(BN) *DRAGHI SAYS ECB COULD BUY GREEK BONDS FROM JULY


BFW 01/22 14:16 Draghi Says ECB Had Consensus on Risk-Sharing Approach
BFW 01/22 14:10 Draghi Says ECB Wanted to Keep Risk Sharing in Place
BFW 01/22 14:01 Draghi Says ECB Purchases Will Allow Proper Price Formation
BN 01/22 14:24 *DRAGHI SAYS WAIVER ON GREEK DEBT WOULD BE NEEDED FOR PURCHASES
BFW 01/22 14:24 *DRAGHI SAYS ECB COULD BUY GREEK BONDS FROM JULY
BN 01/22 14:24 *DRAGHI SAYS ECB COULD BUY GREEK BONDS AFTER SMP REDEMPTIONS
BN 01/22 14:23 *DRAGHI SAYS ECB COULD BUY GREEK BONDS FROM JULY
BFW 01/22 14:23 *DRAGHI SAYS ECB DOESN’T HAVE SPECIAL RULE FOR GREEK DEBT
BN 01/22 14:23 *DRAGHI SAYS ECB DOESN'T HAVE SPECIAL RULE FOR GREEK DEBT
BFW 01/22 14:21 *DRAGHI SAYS ECB WILL BUY BONDS WITH NEGATIVE YIELDS
BN 01/22 14:21 *DRAGHI SAYS ECB WILL BUY BONDS WITH NEGATIVE YIELDS
BFW 01/22 14:20 *DRAGHI SAYS DISCUSSION ON RISK SHARING IS FUTILE
BN 01/22 14:20 *DRAGHI SAYS DISCUSSION ON RISK SHARING IS FUTILE
BFW 01/22 14:19 *DRAGHI SAYS DIFFICULT TO DEFINE SHARE OF PUBLIC, PRIVATE BUYS
BN 01/22 14:19 *DRAGHI SAYS DIFFICULT TO DEFINE SHARE OF PUBLIC, PRIVATE BUYS
BFW 01/22 14:19 *DRAGHI SAYS COVERED-BOND MARKET SIZE NEXT YEAR UNCLEAR
BFW 01/22 14:18 *DRAGHI SAYS ABS MARKET SHOULD EXPAND IN COMING MONTHS
BN 01/22 14:18 *DRAGHI SAYS COVERED-BOND MARKET SIZE NEXT YEAR UNCLEAR
BN 01/22 14:18 *DRAGHI SAYS ABS MARKET SHOULD EXPAND IN COMING MONTHS
BN 01/22 14:18 *DRAGHI SAYS ABS-MARKET SIZE RELATIVELY SMALL
BN 01/22 14:16 *DRAGHI SAYS MOST CENTRAL BANKS HAVE ADEQUATE CAPITAL BUFFERS
BN 01/22 14:15 *DRAGHI SAYS MATURITIES RANGE BETWEEN 2 AND 30 YEARS
BFW 01/22 14:15 *DRAGHI: BIG MISTAKE TO TAKE QE AS EXCUSE FOR FISCAL EXPANSION
BN 01/22 14:14 *DRAGHI: BIG MISTAKE TO TAKE QE AS EXCUSE FOR FISCAL EXPANSION
BFW 01/22 14:12 *DRAGHI SAYS CONSENSUS ON RISK SHARING APPROACH
BN 01/22 14:11 *DRAGHI SAYS CONSENSUS ON RISK SHARING APPROACH
BFW 01/22 14:11 *DRAGHI SAYS LARGE MAJORITY ON NEED TO TRIGGER PURCHASES NOW
BN 01/22 14:11 *DRAGHI SAYS ECB HAD GOOD DISCUSSION ABOUT NEED FOR ACTION
BFW 01/22 14:11 *DRAGHI: MEETING WAS UNANIMOUS IN STATING PURCHASES POLICY TOOL
BN 01/22 14:11 *DRAGHI SAYS ECB DIDN'T NEED TO TAKE VOTE ON ACTION TODAY
BN 01/22 14:11 *DRAGHI SAYS LARGE MAJORITY ON NEED TO TRIGGER PURCHASES NOW
BN 01/22 14:11 *DRAGHI: MEETING WAS UNANIMOUS IN STATING PURCHASES POLICY TOOL
BFW 01/22 14:09 *DRAGHI SAYS ECB POLICY IS VERY EXPANSIONARY
BFW 01/22 14:09 *DRAGHI SAYS SUCCESS OF ECB POLICY HINGES ON GOVERNMENT ACTION
