News Headline Summary

RANsquawk - Today's trading edge

NEWS: New York Times (NYT) said to put Boston Globe up for sale
REACTION: In immediate reaction, New York Times Co. shares moved up 6.12% from USD 8.8927 to USD 9.4391.

NEWS: FOMC Minutes showed several on FOMC said Fed should be prepared to vary pace of QE.
REACTION: Although this was a scheduled event, analysis of the minutes which showed that they damped expectation of QE throughout 2013, meant that the expected reaction was squawked at the beginning of the moves seen across asset classes. The main points were squawked with volume and conviction. In immediate reaction to the release of the minutes, T-notes moved 9 ticks lower from 131.17+ to 131.08+, Gold moved over USD 11 lower from USD 1580/oz to USD 1568.34/oz., the USD-index moved 260 pips higher from 80.811 to 81.071 and E-mini S&P made a small move to the downside before quickly paring.

NEWS: Market talk Nestle (NESN VX) are in talks to buy Green Mountain Coffee Roasters (GMCR) - unconfirmed
REACTION: GMCR shares move 1.36% higher in immediate reaction to the NEWS from USD 45.81 to USD 46.44.

NEWS: Negative piece was released on Verifone (PAY)
REACTION: In immediate reaction, Co. shares moved 1.47% lower from USD 32.314 to USD 31.83.

NEWS: Market talk that Safeway (SWY) is the next target for Carl Icahn
REACTION: In an immediate reaction, Co. shares spiked up 1.14% from USD 20.58 to USD 20.81.

NEWS: Cimatron (CIMT) new buy recommendation at Navellier Global Growth
REACTION: In immediate reaction, Co. shares moved 3.07% higher from USD. 9.552 to USD 9.844.

NEWS: Polish Central banker Chojna-Duch said easing cycle should end in April with key rate at 3% vs. current 3.75%
REACTION: In immediate reaction, EUR/PLN moved 40 pips higher to EUR/PLN 4.1630.

NEWS: BoE MPC voted 6-3 to keep QE unchanged in February minutes
REACTION: Although a scheduled event the 6-3 vote was a massive surprise and as such the analyst immediately squawked the news with greater volume and conviction to emphasise this point. Secondly the accompanying text had the comment ‘MPC considered cutting bank rate, buying other assets and changing remuneration of banks' reserves’ which was instantly identified by the analyst team and squawked immediately after the headline vote. In immediate reaction to the release GBP/USD fell 66 pips from 1.5438 to 1.5372 and March gilts spiked 46 ticks higher from 115.12 to 115.58 in one minute. Given the surprise dovishness of the minutes and various stops tripped on the accent the gilt continued to move higher gaining a total 136 ticks over three minutes from 115.12 to 116.48.

20 Feb 2013 - 21:46 - Fixed Income Bank Speaker - Source: RANsquawk

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