Derivati USA: CME-CBOT-NYMEX-ICE Tbond,Tnote,Bund&CO-giu/lug2006: fuga dai Bonds (vm18) (2 lettori)

[gipa69]

U.S. stock futures gain on ATI, HCA takeovers
Mon Jul 24, 2006
By Jennifer Coogan

NEW YORK, July 24 (Reuters) - U.S. stock index futures suggested a higher market open on Monday as several takeover deals looked likely to help stocks bounce back from Friday's declines and kick off a busy earnings week on a high note.

Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research), the No. 2 supplier of computer processors, said on Monday it would acquire graphics chip maker ATI Technologies Inc. (ATYT.O: Quote, Profile, Research) (ATY.TO: Quote, Profile, Research) for $5.4 billion in cash and stock. For details, see [ID:nN24282278].


ATI shares shot up 15.9 percent to $19.20, while AMD stock fell 6.1 percent to $17.15, both on the Inet electronic brokerage system.

In addition, Hospital operator HCA Inc. (HCA.N: Quote, Profile, Research) is close to an agreement to be acquired by an investor group for about $21 billion, sources familiar with the situation said on Sunday. [ID:nN23277499]

"The fact that M&A Monday continues is basically an indication that corporations feel good about economic activity going forward even though a slowdown is in sight," said Peter Cardillo, chief market analyst and chief strategist at SW Bach and Co. "They're still putting their cash to use."

S&P 500 futures <SPc1> were up 4.3 points, above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures <DJc1> rose 30 points, and Nasdaq 100 <NDc1> futures were up 6 points

Drug maker Schering-Plough Corp. (SGP.N: Quote, Profile, Research) reported a second-quarter profit that beat analysts' forecasts on sharply higher sales of its cholesterol drugs [ID:nN24328674]. Rival Merck & Co. (MRK.N: Quote, Profile, Research) reported earnings that also handily beat Wall Street's expectations. Merck also raised its full-year profit forecast. [ID:nWEN1728]

Schering shares were up 3.9 percent to $20.20, while Merck stock edged up 1.7 percent to $37.99 on Inet.

Other companies set to report earnings include American Express Co. (AXP.N: Quote, Profile, Research) and Texas Instruments Inc. (TXN.N: Quote, Profile, Research).

Earnings expectations for the second quarter have edged higher in the past few weeks. Reuters Estimates projects S&P 500 earnings grew 10 percent in the second quarter, up from an expectation of 9.2 percent last week.


Oil futures fell in electronic trading, pushed lower by diplomatic efforts to resolve the conflict in the Middle East, but fighting still raged in the region. U.S. Secretary of State Condoleezza Rice flew to Beirut on Monday and called for an international conference to be held in Rome to discuss plans for a cease-fire and a possible deployment of foreign troops.

"The geopolitical concern seems to be taking a back seat," Cardillo said. "There's hope that this week's conference in Rome may produce a solution, and that it so far hasn't escalated to the point where the whole region has ignited is dampening oil and gold and strengthening the dollar and equities."

 

[gipa69]

UPDATE 3-Copper rallies on Escondida, pares Friday losses
Mon Jul 24, 2006 By Clare Black

LONDON, July 24 (Reuters) - Copper prices rallied on Monday, buoyed by concerns about supply disruptions in Chile and a technical rebound after being knocked down more than 12 percent last week on worries over slowing economic growth.

In open outcry trading on the London Metal Exchange, copper futures <MCU3> rose $175, or 2.5 percent, to $7,210 a tonne, partially recouping some of last week's decline.


"The force of selling has been overdone in the past few days and the market is looking oversold at this point," Peter Richardson, chief metals economist at Deutsche Bank, said.

Thin, summer trading conditions contributed to the wide price swings, analysts said.

"What is sometimes hard to understand these days is that, a $500 fall for copper, although seemingly large, does not signify the end of the bull run," Standard Bank said in a daily note.

Prices peaked at an all-time high of $8,800 in May and are still up 66 percent since the end of last year.

Macquarie Investment Bank said the recent sell-off in copper saw reductions in open interest, suggesting long liquidation, possibly by funds reducing risk appetite and securing gains.

Copper prices fell as low as $6,410 in mid-June and have been hit more recently again as fears resurfaced of a slowdown in global economic growth.

"The rebound in prices through much of July has been accompanied by rising open interest, with funds focusing on the continuing tightness in physical availability, rather than fear about future growth," the bank said in a weekly note.

But the market was keeping a close eye on developments at Chile's Escondida, the world's biggest copper mine.

"Copper was down 12 percent last week, and it looked oversold so when people came in and saw the situation at Escondida hadn't improved they covered back," UBS analyst Robin Bhar said.


Workers at Escondida were not optimistic about a new contract offer from the company and said they are prepared to vote on a strike this week.[ID:nN23285362].

"The unions are playing it very, very tough. They are not being flexible at all. Other mine workers are waiting to see what happens at Escondida. This could set a benchmark for other negoatiations," a trader said.

Bhar noted in addition to Escondida, pay talks were also continuing at the Antamina facility in Peru.

"You have two big mines in South America that are having labour talks. Trying to push copper lower with two big threats to supply is foolish," he said.

