Headlines

Static headlines view, 1 hour delayed

Published At Asset Class / Category Tickers Content
Tuesday, 28 Apr 2015
06:32
Source: Kathimerini
Print
Tuesday, 28 Apr 2015
06:32

Asian stocks trade mostly lower after tracking yesterday’s biotech-led Wall Street losses, as the S&P 500 and Nasdaq Composite retreated off record highs. Nikkei 225 (+0.5%) was the session’s outperformer lifted by upbeat corporate earnings. Hang Seng (-0.1%) and Shanghai Comp (-0.3%) pulled away from 7yr highs as participants paused for breath following their recent rallies. ASX 200 (-0.35%) fell amid profit taking after Jun’15 futures opened above 6,000.

Source: BBG
Print
Tuesday, 28 Apr 2015
06:31

Says:

- Q1 Mercedes Benz cars EBIT EUR 1.84bln vs. Prev. EUR 1.18bln.

- Sees significant increase in sales volumes and turnover for 2015.

- Free cash flow of the industrial business will be significantly lower than 2014's EUR 5.5.bln. 

 

Source: BBG
Print
Tuesday, 28 Apr 2015
06:30

- Q1 revenue EUR 9.67bln vs. Exp. EUR 9.6bln.

- Co. reiterates 2015 objectives and states Jazztel deal is on track to be closed by the summer.

- CFO states that a low point in Co. sales is expected in 2016. 

Source: BBG
Print
Tuesday, 28 Apr 2015
06:29
Tuesday, 28 Apr 2015
06:28

Asian equities take the lead from the negative Wall Street close which saw the S&P 500 and Nasdaq Composite pull away from record highs

Greek PM Tsipras remains optimistic that a deal can be reached while playing down the need for a snap election or referendum

Looking ahead, today sees the release of UK GDP which could be a key focus for UK participants heading into the general election

ASIA

Asian stocks trade mostly lower after tracking yesterday’s biotech-led Wall Street losses, as the S&P 500 and Nasdaq Composite retreated off record highs. Nikkei 225 (+0.5%) was the session’s outperformer lifted by upbeat corporate earnings. Hang Seng (-0.1%) and Shanghai Comp (-0.3%) pulled away from 7yr highs as participants paused for breath following their recent rallies. ASX 200 (-0.35%) fell amid profit taking after Jun’15 futures opened above 6,000. JGB’s trade down 3 ticks after paring earlier gains ahead of tomorrow’s Showa Day market holiday. Earlier curve steepening was reversed despite a tepid 2yr JGB auction, with the offering drawing the lowest b/c since Nov’11.

EUROPE

Greek PM Tsipras said Greece will pass a new deal with lenders through the Parliament and ruled out snap-election if the government failed to get a suitable deal. Tsipras also added that it is not necessary to go through a referendum because a deal will be reached with lenders. (RTRS)

Barclays Prelim Pan Euro Agg month-end extensions +0.12yrs (Prev. +0.08yrs, Avg. Of last 12 months +0.08yrs)

UK

The latest YouGov and Sun poll shows; Con 35%, Lab 34%, for the UK 2015 general election. Prev: Lab 35%, Con 33%. As a reminder, yesterday’s Ashcroft Poll showed: Conservatives 36%, Labour 30% and was attributed to some of the after-market strength in GBP.

FX

Price action overnight was relatively subdued amid a scarce economic calendar and ahead of tomorrow’s FOMC rate decision and US GDP release. Nonetheless, AUD saw a relief rally to advance against all of its peers, after RBA governor Stevens declined to comment on monetary policy before next week's rate decision. As such, OIS are now pricing in a 51% chance of 25bps RBA rate cut vs. 56% seen prior to Stevens’ speech.

COMMODITIES

WTI crude futures fell by over 1% after breaking below yesterday's session lows, following a large volume surge with around 1,740 contracts going through vs. session avg. 803. This comes ahead of today’s after-market API crude oil inventory report.

US

Treasuries fell lower in sympathy with Bunds amid improved sentiment following reports that Greece has reshuffled its negotiating team with finance minister Varoufakis to play a less prominent role in talks. However, as equities trended lower in the second half of the session this helped to move Treasuries off their lows while the 2y note auction had little impact on prices. At the pit close, T-notes finished at 129.10, down 2+ ticks. Overnight USTs traded modestly lower by 1 tick at 129.09.

Barclays Prelim month-end extensions for US Treasury +0.09yrs (Prev. +0.09yrs, Average of last 12 months +0.10yrs)

Source: RANsquawk
Print
Tuesday, 28 Apr 2015
06:19

Says
- BoJ will reduce inflation forecast for FY16

Source: BBG
Print
Tuesday, 28 Apr 2015
06:17
Source: BBG
Print
Tuesday, 28 Apr 2015
06:11

EUR/USD
- 1.0795-1.0800 (670mln), 1.0885 (747mln), 1.0900 (400mln).

GBP/USD
- 1.5150 (267mln), 1.5185 (235mln), 1.5250 (1.2bln).

EUR/GBP
- 0.7190 (257mln), 0.7345 (600mn).

AUD/USD
- 0.7790-0.8000 (1bln), 0.7830 (300mln).

NZD/USD
- 0.7500 (565mln)

USD/CAD
- 1.2250 (518mln).

USD/JPY
- 119.00 (530mln), 120.00 (610mln).

