Weekly Update
Dow+1.40% S&P+0.95% Nasdaq +3.79% Russell Nikkei +1.74% Hang Seng +1% Shanghai +6.13% Brazil+2.83% EuroStoxx +1.46% FTSE -0.11% CAC+1.77% Dax+1.27% Ibex +0.89% MIB +0.39% SMI +0.35%
US equities eked out their sixth week of gains as the October jobs report outperformed and earnings season entered the home stretch. After the anemic Q3 GDP report and September's weak job growth, there were real concerns the Fed would not be able to deliver an initial rate hike this year. The October jobs report dispelled the notion. In Europe, there were real concerns about the very weak September German industrial production report, while in China PMI numbers remained pretty poor. By Friday the US Dollar Index reached a new 7-month high, and the benchmark 10-year yield backed up 18 basis points to surpass 2.3% for the first time since July. For the week, the DJIA gained 1.4%, the S&P500 gained 1% and the Nasdaq advanced 1.8%.
Macro :
- Elon Musk: In less than 20 years, owning a car will be like owning a horse http://bit.ly/1WFkvBN
- Swiss Support for EU Bilateral Agreements Drops to 43%: NZZ
- Lagarde Says Better for Fed to Be Certain on Data Before Moving
Keep an eye on :
- ABBN VX : ABB Would Consider Offer for Power Grid Unit, CEO Tells Aargauer
- ABG/P SM : Abengoa Signs Agreement For Gonvarri to Become Main Shareholder
- ABI BB : SABMiller May Confirm Miller Coors Sale Wednesday.: S. Times
- AOI SS : Africa Oil attractive to larger companies, could attract JV partner in 12-18 months
- AIR FP : Boeing Is Confident 2015 Plane Orders Will Match 755 Deliveries
- ATL IM : Atlantia drops plans to sell 30% stake in AdR
- BBVA SM : BBVA Holds Most Catalan Govt Debt Among Spanish Banks: El Mundo
- BMPS IM : Monte Paschi Plans EU1.7b Bad Loan Sale by 4Q, Viola Says
- CSGN VX : Credit Suisse May Cut Bonuses by as Much as 60%, SaS Reports
- ERF FP : Eurofins Scientific Said to Consider Bidding for $1 Billion LGC
- FCA IM : Fiat’s Marchionne Says All Options on Table for GM Tie Up
- GSK LN : Glaxo Says Subcutaneous Benlysta Use Worked Better Than Placebo
- HGG LN : Jupiter and Henderson Fund management eyed for takeover by Wells Fargo
- ITV LN : ITV rumoured to be eyed by Liberty Global - The Times
- IHG LN : InterContinental Hotels Says It Isn’t Considering Sale, Merger
- JUP LN : Jupiter and Henderson Fund management eyed for takeover by Wells Fargo
- NOK1V FH : Nokia would buy Comptel once Alcatel-Lucent deal is completed - Arvopaperi
- PFV GY : Busch would not rule out controlling majority in Pfeiffer Vacuum
- PUM GY : Puma dampens speculation of Kering sale plans
- RNO FP : Renault-Nissan Refuse French Government Push for Merger: Nikkei
- RNO FP : France Could Reduce Its Stake in Renault, PM Valls Says
- RR/ LN : Rolls-Royce resists pressure to give board seat to activist ValueAct
- RDSA NA : Shell Scrapped Project Over Pipeline Uncertainty: Globe & Mail
- SAN FP : Sanofi CEO Sees No Production Site Closings in France: Le Figaro
- SAN FP : Sanofi Says ‘Significant Improvement’ in Sarilumab Patients
- SPM IM : Saipem Chrmn Says FSI Role Makes Finances Stronger: Corriere
- SREN VX : Bradesco May Sell High-Risk Insurance Unit to Swiss Re: Globo
- JDW LN : Wetherspoon mandates CBRE to sell 34 more pubs - The Times
- VIV FP : Vivendi Doesn’t Own Telecom Italia Savings Shares: Spokesman
- VIV FP : Vivendi May Call for Expanded Board at Telecom Italia: Corriere
- VOW3 GY : VW to Pay for Any Swiss Road Tax Shortfall Over Emissions: NZZaS
- VOW3 GY : VW Says Employees Flagged ‘Irregularities’ in Internal Probes
- VOW3 GY : Volkswagen May Offer Cash to Diesel Customers, NYT Says
- YPSN SW : Strong Franc to Cut Ypsomed FY Oper. Profit by CHF4.5M: SoZ