George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

LIVE MARKETS-On our radar: Companies getting political

Thu, 04th Jun 2020 07:48

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and
Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo
(stefano.rebaudo@thomsonreuters.com) in Milan.

ON OUR RADAR: COMPANIES GETTING POLITICAL (0645 GMT)

European shares are seen lower this morning as investors wait to hear if the ECB will
provide more stimulus today or if it will hold until July.

Companies are getting political: Hong Kong-listed shares of HSBC and Standard Chartered rose
after the banks backed China's imposition of a national security law on the city. In England,
Nissan's car manufacturing plant in Sunderland, which employs 7,000, is "unsustainable" if there
is a no-deal Brexit, it said.

A regular report by Sweden's financial watchdog said, banks need to maintain their financial
strength and not make payouts to shareholders.

There is a lot about COVID-19 once again: Remy Cointreau expects its current
operating profit to fall by 45-50% in the first half of its 2020/21 fiscal year due to the
pandemic, although it sees a strong recovery in the second half. While Roche received
emergency use authorisation from the U.S. FDA for its Elecsys IL-6 test for COVID-19 patients.
And Wirecard forecasts no damage to business from the pandemic, the FT reported.

And more job cuts: Aston Martin to shed up to 500 jobs and Lookers plans to lay off 1,500
people. Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans
for two years, an approach which adds pressure to jobs.

In the M&A front, LVMH's Arnault mulls ways to renegotiate the deal with Tiffany.

Italy's Mediaset increased its direct stake in German counterpart ProSiebenSat.1
Media to 11.7% from 8.9%

(Joice Alves and Stefano Rebaudo)

*****

MORNING CALL: MORE FROM ECB? (0645 GMT)

After yesterday's solid show, European stocks are seen slowing down its rally a bit today
with European futures trading lower this morning as investors wait to hear from the ECB.

The central bank is expected to increase debt purchases to support the bloc's weakest
economies.

"The ECB is under the spotlight as never before," says Michael Hewson, chief market analyst
at CMC Markets UK. "And it may feel that with the current measures being implemented by
governments, and some improvements in the data, that waiting to the next meeting might be more
prudent, especially since it needs to convince the German courts its old asset purchase program
was within the rules," he said.

The Dax however is seen getting a boost from a bumper stimulus package agreed yesterday to
speed up Germany's recovery from the pandemic.

Elsewhere in the world, markets are showing that they are confident the worst is behind us.
Asian shares rose to a two-month high as government stimulus expectations are supporting
investor confidence in an economic recovery.

(Joice Alves)

******

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.