HALISTER1: Bund Futures Showing Topside Exhaustion; Levels in Focus

Bund Futures Showing Topside Exhaustion; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-Bearish
  • Comment: Monday’s gap up and safety bid flows failed to generate follow-through momentum with market staying anchored near 165 (large duration supply (~EU22m/bp) due this week); MACD lead line has rolled over and is on Tuesday crossing below the signal line, first time since before Sintra
    • Resistance: 165.21; 165.29-31; 165.69; 165.96
    • Support: 164.78; 164.52-49 (incl. 21-DMA); 164.36
  • 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 Scott Hamilton

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Sterling Habitats Cut; Asian Hotels Raised

INDIA RATINGS: Sterling Habitats Cut; Asian Hotels Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Senbo Engineering
    • Long-term bank facilities worth INR1.43b cut to D from B+ at Care
    • Cites ongoing delay in servicing debt obligations
  • Shiv Shakti Exporters
    • Fund-based limits worth INR343.5m cut to D from BB- at India Ratings
    • Cites under- utilization of working capital facilities due to weak liquidity position
  • Sterling Habitats
    • NCDs cut to B(SO) from BB-(SO) at Crisil
    • Cites heightened refinancing risk
UPGRADES
  • Asian Hotels West
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites improved operational performance
  • Carbon Edge
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites growth in scale of operation, profitability
  • Island Star Mall
    • LT bank facilities raised to A- from BBB+ at Crisil
    • Cites steady increase in lease rentals, better operating efficiency
  • SRG Housing
    • LT bank facilities raised to BBB- from BB+ at Care
    • Cites increase in scale of operations
  • Ushdev Engitech
    • Rupee term loan raised to BB+ from D at India Ratings
    • Cites timely debt servicing
  • Vedika Credit
    • Fund-based facility raised to BBB from BBB- at Brickwork
    • Cites improvement in operational, financial performance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
AHWL IN (Asian Hotels West Ltd)
0778648D IN (Carbon Edge Industries Ltd)
PHNX IN (Phoenix Mills Ltd/The)
SRHO IN (SRG Housing Finance Ltd)
1023097D IN (Senbo Engineering Ltd)

Topics
First Word Credit Asia
India Macro News

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UUID: 7947283

HALISTER1: Reuters Top News: Commonwealth Bank of Australia sued over money laundering disclosures reut.rs/2gzZkQl

Reuters Top News: Commonwealth Bank of Australia sued over money laundering disclosures reut.rs/2gzZkQl

Commonwealth Bank of Australia sued over money laundering disclosures reut.rs/2gzZkQl pic.twitter.com/PC89BEayEW
Reuters Top News @Reuters
 
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Original tweet on Twitter.com found here.

Twitter profile information as of September 5, 2017

Description: Top and breaking news, pictures, and videos from Reuters.

Tweets: 204,846  Following: 1,056  Followers: 18,623,142  Tweeting Since: 3/20/2007  Twitter Verified

Alert: HALISTER1
Source: TWT (Twitter)

Tickers
CBL BM (Commonwealth Bank Ltd)
CBA AU (Commonwealth Bank of Australia)

Topics
Major Media Tweets
Twitter Verified Handles

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UUID: 7947283