EU indices down this morning TA focus on Ahold Delhaize
European stocks report | Persimmon | Volkswagen | Solvay | Ahold Delhaize...
Share this:
INDICES
Yesterday, European stocks rebounded, with the Stoxx Europe 600 Index gaining 1.3%. Germany's DAX 30 jumped 2.1%, France's CAC 40 increased 1.4%, and the U.K.'s FTSE 100 was up 1.2%.
EUROPE ADVANCE/DECLINE
79% of STOXX 600 constituents traded higher yesterday.
63% of the shares trade above their 20D MA vs 51% Monday (below the 20D moving average).
46% of the shares trade above their 200D MA vs 44% Monday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 2.44pts to 31.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Technology
3mths relative low: Telecom
Europe Best 3 sectors
automobiles & parts, banks, basic resources
Europe worst 3 sectors
real estate, travel & leisure, construction & materials
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.44% (below its 20D MA). The 2yr-10yr yield spread fell 0bp to -25bps (above its 20D MA).
ECONOMIC DATA
FR 07:45: Jun Business Confidence, exp.: 70
FR 07:45: Jun Business Climate Indicator, exp.: 59
EC 09:00: ECB Non-Monetary Policy Meeting
GE 09:00: Jun Ifo Current Conditions, exp.: 78.9
GE 09:00: Jun Ifo expectations, exp.: 80.1
GE 09:00: Jun Ifo Business Climate, exp.: 79.5
UK 09:30: BoE FPC Meeting
MORNING TRADING
In Asian trading hours, EUR/USD climbed further to 1.1324 and GBP/USD edged up to 1.2527. USD/JPY remained subdued at 106.49. NZD/USD marked a day-low at 0.6445 before bouncing back to 0.6486. This morning, the Reserve Bank of New Zealand kept its benchmark rate unchanged at 0.25% as expected, stating that "the Monetary Policy Committee is prepared to provide additional stimulus as necessary".
Spot gold was little changed at $1,768 an ounce.
#UK - IRELAND#
Persimmon, a housebuilding company, announced that Dean Finch, currently CEO of National Express, will succeed David Jenkinson as CEO at the end of the year.
EasyJet, a low-cast airline company, is facing legal claims from 10,000 customers over a cyber attack data breach, according to the Financial Times.
Petrofac, an oilfield services provider, posted a 1H trading update: "E&C financial performance for the first six months of 2020 has been significantly impacted by the deterioration in market conditions. First half revenues are expected to be around US$1.6 billion. (...) Engineering & Production Services is also being affected by the deterioration in market conditions. First half revenue is expected to be around US$450 million. (...) Net production is expected to be approximately 2.2 million barrels of oil equivalent (mmboe) for the first half of the year (1H 2019: 2.1 mmboe)."
#GERMANY#
Volkswagen, an automobile group, is considering acquiring car-rental company Europcar Mobility Group, which has a market value of about 390 million euros, reported Bloomberg citing people familiar with the matter.
Infineon Technologies, a semiconductor manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Deutsche Boerse, a stock exchange operator, was downgraded to "hold" from "buy" at HSBC.
#FRANCE#
L'Oreal, a personal care company, was upgraded was upgraded to "overweight" from "neutral" at JPMorgan.
#BENELUX#
Solvay, a chemical company, said it expects a non-cash impairment of around 1.5 billion euros due to the COVID-19. The company added: "Market headwinds increased sharply in the second quarter. (...) Group sales were down 20% in aggregate across April and May versus 2019 levels. (...) Similar demand trends are expected to continue during the month of June."
Ahold Delhaize, a retail group, announced that supervisory board member Peter Agnefjall will succeed Jan Hommen as Chairman on January 1, 2021. From a chartist point of view, the share has bypassed a resistance line drawn from November 2019 high. Above 22 (horizontal support since April 2020), look for 25 & 29 euros.
Source: GAIN Capital, TradingView
NN Group, an insurance company, said it targets to grow operating capital generation (OCG) to 1.5 billion euros in 2023 and sees mid-single digit annual growth of OCG over time.
#ITALY#
Moncler, an Italian luxury fashion brand, was downgraded to "equalweight" from "overweight" at Morgan Stanley.
#SWITZERLAND#
Ams, an advanced sensors manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Yesterday, European stocks rebounded, with the Stoxx Europe 600 Index gaining 1.3%. Germany's DAX 30 jumped 2.1%, France's CAC 40 increased 1.4%, and the U.K.'s FTSE 100 was up 1.2%.
