Monthly Archives: June 2012

The Dawn Patrol – 29.06.12 – On the Euro 2012 (Germany vs Italy), lots after hours.

Bonjour, Markets to open up after an eventful night at the Summit. Spain and Italy are the clear winners as they obtained what they bargained for and Germany made a huge concession. The Euro/Dollar shot up 1.20% to 1.26 at some point and all Asian markets rallied on the news. Today, Macro eyes will watch […]

The Dawn Patrol – 28.06.12 – On the European Summit. MS and the Growth Scare. GS expects a 25bp ECB cut.

Kalimera, Markets to open up today on expectations of announcements during the European summit which starts today at 15:00. US. Macro eyes will look at German unemployment, Eurozone consumer confidence, US GDP QoQ. And Italy to sell €2.5b 4.75% 2017 bonds and €3bn of 5.5% 2022 bonds (at 11:00). Iliad Raised To Overweight From Underweight […]

The Dawn Patrol – 27.06.12 – On Italy vs Germany, Profit Warnings, Soros, Ray Dalio, Facebook… No strategy but some ratings changes.

Bonjour, Markets to open slightly up, with the SX5E future indicating +0.57% before the EU summit as more and more leaders are becoming vocal on the subject… and no, they don’t seem to agree. Today, we’ll watch the Italian business confidence index, German June CPI, the Italian inflation linked bonds auctions and Standard Chartered Q2 […]

The Dawn Patrol – 26.06.12

Bonjour, Europe set for flat/ slightly higher start. Spain however indic lower after Moodys yest cut long-term debt and deposit ratings for 28 Spanish banks. Focus remains firmly on 2 day meeting of eurozone leaders later this week. Macro eyes on German GfK cons sentiment, French cons confidence + US conference board confidence report. Italian […]

The Dawn Patrol – 25.06.12 – On the European Summit, Germany, Spain. The JPM View, MS on the EU Summit, MS top div players.

Bonjour Europe set for mixed open, with caution prevailing ahead of EU summit Thurs+Fri where its hoped growth compact will be finalised. Possibly involving financing for infrastructure investment + restatement of the agenda for reform. There are also hopes for plan for banking union. Meanwhile, George Soros is calling on Europe to start a fund […]

The Dawn Patrol – 22.06.12 – On Moody’s Downgrade, Spanish Banks, Europe. MS Q&A on the Redemption Fund, Barclays Global Outlook… Bon Week End.

Bonjour Markets to open sharply down today on the banks downgrade, on poor US data (Philly Fed, Citi Suprise Index). Oil prices below $90, a 25% drop since March. Macro eyes will focus on the German IFO for June, and the meeting hosted by Mario Monti with Merkel, Hollande and Rajoy before Germany beats Greek […]

22.06.12 – On the Fed (twist), Europe (bolero), JPMorgan (hustle), China (?). GS prefers their EM basket to the DM one. MS on existing home sales. JPM on EM stocks…

Bonjour, Europe set for slight lower start after Fed extended Twist program and slashed US growth forecasts but did not opt for another round of QE. China manufacturing PMI disappointed at 48.1, after a final reading of 48.4 in May. Further euro area PMI releases due today. Benoit Coeure says ECB will discuss cutting interest […]