Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta

Email Facebook Twitter

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential

Finance & Stock Market News

LIVE MARKETS-Futures fall, eyes on Nestle, Thyssenkrupp, earnings

Thu, 16th May 2019 07:17

* European shares seen opening lower * Stock index futures open down 0.1-0.3% * Nestle enters exclusive talks to sell skin health business * Earnings: Generali, NN Group, Bouygues * Asian shares fall after US blacklists Huawei Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net FUTURES FALL, EYES ON NESTLE, THYSSENKRUPP, EARNINGS (0614 GMT) Besides news from the hot Sino-U.S. front (the U.S. sanctions against Huawei), which are set to weigh on the European open today, there is some dealmaking activity and more earnings updates that could keep investors busy this morning. Futures on main European country benchmarks are down between 0.1% and 0.3%. Nestle is on the watchlist after the Swiss food giant said it entered exclusive negotiations to sell its skin health business to a private equity-led consortium in a deal worth 10.2 billion Swiss francs. Still in M&A, Reuters reported that Finland's Kone is assessing the viability of a bid for Thyssenkrupp's 14 billion-euro elevators division even as the German conglomerate pursues plans to list it. Among the early morning earnings to digest we have those from insurers Generali and NN Group, which both beat profit estimates, while French group Bouygues keept its goals after better-than-expected first quarter results. Overseas we had good looking updates from Cisco, which reported better-than-expected quarterly earnings and gave an upbeat sales forecast, while Chinese e-commerce giant Alibaba beat fourth-quarter revenue forecasts, helped by diversification into cloud computing. Tencent Holdings posted a record quarterly profit. Back to Europe, sources said that Commerzbank plans to hold an extraordinary meeting of its supervisory board on May 21 to discuss strategy, while the organisation that defends shareholder interests in the Netherlands called on ING Groep to clarify whether it is interested in acquiring its German rival. ING as well as Italy's UniCredit are seen as possibly interested in a tie-up with Commerzbank. Here are other possible stock-moving headlines: French group Bouygues keeps goals as Q1 operating loss narrows Generali Q1 profit beats forecast, rule changes weigh on capital Insurer NN Group Q1 core profit surges 50%, beats estimates Sunrise boosts FY profit guidance after Q1 profit growth Ubisoft's fourth quarter misses company's expectations Euronext's first-quarter core profit drops as costs bite Spun-off Alcon gives first full-year guidance as it posts flat sales U.S. tariffs against Airbus would harm Delta - airline official Britain's NSF presses on with $1.7 bln Provident hostile bid Telecom Italia and Vodafone to sign deal to merge towers in Italy by summer end UniCredit chairman does not rule out industry rescue of Carige (Danilo Masoni) ***** EUROPEAN SHARES SEEN DOWN AGAIN AS US BLACKLISTS HUAWEI (0526 GM) European shares are expected to open lower this morning after the U.S. administration hit Chinese telecoms giant Huawei with severe sanctions, risking add more stress to the difficult trade talks between the world's two largest economies. In the previous session European stocks surged after U.S. officials said President Donald Trump was expected to delay auto tariffs by up to six months. Financial spreadbetters at IG expect London's FTSE to open 32 points lower at 7,265, Frankfurt's DAX to open 56 points lower at 12,043, and Paris' CAC to open 18 points higher at 5,360, after Asian shares fell overnight following the U.S. blacklisting of Huawei. "While the suspension of auto tariffs is welcome it certainly doesn't mean that President Trump can’t create ripples in other ways, and this is reflected in the more mixed reaction amongst Asia markets. This in turn is expected to translate into a lower European open later this morning," says Michael Hewson, Chief Market Analyst at CMC Markets. (Danilo Masoni) *****

(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html

Back to Finance News

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.