Weekly Performance
Dow +2.16% S&P +1.58% Nasdaq +1.39% Russell +2.31% Mexico -0.32% Brazil +3.66% Eurostoxx +1.97% FTSE -2.20% CAC+1.96% Dax+1.75% Ibex +1.85% MIB +2.08% SMI +1.30% Nikkei +3.29% Hang Seng +0.50% CSI +0.14% Shanghai -0.35% Shenzen +0.61%
US stock markets forged ahead to fresh all-time highs this week as investors maintained a healthy risk appetite despite a host of ongoing risks. Massive Florida power outages following landfall from Hurricane Irma, fallout from the unprecedented Equifax credit breach, more provocative actions from the North Korean regime, and another terrorist attack in London did little to impede sentiment. Washington taking further baby steps towards tax reform likely offset some of those risks. The President's perceived willingness to reach across the aisle on key issues like immigration spurred hopes for a tax deal, while Republicans pledged to release a detailed reform package by the end of the month. For the week, the the DJIA gained 2.2%, the S&P500 rose 1.6%, and the Nasdaq added 1.4%.
Macro :
- Ireland Sees Considerable Difficulties for Digital Tax: Donohue
- EU to Study Brexit Impact on Financial Transaction Tax Proposal
- France Mulling Tax on Trucks, Transport Minister Tells JDD
- ECB’s Praet (Belgium): euro zone still needs substantial stimulus to get back to the near 2% inflation target; will also respond if inflation were to get too high - press interview
Keep an eye on :
- AB1 GY : Air Berlin Pilots Threatening Company With Sick Reports: Focus
- T US : Reportedly considering divestiture of $8B of assets in Latin America - press - Several telecom firms are said to be interest in the assets, including Liberty Global PLC, Telefonica SA, and Millicom International Cellular SA
- BMW GY : BMW Warns of Hard Brexit Risks on Tariff Concerns: Sunday Times
- FCC SM : FCC of Spain Wins Waste Contract for City of Bilbao: Expansion
- GAS SM : Gas Natural Close to Sale of EU1B of Italian Assets: Sole
- NESN VX : Henkell Allies With Ferrers to Control Freixenet: El Economista
- PSM GY : ProSieben Says Promise of Paying Dividend Holds: Euro am Sonntag
- RYA LN : Ryanair to Cancel 40-50 Daily Flights to Improve Punctuality
- SIE GY : Siemens Halted Supplies to Ukraine on Russia Pressure: Naftogaz
- TIT IM : Telecom Italia May Consider Splitting Itself in Two: Sole 24 Ore
- HO FP : Leonardo, Thales May Partner With Fincantieri, STX: Il Sole
- VIV FP : Spotify Is Said to Have Rejected Tencent Approach: TechCrunch
- VIV FP : Vivendi Is Said to Acknowledge Influence at Telecom Italia
- VIV FP : Italy’s Calenda Hints at State Intervention in Tim-Vivendi: Ansa