News Headline Summary

RANsquawk - Today's trading edge

FRIDAY 29th JUNE

TIME: 1130BST
NEWS: Tesco (TSCO LN) chairman says almost every market is facing challenges; market is becoming more uncertain and the investment plan is not always a smooth journey
REACTION: TSCO LN Shares move 1% to the downside in an immediate reaction

TIME: 1156BST
NEWS: Alstom (ALO FP) and Bombardier win a joint order worth EUR 1bln in France
REACTION: ALO FP shares immediately rose 0.8% on the headline.

TIME: 1219BST
NEWS: Market talk of a US name on the bid in EUR/CHF around the 1.2020/25 mark - Unconfirmed
REACTION: On the move through 1.2020 to the upside, the pair spiked higher by 11 pips before paring the move.

TIME: 1247BST
NEWS: German chancellor Merkel says she did not change rejection of Euro bonds REACTION: Bund future moves 10 ticks higher on the comment with the Dax future falling 3 ticks. EUR/USD sees a minor move of 4 pips to the downside.

TIME: 1619BST
NEWS:
Market talk that JP Morgan (JPM) could be brought into the ongoing Libor-fixing investigation - Unconfirmed
REACTION: JPM shares moved 0.45% lower in the 10 minutes following the headline.

Print 20:15, 29 Jun 2012 - Market Analysis - Source: RANsquawk