26 10 EU PRE OPEN
European stocks report | Siemens | Adidas | EDF |Telecom Italia...
Share this:
INDICES
Friday, European stocks were broadly higher. The Stoxx Europe 600 Index rose 0.62%, Germany's DAX 30 climbed 0.82%, France's CAC 40 jumped 1.20% and the U.K.'s FTSE 100 was up 1.29%.
EUROPE ADVANCE/DECLINE
71% of STOXX 600 constituents traded higher Friday.
45% of the shares trade above their 20D MA vs 40% Thursday (below the 20D moving average).
60% of the shares trade above their 200D MA vs 57% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.83pt to 28.16, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Autos, Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, automobiles & parts, banks
Europe worst 3 sectors
technology, basic resources, chemicals
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.57% (below its 20D MA). The 2yr-10yr yield spread rose 1bp to -18bps (below its 20D MA).
ECONOMIC DATA
GE 10:00: Oct Ifo expectations, exp.: 97.7
GE 10:00: Oct Ifo Current Conditions, exp.: 89.2
GE 10:00: Oct Ifo Business Climate, exp.: 93.4
FR 14:00: 12-Mth BTF auction, exp.: -0.65%
FR 14:00: 3-Mth BTF auction, exp.: -0.69%
FR 14:00: 6-Mth BTF auction, exp.: -0.68%
MORNING TRADING
In Asian trading hours, EUR/USD eased to 1.1836 and GBP/USD dropped further to 1.3025. USD/JPY edged up to 104.83.
Spot gold fell to $1,900 an ounce.
#GERMANY#
Siemens, an industrial manufacturing company, is nearing a deal to sell its mechanical drive unit to Carlyle Group for 2 billion euros, reported Bloomberg citing people familiar with the matter.
Adidas, a multinational apparel company, was downgraded to "hold" from "buy" at HSBC.
From a daily point of view, the stock price is supported by a rising trend line drawn since March 2020. In addition, the Relative Strength Index is trading above the key horizontal support area at 45%. Above 265.5E, targets are set at the horizontal resistance at 290E and at the previous all-time high of January 2020 at 317.5E in extension.
#FRANCE#
EDF, an electric utility company, was upgraded to "buy" from "hold" at HSBC.
#PORTUGAL#
Galp Energia, a Portuguese oil and gas company, is expected to report 3Q results.
#ITALY#
Telecom Italia, an Italian telecommunications company, is planning a 5 billion euros fiber project in Italy, according to Bloomberg.
Friday, European stocks were broadly higher. The Stoxx Europe 600 Index rose 0.62%, Germany's DAX 30 climbed 0.82%, France's CAC 40 jumped 1.20% and the U.K.'s FTSE 100 was up 1.29%.
EUROPE ADVANCE/DECLINE
71% of STOXX 600 constituents traded higher Friday.
45% of the shares trade above their 20D MA vs 40% Thursday (below the 20D moving average).
60% of the shares trade above their 200D MA vs 57% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.83pt to 28.16, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Autos, Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, automobiles & parts, banks
Europe worst 3 sectors
technology, basic resources, chemicals
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.57% (below its 20D MA). The 2yr-10yr yield spread rose 1bp to -18bps (below its 20D MA).
ECONOMIC DATA
GE 10:00: Oct Ifo expectations, exp.: 97.7
GE 10:00: Oct Ifo Current Conditions, exp.: 89.2
GE 10:00: Oct Ifo Business Climate, exp.: 93.4
FR 14:00: 12-Mth BTF auction, exp.: -0.65%
FR 14:00: 3-Mth BTF auction, exp.: -0.69%
FR 14:00: 6-Mth BTF auction, exp.: -0.68%
MORNING TRADING
In Asian trading hours, EUR/USD eased to 1.1836 and GBP/USD dropped further to 1.3025. USD/JPY edged up to 104.83.
Spot gold fell to $1,900 an ounce.
#GERMANY#
Siemens, an industrial manufacturing company, is nearing a deal to sell its mechanical drive unit to Carlyle Group for 2 billion euros, reported Bloomberg citing people familiar with the matter.
Adidas, a multinational apparel company, was downgraded to "hold" from "buy" at HSBC.
From a daily point of view, the stock price is supported by a rising trend line drawn since March 2020. In addition, the Relative Strength Index is trading above the key horizontal support area at 45%. Above 265.5E, targets are set at the horizontal resistance at 290E and at the previous all-time high of January 2020 at 317.5E in extension.
Source: TradingView, GAIN Capital
#FRANCE#
EDF, an electric utility company, was upgraded to "buy" from "hold" at HSBC.
#PORTUGAL#
Galp Energia, a Portuguese oil and gas company, is expected to report 3Q results.
#ITALY#
Telecom Italia, an Italian telecommunications company, is planning a 5 billion euros fiber project in Italy, according to Bloomberg.
INDICES
Friday, European stocks were broadly higher. The Stoxx Europe 600 Index rose 0.62%, Germany's DAX 30 climbed 0.82%, France's CAC 40 jumped 1.20% and the U.K.'s FTSE 100 was up 1.29%.
EUROPE ADVANCE/DECLINE
71% of STOXX 600 constituents traded higher Friday.