EUROPE ADVANCE/DECLINE
79% of STOXX 600 constituents traded higher yesterday.
63% of the shares trade above their 20D MA vs 51% Monday (below the 20D moving average).
46% of the shares trade above their 200D MA vs 44% Monday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 2.44pts to 31.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Technology
3mths relative low: Telecom
Europe Best 3 sectors
automobiles & parts, banks, basic resources
Europe worst 3 sectors
real estate, travel & leisure, construction & materials
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.44% (below its 20D MA). The 2yr-10yr yield spread fell 0bp to -25bps (above its 20D MA).
ECONOMIC DATA
FR 07:45: Jun Business Confidence, exp.: 70
FR 07:45: Jun Business Climate Indicator, exp.: 59
EC 09:00: ECB Non-Monetary Policy Meeting
GE 09:00: Jun Ifo Current Conditions, exp.: 78.9
GE 09:00: Jun Ifo expectations, exp.: 80.1
GE 09:00: Jun Ifo Business Climate, exp.: 79.5
UK 09:30: BoE FPC Meeting
MORNING TRADING
In Asian trading hours, EUR/USD climbed further to 1.1324 and GBP/USD edged up to 1.2527. USD/JPY remained subdued at 106.49. NZD/USD marked a day-low at 0.6445 before bouncing back to 0.6486. This morning, the Reserve Bank of New Zealand kept its benchmark rate unchanged at 0.25% as expected, stating that "the Monetary Policy Committee is prepared to provide additional stimulus as necessary".
Spot gold was little changed at $1,768 an ounce.
#UK - IRELAND#
Persimmon, a housebuilding company, announced that Dean Finch, currently CEO of National Express, will succeed David Jenkinson as CEO at the end of the year.
EasyJet, a low-cast airline company, is facing legal claims from 10,000 customers over a cyber attack data breach, according to the Financial Times.
Petrofac, an oilfield services provider, posted a 1H trading update: "E&C financial performance for the first six months of 2020 has been significantly impacted by the deterioration in market conditions. First half revenues are expected to be around US$1.6 billion. (...) Engineering & Production Services is also being affected by the deterioration in market conditions. First half revenue is expected to be around US$450 million. (...) Net production is expected to be approximately 2.2 million barrels of oil equivalent (mmboe) for the first half of the year (1H 2019: 2.1 mmboe)."
#GERMANY#
Volkswagen, an automobile group, is considering acquiring car-rental company Europcar Mobility Group, which has a market value of about 390 million euros, reported Bloomberg citing people familiar with the matter.
Infineon Technologies, a semiconductor manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Deutsche Boerse, a stock exchange operator, was downgraded to "hold" from "buy" at HSBC.
#FRANCE#
L'Oreal, a personal care company, was upgraded was upgraded to "overweight" from "neutral" at JPMorgan.
#BENELUX#
Solvay, a chemical company, said it expects a non-cash impairment of around 1.5 billion euros due to the COVID-19. The company added: "Market headwinds increased sharply in the second quarter. (...) Group sales were down 20% in aggregate across April and May versus 2019 levels. (...) Similar demand trends are expected to continue during the month of June."
Ahold Delhaize, a retail group, announced that supervisory board member Peter Agnefjall will succeed Jan Hommen as Chairman on January 1, 2021. From a chartist point of view, the share has bypassed a resistance line drawn from November 2019 high. Above 22 (horizontal support since April 2020), look for 25 & 29 euros.
Source: GAIN Capital, TradingView
NN Group, an insurance company, said it targets to grow operating capital generation (OCG) to 1.5 billion euros in 2023 and sees mid-single digit annual growth of OCG over time.
#ITALY#
Moncler, an Italian luxury fashion brand, was downgraded to "equalweight" from "overweight" at Morgan Stanley.
#SWITZERLAND#
Ams, an advanced sensors manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
INDICES
Yesterday, European stocks rebounded, with the Stoxx Europe 600 Index gaining 1.3%. Germany's DAX 30 jumped 2.1%, France's CAC 40 increased 1.4%, and the U.K.'s FTSE 100 was up 1.2%.
EUROPE ADVANCE/DECLINE
79% of STOXX 600 constituents traded higher yesterday.
63% of the shares trade above their 20D MA vs 51% Monday (below the 20D moving average).
