Newsquawk Daily European Equity Opening News - 16th February 2022

16th February 2022

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

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

There will be an additional audio rundown at 0750GMT/0250EST recapping any company news which has hit the wires since 0715GMT/0215EST 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

Asia-Pac equities traded higher across the board following the tailwinds from Wall Street, in which the US majors saw a relief rally on geopolitical optimism. That being said, President Biden said it was not verified whether Russia pulled some troops and suggested an invasion of Ukraine is still very much a possibility. Further, participants look ahead to the FOMC Minutes on Wednesday, but the January meeting took place before both the rock-solid Jan NFP print and the above-forecast Jan CPI, so will not reflect any hawkish shifts in sentiment driven by the most recent data. Nonetheless, US equity futures held onto most of yesterday’s gains. In APAC, the ASX 200 was kept afloat by its Healthcare sector, although gains are capped by losses in Energy and Metal names. The Nikkei 225 and KOSPI both benefit from a strong tech sector, whilst the former also buoyed by favourable Yen dynamics. The Hang Seng and Shanghai Comp are both firmer, although the latter lacks momentum after a daily PBoC drain and following yesterday’s maintained MLF rate – which likely means the February LPRs will also be held.

EUROPEAN CLOSES

CLOSES: EURO STOXX 50 +2.0% at 4,143, FTSE 100 +1.0% at 7,608, DAX 40 +2.0% at 15,412, CAC 40 +1.9% at 6,979, FTSE MIB +2.1% at 26,967, IBEX 35 +1.7% at 8,718, SMI +1.6% at 12,214.

SECTORS: Healthcare 2.19%, Industrials 2.12%, Consumer Goods 1.66%, Technology 1.35%, Utilities 1.28%, Financial Services 1.22%, Telecoms 1.07%, Consumer Services 0.67%, Basic Materials -0.42%, Energy -0.70%

FTSE 100

Carnival (CCL LN) - US CDC lowered its COVID alert level for cruise ships to "High" from "Very High. (Newswires)

Glencore (GLEN LN) - Australia's Northern Territory gov't has rejected Glencore's application to construct a toxic tailings dump near a sacred site, tailings dump would have been for the McArthur River zinc/lead mine. (Guardian)

Legal & General (LGEN LN) - Intends to invest an additional GBP 2.5bln of pension savings within build-to-rent developments over a five-year period, Co. currently has around GBP 2.5bln in such schemes. (FT)

Rolls Royce (RR/ LN) - Preparing to being discussions with the Nuclear Decommissioning Authority regarding leasing disused nuclear sites to be the potential UK location for a small modular nuclear reactor. (FT)

OTHER UK COMPANIES

BROKER MOVES

BAE Systems (BA/ LN) downgraded to Equal Weight from Overweight at Morgan Stanley

DAX

OTHER GERMAN COMPANIES

BROKER MOVES

CAC

Airbus (AIR FP) - UNITE union votes to authorise strike action at UK plants. Separately, Co. is in a defence filing to be submitted next week to state that Qatar Airways claims that flaking paint has resulted in the grounding of 21 craft is groundless, according to a written submission. Elsewhere, Singapore Airlines finalised an order for seven A350 craft and the option for five to be added. (Newswires/FT)

OTHER FRENCH COMPANIES

Eiffage (FGR FP) - Co. is to sell five project for EUR 150mln. (Newswires)

Nexans (NEX FP) - FY21 (EUR): Revenue 7.37bln (prev. 5.98bln), EBITDA 463mln (prev. 347mln), Net 164mln (prev. 80mln). (Newswires)

BROKER MOVES

Thales (HO FP) upgraded to Overweight from Equal Weight at Morgan Stanley

PAN EUROPE

Heineken (HEIA NA) - FY21 (EUR): Net Income 2.04bln (exp. 1.94bln), EPS 3.54 (exp. 3.37), Organic Beer Volume +4.6% (exp. +4.5%), Operating Income 4.48bln (prev. 0.78bln). Proposes a dividend of 1.24/shr, +77.1%. FY22 Outlook: Expect COVID-19 to still have an impact on revenue, expect to be significantly impacted by inflation/supply chain pressures. Plans are under the assumption that APAC markets progressively bounce back during the period, on-trade European market may take longer to recover. (Heineken)

TomTom (TOM2 NA) - Co. and Webfleet Solutions is to collaborate on an integrated mobile solution for fleet managers/professional drivers. (Newswires)

Umicore (UMI BB) - FY21 (EUR): Revenue 4.0bln (prev. 3.23bln), adj. EBIT 971mln (prev. 536mln), adj Net Profit 667mln (prev. 322mln), adj. EBITDA 1.25bln (prev. 0.8bln). Proposes a gross FY21 dividend of 0.80/shr, 0.25/shr of this has already been paid. Expects strong underlying performance in FY22 across all business groups. (Newswires)

BROKER MOVES

Adyen (ADYEN NA) upgraded to Buy from Hold at Deutsche Bank

SMI

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

FLSmidth (FLS DC) Q4 (DKK): Revenue 5.13bln (prelim. 5.1bln), Order Intake 5.08bln (prev. 4.7bln), EBITA 338mln (prev. 235mln). Propose a dividend of 3/shr for FY21. Vice-Chair Knutzen has been nominated to become Chairman, Nipper to become vice-Chair. (Newswires/FLSmidth)

BROKER MOVES

US

CLOSES: S&P 500 +1.6% at 4,471, Nasdaq 100 +2.5% at 14,620, Dow Jones +1.2% at 34,988, Russell 2000 +2.7% at 2,073.

SECTORS: Technology +2.7%, Consumer Discretionary +2.1%, Materials +1.9%, Industrials +1.5%, Financials +1.4%, Communication Services +1.3%, Health +1.1%, Real Estate +0.4%, Consumer Staples +0.2%, Utilities -0.6%, Energy -1.4%.

16 Feb 2022 - 06:50- EquitiesData- Source: Newsquawk