Weekly Performance
Dow +2.33% S&P +2.60% Nasdaq +3.38% Russell +1.60% Canada +0.87% Mexico +1.08% Brazil +3.49% EuroStoxx +2.96% FTSE +0.47% CAC +2.98% Dax +3.11% Ibex +3.66% MIB +4.16% OMX +2.18% SMI +1.87% Nikkei +4.17% Hang Seng +2.99% CSI +2.68% Shanghai +2.56% Shenzen +2.24%
The New Year started with a bang as stocks climbed aggressively and NYSE floor traders donned their ‘Dow 25,000’ hats. President Trump was quick to note the DJIA milestone, providing some distraction from a bad week of PR for the administration after his casual mention of the nuclear option in a tweet aimed at North Korea, and the release of a tell-all book about the White House that painted the President in a bad light and appeared to drive a wedge between him and former chief strategist Steve Bannon. The oil market remained bullish as the US Interior Department announced plans to open up more offshore areas to drilling. WTI crude rose to its highest level since June 2016, hitting the $62 handle, while natural gas prices paired last week’s gains as the end is in sight for the arctic freeze gripping half of the US. In corporate news this week, Macy’s and JC Penney reported improved sales y/y for the holiday season, and Costco also delivered strong results, handily topping Wall Street SSS estimates. Intel shares dropped after reports broke that its chips are susceptible to a hardware-based exploit and that the security patch could significantly impair performance.
Macro :
- Two Koreas to Talk, Merkel Seeks Coalition: Week Ahead Jan. 8-13
- Carmakers Risk EU4.5 Bln EU Emissions Fines From 2021: Study
- UK PM May to Reshuffle Cabinet on Monday, According to Reports
- Accounting Rules Lay Bare More Debt in DAX Cos., WiWo Says (1)
Keep an eye on :
- CLLN LN : U.K.’s Carillion to Present New Business Plan to Lenders: Sky
- BMW GY : Carmakers Risk EU4.5 Bln EU Emissions Fines From 2021: Study
- CYTX US : Cytori Gains; Maxim Sees as Acquisition Candidate After Tigenix
- DAI GY : Carmakers Risk EU4.5 Bln EU Emissions Fines From 2021: Study
- DHER GY : Luxor Funds Sell 4.89M Shares in Delivery Hero for EUR31.75/Shr
- DBK GY : Deutsche Bank Sees ’Small’ FY 2017 After-Tax Loss
- DBD US : Diebold Nixdorf Holder Atlantic Investment Cut Stake to ~6.8%
- DUFN SW : HNA Is Said to Weigh Sale of Two London Canary Wharf Offices
- EOAN GY : EON Board to Decide Monday on Sale of 47% Stake in Uniper: BZ
- ESA IM : Esaote purchase by Chinese consortium may be blocked by Italian government
- FRE GY : Fresenius to Focus on Acquisitions as Part of Growth Plan: BZ
- HAIN US : Hain Portfolio ’Too Diverse For Single Buyer:’ Wells Fargo
- KNIN SW : Kuehne + Nagel Chairman Seeks Bolt-on, Asia Deals, FuW Reports
- NFLX US : Netflix Propels TV Production, Dethrones HBO With Critics
- NRS NO : Norway Royal Salmon Cuts 2018 Harvest Volume Forecast on Virus
- UG FP : Opel CEO Confident of Avoiding Emissions Fines: Welt am Sonntag
- QCOM US : Qualcomm Processors Affected by Meltdown, Spectre: the Register
- SPOTIFY IPO : Spotify’s Chief Content Officer to Leave Company: Recode
- DG FP : Vinci Airports Wins Concession for Belgrade Airport: Kurir
- VOW3 GY : VW Estimates It Sold About 10.7 Mln Vehicles in 2017: Bild