Cyrrus (Cyrrus)
Markets  |  December 13, 2012 10:00:00, updated

Joint Stock breakfast 13.12 - Bernanke and QE3, fiscal cliff, Union Bank, macro, bonds


Overview of key messages for Thursday, the 13th December 2012

 

 

USA  

Bernanke expanded QE3  

 

ASIA  

Day 11 grew in a row  

 

EUROPE

Approved single bank supervision

SUPERSPAD

x

COMMODITIES

Oil

Upcoming Events

10:00 ECB monthly report
14:30 U.S. retail
14:30 U.S. requests

Today begins 2-day EU summit (topics: banks, Greece, Cyprus)

10:30 Spain bonds 2015,2017,2040
11:00 Italian bonds 2015.2026

USA

Bernanke:

  • Increased as expected QE3 at 45 billion USD in January
  • Operation Twist will be completed on schedule by the end of
  • Rates unchanged
  • For the first time established rates of unemployment and inflation
  • The low at least until unemployment falls to 6.5% and inflation will not exceed 2.5%
  • This caused a rally in stocks, but after a while the Bernanke froze
  • He said that the Fed's stimulus outweighs the impact of any disagreement regarding the reef
  • GDP in 2013 from 2.3 to 3.0% (according to Bloomberg estimates 2.0%)

Fiscal cliff:

  • Boehner: Obama's proposal could not accept neither the Senate nor the House
  • "We have serious differences of opinion"

ASIA

  • Asia grow for 11 days and the longest is so last 3 years

EUROPE

Union Bank:

  • EU finance ministers agreed on the emergence of a single supervisory
  • This is essential for the development of Union Bank
  • Finally, it should be supranational supervision relate only 200 systematically important banks, not all
  • Work starts from 03/2014
  • Under the agreement could eurogroup use funds from the ESM directly to recapitalize banks, if they ask the ECB to assume oversight of troubled institutions
  • Today would have officially confirmed on 2-day summit

SUPERSPAD

Recommendation:

  • CEZ: Nomura lowers price target to 640 from 780 CZK CZK, recommendations remains "reduce"
  • RBC Capital lowers price target on shares of Lufthansa from 15.5 to 13 EUR
  • Barclays reduces recommendations for shares of Deutsche Telekom to "equalweight" from "overweight"
  • Nomura reduces recommendations for E.ON shares to "reduce" from "neutral," target price from € 15.3 to € 13.7
  • Exane lowers price target for shares of ThyssenKrupp from 18 to 17 EUR, recommendations "neutral"
  • Morgan Stanley lowers recommendations for RWE shares to "equalweight" from "overweight"
  • Moody's considering downgrades Hungarian banks

COMMODITIES

Oil:

  • Slightly weakened due to expression of the Republican leader in the House regarding the fiscal cliff, Brent currently at 109.32 USD / barrel, WTI $ 86.59 / barrel
Was this article: 10 | 8 | 6 | 4 | 2 | 0




Akciová snídaně 13.12. - Bernanke a QE3, fiskální útes, bankovní unie, makro, dluhopisy

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688