Daimler

Tyler Durden's picture

Frontrunning: August 6





  • So that's what Obama meant by "costs" - Italy Recession, German Orders Signal Euro-Area Struggle (BBG)
  • Russia worries, weak German data weigh on Europe (Reuters)
  • Hedge Funds Betting Against Banco Espírito Santo in Line for Big Gains (WSJ)
  • Bankers Called Up for Ukraine War as Rolls-Royce for Sale (BBG)
  • Double Punch for 'Inversion' Deals (WSJ)
  • Statist Strongmen Putin-Xi See History’s Capitalism Clash (BBG)
  • China bans beards, veils from Xinjiang city's buses (Reuters)
  • BATS to Settle High-Speed Trading Case (WSJ)
  • Second Ebola patient wheeled into Atlanta hospital for treatment (Reuters)
 
testosteronepit's picture

Russia Sanctions Exact Their Pound of Flesh – from Germany





The powerful engine to pull Europe out of its quagmire? It stalls as sanctions hit. “Disaster of 2008” is evoked, hastily denied.

 
Tyler Durden's picture

Overnight Futures Levitation Mode Engaged But Subdued





Despite yesterday's lackluster earnings the most recent market levitation on low volume was largely due to what some considered a moderation in geopolitical tensions after Europe once again showed it is completely incapable of stopping Putin from dominating Europe with his energy trump card, and is so conflicted it is even unable to impose sanctions (despite the US prodding first France with BNP and now Germany with the latest DB revelations to get their act together), as well as it being, well, Tuesday, today's moderate run-up in equity futures can likely be best attributed to momentum algos, which are also rushing to recalibrate and follow the overnight surge in the AUDJPY while ignoring any drifting USDJPY signals.

 
Tyler Durden's picture

Frontrunning: June 25





  • Obama Administration Widens Export Potential for U.S. Oil (BBG)
  • WTI Pares Gains as U.S. Export Ruling Seen Limited (BBG)
  • Senator Cochran defeats Tea Party rival in Mississippi Republican runoff (Reuters)
  • Militants attack Iraq air base, U.S. assessment teams deploy (Reuters)
  • Maliki rules out national emergency govt (AFP)
  • Koch to Start EU Power Trading as It Plans LNG Expansion (BBG)
  • Obama Said to Ready Sanctions on Russian Industries (BBG)
  • Ghana Sends Plane With $3 Million to Calm World Cup Team (BBG)
  • Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator (BBG)
  • SEC Is Gearing Up to Focus on Ratings Firms (WSJ)
  • Abe Declares Deflation End as Growth Plan Confronts Skeptics (BBG)
 
Tyler Durden's picture

The Writing Is On The Wall... And We Should All Read It





The "Shiller P/E" is much in the news of late, and, as ConvergEx's Nick Colas suggests, with good reason. It shows that U.S. equity valuations are pushing towards crash-worthy levels. This measure of long term earnings power to current price is currently at 25.3x, or close to 2 standard deviations away from its long run median of 15.9x. As Colas concludes, the writing is on the wall and we must all read it. Future returns are likely going to be lower. Competition for investor capital will get even tougher. That’s what the Shiller P/E says, and it is worth listening.

 
Tyler Durden's picture

Frontrunning: April 9





  • Top Medicare Doctor Paid $21 Million in 2012, Data Shows (BBG)
  • Separatists build barricades in east Ukraine, Kiev warns of force (Reuters)
  • Greece launches sale of five-year bond (FT)
  • High-Frequency Trader Malyshev Mulls Accepting Outside Investors (BBG)
  • U.S. defense chief gets earful as China visit exposes tensions (Reuters)
  • GM Workers Who Built Defective Cars Fret About Recall (BBG)
  • Kerry, Congress Agree: Superpower Status Not What It Was (BBG)
  • Crimeans Homeless in Ukraine Seek Solace in Kiev Asylums (BBG)
  • JPMorgan's Dimon says U.S. banks healthy, Europe lagging (Reuters)
 
Tyler Durden's picture

China & Germany Sign Yuan-Settlement Pact And Obama Heads To Saudi Arabia





Lots of moves appear to be afoot on the macro front at the moment. Today's deal between the People’s Bank of China (PBOC) and Germany’s Bundesbank seems quite significant given the importance of Germany within the global economy generally and the E.U. specifically. And with that in mind, let’s not forget that Obama is currently in Saudi Arabia trying to restore ties with the Medieival Kingdom, i.e., he is trying to figure out a way to arm al-Qaeda in Syria without the American public finding out about it. It appears that becoming entrenched in a Syrian civil war is still very much on the table...  The months ahead should be very interesting to say the least.