46% of the shares trade above their 200D MA vs 44% Monday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 2.44pts to 31.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Technology
3mths relative low: Telecom
Europe Best 3 sectors
automobiles & parts, banks, basic resources
Europe worst 3 sectors
real estate, travel & leisure, construction & materials
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.44% (below its 20D MA). The 2yr-10yr yield spread fell 0bp to -25bps (above its 20D MA).
ECONOMIC DATA
FR 07:45: Jun Business Confidence, exp.: 70
FR 07:45: Jun Business Climate Indicator, exp.: 59
EC 09:00: ECB Non-Monetary Policy Meeting
GE 09:00: Jun Ifo Current Conditions, exp.: 78.9
GE 09:00: Jun Ifo expectations, exp.: 80.1
GE 09:00: Jun Ifo Business Climate, exp.: 79.5
UK 09:30: BoE FPC Meeting
MORNING TRADING
In Asian trading hours, EUR/USD climbed further to 1.1324 and GBP/USD edged up to 1.2527. USD/JPY remained subdued at 106.49. NZD/USD marked a day-low at 0.6445 before bouncing back to 0.6486. This morning, the Reserve Bank of New Zealand kept its benchmark rate unchanged at 0.25% as expected, stating that "the Monetary Policy Committee is prepared to provide additional stimulus as necessary".
Spot gold was little changed at $1,768 an ounce.
#UK - IRELAND#
Persimmon, a housebuilding company, announced that Dean Finch, currently CEO of National Express, will succeed David Jenkinson as CEO at the end of the year.
EasyJet, a low-cast airline company, is facing legal claims from 10,000 customers over a cyber attack data breach, according to the Financial Times.
Petrofac, an oilfield services provider, posted a 1H trading update: "E&C financial performance for the first six months of 2020 has been significantly impacted by the deterioration in market conditions. First half revenues are expected to be around US$1.6 billion. (...) Engineering & Production Services is also being affected by the deterioration in market conditions. First half revenue is expected to be around US$450 million. (...) Net production is expected to be approximately 2.2 million barrels of oil equivalent (mmboe) for the first half of the year (1H 2019: 2.1 mmboe)."
#GERMANY#
Volkswagen, an automobile group, is considering acquiring car-rental company Europcar Mobility Group, which has a market value of about 390 million euros, reported Bloomberg citing people familiar with the matter.
Infineon Technologies, a semiconductor manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Deutsche Boerse, a stock exchange operator, was downgraded to "hold" from "buy" at HSBC.
#FRANCE#
L'Oreal, a personal care company, was upgraded was upgraded to "overweight" from "neutral" at JPMorgan.
#BENELUX#
Solvay, a chemical company, said it expects a non-cash impairment of around 1.5 billion euros due to the COVID-19. The company added: "Market headwinds increased sharply in the second quarter. (...) Group sales were down 20% in aggregate across April and May versus 2019 levels. (...) Similar demand trends are expected to continue during the month of June."
Ahold Delhaize, a retail group, announced that supervisory board member Peter Agnefjall will succeed Jan Hommen as Chairman on January 1, 2021. From a chartist point of view, the share has bypassed a resistance line drawn from November 2019 high. Above 22 (horizontal support since April 2020), look for 25 & 29 euros.
Source: GAIN Capital, TradingView
NN Group, an insurance company, said it targets to grow operating capital generation (OCG) to 1.5 billion euros in 2023 and sees mid-single digit annual growth of OCG over time.
#ITALY#
Moncler, an Italian luxury fashion brand, was downgraded to "equalweight" from "overweight" at Morgan Stanley.
#SWITZERLAND#
Ams, an advanced sensors manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Yesterday, European stocks rebounded, with the Stoxx Europe 600 Index gaining 1.3%. Germany's DAX 30 jumped 2.1%, France's CAC 40 increased 1.4%, and the U.K.'s FTSE 100 was up 1.2%.
EUROPE ADVANCE/DECLINE
79% of STOXX 600 constituents traded higher yesterday.
63% of the shares trade above their 20D MA vs 51% Monday (below the 20D moving average).
46% of the shares trade above their 200D MA vs 44% Monday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 2.44pts to 31.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Technology
3mths relative low: Telecom
Europe Best 3 sectors
automobiles & parts, banks, basic resources
Europe worst 3 sectors
real estate, travel & leisure, construction & materials
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.44% (below its 20D MA). The 2yr-10yr yield spread fell 0bp to -25bps (above its 20D MA).
