HALISTER: Unilever 1Q Underlying Sales Growth Slightly Above Estimate

Unilever 1Q Underlying Sales Growth Slightly Above Estimate

(Bloomberg) -- Unilever 1Q underlying sales growth 4.7%, est. up 4.6%.
  • 1Q volume +2.6%, est. up 2.5%
  • 1Q pricing +2%, est. up 2.4%
  • 1Q total rev. EU12.5b, est. EU12.8b
  • Div. EU0.3201/share, BDVD forecast EU0.315/share
  • Call 10am CET +44 (0) 1926 480 180, pw 856 124#
*Preview
  • Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
UNA NA (Unilever NV)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Volkswagen Infighting Puts Labor Peace Ahead of Restructuring

Volkswagen Infighting Puts Labor Peace Ahead of Restructuring

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VOW GR (Volkswagen AG)
PAH3 GR (Porsche Automobil Holding SE)
BMW GR (Bayerische Motoren Werke AG)

People
Matthias Mueller (Volkswagen AG)
Arndt Ellinghorst (Evercore Partners Inc)
Bernd Osterloh (Volkswagen AG)
Bernd Pischetsrieder (Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen)
Herbert Diess (Volkswagen AG)

Topics
Who's News - People
Management Changes

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

UUID: 7947283

HALISTER1: China’s GDP Data May Embolden Fed on Rate Increases: Economists

China’s GDP Data May Embolden Fed on Rate Increases: Economists

(Bloomberg) -- Signs of stabilization in China’s economy may give Federal Reserve leeway to raise interest rates faster than currently expected, according to economists at Guosen Securities and Huabao Trust.
  • That would strengthen USD/CNY, possibly to 6.60 by end 2Q, says Janice Yu at Guosen Securities; Huabao’s Nie Wen sees pair at 6.60 by year end
    • RBC Capital Markets head of FX strategy Sue Trinh maintains bearish outlook on yuan; USD/CNY at 6.80 end 2Q, 6.95 year end
    • USD/CNY up 0.09% at 6.4828 today
  • China’s economic performance in 1Q may have been better than was expected earlier in the year; median est. in Bloomberg survey is for 6.7% y/y growth vs +6.8% in 4Q
    • Data suggest signs of stabilization, with recovery in exports, firmer inflation and higher home prices
  • Still, Commerzbank and RBC says economy may weaken again
    • Zhou Hao, senior economist at Commerzbank, says property investment could slow in coming months; NOTE: Cities including Shanghai and Shenzhen step in to cool housing market
    • If growth activity starts to fade, PBOC may cut policy rate and RRR as early as this quarter: Zhou
    • Says USD/CNY unlikely to stay under 6.50 for long; sees 6.65 end-2Q, 6.75 end-2016
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Hao Zhou (Commerzbank AG)
Janice Yu (Guosen Securities HK Financial Holdings Co Ltd)
Nie Wen (Huabao Trust Co Ltd)
Sue Trinh (Royal Bank of Canada)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: INSIDE ASIA: SGD Drops as MAS Eases; KRW Falls on Election Shock

INSIDE ASIA: SGD Drops as MAS Eases; KRW Falls on Election Shock

(Bloomberg) -- Singapore dollar drops after the central bank unexpectedly shifts to a neutral policy stance, spurring declines in rest of Asian regional currencies. Korean won is also among the leading losers after President Park suffers blow in parliamentary elections.
  • Singapore sets rate of appreciation of S$NEER policy band to zero percent, beginning April 14, MAS says in a statement; adds that this isn’t a policy to depreciate the currency and only removes modest and gradual appreciation path of S$NEER policy band that was in place
  • SGD fell as much as 0.96%; now down 0.83% to 1.3617
    • Singapore’s decision to adopt zero-percent appreciation policy could indicate regional central banks aren’t willing to maintain currency strength after recent gains, says Commerzbank
    • MAS unlikely to move SGD policy again in Oct., SMBC says
    • Singapore GDP grew 1.8% y/y in 1Q, vs est. 1.7% expansion
  • KRW drops after ruling Saenuri Party loses majority in nation’s general election
    • President Park suffers blow in parliament election; ruling party leader Kim resigns over election result
    • South Korea election result reduces chances of QE: Goldman Sachs
  • Yuan drops after PBOC weakens reference rate by most since Jan. 7
    • Premier Li said yday foundations for China’s economic improvement aren’t solid as global economic recovery is weak: CCTV
    • March new loans, money supply data may be due from today
    • Gains in USD/CNY and USD/CNH to be gradual, tempered to ensure spread doesn’t widen too fast: Maybank
  • Australia’s focus on spending cuts makes balancing budget difficult, Moody’s says in e-mailed report
    • AUD falls 0.19% to 0.7638 after sold earlier by leveraged funds from 0.7650 in reaction to Moody’s comments, according to an FX trader
    • March jobless rate unexpectedly fell to 5.7%, lowest in two- and-a-half years
    • Employment rose 26,100 from Feb.; est. 17,000 gain
  • MYR falls, set to snap six-day gain as oil extends losses and other Asian currencies decline
  • Dollar Index up 0.22% to 94.95; U.S. Treasuries gains, with yield on 10-year bonds little changed at 1.7534%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283