Friday US markets on close: Dow -0.2%, S&P500 -0.2%, Nasdaq -0.2%, VIX 12.9 (-0.5pts); Treasuries: 2-yr 1.08% (+2bps), 10-yr 2.34% (+6bps), 30-yr 3.02% (+3bp), Best Sector in S&P500: Conglomerates, Worst Sector in S&P500: Healthcare. Oil prices rise over 1% in electronic trade; Iraq's al-Luaibi said he plans to offer new proposals at Vienna meeting for output cut, Iran's oil min expressed confidence that members will reach a consensus, and Russia's Putin stated it would not be hard for Russia to freeze oil output. China Pres Xi: US-China relations are at a "hinge-moment" following US presidential elections; Hopeful for a smooth transition in relations with pres-elect Trump. Goldman Sachs: China property developers may begin to cut prices in Q1 of 2017. Japan: Trade balance misses consensus on headline but beats on adjusted basis for its best print in nearly 5 years; Exports fall for 13th straight month, imports fall for 22nd straight month; Exports to Europe, Asia and China down just over 9%, exports to US down over 11% y/y.
Nikkei +0.77% Hang Seng -0.10% CSI +0.43% Shanghai +0.51%
Eur$ +1.0607 CNH 6.9168 CNY 6.8980 JPY 111.04 GBP 1.2342 CHF 1.0095 RUB 64.6163
S&P +0.15% EuroStoxx +0.16% DaX +0.09% SMI -0.18%
Macro :
- Trump Presidency to Put Economic Pressure on Europe: Atos CEO
- Kentucky Pension May Stay in Some Hedge Fund Strategies: Peden
- A $19 billion hedge fund is trying to recruit tech talent with a coding contest
- Dealbook: Trump Adviser Takes Stake in China Ride-Sharing Company
- Network Rail Break-Up Mulled by U.K. Government: Sunday Times
- Moscovici Urges More EU Fiscal Stimulus: El Pais
- Airbnb Seeks to Complete 700 Tax Agreements in Cities: FT
Keep an eye on :
- AIR FP : Airbus Faces New Fines for Delays of A400M Plane: Spiegel
- AB1 GY : Tuifly, Air Berlin Leisure May Agree Merger This Week: HB
- AIXA GY : Aixtron Says Cfius to Recommend Against Purchase by Grand Chip
- ATC NA : Altice/SFR Media to Cease Publishing Expansion, AFP Reports
- ATC NA : Altice/SFR Media to Cease Publishing Expansion, AFP Reports
- BAYN GY : Bayer’s Financing for Monsanto Purchase Is Secure: Tagesspiegel
- BCP PL : BCP to Postpone Shareholder Meeting on Voting Rights: Negocios
- BCP PL : Fosun International Agrees to Buy 16.7% of BCP for EUR174.6 Mln
- BT/ LN : BT Says Openreach Dispute Delays GBP6b Investment: Telegraph
- CNA LN : Tokyo Gas Teams With Centrica to Cut LNG Shipping Costs: Nikkei
- CSGN VX : Credit Suisse’s Swiss Unit Kicks Off Operations Ahead of IPO
- DAI GY : Daimler Electric Shift Could Hit 6 of 7 Jobs: Manager Magazin
- DENERG DC : Dong Energy's oil and gas unit interests AP Moller-Maersk and EIG
- ELIOR FP : Elior Enters India, Buying Megabite Food Services, CRCL
- ENGI FP : Engie in Advanced Talks With Neptune Over Oil Unit Sale: Times
- FB US : Facebook Reports Stock Buyback of Up to $6b of Class A Shares
- GSK LN : GSK Gets FDA Approval for Expanded Use of FluLaval Quadrivalent
- INTC US : Intel Said to Plan Job Cuts in Wearables Group: TechCrunch
- ISP IM : Italian Banks Discount Keeps Widening, Intesa Still Favored: CS
- LHN VX : LafargeHolcim Sees ‘Very Encouraging’ U.S. Prospects: Investir
- LECN VX : Leclanche & Narada Power Sign Global Alliance
- LLOY LN : Lloyds Said to Be Lead Bidder for BofA U.K. Credit Card Unit: FT
- MGGT LN : New Meggitt COO in line to become CEO next year; activist Elliott approaches Honeywell, others for sale
- NESN VX : Some Nestle Foods Lose Swiss Cross on Labels: Unit CEO in SamS
- NOVN VX : Novartis Exercises Option to Buy Selexys Pharmaceuticals
- PAH3 GY : Peter Daniell Porsche Willing to Join VW Supervisory Board: FAS
- SSABS SS : SSAB Sees Strengthened Momentum in North America in 1Q: DI
- SLB US : Hess Sues Schlumberger for $200 Million-Plus on Faulty Valves
- SFR FP : Altice/SFR Media to Cease Publishing Expansion, AFP Reports
- GLE FP : SocGen Sounding Investors on Italy Consumer Unit Sale: Sole
- FP FP : Petrobras in negotiations with Total to sell stakes in oil fields, two power-plants
- UCG IM : UniCredit Remains a Buy Ahead of Strategic Update: Jefferies
- UTDI GY : United Internet May Pay Higher 2016 Dividend: Euro-am-Sonntag
- VOW3 GY : VW Should Reclaim Board Bonuses, CDU’s Fuchs Tells RND
- VOW3 GY : VW’s Hohmann-Dennhardt Defends Unequal Payout for Customers
- VOW3 GY : Peter Daniell Porsche Willing to Join VW Supervisory Board: FAS