Archives

DAILY ECONOMIC RELEASES: NOW AVAILABLE IN RESEARCH SECTION – Highlights include: Bank of England Minutes, Bank of Canada Rate Decision and Monetary Policy Report, US CPI and Cleveland Fed CPI, DoE Crude Oil Inventories

Daily Economic Releases is a comprehensive one stop-shop for key economic data, central bank speakers, government bond auctions, expiries and holidays for the G7 and beyond. If you would like to upgrade your account to receive access to this report please contact us at admin@ransquawk.com.

(RANsquawk)

API Crude Oil Inventories (Oct 17) W/W 1200k vs. Prev. 10200k

- Refinery capacity utilisation flat at 88.7%.

– API Cushing Crude Oil Inventories (Oct 17) W/W 988k vs. Prev. 73k

– API Gasoline Inventories (Oct 17) W/W -532k vs. Prev. -3100k

– API Distillate Inventories (Oct 17) W/W -822k vs. Prev. -156k

(RTRS)

RANsquawk – Today’s Trading Edge

TIME: 1955BST/1455EDT
NEWS: Vertex Pharmaceuticals’ (VRTX) CF drug works for R117H mutation, FDA panel says
REACTION: In immediate reaction VRTX shares rose 1.6% in a move from USD 109.12 to USD 110.91

TIME: 1934BST/1434EDT
NEWS: Positive for MicroVision (MVIS), the co. and HP are to unveil new product that combines a projector and a 3-D scanner, according to a tech site
REACTION: In an immediate reaction MVIS shares gained 8.3% in a move higher from USD 1.81 to USD 1.96

TIME: 
NEWS: Third Point takes stake in Alibaba (BABA) and eBay (EBAY), according to a letter
REACTION: In an immediate reaction EBAY shares rose 0.7% in a move higher from USD 50.25 to USD 50.59, and BABA shares rose 1.8% over 20 minutes in a move higher from USD 90.86 to USD 92.52

TIME: 1850BST/1350EDT
NEWS: CP Rail’s CEO says Kansas City Southern (KSU) is ‘very expensive’ and ‘I don’t love the Mexico play’
REACTION: In an immediate reaction KSU fell 1.0% in a move from USD 118.27 to USD 117.07

TIME: 1818BST/1318EDT
NEWS: NCR Corp (NCR) holder Marcato raises stake and seeks nomination to board in 13D filing
REACTION: In an immediate reaction NCR shares rose 5.7% in a move from USD 23.84 to USD 25.20

TIME: 1754BST/1254EDT
NEWS: Nathaniel August cautious on World Wrestling Entertainment (WWE) and long Fortress Investment (FIG)
REACTION: In an immediate reaction WWE share fell 2.8% from USD 14.43 to USD 14.03 and FIG shares rose 3.2% from USD 6.68 to USD 6.89

TIME: 1730BST/1230EDT
NEWS: RANsquawk sources note NXP Semiconductor (NXPI) may have lost their deal with Samsung – Unconfirmed
REACTION: In an immediate reaction NXPI shares fell 1.1% in a move from USD 64.08 to USD 63.39

TIME: 1717BST/1217EDT
NEWS: Greenlight Capital’s Einhorn reiterates his best long idea is SunEdison Inc. (SUNE)
REACTION: In reaction SUNE shares moved higher by 3.5% over 5 minutes in a move from USD 18.52 to USD 19.17

TIME: 1707BST/1207EDT
NEWS: Greenlight Capital’s Einhorn mentions athenaealth (ATHN) as his big short
REACTION: In an immediate reaction ATHN shares fell 0.7% in a move from USD 116.86 to USD 116.09, and this move lower extended to 3.8% over 70 minutes

