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Posted May 29, 2015 by FTM Staff Analyst in NEWS
 
 

Morning Market Update 5/2915

 

Source: finviz

 
Good morning, 

US futures are flat.

· Asia: Japan Nikkei +0.06%, Japan TOPIX +0.05%, China -0.18%, Hong Kong -0.11%, KOSPI +0.19%, Taiwan -0.12%, Australia +1.12%

· EuroStoxx 50 -0.32% 

Source: ESTX50

 

FTSE +0.02%, DAX -0.89%, CAC -0.95%, Italy +0.01%, Spain -0.55%

· USD (DXY) down 0.09%, EUR up 0.23%, GBP down 0.31%, JPY up 0.13%, AUD up 0.07%
· Gold up 0.09% to $1,189.50

· Silver up 0.43% to $16.74

· Copper down 0.04% to $276.65

· WTI Crude up 1.37% to $58.47

· Brent Crude up 1.05% to $63.24

· Natural Gas up 0.18% to $2.71

· Corn up 0.71% to $3.56/bu

· Wheat down 0.56% to $4.86/bu

· Treasuries 2s yields are unch at 0.629%, 10yr yields are down ~1.4bps at 2.121% and 30yr yields are down ~2.1bps at 2.866%

· Sov CDS Japan +1.00bps, France -0.58bps, Germany -0.92bps, Ireland -0.35bps, Italy +0.74bps, Spain +0.66bps

· Japan 10yr yields 0.383%, down ~0.7bps on the day

· France 10yr yields 0.801%, down ~3.4bps on the day

· Italy 10yr yields 1.834%, down ~2.7bps on the day

· Spain 10yr yields 1.813%, down ~1.7bps on the day

· Germany 10yr yields 0.495%, down ~3.2bps on the day

STOCKS

Tech M&A – Bloomberg thinks M&A volumes in tech will rise further. The AVGO/BRCM deal may be the biggest in tech history but Bloomberg anticipates more. INTC is close to buying ALTR. MSFT apparently seriously considered a CRM bid. HPQ eyed a takeover of EMC last year. INTC, QCOM, ALTR, ADI, MXIM, TXN, and MCHP are all considering deal opportunities. TWTR is a potential target for GOOG.

CHECK OUT ABOVE MENTIONED STOCKS TO SEE HOW ANALYSTS ARE RATING THEM AND THEIR TARGET PRICE.

FTM Staff Analyst

 


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