US Market closed around the flat line, S&P finished the week higher by 1,3%, sentiment was helped by Scotland referendum results & Alibaba IPO, Thanks to ALibaba & quadruple Witches volume was well above average @ 1.8bil shares...VIX @ 12,11 +0,25%..Weekend G20 summit yielded little of note. Fin Mins' Communique pledged to proceed with measures that aim to raise collective GDP by an additional 1.8% through 2018. Fin Mins also promised to "identify a series of additional measures to meet our collective growth ambition." More interesting commentary was from the skeptical ECB member and the head of German Bundesbank Weidmann, who once again expressed reluctance toward the latest central bank measures. In
particular, Weidmann noted the ECB policy response has gone beyond encouraging banks to make loans and amounted to pumping money directly into the real economy...Major indices in Asia are down by about 1%, S&P500 futures are down 11
handles, and metals are slumping to multi-month lows despite the stronger USD. Risk aversion is largely attributed to weekend comments from China Fin Min Lou indicating Beijing will not amend economic policies despite the August economic indicators, instead focusing on job creation and stable inflation. Lou further noted infrastructure investment - a consistent product of fiscal stimulus - cannot rely primarily on govt spending...Softbank (9984 JP) -6.10%...Prada (1913 HK) -4.95%...Nikkei -0.84% Hang Seng -1.37% Shanghai -1.52%
Eur$1.2865 S&P -0.50% Euro Stoxx FTSE -0.38% DAX SMI
Macro
- Russian Fin Min Siluanov warned Moscow would consider diversifying its debt portfolio away from countries that sanctioned Russia and in favor of BRIC partners.
- ECB Not Currently Planning Quantitative Easing, Noyer Tells Wiwo
- Apple, Google, Amazon Overseas Tax Policy Anti-Social: Gabriel
- German Industry Group Cuts Economy Growth Forecast: Sueddeutsche
- German Arms Makers Threaten to Leave Country, Sueddeutsche Says
- Dutch Deficit Needs to Be Further Cut, Dijsselbloem Tells NRC
- Khodorkovsky Sees Russia Falling Apart in Violent Way: Spiegel
Keep an ey on :
- ACS SM : ACS Chosen to Build Saudi Arabia Soccer Stadiums: Confidencial
- AF FP : Air France pilots extend strike until Sept. 26
- AIR FP : Airbus Faces German Demand for Rebates Over A400M Problems: Bild
- AIR FP : Emirates to Negotiate Next Widebody Order in 6-12 Mos
- BABA US : -6.3% on less appeal as proxy for Alibaba
- CS FP : AXA Making Push in Emerging Markets With IFC Partnership: FT
- BAYN GY : Bayer CEO Sees Plastics Unit Headed for DAX After IPO, FAS Says
- CEQ NO : Mitsubishi to Make Cash Tender Offer for Cermaq at NOK96/Shr
- CLX US : Clorox Said to Reject Takeover Offer With 20% Premium: N.Y. Post
- CBK GY : Commerzbank May Move Some London Back-Office Jobs: Handelsblatt
- DE NA : DE Master Blenders and Mondelez seek bidders for French brands - FT
- DXNS LN : Dixons, EE in Talks to Acquire Phones 4u Assets, Stores: Sky
- DPW GY : Deutsche Post Web Problem Left DHL-Client Data Visible: Bild
- EMC US : - EMC: Said to have held merger talks with Hewlett-Packard; Talks have since ended on disagreement, including financial terms - WSJ
- ENE IM : Endesa May Pay Second Extraordinary Divend of EU5-6b: Sole
- EZJ LN : EasyJet Adds Flights in France as Air France Strike Continues
- EOAN GY : Bidders For E.ON Spain Assets Want Plants Closed, Expansion Says
- F IM : To temporarily suspend production at Pomigliano plant in southern Italy from Oct 16-2; due to weak demand - Italian press
- HDD GY : Heidelberger Druck Sees Acquisitions as Crisis Wanes, Welt Says
- MC FP : LVMH Dealmakers Pair Dumplings With Dom Perignon {NSN NCADVO6S972A <go>}
- PHIA NA : Philips to Sell 60% Stake in Lumileds, Automotive: De Telegraaf
- REP SM : Talisman Energy could end up selling holdings to Repsol
- RHM GY : Rheinmetall not planning to sell auto-parts unit - Sueddeutsche Zeitung
- RI FP : Pernod Ricard CFO Sees China Returning to 8%-9% Growth: Boersen
- RI FP : Pernod Ricard remains interested in buys; special focus on US market
- Rocket Internet IPO : Rocket Internet CEO to Get 4.5m Share Options at Discount: Wiwo
- SAB LN : SABMiller may be swallowed up by its main rival, AB InBev - The Economist
- SDRL NO : *FREDRIKSEN SAYS MAY ADD SHARES IN SEADRILL, FINANSAVISEN SAYS
- SFER IM : Ferragamo CEO Norsa Sees Stronger Results for 4Q
- SIE GY : Siemens Buys Dresser-Rand for $7.6b Cash, Sells BSH Stake
- WRT1V FH : Sweden's Investor Buys 8% Wartsila Stake for $824,8mil, taking its stake to 16,8%