Halister News

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Empire 18; range 10 to 27 (40 estimates)
• The New York Fed’s index “is due for a correction in September after surging to the highest level in almost three years”; even so “the overall trend should continue pointing to improving conditions in the industry”: Bloomberg Intelligence
• In August, the index increased to 25.2 from July’s 9.8
• Retail sales 0.1% m/m; range -0.3% to 0.7% (76 estimates)
• Retail ex-autos 0.5% m/m; range 0% to 0.9% (67 estimates)
• Retail ex-auto/gas 0.3% m/m; range -0.2% to 0.5% (15 estimates)
• Retail control 0.2% m/m; range -0.2% to 0.6% (28 estimates)
• “August retail sales will be sharply impacted by Hurricane Harvey. The headline will be depressed by a steep decline in auto sales resulting from lost selling days at the end of the month”: Bloomberg Intelligence
• In July, sales advanced 0.6 percent, the largest increase since December

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

(Bloomberg) -- Henry Schein indicated $82-$83 pre-market vs $80.57 close after Piper Jaffray analyst Sarah James upgraded to overweight from neutral (PT $193 from $95), saying investor concern over the threat of Amazon entering the market is overdone.

• Sees potential for improvement in dental consumables based on proprietary consumer surveys and management comments
• Recent pressure on the stock has moved valuation to an attractive entry point
• Increasingly confident Amazon does not pose a threat, noting it has a track record of avoiding high touch industries, where it would need a local sales force and showrooms
• Shares up 6% YTD vs S&P 500 Health ahead 20%
• HSIC 9 buys, 8 holds, 0 sells, avg PT $95: Bloomberg
• NOTE: Sept. 13, Henry Schein Falls as Stifel Sees Amazon Threat to Dental Market
  • Sept. 7, Patterson Cos. Up; Baird Says Dental Conference May Boost Demand

To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Scott Schnipper

(Bloomberg) -- Treasury futures (TY1) technical levels in focus.

• Daily trend bias: Bearish
• Comment: Consolidates recent losses along 126-11/126-05+ support area (50% retrace, 55-, 100-DMAs); stays bearish for potential test at 125.31+ Fibonacci line
  • Resistance: 126-18; 126-25; 126-28/29+
  • Support: 126-05+; 125.31+; 125-29
• NOTE: Contract rolls with active futures on GFUT (no adjustments)
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Scott Hamilton

Economic Release Details: {RREFKANN Index ECOD} --SCOTT ROSE

--FERGAL O'BRIEN

Economic Release Details: {CNLNSFIN Index ECOD}

Economic Release Details: {CNLNNEW Index ECOD}

(Bloomberg) -- Bund futures (RX1) technical levels in focus.

• Daily Trend Bias: Bearish
• Comment: Maintains offer tone while trading south of 13-day EMA (162.09), which has now rolled over; potential corrective momentum may extend to 161.15 Fibonacci zone
  • Resistance: 162.02-07; 162.22-29
  • Support: 161.69 (pivot), 161.37-34; 161.15
• NOTE: Roll-adjusted by difference in GFUT
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Neil Chatterjee