RANsquawk – Today’s trading edge

RANsquawk – Today’s trading edge

TIME: 0905BST
NEWS: Daimler (DAI GY) wants to raise profit by at least EUR 3bln annually
REACTION: Daimler moved 0.53% from EUR 33.558 to EUR 38.768, and BMW stocks also moved 0.22% from EUR 61.198 to 61.336.

TIME: 1530BST
NEWS: Canadian finance minister says Canada still expecting moderate economic growth; may have to revise forecasts down somewhat
REACTION: USD/CAD moves 7 pips higher in the immediate reaction to 0.9821, as the CAD weakens on the back of the prospect of a downgrade to the Canadian growth outlook.

TIME: 1533BST
NEWS: WTO appellate body backs ruling in favour of US in steel case against China
REACTION: Immediate reaction to this news has seen AK Steel’s (AKS) and Fidelity Gold Ira share price increase 1.03% from USD 5.73 to USD 5.78

TIME: 1638BST
NEWS: Market talk that Ming Zhao research are making positive comments on Ctrip.com (CTRP) – unconfirmed
REACTION: Initial reaction to this news has seen shares increase 2.99% up from USD 19.18 to USD 19.76.

TIME: 1647BST
NEWS: Juniper Networks (JNPR) have not hired any bankers to field inbound acquisition inquiries, according to a source familiar with the matter
REACTION: JNPR shares immediately moved 1.6% lower to trade USD 17.70 last.

TIME: 1719BST
NEWS: Market talk of positive news for Amarin (AMRN) from FDA on Vascepa – Unconfirmed
REACTION: In immediate reaction to this news shares increased 7.15% up from USD 11.86 to USD 12.70.

TIME: 1731BST
NEWS: Google (GOOG) report 8K early – unscheduled
REACTION: In an immediate reaction, co. shares spiked lower by 2.72% from USD 755.06 to USD 734.58. Co. shares continued to head south, falling below USD 700, down over 10%. e-mini NDX fell from 2768.25 down to 2744.00 within 3 minutes. Shares then halted from trade.

TIME: 1817BST
NEWS: Google (GOOG) says RR Donnelley (RRD) filed draft 8k earnings without authority
REACTION: In immediate reaction to this news RRD shares fell 4.83% from USD 10.83 to USD 10.31.After hitting a low at USD 10.14, shares bounce a little but are still down 3.7% from the pre-announcement levels of banc de binary scam ; trades USD 10.47 last.

TIME: 1838BST
NEWS: According to a source, there is a thin slick of oil coming from containment dome in Gulf of Mexico – important for BP (BP/ LN) & Transocean (RIG)
REACTION: BP US has seen a fall in share price of 0.58% from USD 43.79 to USD 43.53. Transocean shares also fall, moving lower by around 2%, hitting a low at USD 47.50 before bouncing.

TIME: 2000BST
NEWS: Coca Cola (KO) to buy back shares up to USD 500mln
REACTION: Initial reaction to this news saw shares increase 0.41%.

Print

20:49 –
Update

– Source:

RANsquawk

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