EU CONSUMER STAPLES: Danone: gives up on Lifeway bid

Sep-18 12:36

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(BNFP; Baa1/BBB+) #MNI #Consumer Seems Danone will give up on attempting to buy-out the un-owned 77...

Historical bullets

CAD: The CAD drifts lower Post Canadian Inflation

Aug-19 12:35
  • Just a few pips gained (18 pips) in the USDCAD after the Canadian inflation comes 1 tenth below consensus.
  • Small resistance moves down to 1.3831, but would need a spike all the way to 1.3872 to just reverse US NFP's sell off from the 1st August.
  • There has been no reaction in the likes of the EURCAD.

US TSYS: Post-Housing Starts/Build Permits React

Aug-19 12:34
  • Treasury futures holding firmer after higher than expected Housing Starts (up-revision to prior) while build permits lower than expected.
  • Tsy Sep'25 10Y futures currently trades +4 at 111-20.5 vs. 111-21 high. Initial resistance above at 112-15.5 (Aug 5 high) followed by 112-23 (May 1 high).
  • Key support is 110-08+, the low on Jul 15 and 16. First key support is yet to be tested at 110-23+, the Aug 1 low.
  • Curves remain flatter: 2s10s -0.522 at 56.330, 5s30s -0.279 at 108.244.

CANADA JULY CPI +1.7% YOY ON GAS, FORECAST +1.8%, PRIOR +1.9%

Aug-19 12:30
  • CANADA JULY CPI +1.7% YOY ON GAS, FORECAST +1.8%, PRIOR +1.9%
  • CORE MEDIAN CPI 3.1% YOY FROM 3% IN JUNE; TRIM STEADY AT 3%
  • CANADA CORE MEDIAN FOR JUNE REVISED TO +3% YOY FROM +3.1%
  • CANADA JULY CPI +0.3% MOM MATCHING FORECAST, PRIOR +0.1%