April 25th, 2016

Daily Market Commentary



  • A survey of business expectations in Germany was reported at 100.4, below estimates.


  • Oil retreated from the highest close in five months amid signs a global glut will be prolonged as Middle East producers boost supplies.
  • Gold was little changed, holding Friday’s decline ahead of central bank meetings in the U.S. and Japan this week as traders looked for any signals of policy changes. Silver retreated along with other precious metals.


  • Bombardier Inc., the world’s third-biggest planemaker, is in negotiations about a deal with a prospective new airline serving the tourist island of Qeshm in southern Iran.

United States:

  • U.S. stock-index futures were little changed, after two weeks of gains for the Standard & Poor’s 500 Index, as investors awaited earnings reports to gauge corporate health
  • Ball Corp. and Rexam Plc agreed to sell $3.42 billion of assets to clear the way for their merger into the biggest maker of food and beverage cans.
  • General Electric Co. seeks to raise as much as $922 million in an initial public offering of a majority stake in its Czech banking unit.
  • In a move that may be too little too late, Donald Trump’s two remaining Republican presidential nomination opponents have cut a deal to play in certain states and avoid others in an effort to stop dividing the anti-Trump vote.



  • European shares declined a third day as energy and commodity producers slid, while investors assessed earnings and growth prospects following worse-than-expected German business-confidence data.
  • Deutsche Bank AG co-Chief Executive Officer Juergen Fitschenand four former bank officials were acquitted of charges that they lied to judges during a decade-long dispute with a German media mogul.
  • Statoil ASA, Norway’s biggest oil company, bought a 50 percent stake in EON SE’s Arkona offshore wind farm, entering the German market.
  • Asian stocks fell, as telecommunication companies led Japanese shares lower and investors awaited policy decisions this week from the Federal Reserve and the Bank of Japan.
  • The yen climbed from a three-week low against the dollar as traders dialed back bets on how much additional stimulus from the Bank of Japan would weaken the currency.
  • BOC Aviation Ltd., Asia’s biggest aircraft-leasing company by asset value, began gauging demand Monday for a Hong Kong initial public offering that could raise as much as $1.5 billion, people with knowledge of the matter said.
  • Indian companies refinanced offshore loans at the fastest pace in a year last quarter, rushing to take advantage of improved confidence in Asia’s fastest-growing major economy as borrowing costs start to rise.

*All information is taken from Bloomberg, unless otherwise noted.