BRAZIL: Mines & Energy Minister Silveira Sees Good News On Fuel Prices Soon

Apr-17 10:35

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* Mines and Energy minister Alexandre Silveira said yesterday that there will be good news on fuel...

Historical bullets

CROSS ASSET: Equities Off Highs & Bonds Off Lows

Mar-18 10:30

Bonds tick away from lows and equities edge away from highs in recent trade.

  • The downtick in equities started a little before the disappointing ZEW current situation reading (which was accompanied by a slightly larger-than-expected jump in the expectations component, driven by the German fiscal sea change).
  • A continued rally in oil limits the recovery.
  • BBG source reports/headlines surrounding Russian demands re: a Ukrainian ceasefire aren’t particularly surprising/market moving.

EGBS: Bund ratio put fly

Mar-18 10:25

RXJ5 127/126.5/125.5p fly 1x2x0.5, bought for -1 in 4k.

LOOK AHEAD: Tuesday Data Calendar: House Starts/Permits, Import/Export Prices

Mar-18 10:25
  • US Data/Speaker Calendar (prior, estimate) 
  • 18-Mar 0830 Housing Starts (1.366M, 1.385M), MoM (-9.8%, 1.4%)
  • 18-Mar 0830 Building Permits (1.473M, 1.453M), MoM (-0.6%, -1.4%)
  • 18-Mar 0830 Import Price Index MoM (0.3%, 0.0%), YoY (1.9%, 1.6%)
  • 18-Mar 0830 Export Price Index MoM (1.3%, -0.1%), YoY (2.7%, --)
  • 18-Mar 0830 New York Fed Services Business Activity (-10.5, --)
  • 18-Mar 0915 Industrial Production MoM (0.5%, 0.2%)
  • 18-Mar 0915 Capacity Utilization (77.8%, 77.8%), Mfg (-0.1%, 0.3%)
  • 18-Mar 1130 US Tsy $48B 52W & $70B 6W bill auctions
  • 18-Mar 1300 US Tsy $13B 20Y Bond reopen (912810UJ5)