TIME: 1700BST/1200EDT
NEWS: Ocwen (OCN) backdated letters to mortgage borrowers according to New York Banking regulator Lawsky. The analyst was quick to highlight related mortgage names including Nationstar (NSM) and Walter Investment (WAC)
REACTION: In an immediate reaction OCN shares fell 2.4% in a move from USD 26.27 to USD 25.65. Over the following 9 minutes the move lowered extended to 9.8% before shares were halted due to a volatility trading pause. On resumption of trade shares continue to slide and fell a total of 29.3% over 45 minutes. Related names NSM and WAC fell 6.1% and 4.2% over the same 45 minute period

TIME: 1601BST/1101EDT
NEWS: RANsquawk sources note talk that Hitachi has approached 3D Systems Corp (DDD) with a USD 60/shr offer – Unconfirmed
REACTION: In an immediate reaction, 3D Systems shares rose 1.00% from USD 43.83 to USD 44.27

TIME: 1552BST/1052EDT
NEWS: Whitney Tilson said to recommend Exact Sciences (EXAS) short
REACTION: In an immediate reaction, Exact Sciences shares fell 1.66% from USD 24.00 to USD 23.60

TIME: 1550BST/1050EDT
NEWS: Whitney Tilson has tripled his Lumber Liquidators Holdings (LL) short position
REACTION: In an immediate reaction LL share fell 2.37% from USD 57.77 to USD 56.39, before then extending the move to USD 56.12, making the move a total size of 2.84%

TIME: 1544BST/1044EDT
NEWS: Whitney Tilson is long SodaStream (SODA)
REACTION: In an immediate reaction SODA shares rose 3.86% from USD 20.93 to USD 21.74

TIME: 1522BST/1022EDT
NEWS: Packaging Corp of America (PKG) say they would consider MLP once IRS lifts moratorium
REACTION: Over the following two minutes PKG shares rose 2.53% from USD 65.80 to 67.47

TIME: 1502BST/1002EDT
NEWS: Siemens (SIE GY) said to be in talks to sell their hearing aids unit for about USD 2.6bln. RANsquawk analysts were quick to point out that other firms including Permira advisers and GN Store Nord (GN DC) have also shown interest
REACTION: In an immediate reaction GN DC shares fell 1.06% from 133.51 to DKK 132.10, before then extending the move lower to DKK 131.30 over the following 21 minutes, making the move a total size of 1.56%

TIME: 1447BST/0947EDT
NEWS: Positive Seeking Alpha article on China Green Agriculture (CGA)
REACTION: In an immediate reaction, China Green Agriculture shares rose 2.14% from USD 2.33 to USD 2.38

TIME: 1258BST/0758EDT
NEWS: ECB said not to have put bond buying on the agenda, according to the FT. RANsquawk analysts were quick to point out that this followed earlier sources comments that suggested the ECB was considering buying corporate bonds, however, earlier a spokesman said the governing council has taken no such decision
REACTION: In an immediate reaction the DAX Dec’14 contract fell 43.5 points from 8838.5, the Dec’14 Bund contract rose 20 ticks from 150.41 to 150.61 and EUR/USD rose 35 pips from 1.2749 to 1.2784

TIME: 1030BST/0530EDT
NEWS: ECB considering buying corporate bonds, sources familiar with situation say. ECB working on buying corporate bonds already well under way but numerous details undecided. ECB could then begin corporate bond purchase in Q1 2015. However, an ECB spokesman says the governing council has taken no such decision. The news was delivered immediately upon release and with great conviction as the analyst squawking instantly knew the importance of the news and its impact on the market
REACTION: In an immediate reaction the DAX Dec’14 future rose 34.5 points from 8783.50 to 8818.00 and then extended the move by a further 47 points from 8818.00 to 8865.00 over the following 49 minutes, making the total size of the move 81.5 points. The Dec’14 Bund contract fell 14 ticks in an immediate reaction from 150.76 to 150.62 and then extended the move by a further 36 ticks from 150.62 to 150.26 over the following 47 minutes, making the total size of the move a fall of 50 ticks. In an immediate reaction EUR/USD fell 56 pips from 1.2816 to 1.2760

(RANsquawk)