EU CONSUMER STAPLES: Carrefour x Ahold Delhaize had talks
May-23 08:30
(CAFP; NR/BBB)(ADNA; Baa1/BBB+)
Apparently Ahold was considering takeover of Carrefour, talks had begun between the two, Ahold walked away in January of this year.
Reminder Carrefour is doing a 'strategic review' on its business that for now lacks details.
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EGBS: Eurex To Launch EU Bond Future In September
Apr-23 08:27
Eurex will launch a joint EU bond future on September 10 2025, with the exchange noting that the contract affirms its “strategic commitment to supporting European ambitions for greater autonomy at a time when the continent is relying on additional debt issuance”.
- The exchange had previously suggested that it would aim to launch the contract this year after delaying the launch from last year.
- Eurex had noted that it needed to see the right conditions before launching the contract, with confidence that the EU's bond programme would extend beyond 2026 acting as a key pre-requisite.
- Competitor ICE launched their EU bond futures contract back in December, although it has struggled to generate activity. The June ’25 futures currently has an OI of just 156 contracts, with front month OI peaking at 226 contracts during the first few months of trading.
EQUITIES: BNP Option Call trade
Apr-23 08:27
BNP (16th May) 74c, bought for 2.8 in 2.75k.
FOREX: FX OPTION EXPIRY
Apr-23 08:21
Of Note:
EURUSD 2.03bn at 1.1400 (could act as magnet).
USDCAD 1.93bn at 1.3800 (fri).
USDCAD 2.4bn at 1.3800/1.3825 (tue).
- EURUSD: 1.1375 (455mln), 1.1385 (493mln), 1.1400 (2.03bn).
- GBPUSD: 1.3320 (268mln).
- USDJPY: 1.2520 (725mln), 142.00 (353mln).
- AUDUSD: 0.6350 (361mln), 0.6355 (784mln), 0.6375 (254mln), 0.6400 (647mln).
- USDCNY: 7.3000 (586mln).
- EURNOK: 11.7800 (535mln).
