HALISTER1: USD/SGD Rises Toward 10-DMA After Non-Oil Exports Miss Est.

USD/SGD Rises Toward 10-DMA After Non-Oil Exports Miss Est.

(Bloomberg) -- USD/SGD rises as much as 0.13% to 1.3418, approaching 10-DMA at 1.3435 after July exports data showed that shipments contracted faster than forecast.
  • July non-oil domestic exports -10.6% y/y; est. -2.5%
  • SGD is around now around 0.8% above mid-point of undisclosed NEER trading band vs 1.0% yesterday, FX traders based in the region say, citing their own models
  • USD/SGD touched 1.3348 yesterday.which was lowest since June 23.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Cisco Said to Plan to Cut at Least 9,000 Jobs: CRN

Cisco Said to Plan to Cut at Least 9,000 Jobs: CRN

(Bloomberg) -- Cuts will range between 9,000 to 14,000 worldwide, CRN reports, citing people close to company.
  • Cisco expected to announce cuts within next few weeks; many early retirement package plans have already been offered to employees
  • Cisco declined to comment: CRN
  • NOTE: Co. employs about 73,000 people as of April 30: Bloomberg data
  • NOTE: PREVIEW CISCO 4Q: Enterprise and Brexit Seen Weighing on 1Q View
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
CSCO US (Cisco Systems Inc)

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UUID: 7947283

HALISTER1: Prince Edward Island, Province of - DBRS Rating Report

Prince Edward Island, Province of - DBRS Rating Report

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

Tickers
85057Z CN (Province of Prince Edward Island Canada)

People
Travis Shaw (DBRS Ltd)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Weather
Credit Analysis Research
Credit Research

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UUID: 7947283

HALISTER: Ford Targets Fully Autonomous Vehicle for Ride Sharing in 2021

Ford Targets Fully Autonomous Vehicle for Ride Sharing in 2021

(Bloomberg) -- Ford actively working with over 40 startups, also expanding Silicon Valley operations.
  • NOTE: Earlier, Ford, Baidu Invest $150m in Sensor Tech Co. Velodyne LiDAR Link
Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
F US (Ford Motor Co)

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UUID: 7947283

(2) *FORD TARGETS FULLY AUTONOMOUS VEHICLE FOR RIDE SHARING IN 2021

*FORD TARGETS FULLY AUTONOMOUS VEHICLE FOR RIDE SHARING IN 2021

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
F US (Ford Motor Co)

People
Angie Kozleski (Ford Motor Co)
Ken Washington (Ford Motor Co)
Mark Fields (Ford Motor Co)
Raj Nair (Ford Motor Co)

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UUID: 7947283

HALISTER1: Fed’s Williams Was Misinterpreted by Markets in Asia: Macquarie

Fed’s Williams Was Misinterpreted by Markets in Asia: Macquarie

(Bloomberg) -- Note by SF Fed Pres. John Williams released Mon. was taken as sign of further delay in Fed normalization and spurred USD selling in Asia; mkt “was likely suffering from a bout of mis-interpretation and flawed inference,” Macquarie strategist Thierry Wizman writes in note.
  • While mkts initially took Williams’ note “in stride” Mon. in U.S., result was different in Tues.’s Asia sessions
    • Traders “pounced” on USD and bought EUR, GBP, CAD, AUD
    • Note was seen as indication Fed might delay rate hikes in short term or keep rates low indefinitely/several yrs
  • Williams’ note “has little bearing on the timing of the next FOMC rate hike”; Macquarie stands by Dec. call, sees 60% probability of a hike this yr
    • Fed has “theoretical” incentive to normalize as long as natural rate of interest is above current rate
  • SF Fed head was arguing for global interest rates to stay low indefinitely, not just U.S. rates; shouldn’t obscure fact that FOMC is on track to raise rates once this yr
  • EUR, CAD still have room to depreciate against USD
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
John Williams (Upland Resources Inc)
Thierry Wizman (Macquarie Group Ltd)

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UUID: 7947283