HALISTER1: TAIWAN PREVIEW: Export Orders Probably Declined for 11th Month

TAIWAN PREVIEW: Export Orders Probably Declined for 11th Month

(Bloomberg) -- Weak external demand is likely to keep Taiwan’s export orders under pressure in Feb., economists forecast.
  • Orders fell 10% y/y after declining 12.4% in Jan., according to median est. in Bloomberg survey; ests. range from -11.9% to -5.0%; data due at 4pm local time
  • Jan. orders were worse than the median est. for 10.5% decline, data released on Feb. 24 showed; 1-mo. USD/TWD NDF closed at 33.335 that day; now at 32.355
  • Manufacturing PMI slid to 49.4 last month from 50.6 in Jan., data released on March 1 showed
  • Central bank may trim benchmark interest rate to 1.500% from 1.625% at next meeting on March 24, Bloomberg survey shows
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: The Week Ahead: Apple iPhone Hearing, VW Diesel Update and Luxury Cars

The Week Ahead: Apple iPhone Hearing, VW Diesel Update and Luxury Cars

Alert: HALISTER1
Source: NYT (New York Times)

Tickers
VOW GR (Volkswagen AG)

People
Charles Breyer ((US)Dist Court:CA-Northern)
Jack Ma (Alibaba Group Holding Ltd)
Li Keqiang (People's Republic of China)
Sheri Pym ((US)Dist Court:)
Sonia Sotomayor (United States Supreme Court)

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UUID: 7947283

HALISTER1: Recommend Short Singapore Dollar Via Proxy NEER Basket: Redward

Recommend Short Singapore Dollar Via Proxy NEER Basket: Redward

(Bloomberg) -- Recommend averaging into a short SGD exposure using a basket of five currencies, that doesn’t include China, Peter Redward, principal at Redward Associates, says in an interview.
  • SGD is now around 0.5% above the midpoint of its undisclosed NEER trading band, strongest since June 2015, says Redward
  • Sees MAS SGD NEER declining toward 121.90; suggests adding to short position for every 50bps rise in NEER, with stop- loss at 126.70
  • Redward’s basket includes USD, EUR, JPY, MYR and TWD
  • Also sees SGD 1-year interest-rate swaps falling toward 1.00% in coming weeks; now at 1.4750% vs 1-year USD swaps at 0.7785%
  • USD/SGD up 0.2% to 1.3604; last week touched 8-month low at 1.3487
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Peter Redward (Redward Associates Ltd)

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UUID: 7947283

HALISTER: Roger Agnelli, Who Reshaped Miner Vale, Dies in Crash (Correct)

Roger Agnelli, Who Reshaped Miner Vale, Dies in Crash (Correct)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VALE5 BZ (Vale SA)

People
Roger Agnelli (AGN Participacoes)
Dilma Rousseff (Federative Republic of Brazil)
Jeffrey Bezos (Amazon.com Inc)
Steven Jobs (Apple Inc)
Yun Jong-Yong (Electronic Indus Assoc Of Kore)

Topics
Obituaries
Who's News - People

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UUID: 7947283

HALISTER: Sherwin-Williams to Buy Valspar for $11.3b in Cash

Sherwin-Williams to Buy Valspar for $11.3b in Cash

(Bloomberg) -- To pay $113/shr, cos. say in PR Newswire release.
  • Deal is 41% premium to 30-day weighted avg. price
  • Unanimously approved by the boards of both companies
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SHW US (Sherwin-Williams Co/The)
VAL US (Valspar Corp/The)

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UUID: 7947283