Market News

EU indices mixed | TA focus on Renault

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INDICES
Yesterday, European shares had been mixed. The Stoxx Europe 600 Index declined 0.14%, Germany’s DAX 30 eased a similarly 0.12%, France’s CAC forty used to be little changed, whilst the U.K.’s FTSE a hundred delivered 0.16%.

EUROPE ADVANCE/DECLINE
51% of STOXX 600 parts traded decrease or unchanged yesterday.
40% of the shares alternate above their 20D MA vs 41% Wednesday (below the 20D transferring average).
57% of the shares exchange above their 200D MA vs 56% Wednesday (below the 20D transferring average).

The Euro Stoxx 50 Volatility index eased 0.46pt to 28.99, a new 52w high.

SECTORS vs STOXX 600
3mths relative high: Retail, Autos, Media
3mths relative low: none

Europe Best three sectors
travel & leisure, motors & parts, banks

Europe worst three sectors
technology, primary resources, chemicals

INTEREST RATE
The 10yr Bund yield rose 2bps to -0.59% (below its 20D MA). The 2yr-10yr yield unfold fell 1bp to -20bps (below its 20D MA).

ECONOMIC DATA
UK 07:00: Sep Retail Sales ex Fuel YoY, exp.: 4.3%
UK 07:00: Sep Retail Sales ex Fuel MoM, exp.: 0.6%
UK 07:00: Sep Retail Sales YoY, exp.: 2.8%
UK 07:00: Sep Retail Sales MoM, exp.: 0.8%
FR 08:15: Oct Markit Composite PMI Flash, exp.: 48.5
FR 08:15: Oct Markit Manufacturing PMI Flash, exp.: 51.2
FR 08:15: Oct Markit Services PMI Flash, exp.: 47.5
GE 08:30: Oct Markit Manufacturing PMI Flash, exp.: 56.4
GE 08:30: Oct Markit Services PMI Flash, exp.: 50.6
GE 08:30: Oct Markit Composite PMI Flash, exp.: 54.7
EC 09:00: Oct Markit Manufacturing PMI Flash, exp.: 53.7
EC 09:00: Oct Markit Services PMI Flash, exp.: 48
EC 09:00: Oct Markit Composite PMI Flash, exp.: 50.4
UK 09:30: Oct Markit/CIPS Composite PMI Flash, exp.: 56.5
UK 09:30: Oct Markit/CIPS UK Services PMI Flash, exp.: 56.1
UK 09:30: Oct Markit/CIPS Manufacturing PMI Flash, exp.: 54.1
GE 13:00: Bundesbank Mauderer speech

MORNING TRADING
In Asian buying and selling hours, the ICE Dollar Index climbed above the ninety three level, as EUR/USD fell to 1.1800 and GBP/USD slid to 1.3070. USD/JPY retreated to 104.73. This morning, legit information confirmed that Japan’s country wide CPI was once flat on yr in September (as expected). NZD/USD was once greatly flat at 0.6676. Government statistics launched in the past these days confirmed that New Zealand’s 3Q CPI grew 1.4% on 12 months (+1.7% expected).

Spot gold edged up to $1,916 an ounce.

#UK – IRELAND#
Barclays, a banking group, put up 3Q adjusted earnings earlier than tax declined 32.6% on 12 months to 1.22 billion kilos and internet running earnings dropped 9.5% to 4.60 billion kilos on internet hobby profits of 2.06 billion pounds, down 16.0%. CET1 ratio climbed to 14.6% from 13.4% in the prior-year period. The financial institution stated: “The Board recognises the significance of capital returns to shareholders and will supply an replace on its coverage and dividends at FY20 results.”

London Stock Exchange, a inventory market operator, suggested that 3Q income grew 1% (+2% on an organic and steady forex basis) to 524 million kilos and 9-month income used to be up 3% (+3% on an natural and regular forex basis) to 1.58 billion pounds.

InterContinental Hotels Group, a hospitality company, issued a 3Q buying and selling update: “Trading expanded in the 1/3 quarter, though growth continues to range with the aid of region. RevPAR declined 53%, in contrast to a 75% decline in the prior quarter, whilst occupancy was once 44%, up from 25% in Q2.”

#GERMANY#
Daimler, an car group, introduced that 3Q internet earnings rose 19% on yr to 2.16 billion euros and EBIT extended 14% to 3.07 billion euros on income of 40.28 billion euros, down 7%. The organisation stated it expects full-year income to be considerably decrease than in the preceding year, whilst EBIT is now estimated to be at prior-year’s degree (previously decrease than remaining year).

#FRANCE#
Renault, a automobile manufacturer, introduced that 3Q income dropped 8.2% on 12 months (-3.2% at consistent alternate costs and perimeter) to 10.37 billion euros and automobile income had been down 6.1% to 806,320 units. The organization introduced that “September confirmed a fantastic momentum, specifically marked in Europe, the place Group’s income had been up 8% in a market up 3%”.
From a every day factor of view, the inventory is dealing with the key resistance in vicinity due to the fact July at 25.9E. Below this key level, a new down leg is excepted with the horizontal guide at 20.8E as first goal and the guide place of April and May at 15.8E in extension.

Kering, a luxurious items company, posted 3Q income dropped 4.3% on yr (-1.2% same basis) to 3.72 billion euros and 9-month income used to be down 21.1% (-20.6% on a same basis) to 9.10 billion euros.

Iliad, a telecommunication services provider, stated it has agreed to promote 60% of the organization that will control Play’s cellular telecommunications passive infrastructure to Cellnex for 804 million euros.

LVMH, a luxurious items conglomerate, stated it has determined to pay an period in-between dividend of two euros per share on December 3, and the remaining buying and selling day with period in-between dividend rights is November 30.

#ITALY#
Moncler, a luxurious trend brand, posted 3Q income declined 15% on 12 months to 362 million euros, down 14% at consistent trade rates.

#SWITZERLAND#
ABB, a strength and automation company, mentioned that 3Q internet profits jumped to 4.53 billion dollars, citing a 5.3 billion greenbacks pre-tax e book reap on the sale of Power Grids. Operational EPS used to be down 36% on 12 months to 0.21 greenback and operational EBITA fell 2% to 787 million greenbacks on income of 6.58 billion dollars, down 4% (-4% on a similar basis).

#FINLAND#
Nordea Bank, a economic offerings group, posted a 3Q internet earnings of 837 million euros, in contrast with a internet loss of 332 million euros in the prior-year period, as internet mortgage losses decreased to almost zero from 331 million euros. Meanwhile, internet pastime earnings rose 6% on 12 months (+8% in neighborhood currency) to 1.15 billion euros. The financial institution introduced that it intends to pay out a dividend for monetary 12 months 2019 and will evaluation the state of affairs in 4Q.

EX-DIVIDEND
Akzo Nobel: E0.43, Neste: E0.46

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