ECONOMIC DATA
FR 07:45: Jun Business Confidence, exp.: 70
FR 07:45: Jun Business Climate Indicator, exp.: 59
EC 09:00: ECB Non-Monetary Policy Meeting
GE 09:00: Jun Ifo Current Conditions, exp.: 78.9
GE 09:00: Jun Ifo expectations, exp.: 80.1
GE 09:00: Jun Ifo Business Climate, exp.: 79.5
UK 09:30: BoE FPC Meeting
MORNING TRADING
In Asian trading hours, EUR/USD climbed further to 1.1324 and GBP/USD edged up to 1.2527. USD/JPY remained subdued at 106.49. NZD/USD marked a day-low at 0.6445 before bouncing back to 0.6486. This morning, the Reserve Bank of New Zealand kept its benchmark rate unchanged at 0.25% as expected, stating that "the Monetary Policy Committee is prepared to provide additional stimulus as necessary".
Spot gold was little changed at $1,768 an ounce.
#UK - IRELAND#
Persimmon, a housebuilding company, announced that Dean Finch, currently CEO of National Express, will succeed David Jenkinson as CEO at the end of the year.
EasyJet, a low-cast airline company, is facing legal claims from 10,000 customers over a cyber attack data breach, according to the Financial Times.
Petrofac, an oilfield services provider, posted a 1H trading update: "E&C financial performance for the first six months of 2020 has been significantly impacted by the deterioration in market conditions. First half revenues are expected to be around US$1.6 billion. (...) Engineering & Production Services is also being affected by the deterioration in market conditions. First half revenue is expected to be around US$450 million. (...) Net production is expected to be approximately 2.2 million barrels of oil equivalent (mmboe) for the first half of the year (1H 2019: 2.1 mmboe)."
#GERMANY#
Volkswagen, an automobile group, is considering acquiring car-rental company Europcar Mobility Group, which has a market value of about 390 million euros, reported Bloomberg citing people familiar with the matter.
Infineon Technologies, a semiconductor manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Deutsche Boerse, a stock exchange operator, was downgraded to "hold" from "buy" at HSBC.
#FRANCE#
L'Oreal, a personal care company, was upgraded was upgraded to "overweight" from "neutral" at JPMorgan.
#BENELUX#
Solvay, a chemical company, said it expects a non-cash impairment of around 1.5 billion euros due to the COVID-19. The company added: "Market headwinds increased sharply in the second quarter. (...) Group sales were down 20% in aggregate across April and May versus 2019 levels. (...) Similar demand trends are expected to continue during the month of June."
Ahold Delhaize, a retail group, announced that supervisory board member Peter Agnefjall will succeed Jan Hommen as Chairman on January 1, 2021. From a chartist point of view, the share has bypassed a resistance line drawn from November 2019 high. Above 22 (horizontal support since April 2020), look for 25 & 29 euros.
Source: GAIN Capital, TradingView
NN Group, an insurance company, said it targets to grow operating capital generation (OCG) to 1.5 billion euros in 2023 and sees mid-single digit annual growth of OCG over time.
#ITALY#
Moncler, an Italian luxury fashion brand, was downgraded to "equalweight" from "overweight" at Morgan Stanley.
#SWITZERLAND#
Ams, an advanced sensors manufacturer, was upgraded to "overweight" from "neutral" at JPMorgan.
Related tags:
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/MXN Forecast: Peso Loses Momentum Ahead of Banxico Decision
Over recent trading sessions, the Mexican peso has started to show signs of losing strength against the U.S. dollar. This can be seen in the performance of USD/MXN, which has gained more than 1.7% over the last three sessions, highlighting the dollar's renewed strength against the peso.
Euro Short-term Outlook: EUR/USD Selloff Nears Critical Yearly Support 9 23 2026
Euro has fallen seven of the past nine sessions, with stretched momentum raising the stakes as EUR/USD closes in on a major inflection zone.
GBP/USD forecast: US dollar surges as bonds implode
The US dollar continued to press higher deep into the European session, supported by the slump in the bond markets as yields broke out across the curve. Following the recent hawkish Fed rate hike, yield spreads between the US and the rest of the world has continually increased, and that motion continued today, helped in part by some forecast-beating US macro data and hawkish Fed commentary.
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.