Halister News

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

• Dallas Fed 17; range 15 to 18 (8 estimates)
• • Index has been positive last six months after only one nominally positive reading in the prior 21 months
  • "Little change expected this month:" Wrightson

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

• Chi Fed NAI 0.5; range -0.1 to 0.75 (5 estimates)
• • Index has alternated positive and negative in recent months. "Back into mildly negative territory in March": Wrightson

(Bloomberg) -- Notable moves in OAT market have sent futures and France-Germany 10-year yield spread near key equilibrium levels that may drive tactical reversal in post-French vote reaction, Bloomberg technical analyst Sejul Gokal writes.

• See chart here
• OAT1 topside gap and high at 149.90 close to the YTD high and 200-DMA at 150.08-12; levels could still come into play in a last gasp move before potential accumulation of overbought reversal sessions
  • 9-day RSI tests multi-mo. highs at ~81
• OAT-Bund spread narrowed to 48bps vs. 64bps Fri. close
  • 200-DMA at 45bps could limit further spread compression as oversold conditions warrant corrective unwind
• As a risk factor, watch out for any consecutive daily breaks of the longer-term average line which should indicate strong behavioral change in OATs; such development should override current overbought market warnings

• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

(Bloomberg) -- Co. confirms it received a third unsolicited and conditional proposal from PPG.

• Board of Management and Supervisory Board will carefully review and consider this proposal
• NOTE (Earlier): PPG Sweetens Unsolicited Offer for Akzo Nobel to $28.8 Billion

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