EM ASIA CREDIT: FY Results: Adani Ports (ADSEZ, Baa3/BBB-/BBB-) - Beat

May-01 07:56

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FY results strong, positive for spreads. * Adani Ports is India's largest commercial port operator,...

Historical bullets

MNI: GERMANY MAR FINAL MANUF PMI 48.3 (FLASH: 48.3); FEB 46.5

Apr-01 07:55
  • MNI: GERMANY MAR FINAL MANUF PMI 48.3 (FLASH: 48.3); FEB 46.5

ITALY DATA: Very little positive in the PMI manufacturing report

Apr-01 07:49

Nothing particularly positive in the Italian PMI manufacturing press release. It missed expectations by 1.4 points, falling to 46.6 from 47.4 (against an expected increase to 48.0). And most of the details were diappointing. The following highlights from the press release:

  • "Production volumes were lowered once again and at the fastest rate for four months.
  • "New orders continued to decrease at a sharp and steady pace
    in March, keeping firms in retrenchment mode."
  • "Sustained reduction in headcounts amid signs of excess capacity"
  • "Charges up after six months of discounting and despite softer cost pressures"

MNI: ITALY MAR MANUFACTURING PMI 46.6 (FCST: 48.0); FEB 47.4

Apr-01 07:45
  • MNI: ITALY MAR MANUFACTURING PMI 46.6 (FCST: 48.0); FEB 47.4