Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Markets Eye Whether BOE Will Extend Its Asset Purchase Program

By Trade The NewsStock MarketsMay 10, 2012 07:27AM ET
www.investing.com/analysis/markets-eye-whether-boe-will-extend-its-asset-purchase-program-122786
Markets Eye Whether BOE Will Extend Its Asset Purchase Program
By Trade The News   |  May 10, 2012 07:27AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Greece Continues To Struggle To Form New Government

Economic Data

(RU) Russia Central Bank (CBR) left Refinancing Rate unchanged at 8.00%, as expected.

(ID) Indonesia Central Bank left Reference Rate unchanged at 5.75%, as expected.

(FI) Finland Mar Industrial Production M/M: -1.5% v -0.2%e; Y/Y: -5.7% v -2.2%e.

(FR) Bank of France Apr Business Sentiment: 95 v 95e.

(FR) France Mar Industrial Production M/M: -0.9% v -0.6%e; Y/Y: -0.9% v -1.3%e.

(FR) France Mar Manufacturing Production M/M:+1.4% v -0.2%e; Y/Y: -0.3% v -2.8%e.

(FR) France Mar Central Govt. Balance: -€29.4B v -€24.2B prior.

(ES) Spain Mar House transactions Y/Y: -22.7% v -31.8% prior.

(CZ) Czech Apr CPI M/M: 0.0% v 0.1%e; Y/Y: 3.5% v 3.6%e.

(CZ) Czech Mar Industrial Output Y/Y: -0.7% v +1.5%e; Construction Output Y/Y: No est v -16.0% prior.

(CZ) Czech Apr Unemployment Rate: 8.4% v 8.5%e.

(DK) Denmark Apr CPI M/M: 0.0% v 0.3%e; Y/Y: 2.3% v 2.6%e.

(DK) Denmark Apr CPI EU Harmonized M/M: 0.0% v 0.3%e; Y/Y: 2.3% v 2.6%e.

(NL) Netherlands Apr CPI M/M: 0.4% v 1.1% prior; Y/Y:2.4% v 2.3%e.

(NL) Netherlands Apr CPI EU Harmonized M/M: 0.5% v 1.4% prior; Y/Y: 2.8% v 2.7%e.

(NL) Netherlands Mar Industrial Production M/M: 1.6% v 0.1%e; Y/Y: +0.7% v -2.7 % prior; Industrial Sales Y/Y: 0.8 v 1.3% prior.

(SE) Sweden Mar Industrial Production M/M: 0.4% v 3.0%e; Y/Y: -6.5% v -2.6%e.

(SE) Sweden Mar Industrial Orders M/M: +2.0% v -5.5% prior; Y/Y: -6.4% v -8.3% prior.

(SE) Sweden Apr CPI Headline Rate M/M: 0.2% v 0.3%e; Y/Y: 1.3% v 1.4%e; CPI level: 315.49 v 315.7e.

(SE) Sweden Apr CPI Underlying (CPIF) M/M: 0.3% v 0.3%e; Y/Y: 1.0% v 1.0%e.

(NO) Norway Apr CPI M/M:0.1% v +0.3%e; Y/Y: 0.3% v 0.5%e.

(NO) Norway Apr CPI Underlying M/M: 0.1% v 0.3%e; Y/Y: 0.7% v 1.0%e.

(NO) Norway Apr Producer Prices incl.Oil M/M: -1.6% v 1.5% prior; Y/Y: 2.5% v 6.6% prior.

(IT) Italy Mar Industrial Production SA M/M: 0.5% v 0.1%e; Y/Y: -5.9% v -3.3% prior; Industrial Production WDAY/Y: -5.8% v -6.2%e.

(UK) Mar Industrial Production M/M: -0.3% v -0.3%e; Y/Y:-2.6% v -2.6%e.

(UK) Mar Manufacturing Production M/M: 0.9% v 0.5%e; Y/Y: -0.9% v -1.3%e.

(GR) Greece Mar Industrial Production Y/Y: -8.5% v -8.3% prior.

(GR) Greece Feb Unemployment Rate: 21.7% v 21.3% prior.

(ZA) South Africa Mar Gold Production Y/Y: -11.6% v -11.5% prior; Mining Production Y/Y: -9.8% v -14.5% prior.

