TradeTheNews.com rynek UE aktualizacja: Sektor bankowy Hiszpanii powiedział do wywoływania na rynku regulatora w odnowionej zakaz sprzedaży short

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Share This Story: | | Email Friday, May 18, 2012 5:47:18 AM

 TradeTheNews.com EU Market Update: Spain's banking sector said to be calling on market regulator for renewed ban on short-selling

***Economic Data***
- (EU) ECB: €809M borrowed in overnight loan facility €839M prior; €762.4B parked in deposit facility v €785.1B prior
- (JP) Japan Apr Nationwide Dept. Sales Y/Y: 1.3% v 14.1% prior; Tokyo Dept. Store Sales Y/Y: 6.7% v 26.7% prior
- (IN) India Apr CPI Y/Y: 10.4% v 9.4% prior
- (DE) Germany Apr Producer Prices M/M: 0.2% v 0.3%e; Y/Y: 2.4% v 2.5%e
- (HU) Hungary Mar Avg Gross Wages Y/Y: 2.7% v 6.5%e v 6.9% prior
- (RU) Russia Narrow Money Supply w/e May 14th (RUB): 6.93T v 6.88T prior
- (ES) Spain Central Bank (BOS): Mar Bad Loan Ratio at 8.37% v 8.16% prior; - Lending -3.1% y/ym, Deposits -4.2% y/y
- (IT) Italy Mar Industrial Orders M/M: 3.5% v 1.0%e; Y/Y: -14.3% v -13.2% prior
- (IT) Italy Mar Industrial Sales M/M: 0.0% v 2.3% prior; Y/Y: -3.1% v -1.5% prior
- (PL) Central/Eastern European May ZEW Indicator: 14.6 v 5.4 prior
- (PT) Portugal Apr Producer Prices M/M: 0.6% v 0.4% prior; Y/Y: 3.6% v 3.7% prior

Fixed Income: >- (IN) India sold total INR150B vs. INR150B target in 2020, 2024, 2030 and 2041 Bonds
- (ZA) South Africa sold total ZAR800M in I/L 2017, 2022 and 2028 Bonds

*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
***Notes/Observations***
- Moody's cuts 16 Spanish banks and Santander UK (as expected)
- Moody's cut 4 Spanish Regions
- Fitch would place all Euro-zone sovereign ratings on Rating Watch Negative (RWN) following the Greek elections should the risk of a Greek exit from the EU seem probable in the near term.
- G8 Summit at Camp David; market seeks guidance
- ECB and EU said to be working on emergency scenarios for Greek euro exit
- Recent Greek Poll shows pro-bailout parties regaining a majority in Parliament
- Spain's banking sector said to be calling on market regulator for renewed ban on short-selling

***Equities*** >FTSE 100 -1.2% at 5273, DAX -0.50% at 6276, CAC-40 -0.70% at 2989, IBEX-35 -0.40% at 6513, FTSE MIB -0.50% at 13,026, SMI -0.90% at 5820

- European equity indices opened lower, but have since moved off of the worst levels for the session. Spanish banks have rebounded from the prior session's losses, as shares of Bankia [BKIA.ES] have traded higher by over 20%, amid speculation that Spain could seek to reinstate its short-selling ban related to financial shares. The government ended the prior short-selling ban in mid Feb. The gains in the Spanish banks have come despite the rise in their debt insurance costs to fresh record highs, as Moody's downgraded more than 15 Spanish banks. Amid the concerns about the Spanish banking sector, data from the Bank of Spain showed that the March bad loan ratio rose to highs not seen since at least the mid 1990s. In terms of upcoming event risks for equity markets, shares of Facebook are due to begin trading publicly later today (approximate opening time is 11:00 AM ET). Also, a G8 summit is due to be held over the weekend.
- Shares of the London Stock Exchange [LSE.UK] have risen by over 3%, following the release of its FY earnings report. Small cap silicon wafer producer PV Crystalox [PVCS.UK] has gained over 100%. The company announced a settlement agreement related to the termination of a long-term wafer supply contract, which will result in a €90M payment for the company. Pub manager, Mitchells & Butlers [MAB.UK] has declined by approx. 1%, after issuing its first half results.

