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24 апреля 2014, 15:47

UPDATE 1-Spain's Hispasat bids for stake in Israeli satellite rival

MADRID, April 24 (Reuters) - Spanish infrastructure firm Abertis said its Hispasat affiliate is bidding for a majority stake in Israeli satellite operator Space Communication to boost its international exposure.    

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18 сентября 2013, 16:13

Abertis takes the high road to Brazil

World’s biggest toll road operator focuses on growth in Latin America as it seeks to reduce its reliance on its shrinking Spanish home market

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01 августа 2013, 13:31

Luton Airport swaps Spanish ownership

Spanish infrastructure groups play pass-the-parcel with Luton Airport as Abertis confirms the sale of its majority stake to Aena consortium

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22 июля 2013, 18:40

Американцы купят два аэропорта в Европе

Испанская группа Abertis Infraestructuras согласилась продать два аэропорта в Европе американской ADC & HAS Airports Worldwide. Сумма сделки составит 284 миллиона евро. После одобрения транзакции регулирующими органами ADC & HAS Airports Worldwide станет владельцем аэропортов в Белфасте и Стокгольме.

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02 июня 2013, 21:35

Aena bids for control of Luton airport

Aena, Spain’s national airport authority, seeks to exercise a right of first refusal over Abertis’s 90% stake in Luton airport’s concession holder

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24 февраля 2013, 16:27

Abertis eyes sale of airport operations

The Spanish toll road group considers offloading some of its worldwide airport portfolio as it aims to ride out economic turbulence

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24 февраля 2013, 16:27

Abertis eyes sale of airport operations

The Spanish toll road group considers offloading some of its worldwide airport portfolio as it aims to ride out economic turbulence

22 февраля 2013, 23:13

INVESTOR WARNING: Bolivia Nationalizes Airport Management Company

Bottom line: Evo Morales’ expropriation of Servicios de Aeropuertos Bolivianos SA (SABSA)--a subsidiary of the Spanish businesses Abertis and Aena--is another warning for foreign investors in Bolivia. SABSA managed the country’s three largest airports: El Alto in La Paz, Viru-Viru in Santa Cruz, and Wilsterman in Cochabamba. Morales said the Spanish companies had committed to a $26 million investment but had only invested $5.6 million. Analysis: This was not his first, and will not be Evo Morales’ last nationalization. In early…Read more...

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19 февраля 2013, 02:34

Bolivia nationalises airport operator

President Evo Morales says Abertis’ local subsidiary Sabsa, partly owned by Madrid-based Aena, had failed to fulfil investment promises

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19 февраля 2013, 02:34

Bolivia nationalises airport operator

President Evo Morales says Abertis’ local subsidiary Sabsa, partly owned by Madrid-based Aena, had failed to fulfil investment promises

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18 февраля 2013, 23:01

Bolivia's Morales Nationalizes Spanish Owned Airport Company

LA PAZ, Bolivia — President Evo Morales nationalized on Monday the Spanish-owned venture that runs Bolivia's country's three main airports in his government's third expropriation of a Spanish company in 10 months. The move drew an angry response from Spain's Foreign Ministry, which "deeply deplored" the lack of warning and, "in particular, the police occupation of its offices." The ministry said it would "reconsider the whole of relations" with Bolivia in light of the "unfriendly act, combined with other similar measures" that Morales' leftist government has recently taken against Spanish companies. The affected enterprise, SABSA, runs the airports in the cities of La Paz, Santa Cruz and Cochabamba. It is a joint venture between Barcelona-based Abertis Infrastructuras SA and AENA, Spain's airport authority. Morales, who was backed by the company's unionized workers, said the company had failed to make promised investments. The airports were privatized in 1996 and Abertis-AENA's contract was until 2025. The Bolivian president said Abertis-AENA had committed to invest $26 million from 2006 to 2011 in SABSA but only came through with $5.6 million. He accused the venture of seeking only "to maximize profits" at state expense. He said Bolivia would hire an independent company to determine fair compensation for Abertis-AENA. SABSA officials in Bolivia refused to comment, and a woman who answered the phone at Abertis' office said a company spokesman was not immediately available. Morales has nationalized a series of foreign companies since first taking office in 2006 that he considers public utilities and thus property of Bolivia's people. On Dec. 30, his government took over electricity distribution subsidiaries of the Spanish energy company Iberdrola. In May, he nationalized Transportadora de Electricidad belonging to Spanish company Red Electrica, which controlled 74 percent of energy transmission in Bolivia. In his first year in office, Morales renegotiated contracts with a dozen hydrocarbon companies, including Repsol, Petrobras, BG and Total, to provide Bolivia with a greater share of revenues from natural gas production. In 2009 Morales transferred to state control the country's largest telephone operator, which had been controlled by Italy's ETI, and in 2010 he did the same with the four largest power generators, which had belonged to French-owned Suez, Rurelec of Britain and Bolivian shareholders.

