EU AUTOMOTIVE: Nissan (NSANY Ba1[N]/BB[N]/BB[N]): Headline
May-15 08:56
"*NISSAN NEEDS SELF-HELP FOR NOW RATHER THAN RELY ON ANYBODY: CEO" – BBG
- FY results this week were very weak, and we see hopes of renewed talks with Honda under the new CEO helping to hold up bonds. “For now” could be an important qualifier.
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GILTS: Impending Supply Helps Limit Rally
Apr-15 08:53
Presence of the impending 10-Year auction and round number resistance at 92.00 halt the rally in gilts for now. Note that 10-Year yields haven’t managed to break back below the April 10 low (4.616%).
EQUITIES: European Autos Outperform, While Luxury Names Falter
Apr-15 08:50
European equity benchmarks rally, with the potential for U.S. tariff reprieve for the auto sector driving outperformance in related names.
- This comfortably outweighs the weakness seen in luxury goods names following LVMH’s disappointing quarterly earnings release.
- The cash Euro Stoxx 50 is +0.8% on the day.
- Meanwhile, Euro Stoxx 50 futures trade through yesterday’s highs and 4,900.00. Next resistance of note located at the April 9 high (5,001.00), which protects both the 20 & 50-day EMAs.
- Our technical analyst believes that the latest bounce highlights the start of a corrective cycle, which could unwind the recent oversold trend condition.
EQUITIES: EU Bank Synth option, trades for a lot more
Apr-15 08:48
SX7E (17th Apr) 170, bought the call for 4.4 in another 18k, that's 50k total (100% del).
