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20:32 Update

**RANsquawk Desk is now closed for EASTER 2014 - Desk shall not reopen until 1200BST/0600CDT Monday - We wish you all a very happy Easter**

MARKET OPENING SCHEDULE

- On Friday the 18th of April, the CME, NYSE, Eurex and LIFFE are all closed

- On Monday the 21st of April Eurex and LIFFE are closed but CME & NYSE are open as usual

RANSQUAWK DESK SCHEDULE

- EU/US Desk closes at regular time of 2130BST/1530CDT on Thursday 17th of April but will not reopen until at 1200BST/0600CDT on Monday 21st April

- Asia Pac Desk closes at regular time of 1000BST/0400CDT on Thursday 17th of April but will not reopen until 2200BST/1600CDT on Monday 21st April

20:32 Fed

US Fed balance sheet liabilities rose to USD 4.241trl (week ended April 16th) vs. Prev. USD 4.2011rl

- Foreign central bank holdings of US Treasuries down 13.337bln to USD 2.959trl in week ending April 16th.

20:20 Update

RANsquawk - Today's Trading Edge

TIME: 1857BST
NEWS: RANsquawk sources note Brean Capital out positive on E-Commerce China Dangdang (DANG) citing technicals - Unconfirmed
REACTION: In an immediate reaction, DANG shares rose 1.3% from USD 12.53 to USD 12.69

TIME: 1856BST
NEWS: Arch Coal (ACI) confirms probe on potential misconduct by attorney’s office in West Virginia
REACTION: In an immediate reaction, ACI shares fell 0.8% from USD 5.06 to USD 5.02 and over the following 2 minute period fell a further 2.9% from USD 5.04 to USD 4.90.

TIME: 1847BST
NEWS: Illinois State Attorney General says her office is investigating Herbalife (HLF)
REACTION: In an immediate reaction HLF shares fell 3.0% from 56.69 to USD 55.00, before continuing the decline to print a low at USD 54.03, making the entire move lower 7.7%.

TIME: 1728BST
NEWS: RANsquawk sources note Cedar Rapids Casino fails to get approval which is seen as a positive for Isle of Capri (ISLE) - Unconfirmed
REACTION: In immediate reaction co. shares gained 6.6% in a move higher from USD 7.11 to USD 7.58

TIME: 1702BST
NEWS: Sears Holdings (SHLD) director Tisch buys 475k shares at USD 33.56/Shr, according to filing
REACTION: In an immediate reaction SHLD shares rose 4.3% from USD 34.04 to USD 35.50

TIME: 1646BST
NEWS: MoneyGram (MG) price target cut to USD 15.50 from USD 19.00 at Piper Jaffray
REACTION: In an immediate reaction MGI shares fell 1.5% from USD 15.25 to USD 15.02

TIME: 1630BST
NEWS: ECB's Mersch says FX increasingly has an impact on the inflation outlook, and if FX levels continue, a reaction by the ECB is inevitable
REACTION: In an immediate reaction, EUR/USD fell 10 pips from 1.3837 to 1.3827

TIME: 1530BST
NEWS: Avis Budget Group (CAR) increases its stock repurchase program to USD 300mln
REACTION: In an immediate reaction CAR shares rose 2.4% from USD 54.72 to USD 56.06.

TIME: 1514BST
NEWS: Vintage Capital withdraws USD 30.50 per share offer to buy Aaron's (AAN)
REACTION: In an immediate reaction, AAN shares fell 3.8% from USD 30.05 to USD 28.92

TIME: 1439BST
NEWS: RANsquawk sources say Ford (F) is new undisclosed customer of Plug Power (PLUG)
REACTION: In an immediate reaction, PLUG shares rose 4.6% from USD 7.03 to USD 7.36

TIME: 1258BST
NEWS: RANsquawk sources report offers in EUR/USD at 1.3865/70, 1.3865 is also a large size option expiry for today NY cut said to be USD 500mln+
REACTION: Over the course of the following 45 minutes the pair fell 15 pips from 1.3861 to 1.3846

TIME: 0530BST
NEWS: RANsquawk report bids in AUD/USD at 0.9355
REACTION: Over the course of the following hour the pair rose 11 pips from 0.9355 to 0.9366

20:18 Commodities

CME lowers natural gas Henry Hub future initial margins for specs by 5% to USD 1,135 per contract

20:17 Market Analysis

Although the desk will be closing in 15 minutes, the Chilean rate decision is due tonight at 2200BST/1600CDT with 15/19 expecting a hold, and the Apr'14 regular serial DOW, NASDAQ and S&P options expiries are at 2215BST/1615CDT

20:16 US Equities

AMD (AMD) Q1 Adj. EPS USD 0.02 vs. Exp. break-even

- Q1 rev. USD 1.40bln vs. Exp. USD 1.34bln.

