Ion-Marc Valahu répond à Bloomberg – 05.06.2014

“The ECB decision comes in broadly as expected and volatility is picking up in the markets,” Ion-Marc Valahu, a co-founder and fund manager at Clairinvest in Geneva, wrote in an e-mail. “We’ve just got one piece of the puzzle. We will get more details when Draghi speaks at the press conference in 45 minutes.”

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U.S. Stock-Index Futures Gain on ECB Action as Sprint Advances
2014-06-05 11:57:40.244 GMT

By Jonathan Morgan
June 5 (Bloomberg) — U.S. stock-index futures advanced as the European Central Bank lowered interest rates to boost the economy and promised more policy decisions later today.
Sprint Corp. advanced 1.6 percent in early New York trading after people with knowledge of the matter said it is nearing a price agreement for a potential acquisition of T-Mobile US Inc.
Twitter Inc. added 1.8 percent after Pacific Crest Securities started coverage of the shares with a rating similar to buy.
Futures on the Standard & Poor’s 500 Index expiring this month rose 0.2 percent to 1,928.8 at 7:56 a.m. in New York. The benchmark equity gauge gained 0.2 percent yesterday to an all- time high amid better-than-estimated data on service industries.
Dow Jones Industrial Average contracts increased 40 points, or
0.2 percent, to 16,758 today.
“The ECB decision comes in broadly as expected and volatility is picking up in the markets,” Ion-Marc Valahu, a co-founder and fund manager at Clairinvest in Geneva, wrote in an e-mail. “We’ve just got one piece of the puzzle. We will get more details when Draghi speaks at the press conference in 45 minutes.”
The European Central Bank cut its deposit rate below zero and said it would announce further measures later today.
President Mario Draghi reduced the deposit rate to minus 0.10 percent from zero, making the institution the world’s first major central bank to use a negative rate.
Policy makers also lowered the benchmark rate to 0.15 percent from 0.25 percent. Draghi will hold a press conference at 2:30 p.m. in Frankfurt.

T-Mobile Deal

Sprint climbed 1.6 percent to $9.55 in early New York trading. The third-largest U.S. wireless carrier is nearing an agreement that could value T-Mobile US Inc. at almost $40 a share, according to people with knowledge of the matter. The deal covering the price, capital structure and termination fee could be announced as soon as July, the people said.
T-Mobile fell 1.1 percent to $33.90 in early New York trading.
Twitter rose 1.8 percent to $33.50 in pre-market trading.
Pacific Crest rated the shares outperform, projecting a gain in their price to $45 in 12 months.
Inovio Pharmaceuticals Inc., a developer of cancer drugs, added 5.7 percent to $2.41 in early New York trading before its
1-for-4 reverse stock split comes into effect today. Trading on the consolidated shares will begin tomorrow.

For Related News and Information:
Developed Markets View: DMMV
World Stock Indexes: WEI
S&P 500 Market Map: SPX IMAP Top Stories on Stocks: TOP STK Equity Screening: EQS
Graphing: GRAPH
Feature Stories on Stocks: TNI STK GREET

To contact the reporter on this story:
Jonathan Morgan in Frankfurt at +49-69-92041-207 or jmorgan157@bloomberg.net To contact the editors responsible for this story:
Cecile Vannucci at +44-20-3525-7032 or
cvannucci1@bloomberg.net
Srinivasan Sivabalan