>>> US Early premarket gappers

Early premarket gappers
Gapping up: CAPN +13.1%, BJRI +10.1%, GENE +6.9%, SSLT +6%, SSLT +6%, SIX +5.8%, IPAS +5.6%, SNPS +5.2%, HMY +5%, STAR +4.5%, TRN +4.3%, AVG +4%, TILE +3.6%, TMUS +3.5%, NVMI +3.4%, NBG +3.3%, MAR +3.3%, XPO +3.1%, ABX +3.1%, DTV +3%, IPI +2.8%, IAG +2.6%, GFI +2.5%, VA +2.2%, TK +2.2%, LPSN +2%, CRMT +2%, FL +1.9%, SLV+1.8%, LUV +1.8%, GDX +1.8%, DAL +1.7%, UAL +1.6%, AAL +1.6%, CCL +1.6%, EGO +1.3%, AG +1.1%, UIHC +1.1%, LOPE +1.1%, THRX +0.8%, SCG +0.8%, MNKD +0.7%

Gapping down: OCRX -17.6%, NLST -16.7%, CSLT -15.4%, KEYW -9.2%, EOG -7.4%, WTI -6.9%, CYBE -6.5%, CDE -6.1%, WLL -5.8%, PWR -5.8%, SCTY -5.2%, DENN -5%, LINE -4.7%, DAN -4.7%, CBB -4.5%, OAS -4.3%, GDP -3.4%, YUME -3.4%, STO -3.2%, SDRL -2.9%, BGS -2.8%, TOT -2.7%, TS -2.6%, ETE -2.6%, PWE -2.5%, SUNE -2.4%, NGL -2.3%, PBR -2.3%,AIMC -2.1%, CRZO -2%, OXY -2%, SLB -1.8%, HAL -1.8%, RIG -1.7%, CHK -1.7%, COP -1.6%, ARRS -1.5%, RGLS -1.5%, PCYC -1.3%, REMY -1.1%, AGI -1%

>>> Crude is back below the $50 levels...

  • Yesterday, at 4:30pm EST, WTI crude oil futures tanked following bearish data from the American Petroleum Institute (API)
  • API reported a huge oil storage build of 14.3 mln vs. the prior week which showed a build of 6.1 mln barrel, causing oil to initially fall to just above $51/barrel
  • Separately, the weekly EIA storage data will be coming out today. It's scheduled to be released at 11am EST

>>> Goldcorp misses by $0.05, beats on revs; reaffirms FY15 guidance given last

Goldcorp misses by $0.05, beats on revs; reaffirms FY15 guidance given last month 

Reports Q4 (Dec) earnings of $0.07 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus Estimate of $0.12; revenues fell 9.6% year/year to $1.09 bln vs the $1.01 bln consensus.

  • Co preannoucned results on Jan 12.
  • Gold sales totaled 707,900 ounces on record gold production of 890,900 ounces.
  • All-in sustaining costs1,4 were $1,035 per ounce.
  • Adjusted operating cash flow totaled $337 mln, or $0.41 per share
On January 12, Goldcorp announced production and cash cost guidance for 2015. The Company has forecast an ~20% increase in gold production to between 3.3 and 3.6 million ounces. All-in sustaining costs are expected to be between $875 and $950 per ounce of gold. Both gold production and cash cost guidance include the assumption of the completion of the Wharf divestiture before March 31, 2015. Capital expenditures for 2015 are forecast at between $1.2 and $1.4 billion, including ~$235 million at Cerro Negro, $215 million at Peñasquito, $115 million at Éléonore and $95 million at Cochenour.

Goldcorp also announced today proven and probable gold mineral reserves of 49.6 million ounces. Proven and probable silver mineral reserves totaled 789 million ounces, representing one of the largest silver reserves in the industry.

(BFW) ECB Accounts Show Most Members Saw QE As Only Available Option

ECB Accounts Show Most Members Saw QE As Only Available Option
2015-02-19 12:30:00.12 GMT



By Alessandro Speciale and Jeff Black
(Bloomberg) -- “Large number” of ECB Governing Council
members were “in favor of expanding the existing private-sector
asset purchase programs to include purchases of a broad
portfolio of securities of euro-area governments and agencies
and supranational institutions,” ECB accounts of Jan. 22
monetary-policy meeting show.
* “Purchases of sovereign debt appeared to be the only
remaining instrument of sufficient scope to provide the
necessary monetary stimulus to deliver on the ECB’s price
stability objective”
* “Some members” were in favor of “maintaining a wait-and-
see stance,” saw “no urgent need for monetary policy
action” at Jan. 22 meeting
* Those members saw “contained” risks of second-round
effects from low euro-area inflation, mon pol accommodation
already in the pipeline from existing measures
* Those members held it that “purchases of sovereign bonds
should remain a contingency instrument of monetary policy,
to be used only as a last resort in the event of an
extremely adverse scenario, such as a downward deflationary
spiral”
* While corp-bond purchases considered at Jan. 22 meeting, it
was “widely judged” that size of mkt offered “limited
scope for providing the degree of accommodation needed”
* ECB Executive Board member Peter Praet originally proposed
EU50b monthly purchases until end of 2016
* “Broad support” for “front-loading” purchases by raising
monthly purchases volume to EU60b until end of Sept. 2016
* NOTE: ECB Set to Unveil QE Dispute as Meeting Summaries Go
Public


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To contact the reporters on this story:
Alessandro Speciale in Frankfurt at +49-69-9204-1201 or
aspeciale@bloomberg.net;
Jeff Black in Frankfurt at +49-69-92041-205 or
jblack25@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net