Speakers: >- EU Trade Commissioner de Gucht commented ECB and EU Commission were working on emergency scenarios for Greek euro exit
- UK Company De La Rue [DLAR.UK] which produces banknotes for more than 150 countries was said to be preparing for potential production of drachma currency
- German Fin Min Schaeuble stated that he believed markets might calm down over Euro Zone crisis within 12-24 months . He expected France to respect European agreements and recent elections did not put into question the agreements already signed. Germany would be open to propositions on economic growth. He reiterated that Germany wanted Greece to stay within the EMU; but Greece must do what is necessary for its economy. Lastly he also reiterated that Germany was in favor of a European President
- France PM Ayrault stated that he was confident that economic growth would become a major priority in Europe
- BOE Posen stated that he might have been premature to say BOE had done enough on QE and that he never discussed keeping the powder dry on policy. There was less impact from latest round of QE than expected. Core inflation was stickier than predicted but he saw greater downside inflation risk compared to other MPC members. He saw CPI close to central forecast in recent quarterly inflation report. Lastly he was not confident UK has done enough to avoid a Japanese type economic trap
- Spain's banking sector said to be calling on market regulator for renewed ban on short-selling
- India Central Bank Dep Gov Gokarn: Current approach of FX intervention and administrative steps to continue
- Turkey Central Bank Gov Basci stated that he expected May CPI to significantly decline
- South Africa Fin Min Gordhan stated that its domestic growth was weak and uneven
- China Commerce Ministry (MOFCOM) stated that it was strongly dissatisfied with US solar ruling saying it is both unfair and protectionist (Note: US Commerce Dept said to have imposed 31.22% duties on Imports of China solar panel product)

Currencies:
- Safe-haven plays were again the dominate theme heading into Europe after Far East equity markets slumped between 1-3%. The German 2-year, 5-year, 10-year and 30-year bonds are all at record lows as was the UK 10-year Gilts. The USD Index again hit fresh 4-month highs. The sentiment improved marginally as the session wore on. Recent Greek Poll shows pro-bailout parties regaining a majority in Parliament and Spain's banking sector was said to be calling on market regulator for renewed ban on short-selling.
- The EUR/USD continued to make fresh 4-month lows but held above its Jan low of 1.2622. The pair staged a minor rebound ahead of the NY morning to retest the 1.27 level.
The USD/JPY pair was softer in the session but delers notedg of fibonacci retracement support at 79.12. The level corresponds to Feb low of 76.00 and the March high of 84.17
- Markets will now look towards the weekend G8 summit for guidance

Political/ In the Papers:
- Recent Greek polling data (conducted over three days to 17th May) suggest the pro-bailout parties regaining majority coalition. The New Democracy (ND) party was ahead of Syriza for the first time since the May 6th elections receiving just over 23%, Syriza at 21% and Pasok slightly above 13%. In terms of parliamentary seats, this would correspond to ND receiving 123 seats (Syriza at 66 seats, Pasok at 41). A coalition between ND and Pasok would now have a parliamentary majority compared to the election results which left them short by two seats.
- Some major banks have told clients that there could be a strong rally in risky assets if Greece is forced out of the euro zone according to the Telegraph's Ambrose Evans-Pritchard. Analysts believe that if Greece left the Euro, global authorities would support markets by providing large amounts of liquidity. Bank of America believes that there could be a "powerful short squeeze" in risk assets. The firm also believes that in such a situation, the Euro would rise to $1.40 against the USD after falling to $1.20, believing that initial panic selling could drive the Euro down to $1.20, before rebounding.
- The British Treasury is seeking to invest £20B on infrastructure projects. The plan is seen as an attempt by the government to stimulate the economy. It is believed that the Treasury is examining a plan to use state guarantees to ease credit for housing and infrastructure projects. The proposal is similar to the "project bonds" proposed by France's President Hollande.
- De La Rue was reported to have been preparing for a potential production of the Greek drachma currency. Note that De La Rue produces banknotes for more than 150 countries.

