Weekly Performance
Dow+1.51% S&P+1.58% Nasdaq+1.91% Russell+2.69% Brazil+0.12% Nikkei+1.39% Hang Seng+0.41% EuroStoxx+2.02% FTSE+2.45% CAC+2.17% Dax+1.33% Ibex+1.89% MIB+3.40% SMI+0.17%
Higher oil prices, soothing central bank/G20 commentary and better US economic data all helped European and US equities climb higher this week. On Friday, the S&P500 tested above the key 1950 level that has repeatedly provided strong resistance over the last several weeks as global markets looked to put the rough start to 2016 in the rear view mirror. Treasury demand remained noticeably firm into month end, especially in light of the improving risk appetite by investors and a string of stronger than expected US data later in the week. Sovereign bond prices did slip on Friday, but have still largely consolidated the safe haven bids seen here in early 2016, keeping the US 10-year around 1.75%. All three of the major indexes closed about 1.5% higher for the week.
Macro :
- U.S.’s Lew Agrees on Debt Relief for Greece ‘In Timely Manner’
- G-20 Strengthens Words on Competitive Devaluations: Dijsselbloem
- Brazil Convinced China to Avoid Competitive Devaluation: Barbosa
- Weidmann Says ECB Should ‘Look Through’ Energy-Price Slump
- U.S.’s Lew Says China Committed Not to Devalue to Boost Exports
- Moscovici says China Policymakers Were Reassuring at G-20
- ECB’s Villeroy Says Deflation, Not Inflation Is Main Risk: FAS
Keep an eye on :
- A2A IM : A2A Working to Conclude LGH Transaction: CEO Tells Il Sole
- AAL LN : Anglo American Hires Banks to Sell Brazil Nickel Mines: Times
- AZN LN : AstraZeneca May Clash With Investors Over Bonus Plans: Telegraph
- BIFF LN : Chinese Buyer Eyeing U.K. Waste Disposal Firm Biffa: S. Times
- BBRY US : WhatsApp to Stop BlackBerry, Older OS Support by End-2016 (Fri.)
- EN FP : Martin Bouygues to Nominate Son, Nephew to Bouygues Board: JDD
- BING GY : Boehringer Ingelheim, Abbvie Said in Cancer Partnership Talks
- BMW GY : Germany Shouldn’t Subsidize Electric Cars, Kauder Tells Focus
- DAI GY : EPA Contacts Daimler Over U.S. Diesel-Emission Suit: Handelsbatt, Daimler Says It’s Cooperating With Authorities
- EDF FP : France’s Royal Says She’s Ready to Extend Life of Nuclear Plants
- EDF FP : EDF Approval for Hinkley Point Could Be Delayed a Year: FT
- FERR IM : Ferrero to Reorganize Italian Business Structure, Sole Says
- FCA IM : FCA’s Altavilla Says European Car Mkt May Rise 3%: Corriere
- FRA GY : Fraport Ebitda May Exceed EU1 Billion, CFO Zieschang Tells BZ
- GSK LN : Glaxo Hires Headhunter to Find Replacement for CEO Witty: Times
- LSCC US : Lattice Semiconductor Mulls Sale Amid Chinese Interest: Reuters
- M5z GY : Shanghai Electric to Buy Up to 92.9m Euros Stake in Manz AG
- NG/ LN : Global Infrastructure May Bid for U.K. Gas Network: Telegraph
- NESN VX : Nespresso App Machine to Go on Sale in Switzerland: Blick
- SAN FP : Sanofi Open to Deals ‘Up to Size of Genzyme,’ Meeker Tells FT
- SUN SW : Renova Rejects NZZ Report of Possible Sulzer Sale, Merger
- SUN SW : Sulzer CEO Says W. Europe to Be Affected by Savings Program: SZ
- SYNN VX : ChemChina Said to Seek $30b Loan for Syngenta Deal: WSJ
- UNA NA : Unilever CEO Expects Europe Business to Stay Difficult: NZZamS
- UTX US : UTX Adds Goldman Sachs as Adviser Against Honeywell Bid: CNBC
- VOW3 GY : VW’s Seat Can Be Profitable: Unit Chairman De Meo to Expansion
- WEIR LN : Weir Group shares gain on talk of possible interest from Flowserve
- YOOX IM : Yoox Net-A-Porter Seeks to Boost Mobile Internet Sales: Il Sole