Newsquawk Daily European Equity Opening News

11th June 2021

The Daily European Equity Opening News is uploaded at 0700BST/0200EDT recapping all of the overnight equity news.

From 0700BST/0200EDT all equity news will be covered in real-time over the audio and headline feed and the full audio rundown will be at 0715BST/0215EDT.

There will be an additional audio rundown at 0750BST/0250EDT recapping any company news which has hit the wires since 0715BST/0215EDT ahead of the European equity open

European equity coverage will only cover companies in the STOXX 600 or companies of systemic importance to particular sectors.

ASIA

Asian equity markets traded mixed as the region only partially benefitted from the momentum in the US where the Nasdaq outperformed, and the S&P 500 posted fresh record highs after a dovish ECB more than offset the hot US CPI print to pressure yields, which was conducive for risk appetite. ASX 200 (+0.3%) just about kept afloat with outperformance in gold miners and tech counterbalanced by losses in the largest-weighted financials sector and with a non-committal tone heading into the extended weekend. Nikkei 225 (+0.1%) mirrored the tentative mood in the domestic currency despite reports Japan is considering lifting the COVID emergency for Tokyo on June 20th and with Toshiba shares pressured on allegations the Co. and government officials had previously conspired to lean on foreign investors to back company management in a key vote, while the KOSPI (+0.7%) was underpinned following the early trade figures which showed Exports rising 40.9% Y/Y during the first ten days of June. Hang Seng (+0.5%) and Shanghai Comp. (-0.3%) were varied with participants tentative before the long weekend due to the Dragon Boat Festival across Greater China on Monday, and after China passed the legislation to counter foreign sanctions. IPO newsflow was also in the spotlight after China’s largest ride-hailing company Didi filed for a US listing which is expected to be the world’s largest IPO in 2021. However, this failed to significantly boost key stakeholders SoftBank (21.5% stake) and Tencent (6.8% stake).

EUROPEAN CLOSES

CLOSES:: EURO STOXX 50 +0.01% AT 4,097; FTSE 100 +0.06% AT 7,085; DAX 0.00% AT 15,581; CAC 40 -0.24% AT 6,547; IBEX 35 -0.18% AT 9,140; FTSE MIB -0.35% AT 25,651; SMI +0.19% AT 11,811

SECTORS: Healthcare 1.17%, Telecoms 1.06%, IT 0.68%, Financials 0.20%, Materials 0.18%, Energy 0.15%, Consumer Stpl 0.13%, Utilities -0.56%, Industrials -0.58%, Consumer Disc -0.85%

FTSE 100

BHP (BHP LN) - Co. says unionized workers at the Spence mine accepted their offer. (Newswires)

IAG (IAG LN) - British Airways has furloughed thousands of staff due to delays to the restarting of international travel, as no top holiday destinations are currently on the green list. (Telegraph)

Royal Mail (RMG LN) - Co. has placed an order for 3k electric vehicles, aims to have these operational before financial-year end. (Times)

OTHER UK COMPANIES

Carnival (CCL LN) - Mardi Gras will commence sailing from July 31st and additional ships will return in August. (Newswires)

BROKER MOVES

DAX

OTHER GERMAN COMPANIES

BROKER MOVES

HAPAG LLOYD (HLAG GY) DOWNGRADED TO HOLD FROM BUY AT DEUTSCHE BANK

CAC

OTHER FRENCH COMPANIES

Ipsen (IPN FP) - Undertaken analysis which highlights the possibility of a treatment gap in adults who are living with spasticity. (Newswires)

BROKER MOVES

PAN EUROPE

Mediaset (MS IM) - Advertising sales have reportedly increased by 22% YY in the first four-months of 2021. (Newswires)

BROKER MOVES

SMI

Roche (ROG SW) - Announces data at the EHA-2021 event which confirms the efficacy of venclexta/venclyxto for use in combination to treat chronic lympohomatic leukaemia. Separately, Evrysdi data indicates improved motor functions in pre-symptomatic babies one-year after treatment and confirms the prior safety profile. (Newswires)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

BROKER MOVES

US

CLOSES: SPX +0.47% AT 4,239, NDX +1.05% AT 13,960, DJIA +0.06% AT 34,466, RUT -0.80% AT 2,308

SECTORS: HEALTH +1.69%, REAL ESTATE +0.95%, TECHNOLOGY +0.75%, COMMUNICATION SERVICES +0.72%, CONSUMER DISCRETIONARY +0.69%, UTILITIES +0.68%, CONSUMER STAPLES +0.65%, ENERGY -0.13%, INDUSTRIALS -0.47%, MATERIALS -0.56%, FINANCIALS -1.12%

11 Jun 2021 - 06:50- Research Sheet- Source: Newsquawk

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