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Friday, 31 Jul 2015
21:30
Friday, 31 Jul 2015
21:01

TIME: 1430BST/0930BST

NEWS: The EU have initiated an in-depth probe regarding Fedex (FDX) and TNT Express' (TNTE NA) transactions. RANsquawk analysts were quick to remind clients of the recent merger agreement between the two Co.’s and explain that an in-depth probe could bring this deal into question

REACTION: In an immediate reaction TNTE NA shares fell 1.6% from EUR 7.70 to EUR 7.58

Source: RANsquawk
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Friday, 31 Jul 2015
21:00

US equities closed out the final session of the week and month in minor negative territory with focus once again on earnings. US equities have been led lower by the energy sector today, following ExxonMobil (-4.5%) and Chevron (-5.0%) both disappointing investors with their earnings reports. Earnings are expected to remain in focus into next week as we enter the latter stages of this season with around 2/3 of the S&P 500 behind us. As a summary of the earning season so far, around 74% have beaten on their EPS and close to 50% on revenue.The DJIA finished down 0.31% at 17690.46, S&P 500 finished down 0.22% at 2103.93 and the NASDAQ-100 finished down 0.21% at 4588.91.

Fixed income markets today were dictated by US data release in the form of Employment Cost Index. Despite historically not having the propensity to move prices, after the figure showed the slowest wage increase since 1982, US 10y futures rose 18+ ticks and continued a further 6 ticks higher over the next hour. At the pit close, T-notes settled at 127.15+, up 19 ticks. The focus on this particular data point follows comments from the Fed Chair Yellen in June that the Fed will be paying close attention to the ECI release.    

FX markets were dominated by broad based USD weakness throughout the session in the wake of the soft ECI report added to investor doubt on the possibility of the Fed raising rates in September.

WTI continued its recent slide as OPEC's output rose 140K bpd this month to all time record levels, according to a recent newswire poll. The selloff continued throughout the session, exacerbated by pessimism in the energy sector inspired by the aforementioned earnings as well as a reversal in the USD adding to the pressure. 

Source: RANsquawk
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Friday, 31 Jul 2015
20:56

- Coca-Cola Enterprises (CCE) (Thursday) – Co. is currently in discussions with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetranke over a potential three-way merger opportunity, according to sources. (WSJ)

- Broadcom (BRCM) (Thursday) – In regards to the takeover of the Co. by Avago Technologies (AVGO), the IRS have not assured shareholders that the deal will be tax-free, which can occur with some deals across borders. (WSJ)

- UPS (UPS) (1325BST/0725CDT) – Co. are to acquire Coyote Logistics for USD 1.8bln which they predict will improve their earnings next year. (BBG)

- Berry Plastics (BERY) (1301BST/0701CDT) – Co. has purchased Avintiv in a deal valued at USD 2.45bln. (BBG)

- Bristol-Myers Squibb (BMY) (1452BST/0852CDT) – RANsquawk sources note takeover talk for the Co. with Pfizer (PFE) a touted bidder – Unconfirmed. (B4thestreet.com)

- Gap Inc/The (GPS) (1526BST/0926CDT) – RANsquawk sources note takeover talk for the Co. – Unconfirmed. (B4thestreet.com)

- Zurich Insurance (ZURN VX) (1921BST/1321CDT) – are preparing to place a USD 4bln takeover offer for RSA (RSA LN), according to sources. (BBG)

Source: RANsquawk
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Friday, 31 Jul 2015
20:50

EUR short 104K vs 113k short prior week
GBP short 10K vs. 21K short prior week
JPY short 63K vs. 62K short prior week
CAD short 56K vs. 44Kshort prior week
CHF long 0K vs 3.4K long prior week
AUD short 51K vs. 41K short prior week

Source: RTRS/ForexLive
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Friday, 31 Jul 2015
20:47
Source: Hammerstone's Market Talk Forum
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Friday, 31 Jul 2015
20:46

'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

Tags: USD - Rumour - US Session
Source: RANsquawk
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Friday, 31 Jul 2015
20:32
Friday, 31 Jul 2015
20:31
Friday, 31 Jul 2015
20:30
Friday, 31 Jul 2015
20:30
Friday, 31 Jul 2015
20:28
Friday, 31 Jul 2015
19:38

- The full article can be viewed here

Analysis details: 19:42

- As a guide the earlier ECI report showed the increase in wages was the smallest rise since 1982.

- Of note, Fed's Bullard holds a hawkish stance and is a non-voter.

Source: WSJ
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Friday, 31 Jul 2015
19:30
Source: RANsquawk
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Friday, 31 Jul 2015
19:27
Source: BBG
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Friday, 31 Jul 2015
19:21

'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: BBG
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Friday, 31 Jul 2015
19:10
Friday, 31 Jul 2015
18:55
Friday, 31 Jul 2015
18:36
Friday, 31 Jul 2015
18:02

The Weekly Economic Calendar provides a comprehensive look at the week’s economic data, government bond auctions, central bank speakers, corporate earnings and contract & option expires. If you would like to upgrade your account to receive access to this report please contact us at admin@ransquawk.com.

Source: RANsquawk
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Friday, 31 Jul 2015
18:00

- US Oil Rig Count (Jul 31) 664 (Prev. 659).

- US Rotary Gas Rigs (Jul 31) 209 (Prev. 209).

Source: Baker Hughes Inc.
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Friday, 31 Jul 2015
17:47
Source: flyonthewall.com
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Friday, 31 Jul 2015
17:21
Friday, 31 Jul 2015
17:08
Reaction details: 17:11

- In an immediate reaction JBLU shares fell 0.3% from USD 23.02 to USD 22.95.

Source: RTRS
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Friday, 31 Jul 2015
17:02