EQUITIES: Estoxx put seller
May-18 09:39
SX5E (15th Dec) 3850p, sold at 77.20 in 15k
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EQUITIES: Emini clears resistance
Apr-18 09:39
- ESM3 has cleared Friday's high at 4189.00, now trades at its highest level since 16th February.
- Next resistance will be at 4205.50 High Feb 16.
- In Europe, Banks stocks continue to lead in Stoxx600, now up 1.63%.
EGB SYNDICATION: Austria 6y Green / 30y conventional: Launched
Apr-18 09:26
- Maturity: 23 May 2029 (Green)
- Size: E3bln WNG
- Spread set at MS-17bps (guidance was MS-15bp area)
- Books over E7.5bln (inc E350mln JLM interest)
- ISIN: AT0000A33SH3
- Maturity: 20 October 2053 (Conventional)
- Size: E2bln (WNG)
- Spread set at MS+56bps (guidance: MS+57bp area)
- Books over E4bln (inc E1.225bln JLM interest)
- ISIN: AT0000A33SK7
- For both:
- Settlement: 25 April 2023 (T+5)
- Bookrunners.. BARC (B&D/DM) / BofA / DB / ERSTE / JPM / MS
- Timing: Books to close at 11:00BST / 12:00CET
From market source
GERMAN DATA: Sliding ZEW Expectations Point Towards Stagnation
Apr-18 09:23
GERMANY APR ZEW EXPECTATIONS 4.1 (FCST 15.6); MAR 13.0
GERMANY APR ZEW CURRENT SITUATION -32.5 (FCST -40); MAR -46.5
- ZEW German economic sentiment deteriorated for a second month in April, falling 8.9 points to +4.1, against consensus expectations of a 2.6-point uptick. Expectations took a substantial hit in April, implying that no significant improvement is anticipated for the German economy in the next six months.
- The survey of financial market experts found increased caution regarding lending, whilst high inflation rates and interest rates continue to weigh on growth.
- In contrast, the current situation index jumped 14 points to -32.5 in April, beating expectations albeit remaining firmly in pessimistic territory.
- The boost to current sentiment largely signalled alleviated concerns about a possible financial market crisis, following the sharp March decline fuelled by banking-sector turbulence including the SVB collapse.
- German Q1 flash GDP is due next week, which may well see the eurozone's largest economy dip into recession following the Q4 contraction.
