EM LATAM CREDIT: Mexico's Alpek SA (ALPEKA; Baa3/BBB-/BBB-) 1Q Earnings
Apr-23 16:05
"Alpek 1Q Net Income Misses Estimates" - BBG Neutral for spreads * Mexico based polyester and plas...
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US STOCKS: Midday Equities Roundup: Risk-On as Tariffs Turn Targeted
Mar-24 15:46
- Stocks are firmer ahead midday, risk sentiment improving as the Trump administration's universal tariff plans take a narrower focus ahead of the April 2 "Liberation Day" implementation. Currently, the DJIA trades up 550.62 points (1.31%) at 42531.49, S&P E-Minis up 90.25 points (1.58%) at 5808.5, Nasdaq up 343.5 points (1.9%) at 18127.15.
- Consumer Discretionary and Information Technology sectors outperformed in the first half, retail buyers helping Tesla rally over 9%, outperforming other Discretionary sector shares: Deckers Outdoor +5.85%, Darden Restaurants +4.66%, Ralph Lauren Corp +4.16%, Royal Caribbean Cruises+3.95% and DoorDash +3.87%.
- Semiconductor makers buoyed the Tech sector in the first half as AI demand for high performance chips continued: Advanced Micro Devices +6.42%, ON Semiconductor +5.46%, NXP Semiconductors +5.31% and Palantir Technologies +5.21%.
- On the flipside, Utilities and Consumer Staples underperformed ahead midday, water and independent energy providers weighed on the former: AES Corp -1.99%, NextEra Energy -0.75%, American Water Works -0.69% and CenterPoint Energy -0.62%.
- Meanwhile, Consumer Staples weighed by food producers & distributors: Hormel Foods -1.93%, Brown-Forman -1.44%, Kraft Heinz -1.20% and Dollar General -0.85%.
FED: US TSY 13W BILL AUCTION: HIGH 4.190%(ALLOT 78.18%)
Mar-24 15:32
- US TSY 13W BILL AUCTION: HIGH 4.190%(ALLOT 78.18%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 29.14% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 8.23% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 62.63% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.96
FED: US TSY 26W BILL AUCTION: HIGH 4.085%(ALLOT 8.07%)
Mar-24 15:32
- US TSY 26W BILL AUCTION: HIGH 4.085%(ALLOT 8.07%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 20.74% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 5.58% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 73.68% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.27
