Coordinated ISIS terror attacks on the streets of Paris on Friday night have shaken sentiment that was already on the ropes after last week's equity losses. S&P500 futures opened down 0.6% below 2,000 mark, -0.4% now, Treasuries were bid, Gold was up $8 above 1,990, and JPY was higher across the board - EUR/JPY fell as much as 140pips to 130.60 - a 6-month low. The latest number from officials in France estimate 132 killed and over 300 wounded, while the French air force has already begun its retaliation campaign with a bombing raid on an ISIS militant base in Syria. The terror threat will play into the debate over the need for further monetary policy action, primarily by the ECB but also possibly a continuation of a wait-and-see approach at the Fed. Fed funds futures probability for a December hike was at 70% on Friday, but will likely tick lower on Monday. FT interview with Fed's Rosengren - a voter on the FOMC next year - suggested that at least in his case, there were no reservations. In fact, Rosengren expressed some concern over commercial lending, and hinted that rates may need to rise at a faster pace than anticipated.
Nikkei -1.04% Hang Seng -1.50% Shanghai +0.18%
Eur$ 1.0730 JPY 122.43 CNY 6.3684 GBP 1.5223 CHF 1.0063 RUB $66.7608 WTI $40.98
S&P -0.41% EuroStoxx -1.64% Dax -1.62% SMI -0.81%
Macro :
- Paris Attacks Show Another EU Vulnerability to Markets: Eurasia
- ECB Says Capital Gap of EU1.74b Identified in Balance-Sheet Test
- Former U.K. Business Secretary Says Recovery at Risk: Telegraph
- U.K. Must Be Prepared for British Casualties, Cameron Says
- Leaders of G20 meeting in Turkey on Sunday and Monday are likely to approve a major overhaul of the international rules governing corporate taxes
Keep an eye on :
- ABI BB : AB InBev could be forced to divest Grolsch UK, Peroni UK, Distell, Efes, Interbrew Italia and Dutch brands
- ABY US : Abengoa Yield to Change Name, Hire U.S. CFO: El Economista
- ALO FP : US fines Alstom $772M for violations of the Foreign Corrupt Practices Act
- ATC NA : Altice Said Seeking to Expand Cablevision’s Fiber Into NYC: NYP
- BG/ LN : Shell, BG shareholder QIA sells almost GBP 1bn of stock, raising questions over merger - Sunday Times
- EDPR PL : EDP Renovaveis Awarded Long-Term Contract for 140 MW in Brazil
- FER SM : Ferrovial Sees $269m Return on Chicago Skyway Stake Sale
- DLG GY : Elliott Ups Dialog Voting Rights to 5%; Still Against ATML Deal
- DLG GY : Dialog Semiconductor Has Investor Support for Atmel Deal: Euro
- ERICB SS : Cisco Rejects Ericsson Takeover Speculation
- ERICB SS : Ericsson Chairman Says No Cisco Deal Has Been Discussed, DI Says
- HEN3 GY : Henkel CEO Says U.S. Growth Ambitions Will Keep Him at Helm
- JEN BB : Jensen-Group 9-Mo. Sales Climb 18% to EU218.2m; 3Q Rev. Up 7.3%
- BAER VX : Julius Baer Agrees to Buy Majority in Kairos, Plans Listing
- KBC BB : KBC 3Q Net Beats Ests.; Bank Generates 71bps of Capital in Qtr
- LMI LN : PIC to Mull Lonmin Mgmt Changes After Rights Issue: Sunday Times
- MEDAA SS : Meda: Expected Decrease in Valeant Royalties Won’t Affect M&A
- NESN VX : Nestle Should Shun Areas Where No Value Added: Brabeck in Blick
- PNL NA : De Mol Increases PostNL Stake To 5.04%, Regulatory Filing Shows
- PRS SM : Prisa to Sell 6.4m New Shrs to Intl Media Group in Cap. Increase
- RR/ LN : Rolls Royce Review to Include Cutting Management Jobs: S. Times
- SHP LN : Shire’s Firazyr Gets Paragraph IV Patent Challenge, FDA Says
- SOON VX : Sonova 1H Rev. In Line With Estimates; Lowers 2015/16 Goals
- SYNN VX : MON, DD Interest on Syngenta Remains High; Could Act Quickly: DB
- SYNN VX : Syngenta Shareholders’ Group Urges Talks With ChemChina
- TIT IM : *JPMORGAN OWNS 5.1% OF TELECOM ITALIA AS OF NOV. 6: CONSOB
- TEF SM : Telefonica DE CEO Shrugs Off Claims Against E-Plus Deal: Welt
- TRE IM : Tecnicas Reunidas 9M Net Rises 16 Percent to EU115M
- VOW3 GY : VW to Present Investigation Commission Fix for 1.6L Diesel: SZ
- VOW3 GY : VW Said to Seek as Much as EUR20b in Bridge Financing
- VOW3 GY : VW Works Council Head Calls for New Group Strategy: Sueddeutsche
- VOW3 GY : Ducati and Lamborghini not up for sale – Il Sole 24 Ore
- WPP LN : WPP CEO Says Terrorism Sows Uncertainty That Hurts Business