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21 октября 2012, 13:32

Shuffle Rewind 15-19 Oct " Lucy In The Sky with Diamonds " (The Beatles, 1967)

Shuffle Rewind 15-19 Oct " Lucy In The Sky with Diamonds " (The Beatles, 1967)Music Link This week in review (compared to Fri 12 Oct COB):Click on day for related post, on title for song. Last week was mostly boring and worth a “Sleeping Satellite” with Friday 12 Oct being "Sleepy Time Time" (Bunds 1,45% -6; Spain 5,6% -15; Stoxx 2465% -0,7%; EUR 1,294), despite Spain getting squeezed ahead of the weekend.This week was more spaced out with bouts of pessimism followed by Spain and equities ripping higher on what one should honestly consider as being no news, at least nothing major nor new. So we’ll dedicate the week to the Fab Fours’ song, which title’s abbreviation (and associated clip) urban legends have always linked to substance abuse (confirmed since by Sir Paul). Just be careful when coming down… Another round of Spain whip-lashing. After Friday’s pre-weekend squeeze (One never knows, the bail-out demand might just be around the corner), Monday was more down to Earth. A "Blue Monday" (Bunds 1,47% +2; Spain 5,8% +20; Stoxx 2480% +0,6%; EUR 1,294), as that bail-out demand didn’t materialize… Tuesday was the wildest day in Risk, as European equities just took off on nothing concrete in 3 stages. One of the trigger was some German mumbling about being supportive of Spain, later corrected. Still, better, higher, higher. Squeeze. "Wild Is The Wind" (Bunds 1,55% +8; Spain 5,78% -2; Stoxx 2545% +2,6%; EUR 1,304). Wednesday was a blast in Spain, as Moody’s announced it wouldn’t junk the rating (yet). Not that this was really the biggest worry around, but eventually the relief, or the addition of relief factors, triggered one of the biggest squeezes witnessed lately in BONOs. Then again, having pre-empted good news the day before, equities only enjoyed so much more improvement, but what a "Rocket Ride" (Bunds 1,63% +8; Spain 5,44% -34; Stoxx 2566% +0,8%; EUR 1,312) for Spain. Following up on this, Thursday saw for the first time in ages a “normal” Spanish auction. Just fine. Rather textbook like. Still the mood felt a little drifty for most of the day, as if floating around in a "Space Oddity" (Bunds 1,63% +0; Spain 5,32% -12; Stoxx 2575% +0,4%; EUR 1,31). Eventually another positive close for Risk, although Credit remained heavy and US closed soft. Hence Friday got off to an ok start, but a softer close. Too much "Space Truckin'" (Bunds 1,6% -3; Spain 5,35% +3; Stoxx 2536% -1,5%; EUR 1,302) just gets you dizzy. Dismal US Friday close to end the week with INDU down 1.5% (crossing 50s at 13.353), S&P 1.6% (crossing 50d at 1433.5) and NASDAQ 2.2%. Well, a good week for Risk and a cheery week for Spain. It’s just that NOTHING really new happened to fundamentally tweak things for the better. The situation in Spain and Greece hasn’t changed. The EU summit didn’t yield a new super weapon to fight depression and the OMT remains unused, untested, untouched at this stage. Markets building momentum on last week’s reduced volatility (no shoes dropping), in rather complacent manner, building up on Risk levels that have solely been obtained through massive Central Bank interventions and promises. As Q3 earnings are