Newsquawk Daily European Equity Opening News - 23rd August 2023

23rd August 2023

ASIA

Asia-Pac stocks traded mixed amid a slew of earnings releases and the latest PMI data from the region but with prices kept relatively rangebound heading closer to the Jackson Hole Symposium. ASX 200 (+0.7%) was led higher by strength in consumer stocks and the mining-related sectors with the index unfazed by the weaker preliminary PMI data from Australia which showed manufacturing at a 6th consecutive monthly contraction. Nikkei 225 (Flat) pared opening losses but with upside capped ahead of the 32,000 level after somewhat mixed PMI figures and as Japan faces backlash from China and Hong Kong for its plan to release Fukushima water. Hang Seng (+0.3%) and Shanghai (-0.6%) were varied with trade in Hong Kong indecisive and the mainland subdued amid several earnings releases and as participants await results from China’s big banks.

EUROPEAN CLOSES

CLOSES: DAX +0.66% at 15,706, FTSE 100 +0.18% at 7,271, CAC 40 +0.59% at 7,241, Euro Stoxx 50 +0.90% at 4,261, IBEX 35 +0.55% at 9,314, FTSE MIB +0.64% at 28,165, SMI +0.29% at 10,880.

SECTORS: IT 2.41%, Materials 1.17%, Industrials 0.86%, Healthcare 0.70%, Utilities 0.54%, Consumer Disc 0.53%, Energy 0.42%, Financials 0.35%, Telecoms 0.10%, Consumer Stpl 0.05%

FTSE 100

OTHER UK COMPANIES

BROKER MOVES

DAX

BASF (BAS GY) - Signs a long-term LNG deal with Cheniere (LNG), where the Co. will purchase 800k tonnes of LNG from mid-2026 to 2043, according to the FT. (FT)

OTHER GERMAN COMPANIES

Nordex (NDX1 GY) - Ronesans Enerji places order for 189 MW with the Co. (Newswires)

Salzgitter (SZG GY) - CEO believes a power subsidy is needed, as proposed by the Economy Ministry; adds, they are not impacted by Siemens Gamesa issues, and there are not in talks with Thyssenkrupp (TKA GY) over any partnership. (Newswires)

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

SES (SESG FP) - Co. and We Are IT to deliver internet connectivity to 43 commission of elections sites across the Philippines. (Newswires)

BROKER MOVES

Societe Generale (GLE FP) upgraded to Overweight from Equal Weight at Morgan Stanley

PAN EUROPE

Vopak (VPK NA) - Gate terminal and its shareholders Gasunie and Vopak start construction of 4th LNG tank at the port of Rotterdam. Final investment decision has been taken to expand gate terminal's storage and regasification capacity with project financing expected to be finalised end of 2023. (Newswires)

BROKER MOVES

SMI

Roche (ROG SW) - Roche provides update on Phase III Skyscraper-01 study in PD-L1-high metastatic non-small cell lung cancer. Has been made aware of an inadvertent disclosure of the second interim analysis of the Phase III SKYSCRAPER-01 study. The interim results for the primary endpoint of overall survival were not mature at the time of the second interim analysis. SKYSCRAPER-01 is ongoing and the study remains blinded to patients and investigators. (Roche)

OTHER SWISS COMPANIES

BROKER MOVES

SCANDINAVIA

Bavarian Nordic (BAVA DC) - H1 (DKK): EBITDA +690mln (prev. -118mln YY), Revenue 1.99bln (prev. 537mln YY). Affirms FY23 outlook. (Newswires)

Mowi (MOWI NO) - Q2 (EUR): Net 123.1mln (exp. 197.7mln), EBIT 300mln (exp. 301.2mln), Revenue 1.37bln (exp. 1.23bln). (Newswires)

Orsted (ORSTED DC) - US approves Co's offshore wind project near Rhode Island. (Newswires)

BROKER MOVES

US

CLOSES: SPX -0.28% at 4,387, NDX -0.19% at 14,908, DJIA -0.51% at 34,289, RUT -0.28% at 1,850.

SECTORS: Financials -0.88%, Energy -0.78%, Consumer Staples -0.52%, Health -0.37%, Technology -0.25%, Industrials -0.2%, Materials -0.09%, Consumer Discretionary +0.1%, Communication Services +0.18%, Utilities +0.28%, Real Estate +0.29%.

23 Aug 2023 - 06:46- Research Sheet- Source: Newsquawk