20:12 US Equities

ONEOK (OKE) boosts quarterly div. to USD 0.56 vs. Exp. USD 0.40

20:07 US Equities

First Financial (FFIN) Q1 EPS USD 0.70 vs Exp. USD 0.66

20:06 US Equities

Capital Bank (CBF) Q1 core EPS USD 0.24 vs Exp. USD 0.24

20:06 US Equities

Cepheid (CPHD) Q1 Adj. Loss/Shr USD 0.01 vs Exp. Loss/Shr USD 0.07

20:02 US Equities

athenahealth (ATHN) Q1 Adj. EPS USD 0.12 vs. Exp. USD 0.16

- Q1 revenue USD 163.0mln vs. Exp. USD 169.4mln

20:01 Market Analysis

US EQUITY WRAP: US equities traded range bound heading into the Easter break, supported by a strong Philly Fed number and four party talks on Ukraine coming to an agreement

In the final day of this truncated trading week, US markets closed the session relatively flat, finding strength from the highest Philly Fed reading since September, which came in at 16.6 better than the expected 10 and significantly higher than the Q1 average of 4.0, and heading into the close by reports that four party talks on Ukraine have agreed on a joint statement on initial steps to de-escalate the situation. At the end of the first major week of earnings season, companies have generally performed well, with SanDisk (+9.4%) the best in the S&P 500 after boosting 2014 gross margin and Morgan Stanley (+2.9%) saw strength after reporting a gain in trading revenues which boosted profits. At the other end of the spectrum Google (-3.7%) and IBM (-3.2%) were the worst in the NASDAQ 100 and DJIA respectively, as their aftermarket earnings missed last week. Finally, the DJIA finished down 0.1% at 16,408.66, the S&P 500 up 0.17% at 1,865.49, and the NASDAQ 100 up 1.17% at 3,534.53. For the week, the DJIA finished up 1.47% at 16,408.66, the S&P 500 up 1.73% at 1,865.49, and the NASDAQ 100 up 1.34% at 3,534.53.

20:00 FX Flows

NY Federal reserve says no forex swaps with foreign central banks in latest week

19:52 US Equities

NYSE closing imbalance: 21/30 for sale in DJIA

19:36 US Equities

Herbalife (HLF) issues statement saying is confident in integrity of business and compliance with applicable regulations

19:04 US Equities

Chemtura (CHMT) weakness is a buying opportunity, rated a buy at Gabelli

19:00 Commodities

US gasoline production hits a record high in March for that month at 9.3mln BPD, according to the API

18:54 Update

**RANsquawk EASTER CLOSING SCHEDULE 2014 - Desk & Exchange times**

MARKET OPENING SCHEDULE

- On Friday the 18th of April, the CME, NYSE, Eurex and LIFFE are all closed

- On Monday the 21st of April Eurex and LIFFE are closed but CME & NYSE are open as usual

RANSQUAWK DESK SCHEDULE

- EU/US Desk closes at regular time of 2130BST/1530CDT on Thursday 17th of April but will not reopen until at 1200BST/0600CDT on Monday 21st April

- Asia Pac Desk closes at regular time of 1000BST/0400CDT on Thursday 17th of April but will not reopen until 2200BST/1600CDT on Monday 21st April

18:33 Market Analysis

US ENERGY WRAP: Brent retraces early gains as Ukraine de-escalation plans are agreed in Geneva; WTI crude futures settle at USD 104.30, up USD 0.54 (+0.52%)

Brent crude futures closed in the red on the final trading day of the week as Russian Foreign Minister Lavrov announced that an agreement had been reached to take steps to de-escalate the Ukraine crisis. This followed talks in Geneva that were also attended by the EU and US, which saw the four parties agree to call for illegal armed groups to be disarmed and occupied buildings to be handed back. WTI also declined following the reports but remained in the green having pared back much of yesterday’s DoE-inspired declines overnight. As a result the spread between the two benchmarks remains around the USD 6.00 mark. Natural gas futures rallied to the highest level since late February as this week’s storage change data from the EIA showed a build of 24 BCF, below the expected 36 BCF. The EIA report added that total US inventories are now 850BCF, down 50% Y/Y and 1trl BCF below the five-year average.

18:28 Market Analysis

Markets remain very quiet as is usually the case heading into the Easter break... nothing else scheduled for the rest of the session with all three major US indices remaining at around intra-day highs with 90 minutes until the close on Wall Street

18:06 US Equities

RANsquawk sources note Trade Street (TSRE) are a new pick at PTT Research - Unconfirmed

'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 the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

17:57 US Equities

RANsquawk sources note Brean Capital out positive on E-Commerce China Dangdang (DANG) citing technicals - Unconfirmed

'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 the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

17:57 US Equities

Arch Coal (ACI) requested help of Fed authorities on investigation

17:55 Global News

Military operation in Ukraine southeast to go on despite Geneva agreement according to RT

17:47 US Equities

Illinois State Attorney General says her office is investigating Herbalife (HLF)