Weekly Performance
Dow -0.68% S&P -0.41% Nasdaq -1.07% Russell -0.42% Mexico -1.95% Brazil +3.17% (+4.95% in $) Nikkei -2.12% (+0.07% in $) Hang Seng -1.02% CSI -0.12% (+0,87% in$) Shanghai -0.06% Shenzen +1% EuroStoxx +0.11% (+1,60% in $) FTSE -0.82% (+1.04% in $) CAC -0,19% Dax +1.33% Ibex -1.90% MIB -0.37% SMI -0.33%
Many investors returned from summer breaks to find a host of issues weighing upon the market. The holiday-shortened week began with traders aggressively paring back risk in light of the escalating tensions in North Korea surrounding its latest nuclear test. With the post-hurricane recovery in Texas still just getting underway, the potentially catastrophic hurricane Irma barreled towards Florida. Economists began to downgrade Q3 growth forecasts, believing near term business activity and productivity will surely be depressed by these two historic storms, though the Fed's Dudley noted that hurricane effects are transitory and likely to reverse by early 2018 as reconstruction gets underway.
Macro :
- Ministers to Propose New EU Tax Push on U.S. Tech Cos.: FT
- Oliver Wyman: MiFID II to Cut Research/Execution Spend by ~$1.5b
Keep an eye on :
- ABN NA : ABN Amro Investor Parvus Sells Its Stake in Bank: Telegraaf
- AIR FP : Boeing Is Said to Get SES 03B Constellation Order: Tribune
- AZN LN : AstraZeneca’s Imfinzi, Tagrisso Succeed in Lung Cancer Trials
- BNP FP : BNP Hires Paul Frankfurt for European Blocks Business
- BP/ LN : BP Said Near to Starting Search for Chairman Successor: S. Times
- CRG IM : Banca Carige Seeks to Return to Profit in 2018: Sole
- EVK GY : Evonik Plans Cost Cuts, Bolder Acquisitions Program: Rheinische
- FCA IM : FCA Seen Considering Magneti Marelli Sale or Spin-Off: Corriere
- GLEN LN : Glencore and Qatar Investment Authority to sell 14.16% stake in Rosneft to CEFC
- MC FP : LVMH’s Zenith CEO Expects Single-Digit 2017 Growth: NZZamS
- NESN VX : Nestle Said to Be Looking at Merck KGaA Units: Reuters
- UG FP : PSA to File Legal Complaint After Le Monde Diesel-Probe Report
- SBRY LN : Sainsbury Chairman Tyler Is Said Likely to Leave Next Year: Sky
- SCR FP : Scor Sees Minimal Co. Loss From Irma Damage to French Caribbean
- LOCAL FP : SoLocal Group CFO Virginie Cayatte to Step Down by Year End
- SREN VX : Natural Disasters Not Major Issue for Swiss Re, SamW Reports
- UN01 GY : Uniper Sees Potential Asset Purchases, CFO Delbrueck Tells FAZ
- FR FP : Valeo Workforce May Grow to 130,000 in 5 Years, CEO Tells JDD
- VIV FP : Italy Govt Commission on Vivendi to Work Until Sept. 25: Sole
- WOL AV : Wolford to be sold by end of 2017; Mei-Pochtler reportedly interested