DAILY EUROPEAN EQUITIES OPENING NEWS: Elliott Management is said to be buying more of Stada's (SAZ GY) shares, and may surpass 10% ownership in the coming weeks.

**EUROPEAN EQUITY COVERAGE WILL ONLY COVER COMPANIES WITH A MARKET CAP GREATER THAN GBP 2BLN OR EUR 2BLN**

 

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

24th August 2017

ASIA

Asia equity markets traded with an indecisive tone following the downbeat finish on Wall St. where sentiment was dampened by Trump’s threats to shut down the government and terminate NAFTA. ASX 200 (+0.2%) was mildly positive amid strength in material names and with the largest movers in the index driven by recent earnings, while Nikkei 225 (-0.3%) declined as exporters suffered from USD/JPY’s brief slip to below 109.00. Elsewhere, Shanghai Comp. (Unch.) and Hang Seng (+0.1%) were choppy as the PBoC refrained from operations which resulted to a CNY 100bln daily net liquidity drain, while participants also digested a slew of earnings

FTSE

OTHER UK COMPANIES

BROKER RECOMMENDATIONS

 

EASYJET (EZJ LN) DOWNGRADED TO UNDERPERFORM AT EXANE

 

 

DAX


Lufthansa (LHA GY) – The co. submits a formal draft offer to acquire parts of Air Berlin. (Newswires)

Stada (SAZ GY) Elliott Management is said to be buying more of the co.’s shares, and may surpass 10% ownership in the coming weeks. (Newswires)

Volkswagen (VOW3 GY) - Audi's supervisory board is to hold an extraordinary meeting on Monday to decide on a management reshuffle, according to sources. (Newswires)

OTHER GERMAN COMPANIES

BROKER RECOMMENDATIONS

 

CAC

 

OTHER FRENCH COMPANIES

BROKER RECOMMENDATIONS

 

PAN-EUROPE

BAM Groep (BAMNB NA) - H1 Adj PBT EUR 52.7mln vs. Prev. EUR 40.6mln y/y, revenue EUR 3.15bln vs. Prev. EUR 3.40bln y/y,  affirms FY17 forecast. (Newswires)

BROKER RECOMMENDATIONS

SMI

Novartis (NOVN VX) said its drug Kisqali (ribociclib) received European Union approval as first-line treatment for a tough-to-treat breast cancer. (Newswires)

OTHER SWISS COMPANIES

SCANDINAVIA

 

US

US stocks were lower amid risk aversion following Trump’s overnight comments. The S&P 500 closed down 0.35% at 2,444.02, the NASDAQ closed down 0.37% at 5,851.78 and the Dow closed down 0.40% at 21,811.41.

Best Performing Sectors: Energy (+0.38%) Utilities (+0.26%) Telecoms (-0.04%)

 

Worst Performing Sectors: Industrials (-0.90%) Consumer Discretionary (-0.84%) Health Care (-0.71%)

 

 

24 Aug 2017 - 06:46- EnergyResearch Sheet- Source: RANsquawk

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