Cyrrus (Cyrrus)
Markets  |  August 30, 2012 10:00:23

Joint Stock breakfast 08.30 - Beige Book, Japan, Draghi, macro

Overview of the main events for Thursday, the 30th August 2012


Beige Book


Worse Japanese retail sales


Draghi lobbies in the weekly Die Zeit




Upcoming Events

9:55 Germany unemployment
11:00 EZ Consumer Confidence
14:30 U.S. income and consumption
14:30 application
17:00 Kansas City Fed

11:00 Italy Bonds EUR 7.5 billion in 2017, 2022



  • Yesterday's data less likely that Bernanke tomorrow notify something "big"
  • U.S. economy is growing slowly but surely
  • However, the Fed burns especially high unemployment
  • Beige Book showed a gradual growth driven mainly by retail and real estate market
  • Bill Gross (manager of the largest bond fund in the world) said that QE III to come "relatively soon"



  • July Retail Sales MoM -1.5% vs. -0.5% est
  • There we ended subsidies for the purchase of cars

Earnings season in China

  • Only 41% exceeded estimates at the level of profit
  • For comparison, in the U.S. it was 71%



  • The pages of the German weekly Die Zeit Champions ECB non-standard measures to support the euro
  • Supports more monetary easing
  • By trying to convince the Germans (especially a member of the ECB's Weidmann) to add to the majority opinions about buying ITA and SPA bonds
  • Targeted mainly at the meeting of the ECB 6.9 and the decision of the German Constitutional Court 12.09


AAA Auto 1H

  • Of sales or gross profit without surprises
  • So strong annual growth due to increases in sales volume and increase margins
  • A positive surprise is more trimmed operating expenses (vs. EUR 14.7 million. Mine estimate EUR 16 million)
  • Reduction while on all three major components of operating expenses (marketing, personnel and other)
  • Were slightly lower and amortization
  • The result is an increase in net profit for 1H of 165%
  • Good results

Pegas Nonwovens 1H

  • Slightly higher returns than the market expected, but were higher costs of material consumed
  • Year on year, revenues increased by 15% due to the involvement of a new production line in Přímětice from 3Q 2011
  • EBITDA and EBIT in line with estimates
  • The net profit negatively affect high foreign exchange losses, but it is very volatile item that affects the results of each quarter
  • Most importantly, this resulted in operating profit, which fell in line
  • The results are as neutral as


  • 2Q NET ADJ EU706M; EST EU652M better
  • Confirms earnings guidance
  • Raises subsidiary Activision Blizzard


  • 1H Recurring OP INCOME EU769M; EST EU705M better
  • She helped them, in particular Latin America, Europe falls


WTI Crude Oil

  • Weakened after Hurricane Isaac walked through the Gulf of Mexico and arrived in Luissiany
  • In the Gulf of Mexico do not cause any major damage
  • Non-market: It is not as destructive as Katrina (around New Orleans is built mounds for 25 billion USD)
Was this article: 10 | 8 | 6 | 4 | 2 | 0

Akciová snídaně 30.8. - béžová kniha, Japonsko, Draghi, makro

Diskuze a názory

Na dané téma nejsou žádné názory.

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

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688