HALISTER1: Brazil Real Buoyed by Positive Political, Economic Sentiment: CA

Brazil Real Buoyed by Positive Political, Economic Sentiment: CA

(Bloomberg) -- Gains made by Brazilian assets reflect a combination of positive sentiment that spending cap bill will be approved tomorrow and improving scenario for economy, Vladimir Caramaschi, chief-strategist at Credit Agricole Indosuez, says in a phone interview.
  • “The market is becoming more confident”
  • BCB survey of economists showed improving inflation expectations, adding to optimism
  • USD flow generated by repatriation bill also helps, despite being expected
  • NOTE: BRL rises the most among EMFX; DI rates drop, stocks gain
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Vladimir Caramaschi (Credit Agricole Brasil SA DTVM/Brazil)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Switzerland’s Gasser Sees Pressure on 1,000-Franc Note: Paper

Switzerland’s Gasser Sees Pressure on 1,000-Franc Note: Paper

(Bloomberg) -- Switzerland’s 1,000-franc note “is always an issue when discussing money laundering and terrorism financing,” Swiss Secretary of State for International Finance Joerg Gasser tells Zentralschweiz am Sonntag.
  • “There definitely is pressure” to abolish it, Gasser says
  • Says scrapping the 1,000-franc bill “currently isn’t an option”
  • “We have to wait for the further developments. We have good arguments for the use of large denominations as a method of payment and as a means of storing value”
  • Says there also is pressure as Switzerland’s 100,000-franc limit for cash transactions is much higher than elsewhere
  • NOTE: Switzerland’s 1,000-Franc Banknotes Are Still Popular: Chart
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: *HNA TO BUY 25% STAKE IN HILTON IN DEAL VALUED AT ABOUT $6.5B

*HNA TO BUY 25% STAKE IN HILTON IN DEAL VALUED AT ABOUT $6.5B

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
HLT US (Hilton Worldwide Holdings Inc)
BX US (Blackstone Group LP/The)

People
Christian Charnaux (Hilton Worldwide Holdings Inc)
Christine Anderson (Blackstone Group LP/The)
Christopher Nassetta (Hilton Worldwide Services Ltd)
Jonathan Gray (Blackstone Group LP/The)
Robert Rendine (Sard Verbinnen & Co)

Topics
Holding Increases

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Bunds Close Gap, Retreat From 164.45-164.58 Resistance: Charts

Bunds Close Gap, Retreat From 164.45-164.58 Resistance: Charts

(Bloomberg) -- Bund futures (RXZ6) closes weekend gap at 164.29 to test daily pivot and day low at 164.13; generic contract pulls back from key topside resistance zone at 164.45-58, Bloomberg technical analyst Sejul Gokal writes.
  • See chart
  • Covers Friday’s close at 164.29 after opening gap higher (session high at 164.54)
  • Converging 21/55-DMA’s at 164.45-49 and 50% retracement of Sept. 30-Oct. 17 selloff at 164.58
  • Support at 164.06-04 (100-DMA, Oct. 21 low)
  • Bund futures now at 164.17
  • NOTE: Oct. 20, 164.48-58 regarded as strong layer of resistance and possible supply area
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283