Fixed Income:

(HU) Hungary Debt Agency (AKK) sold HUF50B in 12-Month Bills; avg yield 7.38% v 7.37% prior; Bid-to-cover:2.12 x v 2.06x prior.

(HU) Hungary Debt Agency (AKK) sold HUF 7.5B in 2015 floating rate bonds at 95.09; bid-to-cover: 2.55x v 2.05x previous.

Notes/Observations

Australia April employment data exceeds expectation with unemployment rate at 12-month low.

China April trade surplus almost 2x higher than expected with imports and exports both weaker.

BoE expected to refrain from any new QE program for the time being.

South Korea Central Bank leaves interest rates unchanged (as expected).

Greece Pasok Party Now Has Mandate To Form A New Government; New Elections Remain The Likely Scenario

Equities

FTSE 100 -0.50% at 5503, DAX -0.10% at 6471, CAC-40 -1% at 3088, IBEX-35 +1%, FTSE MIB -0.20%, SMI -0.60% at 5902

After the opening the session higher, European equity markets have pared gains. Spain's IBEX-35, which was the worst performer on yesterday's session, has outperformed, while the CAC-40 in France has underperformed. European banks are mostly higher as of the time of writing, following the sharp losses seen on the prior session. Various European banks have reported better than expected results for the session, including Danske Bank [DANSKE.DK] and KBC [KBC.BE]. Upcoming events risks for later today include the BoE's policy meeting and earnings out of large Italian bank Unicredit [UCG.IT]

In UK individual movers, shares of builder Barratt Developments [BDEV.UK] and retailer SuperGroup are trading higher, as both companies issued their financial reports. Experian [EXPN.UK] is lower by approx. 3.5%, after reporting weaker than expected FY sales. BT [BT.UK] is lower by over 1%, after reporting its FY results. Reckitt Benckiser [RB.UK] is lower by approx. 4%, as the company's largest shareholder placed a stake in the firm.

Deutsche Telekom [DTE.DE] has traded higher by over 2%, after reporting better than expected Q1 adj EBITDA and revenues. Additionally, Solar World [SWV.DE] has gained over 8%, following the release of its Q1 figures. Shares of RWE [RWE.DE] and Prosieben [PSM.DE] are both trading lower following their respective Q1 earnings reports. Belgium listed bank KBC [KBC.BE] has gained over 8%, as the company's Q1 underlying profits beat analyst expectations.

In France, shares of JC Decaux [DEC.FR] are lower by over 7%, following the company's Q1 sales report, while Natixis [KN.FR] is showing slight declines after issuing its Q1 figures. In the technology space, Cap Gemini [CAP.FR] is trading higher by over 0.50%, as the company reported better than expected Q1 sales.

Telecom Italia Media [TME.IT] is higher by over 12% following the release of its Q1 sales report. Spanish names Repsol [REP.ES] and Iberdrola [IBE.ES] are both trading higher after issuing their Q1 financial results. Large steelmaker, ArcelorMittal [MT.NL] has traded higher by more than 2.5%, as the company reported a higher than expected Q1 EBITDA figure. Dutch banking name Aegon [AGN.NL] is gaining over 6% on its Q1 earnings release.

In Denmark, shipping name Torm [TORM.DK[ has lost over 30%on the session, as the company reported an unexpected EBITDA loss in Q1. Torm also said that its debt deal talks were "proceeding as planned" and that it could not provide a forecast until it reached a financing agreement. Danske Bank [DANSKE.DK] has gained over 4%, after reporting better than expected Q1 results.
Markets Eye Whether BOE Will Extend Its Asset Purchase Program
 

Related Articles

Markets Eye Whether BOE Will Extend Its Asset Purchase Program

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: All information provided by Trade The News, referred to as TTN or WE hereafter, is for informational purposes only. TTN does not provide investment advice nor is anything on our site a recommendation to Buy or Sell securities from TTN. Our community, which is a real-time interactive mesh of all many mediums of communications spans over 100 countries and always taken from sources deemed reliable. No guarantees or assurances can be made to the accuracy of any information provided.
Continue with Google
or
Sign up with Email