published, a reality check will need to take place between levels attained on liquidity dope (All is good!) and where to climb from here on down to earth matters like earnings and profits. Or growth… Very defensive Core EGB action with Bunds (and UST) softer by 15bp on the week, suffering from equity and Periphery strength and recouping just so much at the end of the week to close slightly tighter than the mid-week highs.Risk On torsion picture with other Hard Core and swaps out by about 10, France & Austria (back over 2%) slightly less (and giving back just half of last week’s tightening), Belgium just a couple after hitting historic lows in 10s at 2.32%.EFSF best performer on the week and closing in on OAT levels (Spread down to 3 from 11 last week). So the BIG news for Periphery paper was that Moody’s did NOT junk Spain (yet), leading to a HUGE squeeze in BONOs (-34 bp on Tuesday)(after trading off 20bp on Monday, as no Spailout had taken place), ahead of Thursday’s auction, which seemed to be just fine, balanced, non-hysterical, realistic prices near actual trading rates. I remain wary about any change in DBRS' view on Spain, as a single notch downgrade (still well above the Big 3 raters), would kick Spanish debt in a lower ECB bucket and increase haircut by 5% on tons of LTRO ware, pulling billions in liquidity.Big Winner of course Spain, which closed tighter by 25bp on the week, having had to recoup a 20bp trashing (out to 5.80%) on Monday. Were levels below 5.50% to hold for a while, it would certainly mark a change, as this mark was the upper range hit several times, before things went totally loose. Spread to Bunds now squarely below 400 (+375, down 40 on the week).Italy doing fine, tagging along Spain and down 20bp on the week. Note that Italian 2s remain stubbornly stuck over 2%. EUR swap curve steepening to 135 from 128, but some ultra-long end action starting Thursday supported both the 10 YRS area and flattened 10-30s. Rangy and jumpy equity world: last week -2.4%, prior +3% after -4.5%... This week still up 2.9% (although nearly 2% off highs) with the US solely trading up 0.8% (at European close Fri).Credit still on a tightening bias (maybe triggered by naked CDS regulation starting next month), after a flat prior week. Here as well, we got some volatility with regular over- and then undershooting compared to equities. Main 4% tighter, Financials even over 8%, although closing off tightest levels after Friday afternoon. Commodities once more a relative haven of stability, mixed on the week in diminishing volatility. Overall CRB about unchanged for the third week in a row. Oil flat until Friday (WTI better, Brent worse). Gold a little fickle lately (-2%). Copper down 1%. EUR up again on the week, but off highs. BDY trucking ahead with another 9% added. New Issue supply was on the lighter side this week with EUR 14.4bn in 17 deals (after last week’s EUR 18bn in 22), of which nearly half courtesy of the new EFSF 5 YRS deal for EUR 5.9bn. Add another EUR 1.6bn+ for SSA and LRG issues, mainly in increases.EUR 2.25bn for senior debt via BNPP, BPCE or Co-op UK.EUR 1.9bn for some mixed periphery supply for Iberdrola, Abertis, UniCredit OBG (covered bonds) or Bankinter CH (covered bonds) after last week’s EUR 5.5bn. Better Periphery conditions mean as well an end to yield hunting / shopping…   On the week (compared to Fri 12 Oct COB): 10 YRS Yields: Germany 1,60% (+15); Luxembourg 1,68% (+11); Netherlands 1,82% (+12); Finland 1,84% (+13); Swaps 1,84% (+10); EU 1,93% (+6); Austria 2,02% (+7); EIB 2,14% (+3); France 2,21% (+6); EFSF 2,24% (-2); Belgium 2,40% (+3); Italy 4,77% (-20); Spain 5,35% (-25). 