Halister News

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News.

• Existing Homes 5.55m; range 5.42m to 5.73m (71 estimates)
• Existing Homes -0.36% m/m; range -2.69% to 2.87% (71 estimates)
• • "Longer-term prospects for housing could be compromised if the Fed pursues an aggressive tightening approach, such as the one outlined by the FOMC at its June meeting. Economic growth remains fully dependent on consumers; rapidly rising rates could hurt interest-rate sensitive sectors such as housing": Bloomberg Intelligence
  • In April, existing home sales declined 2.3 percent from a month earlier to 5.57 million at an annual rate; the inventory of available properties registered the 23rd consecutive year-over-year decline

(Bloomberg) -- Intesa’s board of directors is available to buy certain assets and liabilities of Banca Popolare di Vicenza and Veneto Banca, lender says in statement.

• Purchase conditional on transaction is fully neutral on Common Equity Tier 1 ratio and dividend policy of Intesa
• Bank available to acquire a segregated scope which excludes NPLs, high-risk performing loans and subordinated bonds issued, as well as shareholdings and other legal relationships that Intesa does not consider functional to the acquisition
• Says transfer of the assets and liabilities, if finalised, will be against a token payment

Link to Statement:Link

(Bloomberg) -- Dietmar Hornung, associate managing director at Moody’s Investors Service, says at a panel at Euromoney conference in London on Wednesday. 

• “France has a big opportunity now. From a credit perspective we would hope that France can deliver a Macron moment like the U.K. had it’s Thatcher moment,” he says. “That’s something that has been missing in France”
• Hornung says the euro area cannot tolerate big policy missteps
  • “The volatility of electoral outcomes is a bit concerning”

--With assistance from Anchalee Worrachate. To contact the reporters on this story: Stefania Spezzati in London at sspezzati@bloomberg.net; John Ainger in London at jainger@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Neil Chatterjee