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| 20:31 | Update |
RANSQUAWK AUDIO CLOSED FOR THE WEEK; THE DESK WILL REOPEN SUNDAY 2200BST (LONDON TIME) |
| 20:24 | Update |
RANsquawk - Today's Trading EdgeTIME: 19:08BST
TIME: 18:11BST
TIME: 16:06BST
TIME: 1519BST
TIME: 1501BST
TIME: 1305BST
TIME: 1241BST
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| 20:09 | US Equities |
As a reminder, Regular NASDAQ/S&P500 May options expiry (2115BST/1515CDT) |
| 20:02 | US Equities |
US EQUITY WRAPDespite a quiet session with light news flow US equities rebounded from yesterday’s losses to again print record highs. This was in part driven by positive macro economic data from the University of Michigan. The best performing sector was oil and gas which was supported by Tesoro who gained 6% after news that they had bought a refinery from BP. All sectors fared well in today’s session and the all three major indices finished in positive territory. Finally, the DJIA finished up 0.8% at 15354.79, the S&P 500 finished up 0.99% at 1666.78 and the NASDAQ 100 finished up 0.99% at 3028.96. |
| 20:01 | Economic commentary |
US Treasury Secretary Lew says sees US economic growth exceeding 3% next year |
| 19:56 | US Equities |
Moody's says Northrop Grumman's (NOC) target share repurchases should be accommodated in current ratings |
| 19:51 | US Equities |
NYSE closing imbalance - 22/30 to buy in the DJIA |
| 19:51 | US Equities |
NYSE closing imbalance - USD 1.0bln to the buyside |
| 19:43 | FX Flows |
Mexican finance minister Videgaray says Peso appreciation will have a stronger effect in Q2 |
| 19:36 | Commodities |
CFTC says Comex gold speculators cut net long position by 10,043 contracts to 39,260 in week to May 14th- Comex silver speculators cut net long position by 3,710 contracts to 1,413 in week to May 14th.
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| 19:32 | FX Flows |
CFTC says the net EUR short position increases by 41% to USD 7.6bln- CFTC says the net JPY short position increases by 3.8% to USD 10.8bln
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| 19:30 | US Equities |
BGR writes: "Apple’s (AAPL) ‘iRadio’ hits another roadblock, WWDC launch might be delayed" |
| 19:25 | US Equities |
DirectV (DTV) considering acquisition of online video site Hulu according to sources |
| 19:24 | US Equities |
Credit Suisse (CS) CEO Dougan says dividend increase depends on progress 'but that is our hope@ |
| 19:16 | US Equities |
Credit Suisse (CSGN VX) CEO dougan says still room for cash into equities |
| 19:16 | Fixed Income |
US FIXED INCOME WRAPUS T-notes trended lower throughout the day as stronger than expected data out of the US weighed on core fixed income. Firstly, University of Michigan confidence came in at 83.7 vs. Exp. 77.9, T-notes pared the move higher seen yesterday after the weak data seen, including worse than expected weekly jobs data and housing starts and building permits. Today’s POMO was relatively large with the Fed injecting almost USD 5.5bln although this has not supported prices. At the pit close T-notes settled down 19+ ticks at 131.27+. |
| 19:15 | Economic commentary |
California revenue USD 3.2bln above Brown estimate according to an legislative analyst report |
| 19:11 | DAX |
The DAX future spiked 80 ticks printing all time highs at 8477.50 after tripping stops through 8400; it has now retraced some of the move and trades 8447 last |
| 19:06 | US Equities |
Dexia's MBS suit against JP Morgan (JPM) revived by judge |
| 19:03 | Geopolitical |
Defense Secretary Hagel says Syria disintegrating could spark a Middle Eastern war |
| 19:03 | US Equities |
Yahoo (YHOO) to hold product-related event in NYC on Monday according to CNBC- CEO Marissa Mayer to speak at event. |
| 18:59 | Market Analysis |
With S&P pushing higher in recent trade, Dax future tripped stops to the upside moving 30 ticks higher to print a high at 8429 |
| 18:55 | Other Data |
Argentina Activity Index NSA (Mar) Y/Y 2.6% vs. Exp. 2.7% (Prev. 2.3%)Argentina Activity Index SA (Mar) M/M 0.7% (Prev. 0.3%) |
| 18:49 | Economic commentary |
Deputy governor of the South African reserve bank says South Africa's 2013 outlook not much better than 2012 |
| 18:44 | US Equities |
Negative piece out for Solarcity (SCTY) |