DAILY EUROPEAN EQUITIES OPENING NEWS:

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The Daily European Equity Opening News is uploaded at 0700BST/0100CDT recapping all of the overnight equity news

From 0700BST/0100CDT all equity news will be covered in real time over the audio and headline feed and the full audio rundown will be at 0715BST/0115CDT.

There will be an additional audio rundown at 0750BST/0150CDT recapping any company news which has hit the wires since 0715BST/0115CDT ahead of the European equity open

 

19th October 2017

ASIA

Asia equity markets trade mixed after a mostly positive close on Wall St. where all 3 majors posted fresh intraday records and the DJIA extended above 23K powered by IBM’s best performance in 8 years, while the region also digests a slew of tier 1 Chinese data including Q3 GDP which printed inline with estimates. ASX 200 (+0.2%) and Nikkei 225 (+0.7%) are higher with the latter outperforming as it coat-tailed on USD/JPY’s reclaim of the 113.00 handle. Elsewhere, Hang Seng (-0.1%) and Shanghai Comp. (-0.4%) are less enthusiastic as participants mull over the latest data in which Chinese GDP met expectations but still slowed from prior.

FTSE

OTHER UK COMPANIES

BROKER RECOMMENDATIONS

DAX

SAP (SAP GY) – Co. Q3 Non-IFRS Net EUR 1.21bln vs. Prev. EUR 1.09bln y/y, non-IFRS Op profit EUR 1.64bln vs. Exp. EUR 1.69bln, revenue EUR 5.59bln vs. Exp. EUR 5.71bln. (Newswires)

OTHER GERMAN COMPANIES

 

Freenet (FNTN GY) – The telecom service provider has replaced a post-2016 bridge finance loan with a EUR 710mln, 5 year bank loan. (Newswires)

 

BROKER RECOMMENDATIONS

 

BMW (BMW GY) DOWNGRADED TO UNDERWEIGHT FROM EQUAL WEIGHT  AT MORGAN STANLEY

 

CAC

Carrefour (CA FP) – Revenue EUR 21.86bln vs Exp. EUR 21.84, LFL sales -0.9% vs. Exp -0.5%. (Newswires)

Danone (BM FP) - The co. appoints CEO Faber as chair. (Newswires)

Total (FP FP) – The US congress decision on the Iran nuclear deal could clarify Washington’s stance on the international accord and could result in a positive outcome for the Co., due to its planned USD 5bln Iran gas project, according to the Total CEO. (Newswires)

OTHER FRENCH COMPANIES

Dassault Aviation (AM FP) – The co. says that all options are open for the falcon 5X engine. (Newswires)

Pernod Ricard (RI FP) – Co. reports Q1 revenue EUR 2.29bln vs. Exp. EUR 2.26bln. (Newswires)

Publicis (PUB FP) – Co. reports Q3 revenue EUR 2.26bln vs. Exp. EUR 2.34bln, organic growth +1-2% Y/Y. (Newswires)

BROKER RECCOMENDATIONS

PAN-EUROPE

Mediaset (TL5 SM) – 9 month net profit EUR 146mln and 9 month Revenue EUR 701mln. (Newswires) 

BROKER RECOMMENDATIONS

SMI

Nestle (NESN VX) – The Co. reports revenue CHF 22.3bln vs. Exp. CHF 22.5bln. (Newswires)

Roche (ROG VX) – Co. reports Q3 revenue CHF 13.1bln vs. Exp. CHF 13.14bln, affirms FY17 core EPS to grow broadly in line with sales. Further, reports 9 month sales have increased 5% to CHF 39.4bln; further, Co. confirm outlook. (Newswires)

Zurich (ZURN VX) – Co. estimates net claims related to Hurricanes Harvey, Irma and Maria of USD 700mln. (Newswires)

BROKER RECCOMENDATIONS

SCANDINAVIA

BROKER RECOMMENDATIONS

 

US

Despite the three major indices posting intra-day record highs, stocks were mixed on Wednesday; the Dow managed to stay above the 23,000 mark for most of the session, spurred by IBM, which reported decent numbers after the bell yesterday. However, other tech stocks struggled, and the Nasdaq went negative in late trade.

 

Financials were the best performer, taking its their cue from a steeper Treasury curve. On the other end of the scale, energy stocks were weighed on by a choppy session for crude, which was negative for much of the session following the weekly energy inventory data.

 

S&P 500 +0.07% at 2,561, DJIA +0.67% at 23,156, Nasdaq-100 -0.13% at 6,114

Best-Performing Sectors: Financials +0.52%, Tech +0.36%, Healthcare +0.18%

Worst-Performing Sectors: Energy -0.69%, Telecoms -0.66%, Utilities -0.09%

 

19 Oct 2017 - 06:53- EnergyResearch Sheet- Source: RANsquawk

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