10 YRS Spreads: Luxembourg 8bp (-4); Netherlands 22bp (-3); Finland 24bp (-2); Swaps 24bp (-5); EU 33bp (-9); Austria 42bp (-8); EIB 54bp (-11); France 61bp (-9); EFSF 64bp (-17); Belgium 80bp (-12); Italy 317bp (-35); Spain 375bp (-40). EUR swap curve 2-5 YRS 52bp (+6,0); 5-10 YRS 83bp (+1,0) 10-30 YRS 58bp (-2,0).2 YRS German BKOs closed 0,112% (+7) and 5 YRS OBLs 0,63% (+13), on the week. with UST at 1,79% (+15)Swiss 2-years flat on the week at -0.20% (unch). Main at 122 from 127 (3,9% tighter); Financials at 163 after 178 (8,4% tighter ). Cross at 495 from 540.SovX at 106 from 135, but will stop monitoring this one, as it is becoming rather virtual…Stoxx Futures at 2536 / +2,9% from 2465 with S&P minis at 1438 / +0,8% from 1426, at European COB last week.VIX index at 15,7 after 15,6 last week. Ticking higher. Oil 91,8/112,0 (WTI/Brent) from 91,9/114,3 (-0,1%/-2,1%). Gold at 1726 after 1762 (-2,0%). Copper at 367 from 371 (-1,1%) . CRB closes 309,0 from 309,0 (unchanged).BDY finally hurdled the 4-digit mark on Friday, up 9.1% to 1010 from 926 on the week. First time over the 1k-mark since end of July. Xmas is coming; iPhones need to be delivered… Summer rebound peak had been 1162 early July (15% away). Feb low of 647 (36% away). Sep low was 661. EUR 1,302 after 1,294 last Friday Greek guesstimate: Stunning. There’s such certainty that things will eventually be fixed that Greek bonds have become the hottest thing in town. Down another 100bp to 16.25% for 2023s and down even 125bp to 14.25% for 2042s over the week. New highs. Traded 19.25% and 18% 3 weeks ago. SOMEHOW.GREECE.WILL.BE.SAVED. Somehow… All levels Friday COB 17:30 CET Upcoming Macro Data:Still doesn’t make for an exciting reading. European data mostly minor. Next week will see Flash PMI data all around, starting Wednesday. US Q3 figures next Friday. No noteworthy US data until Wed.Trading will remain rather technical, subject to Periphery rumours and jitters. GE: Fri PPI fcst +0.3% after last +0.5% MoM / +1.6% YoY, Wed Mfg PMI fcst 48 after 74.4, Services fcst 50 after 49.7, IFO Biz Climate fcst 101.6 after 101.4, Current was 110.3, Expectations 93.2FR:  Tue Production Outlook and Biz Conf (was 90); Wed PMI Mfg prior 42.7, Services prior 45; Jobless Claims; Fri Cons ConfItaly: Fri Indu Orders (last -4.9 YoY), Sales (last -5.3% YoY); Wed Consumer Conf prior 86.2; Thu Retail SalesSpain: Thu Q3 House Prices (last -2.5%, QoQ, -8.3% YoY); Mon Mortgages; Thu PPI; Fri UnemploymentUS: Fri Home Sales // US Q3 Fri 26 Oct. Mon nothing. Tue Richmond Fed. Wed New Home Sales & FED. Thu Durable Goods, Claims & Pending Home Sales. Fri GDP & UoM Conf. Click link under title or below for this week’s musical support:Follow her down to a bridge by a fountainWhere rocking horse people eat marshmallow piesEveryone smiles as you drift past the flowersThat grow so incredibly highJust be careful when coming down…Music Link http://www.aviewfrommyscreens.com  

