Weekly Performance
Dow +1.33% S&P +0.92% Nasdaq +1.41% Russell Mexico +2.33% Brazil -0.17% Nikkei -1.13% Hang Seng +0.73% CSI -0.56%
Shanghai -0.73% Shenzen +0.51% EuroStoxx -0.86% FTSE +1.31% CAC -0.92% Dax -0.38% Ibex -1,65% OMX -2.98% SMI+0.81%
US stock markets looked to finish the week at all-time highs once again despite lingering concerns around handful of Republican Senators’ willingness to support the final terms of the tax bill. Friday’s rally, fueled by options expiration and an S&P rebalance, was largely predicated on the belief the Republicans will ultimately prove to be successful in pushing a tax cut package through Congress next week. The economic data remained robust supporting the FOMC’s decision to raise rates on Wednesday, as was expected. Thursday’s stronger than expected retail sales numbers had economists revising Q4 GDP expectations higher into the mid 3% range. A host of other key central banks met as well, largely matching market expectations by indicating they were staying the course on stimulus. European officials pushed to ball forward in terms of Brexit, but a high profile political defeat for PM May only solidified expectations that round two of the negotiations will be even more complicated.
Macro :
- Bitcoin Heads to Bigger Wall Street Stage as CME Debuts Futures
- BlackRock Says Politicians Should Support Bank Mergers: FAZ
Keep an eye on :
- AIR FP : Trump Admin Is Said to Study Banning Aircraft Sales to Iran: WSJ
- AIR FP : Embraer Sees Starting Commercial Service W/ Uber in 2024:Reuters
- AKAM US : *AKAMAI TECHNOLOGIES HOLDER ELLIOTT TO CONSIDER MAKING PROPOSALS
- STS IM : Ansaldo STS Cuts 2017 Rev. Guidance on Some Contracts Delay
- ASTON MARTIN IPO : Aston Martin Owners Are Said to Hire Lazard for Options: Reuters
- BBVA SM : BBVA Says Finance Industry in Consolidation Phase: Vanguardia
- USE GY : Undritz Is Said to Oversee Beate Uhse Insolvency: Handelsblatt
- BMW GY : BMW Sees Cobalt Demand Accelerating Faster Than Expected
- BNP FP : Polish Regulator Cuts Extra Capital Buffer For BGZ BNP Paribas
- CON GY : Continental Targets Electro, Hybrid Break-Even by 2021: BZ
- DEA GY : DEA Sells Stakes in Nyhamna, Polarled and Gassled to CapeOmega
- DTE GY : Deutsche Telekom Maintains StreamOn Doesn’t Violate EU Law
- DIS US : Disney: ’The Last Jedi’ on Track for Second-Biggest Day Ever
- ENI IM : Egypt Starts Natural Gas Production from Eni Field: Oil Minister
- EI FP : Essilor Luxottica to Be Listed in Milan too: Founder to Corriere
- GTO NA : *THALES IN PACT TO BUY GEMALTO AT EU51/SHR IN ALL-CASH OFFER
- HEN3 GY : Henkel to Keep All Options Open Regarding Takeovers: Euro Am S.
- III LN : 3i Infrastructure Sells Anglian Water Group Stake for ~GBP395M
- LSE LN : Lone Capital Is Said to Back TCI on Ousting LSE Chair:Telegraph
- NDA SS : Nordea CEO Sees Norway Unit Less Affected by Job Cuts: FA
- RYA LN : German Union Says Strike Pulled Once Ryanair Schedules Meeting
- SHP LN : Shire Files Injunction Against Roche Over Hemlibra
- SHP LN : Shire shareholders wary of potential sale or spin-off of neuroscience division - The Times
- SHN GY : Steinhoff to Meet Creditors, Insurers in London Tues.: S. Times
- TEL2B SS : Tele2 to Propose Nomination of Georgi Ganev as New Chairman
- TEVA IM : Teva Extends Rally, Supply Chain Stocks Climb: Health Wrap
- HO FP : Thales Makes Cash Bid That Values Gemalto at $5.42 Billion
- UBSG SW : UBS to Talk About Next CEO When Time Comes, Weber Tells NZZ
- UNA NA : Unilever to Sell Spreads Business to KKR for EU6.83b
- VWS DC : Vesta Gains as Industrial Property Deal Outweighs Nafta Risks
- ZC FP : *EU ANTITRUST IS SAID SET TO APPROVE ZODIAC/SAFRAN DEAL: REUTERS