Cyrrus (Cyrrus)
Markets  |  August 07, 2012 10:10:48

Breakfast-stock 7.8 - Merkel supports ECB, Monti and Rajoy pressing on the ECB's macro results

Overview of major events for Tuesday, the 7th August 2012




The growth of Asian markets for Europe


Merkel supports the ECB's intervention on the secondary market


Muenchener Pfizer



Upcoming Events

10:00 Italy Industrial Production
11:00 Italy 2Q GDP
12:00 Germany corporate orders

First Energy Corp. (the market)
CVS Caremark (before market)
XL Group (after market)
PG & E


  • The growth of Asian markets for Europe



  • Yesterday the ECB endorsed a plan to buy government bonds of countries at risk in the secondary market
  • Again, the ECB is a little closer to once again entered the secondary market

Italy, Spain

  • Monti pushing for the ECB to take action on the secondary market of government bonds
  • It mentions the risk of collapse area
  • Monti (Italy PM) and Rajoy (PM Spain) waiting with possible applications to bailout out plan which draw ECB (vicious circle)
  • Hollande is being urged to Rajoye Monti and to take the overall bailout, because the current uncertainty may threaten France in the bond market
  • Today, Draghi said to meet with Monti (secret meeting)



  • Profit of EUR 808 miles vs. 736 miles est. EUR
  • EBIT of EUR 1.1 billion vs. 1.16 billion EUR est.
  • slightly increase the profit target for 2012
  • +0.1% (The only title in the premarket numbers in green)


  • Resigned from the development of a revolutionary cure for Alzheimer's disease
  • The project was stuck in 2nd phase of development (of four)
  • After the market -3%



  • Speculation that this week will lower stocks
  • Tropical Storm Ernesto proceed to the U.S., gaining strength in the Caribbean
  • Coming into the Bay of Campeche, where Mexico's oil profits most
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Akciová snídaně 7.8. - Merkelová podporuje ECB, Monti a Rajoy tlačí na ECB, makro, výsledky

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