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19 октября 2012, 19:54

19 Oct 2012 – “ Space Truckin' ” (Deep Purple, 1972)

19 Oct 2012 – “  Space Truckin' ” (Deep Purple, 1972)Music Link One click too far, seemingly... Soft & Tech have become the daily anvil lately. Ah, can’t remember how much the iPhone 5 was supposed to add to Q3 GDP anymore. 0.2-0.5%, or so?! US indices closed flattish negative (despite an attempt to hark back in the last hour) to plain negative for the NASDAQ on Google and AMD hangover. Asia closing the week mixed with mainly Japan and Oz slightly positive and everyone else softer, although not massively.EU Summit yielding no big results, but then, no one seriously expected so either. Nice classical compromise on SSM (Bank Supervision): in place by next year, on paper, and effectively starting, hum, sometimes... Probably after German elections. That i,s if everyone’s behind it. And in absence of further conditions piling up.Nothing new on Spain (“thinking”), nor Greece (“doing efforts”), who gets a pat on the back. Sideways opening in Bunds (1.63%, unchanged) and most EGBs. EUR swap curve about unchanged.Italy and Spain some 5 bp tighter throughout the curve with Spain within one bp of 5.25% and Italy squarely below 4.75% (4.70%). Italian 2s back on the 2%-mark.Equities a shade lower than yesterday’s close. Credit out a tick. Commodities, probably the least volatile market these days, roughly flat. Gold has been quietly drifting lower over the week, shedding 2% over time. EUR back below the 31-handle at 1.307. No real macro feed: German PPI in line with expectations at +0.3% after +0.5% MoM, YoY headline figure a tick higher than forecast at 1.7% (after +1.6%), but tame. Italian Indu Orders sliding to -9% YoY nsa (after -4.9%), but Sales recovering to -2.6% from -5.2%. Monthly sa data +0.7% (after +2.9%) and +2.9% after +1.3%. Summer was less bleak than expected, but Q3 will seemingly make up for that, as already relayed in plenty of data sets.Next week’s data supply non-existent to light until PMI releases on Wednesday. No auction supply today with next week light to uninspiring as well with a EUR 4bn 10 YRS Bund reopening slated for Wednesday and Italian 2 YRS zeroes on Friday. Finland will have one of its rare auctions in 10s and 30s on Tuesday, but the combined size of EUR 1.5bn shouldn't rock things.Italy finalized a third BTP Italia retail-placement for an impressive EUR 18bn, after EUR 7.3bn and EUR 1.7bn earlier this year, showing that Italian savers can mobilize serious cash, when enticed (2.55% Oct 2016 ILB domestic CPI).Expect to see Spanish government-guaranteed ICO to tap the short to medium end of the curve next week and the EU in 15 YRS.New Issue supply was otherwise on the lighter side this week with EUR 14.4bn, of which nearly half courtesy of the new EFSF 5 YRS deal for EUR 5.9bn. Add another EUR1.6bn+ for SSA and LRG issuers, mainly increases. EUR 2.25bn for senior debt via BNPP, BPCE or Co-op UK. EUR 1.9bn for some mixed periphery supply for Iberdrola, Abertis, UniCredit OBG (covered bonds) or Bankinter CH (covered bonds). Given the above–mentioned absence of hard facts or data in the first days of the upcoming week, markets will remain totally subject to rumours, headlines, headline risks, sentiment swings and further Q3 earnings or surprises. Markets turned heavy by mid-morning, as sentiment kicked in that nothing has really changed for the better, in reality. Equities sliding 0.75% from early morning highs. Bunds getting some traction and Periphery bonds paring some of their gains. Slide morphing into Risk Off with specific reason or trigger, bare a hang-over or height dizziness after the nearly 5% drive upwards this week. Cool to have all involved parties of last night’s EU party reappearing on the tickers right after 12 CET and stating that they all obtained / defended whatever they wanted (Merkel, Rajoy, Hollande, Barnier, later Monti…), which supports the idea that nothing has really advanced yesterday.And, yes, any bailout demand by Spain will be taken in its best interest, but not yet… We certainly wouldn’t like to miss THAT information