News Headline Summary

RANsquawk - Today's trading edge

Friday 23rd November

TIME: 1705GMT
NEWS: S&P cuts Hungary to BB from BB+; Outlook to stable
REACTION: In reaction to this rating action HUF weakened, with EUR/HUF moving to a fresh high of 280.75 in a move of 25 pips; trades 280.20 last, over the next 90 minutes EUR/HUF continued to move to the upside settling at 282.41, a total move of 232 pips.

TIME: 1521GMT
NEWS: MBIA (MBI) have documents in their possession that could be very damaging to BofA (BAC) according to BTIG
REACTION: In reaction to this MBI shares move 1.9% to the upside to print a fresh high at USD 8.36; trades USD 8.21 last.

TIME: 1453GMT
NEWS: Rosette Genomics (ROSG) files new patent for treating liver cancer
REACTION: ROSG shares rose 8.28% in reaction to the news, last trade at USD 4.65.

TIME: 1448GMT
NEWS: National Beverage (FIZZ) announces a special cash dividend
REACTION: In reaction to this announcement co. shares pop 1.7% to the upside, moving from USD 14.85 to USD 15.11; trades USD 15.10 last.

TIME: 1415GMT
NEWS: Market talk that Illumina (ILMN) strength is from the ACOG/SMFM pre-natal testing recommendation- unconfirmed
REACTION: In reaction to the news ILMN are trading up 2.8% pre-market.

TIME: 0731GMT
NEWS: Greece and the Troika are edging towards an agreement on the formula that would make the Greek debt sustainable
REACTION: Over the past 5 minutes EUR/USD has gained around 15 pips from 1.2895, printing session and 3 week highs at 1.2910 (+20 pips) last.

23 Nov 2012 - 16:29 - Equities Rumour - 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: