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Daily Scan: Stocks end week on high note; Chipotle slammed for E. coli
Capital Markets
<p>Updated throughout the day</p> <p>November 20, 2015</p> <p>Stocks ended the week on a high note, bouncing back from terrorist attacks around the world. The S&amp;P 500 had its biggest week of gains in almost a year, thanks to healthcare and tech stocks. St. Louis Federal Reserve president and known interest rate hawk James Bullard spoke Friday morning, also helping push stocks up. "We are going to return to an era where there is a bit more uncertainty about what the committee is going to do meeting to meeting," said Bullard."I would welcome the return of that because to me that's normal monetary policy." The S&amp;P 500 rose 0.4% Friday. The Nasdaq was up 0.6% and the Dow gained 0.5%.</p> <p>Here’s what else you need to know:</p> <p>Chipotle E. coli outbreak spreads. At least 45 people across six states have gotten sick as a result of eating at Chipotle, health officials say. The stock for the Mexican fast-casual restaurant hit an 18-month low with the news. Reuters </p> <p>Malian hostage situation ends with at least 27 dead. A five-star hotel in the Malian capital of Bamako was stormed and at least 170 people taken hostage Friday. Al-Qaeda linked Al-Mourabitoun has taken responsibility for the raid. About 10 gunmen reportedly yelled "Allahu Akbar," or "God is great," as they rushed in. U.S., French, Malian, and U.N. soldiers responded.  Al Jazeera</p> <p>Draghi: “we will do what we must.” Speaking to an audience at the Frankfurt European Banking Congress, ECB President Mario Draghi reiterated his stance that he will do whatever it takes if risks begin skewing to the downside. “We will act by using all the instruments available within our mandate.”  ECB </p> <p>Fischer: “we have done everything we can to avoid surprising the markets.” In his latest speech, Federal Reserve vice-chair Stanley Fischer tried to tone down expectations for a December hike by saying that “no final decisions have been made.” Still though, his comment for the emerging markets sounds a little like “brace yourselves.” Reuters</p> <p>Asian shares end the week higher.  Speculation that the PBOC would slash rates once again fueled most of the Hang Seng’s gains, while late buying from institutional investors helped pull the embattled Nikkei from finishing the red. For the week, the Hang Seng Index is up 1.61% and the Shanghai Composite roared 2.31% higher. The Shenzhen Composite rocketed 4.73% while the Nikkei 225 gained a more modest 0.95%.</p> <p>ABN Amro valued at $17.9 billion in IPO. The Dutch bank was nationalized seven years ago at the depths of the financial crisis.  In one of the biggest banking IPOs in years, the government is shedding just 20% of its stake. Wall Street Journal (paywall)</p> <p>China uncovers $125 billion in ‘grey capital’ flows in crackdown.  China started a crackdown on underground banks in April and has so far uncovered more than 170 cases of money laundering and illegal fund transfers involving more than 800 billion yuan ($125.34 billion). SCMP (paywall)</p> <p>U.S. releases Jonathan Pollard from jail after 30 years. The former U.S. Navy analyst was convicted of spying for Israel. The case has been a diplomatic sore point for decades. He will not be allowed to join his wife in Israel for five years. Reuters</p> <p>Terrorists kill five in Israel. Palestinians killed two Israelis in Tel Aviv and three on the West Bank, including an American 18-year-old spending his gap year in Israel. Reuters</p> <p>India’s central bank employees strike. Most of the Reserve Bank of India’s (RBI) 17,000 employees went on strike over pensions on Thursday in what the central bank described as “mass casual leave.” BBC</p> <p>BoJ’s Kuroda remains bullish on Japan economy. Bank of Japan Govoner Haruhiko Kuroda remained optimistic about Japan’s economy and inflation prospects at a post-policy-meeting news conference Thursday, pointing to significant improvement in consumer spending and exports. Nikkei</p> <p>Anti-Apec protests greet Manila trade summit . Large protests are taking place in the Philippine capital, where leaders are attending the