on a daily basis. That Spain doesn’t feel under pressure at actual levels is certainly less a result of an impressive turn-around in market sentiment, but of the (virtual) support provided by others.As for the start of SSM, pay-outs to Greece are either a must or a (whished-for) possibility, depending on speaker (…). Oh, and with regards to the bank recap possibilities, everyone feels a winner, too. It’s just that the Germans categorically dismiss the idea. For Merkel, there won’t be any retroactive direct bank recap. Basta. And to make sure things won’t get rushed, there needs to be a resolution solution in place before that.So much complacency…Mid-day levels in ROff manner with the Periphery paring most morning gains and some flight into EGBs.Bunds 1,61% (-2), OBLs 0,63% (-1), BKOs 0,106% (unch). UST 1,80% (-1)Spanish 2s 2,71% (+3) and 10s at 5,32% (unch). Spanish 2-10s 260bp (-5).Italian 2s 2,07% (+1) and 10s at 4,74% (-2). Italian 2-10s 267bp (-4).Equities down about 1%. Credit unchanged.Commodities about unchanged, although Copper futures on the slide. EUR 1.305 Balearic Islands to demand EUR 355m funding and, to round it up, Asturias, too, needs some EUR 262m, joining Catalonia, Andalucia, Valencia, Castilla-La-Mancha, the Canary Island and Murcia. Demand to the regional fund now at EUR 16.7bn (from earmarked EUR 18bn), Valencia has been attributed EUR 2.5bn from its initial EUR 3.5-4.5bn. Coincidental timing? Deputy PM Saenz on the tickers stating the need to check whether that fund should be extended (Again with the Lottery taking a loan with Spanish banks and the rest funded by a “private placement” of Spanish bonds with Spanish banks???? Talk of a never-ending loop here…). US cash open 0.5% in the red and softening further. Sole eco numbers for the US with Existing Homes sales as expected at 4.75m (fcst 4.75m after 4.82m, revised 4.83m), -1.7% (fcst -1.6% MoM after +7.8%, rev.+8.1%), ahead of next week’s New Home Sales (for all that explosive construction needs to be sold at some stage). Non-event. Should have been a square beat to turn around the opening mood. Weighting further on European Risk with Credit drifting wider in the afternoon, having remained put until noon. Risk Off close, certainly in equities and Credit and some profit taking in the Periphery to close the week. Interesting to see Core EGBs’ only muted reaction to the fading Risk sentiment, though (Bunds and UST still +15 on the week).Note as well Italian 2 YRS keep on failing to break lower than 2%.Bunds closed at 1,60% (-3), OBLs at 0,63% (-1) and BKOs 0,112% (+0,5) with UST at 1,79% (-2)Spanish 2s at 2,71% (+3), 10s at 5,35% (+3). Spanish 2-10s 264bp (-1).Italian 2s at 2,07% (+1), 10s at 4,77% (+1). Italian 2-10s 270bp (-1).Commodities still drifting, mainly sideways with a slight negative bias. Copper outlier and weak today (-1.9%). EUR volatility, as in the case of Cored EGBs, certainly restricted and the softer close  at 1.302 seems tame, given the ambient mood. Take-away: Spacy week, though… Song pick of yesterday’s said it all. Somehow, things have spun out of control and the rocket started stalling and then drifting into the void… Poor Major Tom left the capsule too early.Regional elections in Spain over the weekend in Galicia and the Basque Country. As Rajoy denies there’s any pressure to seek help, BONOs slide. Damned if you don’t; damned if you do… Well, a good week for Risk nevertheless and a cheery week for Spain, although the week on week tightening was “only” of 25bp, as Wednesday’s squeeze (-34bp) had to correct Monday’s slide (+20bp)… It’s just that NOTHING really new happened to fundamentally tweak things for the better. The situation in Spain and Greece hasn’t changed. The EU summit didn’t yield a new super weapon to fight depression and the OMT remains unused, untested, untouched at this stage. Markets building momentum on last week’s reduced volatility (no shoes dropping), in rather complacent manner, building up on Risk Levels that have solely been obtained through massive Central Bank interventions and promises.As Q3 earnings are published, a reality check will need to take place between