***Looking Ahead***
- (US) G8 Summit in Camp David
- (ES) Spain Mar Trade Balance: No est v -€3.8B prior
- 7:30 (IN) India Forex Reserves w/e May11th: No est v $293.2B prior
- 8:00 (DE) German Chancellor Merkel and Fin Min Schaeuble speeches at Catholic Convention: Mannheim
- 8:00 (PL) Poland Apr Employment M/M: No est v -0.1% prior; Y/Y: No est v 0.5% prior
- 8:00 (PL) Poland Apr Avg Gross Wages M/M: No est 5.7% prior; Y/Y: No est v 3.8% prior
- 8:30 (US) Factory Orders revisions; Durable Goods Benchmark revisions
- 8:30 (CL) Chile Q1 Current Account: No est v -$1.3B prior
- 8:30 (CL) Chile Q1 GDP Q/Q: No est v 2.0% prior; Y/Y: No est v 4.5% prior
- 8:30 (CA) Canada Apr Consumer Price Index M/M: No est v 0.4% prior; Y/Y: No est v 1.9% prior; CPI Index: no est v 121.7 prior
- 8:30 (CA) Canada Apr CPI Core M/M: No est v 0.3% prior; Y/Y: No est v 1.9% prior
- 10:00 (US) API monthly reports
- 11:00 (US) Fed to purchase $4.50-5.25B in Notes
- 15:00 (AR) Argentina Mar Economic Activity Index M/M: No est v 0.3% prior; Y/Y: No est v 5.2% prior
- 17:00 (CO) Colombia Mar Industrial Production Y/Y: No est v 4.50%

Weekend
- Nato Summit in Chicago

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EU Market Update: 3-month Euribor rises for the first time in the post-LTRO environment

