Weekly Performance
Dow +3.06% S&P +3.08% Nasdaq +3.59% Russell +5.62% BRazil+0.31% EuroStoxx +6.05% CAC +5.19% Dax +6,57% Ibex +6.54% Mib +7.06% FT +3.32% SMI +4.05% Nikkei +3.10% Hang Seng +0.87% CSI -1% Shanghai -0.34%
Stocks had a positive week in the US and globally, with many hitting new all-time highs and the S&P 500 posting consecutive record levels over the past three sessions. On the week, the S&P and DJIA each gained 3.1%, while the Nasdaq surged 3.6%. After the historic OPEC agreement and talks with non-OPEC producers this weekend expected to be fruitful, cuts set by the oil cartel last week seem to be real. And with a Fed rate decision also on the horizon, the markets have heavily discounted a likely hike in December. In the past, the dark shadow of higher rates pushed stock prices down, whereas now expected corporate tax cuts and deregulation have more than offset the higher cost of money.
Macro :
- Saudis Signal Deeper Cuts After Deal With Non-OPEC Countries
- Mexico’s Three Largest Oil-Export Ports Closed on Poor Weather
- Turkey’s AKP Proposes Amendment Extending Presidential Powers
- France Extends Electric Car Bonus to Taxis to Fight Pollution
- Snap Said Holding Meetings w/ Investors Ahead of IPO: WSJ
- Giuliani Said Ruled Out for Secretary of State: CNN
- Italian President Asks Gentiloni to Form New Government
Keep an eye on :
- ABI BB : AB InBev Considers Review of Global Ad-Buying Business: WSJ
- ACS SM : Spain’s ACS Reduces Stake in Canadian Toll Road: Reuters
- ACA FP : Agricole, UniCredit to Agree on Pioneer Sale Today: Messaggero
- AIR FP : Iran Air to Buy 80 Boeing Aircraft Including 737, 777: IRNA
- AMUN FP: UniCredit’s Pioneer Says Two Senior Executives Have Resigned
- AMUN FP : Amundi May Fund Pioneer Deal With Capital Increase, Loan: Sole
- ATL IM : Bids for Atlantia ASPI Stake to Be Submitted by Dec. 15: Sole
- BKIA SM : Bankia and Banco Mare Nostrum's privatisation urged by European authorities; merger subject to conditions
- BPE IM : BPER Banca Targets Higher Revenue From Fees: Sole
- BMPS IM : Monte Paschi Says It Hasn’t Received Info From ECB on Request
- BPOST BB : Belgian government open to selling shares in Bpost (translated) - http://bit.ly/2gmwVLq tidj.be
- BLT LN : BHP CEO Says Rally in Iron Ore, Coal Won’t Last: Australian
- CCC PW : CCC to Fund New Stores From EU150m Convertible-Bond Proceeds
- CBK GY : Commerzbank’s Mandel Aims to Double Customer Growth: EaS
- DAI GY : Daimler Abandons Individual Bonus Payments: Stuttgarter Zeitung
- DBK GY : Weidmann Could Accept State Shielding Some Bank Investors: FAS
- DBK GY : Deutsche Asset Management to Expand in U.S., Asia: Moreau in WaS
- DB1 GY : London backs Deutsche Börse and LSE to resist Frankfurt base, Downing Street sees no reason why the planned exchange merger should be reviewed - FT - http://on.ft.com/2hAMY9j
- ENI IM : ENI exploring interest in selling ENI Gas & Power NV - http://bit.ly/2hah9ak
- FCC SM : FCC Set for Possible Partisan Stalemate After Nomination Fails
- GLEN LN : Glencore, Qatar Buy Stake in Rosneft With Loans From Intesa
- IGG LN : IG CEO Says FCA Rules Could Push Traders Out of U.K.: Telegraph
- LAD LN : GVC rumoured to have prepared reverse takeover for Ladbrokes
- LMI LN : Lonmin Threatened by South Africa Over Slow Response to Massacre
- MEO GY : Kaufhof Head Wants German Stores to Open 10 Sundays a Year: FAZ
- NOVN VX : Novartis Said to Eye Takeover of Stada, SonntagsZeitung Reports
- RBI AV : Raiffeisen May Reduce Stake in Event of Avaloq IPO, CEO to NZZ
- RKET GY : Rocket Internet Swaps Foodpanda Stake for Delivery Hero Shares
- RYA LN : Ryanair CEO to Slash 2017 Prices in Germany Price War: Funke
- SAB LN : Asahi Lead Bidder for SAB Eastern Europe Assets: Sunday Times
- SAN FP : Sanofi to Fire About 20% of U.S. Diabetes, Cardiovascular Staff
- SKY LN : Sky Board Faces Investor Dissent on Accepting Fox Bid: Telegraph
- FP FP : Total CEO Says Oil Market Will Remain Volatile: JDD
- UCG IM : UniCredit Pekao Unit CEO May Quit as PZU Completes Deal: Parkiet
- UCG IM : UniCredit’s Pioneer Says Two Senior Executives Have Resigned
- VIV FP : Vivendi Says It’s Not Part of Potential Orange-Canal Plus Talks
- VOD LN : For Vodafone, Being No. 2 Could Be Best - http://on.wsj.com/2gmyqsT
- VOW3 GY : VW Meeting With DoJ Last Week Didn’t Bring Progress, BamS Says
- ZIL2 GY : ElringKlinger Sees 30% of Sales From E-Car Parts: Automobilwoche