BN 01/22 14:08 *DRAGHI SAYS ECB POLICY IS VERY EXPANSIONARY
BN 01/22 14:08 *DRAGHI SAYS GROWTH-FRIENDLY FISCAL CONSOLIDATION IMPORTANT
BFW 01/22 14:08 *DRAGHI SAYS TODAY’S MEASURES WILL BOLSTER INFLATION
BN 01/22 14:08 *DRAGHI SAYS SUCCESS OF ECB POLICY HINGES ON GOVERNMENT ACTION
BFW 01/22 14:08 *DRAGHI SAYS MONETARY POLICY CAN CREATE BASIS FOR GROWTH
BN 01/22 14:08 *DRAGHI SAYS UP TO GOVERNMENTS TO IMPLEMENT STRUCTURAL REFORMS
BN 01/22 14:07 *DRAGHI SAYS MONETARY POLICY CAN CREATE BASIS FOR GROWTH
BN 01/22 14:06 *DRAGHI CITES SIGNALING EFFECT ON INFLATION EXPECTATIONS
BN 01/22 14:06 *DRAGHI CITES PORTFOLIO REBALANCING EFFECT
BN 01/22 14:06 *DRAGHI SAYS TODAY'S MEASURES WILL BOLSTER INFLATION
BN 01/22 14:06 *DRAGHI SAYS TODAY'S MEASURES WILL BE EFFECTIVE
BN 01/22 14:06 *DRAGHI SAYS ECB DOESN'T WANT TO ABANDON RISK-SHARING PRINCIPLE
BN 01/22 14:04 *DRAGHI SAYS OMT IS UNDER FULL RISK SHARING
BFW 01/22 14:04 *DRAGHI SAYS OMT IS READY TO BE USED
BN 01/22 14:04 *DRAGHI SAYS OMT IS READY TO BE USED
BN 01/22 14:02 *DRAGHI SAYS ECB WANTED TO MITIGATE FISCAL IMPLICATION CONCERNS
BN 01/22 14:02 *DRAGHI SAYS ECB WANTED TO KEEP RISK SHARING IN PLACE
BN 01/22 14:02 *DRAGHI SAYS PROGRAM IS VERY LARGE
BFW 01/22 14:02 *DRAGHI: RISK SHARING HAS NOTHING TO DO WITH POLICY SINGLENESS
BN 01/22 14:01 *DRAGHI: RISK SHARING HAS NOTHING TO DO WITH POLICY SINGLENESS
BFW 01/22 14:00 *DRAGHI SAYS ECB WILL ENSURE MARKET-PRICE FORMATION
BN 01/22 13:59 *DRAGHI SAYS EVERY POLICY OPERATION HAS FISCAL IMPLICATION
BN 01/22 13:58 *DRAGHI SAYS 25% LIMIT AIMS TO ENSURE PARI PASSU STATUS
BN 01/22 13:58 *DRAGHI SAYS 25% LIMIT WILL PREVENT BLOCKING MINORITY
BFW 01/22 13:57 *DRAGHI SAYS ISSUE LIMIT IS 25%
BFW 01/22 13:57 *DRAGHI SAYS ISSUER LIMIT IS 30%
BN 01/22 13:57 *DRAGHI SAYS ISSUE LIMIT IS 25%
BN 01/22 13:57 *DRAGHI SAYS ISSUER LIMIT IS 30%
BN 01/22 13:57 *DRAGHI SAYS ECB WILL ENSURE MARKET-PRICE FORMATION
BN 01/22 13:52 *DRAGHI SAYS LENDING TO COMPANIES REMAINS WEAK
BN 01/22 13:50 *DRAGHI SEES INFLATION INCREASING GRADUALLY LATER IN 2015, 2016
BFW 01/22 13:50 *DRAGHI SAYS LOW, NEGATIVE INFLATION UNAVOIDABLE
BN 01/22 13:50 *DRAGHI SAYS LOW, NEGATIVE INFLATION UNAVOIDABLE
BN 01/22 13:49 *DRAGHI SAYS INFLATION SEEN VERY LOW, NEGATIVE IN COMING MONTHS
BFW 01/22 13:48 *DRAGHI SAYS RISKS TO ECONOMIC OUTLOOK ARE ON DOWNSIDE
BN 01/22 13:48 *DRAGHI SEES RECOVERY DAMPED BY UNEMPLOYMENT, UNUSED CAPACITY
BN 01/22 13:48 *DRAGHI SAYS EXPORTS SHOULD BENEFIT FROM GLOBAL RECOVERY