 
Tyler Durden's picture

Frontrunning: March 10





  • Index of largest Chinese stocks drops to lowest since February 2009 (BBG)
  • Plane-Debris Hunters Seek Suspected Aircraft Window Part (BBG)
  • New-Home Building Is Shifting to Apartments (WSJ)
  • Forward Guidance Risks Stoking Instability, BIS Says (BBG)
  • Alleged Bitcoin Millionaire Nakamoto Gets $28,000 Donations (BBG)
  • Mexico kills drug kingpin reported dead years ago (Reuters)
  • Tencent to Buy 15% Stake in JD.com to Boost E-Commerce (BBG)
  • Bitcoin exchange MtGox 'faced 150,000 hack attacks every second’ (Telegraph)
  • Noyer Says Stronger Euro Creates Unwarranted Pressure on Economy (BBG)
  • Russian Forces Gain in Ukraine as Separatist Vote Looms (BBG)
 
Tyler Durden's picture

Overnight Carry-Driven Futures Ramp Pushes Stocks Just Shy Of New Record





Just when it seemed that the ever deteriorating situation in the Crimean, the unexpected plunge in Chinese exports which has sent the Yuan reeling again, the Copper slam which is down some 10% in two days, and the outright collapse in Japan's capital flows, not to mention the worst GDP print under Abe, may not be quite "priced in" by a market that is now expecting well beyond perfection in perpetuity, further shown by Goldman over the weekend which reprorted that revenue multiples have never been greater, and futures may finally dip, here came - right on schedule - the USDJPY levitation liftathon, which boosted futures from down 10 to barely unchanged, and which should be green by the second USDJPY ramp some time just after 8 am.

 
Tyler Durden's picture

Equities Supported By Optimism Of Positive ECB Surprise





Today the lingering problems of the "emerging" world and concerns about the Fed's tapering take a back seat to what the European Central Bank may do, which ranges from nothing, to a rate cut (which sends deposit rates negative), to outright, unsterilized QE - we will find out shortly: with 61 out of the 66 economists polled by Bloomberg looking for no rate changes from the ECB today it virtually assures a surprise . However, despite - or perhaps in spite of - various disappointing news overnight, most notably German factory orders which missed -0.5% on expectations of a +0.2% print, down from 2.4%, the USDJPY has been supported which as everyone knows by now, is all that matters, even if it was unable to push the Nikkei 225 higher for the second day in a row and the Japanese correction persists.

 
Tyler Durden's picture

Frontrunning: January 29





  • Obama warns divided Congress that he will act alone (Reuters)
  • Fed Decision Day Guide From Emerging Markets to FOMC Voter Shift (BBG)
  • Fed poised for $10 billion taper as Bernanke bids adieu (Reuters)
  • Bernanke’s Unprecedented Rescue Unlikely to Be Repeated (BBG)
  • Argentina Spends $115 Million to Steady Peso (WSJ)
  • Billionaires Fuming Over Market Selloff That Sinks Magnit (BBG)
  • SAC’s Counsel Testifies at Insider Trading Trial in Unexpected Move by the Defense (NYT)
  • Automakers Fuel Japan’s Longest Profit Growth Streak Since 2007 (BBG)
  • Turkey Crisis Puts Jailed Millionaire at Heart of Gold Trail (BBG)
  • Ukraine expects $2 billion tranche of Russian aid soon (Reuters)
 
Tyler Durden's picture

Bentley Sales Hit Record In 2013





While Ford and GM struggle somewhat, demand for the eilte-of-the-elite Bentley is soaring. As BusinessWeek reports, 2013 saw the firm sell 10,120 vehicles worldwide - dominated by the Americas - a 19% rise over 2012. Coincidentally, since Fed policy went extreme, Bentley has seen double-digit growth rates each and every year leading to the best performance in its 95-year history. As BusinessWeek ironically notes, it requires no small amount of consumer confidence to roll away in a Bentley Mulsanne, which has a sticker price just shy of $300,000.

 
Tyler Durden's picture

Frontrunning: December 9





  • Glass-Steagall Fans Plan New Assault If Volcker Rule Deemed Weak (BBG) ... "if"? The banks control the legislators and regulators...
  • Cellphone data spying: It's not just the NSA (USA Today)
  • Major tech companies push for limits on government surveillance (Reuters)
  • Shanghai Warns Kids to Stay Indoors for Seventh Day on Smog (BBG)
  • Protesters fell Lenin statue, tell Ukraine's president 'you're next' (Reuters)
  • Everyone must be flying private these days: EADS to cut 5000-6000 jobs, close Paris HQ in restructuring (FT)
  • Big Players Trade 'Upstairs' (WSJ)
  • There’s no way to tell how many people who think they’ve signed up for health insurance through the U.S. exchange actually have (BBG)
  • Slower China inflation reduces worries of tighter policy (Reuters)
 
testosteronepit's picture

Corp. Extortion Over Minimum Wage In Germany: BMW, Daimler, VW Threaten to Offshore Production





Germany has neither a minimum wage nor a government. Someday it might have both.

 
Tyler Durden's picture

Frontrunning: November 18





  • What can possibly go wrong: Tepco Successfully Removes First Nuclear Fuel Rods at Fukushima (BBG)
  • Japan's Banks Find It Hard to Lend Easy Money (WSJ)
  • U.S. Military Eyes Cut to Pay, Benefits (WSJ)
  • Airbus to Boeing Cash In on Desert Outpost Made Field of Dreams (BBG); Dubai Air Show: Boeing leads order books race (BBG)
  • Sony sells 1 million PlayStation 4 units in first 24 hours (Reuters)
  • Russian Tycoon Prokhorov to Buy Kerimov's Uralkali Stake (WSJ)
  • Google Opening Showrooms to Show Off Gadgets for Holidays (BBG)
  • Need. Moar. Prop. Trading: Federal Reserve considering a delay to Volcker rule (FT)
  • Raghuram Rajan plans ‘dramatic remaking’ of India’s banking system (FT)
  • SAC Capital's Steinberg faces insider trading trial (Reuters)
 
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