Week ending: January 6, 2017



  January 6 Weekly Change (%) 52-Week Range
Dow 19,963.80 0.56 15,450.56 - 19,999.63
Nasdaq 5,521.06 1.18 4,209.76 - 5,536.52
S&P 500 2,276.98 0.66 1,810.10 - 2,282.10
FTSE 7,210.05 2.83 5,499.51 - 7,239.26
NIKKEI 18,765.47 (3.28) 14,864.01 - 19,869.08
BKX (KBW Bank Index) 92.77 (0.02) 55.99 - 93.87
3 Mo LIBOR 1.00 4.17 0.61 - 1.01



News of the Week


SIFMA Announces Market Close Recommendation for Martin Luther King, Jr. Day
SIFMA has confirmed its previous recommendation for a full market close on Monday, January 16 for the trading of U.S. dollar-denominated fixed-income securities in the United States, United Kingdom and Japan in observance of the U.S. Martin Luther King, Jr. Day Holiday.
Press Release

SIFMA Issue Spotlight: 30-Second Explainers
This series of 30-second, bite-sized videos covers some of the top issues facing the capital markets today, including cybersecurity, the DOL fiduciary rule, prudential regulation, senior investor protection and a shortened settlement cycle.
View Videos

View all news at sifma.org/news




Most Read News in SIFMA SmartBrief

SEC issues guidance on complying with Labor fiduciary rule PlanAdviser.com
Massad announces resignation as head of CFTC The New York Times (free-article access for SmartBrief readers)
Early 401(k) advocates have reservations The Wall Street Journal (tiered subscription model)
Cantor recruits former co-CEO of Deutsche Bank Bloomberg
US bank trading revenue leaps 20% in Q3 Reuters

Subscribe to the daily news brief: www.sifma.org/smartbrief




This Week


House 2017 Calendar
Senate 2017 Calendar
House and Senate in Session


Comment Letter Due: SEC-Universal Proxy
Brookings Institution: From bridges to education: Best bets for public investment


US Senate Committee on Health, Education, Labor & Pensions: Full Committee Hearing


FSOC: Closed Meeting
US Chamber of Commerce: 2017 State of American Business Address
US Senate Committee on Homeland Security & Governmental Affairs: Full Committee Hearing
AEI: Why should America care about Europe?


AEI: Regulatory relief for small businesses: A conversation with House Small Business Committee Chairman Steve Chabot (R-OH)
US Senate Committee on Commerce, Science, & Transportation: Full Committee Hearing
The Heritage Foundation: The Future of the EU: Understanding the Roots of Political Fragmentation in Europe
Cato Institute: A New Agenda for the 115th Congress


Economic Release: PPI

View more on the Week Ahead at sifma.org/the-week-ahead




Comments and Filings


SIFMA AMG Comments on FCA Consultation Paper on Transaction Cost Disclosure in Workplace Pensions
SIFMA AMG provided comments on Financial Conduct Authority (FCA) consultation paper on transaction cost disclosure in workplace pensions. SIFMA AMG understands the FCA’s goal to establish standardized disclosures of pension investment transaction costs and make them available to independent governance committees and trustees of plans. Further, SIFMA AMG agrees with the underlying objectives of the Proposed Rule, namely to deliver a high degree of consistency in how transaction costs are reported, and to provide governance bodies confidence that the information presented to them contains a comprehensive assessment of the costs that are incurred on their behalf by asset managers.
Comment Letter

View all Comments and Filings





  • ISM manufacturing rose to 54.7 for the month ending December, higher than expected (consensus 53.8). ISM non-manufacturing composite stayed the same at 57.2, also higher than expected (consensus 56.8).
  • Unemployment rose slightly to 4.7% from 4.6% for the month ending December, as expected. Private payrolls rose 144,000, lower than expected (consensus 170,000), while manufacturing payrolls rose 17,000, also higher than expected (consensus no change).
  • Initial jobless claims for the week ending Dec 31 was 235,000, lower than expected (consensus 260,000), while continuing claims rose slightly to 2.11 million, higher than expected (consensus 2.05 million).

View more data and statistics at sifma.org/research




Heard This Week


Business is a huge positive element in society. But for years it’s been beaten down as if we’re terrible people. So I think it’s a good reset. -Jamie Dimon in a Bloomberg Businessweek interview on Trump, Taxes, and a U.S. Renaissance on December 22, 2016




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