DAILY EUROPEAN EQUITIES OPENING NEWS: Altice (ATC NA) – Co. seeks up to EUR 3bln for Dominican Republic business, according to sources.

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24 November 2017

ASIA
Asia equity markets traded with an indecisive tone as markets lacked impetus with US away from market and mainland Chinese markets reeling from yesterday’s late sell-off. ASX 200 (-0.1%) and Nikkei 225 (+0.1%) were negative at the open with the latter dampened by a firmer currency on return from holiday, while Mitsubishi Materials underperformed as its shares dropped nearly 10% after the Co. disclosed it had falsified product data. However, Japanese stocks then reversed losses in late trade underpinned by a mild rebound in USD/JPY. Hang Seng (+0.5%) and Shanghai Comp. (-0.1%) were mixed with the mainland index jittery after its 2.3% decline on Thursday which was attributed to tighter regulations and deleveraging concerns, as well as a slump in the bond market.

FTSE

Unilever (ULVR LN) – Co. drafts in search firm to look for new CEO. (Newswires)

Vodafone (VOD LN) – Co. is said to be looking at an IPO of its NZ business. (Newswires)              

FTSE Reshuffle: According to reports in The Times, Babcock (BAB LN), Mediclinc (MDC LN) and Merlin Entertainments (MERL LN) are all vulnerable to a potential drop into the FTSE 250 on December 15th, while Just Eat (JE/ LN), DS Smith (SMDS LN) and Halma (HLMA LN) are thought to be contenders for promotion. (Times)

BROKER RECOMMENDATION 

CENTRICA (CNA LN) UPGRADED TO NEUTRAL FROM SELL AT GOLDMAN SACHS
SEVERN TRENT (SVT LN) UPGRADED TO NEUTRAL FROM UNDERPERFORM AT EXANE
EXPERIAN (EXPN LN) UPGRADED TO NEUTRAL AT EXANE

DAX

BROKER RECOMMENDATIONS

CAC

SFR (SFR FP) – Artemis, the Pinault family holding is performing due diligence on the magazine Point de Vue ahead of a possible acquisition. (Newswires)

BROKER RECCOMENDATIONS

PAN-EUROPE

Altice (ATC NA) – Co. seeks up to EUR 3bln for Dominican Republic business, according to sources. (Newswires)

BROKER RECOMMENDATIONS

SMI 

SCANDINAVIA

LUNDIN PETROLEUM (LUPE SS) DOWNGRADED TO UNDERPERFORM FROM NEUTRAL AT EXANE

US
S&P 500 at; Dow Jones at; Nasdaq-100 at 
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24 Nov 2017 - 06:47- Research Sheet- Source: RANsquawk

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