HALISTER1: U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

(Bloomberg) -- Initial jobless claims seen at 270k in wk ended June 4 vs 267k prior wk (forecast range 260k to 285k)
  • Prior wk’s decline was 3rd in row
  • Initial claims have been below 300k since March 2015, longest stretch since 1973
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: UST MORNING CALL: Mixed Views Remain on Curve, Duration

UST MORNING CALL: Mixed Views Remain on Curve, Duration

(Bloomberg) -- Treasuries grind higher overnight, extending gains after breaking through 1.70% in Asia hours; strategists maintain mixed view on duration, curve.
  • Maintain longs in 10Y Treasuries, initiated at 1.90% to target 1.60%; recommend moving target to 1.50%, stop to 1.80%, re-enter longs at 1.90%, writes BNP in a client note
  • Hold medium-term 5s30s curve flattening bias, flattening pressure from global bond rally supporting view; technicals favor more consolidation above 121.5-124.5bp support, bounces limited to 130bps/134bp resistance, writes JPMorgan in a note
  • Yday’s flattening confirm a bearish evening star pattern across the curve, however daily momentum still favors steepeners and economic data between now and retail sales unlikely to do much to sway the Fed, writes RBS in a client note
    • Recognize that favored technical pattern is now battling fundamental view: RBS
  • Technicals:
    • Resistance: 131-09+ (Feb. 24 high), 131-16 (Feb. 12 high), 131-29 (3sd from 50-day range avg.)
    • Support: 130-20 (June 6 low), 130-14+ (June 3 mid price), 129-27 (June 3 low)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Viacom COO Could Reap $63 Million If Redstone Sacks Boss, Board

Viacom COO Could Reap $63 Million If Redstone Sacks Boss, Board

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VIAB US (Viacom Inc)
CBS US (CBS Corp)
2341170Z US (National Amusements Inc)

People
Shari Redstone (Cinebridge Ventures Inc)
Sumner Redstone (National Amusements Inc)
Thomas Dooley (Viacom Inc)
Joseph Ianniello (CBS Corp)
Leslie Moonves (CBS Corp)

Topics
Who's News - People

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UUID: 7947283

HALISTER: Italy’s Delrio Tells German Minister Fiat Cars ‘Absolutely Fine’

Italy’s Delrio Tells German Minister Fiat Cars ‘Absolutely Fine’

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
FCAU US (Fiat Chrysler Automobiles NV)
VOW GR (Volkswagen AG)

People
Graziano Delrio (Republic of Italy)
Alexander Dobrindt (Federal Republic of Germany)
Matteo Renzi (Republic of Italy)

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UUID: 7947283

HALISTER: Coming Soon to a Theater Near You: Made-in-China Disney Movies

Coming Soon to a Theater Near You: Made-in-China Disney Movies

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DIS US (Walt Disney Co/The)
2929Q US (Rival Co/The)

People
Robert Iger (Walt Disney Co/The)
Richard Huang (Nomura Holdings Inc)
Wang Jianlin (Dalian Wanda Group Co Ltd)

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UUID: 7947283

HALISTER: U.K. Bank Investors May Have Ignored Brexit Risk, Citigroup Says

U.K. Bank Investors May Have Ignored Brexit Risk, Citigroup Says

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
LLOY LN (Lloyds Banking Group PLC)
HSBA LN (HSBC Holdings PLC)
STAN LN (Standard Chartered PLC)
RBS LN (Royal Bank of Scotland Group PLC)

People
Andrew Coombs (Citigroup Global Markets Inc)
Howard Davies (Royal Bank of Scotland NV)
James Dimon (JPMorgan Chase & Co)
Stuart Gulliver (HSBC Holdings PLC)

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UUID: 7947283

HALISTER: ECB Said to Buy Volkswagen Bonds Due in 2019

ECB Said to Buy Volkswagen Bonds Due in 2019

(Bloomberg) -- The European Central Bank bought notes issued by Volkswagen on its second day of corporate bond purchases in Europe, according to a person familiar with the matter, who isn’t authorized to speak about it and asked not to be identified.
  • ECB also bought notes from Continental, Orange on Thursday
  • NOTE: Draghi Seen Buying Junk Debt Shows ECB Will Do Whatever It Takes Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)
VOW GR (Volkswagen AG)

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UUID: 7947283