Global Short Interest Update

The DESLI Global 50 which tracks the change in short interest for the 50 largest global companies jumped 1.7% yesterday. In Europe, we expect earnings results from Swatch (SWGNF.PK), Kuoni, Rio Tinto (RTP) and Ahold (AHO). The short base for Rio Tinto is very low.

The U.S. will report the latest jobless data, and will also be holding a number of regular Treasury Auctions. This week the U.S. regulator, the SEC, announced that it was reopening the consultation period on the uptick rule proposals.

We expect a large number of earnings announcements from the retail sector Sears (SHLD), Barnes & Noble (BKS), Van Heusen (PVH), PetsMart (PETM) and Buckle (BKE). Buckles short base is around 14% and rising.

In Asia, the Chinese market has been volatile after its recent strong bull run; analysts noted the associated weakness in commodity prices this week.

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