News Headline Summary

RANsquawk - Today's trading edge

TIME: 1953GMT
NEWS: Mellanox shares defended at Barclays
REACTION: MLNX shares rose 1.16% in reaction.

TIME: 1825GMT
NEWS: General Electric (GE) spokesperson declines to comment on rumour of First Solar (FSLR) bid
REACTION: FSLR trade up 3.0% on the day following the earlier chatter.

TIME: 1613GMT
NEWS: Siemens (SIE GY) said to be close to buying Invensys (ISYS LN) rail assets in UK
REACTION: In an immediate reaction, Invensys shares spiked up 6.18%. Siemens shares unreactive, up 0.69%.

TIME: 1604GMT
NEWS: Market talk that GE (GE) may bid for First Solar (FSLR) - Unconfirmed
REACTION: First Solar shares unreactive, up 2.17%

TIME: 1558GMT
NEWS: Icahn filing includes proposal for repeal of Oshkosh (OSK) new by-laws
REACTION: In an immediate reaction, co. shares fell 1.06%.

TIME: 1551GMT
NEWS: Market talk that Virtu Financial to present USD 3 per share offer for Knight Capital (KCG) - Unconfirmed
REACTION: In an initial reaction, Knight Capital shares fell 5.25%.

TIME: 1546GMT
NEWS: Vermillion (VRML) says positive results of OVA1 study for ovarian cancer
REACTION: Shares moved 34% to the upside following the news before being halted by circuit breaker.

TIME: 1537GMT
NEWS: WSJ says White House is flexible on level of top tax rates
REACTION: E-mini S&P moved from 1390 to 1395 over three minutes following the news. T-notes moved from 133.31 to 133.28+ over the three minute period.

TIME: 1522GMT
NEWS: US House Speaker Boehner says willing to put revenues on the table if accompanied by spending cuts, is optimistic that a deal with Obama can be reached
REACTION: This was squawked at 1521GMT, other news services started coverage at 1522GMT and this is when a reaction was seen where E-mini S&P took a 5.25 point move to the upside, T-Notes moved 2 ticks lower to. EUR/USD moved 13 pips higher in the subsequent 3 minutes.

TIME: 1438GMT
NEWS: JC Penney (JCP) sportswear segment sales at PVH were up 10.9% this quarter Y/Y
REACTION: Shares rose 3.43% in reaction to this news.

TIME: 1334GMT
NEWS: BP (BP/ LN) temporarily suspended from new contracts with the US
REACTION: Co.'s shares moved 0.30% to the downside, *UPDATE 1338GMT* co.'s shares have now lost around 2.5% moving to

TIME: 1325GMT
NEWS Over the squawk the desk pointed out a large move to the downside in Gold futures at the Comex open at 13:20GMT, moving around USD 26 from 1735 to USD 1709. The move was attributed to the November futures Gold contract expiring today. Yesterday Dec Gold options expired. Coinciding with Gold weakness, the USD index is trading around highs up 0.25%. Some large stops went through in Gold futures with around 35K sold from 1735 to 1711, equivalent to 3.2mln ounces.
REACTION: This move in Gold caused a knock on effect to other asset classes; E-Mini S&P moved from 1393 down to 1391, T-notes moved up to 133.31 from 133.29+, in FX the USD index gained 0.05%.

TIME: 1315GMT
NEWS: UPS (UPS) are said to be weighing network sharing with rivals in order to save the TNT Express (TNTE NA) deal amid EU antitrust concerns, according to three people familar with the talks
REACTION: TNT Express (TNTE NA) shares initially popped 2.6% to the upside before paring all gains to trade 6.2% lower than pre-announced levels to trade session lows as it emerges that Fedex are focused on blocking the proposed merger.

29 Nov 2012 - 01:14 - Energy Bank Speaker - 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: