EM CEEMEA CREDIT: ICL Group: Q325 Results – Headlines look weaker
Nov-12 11:07
(ICLIT: NR/BBB-/BBB-)
“*ICL GROUP 3Q REV. $1.85B, EST. $1.92B
*ICL GROUP 3Q NET INCOME $115M, EST. $122.5M
*ICL GROUP 3Q DILUTED EPS 9C, EST. 10C (
*ICL GROUP 3Q ADJ. DILUTED EPS 10C, EST. 10C
*ICL TO DISCONTINUE LFP CATHODE ACTIVE MATERIAL ACTIVITIES
*ICL SEES 4Q $40M ASSETS WRITE-OFF ON LFP CATHODE ACTIVITY END“ - BBG
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Historical bullets
EURIBOR OPTIONS: Call calendar spread
Oct-13 11:05
ERH6 98.25c sold at 2.5 in 8k vs 2RH6 97.93c bought for 9.5 in 8k.
EQUITY OPTIONS: Large Aston Martin Option
Oct-13 10:52
More large downside Option in Aston Martin.
- AML (19th June) 46p, bought for 3 in ~21.7k
Last Week saw:
- ALM (19th Dec) 68/58ps, bought for 4.5 in 100k.
US TSYS: Cash Closed For Columbus Day, On Headline Watch
Oct-13 10:51
- Treasury futures have modestly pulled back off highs seen at Friday’s close after President Trump threatened new 100% tariffs on China and the imposition of its own export controls on “any and all critical software” on Nov 1 following China’s earlier export curbs on its rare earth metals.
- The threats were subsequently somewhat downplayed over the weekend, prompting this paring of moves, but Treasuries remain firmer on net.
- Cash markets are closed today for the Columbus Day holiday but with a full session for Globex.
- The holiday likely limits volumes later on and Trump flies back from the Middle East. Focus will be on any further US-China headlines plus a mention for Philly Fed’s Paulson, albeit overshadowed by Powell’s NABE appearance tomorrow.
- TYZ5 trades at 113-01+ (-03) on cumulative volumes of 265k, higher than some recent overnight sessions but still on the low side.
- Friday saw a high of 113-09, opening 113-12 (Sep 18 high) after which lies the bull trigger at 113-29 (Sep 11 high). Support meanwhile is seen at 112-14 (50-day EMA).
- Data: None scheduled
- Fedspeak: Paulson (1255ET) – see STIR bullet
- No issuance
- Politics: Trump in Middle East Peace Ceremony, Egypt (0730ET), Trump departs Egypt en route to The White House (1000ET with travel pool).
