focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

LIVE MARKETS-What's on our radar

Mon, 23rd Sep 2019 07:59

* European shares seen opening lower

* Asian shares dip, investors wait for clarity on Sino-US talks

* Eyes on travel sector after Thomas Cook collapses
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

WHAT'S ON OUR RADAR (0659 GMT)

European shares are expected to start the week on a softer footing amid fresh uncertainty
over Sino-U.S. trade talks, with futures pointing to losses of around 0.2-0.3% for major
euro-zone benchmarks while a weaker pound could help the FTSE outperform.

On the corporate front, eyes on the travel sector after the world's oldest travel firm
Thomas Cook collapsed, entering compulsory liquidation and leaving hundreds of thousands
of travellers stranded. Thomas Cook shares have been suspended with immediate effect.

Two traders said travel operator TUI could benefit from the demise of its rival
and sees TUI shares opening up 4%. Eyes also on airlines, which could be supported as Thomas
Cook’s collapse is expected to remove overcapacity in the sector.

But package holiday provider On The Beach has warned of a one-time charge as it
makes alternate arrangements for passengers affected by the shutdown. Other stocks linked to
tourism such as Amadeus, Melia and NH HOTEL will also be on
investors' radars.

Elmos Semiconductor is seen rising as much as 5% after it agreed to sell Silicon
Micro, while German real estate company Vonovia could be hit after it agreed to buy
Swedish Hembla from Blackstone. Still in dealmaking, Bloomberg reported that private equity firm
Advent is in talks to join Bain in its takeover bid for Germany's Osram, a move that
could further fuel the bidding war with AMS for the lighting group.

A profit warning from Deutz is seen sending shares in the engine maker down 5%.
Marks & Spencer Group Plc is seen under pressure after its CFO stepped down after little
more than a year. In the battered banking sector, Spanish banks could benefit after S&P’s
upgraded the country's credit rating.

Other stock movers: Vivendi set to widen legal battle against Mediaset beyond Italy-sources;
Utility EDF warned of a 24-hour strike starting Monday Sept. 23; Sports Direct makes cash offer
for Goals Soccer Centres; Deutsche Bank, BNP reach transition agreement for global prime finance
platform; Budget carrier XL Airways seeks rescue deal with Air France; UBS won't pass negative
interest rates to small savers -COO;

(Danilo Masoni)

EUROPE SEEN STARTING WEEK DOWN SLIGHTLY (0530 GMT)

European shares are expected to start the week on a weaker footing following losses in Asia
overnight and ahead of the latest flash PMI data for services and manufacturing.

Spreadbetters at IG expect London's FTSE to open 6 points lower at 7,339, Frankfurt's DAX to
open 32 points lower at 12,437, and Paris' CAC to open 15 points lower at 5,676.

Most Asian share markets fell as investors waited for more clarity on the Sino-U.S. trade
talks after recent negotiations.

(Danilo Masoni)

*****
(Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)

Related Shares

More News
30 Sep 2019 09:43

Some Thomas Cook customers will wait 60 days for refunds - CAA

(Sharecast News) - Some Thomas Cook customers may have to wait for at least two months to receive a refund after the travel firm collapsed last week, ...

24 Sep 2019 20:07

Germany to offer 380 mln euro bridging loan to Condor

BERLIN, Sept 24 (Reuters) - Germany has decided to guarantee a bridging loan of 380 million euros to Condor, the German airline owned by insolvent B...

24 Sep 2019 18:38

RPT-German govt, Hesse line up bridge loan of nearly 400 mln euros for Condor - sources

BERLIN, Sept 24 (Reuters) - The German government and state of Hesse want to jointly support Condor, the German airline owned by insolvent British t...

24 Sep 2019 14:27

Thomas Cook collapse affects 53,000 British nationals in Spain - tourism minister

MADRID, Sept 24 (Reuters) - The collapse of British travel firm Thomas Cook has affected 53,000 Britons in Spain, Spanish Acting Tourism Minister Re...

24 Sep 2019 12:18

UK accounting regulator mulls examining Thomas Cook failure

LONDON, Sept 24 (Reuters) - Britain's Financial Reporting Council said on Tuesday it was considering investigating the collapse of travel company Th...

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.