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

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

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Trade Balance -46.3b; range -47.5b to -44.9b (61 estimates)
    • "The May advance trade in goods report recently indicated that the trade gap in 2Q may be narrower than what had been implied by just one month of data in the full report for trade in goods and services in April. Yet, the latest results still show trade is unlikely to add to growth": Bloomberg Intelligence
  • Initial Claims 243k; range 230k to 250k (41 estimates)
  • Cont. Claims 1940k; range 1925k to 1950k (6 estimates)
    • "Businesses continue to scramble to find workers (skilled or unskilled) amid strengthening aggregate demand": Bloomberg Intelligence
    • Jobless claims remain near a 44-year low of 227,000 set in February

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: ADP Employment Report Due in 5 Minutes

U.S. ECO PREVIEW: ADP Employment Report Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s ADP release as compiled by Bloomberg News.
  • ADP 188k; range 140k to 250k (42 estimates)
  • "The ADP employment report recently indicated a significant acceleration in job growth in goods producing industries; the sector’s 6-month average job growth reached the highest level in this business cycle and matched the April 2006 peak": Bloomberg Intelligence
  • In May, the ADP report registered an increase of 253,000, more than the prior month

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: *LIBERTY INTERACTIVE BUYS REMAINING STAKE IN HSN INC

*LIBERTY INTERACTIVE BUYS REMAINING STAKE IN HSN INC

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
HSNI US (HSN Inc)
QVCA US (Liberty Interactive Corp QVC Group)
LVNTA US (Liberty Ventures)

People
Gregory B Maffei "Greg" (Starz Acquisition LLC /CO)
Michael A George "Mike" (National Constitution Center)
Rod Little (HSN Inc)

Topics
Holding Increases

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UUID: 7947283

HALISTER1: *SANTANDER IS SAID TO SEEK $5.7BN FOR 51% OF BANCO POP. ASSETS

*SANTANDER IS SAID TO SEEK $5.7BN FOR 51% OF BANCO POP. ASSETS

--NEIL CALLANAN

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SAN SM (Banco Santander SA)
APO US (Apollo Global Management LLC)
POP SM (Banco Popular Espanol SA)
BX US (Blackstone Group LP/The)
71194Z US (Lone Star Global Acquisitions Ltd)

Topics
Key Comm. Real Estate News

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UUID: 7947283

HALISTER1: BUND ALERT: Yield Tests 51 BPs Resistance, Setting Up 69 BPs

BUND ALERT: Yield Tests 51 BPs Resistance, Setting Up 69 BPs

(Bloomberg) -- German 10y yield surging past the previous year-to-date high at 51bps, which opens up the 200-week moving average at 69bps, Bloomberg technical analyst Sejul Gokal writes.
  • German 10y yield +6bps to 53bps, highest in 17 mos. (see live chart)
  • Yield up 30bps since June 23 low at 23bps
  • Intermediate yield resistance at 58bps, the 61.8% Fibonacci of 2015-2016 bund rally
  • German 2/10 curve bear steepens by 5bps tp 112bps
    • NOTE: July 3, Bund Curve Faces Q3 Widening Risk on Strong Outside Week Pattern
  • Bonds across Europe fell after the results of a French debt auction were published, which showed a drop in demand for French 30-year debt
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283