Headlines

Static headlines view, 1 hour delayed

Published At Asset Class / Category Tickers Content
Friday, 24 Jun 2016
21:30
Source: RANsquawk
Print
Friday, 24 Jun 2016
21:27
Source: Newswires
Print
Friday, 24 Jun 2016
21:23
Source: Newswires
Print
Friday, 24 Jun 2016
21:21
Friday, 24 Jun 2016
21:00

All eyes were on the overnight EU referendum results from the UK and the shock ‘leave’ result rippled into US indices and all three majors gapped lower with the S&P 500 seeing its widest opening gap since 1986 and later turned negative for the year. The Dow Jones was down over 500 points on the day, however this is still only around half of what many investors were expecting. Many accounting the aversion of worse losses to assurances from central banks. However, fears were not elevated as markets closed close to session lows, with 9/10 sectors in the S&P in negative territory, weighed by the obvious laggard on the day, Financials. The mass sell-off flooded into the energy sector and other risk assets, with energy closing down close to 3% on the day with WTI trading well below the 48.00/bbl handle, closing the session down over 4.5%. The DJIA finished down 3.38% at 17,401.57, S&P 500 finished down 3.59% at 2,037.36 and the NASDAQ-100 finished down 4.07% at 4,285.70.

FX volumes hit an all-time overnight record and resulted in a swing in GBP/USD leading the pair to trade at a 30-year low of 1.3229, before rebounding to near 1.40. Other wild swings were also observed in FX and the USD Index was a notable beneficiary, closing higher by over 2%. However, FFR futures are now pricing in a higher chance of a cut as opposed to a hike from the Fed this July, news which resulted in even greater risk off sentiment, which filtered through to fixed income markets. Huge volume was seen in the complex as open ‘Stay’ positions were attacked and shorts decimated. T-notes closed the pit higher by 118 ticks at 132.12.

Looking ahead, the Brexit is still set to be the main topic of conversation next week and participants will eagerly await comments from both Fed Chair Yellen and ECB President Draghi.

Source: RANsquawk
Print
Friday, 24 Jun 2016
20:52
Source: Hammerstone's Market Talk Forum
Print
Friday, 24 Jun 2016
20:30
Friday, 24 Jun 2016
19:55
Friday, 24 Jun 2016
19:54

•    Full Circle Capital (FULL)/ Great Elm Capital (GEC) (1245BST/0645CDT) – The Co.’s have entered into a merger agreement. (Newswires)

•    Medivation (MDVN) (1245BST/0645CDT) – The Co. have issued a shareholder letter, urging a rejection of Sanofi’s offer. (Newswires)

Source: RANsquawk
Print
Friday, 24 Jun 2016
19:53

TIME: 2341BST/1741CDT

NEWS: RANsquawk offered all clients the overnight service free of charge in order to listen to the full coverage of the EU referendum. Using the in house Twitter scanner, RANsquawk analysts noted that rumours had suggested that there was larger than expected leave win in Sunderland, which was 35 minutes before official confirmation where Sunderland had 82,000 for leave and 51,930 for remain. In turn, RANsquawk analysts highlighted that this could be a bellwether for the overall strength for the leave report.
 
REACTION: GBP/USD fell 151pips from 1.4987 to 1.4835 from the release of the Twitter rumours to the official confirmation, which then saw a total fall of over 15 points throughout the night. While RANsquawk analysts was also providing coverage of the volatility with FTSE 100 shares plunging over 8% and Bunds reaching record highs. 

 

Source: RANsquawk
Print
Friday, 24 Jun 2016
19:50
Friday, 24 Jun 2016
19:32
Source: RANsquawk
Print
Friday, 24 Jun 2016
19:14
Source: Newswires
Print
Friday, 24 Jun 2016
18:29
Friday, 24 Jun 2016
18:27
Source: RANsquawk
Print
Friday, 24 Jun 2016
18:11

Next weeks Calendar gives a look ahead to next week's key economic data, central bank speakers, government bond auctions, expires 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
Friday, 24 Jun 2016
18:00

- Oil Rig Count (Jun 24) W/W  330 (Prev. 337)

- Gas Rig Count (Jun 24) W/W  90 (Prev. 86)

Source: Newswires
Print
Friday, 24 Jun 2016
16:49
Source: Newswires
Print
Friday, 24 Jun 2016
16:45
Friday, 24 Jun 2016
16:34
Source: Newswires
Print
Friday, 24 Jun 2016
16:18
Friday, 24 Jun 2016
16:10

The aftermath of the surprise UK referendum caused plenty of volatility across all asset classes, but given the hype over the potential fallout, we saw some containment once London got underway, with liquidity vastly improved in FX.  Cable suffered a near 18 cent drop after briefly tipping the 1.5000 level, basing out around 1.3225-30 before recovering to close to 1.4000 at one stage.  Having held off this level since, it has been a USD/risk move since, but further implications of the leave vote likely to weight.  Global indices curbing their losses on the day – still very much in the red – and JPY and CHF strength has been similarly contained, but admittedly with the help of the respective central banks; the SNB confirming action in the market.  EUR/CHF fell into the low 1.0600’s but has been trading either side of 1.0800 since.  USD/JPY losses through 100.00 eventually find support just in front of 99.00, but the recovery has stopped short of 103.50 – the previous range base.  Elsewhere, AUD, NZD and CAD have been largely moving in tandem, and although well off better levels, have been equally well supported in the wake of the post EU vote sell off.  USD/CAD topped out at 1.3100 while AUD/USD found bids in front of .7300.  NZD/USD dipped under .7000 but has also bounced back by almost 2 cents.  Into the weekend we watch to see how Wall Street fares, but into next week US and UK GDP reads will provide the focus, but we also have manufacturing PMIs out of China with Fed chair Yellen and Draghi also scheduled to speak. 

Source: RANsquawk
Print
Friday, 24 Jun 2016
15:30
Source: Newswires
Print
Friday, 24 Jun 2016
15:30
Source: Newswires
Print
Friday, 24 Jun 2016
15:11