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Published At Asset Class / Category Tickers Content
Friday, 03 Jul 2015
02:32
Source: BBG
Print
Friday, 03 Jul 2015
02:30
Reaction details: 02:31

- In an immediate reaction AUD/USD fell 20 pips from 0.7626 from 0.7646, trades 0.7624 last

Source: BBG
Print
Friday, 03 Jul 2015
02:20

Australian Retail Sales (May) Exp. 0.5% (Low 0.1%, High 0.9%) Prev. 0.0%.

Source: BBG
Print
Friday, 03 Jul 2015
02:16
Source: RTRS
Print
Friday, 03 Jul 2015
02:15
Tags: CNY - PBOC - Forex - Asian Session
Source: BBG
Print
Friday, 03 Jul 2015
02:11
Source: BBG
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Friday, 03 Jul 2015
02:01

China Railway Group (390 HK)
- Co. president is said to have resigned, which will be effective immediately. (BBG)

HSBC (5 HK)
- ING is reported to be a top bidder for the Co.’s Turkish unit. (Reuters)

R&F (2777 HK)
- Co. June contract sales rose 6% Y/Y to CNY 4.25bln. (BBG)

Byd (1211 HK)
- Co. has offered to issue up to 261.3mln A shares. (BBG)

China Fin. (721 HK)
- Huarong International has gotten rid of its 12% in the Co. (BBG)

China Seven Star (245 HK)
- Shi Yuzhu has bought 26.3bln of the Co.’s shares

Everbright Bank (601818 CH)
- Co. is said to have completed a CNY 20bln sale of preferred shares. (BBG)

Evergrande (3333 HK)
- Co. has applied for a listing of its subsidiary Evergrande Culture. (BBG)

Huaxia Bank (600015 CH)
- Co. plans to sale preferred shares have been approved. (BBG)

Hunan Corun (600478 CH)
- Co. has been halted for trade over major plan. (BBG)

Kaisa (1638 HK)
- Co. has been removed from the Hang Seng Composite Index. (BBG)

Logan (3380 HK)
- Co. reports June contract sales CNY 2.15bln from CNY 2bln in May. (BBG)

Shimao Property (813 HK)
- Co. June contract sales rose to CNY 8.23bln from CNY 8.07bln Y/Y. (BBG)

Tencent (700 HK)
- Co. and Hillhouse is to set up a fund management joint venture in China. (BBG)

Wanda Commercial (3699 HK)
- Co. is to gather up to CNY 12bln from the sale of its A-shares. (BBG)

Yangtze Power (600900 CH)
- Co. H1 power generation rose 3.8% Y/Y. (BBG)

Other stories
- China's CSRC is said to be looking at short-selling in stock index futures and crack down on manipulation of stock markets, while the PBoC reconfirmed that they are targeting a prudent monetary policy. Also, the CSRC will unveil tax regimes for mutual fund recognition. (BBG)
- China's exports growth is unlikely to see a significant recovery while China should boost investment to stabilize growth. (Financial News)

Broker Moves
- Casinos names (Galaxy, MGM China, Sands China, Wynn Macau) upgraded to hold from sell at Deutsche Bank.
- Citic Securities A shares (600030 CH) and H shares (6030 HK) upgraded to buy at BNP Paribas.
- Galaxy Securities (6881 HK) upgraded to buy at BNP Paribas.
- Haitong Securities A shares (600837 CH) upgraded to hold, and H shares (6837 HK) upgraded to buy at BNP Paribas.
- Lenovo (992 HK) downgraded to reduce at BNP Paribas

Source: BBG
Print
Friday, 03 Jul 2015
02:00
Source: BBG
Print
Friday, 03 Jul 2015
01:49
Analysis details: 01:59

- As a reminder, the jobs report showed US NFP headline increase by 223K jobs vs. Exp. 233K, while the Unemployment Rate fell to 5.3% from 5.5%, but was coupled  a decline in the participation rate.

