News Headline Summary

RANsquawk - Today's Trading Edge

NEWS: Zhone (ZHNE) initiated with a buy at Sidoti
REACTION: In an immediate reaction ZHNE shares rose 2.8% from USD 4.11 to USD 4.23

NEWS: Symantec (SYMC) are in the process of hiring JPMorgan for strategic advice and potential activism defence, according to sources
REACTION: In an immediate reaction SYMC shares rose 3.2% from USD 20.06 to USD 20.70.

NEWS: American Apparel (APP) holder FiveT Capital reports an 11.54% stake in the company
REACTION: In immediate reaction co. shares gained 3.0% in a move higher from USD 0.49 to USD 0.505, before quickly paring

NEWS: Rambus (RMBS) downgraded to neutral from buy at Sidoti
REACTION: In the immediate reaction, RMBS shares fell 1.3% from USD 11.42 to USD 11.27

NEWS: Holcim (HOLN VX) and Lafarge (LG FP) confirm they are in advanced merger talks
REACTION: In the immediate reaction, HOLN VX shares rose 2.2% from CHF 78.00 to CHF 79.76 as LG FP shares rose 3.4% from EUR 61.59 to EUR 63.65

NEWS: Positive for CVD Equipment (CVV), Samsung announces a major breakthrough to speed the commercialization of graphene; CVDGraphene is a seen as a big beneficiary from Samsung
REACTION: In the immediate reaction, CVV shares rose 2.7% from USD 15.18 to USD 15.60

NEWS: ECB's Constancio says doesn't know about EUR 1trl QE model report. Analysts immediately added that this contradicted German press reports seen just half an hour previously
REACTION: In the immediate reaction, EUR/USD rose 26 pips from 1.3671 to 1.3697 as DAX futures fell 19 points from 9730.50 to 9711.50 and Jun-14 Bund futures fell 15 ticks from 143.55 to 143.40

NEWS: ECB has modelled bond purchases up to EUR 1trl, according to FAZ and shows inflation could be boosted by a range from 0.2% to 0.8%. Analysts immediately highlighted that this topic had been discussed in little detail at the previous day’s ECB press conference, and these reports provided further detail to suggest the central bank are seriously considering such an option.
REACTION: EUR/USD fell 39 pips from 1.3715 to 1.3676 in the immediate reaction as Jun-14 Bund futures rallied 23 ticks from 143.22 to 143.45 over the same time period. The Spanish IBEX-35 rose 0.5% from 10,630 to 10,685 in tandem. The Euribor curve bull-flattened, with Dec-14 Euribor spiking 1.5 ticks from 99.710 to 99.725 in the immediate reaction

NEWS: Holcim (HOLN VX) and Lafarge (LG FP) said to be in talks to merge to create the largest cement company in the world
REACTION: In the immediate reaction, LG FP shares rose 7.2% from EUR 60.22 to EUR 64.57 as HOLN VX shares rose 4.7% from CHF 75.47 to CHF 79.01. Analysts immediately pointed to sector-related names Italcementi (IT IM), who rose 2.1% from EUR 9.31 to EUR 9.50 and HeidelbergCement (HEI GY) rose 3.1% from EUR 64.10 to EUR 66.07

NEWS: The Russian Finance Ministry says it is to buy RUB 3.5bln worth of foreign currency per day
REACTION: In the immediate reaction, USD/RUB fell 213 pips from 35.4434 to 35.4224

NEWS: Bouygues (EN FP) substantially improves its offer for Vivendi's (VIV FP) SFR unit, by increasing the cash element of the offer by EUR 1.85bln to EUR 15bln
REACTION: EN FP shares rallied 2.75% in the immediate reaction, rising from EUR 29.92 to EUR 30.75 as VIV FP shares spiked 1.3% from EUR 20.39 to EUR 20.66

NEWS: Turkish PM Erdogan says thinks central bank are to hold an extraordinary meeting as the central bank needs to cut interest rates soon
REACTION: In the immediate reaction, USD/TRY rose 111 pips from 2.1353 to 2.1464

04 Apr 2014 - 20:57 - Fixed Income Bank Speaker - Source: RANsquawk

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