Friday Close : Dow -0.11% S&P+0.04% Nasdaq +0.09% Russell +0.03% Best Sectors : Utilities Worst Sector : Financials
In a high-turnout referendum, PM Renzi lost his bid for Senate reform with nearly 60% of the voters casting their ballots as NO; Renzi to tender his resignation to Italian president on Monday who will then announce plans for forming a new govt; Euro-skeptic party leader Grillo says his supporters are ready to take the reins. Euro falls as much as 1.5% in early Asian trade on the referendum results before paring declines to $1.0560's. Focus falls on Italian yields and banking sector. China Caixin Services PMI hits a 16-month high, beating consensus. Hong Kong PMI in contraction for 21st straight month, but the figure is the highest since early 2015. Nigeria Oil Min: Expect to maintain 1.9M bpd output
Nikkei -0.82% Hang Seng -0.70% CSI -1.67% Shanghai -1.24%
Eur$ 1,0554 CNY 6,8886 GBP 1.2688 JPY 113.48 RUB 63.98 CHF 1.0155 WTI 51.11% -1%
S&P -0.30% EuroStoxx-1.12% Dax -0.85% SMI -0.72%
Macro :
- Caixin China Nov. Services PMI 53.1 vs 52.4 in Oct.
- Nikkei Japan Nov. Composite PMI 52 vs 51.3 in Oct.
- US banks face clash over EU regulations - FT
- Italy Court Freezes Part of Reform Law for Cooperative Banks
- Peru May Pay Up to $1.4b If Odebrecht Contract Scrapped: Reuters
- Swiss Minister Sees Companies Leaving If Tax Plan Rejected: T-A
- Italian Regulator Requires New Tender Offer for Alerion: Sole
- Japanese Govt Set to Impose Home-Sharing Limit: Nikkei
- Trump: 35% Tax to Be Levied on Imports From Cos. Leaving U.S.
- Mergermarket Said to Have Received Takeover Approach: S. Times
Keep an eye on :
- AIR FP : U.S. Navy Aims to Buy More Boeing F/A-18E/F Super Hornets: Rtrs
- AAL LN : Anglo Convinces Shareholder to Drop Spinoff Call: S.Telegraph
- AMUN FP : UniCredit Said to Agree to Sell Pioneer to Amundi for EU3b: FT
- AZN LN : AstraZeneca to Move U.K. Jobs to Poland, Costa Rica: Guardian
- BMPS IM : Qatar Set to Meet With Paschi on Dec. 5 After Referendum: Sole
- BMPS IM : Monte Paschi, Advisers to Meet Soon as Monday on Rescue Plan: FT
- BRBY LN : Burberry Said to Have Rejected Approaches From Coach: FT (Yday)
- CABK SM : Caixa Geral Conversion of CoCos to Take Place in 2016: Expresso
- CBK GY : Commerzbank’s Zielke Tells FAS Banks Will Disappear From Germany
- CSGN VX : Credit Suisse to Cut as Many as 1,300 Swiss Jobs, SamS Reports
- DBK GY : Deutsche Bank ETF Business Down EU4.5b in Jan-Oct: Handelsblatt
- DBK GY : Deutsche Bank to Pay $60m Fine for Gold-Price Manipulation: FAZ
- DB1 GY : Deutsche Boerse Sees Hesse Oversight Role After Merger: Reuters
- EDF FP : EDF Agreed Deal Terms With EPH, IFM in Polish Assets Sale: Rp.pl
- ENI IM : Eni Congo Oil Platform Fire Kills 1, Injures Five: Reuters
- EMG LN : Man GLG Asia Hedge Fund Managers Walsh and Vidale Said to Leave
- NG/ LN : National Grid to Select Gas Pipeline Bidder: S.Telegraph
- NOVN VX : Novartis Says SEG101 Met Primary Endpoint in Phase 2 Study
- NOVN VX : Novartis CEO Rules out Counter Bid for Actelion: SonntagsBlick http://bit.ly/2h2leKz
- RMG LN : Royal Mail Seeks Private Co. to Run Public Pension: S.Telegraph
- RDSA NA : Royal Dutch Shell receives bid approach from Macquarie for 45% stake in Corrib gas field - The Times
- SAN FP : Sanofi to Invest $80m in JHL Shares at NT$90/Shr in Alliance
- SAP GY : SAP’s Mucic Says Would Prioritize Small-Scale Acquisitions: BZ
- STL NO : *AKZO NOBEL CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
- SCMN VX : Swisscom Mobile Mkt Share ‘Not Ideal,’ Swiss Regulator: SoZ
- VMED LN : Virgin Media CEO downplays prospects of parent company Liberty Global bidding for ITV - Telegraph
- VOW3 GY : Volkswagen Financial Services Profit to Pass EU2 Billion: BZ