News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2100BST
NEWS: Portugal constitutional court says rejects some austerity measures in 2013 budget.
REACTION: EUR/USD immediately fell 16 pips from 1.3008 to 1.2992 following this news.

TIME: 1711BST
NEWS: S&P affirms the UK ratings at AAA; Outlook still negative.
REACTION: GBP/USD moved 12 pips higher in immediate reaction from 1.5322 to 1.5334.

TIME: 1618BST
NEWS: Market Leader (LEDR) initiated with an Overweight at Stephens.
REACTION: In an immediate reaction LEDR shares rise 1.02% from USD 8.88 to 8.97.

TIME: 1455BST
NEWS: Negative for HeartWare International (HTWR) death reported on FDA website from a device malfunction.
REACTION: Co. shares move 3.19% lower from USD 84.69 to USD 82.00.

TIME: 1441BST
NEWS: Parametric Sound (PAMT) will be expanding their Hypersound to additional McDonalds restaurants.
REACTION: Co. shares move 5.61% higher in immediate reaction to the news from USD 17.70 to USD 18.70.

TIME: 1338BST
NEWS: French government considering selling stakes in state-backed companies.
REACTION: In reaction to this news EDF (EDF FP) shares fell 1.75% from EUR 15.73 to EUR 15.44.

TIME: 1254BST
NEWS: Norden (DNORD DC) starts share buyback of up to USD 30mln.
REACTION: DNORD DC shares immediately spiked higher by 2.5% from DKK 183.81 to DKK 188.41.

TIME: 1204BST
NEWS: Telecom Italia (TIT IM) says it is in preliminary talks with Hutchinson.
REACTION: Within two minutes Co. shares have gained 5.6%, from EUR 0.573 to EUR 0.605.

TIME: 0955BST
NEWS: Telecom Italia (TIT IM) COO says no talks under way with funds from Abu Dhabi, declines to comment on possible tie-up with H3G.
REACTION: In an immediate reaction, after initially spiking lower by 1.48%, co. shares quickly reversed and gained 2.32% from EUR 0.56 to EUR 0.58.

TIME: 0517BST
NEWS: Tokyo Stock Exchange halts trading in JGB futures after 1 point drop.
REACTION: In immediate reaction USD/JPY moved 28 pips lower from 96.59 to 96.31. In the 5 minutes following the news, the Nikkei 225 moved lower by 62.30 points from 12976.78 to 12914.48.

Print 20:20, 05 Apr 2013 - Update - Source: RANsquawk