- Trade views
- Must reads
Saxo TV / 47 minutes agoAlthough overseas earnings for US luxury goods retailer Tiffany & Co will be hit by a stronger USD, Serge Berger believes with 50% of sales in the US the firm could perform better than many analysts predict.
Calendar event / 53 minutes ago
US ADP National Employment ReportpreviousforecastactualMed Private Payrolls Forecast+212000+225000+189000
Article / 1 hour ago
Is the Bang & Olufsen/Harman deal only the start?Bang & Olufsen plans to sell its car Hi-Fi business to US-based Harman. This might be the kick-off for further divestments.Read the article
Calendar event / 2 hours ago
US MBA Weekly Mortgage Applications SurveypreviousforecastactualLow Market Composite Index437.1457Low Market Composite Index Cur Chg+9.5%+4.6%Low Purchase Index (S.A.)178.7188.9Low Purchase Index (S.A.) Cur Chg+4.9%+5.7%Low Refinance Index1932.52008.7Low Refinance Index Cur Chg+12.3%+3.9%
Squawk / 2 hours agoAs we approach an illiquid holiday period and NFP and review prior year data in bullish trend years we have;
(Real trading hours data)
Thursday Bullish 53.3% occurrences whereby mkt closes above opening bell prices.
Friday Bullish 60.7% occurrences whereby mkt closes above opening bell prices.
1960-todate data utilised but 1975 todate used for measure and correlation between the two samples at 0.98 however 1995 todate gives 53.1% and 59.1% outcomes.
This isn't a trading recommendation as the data produces a confidence factor akin to tossing a coin probability which could produce much the same results....all it does show is a slight skew to bullishness.
Article / 3 hours ago
Why Russia doesn't want a GrexitFor all the talk about Russia bailing out Greece (or at least providing some assistance), Greek politicians surely understand that they are much more valuable for Russia within rather than outside the European Union.Read the article
Calendar event / 4 hours ago
DK Danish PMIpreviousforecastactualLow PMI S.Adj.56.958.4
Article / 4 hours ago
From the Floor: The Greek joker in the packThe Greek shadow still looms over markets as the April 9 payment deadline for Greece to repay a EUR450mn loan installment to the International Monetary Fund approaches.Read the article
Calendar event / 4 hours ago
GB CIPS / Markit Manufacturing PMIpreviousforecastactualHigh Manufacturing Output5454.354.4
Squawk / 4 hours agoGlobal PMI day sees China, euro area surprise to the upside:
A string of economies report March PMI manufacturing figures today led by China. The world's second-largest economy recorded a 50.1 reading last month vs. 49.7 expected and 49.9 prior. Also the unofficial HSBC China PMI manufacturing index was stronger than expected at 49.6 vs. 49.3 expected and 49.2 prior. Meanwhile Japan saw an unchanged if quite small increase in manufacturing output (50.3 vs. 50.4 prior).
Turning to Europe, the euro area (EZ) PMI manuf. index was revised up in the final report to 52.2 vs. 51.9 exp and 51.9 originally (51 in Feb). This is the strongest reading for the EZ since May 2014. Both France and Germany's indices were revised higher in the final report. Italy, Sweden and Switzerland all surprised positively while Spain and Ireland remain robust.
I expect EZ growth of at least 1.5%. Consensus sees 1.3%. See our Essential Trades for more: https://www.tradingfloor.com/publications/essential-trades