News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 1902GMT
NEWS: Walmart (WMT) executive says Feb sales in worst monthly start in 7 years in a company email
REACTION: Wal-Mart shares fell 4% in reaction to these headlines, causing downside in related retail stocks and the US equity indices. In the 30 minutes following the initial headline the e-mini S&P lost 7.5 points. US Treasuries also reacted to the news and trended higher gaining 5 ticks over 5 minutes.

TIME: 1843GMT
NEWS: Frustrated with low valuation, NASDAQ (NDAQ) debates options according to sources
REACTION: Co. shares moved 1.3% higher before paring the move.

TIME: 1749GMT
NEWS: Marriott (MAR) boosts buyback up to additional 25mln in shares
REACTION: In immediate reaction, Co. shares moved up 1.04%

TIME: 1733GMT
NEWS: Carl Icahn says Herbalife (HLF) is a ‘very’ undervalued stock
REACTION: In immediate reaction, Co. shares moved up 1.60%.

TIME: 1611GMT
NEWS: Wet Seal (WTSLA) says share repurchase program appropriate at this time
REACTION: Co. shares moved 1.32% higher in immediate reaction to the news from USD 3.07 to USD 3.11.

TIME: 1557GMT
NEWS: Joy Global (JOY) says it has found no accounting problems at China unit
REACTION: In immediate reaction, Co. shares moved up 2.25%.

TIME: 1538GMT
NEWS: InterDigital (IDCC) has received significant victory against Nokia according to Dougherty
REACTION: In immediate reaction, Co. shares moved up 1.83% from USD 44.305 to USD 45.093.

TIME: 1503GMT
NEWS: Market talk that Westport Innovation (WPRT) are subject to a takeover - unconfirmed
REACTION: Co. shares move 2.6% higher in immediate reaction to the news from USD 29.36 to USD 30.12

TIME: 1451GMT
NEWS: Market talk Monster Beverage (MNST) could be subject to a takeover from Coca-Cola (KO) - unconfirmed
REACTION: Co. shares move 1.27% higher in immediate reaction to the news from USD 48.14 to USD 48.75.

TIME: 1431GMT
NEWS: Detwiler negative on BlackBerry (BBRY)
REACTION: Co. shares moved 2.4% lower in immediate reaction to the news from USD 15.23 to USD 14.86.

TIME: 1443GMT
NEWS: Kerrisdale positive on AMERCO (UHAL) saying Co. is worth USD 230 per share
REACTION: Co. shares moved 1.2% higher in immediate reaction to the news from USD 146.59 to USD 148.36.

TIME: 1310GMT
NEWS: G20 drafts makes no mention of commitment not to target FX rates and also does not directly mention fiscal targets, this news was squawked with urgency and instant analysis to emphasise its importance.
REACTION: In reaction to the latest G20 draft, USD/JPY moved 45 pips higher from 92.74 to 93.19 in response to the comment that G20 deputies did not single out Japan in discussions on communiqué. Other major FX pairs also saw volatility following this draft: USD/CHF moved 19 pips lower from 0.9240 to 0.9221.EUR/USD moved 43 pips higher from 1.3310 to 1.3353.

TIME: 0630GMT
NEWS: ECB's Weidmann says won't cut interest rates just to weaken the EUR
REACTION: EUR/USD instantly moved higher by 28 pips from 1.3354 to 1.3382.

TIME: 0530GMT
NEWS: G20 statement passage on FX will make no specific mention of Japan, according to the Russian Deputy Finance Minister
REACTION: In the 2mins following the news, USD/JPY moved higher by 18 pips to 92.53.

15 Feb 2013 - 21:19 - Forex Bank Speaker - Source: RANsquawk

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