Weekly Update
Dow +0.32% S&P +0.63% Nasdaq +0.88% Russell =0.25% Mexico +0.09% (-0.79% in $) Brazil +1,60% Nikkei +1.92% (+0.82% in $) Hang Seng -0.42% CSI -1.86% Shanghai -1.56% EuroStoxx +2.79% (+3.76% in $) FTSE +0.83% CAC +3.05% Dax +2.19% Ibex +4.23% MIB +4.30% SMI +1.94% (+2.66% in $)
The week opened on a sleepy note, with many markets outside the US closed for the Mayday holiday. Washington DC stayed on the front lines, as White House administration officials continued to push the President's agenda. Congress came together and reached a tentative deal on a $1.1T omnibus spending bill to fund the govt through Sept 30th. By Thursday, House Republicans finally pushed through its bill repealing and replacing the Affordable Care Act as had been promised repeatedly during the election. European politics also may have aided sentiment after the final French presidential debate ahead of Sunday's runoff appeared to solidify the prospects for an Emmanual Macron victory.
Macro :
- Macron Set to Defeat Le Pen to Become France’s Next President
- Bernanke Says U.S. Tax ‘Reform,’ Not ‘Cuts’ Could Boost Growth
- U.K.’s Hunt Says on BBC Some EU Countries Want Britain to Fail
- U.K. Brexit Bill Hard to Enforce: Telegraph Quotes EU Minutes
Keep an eye on :
- ABE SM : Atlantia Nears EU10b Financing for Abertis Bid: Repubblica
- AC FP : U.S. Hotels Plan Attack on the Priceline-Expedia ‘Monopoly’
- AIR FP : Delta Is Said to Consider Delaying $3b Airbus Order
- AIR FP : Airbus Gets Orders for 10 A350s From Unnamed Customer
- AKZA NA : S&P Puts Akzo Nobel on Negative Watch, Could Cut by 1-2 Notches
- AZA IM : IAG not interested in acquiring Alitalia - FT
- ARYN VX : Aryzta poised to sell 49% shareholding in Picard
- CFN PL : Cofina 1Q Net Income EU0.6m
- CSGN VX : Credit Suisse SUB Chief Says 2/3 of Swiss Job Cuts Are Done: SoZ
- ELE FP : Euler Hermes 1Q Net Falls 13%; Market Outlook Seen Uncertain
- G IM : Intesa CEO Says Generali Deal Definitely Off: Corriere
- SDF GY : K+S Plans Strategy Review, Mulling All Options: FAZ
- LIN GY : Union Investment Won’t Support Linde Management on Praxair: FAS
- LIN GY : Praxair Climbs 2.2%, Hits Two-Year High
- NOVN VX : Barron's Positive on NVS: "After a period of weak financial performance, Novartis could be poised for a multiyear run of earnings gains starting in 2018," driven by new drugs and a promising pipeline
- OR FP : The Body Shop bidder InvestIndustrial through to next round of auction; Advent, CVC also bidding
- RR/ LN : Rolls-Royce shares gain on talk of Sunday newspaper story - reported rumour - FT
- SIKA VX : Sika to Replace Syngenta in SMI Index as of May 15, SIX Says
- SKG ID : Smurfit Kappa could spend up to EUR 1bn on acquisitions - The Irish Times
- TALK LN : TalkTalk May Announce Dividend Cut of Up to 50%: Telegraph
- TEF SM : Telefonica Weighs Delaying O2 IPO Until 2018: Sunday Times
- TEVA IT : Teva to Stop Laquinimod Development in Some Forms of MS
- TOD IM : Tod's 1Q Revenue Misses Lowest Est.
- TOD IM : Tod’s Faces ‘Tougher’ Wholesale Environment Than Expected: RBS
- VOw3 GY : Volkswagen plans to ‘leapfrog’ Tesla in electric car race, VW brand aims to sell 1m battery driven vehicles by 2025