ECB VIEW: Summary Of Analyst Views Post-ECB Decision

Jun-06 09:57
  • Yesterday’s hawkish ECB press conference from President Lagarde has seen 6 view changes across the 28 analysts reviewed below.
  • Three lifted their terminal rate calls whilst the other three tweaked the timing of the next cut.
  • The median analyst continues to eye a terminal rate of 1.75%, on balance seen coming with the September meeting.
  • ECB-dated OIS currently prices 3.5bp of cuts for July and a cumulative 16bp for Sept and 26bp for year-end. 
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Historical bullets

EURIBOR OPTIONS: Another Call fly buyer

May-07 09:56

ERH6 98.87/99.37/99.87c fly, Bought for 3 in 4k.

EURIBOR OPTIONS: Latest Upside structures

May-07 09:53
  • ERU5 97.9375/98.0625/98.1875c fly, bought for 2 in 5.5k.
  • ERH6 99.375/99.875cs, bought for 2 in 6k.

EQUITIES: Estoxx futures is closing the small Opening gap

May-07 09:44
  • The Estoxx futures is slowly closing the Opening gap, not a Tech level, and the is fairly gradual.
  • In Cash, Stoxx600 is down 0.42%, with Retail (-1.71%), Healthcare (-1.07%), Realestate (-0.84) the worst performing Sectors.
  • Basic resources, Media are the leading sectors, up 0.48% and 0.44% respectively.
  • Initial support in VGM5 will be at 5178.00, Yesterday's low.