EQUITY TECHS: E-MINI S&P: (Z5) Trades Through The 20-day EMA

Nov-05 07:40

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* RES 4: 7000.00 Psychological round number * RES 3: 6993.12 3.500 proj of the Aug 20 - 28 - Sep 2 p...

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EQUITY OPTIONS: Estoxx Put Spread

Oct-06 07:35

SX5E (21st Nov) 5550/4800ps, bought for 66.3 in 4k vs 1.24k at 5660.00.

MNI: EUROZONE SEP CONSTRUCTION PMI 46.0 (46.7 AUG)

Oct-06 07:30
  • MNI: EUROZONE SEP CONSTRUCTION PMI 46.0 (46.7 AUG)

SPAIN DATA: Another Small Decline In IP, But Underlying Signals Remain Positive

Oct-06 07:29

Spanish industrial production fell 0.1% M/M SA in August, the second consecutive sequential decline. Only three analysts had submitted forecasts for the print, with estimates ranging from -0.2% to +0.7% M/M. Though sequential growth rates have been negative for two months now, 3m/3m and Y/Y comparisons remain in positive territory. Furthermore, signals from the manufacturing PMI suggests underlying IP momentum remains positive.

  • Across sub-components, August’s M/M fall was centred in intermediate goods (-1.5% M/M) and energy (-0.7% M/M). There was a solid 2.6% increase in capital goods production, but this followed a 2.9% fall in July. Consumer goods production was +0.2% M/M, after -0.1% in July and -0.3% in June.
  • Annual SA industrial production growth was 3.4% in August, up from 2.7% in July (revised up from 2.5% initial). This was the strongest Y/Y rate in over two years.
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