FINANCIALS: Generali (ASSGEN A3/NR/A Pos) - Q1 Earnings
May-22 09:35
Credit neutral. Solid results. * Contractual Service Margin 31604.0% vs est. 30955.1% * Operating R...
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GERMAN AUCTION RESULTS: New 1.70% Jun-27 Schatz
Apr-22 09:33
| 1.70% Jun-27 Schatz* | Previous | |
| ISIN | DE000BU22098 | DE000BU22080 |
| Total sold | E5bln | E4.5bln |
| Allotted | E3.814bln | E3.418bln |
| Avg yield | 1.67% | 2.01% |
| Bid-to-offer | 1.29x | 2.63x |
| Bid-to-cover | 1.69x | 3.46x |
| Avg Price | 100.064 | 100.347 |
| Low Price | 100.055 | 100.345 |
| Pre-auction mid | 100.342 | |
| Previous date | 01-Apr-25 |
MNI EXCLUSIVE: MNI Discusses Outlook For China's Crude Oil Consumption
Apr-22 09:31
- MNI discusses the outlook for China's crude oil consumption -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
FOREX: USD/JPY Cracks Y140 Support in Latest USD Leg Lower
Apr-22 09:29
- The EUR is among the poorest performing currencies early Monday as markets continue to consider the sharp FX moves seen across holiday-thinned Monday trade. EUR/USD has edged back below the $1.1500 handle, but remains well within range of the weekly - and cycle - highs of 1.1573 posted yesterday. The moves prompted spot to break some notable trendlines on top of important pivot resistance level at 1.1495.
- US equity futures are holding the bulk of the Monday losses, pointing to only a marginally higher open on Wall Street later today. As such, the JPY is firmer against all others in G10, having broken through Y140 support in Asia-Pac trade.
- EUR/GBP's squeeze higher appears to have concluded, with the cross consolidating either side of the 0.8600 level. BoE's Greene speaking this morning appeared to drop her guidance of "cautious" in her approach to interest rates, which may firm expectations for 3 x 25bps rate cuts this year.
- The next leg of the USD trade will likely be contingent on the FOMC's stance on policy in the face of Presidential calls for rate cuts. As such, much focus will likely be paid to Fedspeak this week after the US President stepped up his critique of Fed chair Powell over the extended weekend.
- This week sees over 10 separate Fed speaker events before the media blackout period kicks in at the close on Friday. Market will be carefully watching for any firm pushback against the President's messaging on interest rates, in which Trump called for a swifter return to policy easing.
