Weekly Update
Dow-0.13% S&P -0.01% NAsdaq+0.10% Russell +0.57% Brazil +1.37% EuroStoxx -2.52% FTSE -0.83% CAC -2.21% Dax -1.58% Ibex -3.05% MIB -4.05% SMI -2.02% Nikkei -2.21% Hang Seng +0.75% CSI +2.15% Shanghai +1.88%
Major equity indices retreated slightly from record highs in light summer trading, while the 10-year Treasury yield crept up toward 1.6% this week. Crude futures continued to march higher with Brent breaking above $50/bbl for the first time since early July and WTI topping $48/bbl, even as the Baker Hughes rig count rose for the eighth straight week. The greenback hit seven-week lows against the Yen and Euro before mounting a small recovery on Friday. For the week, the DJIA lost 0.1%, the S&P500 slipped less than 0.1%, and the Nasdaq edge up 0.1%.
Macro :
- Uber Said to Tell Backers It Won't Pay Above $2 Billion for Lyft
- Goldman Says Don’t Bet on Dollar Selloff as Dovish Fed Priced In
- BOJ Gov Kuroda: there is room to take rates further negative; sees sufficient chance of more easing in Sept
- Dow Jones Bearish Bias Amplified as FX Risk Ratio Breaks Uptrend
- Fed’s Fischer Says U.S. Growth to Pick Up as Investment Recovers
Keep an eye on :
- AIR FP : Airbus Offers Overtime to Boost A350 Output: Telegraph
- BABA US : Alibaba Seeks to Expand Alipay With U.K. Retailers: Telegraph
- CSGN VX : Credit Suisse Will Consider Swiss Deals After Unit IPO: Blick
- ENI IM : Eni Chief Descalzi Says Contract Talks With Iran Remain Ongoing
- FB US : Zuckerberg Sells ~$95m in Facebook Shares for Philanthropy, Facebook CFO David Wehner Sells ~13% of Reported Holdings
- LYFT IPO : Lyft Said to Fail to Find a Buyer, Despite Talks: NY Times
- MGGT LN : Meggitt Chairman Said to Have Met With Elliott Twice: Telegraph
- SAN FP : Sanofi Updates NDA on Diabetes Product; Pdufa Date Now in Nov.
- SNH GY : Steinhoff thirsty for more deals in bid to double valuation in five years
- VIV FP : Vivendi Declines to Comment on Mediaset Lawsuit Filed in Milan - see press release http://bit.ly/2b8CRda
- VOD LN : Vodafone's fixed lines in the Netherlands attract interest from T-Mobile and Fiber - report
- VOW3 GY : UBS Says Supplier Dispute May Cost VW Up to EU100m a Week: Welt
- VOW3 GY : VW to Reduce Wolfsburg Golf Production on Lower Demand: Bild
- WPP LN : WPP’s Sorrell Warns of Prolonged, Costly Brexit: Sunday Express