EU AUTOMOTIVE: CREDIT RATING: Nissan S&P Bulletin
Nov-08 07:55
"*S&PGRBulletin: Pressure On If Nissan Earnings Don't Stabilize" - BBG
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EQUITIES: Paring losses
Oct-09 07:52
- VGZ4 slowly recovers back towards flat on the day, down 6 points right now.
- Although the Emini underperforms, the bigger picture is that the Index remains close to its all time record high of 5830.00.
- Cash SPX was just circa 10 points off the all time record high Yesterday.
OPTIONS: Expiries for Oct09 NY cut 1000ET (Source DTCC)
Oct-09 07:50
- EUR/USD: $1.0900-10(E748mln), $1.1000(E789mln)
- USD/JPY: Y144.75($1.4bln), Y146.00($614mln), Y147.00($960mln), Y147.35-50($1.2bln), Y150.00-20($948mln)
- EUR/GBP: Gbp0.8430(E544mln)
- AUD/USD: $0.6625(A$648mln)
- NZD/USD: $0.6050(N$1bln), $0.6175-85(A$633mln)
EGBS: 10-year Spreads To Bunds Wider As European Equities Soften
Oct-09 07:49
Aforementioned equity weakness (which has started to retrace at typing) leaves 10-year EGB spreads to Bunds up to 1bp wider today.
- BTP and OAT spreads remain within yesterday’s ranges.
- Overnight, Italian Finance Minister Giorgetti said Italy may not reach its 2024 GDP growth target, following ISTAT’s downward revision to Q2 growth last week.
- However, he said that this would not “raise concerns for the following years”.
- We have previously noted the Italian Government’s medium-term fiscal forecasts appear somewhat optimistic relative to consensus.
- ECB’s Kazimir is scheduled to speak at 0900BST/1000CET. On Sep 16, he said that “we will almost surely need to wait until December for a clearer picture before making our next move”. However, this was before the weak September flash PMI/inflation data was released.
