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  • Editor’s Picks / 1 hour ago

    Fed gives emerging markets due warning

    The Telegraph
    The New York Federal Reserve chief Bill Dudley has given emerging markets due warning that "the normalisation of US monetary policy could create significant challenges" for those in deep dollar debt and that the Fed understands it has "a sense of special responsibility...given the dollar's role as the international reserve currency." Dudley's intervention seems to be in response to IMF fears last week of the impact on emerging markets when the Fed raises rates, writes Ambrose Evans-Pritchard, but with Dudley anticipating interest rates at 3.5% once inflation has returned to 2%, it is a clear warning to markets to take steps to get their houses in order to help cut that $9 trillion dollar debt mountain as, when push comes to shove, the Fed will act in the US interest.
    Read article on The Telegraph
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  • Trade view / 3 hours ago
    Strategic trade

    #SaxoStrats: Buying puts in NZDUSD

    Head of FX Strategy / Saxo Bank
    The kiwi’s upside potential from here is limited and the currency is priced for perfection. Over the next few months, we will look for mean reversion back lower as the least hiccup could derail the currency’s strength.
    Read the Trade View
  • Editor’s Picks / 6 hours ago

    Despite the hype, few M&A deals add value

    The Sydney Morning Herald
    Despite the perceived benefits of mergers and acquisitions, the authors of a 2011 Harvard Business Review paper found that "study after study puts the failure rate of mergers and acquisitions at somewhere between 70% and 90%". But not all acquisitions destroy value. Public companies tend to be more successful if they acquire private ones. And size matters: acquisitions tend to be more successful when the target is less than half the size of the acquirer. Finally, acquisitions should be avoided during sharemarket booms, when credit is easy, when an industry is structurally challenged and when business cultures are poorly aligned.
    Read article on The Sydney Morning Herald
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  • Editor’s Picks / 8 hours ago

    Indonesians upbeat about growth, ASEAN integration

    The Jakarta Globe
    Indonesians have good reason to be upbeat about their future. Despite volatile commodity and financial markets, the nation’s GDP has been growing at 5% to 6% for a decade. The number of well-off Indonesian households should reach 140 million in the next decade. Indonesia has the advantage of being the top economy in one of the world’s most dynamic regions – Southeast Asia. Combined, the ten ASEAN economies more than tripled in size between 2003 and 2013. And this vast market of 600 million people is steadily integrating, to achieve the Asean Economic Community 2015 goals of free flows of goods, capital and labour.
    Read article on The Jakarta Globe
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  • Squawk / Yesterday at 18:57 GMT
    Head of Macro Strategy / Saxo Bank
    Hasbro leads the way as the most active stock in the S&P 500:

    Hasbro, the manufacturer of games and toys, released its Q1 report earlier today, and the stock is the most active as a result, up nearly 12%.

    The Q1 shows a much better than expected result of $0.21/share vs. $0.07 expected - and this despite a FX-related hit to business of around $63 million. Sales totaled $713.5 million vs. $662 expected. Hasbro cites a larger contribution from the high-margin 'Entertainment and Licensing revenues' category as one factor among several, which helped mitigate the impact from FX.

    Royal Caribbean Cruises and CSX and also highly active today. The former reported earnings below The Street's consensus expectation and is trading down more than 7% so far for the day.

    CSX is up 5% for the day following a gain of 2.7% on Friday. The stock is trading at a 1-month high, but remains down 3.2% for the year.
    Read the Squawk
    Mads Koefoed Mads Koefoed
    IBM reports Q1'15 earnings at 20:30 GMT today. Consensus looks for (diluted) EPS of $2.81 compared with $5.99 in Q4'14 and $2.94 a year ago in Q1'14....