Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters. You can share your thoughts with Thyagaraju Adinarayan
(thyagaraju.adinarayan@thomsonreuters.com), 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 THE RADAR: AIRLINES, HENKEL AND LAFARGEHOLCIM (0650 GMT)
European futures are pointing to a higher open as more countries get ready to ease some of
the coronavirus lockdown measures.
In the corporate front, there’re some positive results: Henkel, the maker of
Persil detergent and Schwarzkopf shampoo, reported a big jump in Q1 sales of laundry detergents
and household cleaners, which offset sales in coronavirus-hit adhesives and beauty care
divisions.
Leg Immobilien has confirmed its 2020 earnings forecast after Q1 results.
Meantime, other corporates struggle to see some clarity, Nordex said it is not
sure when it could issue a new 2020 outlook.
More pressure on airlines: easyJet urged the UK to keep any quarantine requirements
on travellers arriving in the UK for only a short period, as airlines face a new threat to their
survival after British PM said yesterday that a quarantine will soon be needed for people flying
to the country to prevent infections from abroad.
In the M&A front, LafargeHolcim's deal to sell its $2.15 billion Philippines
business to industrial group San Miguel Corporation fell through.
Thyssenkrupp said it has less time for its restructuring plan than expected as
"the difficult economic situation at Thyssenkrupp is being significantly intensified by corona",
its CEO said in a note to staff.
(Joice Alves)
*****
EYES ON EASING LOCKDOWNS (0540 GMT)
European futures are pointing to an open in the black as more European countries get ready
to ease some of the coronavirus lockdown measures, even as Germany reported a pick up in new
cases just days after its leaders loosened social restrictions.
In France, shops and hair salons can reopen today after eight weeks of lockdown.
. In the UK, PM Boris Johnson said on Sunday the COVID-19 lockdown will not end yet
but some 'careful' easing will begin.
Stocks are seen continuing on the positive vibe seen on Friday when easing tensions between
the world's two largest economies and better than expected U.S. unemployment data lifted
markets.
(Joice Alves)
*****
(Reporting by Joice Alves, Julien Ponthus, Stefano Rebaudo and Thyagaraju Adinarayan)
easyJet (EZJ)
