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Friday, 28 Aug 2015
21:30
Friday, 28 Aug 2015
21:00

In a relatively subdued session relative to the rest of the week, US equities finished flat as a large amount of sectors recovered at the end of the session to finish in the green. The Jackson Hole symposium was in focus today with multiple Fed speakers on the slate. Initial comments from Kocherlakota were perceived as dovish stating that a rate hike may have to be delayed, however, additional comments from Mester and Fischer who adopted a more hawkish tone supported the USD while UST’s trended lower throughout the session as a result of the comments alongside general risk on sentiment as markets recovered. At the pit close, T-notes finished at 127.25, down 5+ ticks.

Meanwhile, oil has continued the tone from yesterday’s session, which saw the biggest intra-day gain since Mar’09, making a significant move higher throughout the day to mark the largest weekly gain since 2011. WTI crude futures finished higher on the day at USD 45.22/bbl (+6.25%). As such the energy complex has outperformed in the S&P 500, helping support the likes of Chevron which finished as the best performer in the DJIA. Finally, the DJIA finished down 0.08% at 16641.74, S&P 500 finished up 0.05% at 1988.73 and the NASDAQ-100 finished up 0.10% at 4329.12.

Looking ahead, focus will still be on any additional comments from the Jackson Hole symposium over the weekend while focus will turn to Non-Farm Payrolls at the end of the week as the September rate decision draws ever closer.

Source: RANsquawk
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Friday, 28 Aug 2015
20:49
Source: Hammerstone's Market Talk Forum
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Friday, 28 Aug 2015
20:46
Source: RANsquawk/IFR
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Friday, 28 Aug 2015
20:46

TIME: 1719BST/1219EDT – 1927BST/1419EDT

NEWS: A major newswire reported that Baxalta (BXLT) were in discussions to purchase a hematology-oncology specialist worth USD 2bln in an attempt to increase their independence, according to sources. RANsquawk analysts immediately spoke to their US equity contacts who suggested that Ariad Pharmaceuticals (ARIA) may be a target for Baxalta, which was later confirmed by the newswire over 2 hours after the initial release of the news

REACTION: Ariad Pharmaceuticals shares gradually rose 20.2% over a 14 minute period following the initial release from USD 7.03 to USD 8.45 yet when this was later confirmed on the major newswire, shares spiked to a high of USD 9.94, marking a total gain of 41.5%.

Source: RANsquawk
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Friday, 28 Aug 2015
20:45

- General Mills (GIS) (2056BST/1456CDT) – Ahead of the close on Wall Street, source reports indicated that B&G foods (BGS) are in discussions to purchase the Co.’s Green Giant unit. (RTRS)

- Micron (MU) (0820BST/0220CDT) – Tsinghua Group’s chairman met with the Co.’s board at some time this week to look at the potential for any future deal being agreed between the firms regarding an acquisition, according to sources. (RTRS)

- Carlyle Group (CG) (0416BST/2216CDT) – Co. is no longer looking to purchase Tesco’s South Korean business. Furthermore, the Co. is in discussion to buy London-listed Innovation Group in a deal valued at GBP 500mln. (MoneyToday/Sky News)

- Platform Speciality (PAH) (0703BST/0103CDT) – Co. has received antitrust clearance from the US in reference to their purchase of Alent for USD 2.3bln. (RTRS)

- Qihoo 360 (QIHU) (0931BST/0331CDT) – The investor group that is currently looking to buy the Co. with a bid of USD 9bln may look to cancel their offer following the large fall in value of the Chinese stock market, according to sources. (WSJ)

- Perrigo (PRGO) (1309BST/0709CDT) – Co. have stated that the latest offer from Mylan (MYL) “substantially undervalues” the Co., furthermore, that it “exposes shareholders to risk and Mylan’s weak business prospects”. (RTRS)

- Telenor (TEL NO) (1504BST/0904CDT) – The Co. are preparing to form new concessions in regards to their Danish mobile deal with TeliaSonera (TLSN SS), according to sources. (RTRS)

- Baxalta (BXLT) (1719BST/1119CDT) – Co. is in discussions to purchase a haematology-oncology specialist worth USD 2bln in an attempt to increase their independence, according to sources. (BBG)

- Ariad Pharmaceuticals (ARIA) / Baxalta (BXLT) (1927BST/1319CDT) – Baxalta is in discussions to purchase Ariad Pharmaceuticals, according to sources. (BBG)

Source: RANsquawk
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Friday, 28 Aug 2015
20:34

According to ForexLive, CFTC commitments of trader data released August 28, 2015:

- EUR shorts 96K vs 93K short prior week
- GBP long 4K vs 4K short prior week
- JPY short 39k vs 90k short prior week
- CAD short 59K vs 67k short prior week
- CHF short 12K vs 10K short prior week
- AUD short 47K vs 50K short prior week
- NZD short 6K vs. 10K short prior week

Source: ForexLive
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Friday, 28 Aug 2015
20:30
Friday, 28 Aug 2015
20:28
Friday, 28 Aug 2015
20:28
Friday, 28 Aug 2015
20:23
Friday, 28 Aug 2015
20:10
Source: RANsquawk
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Friday, 28 Aug 2015
20:04

'RANsquawk source' - Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of this information is taken at the reader’s own risk and is a representation of the rumours within the market place and never generated by ourselves

Source: Twitter
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Friday, 28 Aug 2015
20:00
Reaction details: 20:04

- No immediate reaction seen in either Co. shares

Source: CNBC
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Friday, 28 Aug 2015
19:32
Source: RANsquawk
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Friday, 28 Aug 2015
19:30
Friday, 28 Aug 2015
19:27
Analysis details: 19:29

- It was earlier reported that Baxalta (BXLT) is in discussions to purchase a hematology-oncology specialist worth USD 2bln in an attempt to increase their independence, according to sources.

Reaction details: 19:28

- In an immediate reaction, ARIA shares rose 15.8% from USD 8.28 to USD 9.59.

Source: BBG
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Friday, 28 Aug 2015
19:20

- Furthermore, recent changes in the financial markets must be taken into account.

- While stating that he believes the assessment of a 50/50 chance of rate lift-off is reasonable.

Analysis details: 19:26

- Of note, Lockhart is a voter on the FOMC this year and is known to have a neutral stance on monetary policy.

Reaction details: 19:40

- No immediate reaction seen in major US asset classes.

Source: RTRS
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Friday, 28 Aug 2015
19:05
Analysis details: 19:09

- Earlier, source reports indicated that the PBF Delaware City refinery energy chemical leak was said to have come from an idled fluid catalytic cracker 

Source: RTRS
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Friday, 28 Aug 2015
19:01

- To view the article please click here.

Source: FT
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Friday, 28 Aug 2015
18:49

- Feridun Sinirlioglu has been appointed as foreign minister.

Source: BBG
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Friday, 28 Aug 2015
18:48
Analysis details: 18:50

- Earlier, it had been reported that there were reports that 3 people had been injured.

Source: RTRS
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Friday, 28 Aug 2015
18:46
Analysis details: 18:48

- As a guide this refinery has an output of 180,000bpd.

Source: RTRS
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Friday, 28 Aug 2015
18:23
Friday, 28 Aug 2015
18:17
Analysis details: 18:20

 - As a guide, this particular refinery has a capacity of 333,700 bpd. 

Source: RTRS
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