EU FINANCIALS: CIBC: 3Q25 Results Headlines
Aug-28 10:15
(CM; Aa2/A+/AA-)
“*CIBC: INTENTION TO REPURCHASE UP TO 20M COMMON SHARES”
“*CIBC 3Q ADJ. REV. C$7.25B, EST. C$7.03B”
“*CIBC 3Q PROVISION FOR CREDIT LOSSES C$559M, EST. C$577.7M”
“*CIBC 3Q BASEL III CET 1 RATIO 13.4%, EST. 13.5%” - BBG
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
GLOBAL: Equities Higher, Signaling Positive Open on Wall Street
Jul-29 10:13
- (BBG) – US Trade Representative Jamieson Greer said “more negotiations” will be needed with India on a trade deal just days before an Aug. 1 deadline for higher tariffs. Washington needs additional talks to gauge how ambitious India’s government is willing to be to secure a trade agreement, Greer said in an interview on CNBC on Monday.
- (MNI) – Amichai Stein at I24 posts on X: "After the limited cabinet discussion that addressed options in the war in Gaza, two things are currently being awaited: A. Perhaps Hamas will nonetheless soften its response. B. [Minister of Strategic Affairs Ron] Dermer and [National Security Advisor Tzachi] Hanegbi's talks in Washington. There is an expectation for a cabinet meeting this week, which might convene on Thursday."
- (MNI) – 1-year ahead consumer inflation expectations eased two tenths to 2.6% in June, having now fully reversed the rise to 3.1% between February and April. Three-year ahead expectations were unchanged at 2.4%, with 5-year ahead expectations at 2.1% for the seventh consecutive month. 5-year ahead expectations are in line with market pricing of 5y5y EUR inflation swaps (currently 2.13%).
OUTLOOK: Price Signal Summary - USDJPY Key Resistance Remains Exposed
Jul-29 10:10
- In FX, EURUSD traded sharply lower Monday and the close at the day low strengthens a short-term bearish threat. Sights are on key support at the 50-day EMA, at 1.1560. It has been pierced, a clear break of it would signal a stronger reversal and the start of a correction. This would open 1.1431, 23.6% of the Feb 3 - Jul 1 bull cycle. Key resistance and the bull trigger is 1.1829, the Jul 1 high.
- A bearish set-up in GBPUSD remains intact and Monday's move lower strengthens this theme. The bear trigger at 1.3365, the Jul 16 low, has been cleared. This confirms a resumption of the downleg that started Jul 1 and highlights a clear break of the trendline drawn from the Jan 13 low. The breach opens 1.3245, the May 19 low. Initial resistance is seen at 1.3472, the 50-day EMA.
- A bull cycle in USDJPY remains in place. The latest recovery signals the end of the corrective phase between Jul 16 - 24. Attention is on key resistance and the bull trigger at 149.18, the Jul 16 high. Pivot support to monitor is 146.11, the 50-day EMA. A clear breach of it would instead signal scope for stronger reversal. First support is at 146.92, the 20-day EMA.
USD: The Dollar is still pairing earlier gains
Jul-29 09:49
- The Dollar is now back to closer to flat against G10s on the Day, the SEK is still down 0.28%, but similar to other Currencies it is paring losses versus the Greenback.
- Both the EUR and the Pound are slowly edging back towards their respective overnight highs.
- Initial resistance in Cable moves down to 1.3380.