Draghi Says ECB Will Buy Bonds With Negative Yields
2015-01-22 14:24:14.907 GMT


By Jennifer Ryan
(Bloomberg) -- “We don’t have any special rules for
Greece,” Draghi says in press conference in Frankfurt.
* “We have basically rules that apply to everybody; there are
obviously some conditions before we buy Greek bonds”
Link to story:
Greek Election Battle in Final Days With Syriza Maintaining Lead
Link
ECB’s Draghi Announces Asset-Purchase Plan of 60 Billion Euros
Each Month Link


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To contact the reporter on this story:
Jennifer Ryan in London at +44-20-3525-3492 or
jryan13@bloomberg.net

To contact the editor responsible for this story:
Brian Swint at +44-20-3525-3444 or
bswint@bloomberg.net

>>> ECB's Draghi: To buy government debt up to a percentage that will facilitate

ECB's Draghi: To buy government debt up to a percentage that will facilitate proper price formation - Q&A 
- Will not buy more than 25% of each issue, not more than 33% of each issuer
- ECB will be pari passu with investors
- Sovereign bond purchases will not be subject to loss sharing
- Every monetary policy operation always has fiscal implications
- Implementing 20% risk sharing to mitigate concerns in many eurozone nations about potential future QE developments

>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: CTP -14.6%, FFIV -13.7%, SLM -7.7%, XLNX -7.7%, SNDK -6.5%, (also expands stock repurchase program by $2.5 bln), XRS -3.6%, FCS -3.5%, DLB -2.5%, DFS -2.4%, AXP -2%, RY -1.8%, IAG -1.3%, VZ -0.6%

Select EU pharma names showing weakness: NVO -2.4%, NVS -2.3%, SHPG -2%, AZN -1.2%

Select metals/mining stocks trading lower: CLF -2%, AUY -1.9%, HMY -1.6%, EGO -1%, ABX -0.9%, NEM -0.9%, GDX -0.8%

Other news: OTIC -7.9% ( announces the launch of its proposed follow-on public offering of ~$75 mln of its common stock ), ASPX -6.1% ( announces 4.0 mln share offering), ALTR -3.5% (following XLNX results), XON -3.3% (prices 3,750,000 shares of common stock at $27.00 per share), KERX -2% (prices 9,166,667 shares at $12.00 per share), MDVN -2% (Medivation and Astellas Pharma announce topline results from the Phase 2 TERRAIN trial), CLDT -1.8% (priced its upsized public offering of 3.5 mln common shares at a per share public offering price of $30.00), BMRN -1.8% (prices 8,500,000 shares of common stock at price of $93.25 per share), PBYI -1.5% (prices 1 mln shares of its common stock at $190.00 per share), CSCO -1.3% ((Oracle CEO Larry Ellison's said Oracle's new generation of engineered systems will be 50% cheaper than current offerings, also may be on FFIV results), JNPR -1.1% (on FFIV results), TSL -0.9% (comments on ITC's final determination in anti-dumping duty and countervailing duty investigations)

Analyst comments: ARWR -5.2% (downgraded to Hold from Buy at Deutsche Bank), PCAR -0.6% (downgraded to Underperform at BMO Capital), FLR -0.5% (downgraded to Neutral from Buy at BofA/Merrill)

>>> US Gapping up

Gapping up
In reaction to strong earnings/guidance: LOGI +11.1%, CVTI +9%, BGG +6.4%, CY +5.9%, EBAY +3%, (also announced it is also be exploring strategic options for eBay Enterprise), UNP +2.3%, URI +2.2%, UAL +2.2%, HBAN +1.4%, NTCT +1.3%, BPOP +1.3%

M&A news: CYN +20.6% (to be acquired by RY for $93.80/share), PT +9.5% (shareholders are meeting today to vote on sale of PT Protugal to OIBR), BBRY +4.1% (Samsung (SSNLF) still considering purchase of BBRY, according to reports), OIBR +1.6% (shareholders are meeting today to vote on sale of PT Protugal to OIBR)

Select oil/gas related names showing strength: PBR +4.1%, RIG +2.7%, TOT +1.7%, BP +1.7%, RDS.A +1.7%, SSL +1.5%, HAL +0.9%

Other news: CLRX +30.4% (CollabRx and Medytox Solutions sign Non-Binding Letter of Intent for possible business combination), LAS +30.2% (announces management share purchase), NERV +21.4% (reports positive phase 1 data with MIN-202, Selective Orexin-2 Antagonist for treatment of sleep disorders including primary and comorbid insomnia), FXCM +12.4% (cont bounce pre-mkt), NADL +11.1% (launches amendment process for NADL NOK 1.5 bln Bond Maturing in 2018), SDRL +4.8% (spin off North Atlantic Drilling (NADL) launches amendment process for NADL NOK 1.5 bln Bond Maturing in 2018 ), GCI +4% (reports that Carl Icahn nominated two directors; 'Focus is on governance at spin off- sources. 13d expected shortly'), SBSI +3.9% (still checking), GOL +3.3% (announces new corporate structure and corporate governance), ENDP +2.9% (to replace COV in the S&P 500), LUV +2.4% (in symp with UAL's earnings), GT +1.7% (Department of Commerce announced its determination in the antidumping duty investigation of imports of certain passenger vehicle and light truck tires from China)

Analyst comments: ALU +4% (upgraded to Buy from Neutral at Goldman -- Added to Conviction Buy List), CHUY +2.8% (upgraded to Outperform from Market Perform at Wells Fargo), RIO +2.2% (upgraded to Buy at Investec), VALE +2.1% (initiated with a Buy at Societe Generale ), NOK +1.8% (reinstated with a Buy at Goldman), SODA +1.5% (upgraded to Hold from Sell at Stifel), BLUE +0.9% (reinstated with a Buy at BofA/Merrill)