Weekly Performance
Dow -0.37% S&P -0.67% Nasdaq -0.37% Russell -1.21% Brazil +4.70% Nikkei +2.49% Hang Seng +2.38% CSI Closed Shanghai Closed EuroStoxx -0.06% FTSE +2.10% CAC+0.04% Dax+0.82% Ibex -1.77% MIB +0.03% SMI -0.18% WTI $49.81 (+3.25%) Gold 1,257 (-4.47%) Silver -8.49% Copper -1.79%
US Gets "Goldilocks" Jobs Report; Brexit Redux and ECB Tapering Are Latest Worries for Europe October trade kicked off in an orderly manner but as the week progressed many of the same underlying cross currents returned to the surface resulting in market swings. WTI crude futures gained a foothold above $50 for the first time since early July helped by generally improved ISM data globally and large declines in weekly crude inventory figures. The British Pound continued to fall to fresh 3 decade lows largely on the backs of tough talk from various European officials surrounding Brexit. The move culminated in what many referred to as a "flash crash" into the Asian trading session on Friday. Cable trades briefly printed below 1.20, down some 10 big figures before rebounding into the US open.
Macro :
- German States Want Combustion Engines Banned From 2030: Spiegel
- Germany Produces Too Much Energy, Austria Minister Tells Spiegel
- U.K. Businesses Call on May to Avoid Loss of EU Access: FT
- ECB’s Draghi Said to Tell G-20 No Problem W/ Bank Solvency: Rtrs
- El-Erian: BOJ Somewhere Between Ineffective, Counterproductive
- Germany Plans Steps to Attract Banks Shifting From London: FT
Keep an eye on :
- ABI BB : AB Inbev Says 58.7% of SAB Shares Elect Cash Consideration
- ABI BB : FT : Hard work on AB InBev mega deal begins now
- ABN NA : Dutch Govt Keeps Preference to Reduce Holding in ABN Amro: ANP
- AI FP : Air Liquide Completes Refinancing of Airgas With Rights Issue
- AIR FP : Boeing Wins Deal From Qatar Airways That May Reach ~$18.6b
- AAPL US : AT&T Said to Consider Stopping All Samsung Note 7 Sales
- ALV GY : Matthew May Have Caused $4b-$6b in Insured Losses: CoreLogic
- ATL IM : Atlantia May Sell About 15% in Autostrade: CEO Tells Messaggero ( bought it in 2003 )
- AYA US : Amaya Said to Get Interest From William Hill, GVC, PE: Reuters
- BAYN GY : Bayer Won’t Push GMO Seeds Into Europe, CEO Tells Sueddeutsche
- BMPS IM : Ex-Italy Minister Preps Alternative Monte Paschi Plan: Reuters
- AM FP : +ve article in Barrons pushing defense stock Dassault Aviation mentionned
- DL NA : Delta Lloyd wants to sell for not less than EUR 3bn, EUR 6.50 per share, Het Financieele Dagblad
- DL NA : NN Should Raise Delta Lloyd Bid at Least EU600m, FD Says
- DBK GY : Deutsche Bank Should Sell Further Assets, El-Erian Tells HB
- DBK GY : Qatar Said Unlikely to Raise Stake in Deutsche Bank: Reuters
- GS US : Goldman May Move 2,000 Jobs From London on Brexit: Sunday Times
- LUN DC : Lundbeck Wins FDA Approval for Carnexiv in Epilepsy Patients
- MONC IM : Canada Goose preparing for IPO - looking for $2bil valuation - WSJ
- NOVN VX : Novartis Combo Cuts Cancer Progression or Death Risk
- NOVOB DC : Novo Nordisk Fails to Win FDA Approval for Faster-Acting Insulin
- ORA FP : Orange Belgium Seeks 10% of Nation’s TV Market, CEO Tells Soir
- RYA LN : Ryanair Cancels Greece Flights, Wants EU/Greek Govt Intervention
- SAB LN : AB Inbev Says 58.7% of SAB Shares Elect Cash Consideration
- CRM US : Salesforce Shareholders Opposed Bidding for Twitter: NYT
- SOON VX : Sonova Won’t Buy Another Retail Chain, CEO Tells NZZ am Sonntag
- SHP LN : +ve article in the Barron's, Baxalta could help boost shp share by 25%
- HO FP : +ve article in Barrons pushing defense stock Thales mentionned
- TKA GY : Tata May Merge European Arm With Thyssenkrupp: Sunday Times
- TSLA US : Musk: Not Necessary for Tesla, SolarCity to Raise Equity in 4Q
- TWTR US : Salesforce Shareholders Opposed Bidding for Twitter: NYT
- UBSG VX : Too Early to Tell If UBS Will Move London Jobs, Zeltner Tells SZ
- UCG IM : UniCredit Said to Sound Out Bank Interest in FinecoBank: Reuters
- UNI IM : Unipol Bank Considers Merger With Larger Italian Rival: Il Sole
- FR FP : Wheego and Valeo get California road driverless testing permits - TechCrunch
- VOW3 GY : VW Has Possible Buyer for Its Biggest Corporate Jet: Frankfurter (Airbus 319 but still have 9 Dassault)
- VOW3 GY : VW Lawyers Say CEO Didn’t Know of Diesel Manipulations: Bild
- WMH LN : William Hill Deal With Amaya May Be Close: Sunday Times