2022-05-11 07:45:01 $ECON Economic Data
05/11/22 05/1107:45 05/11/2207:45 | Treasury Action: Treasuries have continued to richenTreasury Action: Treasuries have continued to richen with yields down sharply, in tandem with global bonds, even as equities rally and ahead of the much awaited CPI report. Hawkish ECBspeak was shrugged off too. It appears corrective momentum in oversold markets is supporting, with some beliefs inflation may be topping out and that central banks will not be as aggressive on the rate hike front as earlier feared. The wi 10-year Treasury rate is 7 bps lower at 2.915% and the 2-year is off 3.3 bps at 2.58%. The curve has bull flattened 4 bps to 33 bps. European yields are lower as well with the Bund and Gilt down over 3 bps to 0.967% and 1.81%, respectively. Italy's BTP is outperforming and is 8.8 bps lower at 2.908%. The market Asian bonds were mostly lower too with the Korean 10-year note plunging 14.6 bps to 3.237%. Equities are firmly in the green with U.S. futures posting gains of 1.45% on the NASDAQ, 1.15% on the S&P 500, and 0.9% on the Dow. European bourses are over 1% higher with the DAX 1.30% firmer, the CAC 40 1.9% higher, and the FTSE gaining 1.06%. Asian stocks closed in the green with the CSI rising 1.44%, while the Hang Seng rallied 0.97%. The Nikkei lagged with a 0.18% gain. Along with the CPI report, there is the Treasury budget and oil inventories. The MBA purchase index jumped2.0%. There is also a 10-year auction and Fedspeak from Bostic. |
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Periodicals
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Tesla's sales of China-made EVs up 10% y/y in January, Reuters reports »
05:44 02/03/23 02/0305:44 02/03/2305:44
TSLA
Tesla
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Stifel downgrades C.H. Robinson to Hold after 'sizable miss' »
05:43 02/03/23 02/0305:43 02/03/2305:43
CHRW
C.H. Robinson
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RBC downgrades Spirit AeroSystems on supply chain issues »
05:40 02/03/23 02/0305:40 02/03/2305:40
SPR
Spirit AeroSystems
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Publicis upgraded to Overweight from Equal Weight at Barclays »
05:24 02/03/23 02/0305:24 02/03/2305:24
PUBGY
Publicis
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C.H. Robinson downgraded to Hold from Buy at Stifel »
05:22 02/03/23 02/0305:22 02/03/2305:22
CHRW
C.H. Robinson
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Sallie Mae downgraded to Equal Weight from Overweight at Wells Fargo »
05:20 02/03/23 02/0305:20 02/03/2305:20
SLM
Sallie Mae
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Cognizant downgraded to Neutral from Outperform at Baird »
05:19 02/03/23 02/0305:19 02/03/2305:19
CTSH
Cognizant
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Lundin Mining upgraded to Overweight from Equal Weight at Morgan Stanley »
05:19 02/03/23 02/0305:19 02/03/2305:19
LUNMF
Lundin Mining
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Aptiv downgraded to Peer Perform from Outperform at Wolfe Research »
05:16 02/03/23 02/0305:16 02/03/2305:16
APTV
Aptiv
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Meta Platforms upgraded to Hold from Sell at DZ Bank »
05:13 02/03/23 02/0305:13 02/03/2305:13
META
Meta Platforms
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ING Groep downgraded to Hold from Buy at Societe Generale »
05:13 02/03/23 02/0305:13 02/03/2305:13
ING
ING Groep
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Kesko downgraded to Hold from Buy at Danske Bank »
05:12 02/03/23 02/0305:12 02/03/2305:12
KKOYY
Kesko
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EMS-Chemie upgraded to Buy from Hold at Kepler Cheuvreux »
05:11 02/03/23 02/0305:11 02/03/2305:11
EMSHF
EMS-Chemie
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Insurance Australia downgraded to Neutral from Overweight at JPMorgan »
05:11 02/03/23 02/0305:11 02/03/2305:11
IAUGY
Insurance Australia
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Cardinal Health upgraded to Outperform from Neutral at Baird »
05:09 02/03/23 02/0305:09 02/03/2305:09
CAH
Cardinal Health
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Spirit AeroSystems downgraded to Sector Perform from Outperform at RBC Capital »
05:08 02/03/23 02/0305:08 02/03/2305:08
SPR
Spirit AeroSystems
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Boeing downgraded to Sector Perform from Outperform at RBC Capital »
05:08 02/03/23 02/0305:08 02/03/2305:08
BA
Boeing
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Travel + Leisure downgraded to Hold from Buy at Jefferies »
05:06 02/03/23 02/0305:06 02/03/2305:06
TNL
Travel + Leisure
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Hilton Grand Vacations downgraded to Hold from Buy at Jefferies »
05:05 02/03/23 02/0305:05 02/03/2305:05
HGV
Hilton Grand Vacations
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Hot Stocks
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Volvo CFO Tina Hultkvist to resign »
05:02 02/03/23 02/0305:02 02/03/2305:02
VLVLY
Volvo
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Qudian regains compliance with NYSE »
05:00 02/03/23 02/0305:00 02/03/2305:00
QD
Qudian
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Vodafone downgraded to Sell from Buy at DZ Bank »
04:56 02/03/23 02/0304:56 02/03/2304:56
VOD
Vodafone
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Telia downgraded to Underperform from Market Perform at Bernstein »
04:56 02/03/23 02/0304:56 02/03/2304:56
TLSNY
Telia
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Conference/Events
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Oppenheimer healthcare analysts hold an analyst/industry conference call »
04:55 02/03/23 02/0304:55 02/03/2304:55
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Conference/Events
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Cantor Fitzgerald biotech analysts to hold analyst/industry conference call »
04:55 02/03/23 02/0304:55 02/03/2304:55
DNLI
Denali Therapeutics
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