< Back to Trader Blog Articles

Trader Talk: An Analysis of the Markets this Morning

Good morning,

Markets are called to open higher this morning.

The World Bank raised its global growth forecasts as a recovery in advanced economies tempers the impact of tighter monetary conditions on developing markets. The Federal Reserve releases its Beige Book business survey today, while Fed officials Charles Evans and Dennis Lockhart will speak. China’s broadest measure of new credit fell in December and Indian inflation slowed in December to a five-month low.

Wells Fargo

Wells Fargo & Co., the largest U.S. home lender, posted record fourth-quarter and full-year profit that was bolstered by expense cuts and one-time gains, raising concern among some analysts about the quality of the earnings. Net income advanced 10 percent for the quarter to $5.61 billion, or $1 a share, from $5.09 billion, or 91 cents, a year earlier, the San Francisco-based company said today in a statement. The average estimate of 33 analysts surveyed by Bloomberg, excluding some items, was 98 cents a share. For the full year, profit rose 16 percent to $21.9 billion.


• Casino 2013 Sales Below Ests., Hypermarket Vols. Improved

• Airbus CEO Open to Space Merger, Ready to Bid for Missile Maker

• Shell to Sell Some North Sea Assets in Next 2 Yrs: FT

• United Cancels $1.08 Billion of Airbus Orders in Fleet Shift

• Samsung Stake in CSR Being Sold in Narrowed Price Range: Terms

• Sabadell Lowered by Moody’s on Increase in ‘Problematic Assets’

• Villar Mir Says It Buys 19.3% of Inmobiliaria Colonial From RBS

• Deutsche Bank Suspends FX Trader in New York, Welt Reports

• EU Lawmakers Clinch Deal on Financial Market Rulebook Overhaul

• World Bank Raises Growth Forecasts as Richest Nations Strengthen

• Osborne to Say U.K. Needs to Renegotiate Position Within EU

• U.K. Lobbied in Brussels to Prevent EU Regulation on Shale Gas

• Hollande Seeks Franco-German Alliance as Energy Policies Shift

• Sobotka Sees No State Guarantees for $15b Nuclear Project

EARNINGS All times CET, estimates where available:

• Barry Callebaut (BARN SW) 8am, 1Q sales CHF1.5b

• Burberry (BRBY LN) 8am, 3Q sales/trading, Preview

• Chr Hansen (CHR DC) 8am, 1Q GAAP EPS EU0.25

• Diploma (DPLM LN) 8am, 1Q sales/trading

• Fenner (FENR LN) 8am, 1Q sales/trading

• Genel (GENL LN) 8am, IMS

• Hennes & Mauritz (HMB SS) 8am, Dec. sales

• Jupiter Fund Mgmt(JUP LN) 8am, IMS

• Partners Group (PGHN SW) 7am, 4Q sales/trading

• Taylor Wimpey (TW/ LN) 8am, 4Q sales/trading

• Tullow Oil (TLW LN) 8am, 4Q prod./trading

• Flughafen Zuerich/Aeroports de Paris/Fraport Dec. traffic

Good day and happy trading!

Kristian Camenzuli

The Calamatta Cuschieri Traders Blog is available daily on CC WebTrader. Other market coverage including coverage of the International Bond Markets is also available.

The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri & Co. Ltd. (CC) has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views or opinions appearing on this website.
This website is owned and operated by Calamatta Cuschieri & Co. Ltd (Co. Reg. No. C13729) of 5th Floor, Valletta Buildings, South Street, Valletta VLT 1103, Malta. CC is licensed to conduct Investment Services in Malta by the Malta Financial Services Authority.