Friday Close : Dow +0.36% S&P+0.39% Nasdaq +0.34% Russell +0.38% BEst Sector : Conglomerates Worst : Basic Materials
JPY leads in an active FX session as USD falls across the board amid growing uncertainty going into Wednesday OPEC meeting and Sunday referendum in Italy and elections in Austria; US presidential transition wrinkled by potential Clinton challenge of polls in battleground states. Fillon victorious in France center-right primaries; Juppe concedes. Crude oil falls as much as 2% on reports Saudi energy min no longer sees the need for production cuts ahead of Wednesday meeting in Vienna; Ministers to hold preliminary talks in Russia on Monday.
Nikkei -0.13% Hang Seng +0.94% CSI +0.60% Shanghai +0.64%
Eur$ 1.0643 CNH 6.9233 CNY 6.9027 JPY 112.04 GBP 1.2498 CHF 1.0102 RUB 64.7462 WTI$ 45.95 -0.26%
S&P -0.20% EuroStoxx +0.13% FTSE +0.02% Dax -0.10% SMI +0.06%
Macro :
- Even If OPEC Gets a Deal, It Risks Reviving Battered Oil Rivals
- Carney in Talks on ‘Brexit Buffer’ for U.K. Companies: S. Times
- Russia Says OPEC Needs Internal Consensus Before It Joins Deal
- EU Commission Accelerates Fight Against Online Tax Fraud: Welt
- Japan PM Abe's Council on Economic and Fiscal Policy approves budget guidelines, targeting spending of ¥97T for FY17/18, up form ¥96.7T in FY16/17 - Nikkei - Social security spending said to account for much of the increase, rising about ¥500B
- IMF Indecision on Bailout Criticized by Greek Economy Minister
- Spain Govt to Approve 2017 Spending Cap of About EU118b: EP
Keep an eye on :
- AIR FP : WTO May Rule Boeing Received Illegal Subsidy on Jetliner: WSJ
- ALO FP : French Industry Secretary to Meet Alstom CEO on Belfort Center
- AAL LN : Anglo American Los Bronces Mine Occupied: Co. Statement
- ALO FP : Alstom Requested Additional Information From Renfe About Tender
- ARYN VX : Aryzta 1Q Total Revenue Declines 3.3%; EPS Outlook Unchanged
- BARC LN : Barclays to Revamp Stockbrokers, Rename as Direct Investing: FT
- BPE IM : Popolare Emilia Approves Transformation Into Joint-Stock Company
- BMPS IM : Qatar Fund Cuts Possible Paschi Investment to EU750m: Repubblica
- BMW GY : BMW Raises Venture Capital Unit to EU500m: Handelsblatt
- BARN SW : Barry Callebaut CEO Wants to Make Sustainability Norm: Blick
- BWO NO : BW Offshore 3Q Net Loss Widens; To Carry Out Reverse Share Split
- COB LN : Cobham directors accused of unlawfully transferring cash - FT
- DBK GY : Deutsche Bank Owes Over EU30m in Bonuses to Ex-Managers: Welt
- DPW GY : Deutsche Post CEO Sees 10% Increase in Holiday Deliveries: BamS
- DTE GY : Deutsche Telekom Network Down in Parts of Germany
- DNLM LN : Dunelm Said to Be in Talks to Buy Retailer WorldStores: Sky
- EDF FP : France’s EDF, Veolia Interested in Bulgarian Nuclear Plant: Trud
- EMS SW : EMS CEO May Move Activity Abroad If Corp. Tax Reform Fails: SZ
- ENGI FP : Odebrecht Sells Project in Peru to Brookfield Asset, Suez: Valor
- EOAN GY : E.ON appoints team to fend off hostile takeover attempts
- EOAN GY : EON Risks Priced In, RWE Continues to Face Uncertainty: HSBC
- IFX GY : Infineon has not been approached by potential bidders from China999
- LCL LN : Ladbrokes Planning Bid for Australia’s Tabcorp: Mail on Sunday
- LSE LN : CME Group Tables Bid for LSE’s Clearing Ops in France: S. Times
- LHA GY : Pilots Discussed Lufthansa Strike Extension Until Nov. 30: Bild
- LHA GY : Lufthansa Pilots Plan to Strike Again on Tuesday, Wednesday
- MC FP : LVMH’s Biver Says 2017 Will Be Better for Watchmakers: SZ
- MC FP : LVMH Said to Be in Talks to Buy Cyclewear Company Rapha: Mail
- MBWS FP : Marie Brizard Unit Gets Coca-Cola Poland Distribution Contract
- MAERSKB DC : Maersk, Dong Hire Advisers for Oil Unit Merger: Sunday Times
- MHG NO : Marine Harvest May Get 4 Development Licenses for Egg Concept
- MRK GY : Merck to Close Several Sites After Sigma-Aldrich Purchase: FAZ
- NG/ LN : National Grid to be spared from break-up - FT
- NOVN VX : Novartis Unit Sandoz Is Looking for Acquisition Target: SZ
- PLND LN : U.K.’s Poundland to Close as Many as 80 Stores: Telegraph
- RBS LN : RBS May Struggle to Sell All of Williams & Glyn: S. Telegraph
- RDSA NA : Shell Won’t Return to Alaska for Exploration, CEO Tells Dagblad
- SAN FP : Bozzetto attracts interest of Sanofi - Il Sole 24 Ore
- STM GY : Stabilus Full-Year Ebit Margin Rises, Sees 2017 Sales Increase
- TEF SM : Telefonica Negotiating Partial Sale of Telxius: El Economista
- FP FP : Capital increase reserved to employees. Total plans to offer 18 million shares with a nominal value of €2.50 each, representing a total nominal amount of €45 million, which is the equivalent of 0.7% of the Company's share capital as of October 31, 2016. Employees held 4.9% of the Company's share capital as of December 31, 2015.
- UCG IM : UniCredit Still Underweight at Barclays Ahead of Dec. 13 CMD
- VER AV : Verbund open to acquisitions in Germany
- VIE FP : Veolia Fires Water Executive and Auditor, Echos Says