FinSentS Weekly Recap

Weekly Review of Headlines
● ECB’s Nowotny: Too Early To Say We Have Reached A Turning Point – CNBC

ECB inflation projections released on Thursday were revised upwards for 2016 to 0.2 percent from 0.1 percent, but inflation projections for 2017 and 2018 remained unchanged at 1.3 percent in 2017 and 1.6 percent in 2018…Read More

● British Funding Scheme Fails To Boost Business Lending – RTRS

Britain’s scheme to encourage banks to make more credit available to households and businesses failed to significantly boost lending in the first quarter of this year, data showed, amid concerns about a slowdown in the economy…Read More

● US Stock Futures Drop As Investors Stay Stuck In A Waiting Game – MarketWatch

The Federal Reserve’s Beige Book, a collection of anecdotes about the economy, indicated that most districts were seeing only moderate performance and that consumer spending and employment posted mostly modest growth.

● US Treasury to press China on yuan policy, economic rebalancing – Rtrs

China’s yuan has slid in recent weeks to near five-year lows against the dollar amid weak factory data and market expectations that the Federal Reserve is preparing to raise interest rates in June or July.

● Japan PM Abe Postpones Tax Rise After Warning Of Economic Slump – Guardian

Abe reportedly told senior members of the Liberal Democratic party (LDP) that an increase planned for next April in the consumption, or sales tax, from the current 8% to 10%, would be delayed until October 2019.

● Oil Set For Longest Run Of Gains In 5 Years Before OPEC Meeting – BBG

Oil capped the longest run of monthly gains in five years as a spate of disruptions curb supply before OPEC meets Thursday to discuss production policy.

● Citi/YouGov survey shows UK inflation expectations falling – Rtrs

The monthly Citi/YouGov survey found inflation expectations for the year ahead fell to 1.5 percent from 1.6 percent in April. Expectations for inflation over the next five to 10 years was steady at 2.8 percent.

● OPEC Sees Sharp Drop In Non-OPEC Output In 2016 – MarketWatch

In the opening address for its bi-annual meeting in Vienna, Qatar’s oil minister Mohammed Bin Saleh Al-Sada said 2016 supply forecasts for non-OPEC output has been revised down and the cartel now anticipates a contraction of 740,000 barrels per day this year.

● German yields fall as Brexit jitters lift demand for safe-haven bonds – Rtrs

Euro zone bond yields had edged up earlier in the day as data showed deflation eased in May, paving the way for the European Central Bank to revise its consumer price growth forecasts upward this week for the first time in a year.

● Iron Ore At Risk Of Losing All Of 2016’s Gains As Slump Deepens – BBG

The raw material has been whipsawed this year as signs of a demand revival in China spurred a speculative rally that lifted prices in the three months to April.

 

Stock Information
● $TWC

US Farewell Time Warner Cable: Charter Spectrum has arrived #TIME WARNER CABLE INC #SP500 More Details

● $AKE

FP Arkema S.A. (ARKAY) Stock Rating Upgraded by BNP Paribas #ARKEMA #STOXX600 More Details

● $AAPL

US Some Apple services resume after outage #APPLE INC #SP500 More Details

● $700

HK Didi Turns a Profit in More Than Half Its Cities #TENCENT HOLDINGS LTD #APEX50 More Details

● $HTLD

US Heartland Express, Inc. (HTLD) Earns Outperform Rating from Wedbush #HEARTLAND EXPRESS INC #NASDAQ More Details

● $OCBC

SP Singapore stocks open slightly lower after cautious US trading #OVERSEA CHINESE BANKING #APEX50 More Details

● $SBUX

US Starbucks releases two new iced beverages to keep you cool this summer #STARBUCKS CORP #NASDAQ More Details

● $ASX

AU Brokers say buy these 2 ASX shares for their huge dividends #ASX LTD #ASX2000 More Details

● $INF

LN Informa Plc (INF) Price Target Raised to GBX 690 at BNP Paribas #INFORMA #STOXX600 More Details

● $GLEN

LN 08:20 CET Glencore expands Australia bunker fuel business #GLENCORE INTERNATIONAL PLC #LDN100 More Details

 

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