levels attained on liquidity dope (All is good!) and where to climb from here on down to earth matters like earnings and profits. Or growth… Outlook for Monday? Mood-driven, depending on tonight’s US close (50d average at 13354 and 1434), market players’ weekend quality in total absence of data and eventually Spanish regional elections. New Issues reduced to a EUR 500m Sep 2025 increase by the EIB at MS +43. Had as well a EUR 600m Collectivités Territoriales de France (Joint French local authorities’ bundling project, but with disparate rating and no joint-liabilities or cross-guarantees) 10 YRS at MS +245, some 208bp over the French OAT put on track. Don’t miss the Shuffle Rewind over the weekend. Closing levels:10 YRS Yields: Germany 1,60% (-3); Luxembourg 1,68% (-1); Netherlands 1,82% (-3); Finland 1,84% (-3); Swaps 1,84% (-1); EU 1,93% (-2), Austria 2,02% (-1); EIB 2,14% (-2); France 2,21% (-3); EFSF 2,24% (-2); Belgium 2,40% (+0); Italy 4,77% (+1); Spain 5,35% (+3). 10 YRS Spreads: Luxembourg 8bp (+2); Netherlands 22bp (unch); Finland 24bp (unch); Swaps 24bp (+2); EU 33bp (+1); Austria 42bp (+2); EIB 54bp (+1); France 61bp (+0); EFSF 64bp (+1); Belgium 80bp (+3); Italy 317bp (+4); Spain 375bp (+6). EUR swap curve 2-5 YRS 52bp (unch); 5-10 YRS 83bp (+1,0) 10-30 YRS 58bp (-2,0).2 YRS German BKOs closed 0,112% (+0,5) and 5 YRS OBLs 0,63% (-1). Main at 122 from 118 (3,4% wider); Financials at 163 after 158 (3,2% wider). SovX at 106 (-2). Cross at 495 (+7).Stoxx Futures at 2536 / -1,5% (from 2575) with S&P minis at 1438 (-1,2% from 1455, at European close).VIX index at 15,7 after 15,1 yesterday same time. Oil 91,8/112,0 (WTI/Brent) from 91,7/112,6 (+0,1%/-0,5%). Gold at 1726 after 1745 (-1,1%). Copper at 367 from 374 (-1,9%). CRB at EU COB 309,0 from 308,0 (+0,3%).BDY stepped back yesterday to better hurdle the 4 digits today, up 2.1% to 1010 from 989. First time over the 1k-mark since end of July. Xmas is coming; iPhones need to be delivered… EUR 1,302 from 1,310 Greek guesstimate: Stunning. There’s such certainty that things will eventually be fixed that Greek bonds have become the hottest thing in town. Down another 75bp to 16.25% for 2023s and down 50bp to 14.25% for 2042s. New highs. All levels COB 17:30 CET Upcoming Macro Data:Still doesn’t make for an exciting reading. European data mostly minor. Next week will see Flash PMI data all around, starting Wednesday. US Q3 figures next Friday. No noteworthy US data until Wed.Trading will remain rather technical, subject to Periphery rumours and jitters. Auction supply low and mostly unexciting. GE: Wed Mfg PMI fcst 48 after 74.4, Services fcst 50 after 49.7, IFO Biz Climate fcst 101.6 after 101.4, Current was 110.3, Expectations 93.2FR:  Tue Production Outlook and Biz Conf (was 90); Wed PMI Mfg prior 42.7, Services prior 45; Jobless Claims; Fri Cons ConfItaly: Wed Consumer Conf prior 86.2; Thu Retail SalesSpain: Thu Q3 House Prices (last -2.5%, QoQ, -8.3% YoY); Mon Mortgages; Thu PPI; Fri UnemploymentUS: Mon nothing. Tue Richmond Fed. Wed New Home Sales & FED. Thu Durable Goods, Claims & Pending Home Sales. Fri GDP & UoM Conf. Click link under title or below for today’s musical support:Yep, it’s entertaining criss-crossing the universe…  The answer is out there, somewhere, and is 42.Music Link http://www.aviewfrommyscreens.com  

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06 августа 2012, 17:19

Brookfield Infrastructure (BIP) teams with Abertis Infraestructurasto buy a 60% interest in OHL Brasil, one of Brazil's largest owners and operators of toll road concessions, for $1.7B. BIP plans to invest $250M after the acquisition closes; the JV could launch an offer to buy the remaining 40% of OHL Brasil that is publicly traded, BIP says. BIP -0.9% premarket.

Brookfield Infrastructure (BIP) teams with Abertis Infraestructurasto buy a 60% interest in OHL Brasil, one of Brazil's largest owners and operators of toll road concessions, for $1.7B. BIP plans to invest $250M after the acquisition closes; the JV could launch an offer to buy the remaining 40% of OHL Brasil that is publicly traded, BIP says. BIP -0.9% premarket. Post your comment!