BRAZIL: President Lula Appoints New Communication Minister

Apr-24 16:36
  • President Lula has appointed a new Communications Minister, according to a post he has made on X [Translated]:
    • "I appointed and swore in engineer Frederico de Siqueira Filho as Minister of Communications this morning. Frederico was the director of Telebrás and his nomination by União Brasil was presented to me yesterday by the President of the Senate,@davialcolumbre, the former minister @DepJuscelino and the party leader in the House, @depPedroLucasF, in a meeting attended by the Minister of Institutional Relations,@gleisi."

Historical bullets

US STOCKS: Midday Equities Roundup: Media & Software/Hardware Names Outperform

Mar-25 16:33
  • Stocks are trading near steady (SPX Eminis) to mildly mixed at midday, tech-heavy Nasdaq outperforming. Currently, the DJIA trades down 51.47 points (-0.12%) at 42531.34, S&P E-Minis up 1.5 points (0.03%) at 5816.5, Nasdaq up 33.1 points (0.2%) at 18220.65.
  • Communication Services and Information Technology sectors outperformed in the first half, interactive media and entertainment names supporting the former with Netflix +2.01%, Fox Corp +2.01%, Interpublic Group +1.99%, Omnicom Group +1.49% and Meta Platforms +1.21%.
  • Software & hardware makers led gainers in the IT sector for a change, Crowdstrike Holdings +3.41%, Adobe +2.27%, Enphase Energy +2.19%, Cognizant Technology Solutions +2.08% and Autodesk +1.49%.
  • On the flipside, Energy and Real Estate sectors underperformed in the first half, Vistra Corp -3.08%, Public Service Enterprise -3.02%, Dominion Energy -2.80% and FirstEnergy Corp -2.74% weighed on the Energy sector.
  • Meanwhile, specialized REITs weighed on the Real Estate sector with Crown Castle -3.83%, Iron Mountain -2.71%, Digital Realty Trust -1.93% and SBA Communications -1.66%.

OPTIONS: Larger FX Option Pipeline

Mar-25 16:16
  • EUR/USD: Mar27 $1.0750(E1.3bln), $1.0800(E1.9bln), $1.0820-25(E1.3bln), $1.0850-65(E1.9bln); Mar28 $1.0700(E1.1bln), $1.0800(E2.2bln)
  • USD/JPY: Mar28 Y151.00($1.2bln)
  • EUR/GBP: Mar31 Gbp0.8360-70(E1.1bln)
  • USD/CAD: Mar28 C$1.4145-50($1.2bln)

EURIBOR OPTIONS: Call Spread Unwind

Mar-25 16:12

ERM5 97.875 / 98.00 call spread, sold for 4 in 10k. Market contact suggests this is an unwind of an existing position.