45% of the shares trade above their 20D MA vs 40% Thursday (below the 20D moving average).
60% of the shares trade above their 200D MA vs 57% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.83pt to 28.16, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Autos, Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, automobiles & parts, banks
Europe worst 3 sectors
technology, basic resources, chemicals
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.57% (below its 20D MA). The 2yr-10yr yield spread rose 1bp to -18bps (below its 20D MA).
ECONOMIC DATA
GE 10:00: Oct Ifo expectations, exp.: 97.7
GE 10:00: Oct Ifo Current Conditions, exp.: 89.2
GE 10:00: Oct Ifo Business Climate, exp.: 93.4
FR 14:00: 12-Mth BTF auction, exp.: -0.65%
FR 14:00: 3-Mth BTF auction, exp.: -0.69%
FR 14:00: 6-Mth BTF auction, exp.: -0.68%
MORNING TRADING
In Asian trading hours, EUR/USD eased to 1.1836 and GBP/USD dropped further to 1.3025. USD/JPY edged up to 104.83.
Spot gold fell to $1,900 an ounce.
#GERMANY#
Siemens, an industrial manufacturing company, is nearing a deal to sell its mechanical drive unit to Carlyle Group for 2 billion euros, reported Bloomberg citing people familiar with the matter.
Adidas, a multinational apparel company, was downgraded to "hold" from "buy" at HSBC.
From a daily point of view, the stock price is supported by a rising trend line drawn since March 2020. In addition, the Relative Strength Index is trading above the key horizontal support area at 45%. Above 265.5E, targets are set at the horizontal resistance at 290E and at the previous all-time high of January 2020 at 317.5E in extension.
#FRANCE#
EDF, an electric utility company, was upgraded to "buy" from "hold" at HSBC.
#PORTUGAL#
Galp Energia, a Portuguese oil and gas company, is expected to report 3Q results.
#ITALY#
Telecom Italia, an Italian telecommunications company, is planning a 5 billion euros fiber project in Italy, according to Bloomberg.
Friday, European stocks were broadly higher. The Stoxx Europe 600 Index rose 0.62%, Germany's DAX 30 climbed 0.82%, France's CAC 40 jumped 1.20% and the U.K.'s FTSE 100 was up 1.29%.
EUROPE ADVANCE/DECLINE
71% of STOXX 600 constituents traded higher Friday.
45% of the shares trade above their 20D MA vs 40% Thursday (below the 20D moving average).
60% of the shares trade above their 200D MA vs 57% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.83pt to 28.16, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Autos, Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, automobiles & parts, banks
Europe worst 3 sectors
technology, basic resources, chemicals
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.57% (below its 20D MA). The 2yr-10yr yield spread rose 1bp to -18bps (below its 20D MA).
ECONOMIC DATA
GE 10:00: Oct Ifo expectations, exp.: 97.7
GE 10:00: Oct Ifo Current Conditions, exp.: 89.2
GE 10:00: Oct Ifo Business Climate, exp.: 93.4
FR 14:00: 12-Mth BTF auction, exp.: -0.65%
FR 14:00: 3-Mth BTF auction, exp.: -0.69%
FR 14:00: 6-Mth BTF auction, exp.: -0.68%
MORNING TRADING
In Asian trading hours, EUR/USD eased to 1.1836 and GBP/USD dropped further to 1.3025. USD/JPY edged up to 104.83.
Spot gold fell to $1,900 an ounce.
#GERMANY#
Siemens, an industrial manufacturing company, is nearing a deal to sell its mechanical drive unit to Carlyle Group for 2 billion euros, reported Bloomberg citing people familiar with the matter.
Adidas, a multinational apparel company, was downgraded to "hold" from "buy" at HSBC.
From a daily point of view, the stock price is supported by a rising trend line drawn since March 2020. In addition, the Relative Strength Index is trading above the key horizontal support area at 45%. Above 265.5E, targets are set at the horizontal resistance at 290E and at the previous all-time high of January 2020 at 317.5E in extension.
Source: TradingView, GAIN Capital
#FRANCE#
EDF, an electric utility company, was upgraded to "buy" from "hold" at HSBC.
#PORTUGAL#
Galp Energia, a Portuguese oil and gas company, is expected to report 3Q results.
#ITALY#
Telecom Italia, an Italian telecommunications company, is planning a 5 billion euros fiber project in Italy, according to Bloomberg.
Related tags:
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
S&P 500 forecast: Stocks extend drop as correction risks grow
US and global equity markets have extended Wednesday’s sell-off, with Wall Street opening lower after a weak handover from Asia and Europe. The deterioration in risk appetite has been spreading across global markets. The dollar was firmer, Treasury yields were holding onto yesterday’s gains, while gold, silver and bitcoin were all under pressure alongside equities and major currencies.
WTI Crude Oil Mulls Bounce from $90
Having fallen 17% from its cycle highs in just five days and now holding above $90, perhaps it could be time for crude oil to bounce over the near term.
ASX 200 Rebound Stalls Despite Wall Street Surge
The ASX 200 rebound is struggling for traction despite a powerful Wall Street rally, leaving 8800 resistance and downside risks in focus.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.