Thursday, May 17, 2012 5:41:22 AM

EU Market Update: 3-month Euribor rises for the first time in the post-LTRO environment***Economic Data***
- (EU) ECB: €839M borrowed in overnight loan facility €2.0B prior; €785.1B parked in deposit facility v €788.4B prior
- (RU) Russia Gold & Forex Reserve w/e May 11th: $518.8B v $522.9B prior
- (JP) Japan Apr Final Machine Tool Orders Y/Y: 0.4% v 0.5% prelim
- (CZ) Czech Mar Export Price Index Y/Y: 2.5% v 4.2% prior; Import Price Index Y/Y: 4.2 v 5.8% prior
- (CZ) Czech Apr PPI (Industrial) M/M: 0.0% v 0.2%e; Y/Y: 2.2% v 2.4%e
- (ES) Spain Q1 Final GDP Q/Q: -0.3% v -0.3%e; Y/Y: -0.4% v -0.4%e >- (HK) Hong Kong Apr Unemployment Rate: 3.3% v 3.5%e
Fixed Income: >- (ES) Spain Debt Agency (Tesoro) sold total €2.49B vs. €1.5-2.5B indicated range in 2015 and 2016 Bonds (three tranches)
- Sold €372M in 4.4% Jan 2015 Bono; Avg Yield 4.375% v 2.890% prior; Bid-to-cover: 4.47x v 2.41x prior; Maximum Yield set at 4.421% v 2.960% prior
- Sold €1.02B in 4.00% July 2015 Bono; Avg Yield 4.876% v 4.037% prior; Bid-to-cover: 3.01x v 2.88x prior; Maximum Yield 4.917% v 4.069% prior
- Sold €1.1B in 3.25% April 2016 Bono; Avg Yield 5.106% v 3.374% prior; Bid-to-cover: 2.38x v 4.1x prior; Max Yield 5.13% v 3.428% prior
- (HU) Hungary Debt Agency (AKK) sold total HUF53B in 2015, 2017 and 2022 Bonds
- (UK) DMO sold £1.5B in 5% 2014 Gilt mini tender; avg yield 0.351% v 1.542% prior; Bid-to-cover: 3.67x v 1.69x prior
*** SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM ***
***Notes/Observations***
- European markets quiet due to Ascension Thursday Holiday
- US foreclosure filings hit 5 year lows
- Spain sells upper end of its range in bond auction with Yields rising (as expected)
- Troika to study contingency plan for Portugal in case of Greek EMU exit
- 3-month Euribor rises for the first time since Dec 19th 2012
***Equities*** >Indices: FTSE 100 -0.70% at 5366, DAX -0.50% at 6349, CAC-40 at 3028, IBEX-35 -0.50% at 6579, FTSE MIB -1% at 13,149, SMI +0.10% at 5872
- European equity markets opened the session slightly higher, but indices have since pared gains as most banks are in negative territory. Banks have traded with a negative tone, amid reports that JP Morgan's previously reported $2B trading loss may have risen by approx. €1B. The FT reported that Spain is expected to appoint Blackrock as one of the firms which will appraise the property assets of Spanish banks. In other banking news the Italian Banking Association suggested that it might become more difficult for Italian banks to issue debt on the international market.
- In individual movers in the UK, copper producer Antofagasta [ANTO.UK] is trading lower after reporting weaker than expected Q1 results. Vedanta Resources [VED.UK ] has traded lower by over 2%, as its FY results missed market expectations. Retailer French Connection [FCCN.UK] is has declined by over 20%, after issuing a profit warning. Energy services firm Invensys has gained over 4%, as the company reported higher than expected FY revenues and announced an increase in its dividend. In Spain, Bankia has lost over 14%, amid concerns about deposit outflows at the bank. In Germany companies including BMW [BMW.DE], Celesio [CLS1.DE] and Leoni [LEO.DE] have been weighed down by ex-dividend factors.
Speakers: >- Spanish Bank Bankia [BKIA.ES] Clients said to have withdrawn over €1B since last Wednesday
- Italy Banking Association stated that €137B of bank debt was coming due in 2012. Italian bank funding from retail clients had been very weak although positive in early 2012. >- EU/IMF/ECB Troika was said to examine possible contingency plans for Portugal in the event of a Greek exit from EMU
- UK PM Cameron commented that the UK to stick to deficit reduction plans in the face of Euro crisis. He noted that the BoE had the flexibility to do more to support the economy. He stressed that the ECB and core Euro Zone countries must do more to support demand and welcomed France's proposal of project bonds
- UK Business Sec Cable noted that there were clearly risks to domestic economy from potential euro zone breakup, but businesses should not panic from that threat
- France Fin Min Moscovici commented that both France and Germany wants Greece to stay in EMU. He stated that it needed to defend euro. France must manage public finances (reduce budget deficit and debt) while facilitating growth. He noted that growth would be a key topic at the upcoming G8 Summit. He sought to add growth to EU deficit rules and that the Budget Pact wouldl not be approved without changes. France to seek transaction tax (tobin tax) and project bonds
