News Headline Summary

RANsquawk - Today's Trading Edge

FRIDAY 25th JANUARY

TIME: 2046GMT
NEWS: US Airways (LCC) and AMR (AMR) in final merger talks, deal could come in the next 2 weeks according to sources
REACTION: In immediate reaction LCC shares rose 2.16% going from USD 14.91 to USD 15.17.

TIME: 1726GMT
NEWS: Bill Ackman says he stands by JC Penney (JCP) on CNBC
REACTION: In immediate reaction JCP shares rose 1.68%, going from USD 19.21 to USD 19.54.

TIME: 1708GMT
NEWS: SNB's Jordan expects CHF to weaken over time
REACTION: EUR/CHF moved 29 pips higher in reaction to these comments, from 1.2449 to 1.2478.

TIME: 1534GMT
NEWS: Best Buy cuts MacBook Air price by USD 200
REACTION: In the 2 mins following the news BBY shares continued to move lower, dropping a total of 1.35%.

TIME: 1512GMT
NEWS: Negative piece for Uni-Pixel, Richard Pearson is shorting the stock, thinks it is the next MicroVision.
REACTION: In immediate reaction, Co. shares spiked 5.01% lower.

TIME: 1101GMT
NEWS: ECB says banks to repay EUR 137.2bln of 3y LTRO on Jan-30th
REACTION: The Euribor strip moved down 2-5 ticks (from down 0.5-2ticks pre-announcement). EUR/USD spiked 39 pips higher from 1.3419 to 1.3458 and Mar-Bunds fell 14 ticks from 143.00 to 142.86. Deutsche Bank shares also spiked higher by 0.65% from EUR 36.31 to EUR 36.55.

25 Jan 2013 - 16:10 - Forex - Source: RANsquawk

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