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| 20:30 | Update |
RANSQUAWK AUDIO CLOSED FOR THE WEEK; THE DESK WILL REOPEN SUNDAY 2200BST (LONDON TIME) |
| 20:23 | Commodities |
Venezuela oil minister Ramirez says minimum price for oil should be USD 100 a barrel |
| 20:13 | Update |
RANsquawk - Today's trading edgeTIME: 2028BST
TIME: 1635BST
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| 20:09 | US Equities |
US EQUITY WRAPIt was a very quiet trading session as markets ended the week with very little news flow before the holiday weekend. Losses into the open were largely pared toward the close. US equities did not manage to reverse the losses after Fed minutes and Bernanke comments on Wednesday and therefore posted the first negative week in over a month. The best performing sector today was consumer goods supported by Proctor and Gamble who announced aftermarket yesterday that Alan Lafley returned to the company as CEO. They traded 3% higher premarket and held on to these gains throughout the session. Gamestop suffered the biggest losses on the day due to uncertainty about how Microsoft’s new Xbox will sell games. Abercrombie and Fitch also lagged in response to their pre-market earnings miss. Finally, the DJIA finished up 0.06% at 15303.10, the S&P 500 finished down 0.26% at 1646.30 and the NASDAQ 100 finished down 0.01% at 2991.02. |
| 20:08 | US Equities |
Actavis (ACT) confirms appeals court issues injunction related to Generic Pulmicort Respules |
| 19:55 | US Equities |
Visa (V) and MasterCard (MA) are to sue swipe fee deal drop-outs with trade associations and affiliate foods among parties sued |
| 19:52 | US Equities |
S&P cuts Southern Co. (SO) outlook to negative from stable |
| 19:49 | US Equities |
NYSE closing Imbalance - USD 250mln to the sell-side |
| 19:47 | US Equities |
NYSE closing imbalance - 15/30 for sale on the DJIA |
| 19:37 | FX Flows |
CFTC says net EUR short position USD 13bln increases 73%- Net JPY short position USD 11.6bln decrease 0.7%
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| 19:35 | Commodities |
CFTC says COMEX oil speculators raise WTI net long position by 23,083 contracts to 272,220 in week to May 21 |
| 19:31 | Economic commentary |
CFTC says COMEX gold speculators cut net long position by 3,531 contracts to 35,686 in week ending May 21st- COMEX silver speculators switch to net short position by 187 contracts, cutting 1,599 contracts in week to May 21st.
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| 19:31 | US Equities |
Silver Wheaton (SLW) resumes trade; down USD 0.28 at USD 22.80 |
| 19:29 | US Equities |
Silverback Asset reports 8.8% passive stake in James River Coal (JRCT) |
| 19:23 | US Equities |
Silver Wheaton (SLW) remains 'remains confident' in Barrick's (ABX) ability |
| 19:18 | Commodities |
Mexico's Pemex says April crude oil exports 1.275mln barrels per day |
| 19:14 | FX Flows |
Option expiries of note for Monday's 1000am NY cut (1500BST)- EUR/USD - 1.2920, 1.2925 - USD/JPY - 100.00, 100.75 |
| 19:06 | US Equities |
Barrick Gold (ABX) resumes trade; down USD 0.40 at USD 19.19 |
| 19:04 | Other Data |
Argentina Industrial Production Y/Y (Apr) 1.7% vs Exp. 2.1% (Prev. 0.2)- Argentina Industrial Production M/M (Apr) 0.1% (Prev. 1.5%) |
| 18:47 | US Equities |
Norway Oil fund voted to split Chairman and CEO roles of Jamie Dimon at JP Morgan (JPM) at the AGM |
| 18:43 | US Equities |
Barrick Gold (ABX) to assess implications of SMA resolution |
| 18:41 | US Equities |
Yahoo (YHOO) said to make a bid for Hulu |
| 18:37 | US Equities |
PDVSA and Schlumberger (SLB) to create oil service in Venezuela according to Information Ministry |
| 18:34 | US Equities |
Procter & Gamble (PG) downgraded to Sell from Hold at Standpoint Research |
| 18:32 | SMI |
UBS's (UBSN VX) French unit could be placed under formal investigation in the coming days as part of a broader probe into the Co.'s business practices according to sources |