EU FINANCIALS: Banco BPM New Issue

Oct-16 07:38

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*IPT: BANCO BPM 500M WNG 6NC5 FIXED TO FRN EUGB SNP MS+120 AREA - bbg...

Historical bullets

EQUITIES: US and EU Roll Pace

Sep-16 07:36

US:

  • ESA: 58%.
  • NQA: 38% (below pace).
  • DOW: 47%.

EU as of Yesterday:

  • VGA: 36%.
  • Banks: 24% (below pace).
  • Stoxx600: 48%.
  • Dax: 34%.
  • FTSE: 42%.

EQUITY OPTIONS: EU Bank outright Put buyer

Sep-16 07:29

SX7E (17th Oct) 170p, bought for 0.15 in 10.7k.

CROSS ASSET: Bank stocks lead Europe lower

Sep-16 07:28
  • The German Bund is testing through the initial resistance of 128.84, as mentioned by MNI, the sudden sell off in European Equities has been supportive.
  • The Move in Equities is Bank led and especially Italian Banks, after earlier report from Bloomberg that Italy is working on a plan to raise €1.5bn from lenders in 2027.
  • The Banking Index (SX7E) is down over 1% at 1.12%.
  • Next level to watch in Bund is at the 129.13 gap.