- German Bundesbank's Dombret commented that most European banks were now stronger than before the financial crisis. Banks in Germany are prepared for larger Greek problems.
- Former MoF official Sakakibara ('Mr Yen') commented on CNBC that Japan would not have a crisis for the next 4-5 years. Japanese exporters suffering from reduced global demand and effects from a strong JPY currency. Current USD/JPY levels were not an issue for exporters but could be if it moved below 70 handle. He believed the JPY could strengthen towards 78 for a while.
- Japanese Bankers Group head: Further turmoil in Europe could lead to a stronger JPY currency
- Hungary IMF representative Fellegi commented that the IMF talks might start in June and end in autumn. He noted that no agreement on banking sector on tax would mean tense discussions with IMF >- Fitch report noted that Basel III capital rules posed ROE challenges for global banks and estimated that the 29 global systemically important financial institutions (G-SIFI) might need to raise approximately $566B in common equity to satisfy new Basel III capital rules by end-2018.
Currencies:
- A very quiet session with most European participant observing Ascension Thursday Holiday. The highlight of the morning was the Spanish GDP figures and its 3-4 year Bond auctions which provided no surprises. The EUR/USD was little changed from its Far East opening levels of 1.2720. Concerns over Greece remain with EU/IMF/ECB Troika to examine possible contingency plans for Portugal in the event of a Greek exit from EMU. The 3-month Euribor rose for the first time since the ECB launched its 3-year lending LTRO back on Dec 21st 2011in the post-LTRO environment. Some chatter that the European holiday might have excluded on bank in its survey and skewed results
Political/ In the Papers:
- The Chief Executive of Centre for Economic and Business Research (CEBR) Douglas McWilliams stated a planned breakup of the single currency would cost 2% of euro zone GDP ($300B), while a disorderly collapse would be at 5% decline in output or a loss of $1T. He added that the end of the euro in its current form is a certainty.
- Some analysts are concerned about the collateral levels of Greek banks according to the Telegraph's Ambrose Evans-Pritchard. The low collateral levels of Greek banks could make it more difficult to obtain funding from the ECB's €100B Emergency Liquidity Assistance [ELA] facility. Some analysts believe that the ECB could improve the situation by relaxing collateral requirements for Greek banks.
- The economics editor for the BBC Stephanie Flanders noted that the estimated range of Greek deposit withdrawal is €700M-1.2B (out of €160B total deposits) following the election; the total deposits are about a third lower against end-2009. The most important aspect of the euro and Greek banks is that the ECB is again at the centre of events; the ECB has the power to make or break the euro. What it does not have is any desire to do this, or formal legal responsibility.
- The Times reported British mortgages are to be hit by the euro crisis, as homeowners are expected to face new increases in mortgage rates.
***Looking Ahead***
- 7:00 (BR) Brazil May FGV Inflation IGP-10 M/M: 1.0%e v 0.7% prior
- 8:00 (BR) Brazil Mar Retail Sales M/M: +0.3%e v -0.5% prior; Y/Y: 11.7%e v 9.6% prior; Broad Retail Sales Y/Y: 7.9%e v 2.5% prior
- 8:30 (CA) Canada Mar Int'l Securities Transactions (CAD): 8.0Be v 12.5B prior
- 8:30 (CA) Canada Mar Wholesale Sales M/M: 0.3%e v 1.6% prior
- 8:30 (US) Initial Jobless Claims: 365Ke v 367K prior; Continuing Claims: 3.225Me v 3.229M prior
- 9:00 (US) IMF Lagarde, Zhu Min and World Bank Zoellick
- 9:30 (US) IMF briefing
- 9:00 (MX) Mexico Q1 GDP Q/Q: 1.0%e v 0.4% prior; Y/Y: 4.5%e v 3.7% prior
- 9:30 (US) Weekly Commercial Paper Outstanding
- 10:00 (US) May Philadelphia Fed: 10.0e v 8.5 prior
- 10:00 (US) Apr Leading Indicators: 0.1%e v 0.3% prior
- 10:30 (US) Weekly EIA Natural Gas Inventories
- 10:30 (CA) Bank of Canada quarterly review of economy
- 11:00 (US) Fed to purchase $1.5-2.0B in Notes
- 11:00 (BR) Brazil to sell 2013, 2014, 2016 Bills
- 11:00 (BR) Brazil to sell Sell Fixed-rate 2018 and 2023 bonds
- 13:00 (US) Treasury to sell $13B in 10-Year TIPS Reopening
- 11:30 (EU) European Leaders to hold pre-G8 video conference call
- 12:00 (US) IMF chief economist Blanchard
- 12:35 (US) Fed's Bullard Speaks to Rotary Club of Louisville
- 17:00 (CO) Colombia Mar Retail Sales Y/Y: No est v 9.4% prior
- 18:00 (CL) Chile Central Bank Interest Rate Decision: Expected to leave the Nominal Overnight Rate Target unchanged at 5.00% Legal disclaimer and risk disclosure All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing. 