EUR/JPY
- 130.70 (330mln).

Tags: USD - GBP - GBP/USD - Forex - EU Session
Source: RANsquawk/IFR
Print
Tuesday, 28 Apr 2015
06:08
Tuesday, 28 Apr 2015
06:02

Gold (-0.50%) saw a mild pullback overnight from yesterday’s gains, where the safe haven was supported amid weakness seen in stocks and USD, with prices trading just above the psychologically key USD 1200 level ahead of the 2 day FOMC meeting. 

Copper prices were lower and weakness in commodity prices also saw iron ore display a mild pullback from its recent rally, but prices remain near 2 month highs as Chinese steel mills are said to be returning to the market.

MACRO NEWS

US equities finished in the red after being weighed upon by biotech stocks as Mylan (-5.7%) rejected the takeover proposal from Teva (-4.3%). The DJIA finished down 0.23% at 18037.70, the S&P 500 finished down 0.41% at 2108.92 and the NASDAQ-100 finished down 0.26% at 4525.04. Elsewhere, Asian equities trade mostly lower with Chinese markets weighed by the energy sector following poor results from PetroChina and overnight weakness in crude, while the Nikkei 225 was the session’s outperformer lifted by positive corporate earnings, with 300 Co.’s scheduled to report this week. Finally, the ASX 200 is down 0.34% at 5,9762.10, the Nikkei 225 is up 0.52% at 20,087.66, the Shanghai Comp is down 0.32% at 4,512.76 and the Sensex is down 0.57% at 27,332.23.

Overnight price action was relatively subdued amid a light economic calendar and a lack of news flow. Nonetheless, AUD saw a relief rally, after RBA governor Stevens declined commenting on monetary policy on his speech remarks and subsequent Q&A. This comes ahead of next week's rate decision where Credit Suisse OIS index shows a 51% chance of 25bps rate cut.

METALS NEWS

Global Gold ETF holdings decreased by 94,538 ounces to 52,190,004 ounces as of April 27th after SPDR decreased holdings by 105,527 ounces on April 27th.  (BBG)

Global Silver ETF holdings increased by 1,227,496 ounces to 626,854,586 ounces as of April 27th after iShares increased holdings by 956,120 ounces on April 24th, ETF increased holdings by 239,649 ounces on April 27th and Deutsche Bank increased holdings by 31,734 ounces on April 24th. (BBG)

Global Platinum ETF holdings increased by 2,259 ounces to 2,663,762 ounces as of April 27th after ETF increased holdings by 2,060 ounces on April 27th while Global Palladium ETF holdings increased by 8,146 ounces to 2,908,276 ounces as of April 27th after Newpall increased holdings by 3,977 ounces and ETF increased holdings by 4,017 ounces on April 27th. (BBG)

China Jan-Mar gold consumption rose by 1.14% Y/Y to 326.68 tons according to the Gold Association. (RTRS)

The world’s largest gold producer Barrick Gold reported a 15% decrease in sales to USD 2.25bln vs. Exp. USD 2.35bln as output declined more than expected to 1.39mln tons in Q1. (BBG)

BHP Billiton Colombian nickel mine is close to reopening as a strike ending deal nears according to Sintracerromatoso union president Domingo Hernandez. (BBG)

Coeur Mining says 25.4mln silver ounces and 376k gold ounces have been added to the proven and probable reserves at its Palmarejo mine. (BBG)

China leading steel maker in Wuhan Steel is said to have reported a 124.13% rise in FY 2014 net profit to CNY 1.257bln while operating profit declined 2.09% to CNY 99.73bln. (RTRS)

 

 

 

 

 

 

Source: RANsquawk/BBG/RTRS
Print
Tuesday, 28 Apr 2015
06:01
Reaction details: 06:07

- In an immediate reaction Co. shares fell 4.63% to JPY 728.32 from JPY 763.70.

Source: BBG
Print
Tuesday, 28 Apr 2015
06:00

- Q1 bad loan ratio 4.85% vs. Prev. 5.19%

- Q1 NII EUR 8.04bln vs Prev. EUR 7.71bln 

Source: BBG
Print
Tuesday, 28 Apr 2015
06:00
Reaction details: 06:01

- No immediate reaction seen in USD/JPY, trades 119.09 (-1 pips) last

Source: BBG
Print
Tuesday, 28 Apr 2015
05:58

 

Daily Economic Releases is a comprehensive one stop-shop for key economic data, central bank speakers, government bond auctions, expiries and holidays for the G7 and beyond. If you would like to upgrade your account to receive access to this report please contact us at admin@ransquawk.com

Source: RANsquawk
Print
Tuesday, 28 Apr 2015
05:47
Source: BBG
Print
Tuesday, 28 Apr 2015
05:40
Tuesday, 28 Apr 2015
05:23
Source: BBG
Print
Tuesday, 28 Apr 2015
05:23
Tuesday, 28 Apr 2015
05:21
Source: BBG
Print
Tuesday, 28 Apr 2015
05:19
Source: BBG
Print
Tuesday, 28 Apr 2015
05:08
Tuesday, 28 Apr 2015
05:08
Reaction details: 05:12

- Co. shares immediately moved lower by 1.56% to JPY 783.00 from JPY 795.41.

Source: BBG
Print
Tuesday, 28 Apr 2015
05:05
Tuesday, 28 Apr 2015
05:04
Source: BBG
Print