Trader Talk: An Analysis of the Markets this Morning

Good morning,

markets are called to open flat today.

WHAT TO WATCH:

• Weidmann Says ECB Council Shouldn’t Permanently Supervise Banks

• SNB’s Jordan Sees No Reason to Remove Ceiling on Swiss Franc

• Ukraine Ex-PM Tymoshenko Starts Hunger Strike in Jail

• Chrysler IPO Said Delayed Until 2014 Over Tax Confusion in U.S.

• EU Sees U.S. Violations of ‘Safe Harbor’ Data Pact, FT Says

• China, Hungary, Serbia Reach Pact on Railway Project: Xinhua

• Italy to Approve Law on State Aid to Banks in 2013: Reuters

• Rosneft Plans to Increase Crude Extraction in Venezuela: RIA

• Portugal’s CTT Said to Get Demand for All Shares Offered in IPO

• WTO Upholds Canada Seal Ban on EU Concerns About Harvesting

• Blackstone and Viridian Said to Bid For Irish Power Company

• Glaxo’s Avandia Restrictions Lifted by FDA After Review of Risks

• Bank of America Buys Loan Bundle From Spain’s Sareb: Reuters

• RWE Npower Pulls Out of GBP4b U.K. Windfarm Project: Guardian

• Paschi Said to Hire Citigroup, Mediobanca to Lead Stock Sale

• Cosco Greek Unit Says HP, Huawei Deal to Spur Athens Port Growth

• Westfield and Hammerson Win $1.6b London Project Approval

• Statoil to Be Selective on Exploration Targets to Limit Spending

• GSK Nigeria Optimistic Parent Will Agree to Take Majority Stake

EARNINGS All times CET, estimates where available:

• Remy Cointreau (RCO FP) 7:30am, 1H Ebit EU125m

• Colruyt (COLR BB) 5:45pm, 1H adj. EPS EU1.03

• Public Power (PPC GA) TBD, 3Q

• Bank of Cyprus (BOCY CY) TBD, 1H

• Severn Trent (SVT LN) 8am, 1H pretax GBP150m

• Britvic (BVIC LN) 8am, FY adj. EPS GBP0.34

• Greencore (GNC LN) 8am, FY adj. EPS GBP0.14

• Mitchells & Butlers (MAB LN) 8am, FY pretax GBP180m

• Kcom Group (KCOM LN) 8am, 1H

• De La Rue (DLAR LN) 8am, 1H

• Paragon (PAG LN) 8am, FY pretax GBP103m

• Daejan (DJAN LN) 8am, 1H

Good day and happy trading!

Kristian Camenzuli