News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2046BST
NEWS: NY Post Business tweets "NY POST EXCLUSIVE on Saks (SKS) coming shortly!"
REACTION: In immediate reaction to this tweet SKS shares gained 19.25% in a move higher from USD 14.69 to USD 17.51.

TIME: 2041BST
NEWS: Market talk that ECB's Constancio signals no August move given guidance impact - Unconfirmed
REACTION: In immediate reaction to this news EUR/USD gained 17 pips in a move higher from 1.3138 to 1.3155.

TIME: 1902BST
NEWS: Euronet said to be among bidders for MoneyGram International (MGI)
REACTION: In immediate reaction to this news co. shares moved higher by 3.1% in a move from USD 20.84 to USD 21.49.

TIME: 1736BST
NEWS: Market talk that World Acceptance (WRLD) has filed their 10K early - Unconfirmed
REACTION: Co. shares gained 3.1% over 10mins to hit a high at USD 84.33.

TIME: 1633BST
NEWS: Interpublic (IPG) downgraded from buy to neutral at Lazard Capital
REACTION: In the immediate reaction, IPG shares fell 1.30% from USD 15.39 to USD 15.19

TIME: 1557BST
NEWS: Heartland Express (HTLD) Q2 EPS USD 0.23 vs. Exp. USD 0.21
REACTION: In the following 3 minutes, HTLD shares rose 1.85% from USD 14.72 to USD 14.99

TIME: 1201BST
NEWS: The PBoC is to cut its bank lending rate floor, effective on July 20th
REACTION: Over the following 10 minutes, AUD/USD rose 60 pips, moving from 0.9175 to 0.9235. Across the same time period, Sep-13 E-mini S&P added 3.25 points in a move from 1679.00 to 1682.25 as T-notes fell 4 ticks from 126.29+ to 126.25+

TIME: 1113BST
NEWS: ThyssenKrupp (TKA GY) sees steel business long-term as main revenue driver
REACTION: In the immediate reaction, TKA GY shares rose 1.0% from EUR 17.00 from EUR 17.18

TIME: 1032BST
NEWS: Kone (KNEBV FH) Q2 EBIT EUR 242.8mln vs. Exp. EUR 237.1mln
REACTION: KNEBV FH shares rose 1.9% in an immediate reaction from EUR 62.75 to EUR 64.00

TIME: 0830BST
NEWS: Scania (SCVB SS) H1 op profit SEK 3.97bln vs. Exp. SEK 4.28bln
REACTION: In the immediate reaction, SCVB SS shares fell around 4.5% from SEK 146.86 to SEK 140.33 and co. competitor Volvo also came under selling pressure, falling around 0.8% from SEK 95.09 to SEK 94.35

19 Jul 2013 - 22:15 - - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: