28 08 EU PRE OPEN
European stocks report | Essentra | Bayer | Thyssenkrupp ...
Share this:
INDICES
Yesterday, European stocks were broadly lower. The Stoxx Europe 600 Index dropped 0.8%, Germany's DAX 30 lost 0.7%, France's CAC 40 slid 0.6% and the U.K.'s FTSE 100 was down 0.8%.
EUROPE ADVANCE/DECLINE
77% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 73% Wednesday (above the 20D moving average).
54% of the shares trade above their 200D MA vs 55% Wednesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index added 1.56pt to 23.56, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, media, personal & household good
Europe worst 3 sectors
basic resources, real estate, health care
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.42% (above its 20D MA). The 2yr-10yr yield spread fell 2bps to -25bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Jul Import Prices YoY, exp.: -5.1%
GE 07:00: Jul Import Prices MoM, exp.: 0.6%
GE 07:00: Sep GfK Consumer Confidence, exp.: -30%
FR 07:45: Jul Household Consumption MoM, exp.: 9%
FR 07:45: Q2 GDP Growth Rate QoQ final, exp.: -5.9%
FR 07:45: Aug Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate YoY Prel, exp.: 0.9%
FR 07:45: Jul PPI MoM, exp.: 0.7%
FR 07:45: Aug Inflation Rate YoY Prel, exp.: 0.8%
EC 10:00: Aug Consumer Confidence final, exp.: -15
EC 10:00: Aug Consumer Inflation expectations, exp.: 17.5
EC 10:00: Aug Economic Sentiment, exp.: 82.3
EC 10:00: Aug Industrial Sentiment, exp.: -16.2
EC 10:00: Aug Services Sentiment, exp.: -26.1
UK 14:05: BoE Gov Bailey speech
MORNING TRADING
In Asian trading hours, EUR/USD bounced to 1.1831 and GBP/USD climbed to 1.3224. USD/JPY rose further to 106.81 before facing a drop as Japanese Prime Minister Shinzo Abe plans to resign due to health reasons, according to NHK.
Spot gold rebounded to $1,934 an ounce.
#UK - IRELAND#
Essentra, a supplier of plastic and fibre products, posted 1H results: "HY 2020 revenue decreased 11.5% (-11.7% at constant exchange) to £448.4m. On a LFL basis, revenue decreased 8.5%. (...) On an adjusted basis, operating profit was down 40.0% (-40.0% at constant FX) at £29.0m. (...) On an adjusted basis, net income of £17.2m was down 48.0% (48.4% at constant FX) and adjusted basic earnings per share decreased by 48.3% (48.5% at constant FX) to 6.2p."
#GERMANY#
Bayer's, a pharmaceutical group, 11 billion dollars U.S. settlement deal risks partial collapse, as U.S. District Judge Vince Chhabria said he is concerned the company has "manipulated" the settlement process since announcing its plan in June to resolve 125,000 cases related to its weedkillers, according to Bloomberg. The judge will revisit in a month whether to keep the litigation on hold for settlement talks to continue or to let more trials proceed.
Thyssenkrupp, an industrial engineering group, was downgraded to "underweight" from "equalweight" at Morgan Stanley.
From a weekly point of view, the share is capped by a bearish trend line drawn since September 2018. Furthermore the 50 DMA is playing a resistance role above the stock. Below the overlap area at 9.25E look for the horizontal resistance at 3.9E and 3.28E in extension.
Source: GAIN Capital, TradingView
Fraport, an airport operator, was downgraded to "hold" from "buy" at Deutsche Bank.
#ITALY#
Prysmian, a manufacturer of electric power transmission and telecommunications cables, was upgraded to "overweight" from "neutral" at JPMorgan.
EX-DIVIDEND
Deutsche Post: E1.15, Fresenius Medical Care: E1.2
Yesterday, European stocks were broadly lower. The Stoxx Europe 600 Index dropped 0.8%, Germany's DAX 30 lost 0.7%, France's CAC 40 slid 0.6% and the U.K.'s FTSE 100 was down 0.8%.
EUROPE ADVANCE/DECLINE
77% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 73% Wednesday (above the 20D moving average).
54% of the shares trade above their 200D MA vs 55% Wednesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index added 1.56pt to 23.56, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, media, personal & household good
Europe worst 3 sectors
basic resources, real estate, health care
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.42% (above its 20D MA). The 2yr-10yr yield spread fell 2bps to -25bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Jul Import Prices YoY, exp.: -5.1%
GE 07:00: Jul Import Prices MoM, exp.: 0.6%
GE 07:00: Sep GfK Consumer Confidence, exp.: -30%
FR 07:45: Jul Household Consumption MoM, exp.: 9%
FR 07:45: Q2 GDP Growth Rate QoQ final, exp.: -5.9%
FR 07:45: Aug Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate YoY Prel, exp.: 0.9%
FR 07:45: Jul PPI MoM, exp.: 0.7%
FR 07:45: Aug Inflation Rate YoY Prel, exp.: 0.8%
EC 10:00: Aug Consumer Confidence final, exp.: -15
EC 10:00: Aug Consumer Inflation expectations, exp.: 17.5
EC 10:00: Aug Economic Sentiment, exp.: 82.3
EC 10:00: Aug Industrial Sentiment, exp.: -16.2
EC 10:00: Aug Services Sentiment, exp.: -26.1
UK 14:05: BoE Gov Bailey speech
MORNING TRADING
In Asian trading hours, EUR/USD bounced to 1.1831 and GBP/USD climbed to 1.3224. USD/JPY rose further to 106.81 before facing a drop as Japanese Prime Minister Shinzo Abe plans to resign due to health reasons, according to NHK.
Spot gold rebounded to $1,934 an ounce.
#UK - IRELAND#
Essentra, a supplier of plastic and fibre products, posted 1H results: "HY 2020 revenue decreased 11.5% (-11.7% at constant exchange) to £448.4m. On a LFL basis, revenue decreased 8.5%. (...) On an adjusted basis, operating profit was down 40.0% (-40.0% at constant FX) at £29.0m. (...) On an adjusted basis, net income of £17.2m was down 48.0% (48.4% at constant FX) and adjusted basic earnings per share decreased by 48.3% (48.5% at constant FX) to 6.2p."
#GERMANY#
Bayer's, a pharmaceutical group, 11 billion dollars U.S. settlement deal risks partial collapse, as U.S. District Judge Vince Chhabria said he is concerned the company has "manipulated" the settlement process since announcing its plan in June to resolve 125,000 cases related to its weedkillers, according to Bloomberg. The judge will revisit in a month whether to keep the litigation on hold for settlement talks to continue or to let more trials proceed.
Thyssenkrupp, an industrial engineering group, was downgraded to "underweight" from "equalweight" at Morgan Stanley.
From a weekly point of view, the share is capped by a bearish trend line drawn since September 2018. Furthermore the 50 DMA is playing a resistance role above the stock. Below the overlap area at 9.25E look for the horizontal resistance at 3.9E and 3.28E in extension.
Source: GAIN Capital, TradingView
Fraport, an airport operator, was downgraded to "hold" from "buy" at Deutsche Bank.
#ITALY#
Prysmian, a manufacturer of electric power transmission and telecommunications cables, was upgraded to "overweight" from "neutral" at JPMorgan.
EX-DIVIDEND
Deutsche Post: E1.15, Fresenius Medical Care: E1.2
INDICES
Yesterday, European stocks were broadly lower. The Stoxx Europe 600 Index dropped 0.8%, Germany's DAX 30 lost 0.7%, France's CAC 40 slid 0.6% and the U.K.'s FTSE 100 was down 0.8%.
EUROPE ADVANCE/DECLINE
77% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 73% Wednesday (above the 20D moving average).
54% of the shares trade above their 200D MA vs 55% Wednesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index added 1.56pt to 23.56, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, media, personal & household good
Europe worst 3 sectors
basic resources, real estate, health care
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.42% (above its 20D MA). The 2yr-10yr yield spread fell 2bps to -25bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Jul Import Prices YoY, exp.: -5.1%
GE 07:00: Jul Import Prices MoM, exp.: 0.6%
GE 07:00: Sep GfK Consumer Confidence, exp.: -30%
FR 07:45: Jul Household Consumption MoM, exp.: 9%
FR 07:45: Q2 GDP Growth Rate QoQ final, exp.: -5.9%
FR 07:45: Aug Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate YoY Prel, exp.: 0.9%
FR 07:45: Jul PPI MoM, exp.: 0.7%
FR 07:45: Aug Inflation Rate YoY Prel, exp.: 0.8%
EC 10:00: Aug Consumer Confidence final, exp.: -15
EC 10:00: Aug Consumer Inflation expectations, exp.: 17.5
EC 10:00: Aug Economic Sentiment, exp.: 82.3
EC 10:00: Aug Industrial Sentiment, exp.: -16.2
EC 10:00: Aug Services Sentiment, exp.: -26.1
UK 14:05: BoE Gov Bailey speech
MORNING TRADING
In Asian trading hours, EUR/USD bounced to 1.1831 and GBP/USD climbed to 1.3224. USD/JPY rose further to 106.81 before facing a drop as Japanese Prime Minister Shinzo Abe plans to resign due to health reasons, according to NHK.
Spot gold rebounded to $1,934 an ounce.
#UK - IRELAND#
Essentra, a supplier of plastic and fibre products, posted 1H results: "HY 2020 revenue decreased 11.5% (-11.7% at constant exchange) to £448.4m. On a LFL basis, revenue decreased 8.5%. (...) On an adjusted basis, operating profit was down 40.0% (-40.0% at constant FX) at £29.0m. (...) On an adjusted basis, net income of £17.2m was down 48.0% (48.4% at constant FX) and adjusted basic earnings per share decreased by 48.3% (48.5% at constant FX) to 6.2p."
#GERMANY#
Bayer's, a pharmaceutical group, 11 billion dollars U.S. settlement deal risks partial collapse, as U.S. District Judge Vince Chhabria said he is concerned the company has "manipulated" the settlement process since announcing its plan in June to resolve 125,000 cases related to its weedkillers, according to Bloomberg. The judge will revisit in a month whether to keep the litigation on hold for settlement talks to continue or to let more trials proceed.
Thyssenkrupp, an industrial engineering group, was downgraded to "underweight" from "equalweight" at Morgan Stanley.
From a weekly point of view, the share is capped by a bearish trend line drawn since September 2018. Furthermore the 50 DMA is playing a resistance role above the stock. Below the overlap area at 9.25E look for the horizontal resistance at 3.9E and 3.28E in extension.
Source: GAIN Capital, TradingView
Fraport, an airport operator, was downgraded to "hold" from "buy" at Deutsche Bank.
#ITALY#
Prysmian, a manufacturer of electric power transmission and telecommunications cables, was upgraded to "overweight" from "neutral" at JPMorgan.
EX-DIVIDEND
Deutsche Post: E1.15, Fresenius Medical Care: E1.2
Yesterday, European stocks were broadly lower. The Stoxx Europe 600 Index dropped 0.8%, Germany's DAX 30 lost 0.7%, France's CAC 40 slid 0.6% and the U.K.'s FTSE 100 was down 0.8%.
EUROPE ADVANCE/DECLINE
77% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 73% Wednesday (above the 20D moving average).
54% of the shares trade above their 200D MA vs 55% Wednesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index added 1.56pt to 23.56, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Industrial
3mths relative low: Healthcare
Europe Best 3 sectors
travel & leisure, media, personal & household good
Europe worst 3 sectors
basic resources, real estate, health care
INTEREST RATE
The 10yr Bund yield rose 2bps to -0.42% (above its 20D MA). The 2yr-10yr yield spread fell 2bps to -25bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Jul Import Prices YoY, exp.: -5.1%
GE 07:00: Jul Import Prices MoM, exp.: 0.6%
GE 07:00: Sep GfK Consumer Confidence, exp.: -30%
FR 07:45: Jul Household Consumption MoM, exp.: 9%
FR 07:45: Q2 GDP Growth Rate QoQ final, exp.: -5.9%
FR 07:45: Aug Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate MoM Prel, exp.: 0.4%
FR 07:45: Aug Harmonised Inflation Rate YoY Prel, exp.: 0.9%
FR 07:45: Jul PPI MoM, exp.: 0.7%
FR 07:45: Aug Inflation Rate YoY Prel, exp.: 0.8%
EC 10:00: Aug Consumer Confidence final, exp.: -15
EC 10:00: Aug Consumer Inflation expectations, exp.: 17.5
EC 10:00: Aug Economic Sentiment, exp.: 82.3
EC 10:00: Aug Industrial Sentiment, exp.: -16.2
EC 10:00: Aug Services Sentiment, exp.: -26.1
UK 14:05: BoE Gov Bailey speech
MORNING TRADING
In Asian trading hours, EUR/USD bounced to 1.1831 and GBP/USD climbed to 1.3224. USD/JPY rose further to 106.81 before facing a drop as Japanese Prime Minister Shinzo Abe plans to resign due to health reasons, according to NHK.
Spot gold rebounded to $1,934 an ounce.
#UK - IRELAND#
Essentra, a supplier of plastic and fibre products, posted 1H results: "HY 2020 revenue decreased 11.5% (-11.7% at constant exchange) to £448.4m. On a LFL basis, revenue decreased 8.5%. (...) On an adjusted basis, operating profit was down 40.0% (-40.0% at constant FX) at £29.0m. (...) On an adjusted basis, net income of £17.2m was down 48.0% (48.4% at constant FX) and adjusted basic earnings per share decreased by 48.3% (48.5% at constant FX) to 6.2p."
#GERMANY#
Bayer's, a pharmaceutical group, 11 billion dollars U.S. settlement deal risks partial collapse, as U.S. District Judge Vince Chhabria said he is concerned the company has "manipulated" the settlement process since announcing its plan in June to resolve 125,000 cases related to its weedkillers, according to Bloomberg. The judge will revisit in a month whether to keep the litigation on hold for settlement talks to continue or to let more trials proceed.
Thyssenkrupp, an industrial engineering group, was downgraded to "underweight" from "equalweight" at Morgan Stanley.
From a weekly point of view, the share is capped by a bearish trend line drawn since September 2018. Furthermore the 50 DMA is playing a resistance role above the stock. Below the overlap area at 9.25E look for the horizontal resistance at 3.9E and 3.28E in extension.
Source: GAIN Capital, TradingView
Fraport, an airport operator, was downgraded to "hold" from "buy" at Deutsche Bank.
#ITALY#
Prysmian, a manufacturer of electric power transmission and telecommunications cables, was upgraded to "overweight" from "neutral" at JPMorgan.
EX-DIVIDEND
Deutsche Post: E1.15, Fresenius Medical Care: E1.2
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
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
Japanese Yen Forecast: USD/JPY 4% Rally Challenges Post-Intervention Downtrend 9 24 2026
USD/JPY momentum has shifted sharply higher, putting a major resistance confluence in focus as U.S. and Japanese event risk builds.
Oil Quietly Hands the Fed a Reason to Stay Hawkish
Oil prices and the U.S. dollar are both on the front foot as elevated energy costs feed Fed warnings that inflation may prove sticky.
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.