Asian Market: S&P cuts Spain; BOJ increases JGB facility by ¥10T, reduces fixed-rate ops by ¥5T

-MAR South Korea (KR) CURRENT: $ 3.0B v. $ 557 M before; The GOODS BALANCE: $ 3.00B V $ 1.31B BEFORE
-SURVEY of CONSUMER CONFIDENCE (UK) UK APR GFK:-31 V-30E
-PMI MANUFACTURING JAPAN APR MARKIT/JMMA (JP): 50.7 v 51.1 BEFORE
-The RATE of GROWTH of MAR Japan (JP): 4.5% (E) v 4.5%; RELATIONSHIP to APPLICANT: 0.76 v 0.76 (E) BEFORE the
-Japan (JP) MAR NATIONAL CPI Y/Y: 0,5% V 0.4% E; The NATIONAL CORE Y/Y 0.2% V 0.1% E (6-month high); APR TOKYO CPI Y/Y:-0.3% V-0.1% E; The TOKYO CORE Y/Y:-0,5% V-0.3% E (5-month low)
-Japan (JP), MAR Y/Y: general household expenditure 3,4% V 4.1% E (2-year high)
-Japan (JP) MAR PRELIMINARY INDUSTRIAL PRODUCTION M/M: 1.0% V 2.3% E; Y/Y: 13,9% V 15.6% E
-Japan (JP) MAR RETAIL M/M:-1.2% V-0.5% E; Y/Y: 10,3% V 10.0% E (multi-year high); LARGE RETAILERS ' SALES Y/Y: 5,0% V 7.2% (E) BEFORE the
-TRADE BALANCE for FEBRUARY Philippines (PH):-V 562 M $-$ 1.0B BEFORE; TOTAL IMPORTS: $ 5.0B V $ 5.1B BEFORE
-China (CN) MAR industrial profits YTD Y/Y:-1.3% V-5.2% against (2nd consecutive decrease)
-Mar Thailand (TH) production: production index; Y/Y:-3.2% v-0.5% (e)
*** Markets snapshot (from 04: 30GMT) ***
-Charts for + 0.8%
-S and P/ASX flat
-Kospi + 0.5%
-Shanghai composite-0.2%
-Hang Seng + 0.5%
-Jun S and P Futures-0,4% of 1,391
-Gold June-0,3% in $ 1,655/oz
-June Crude-0.5% $ 104.06
* ** Review Top headlines ***
-The European fiscal crisis is once again front and Center in the Asia session, overshadowing some modest revitalising housing the U.S., as well as the strong wage conformation of Amazon. S and P has remained at the forefront of aggressive oversight of the sovereign, cutting the rating of Spain by 2 notches to BBB +. Cut it takes S and P rating one stroke below with Moody's and two notches below the Fitch. In particular, Spain is forced to continue support for the banking sector and is also likely to Miss its target of 5.3% debt to GDP in that year. Instead, the S and P sees budget deficit of 6.2% of GDP to contract by 4% in 2012 and by 1% in 2013. S and P500 futures sank more than 5 handles after the Department S and P and never recovered, sitting just above the 1,390 in June. The EUR fell about 60 PIPs in the face of the jump to $ 1.3080, while the majors Asia-Pacific merchandise were sold to a more intensive second session-AUD/USD and NZD/USD fell about 30 pips $ 1.0360 and $ 0.8110 respectively.
-Bank of Japan confounded the traders preparing or disappointed by the purchase of the assets of ¥ 5T increase or cheer more aggressive bloom of ¥ 10T. Instead, the BATTLE increased JGB component of its program ¥ 10T with ¥ 19T to ¥ 29T, but also reduce the g at the fixed rate of delivery of Fund operations by ¥ ¥ ¥ 5T from 35T to 30T Recalling recent episodes of undersubscription. In this connection, the increase in the purchase of the net assets of the battle was only ¥ 5T to ¥ 70T, as the USD/JPY below 80.50 whipsawed over 81.40 and again under 80.90 in hour. In particular, the BATTLE also extended the maturity of JGBs to be purchased in accordance with its programme of 1-3 years of 1-2 years, pressuring JGB gives the page the lower curve. The BATTLE also raised its Outlook for inflation, taking into account changes y/y CPI gradually increase to a range of 0.5-1.0% (previously told y/y, the rate of change in the CPI will remain at around 0% at the time).

