Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your
thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net
ON THE RADAR: BIG MOVES FOR PUBLICIS AND HUGO BOSS (0648 GMT)
Optimism on both the trade war and the Brexit fronts is seen lifting European stock markets
this morning. Futures are currently trading in the green at the exception of the FTSE which is
being dragged down by the rising pound.
There’s also plenty of corporate news likely to trigger sharp moves at the open such as for
France’s Publicis, which had to cut its full-year sales target for a second time and
has seen its rating cut by SocGen. There's a likely read-across for WPP which is also
expected to suffer.
After yesterday's stellar results for luxury, there could be hard landing to investors with
Hugo Boss cutting its 2019 earnings forecast, citing weak demand notably in Hong
Kong, a growing concern for the industry.
Germany’s SAP is on the rise after it published a strong set of third-quarter
results lifted by a major cloud-computing deal with its CEO standing down.
In the financial industry, Jupiter reported net ouflows of 1.3 billion pounds ($1.6
billion) in the third quarter while Man Group’s assets under management fell 1.5%.
In the nordics, Equinor said it would $549 million to build floating turbines to
supply power to several North Sea oil and gas platforms.
In what could be seen as a vote of confidence for London’s financial centre, EG Group is
reported considering an IPO which could value the company at over $12.44 billion.
The Renault/Nissan corporate saga is continuing to unfold with Renault's Thierry
Bollore, denouncing a "coup" against him.
Here are a few headlines:
SAP's McDermott steps down after decade as chief salesman and dealmaker
Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business
EG Group weighs IPO that could value co at over $12.44 bln- Bloomberg
BT launches 5G smartphone plans for consumers and businesses
Thyssenkrupp's top shareholder says never called for special dividend
Renault board to meet, as CEO denounces potential exit as 'coup'
Euronext sets new financial targets, ready for more M&A deals
Italy's Ferretti IPO postponed to Oct. 15 due to weak demand
Dart Group expects to exceed profit view on Thomas Cook liquidation
Ray-Ban Billionaire Leonardo Del Vecchio Plans To Lift His Stake In Mediobanca Above 10%- FT
Publicis CEO under pressure following second sales target cut
(Julien Ponthus and Joice Alves)
*****
RISK APPETITE FOR BREAKFAST (0531 GMT)
There clearly are positives vibes making their way from Asia and the U.S. this morning when
it comes to the U.S./trade war and that should be enough to lift European bourses at the open.
Trump's willingness to meet China's top trade negotiator is fuelling optimism that progress
can be achieved on an issue which has been a constant burden for investors for close to two
years now.
IG financial spreadbetters expect Frankfurt's DAX to open 35 points higher and Paris' CAC to
rise 14 points, adding on yesterday's gains.
While new found optimism on Brexit is participating to the risk-on build-up, the rise in the
pound is however weighing on British blue chips which often have heavy exposures to the dollar.
London's FTSE is seen opening 24 points lower.
(Julien Ponthus)
*****
($1 = 0.8028 pounds)
(Reporting by Danilo Masoni, Joice Alves, Josephine Mason, Julien Ponthus and Thyagaraju
Adinarayan)
UK earnings, trading statements calendar - next 7 days
Monday 15 April | |
Ashmore Group PLC | Trading Statement |
Ceres Power Holdings PLC | Full Year Results |
Engage XR Holdings PLC | Full Year Results |
Itaconix PLC | Full Year Results |
Mitie Group PLC | Trading Statement |
PageGroup PLC | Trading Statement |
Tuesday 16 April | |
Accesso Technology Group PLC | Full Year Results |
Ashtead Technology Holdings PLC | Full Year Results |
Billington Holdings PLC | Full Year Results |
Chapel Down Group PLC | Full Year Results |
Equals Group PLC | Full Year Results |
Gattaca PLC | Half Year Results |
Gresham Technologies PLC | Full Year Results |
IntegraFin Holdings PLC | Trading Statement |
Learning Technologies Group PLC | Full Year Results |
Next 15 Group PLC | Full Year Results |
Ninety One PLC and Ltd | Trading Statement |
Oxford Instruments PLC | Trading Statement |
Qinetiq Group PLC | Trading Statement |
Petra Diamonds PLC | Trading Statement |
Robert Walters PLC | Trading Statement |
Team17 Group PLC | Full Year Results |
Wednesday 17 April | |
Brooks Macdonald Group PLC | Trading Statement |
Hays PLC | Trading Statement |
Inspecs Group PLC | Full Year Results |
Liontrust Asset Management PLC | Trading Statement |
M Winkworth PLC | Full Year Results |
Menhaden Resource Efficiency PLC | Full Year Results |
Rio Tinto PLC | Trading Statement |
Saga PLC | Full Year Results |
Thursday 18 April | |
AJ Bell PLC | Trading Statement |
BHP Group Ltd | Trading Statement |
Devolver Digital Inc | Full Year Results |
Dunelm Group PLC | Trading Statement |
easyJet PLC | Trading Statement |
Foxtons Group PLC | Trading Statement |
Keystone Law Group PLC | Full Year Results |
LBG Media PLC | Full Year Results |
Pod Point Group Holdings PLC | Full Year Results |
Rentokil Initial PLC | Trading Statement |
Segro PLC | Trading Statement |
Friday 19 April | |
Man Group PLC | Trading Statement |
Comments and questions to newsroom@alliancenews.com | |
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