HALISTER: Salesforce Said to Consider Twitter Takeover, DJ Says

Salesforce Said to Consider Twitter Takeover, DJ Says

(Bloomberg) -- Process in early stage, DJ says, citing person familiar.
  • Unclear who else may be looking at Twitter
  • TWTR up as much as 23%, most intraday since July 2014
  • NOTE: Earlier, Twitter Said to Be Moving Closer to Sale, CNBC Says
  • CRM Chief Digital Evangelist Vala Afshar Tweeted “Why Twitter?”
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
TWTR US (Twitter Inc)
CRM US (salesforce.com Inc)
GOOG US (Alphabet Inc)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: USD, EUR Curves Exposed to Bull Flattening Pressures: BofAML

USD, EUR Curves Exposed to Bull Flattening Pressures: BofAML

(Bloomberg) -- Rise in U.S. rates during first half of September “was likely new duration shorts/steepeners,” which are at risk because BOJ decision provided “little reason for a significant shift in demand dynamics” for long end of curve, BofAML strategist Shyam Rajan says in note.
  • BOJ’s “soft commitment to a large purchase program plus a hard commitment to a level of yields” is “a green light for further Japanese private buying of foreign bonds”
  • Demand for U.S. assets makes economic sense only at long end or in spread product, assuming a rolling 3m FX hedge
  • Conclusion that early September steepening was due to new positions is based on performance of domestic total return funds (short duration during selloff) and CFTC futures positioning data showing new shorts by leveraged funds
  • EUR rates curve should also flatten as ECB “like other central banks will be extremely wary to turn less accommodative and tighten prematurely,” strategist Ralf Preusser says in another section of note
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Ralf Preusser (Merrill Lynch International)
Shyam Rajan (Bank of America Corp)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Banco Sabadell S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages) - DBRS Surveillance Report

Banco Sabadell S.A. Covered Bonds (Cédulas Hipotecarias - Mortgages) - DBRS Surveillance Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Antonio Laudani (DBRS Inc)
Claire Mezzanotte (DBRS Inc)

Topics
Asset Class Focused Research
Fixed Income Research
Reports
Credit Analysis Research
Credit Research

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

UUID: 7947283

HALISTER1: EU Banks Have EU376b Rescue Fund Shortfall: Morgan Stanley

EU Banks Have EU376b Rescue Fund Shortfall: Morgan Stanley

(Bloomberg) -- Size of shortfall in likely minimum required own funds and eligible liabilities “should be a relief, not a scare,” because there is ~EU561b of senior debt maturing in 3 yrs to end-2019, Morgan Stanley analysts Jackie Ineke and Greg Case say in report.
  • Most likely scenario for setting requirement is double SREP plus buffers: MS
  • Under that scenario, MS estimates 3 biggest shortfalls are:
    • BNP Paribas EU52.6b
    • Banco Santander EU53.6b
    • UniCredit EU36.9
  • BNP has ~EU34b due in period, so net shortfall is ~EU19b
  • Santander has ~EU43b coming due, UniCredit ~EU57.1b
  • NOTE: Yday, EU Banks May Need Rescue Funds Equaling Twice ECB Capital
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MS US (Morgan Stanley)
SAN SM (Banco Santander SA)
BNP FP (BNP Paribas SA)
UCG IM (UniCredit SpA)

People
Greg Case (Morgan Stanley)
Jackie Ineke (Morgan Stanley)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: CANADA ECO PREVIEW: Retail Sales, CPI Due in 5 Minutes

CANADA ECO PREVIEW: Retail Sales, CPI Due in 5 Minutes

(Bloomberg) -- Canadian retail sales seen increasing 0.1% in July after falling 0.1% in June (forecast range -0.4% to +0.7%); based on value of goods sold.
  • Sales could be restrained by drop in auto sales, lower petroleum prices: TD Securities
  • Canada’s consumer price index seen rising 1.4% y/y in Aug. after increasing 1.3% in July (forecast range to +1.3% to +1.7%); tracks price of goods and services
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Brazilian Real Rises; BCB Keeps Swaps Volume, Inflation Eases

Brazilian Real Rises; BCB Keeps Swaps Volume, Inflation Eases

(Bloomberg) -- BRL opens higher, extending weekly gains, as EMFX shows mixed intraday trend after rallying for the week.
  • BRL rises 0.38% to 3.2084 per dollar; DI Jan. 21 rate -3bps
  • BCB auctions up to 5,000 reverse FX swaps, 9:30am-9:40am local time; not confirming yday’s speculation that volume would be raised to stop BRL gains
  • IPC-S weekly inflation index 0.18% m/m; est. 0.24%, following yday below est. IPCA 15
  • Goldfajn: Easing hinges on confidence in Brazil CPI target; reiterates that room for FX daily actions is narrowing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283