HALISTER1: INSIDE INDONESIA: Rupiah Set for Biggest Monthly Gain in Four

INSIDE INDONESIA: Rupiah Set for Biggest Monthly Gain in Four

(Bloomberg) -- Rupiah heads for biggest monthly rally since Oct. after global funds boosted ownership of local stocks.
  • International investors raised holdings of domestic shares by $282.9m this month, according to exchange data
  • Rupiah has advanced 2.8% this month to 13,404 per dollar; is steady today
  • USD/IDR 1-month NDF MACD rising above signal line for first time since Jan.
  • Yield on nation’s 8.375% govt bond due Sept. 2026 has fallen 2 bps this month to 8.294%, according to IDMA data
  • Five-year credit-protection for nation declined 6 bps last week to 236 bps, according to CMA data; is little changed from the end of Jan.
  • Indonesia may formalize tax amnesty bill in May, Investor Daily reports
  • Nation to back revisions to anti-graft law: Reuters
  • Lower inflation has allowed Bank Indonesia to cut policy rates twice this year, with another 50 bps cut likely for the rest of 2016, BofAML writes in recent note
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Buy USD/SGD Targeting 1.5000 in Twelve Months, Redward Says

Buy USD/SGD Targeting 1.5000 in Twelve Months, Redward Says

(Bloomberg) -- Singapore dollar looks increasingly vulnerable based on its position in SGD NEER target zone, possibility of USD strength and potential action by the MAS, Peter Redward, principal at Redward Associates, says in an interview.
  • Redward’s short-term indicator model points to SGD over- valuation, with fitted value currently at 1.4367 vs USD
  • SGD model drivers consist of; 5-country proxy USD index, gold prices, MSCI EM Asia index, MOVE index, and USD-SGD 10- year interest rate differential
  • Says U.S. nonfarm payrolls on March 4 may exceed median estimate of 185k if recent improvements in U.S. data continue
  • USD/SGD up 0.2% to 1.4105; earlier touched 3-week high at 1.4119
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Peter Redward (Redward Associates Ltd)

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UUID: 7947283

HALISTER1: RBA PREVIEW: Dovishness to Rise on Fiscal Vacuum, Weaker Capex

RBA PREVIEW: Dovishness to Rise on Fiscal Vacuum, Weaker Capex

(Bloomberg) -- The RBA may increase dovishness in the wake of soft capex last week and signs that Canberra is averse to fiscal stimulus, writes Bloomberg strategist Michael G. Wilson.
  • RBA will leave benchmark rate unchanged tomorrow, according to all 27 economists surveyed by Bloomberg; announcement due at 2:30pm Sydney time
  • With 2016-17 private capex intentions at lowest in 9 yrs, the RBA may may choose to talk the currency lower via a dovish statement
  • Treasurer Morrison damped any expectations for extra spending in a Feb. 17 speech, citing lower tax revenue as commodity prices fall, AFR reported
  • G-20 fiscal pledges over the weekend lacked specifics and have curtailed risk appetite as the week begins; that puts burden back onto the RBA for economic stimulus; at its Feb. 5 meeting, RBA saw “fiscal consolidation over coming years, albeit at a slower pace than previously expected”
  • RBA may be resigned to positioning for an eventual cut; it last month said “the global economy is continuing to grow, though at a slightly lower pace than earlier expected” and flagged China risks Feb. 5
  • Given FX positioning on Aussie, market may be vulnerable to any jawboning from RBA; leveraged funds have smallest Aussie short position in about 2 months
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

(2) *VALEANT WITHDRAWS PRIOR FINANCIAL GUIDANCE; RESCHEDULES 4Q CALL

*VALEANT WITHDRAWS PRIOR FINANCIAL GUIDANCE; RESCHEDULES 4Q CALL

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
VRX CN (Valeant Pharmaceuticals International Inc)
AGN US (Allergan plc)
SLXP US (Salix Pharmaceuticals Ltd)

People
Howard Schiller (Valeant Pharmaceuticals International Inc)
J Pearson (Valeant Pharmaceuticals International Inc)
Laurie Little (Valeant Pharmaceuticals International Inc)
Meghan Gavigan (Sard Verbinnen & Co)
Renee Soto (Sard Verbinnen & Co)

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UUID: 7947283

HALISTER1: *VALEANT SAYS PEARSON TO RETURN AS CEO; INGRAM NAMED CHAIRMAN

*VALEANT SAYS PEARSON TO RETURN AS CEO; INGRAM NAMED CHAIRMAN

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
VRX CN (Valeant Pharmaceuticals International Inc)

People
Howard Schiller (Valeant Pharmaceuticals International Inc)
J Pearson (Valeant Pharmaceuticals International Inc)
Laurie Little (Valeant Pharmaceuticals International Inc)
Meghan Gavigan (Sard Verbinnen & Co)
Renee Soto (Sard Verbinnen & Co)

Topics
Management Changes
Who's News - People

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UUID: 7947283

HALISTER: Jain to Advise Online Lender SoFi After Departing Deutsche Bank

Jain to Advise Online Lender SoFi After Departing Deutsche Bank

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DBK GR (Deutsche Bank AG)
0604939D US (Social Finance Inc)

People
Anshu Jain (Deutsche Bank AG)
John MacK (BKM Capital Partners LP)
Josef Ackermann (Johann Wolfgang Goethe Universitaet)
Juergen Fitschen (Deutsche Bank AG)
Michael Cagney (Social Finance Inc)

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UUID: 7947283

HALISTER: Buffett Fires Lucky-to-Be-American Letter at Gloomy Politicians

Buffett Fires Lucky-to-Be-American Letter at Gloomy Politicians

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BRK/A US (Berkshire Hathaway Inc)
AXP US (American Express Co)

People
Warren Buffett (Berkshire Hathaway Inc)
Bernard Sanders (United States Senate)
Charles Munger (Berkshire Hathaway Inc)
David Rolfe (Wedgewood Partners Inc)
Donald Trump (Trump Hotels & Casino Resorts Inc)

Topics
Bloomberg Politics

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UUID: 7947283