EM CEEMEA CREDIT: MOLHB: Could buy stake in NIS
Mar-28 08:52
MOL Group (MOLHB; Baa3pos/BBB-/BBB-)
MOL could buy stake in NIS – FT
• Early days but could be positive for MOL depending on the structure and valuation of the purchase. FT reporting MOL could potentially acquire Gazprom and its subsidiary Gazrpom Neft’s stake (total 50%) in Serbia’s only oil refinery NIS. US sanctions on NIS via its Russian ownership come into effect today. Other interested parties include Croatian operator JANAF.
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BONDS: EUREX ROLL VIEWS
Feb-26 08:52
As noted June contracts are front for Treasuries and the Gilt, expect for these to be fully done by end of day.
Next Bonds to roll will be EUREX, should be kicking off at the end of the Week, expiry is 6th March.
MS:
- Buxl: Bullish.
- Bund: Bullish.
- Bobl: Bullish.
- Schatz: Mildly Bullish.
- OAT: Mildly Bullish.
- BTP: Bearish.
JPM:
- Buxl: Bullish.
- Bund: Bullish.
- Bobl: Bullish.
- Schatz: Bullish.
- OAT: Bearish.
- BTP: Bearish.
Soc Gen:
- Buxl: Bullish.
- Bund: Mildly Bullish.
- Bobl: Mildly Bullish.
- Schatz: Mildly Bearish.
- OAT: Mildly Bullish.
- BTP: Mildly Bullish.
OPTIONS: Expiries for Feb26 NY cut 1000ET (Source DTCC)
Feb-26 08:42
- EUR/USD: $1.0400(E1.1bln), $1.0420-35(E2.6bln), $1.0440-50(E2.8bln), $1.0460-75(E1.6bln), $1.0495-00(E1.6bln), $1.0510-30(E5.0bln), $1.0550(E1.4bln)
- USD/JPY: Y149.00($956mln), Y150.00($833mln), Y150.20-25($780mln), Y151.00($1.4bln), Y151.95($1.0bln)
- EUR/JPY: Y155.00(E927mln)
- GBP/USD: $1.2675(Gbp619mln)
- AUD/USD: $0.6400(A$817mln)
- USD/CAD: C$1.3500($1.2bln), C$1.4300($784mln), C$1.4390-00($1.4bln)
- USD/CNY: Cny7.3500($1.2bln)
CROSS ASSET: A $3.3k bounce in Bitcoin
Feb-26 08:31
- Bitcoin has managed to bounce back above that 50% retracement noted Yesterday at $88,027.59, this is the retracement post the US Election rally.
- Bitcoin lost a whopping ~10.55k in just the last two sessions, and after bouncing some ~3.3k from Yesterday's low, it is drifting back down to that $88,027.59 level.
- Next supports are still seen at 85,133.12, followed by 83,021.19, 61.8% retracement of the US Election Rally.
(Chart source: MNI/Bloomberg).
