IRELAND: /RATINGS: Commerzbank Flag Risk Of Moody’s Moving Ireland To Neutral
Ahead of Moody’s potential review of Ireland (current rating Aa3; Outlook Positive) after hours Commerzbank note that “the risk is that the outlook will be lowered back to stable. This is the first rating review of Ireland after the 15% EU/U.S. tariff agreement. In a rating report from last year, weakening growth potential on the back of e.g. reduced investments in "pharmaceuticals, ICT services and manufacturing" were specifically mentioned to potentially lead to an adjustment to the rating outlook”.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
OAT: Futures Blocked
OATU5 3.56K lots blocked at 122.47, would suggest was buyer initiated based on price action. DV01 ~EUR350K.
EQUITIES: Futures Extend Tuesday Weakness
S&P E-Minis are trading in a range, closer to their recent highs. The trend condition remains bullish. Recent activity has resulted in a break of resistance at 6128.75, the Jun 11 high. The breach confirmed a resumption of the uptrend. A bull cycle in Eurostoxx 50 futures remains in play and the latest pullback still appears corrective. Recent gains have exposed key resistance and the bull trigger at 5486.00, the May 20 high.
- Japan's NIKKEI closed lower by 14.62 pts or -0.04% at 39663.4 and the TOPIX ended 5.91 pts lower or -0.21% at 2819.4.
- Elsewhere, in China the SHANGHAI closed lower by 1.222 pts or -0.03% at 3503.777 and the HANG SENG ended 61.07 pts lower or -0.25% at 24529.05.
- Across Europe, Germany's DAX trades higher by 15.18 pts or +0.06% at 24074.72, FTSE 100 higher by 11.26 pts or +0.13% at 8949.56, CAC 40 down 10.57 pts or -0.14% at 7755.19 and Euro Stoxx 50 down 19.75 pts or -0.37% at 5334.6.
- Dow Jones mini down 39 pts or -0.09% at 44208, S&P 500 mini down 8.75 pts or -0.14% at 6275.25, NASDAQ mini down 65 pts or -0.28% at 22991.
SONIA OPTIONS: SFIZ5 96.30/96.15/96.00 Put Fly Sold
SFIZ5 96.30/96.15/96.00 put fly 3K sold at 2
