EU REAL ESTATE: Segro (SGROLN): Prologis (PLD) Letter to Segro Shareholders
Prologis is arguing that: * PLD has a large and established Data Centre proposition. 5.8GW with 10+G...
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SONIA OPTIONS: Adding to the Call Fly
- SFIZ6 96.10/96.15/96.20c fly, bought for 0.25 in 3k.
This was also bought Yesterday in ~14k.
NORWAY: Core Goods Pipeline Pressures Remained Firm In May, CPI Tomorrow
May PPI data suggests core goods pipeline pressures remain firm. May CPI is due tomorrow, and will be an important input into the June MPR rate path.
- PPI excluding energy inflation was 5.6% Y/Y (vs 4.5% prior), though 3m/3m NSA price growth did ease for a second consecutive month to 2.1% (vs 3.8% prior).
- Consumer goods PPI was 5.0% Y/Y in May, up from 4.6% in April but below the 5.1% seen in March.
- The separate price index for domestic products saw a more notable acceleration to 6.2% Y/Y (vs 5.3% prior), with both domestic and imported goods rising.
EQUITY TECHS: E-MINI S&P: (M6) Pullback Considered Corrective
- RES 4: 7652.24 3.618 proj of the Apr 23 - 28 - 29 price swing
- RES 3: 7632.25 High Jun 1
- RES 2: 7591.00 Hugh Jun 5
- RES 1: 7467.60 20-day EMA
- PRICE: 7446.50 @ 14:49 BST Jun 8
- SUP 1: 7355.50 Low Jun 8
- SUP 2: 7285.93 50-day EMA
- SUP 3: 7200.00 Round number support
- SUP 4: 7131.25 Low Apr 29
The trend in S&P E-Minis is bullish and short-term pullback’s appear corrective. Friday’s move down resulted in the break of an important short-term support at 7467.60, the 20-day EMA. The clear breach of this average suggests scope for a deeper short-term retracement towards 7285.93, the 50-day EMA. Note that the 50-day EMA is considered a key support. Key resistance and the bull trigger is 7632.25, the Jun 1 high.
