S&P 500 & NASDAQ – CLOSE AT RECORDS, BOOK WEEKLY GAINS. The S&P 500 and Nasdaq Composite finished at all-time highs Friday, with all three main benchmarks booking their first weekly gains in three weeks. Retailers were in focus amid the Black Friday shopping holiday, a day after domestic markets were closed in observance of Thanksgiving. ASIAN MARKETS – ARE TRADING LOWER on Monday. Focus remains on CHINA, where mainland indexes have extended recent heavy declines. Losses follow a pickup in concerns about bond yield volatility and corporate refinancing requirements. Recent asset management regulation reforms have also played into the bearish narrative. At the same time, stronger commodities saw industrial profit growth remain at elevated levels. The PBoC also backed off liquidity operations, making no net change to market funds via its open market operations. Elsewhere, THE NIKKEI turned down alongside the dollar-yen following a positive open. KOREAN EQUITIES are underperforming the region with Samsung a notable drag amid sector-wide weakness. Oil has backed away from its highest since June 2015.
Nikkei -0.24% Hang Seng -0.73% CSI -1.52% Shanghai -1.12% Shenzen -1.63%
Eur$ 1.1920 CNH 6.6005 CNY 6.6054 JPY 111.43 GBP 1.3312 CHF 0.9808 RUB 58.3952 WTI$ 58.62 -0.56%
S&P -0.08% EuroStoxx -0.28% FTSE -0.14% DAX -0.21% SMI -0.06%
Macro :
- Longest S&P 500 Rally Ever? It’s Wall Street’s Official Forecast
- Bond Traders Start to See Crack in Fed’s Resolve About Inflation
- U.K. Could Be Set Back for Missing EU’s Deadline, Davidson Says
- El Pais Poll: 71% of Catalans Favor Govt Accord to Solve Crisis
Keep an eye on :
- ADS GY : Adidas CEO Rorsted Says He Won’t Join Bayern Munich Board: BamS
- AKZA NA : Buy Axalta as Nippon Paint Antitrust Risk Manageable, UFP Says
- ALV GY : Allianz Plans Full Euler Hermes Takeover With EU122/Share Offer
- ARYN SW : Aryzta 1Q Revenue EU909.7m; Est. 906.5m; N. America Sales Slump
- ATC NA : Altice should avoid fire sales, no urgent balance sheet requirement – bankers (MergerMarket.com)
- ALV GY : Allianz GI Plans More Acquisitions, CEO Tells Welt Am Sonntag
- AZA IM : Alitalia Received 3 Bids, Stampa Reports Citing Minister Calenda
- BAB LN : potential exlusion of FTSE 100
- BMPS IM : Alken Seeks EU434m Damages From MPS on Derivatives: Repubblica
- BMW GY : Karsan to Use BMW Electric Model i3’s Engine, Battery: Hurriyet
- BMW GY : BMW to Spend EU1.5b More Than Planned in R&D: Handelsblatt
- CBK GY : UBS Team Examining Commerzbank Options: NZZ am Sonntag
- ECP FP : Europacorp to Refocus on Core Business; Could Sell Assets
- ENI IM : Eni Says Preventive Seizure Order of Measurement Devices Lifted
- EVK GY : Evonik Will Focus on Integration for Now, CEO Kullmann Tells SZ
- FAGR BB : Fagron CEO Hans Stols Steps Down, Succeeded by Rafael Padilla
- FCA IM : Magneti Marelli May Be Valued at EU4b-EU6b in IPO: Sole
- FCA IM : Magneti Marelli to have 50% stake floated - La Republicca
- GATE SW : HNA Gave False Detail on Gategroup Bid, Says Swiss Regulator
- GFC FP : *GECINA SIGNS A PRELIM PACT W/ ICADE TO SELL PONANT D BUILDING
- ICAD FP : Icade to Buy Paris Ponant D Building From Gecina for EU55.5M
- ICAD FP : Icade Raises Outlook as FY Dvlp Unit Rev Seen at Around EU1.2B
- JNJ US : J&J Is Said to Pull Plan for 1st U.K. Research Centre: Telegraph
- JE/ LN : potential inclusion in FTSE 100
- BAER VX : Julius Baer CEO Resigns as Bernhard Hodler Takes Over as CEO
- LHA GY : Lufthansa Says It’s Ready for German Cartel Office Probe: WamS
- MERL LN : potential exlusion of FTSE 100
- MBTN SW : Meyer Burger Offers to Convert CHF100m 5.5% Convertible Due 2020
- QIA GY : Qiagen, MSD Are Said to Announce Investments in UK on Monday:FT
- ROG VX : Roche Diagnostics CEO Sees Investments in New Technologies: SamW
- RYA LN : Ryanair to Review Pilot Leave Policy After Flight Cancellations
- SNG GY : Intends capital increase of up to 10% to strengthen its equity and the financing of order intake
- SNAP US : Director Mitch Lasky (Benchmark) sold 25K shares at $12.38 on 11/21 - Lasky, who's Benchmark was an early investor in Snap, still holds 270K shares
- STAN LN : StanChart May List Chinese JV It Launched Earlier This Year: FT
- STM GR : Stabilus Full Year Revenue Meets Estimates
- UBSN SW : UBS Team Examining Commerzbank Options: NZZ am Sonntag