- Despite the miss on data, it was not seen as bad enough by tier-1 banks and Fed watcher Hilsenrath to warrant an adjustment to the timing for the Fed rate lift off from September.

Source: BBG
Print
Friday, 03 Jul 2015
01:47
Source: RANsquawk
Print
Friday, 03 Jul 2015
01:34

TAIWAN

Cathay Financial (2882 TT)
- Co. life insurance unit bought Far East Horizon (3360 CH) shares for HKD 463.1mln. (BBG)

SINGAPORE

Noble Group (NOBL SP)
- Co. said Prudential bought 5.9mln Co. shares increasing its stake to 8% from 7.9%. (BBG)

Source: BBG
Print
Friday, 03 Jul 2015
01:33
Friday, 03 Jul 2015
01:32
Source: BBG
Print
Friday, 03 Jul 2015
01:10
Source: BBG
Print
Friday, 03 Jul 2015
01:05
Analysis details: 01:11

Data recap:
- Change in Nonfarm Payrolls (Jun) M/M 223K vs. Exp. 233K (Prev. 280K, Rev. 254K); Net -60K
- Average Hourly Earnings (Jun) M/M 0.0% vs. Exp. 0.2% (Prev. 0.3%, Rev. 0.2%)
- Unemployment Rate (Jun) M/M 5.3% vs. Exp. 5.4% (Prev. 5.5%)

Source: RANsquawk
Print
Friday, 03 Jul 2015
01:00
Analysis details: 01:07

- There were previous reports that suggested that the budget would be around KRW 15trl in order to limit the damage caused by MERS on the economy. 

Tags: KRW - Forex - Asian Session
Source: RTRS
Print
Friday, 03 Jul 2015
00:57

Says
- A reason for forecasting additional rate cuts is due to dampened NZ economic sentiment as shown by consumer confidence data, printing its lowest level since Q1 2013.

- Wednesday’s sharp reduction in global dairy prices, which will not bode well for the RBNZ, further increasing calls for policy measures.  

Analysis details: 00:58

- Of note, a slew of poor data from New Zealand and continuing falls in dairy prices has prompted many large banks to bring forward rate cut expectations from the RBNZ at the July 23rd meeting, where 14 out of 17 analysts expect a 25bps rate cut to 3.00%. 

Source: Newswires
Print
Friday, 03 Jul 2015
00:31

Samsung Electronics (00590 KS)
- Co. Q2 operating profit may fall below KRW 7trl. (Daily)

Samsung C&T (000830 KS)
- Co. CEO defends the constested merger plan. (BBG)

Other Stories
- South Korea unionised workers vote to take industrial strike action. (Yonhap)

Broker Moves
- Korea Zinc (010130 KS) downgraded to equalweight at Morgan Stanley.
- Hyundai Steel (004020 KS) outlook upgraded to positive at Moody’s.

Source: BBG/Daily/Yonhap
Print
Friday, 03 Jul 2015
00:30

AGL (AGL AT)
- Co. is said to get at least 5 indicative bids for AUD 500mln stake in Macarthur wind farm. (AFR)

Sandfire (SFR AT)
- Co. was removed from RBC’s global best mining ideas portfolio. (BBG)

Arrium (ARI AT)
- Co. is said to work with Lazard on consumables unit interest. (BBG) (BBG)

ASX (ASX AT)
- Chi-X in discussions with ASIC to list major offshore stocks in Australia while ASX is also working on new option. (BBG)
- Co. June daily number of trades rose 17% Y/Y. (BBG)

Atlas Iron (AGO AT)
- Managing Director David Flanagan targets 14mln-15mln tons annual iron ore output by the end of 2015. (BBG)

G8 Education (GEM AT)
- Co. is said to prepare an offer for Affinity Education (AFJ AT) and take a 16% stake. (AFR)

Telstra (TLS AT)
- Co. launched a new video and phone based medical service. (BBG)

