FED: US TSY 8W AUCTION: NON-COMP BIDS $1.494 BLN FROM $95.000 BLN TOTAL
Feb-05 16:15
* US TSY 8W AUCTION: NON-COMP BIDS $1.494 BLN FROM $95.000 BLN TOTAL...
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US STOCKS: Early Equities Roundup: Bid But Paring Gains, Energy Trims Mon Gains
Jan-06 16:12
- Stocks remain bid Tuesday, but are paring gains at midmorning - just as Treasury yields followed USD higher in the first half. No particular headline driver - though Bloomberg reported the Supreme Court announced this Friday as their "opinion day" over ruling on Pres Trump's global tariffs.
- Currently, the DJIA trades up 157.58 points (0.32%) at 49,132.83 vs. 49,194.31 high (just shy of Monday's record high of 49,209.95), S&P E-Mini Futured up 8.5 points (0.12%) at 6952, Nasdaq up 0.2 points (0%) at 23395.84.
- Technology and Health Care sector shares led advances in the first half, AI-related valuation concerns in abeyance for the moment as chip makers surged: Sandisk Corp+22.60%, Western Digital +12.03%, Seagate Technology +9.43%, Microchip Technology +9.17%, Texas Instruments +7.25%, Micron Technology +6.03% and NXP Semiconductors +5.83%.
- Pharmaceutical makers buoyed the Health Care sector: Moderna +10.51%, Vertex Pharmaceuticals +4.39%, Biogen +4.07%, Intuitive Surgical +3.49% and Bio-Techne +3.41%.
- Energy and Communication Services sectors led declines in the first half, oil and gas shares trimming prior session gains tied to the US abduction of Venezuela's Maduro over the weekend: Halliburton -3.48%, Chevron Corp -2.72%, Kinder Morgan -2.22% and Phillips 66 -2.18%.
- Meanwhile, Paramount Skydance -3.08%, AT&T -2.49%, Comcast -1.33%, Netflix -1.22% and Take-Two Interactive Software -1.09% weighed on the Communication Services sector.
EUROPEAN INFLATION: HICP Tracking Around 0.1pp Below Consensus For Dec Flash
Jan-06 16:09
- Our tracking estimate for Eurozone HICP sees risks skewed to the downside to the 2.0%Y/Y consensus (our unrounded tracking is currently at 1.93%), with Germany's surprisingly soft 2.0% Y/Y today vs consensus 2.2% playing a sizeable role.
- This is based on just around 2/3 of the country reports with flash HICP having come from Germany, France, Spain, Belgium, Portugal, Ireland and Slovenia so far.
- Tomorrow we are due to receive Dutch and Austrian HICP ahead of the pan-Eurozone print, with Italian figures to be released alongside the bloc-wide reading.
- A more material downside would be needed over the coming months to put any ECB cut discussions back on the table again.
OPTIONS: Expiries for Jan07 NY cut 1000ET (Source DTCC)
Jan-06 16:02
- EUR/USD: $1.1725(E685mln), $1.1775(E1.4bln)
- USD/JPY: Y156.00($677mln), Y157.00($903mln)
- NZD/USD: $0.5650(N$1.1bln)
- USD/CAD: C$1.3800($1.3bln), C$1.3835($852mln)
