Weekly Performance
Dow +0.88% S&P +0.67% Nasdaq +0.44% Russell -0.03% Mexico +0.78% (+2.85% in $) Brazil -2.63% Nikkei +0.96% (-0.74% in $) Hang Seng -1.72% Shanghai -1.08% EuroStoxx +3.01% FTSE +1.80% CAC +3.09% Dax +1.89% Ibex +3.65% MIB +5.74% SMI +1.69%
The stock markets started the week on hold as investors slowed down the pace and strength of the recent bull run. Markets were muted at the beginning of the week, awaiting President Trump's speech to Congress on Tuesday evening. Investors were looking for some concrete details on economic policy including tax reform, which the speech failed to deliver. Trump did, however, strike what many considered a much more presidential tone while promising a $1 trillion infrastructure spending spree. Global stock markets received the comments extremely well sending the Dow up above the 21,000 mark for the first time. For the week, the DJIA gained 0.9%, the S&P500 rose 0.7%, and the Nasdaq added 0.4%
Macro :
- U.S. to Impose Duties on Stainless Steel Sheet From China
- China Ready to Meet Challenges From Trump White House, Fu Says
- EPA expected to reopen vehicle emissions decision: source - http://reut.rs/2mQ10aM (Reuters)
- Germany, France, Italy Spar Over EU Defense Fund: Handelsblatt
Keep an eye on :
- ADN LN : Aberdeen Asset, Standard Life Said to Mull GBP11b Merger: Sky
- AIB ID : Ireland Said to Sell 25% AIB Stake in IPO Within Weeks: Times
- AGS BB : Ageas Keen to Increase Holding in IDBI Federal Life to 49%: PTI
- AZA IM : Alitalia Plan May Include 2,000 Job Cuts: Il Sole 24 Ore, Needs Capital, Funding of About EU1.3b: Messaggero
- BAS GY : BASF Plans to Invest 3b Euros in Asia-Pacific 2017-2021: BS
- BT/A LN : Du Plessis Said Frontrunner for BT Chairman Role: Sunday Times
- BC IM : Cucinelli Looks to E-Commerce to Boost Growth: Il Sole
- DB1 GY : Deutche Boerse Board Says Kengeter Is Right Man as CEO: FAZ
- DBK GY : Deutsche Bank Extends Declines; Confirms Potential Capital Boost
- DBK GY : Deutsche Bank Supervisory Board Said to Meet Sunday: Reuters
- ERICB SS : Ericsson CFO Says Earnings, Cash Flow a Priority This Year: BZ
- XOM US : Exxon Mobil Seeks License for $5b Guyana Crude Project: El Mundo
- GFK GY : KKR Takeover Offer for GfK Exceeds Minimum Acceptance Threshold
- ISP IM : Intesa CEO Says Le Pen Victory Could Be Damaging: Corriere
- MBTN SW : Meyer Burger CEO Braendle Hopes to Cut Costs Further: FuW
- NOVOB DC : Novo Nordisk Sues to Block Teva Copy of Diabetes Drug Victoza
- OMV AV : OMV Reaches Agreement for Sale OMV Petrol Ofisi to Vitol Group
- P US : Pandora shares surge amid speculation about a sale - NYT
- UG FP : PSA Sets Monday Press Conference With GM: PSA Spokesman
- PFD LN : Premier Foods major shareholder Nissin urged to sell or launch takeover
- SAN FP : Sanofi, Regeneron Report Positive Results From Dermatitis Drug
- SBRY LN : Sainsbury’s to Cut 400 Jobs in Shake-Up of Operations: Guardian
- SIG US : Signet Drops; Earlier NYT Story Discussed Company Accounting
- SNAP US : MSCI to Reassess Snap Inclusion in USA Index at May Review
- TWX US : Sprint Wins $139.8 Million Verdict Against Time Warner Cable
- UBER IPO : Uber Said to Have Used Greyball Tool to Deceive Authorities: NYT