EU BASIC INDUSTRIES: Akzo Nobel: Cevian Stake (AKZANA; Baa2neg/BBBneg/WD)

Oct-15 12:35

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A bit late on this one but... * Cevian announced that they now own 5.02% of Akzo. * Had previously o...

Historical bullets

EQUITIES: Fresh All-Time Highs For S&P E-Minis

Sep-15 12:34

Fresh all-time highs for S&P 500 e-minis after U.S. President Trump points to a desire for a move to semi-annual reporting for corporates, as opposed to the current quarterly reporting, with a focus on the Chinese model that looks towards longer-term planning.

  • This would reduce regulatory costs for firms and points to an ongoing preference for lighter touch regulation (for many domestic firms) within the Trump administration.
  • Trump also notes that the Sino-U.S. trade meeting has gone “very well”, while alluding to a deal re: TikTok.
  • The positives in those two posts have outweighed any negatives for U.S. social media companies (stemming from the TikTok deal hope) at an index level.
  • Projected resistance in S&P 500 e-minis comes in at 6,685.25.

EQUITIES: ROLL PACE (updated)

Sep-15 12:31
  • ESA: 28%.
  • NQA: 14% (below pace).
  • DOW: 21% (below pace).
  • VGA: 21% (below pace).
  • EU Banks: 14% (below pace).
  • Stoxx600: 25%.
  • Dax: 20% (below pace).
  • FTSE: 27%.

MNI: CANADA JUL WHOLESALE SALES +1.3%; EX-AUTOS +0.3%

Sep-15 12:30
  • MNI: CANADA JUL WHOLESALE SALES +1.3%; EX-AUTOS +0.3%
  • JUL WHOLESALE INVENTORIES +1.0%: STATISTICS CANADA
  • CANADA JUL WHOLESALES EX-PETROLEUM/OILSEED/GRAIN +1.2%