NICKEL STOCKS FALL AGAIN

Nickel <MNI3> also stabilised after sharp falls last week as critically low stocks fell again on Monday to 5,488 tonnes. With cancelled warrants, or stocks earmarked for delivery, at 3,678 tonnes, just 1,770 tonnes are available. Global nickel demand runs at around 3,500 tonnes per day.

Nickel prices rose 3.2 percent to $24,350 a tonne and the premium of the cash contract over futures rose to $2,800 a tonne. Nickel futures peaked at a record $26,850 last Monday, but then slid 15 percent two days later.

Canadian nickel miner Inco (N.TO: Quote, Profile, Research)MN.N> on Sunday announced a 2006 earnings outlook that trounces even the most optimistic Wall Street estimates, citing nickel prices that have risen sixfold from cyclical lows in 2001. [nN23289970].


The miner is competing with Swiss based Xstrata Plc (XTA.L: Quote, Profile, Research) for rival Falconbridge Ltd, but is itself the target of a hostile bid by Teck Cominco Ltd (TCKb.TO: Quote, Profile, Research) (Additional reporting by Alfred Cang in Shanghai, Jae Hur in Singapore and Nick Trevethan in London)

 

[gipa69]

ehmm
ok, stobbuono

solo un chiarimento
why pekkè un coltello 'svedese'?
un fiammifero , solo da uno svedese
una lama, solo da Hattori Hanzo

E' la corrente death nordica che lo sta permeando:
speriamo che no stia ascoltando gli "Impaled Nazarene" se no stiam nei guai!!

 

[gipa69]

Troppi indici su livelli importanti per non rimbalzare....
ora attendiamo proseguio.


U.S. stocks jump as earnings beat forecasts
Mon Jul 24, 2006 By Jennifer Coogan

NEW YORK, July 24 (Reuters) - U.S. stocks rose sharply on Monday as stronger-than-expected earnings from major drug companies helped pharmaceutical stocks and several big takeover deals boosted the market.

Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research), the No. 2 supplier of computer processors, said on Monday it would acquire graphics chip maker ATI Technologies Inc. (ATYT.O: Quote, Profile, Research) (ATY.TO: Quote, Profile, Research) for $5.4 billion in cash and stock. For details, see [ID:nN24282278].


ATI shares shot up 17.2 percent to $19.40, while AMD stock fell 4.7 percent to $17.40.

In addition, hospital operator HCA Inc. (HCA.N: Quote, Profile, Research) agreed on Monday to be bought by an investor group for about $21 billion, in one of the biggest leveraged buyouts in history. [ID:nN24248795]

Kicking off a busy earnings week on a high note were drug makers Merck & Co. (MRK.N: Quote, Profile, Research) and Schering-Plough Corp. (SGP.N: Quote, Profile, Research), which both reported earnings that beat analysts' estimates.

"There are some good earnings out there and some of them are unexpected, especially the drug companies. These are big names where expectations were not very high. It's not just the numbers, but also the forecasts sound promising," said Richard Sichel, who oversees $1.5 billion as chief investment officer of Philadelphia Trust Co. "That could lead to more interest in some of these big, old names."

Schering-Plough reported second-quarter profit rose on sharply higher sales of its cholesterol drugs [ID:nN24328674]. Rival Merck raised its full-year profit forecast after quarterly profit doubled. [ID:nN24338487]

Schering shares were up 4.4 percent to $20.23, while Merck stock edged up 2.8 percent to $38.42.

HCA reported its quarterly net profit declined on a rising toll of unpaid medical bills, missing analysts' estimates, but HCA shares rose on the buyout news, climbing 4.2 percent to $49.90. [ID:nWEN1754]

Other companies set to report earnings include American Express Co. (AXP.N: Quote, Profile, Research) and Texas Instruments Inc. (TXN.N: Quote, Profile, Research).

Reuters Estimates said of the 158 S&P 500 companies that have reported second-quarter earnings as of Friday, 71.5 percent exceeded forecasts.


Oil futures fell on diplomatic efforts to resolve the conflict in the Middle East, but fighting still raged in the region. U.S. Secretary of State Condoleezza Rice flew to Beirut on Monday and called for an international conference to be held in Rome to discuss plans for a cease-fire and a possible deployment of foreign troops.

"The geopolitical concern seems to be taking a back seat," said Peter Cardillo, chief market analyst and chief strategist at SW Bach and Co. "There's hope that this week's conference in Rome may produce a solution, and that it so far hasn't escalated to the point where the whole region has ignited is dampening oil and gold and strengthening the dollar and equities."

 

[f4f]

Troppi indici su livelli importanti per non rimbalzare....
ora attendiamo proseguio.

."

aaaah
ecco perchè mi stanno a fà nero

 

[gipa69]

per l'odierno siamo su punto cruciale.... (cash) spoore

 

[gipa69]

Andato al rialzo e bang

 

[f4f]

Andato al rialzo e bang

bang è la parola

 

[Fleursdumal]

sto tirando i piedi al T-bronx come non mai ma ancora non mi si produce nel discesone

lo spread S&Pmib/eu50xx ha subito un calo straordinero da +20 a -18 segno bullish

sullo sp500 rinculo su r2 direi gipa , azzo negare sto popò di rialzo in intraday sarà difficile farlo a meno che i merikani non siano in vena di scherzacci pesanti

 

[gipa69]

Oggi ho sbagliato parecchio pur avendo capito il movimento in quanto lo pensavo molto più debole.
Retest del massimo odierno.