EU AUTOMOTIVE: Renault: 1H25 Call

Jul-16 08:45

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(RENAUL; Ba1pos/BB+pos/NR) {RNO FP Equity} * Guidance does not assume a recovery in the retail mark...

Historical bullets

EURIBOR OPTIONS: Longer Dated Call Condor vs Put

Jun-16 08:42

ERH6 98.06/98.18/98.50/98.62c condor vs 97.87p, bought the condor for half in 4k.

FOREX: FX OPTION EXPIRY

Jun-16 08:24

Of note:

EURUSD 4.3bn at 1.1540/1.1600.

USDJPY 4.85bn at 145.00 (a little far).

USDCAD 1.35bn at 1.3600 (wed).

EURUSD 1.88bn at 1.1600 (thu).

  • EURUSD: 1.1500 (1.95bn), 1.1540 (407mln), 1.1550 (435mln), 1.1565 (856mln), 1.1580 (741mln), 1.1600 (1.79bn), 1.1650 (721mln), 1.1700 (4.57bn).
  • USDJPY: 145.00 (4.85bn).
  • AUDUSD: 0.6455 (476mln), 0.6505 (302mln).

BONDS: Off Lows On Cross-Market Cues, Curves Steeper

Jun-16 08:18

The weakness in core global FI markets stalls a little in recent trade, seemingly driven by cross-market inputs, with crude oil futures ticking to fresh session lows and Friday’s high in Euro Stoxx 50 futures holding.

  • Core global FI curves still bear steepen on the day.
  • No readthrough from comments from ECB’s Nagel & de Guindos.
  • ECB pricing remains biased towards 1 further 25bp cut in the current cycle, while BoE pricing shows ~45bp of easing through year-end.