People Moves: ITG loses chair and director; Nomura hires 6 for Americas
Capital Markets
<p>ITG chairwoman to step down. Maureen O'Hara will retire in January after serving on the board of Investment Technology Group since 2003. ITG director Chris Dodds will also be retiring at the end of the year. Incoming CEO Frank Troise will begin in January. Reuters</p> <p>Nomura hires for American push. Japanese firm Nomura has hired six senior bankers for its U.S. endeavors. Mark Connelly has been named head of equity capital markets. He comes to the firm from Jefferies, where he worked as global co-head of equity capital. Garrett Carpenter and Christina Park will be managing directors for the acquisition leveraged finance team. Carpenter is from Bank of America Merrill Lynch and Park is from Barclays. James Frawley and Peter Finn both join the industrials mergers group from Macquarie Capital. Carl Torrillo will join the industrials investment banking team from ACE Portal. New York Times<br /> Photo: @iStock.com/ooyoo<br /> &nbsp;</p>
Daily Scan: Militants seize 170 hostages in Mali; Asian shares higher on week and Draghi's easy money
Capital Markets
<p>Updated throughout the day</p> <p>November 20, 2015</p> <p>Once more Friday brings terrible news -- militants shouting "Allahu Akbar" stormed a Radisson Hotel in Mali, seizing 170 hostages. At least three people were killed in the attack. No one has taken responsibility for the raid on a hotel popular with diplomats and businessmen in Bamako, the capital. Meanwhile, in Paris another victim succumbed to wounds sustained during the Friday 13th attack, bringing the total number of murdered to 130. A manhunt continues for an eighth member of the team who perpetrated the crime.</p> <p>Here’s what else you need to know:</p> <p>Asian shares end the week higher.  On Friday with the Hang Seng Index soared 1.13%, the Shanghai Composite climbing 0.37%, and the Nikkei 225 bouncing 0.10%. Speculation that the PBOC would slash rates once again fueled most of the Hang Seng’s gains, while late buying from institutional investors helped pull the embattled Nikkei from finishing the red. Here’s the score this week:</p> <p>Day<br /> Week</p> <p>Hang Seng Index<br /> +1.13%<br /> +1.61%</p> <p>Hang Seng China Enterprises Index<br /> +1.07%<br /> +1.39%</p> <p>Shanghai Composite<br /> +0.37%<br /> +2.31%</p> <p>Shenzhen Composite<br /> +1.27%<br /> +4.73%</p> <p>Nikkei 225<br /> +0.10%<br /> +0.95%</p> <p>Draghi: “we will do what we must.” Speaking to an audience at the Frankfurt European Banking Congress, ECB President Mario Draghi reiterated his stance that he will do whatever it takes if risks begin skewing to the downside. “We will act by using all the instruments available within our mandate.”  ECB </p> <p>European shares  headed for best close in a month. The bourses were modestly lower Friday and airline stocks are getting hard hit again faced, once more, with acts of terrorism. Wall Street however seems to be receptive to Draghi’s overtures, with S&amp;P 500 futures climbing 0.1%, and Dow futures jumping 0.2%.</p> <p>Get ready for a world without antibiotics. The world is on the cusp of a "post-antibiotic era", scientists have warned after finding bacteria resistant to drugs used when all other treatments have failed.The bacteria is able to shrug off the drug of last resort - colistin - in patients and livestock in China. BBC</p> <p>Pigeons detect breast cancer.  Doctors train for years in order to be able to correctly diagnose breast cancer - but could they soon be replaced by pigeons? Perhaps not, but scientists have now found that pigeons are surprisingly adept when it comes to spotting cancerous cells. Telegraph</p> <p>China uncovers $125 billion in ‘grey capital’ flows in crackdown.  