Rio Tinto (RIO AT)
- Co. has appointed Deutsche Bank to aid it in a potential exit from the coal business in a sale that could be worth as much as USD 4bln. (Australian)

Oil Search (OSH AT)
- Co. said talks with the PNG government are in an advanced stage in regards to the proposed infrastructure sites and the site selection for the joint venture to further develop Elk-Antelop gas field. (RTRS)

DrillSearch (DLS AT)
- Co. reported that the managing director and CEO Brad Lingo is leaving the Co. (BBG)

Qantas (QAN AT)
- Co. reported that USD 90mln bonus payment will be made to up to 28,000 employees and the cost will be recognised in full year earnings results. (RTRS)
- Co. expects USD 875mln of the targeted USD 2bln of benefits to have been realised in its transformation program as of FY 2015. (RTRS)

Basic Materials
- Gold futures declined to 15-week low in New York while China import iron ore benchmark fell 6% to its lowest since May 2014, according to Metal Bulletin. (BBG)

Broker Moves
- QBE Insurance (QBE AT) downgraded to neutral at JPMorgan.
- Woodside Petroleum (WPL AT) upgraded to outperform at Credit Suisse.
- Independence Group (IGO AT) upgraded to buy at UBS.
- BC Iron (BCI AT) upgraded to neutral at UBS.

Source: BBG/AFR/Australian
Print
Friday, 03 Jul 2015
00:30

Ajinomoto (2802 JT)
- Co. is said to hike seasoning prices and reduce selection on the back of increasing production costs. (Nikkei)

Kyocera (6871 JT)
- Co. and Microsoft (MSFT) deal expands the patent licensing agreement. (BBG)

Casio (6952 JT)
-  Co. to begin sales of 1st Smartwatch by the end of March 2016. (CNBC)

Asahi Group (2502 JT)
- Co. H1 operating profit is said to be around JPY 45bln vs. Exp. JPY 43.6bln-JPY 45.5bln and Co. forecast JPY 43bln. (Nikkei)

Fast Retailing (9983 JT)
- Co. June domestic Uniqlo sales fell 11.7% Y/Y on cool weather. (BBG)

Hitachi (6501 JT)
- Sumitomo Corp, MHI and Co. are said to have won a JPY 115bln rail order in Thailand. (BBG)

Mazda (7261 JT)
- Co. is said to increase its number of dealers in China. (Nikkei)

Other Stories
- Japan to have excess cash of JPY 1.6trl from 2014/2015 budget. (RTRS)
- Japan to extend special measures for deficit bond sales. (Nikkei)

Broker Moves
- Kose (4922 JT) rated overweight at JPMorgan.
- Shiseido (4911 JT) upgraded to overweight JPMorgan.
- IHI (7013 JT) downgraded to underweight at Barclays.

Source: BBG/Nikkei
Print
Friday, 03 Jul 2015
00:30
Reaction details: 00:31

- No  immediate reaction seen in AUD/USD, trades 0.7632 last.

Source: BBG
Print
Friday, 03 Jul 2015
00:07
Analysis details: 00:00

- As a reminder, the latest Chinese trade data for May showed exports fell by 2.5% Y/Y, which was its 3rd consecutive monthly decline.

Source: BBG
Print
Thursday, 02 Jul 2015
23:59

'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: ForexLive
Print
Thursday, 02 Jul 2015
23:54

EUR/USD
- 1.1000 (746mln), 1.1040-45 (445mln), 1.1100 (439mln), 1.1150-55 (1.1bln)

EUR/GBP
- 0.7000 (270mln)

AUD/USD
- 0.7600 (485mln)

AUD/NZD
- 1.1300 (486mln)

USD/CAD
- 1.2470 (200mln), 1.2500 (270mln)

USD/JPY
- 122.15 (502mln), 122.50 (845mln), 124.00 (585mln)

EUR/JPY
- 136.50 (270mln)

 

Source: RANsquawk/IFR
Print
Thursday, 02 Jul 2015
23:22