MONDAY 25th JUNE
NEWS: Market talk of stops in USD/JPY below 80.00; trades 80.10 (-32pips) last – Unconfirmed.
REACTION: At 1010BST USD/JPY triggered stops at 80.00 and moved 20 pips lower over the following 10 minutes.
NEWS: Market talk of bids in EUR/GBP at 0.8020; trades 0.8033 (-30pips) last – Unconfirmed.
REACTION: At 1105BST EUR/GBP met bids at 0.8020 and moved 10 pips higher over the following 50 minutes.
NEWS: Porsche (PAH3 GY) and VW (VOW3 GY) stick to plan for integrated car-maker.
REACTION: Porsche shares initially fell around 0.6% before bouncing back.
NEWS: EU's Juncker says conditions of aid to Spain will include restructuring plans.
REACTION: Bund futures moved 18 ticks to the upside immediately, EUR/USD dropped 8 pips immediately to make new session lows.
NEWS: EU's Almunia says removing ESM seniority from the Spanish aid package is possible.
REACTION: Bund futures moved 10 ticks lower immediately following the headline, DAX futures gained 10 points over the same time period.
NEWS: Essar Energy (ESSR LN) says Essar oil plans to take appropriate legal action, the petition has not been favourably considered by the court.
REACTION: Co. shares moved 3.5% to the downside in the following 60 seconds following this news.
NEWS: Justice Department is seeking information on DirecTV (DTV) and Dish (DISH) pricing contracts.
REACTION: Dish shares moved down 1.80% and DirecTV moved down 0.85% immediately following the headline.
Print 20:17, 25 Jun 2012 - Market Analysis - Source: RANsquawk
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