China started a crackdown on underground banks in April and has so far uncovered more than 170 cases of money laundering and illegal fund transfers involving more than 800 billion yuan ($125.34 billion). SCMP (paywall)</p> <p>India’s central bank employees strike. Most of the Reserve Bank of India’s (RBI) 17,000 employees went on strike over pensions on Thursday in what the central bank described as “mass casual leave.” BBC</p> <p>North Korean leaders propose border village meeting with the South. The offer for working-level talks is a response to invite by Seoul in September. The two countries saw an escalation of military tensions over the summer. The Guardian</p> <p>Weak inflation is a concern for Atlanta Fed President. Dennis Lockhart says that market volatility has settled enough that he’s ready to lift short-term rates soon, but the consistently low inflation is concerning. Wall Street Journal (paywall)</p> <p>Fischer: “we have done everything we can to avoid surprising the markets.” In his latest speech, Federal Reserve vice-chair Stanley Fischer tried to tone down expectations for a December hike by saying that “no final decisions have been made.” Still though, his comment for the emerging markets sounds a little like “brace yourselves.” Reuters</p> <p>BoJ’s Kuroda remains bullish on Japan economy.Bank of Japan Govoner Haruhiko Kuroda remained optimistic about Japan’s economy and inflation prospects at a post-policy-meeting news conferenc
Daily Scan: Asian shares trade mixed; China cracks down on underground banks
Capital Markets
Updated throughout the day Weighed by a strong yen, a weak dollar, and fading enthusiasm over the Fed rate hike, Asian shares traded mixed on Friday with the Hang Seng Index down 0.19%, the Shanghai Composite up 0.07%, and the Nikkei 225 down 0.22%. Here’s how the rest fared: Hang Seng China Enterprises Index: -0.22% Shenzhen Composite: +0.59% Straits Times&hellip;
People Moves: Citic Securities chair to retire; Citi appoints new APAC TMT head
Capital Markets
Citic Securities chair steps down. Wang Dongming, without a doubt one of China’s banking heavyweights, will be stepping down as chairman of Citic Securities, citing to his age. His departure comes just as several of his top lieutenants were detained under suspicions of insider trading. Wang, who headed the firm since its 1995 founding, is expected to be replaced by&hellip;
Daily Scan: Asian futures climb; Fed officials try to dial back expectations
Capital Markets
Updated throughout the day November 20 The U.S. may have closed essentially flat, but if stock index futures are anything to go with, it looks like Asia’s set to rip higher. Contracts on Hong Kong’s Hang Seng Index are signaling a 0.12% pop at the open, while those on the CSI 300 point to a 1.69% jump over in the&hellip;
Daily Scan: Match and Square show strong debut; Lockhart nervous about inflation
Capital Markets
Updated throughout the day November 19 The U.S. markets were fairly stagnant Thursday, with the exception of some IPO and earnings excitement. No real move from the major indexes. Match Group, parent of Tinder and other dating apps, opened at $13.50 in its public debut, up 12.5% from the IPO pricing. The Gap tumbled more than 1% after it slashed its 2015&hellip;
Daily Scan: Asian shares skyrocket; PBOC slashes SLF rate
Capital Markets
Updated throughout the day November 19 With rate hike uncertainty firmly in the rear view mirror – allegedly – the Asian markets shot for the moon Thursday with the Hang Seng Index rocketing 1.41%, the Shanghai Composite soaring 1.36%, and the Nikkei Average rising 1.07%. H-Shares, Shenzhen, and Singapore didn’t do too bad either: Hang Seng China Enterprises Index: +1.37%&hellip;
Daily Scan: Asian shares climb; Bank of Japan stands pat
Capital Markets
Updated throughout the day November 19 Asian shares were mostly higher on Thursday as uncertainty over a rate hike in the U.S. finally dissipated. Wednesday afternoon, the Federal Reserve released notes from its October policy meeting -- and they strongly hinted that December could be rate-hike month. Hong Kong’s Hang Seng Index climbed 1.15%, while the Hang Seng China Enterprises Index&hellip;
Daily Scan: Hang Seng futures climb; FOMC stresses December hike
Capital Markets
Updated throughout the day November 19 The FOMC minutes came out Wednesday, and the markets saw that it was good. Futures on the Hang Seng Index are tipping to a 0.53% pop at the open, while those on the Nikkei 225 are signaling a 0.66% jump. CSI 300 contracts however were spooked by the IPO backlog, and hinted at a&hellip;