*** Speakers/Geopolitical/in the press ***
-Bahk Min Fin South Korea (KR): economy getting out of soft patch, but domestic demand remains slow
-Azumi Min Fin Japan (JP): do not refuse Japan is considering the purchase of the bonds of South Korea; Expects Spain to regain the trust of the market; To monitor the BATTLE of policy decision spends; The need to make full use of monetary policy and deregulation to beat deflation.
-Japan (JP) reaches the agreed US Defense Dept about the presence of US Marines on Okinawa; Plan moving 9 K marines from the island; 5 K Guam and the rest to Australia, Hawaii
* * The * Actions * **
-MQG.AU (Macquarie): reports for FY11/12 NET v 730 M $ $ 726Me; Rev. $ 6 v. 96b. 67b $ 7 y/y
-005930. KR (Samsung Electronics): final reports Q1 NET y and y profit KRW 5.0 T (high record) v KRW 2.8 T, Op profit KRW 5.85 T v KRW 5.3 T y/y, Rev. KRW 45.3 T v KRW37T y/y
*** US action ***
-AMZN: Reports Q1 $ 0.28 v $ 0.07e, R $ 13.18b v 12. $ 9be; + afterhours 13,8%
-CSTR: Reports Q1 $ 1.39 (adj) v $ 1.34e, R $ 568 M v $ 564Me; afterhours-3.4%
-ESM: Reports Q1 $ 1.22 (adj) v $ 1.12e, R $ 1.82b v $ 1.9be; + 1.5% afterhours
-Eksponatem: Reports Q1 $ 0.26, v $ 0.16 y/y, R $ 816. v 5 M $ 791Me; + afterhours 18.7%
-GILD: Reports Q1 $ 0.91 v $ 0.93e, R $ 2.28b v $ 2.2be; -0,2% afterhours
-MET: Reports Q1 $ 1.37 v $ 1.29e, R $ 15.9b v $ 16.7be; -0,2% afterhours
-PFG: Reports Q1 $ 0.70 v $ 0.74e, R $ 2.10b v-$ 2.1be; -0,6% afterhours
-SBUX: Reports Q2 $ 0.40 v $ 0.39e, R $ 3.20b v $ 3.2be; afterhours-5,0% >-WDC: Reports Q3 $ 2.52 v $ 1., no. 58e. 04b, $ 3-$ 2.4be; -8.5% afterhours
*** Fixed income/goods/Forex ***
-H (US) weekly Fed balance sheet assets of the week from 25 Apr: $ 2.85t v $ 2.86t before; M1: + v. 9b $8-before $ 3.9b; M2: + $ 26.1 b v-$ 6.2b before
-Australia (AU), sells A $ 700 M 5.5% bonds due 2018, offer to cover the 2.24 x
-Japan (COR) for the purchase of bonds of the govt of South Korea, in order to strengthen the ties between the two Nations-press financial
-USD/CNY: PBoC (CN) sets the Yuan mid point on 6.2787 v 6.3060 prior close (new Yuan high since the revaluation July 2005)