland Capital $287.5 Million
- DAI GY : Daimler CEO Zetsche Sees no Crisis in China: Bild am Sonntag
- DGE LN : FT : Diageo drifts after merger talk revival, talks oa SAB Merge of Equal - http://on.ft.com/1JVpEcO
- ENEL IM : Enel to Sell Second Part of Slovenske Stake 2 Yrs From Now: CEO
- FCA IM : Marchionne Says GM Remains Ideal Partner for FCA: Radiocor
- FCA IM : Ferrari Owner CEO Sees Succession Plan at Right Time: Radiocor
- FRE GY : Fresenius SE Reiterates Its Dividend Policy: Euro am Sonntag
- FCX US : Icahn-Targeted Freeport Said to Work With JPMorgan on Strategy
- G IM : Interview of CEO in FT : http://on.ft.com/1Qi5sqY
- IHG LN : Marcato Capital Sells Stake in IHG: Sky News http://bit.ly/1UAAECh
- INTC US : Feds clear Intel’s $16B acquisition of Altera - NY Post
- SDF GY : Potash Names BofA as One of Advisers on K+S/Potash Deal: FAZ
- EMG LN : Man Group’s Li Denies That She Was Assisting With Investigation
- MAU FP : Maurel & Prom Declares Force Majeure at Gabon Pipeline
- MBTN SW : Meyer Burger CEO Says Co. Could Return to Profit Next Year: SoZ
- CFR VX : FT : Swiss watch industry finally moving into an era of self-reliance http://on.ft.com/1Ut6nuh
- CFR VX : FT : EM turmoil and strong franc cast shadow over Swiss luxury industry http://on.ft.com/1NVHp2D
- PSX US : Warren Buffett discloses 10.8% passive stake in 13G filing
- PAH3 GY : Porsche Plans to Increase Staff by 11% This Year: Automobilwoche
- SAB SM : Sabadell May Bid for Clydesdale, Williams & Glyn: S. Times
- SAB LN : T : Diageo drifts after merger talk revival, talks oa SAB Merge of Equal - http://on.ft.com/1JVpEcO
- SPM IM : Eni chairman says all options open for Saipem stake,
- SU FP : Schneider Electric seeks buys in Brazil to expand solutions in process automation and energy efficiency, South America president says
- SHP LN : Shire Could Target Radius, Actelion, Ariad Pharma: Sunday Times
- TIT IM :
- TKA GY : ThyssenKrupp’s Kerkhoff Sees EU1b Savings in 2014/15 Year: BZ
- VIV FP : Vivendi Not Interested in Mediaset: De Puyfontaine
- VOW3 GY : Ex-VW Chairman Piech Blocked Winterkorn From Succeeding Him: FAS