08 10 EU PRE OPEN
European stocks report | GVC Holdings | Saint-Gobain | Givaudan | Chr Hansen...
Share this:
INDICES
Yesterday, European stocks ended mixed. The Stoxx Europe 600 Index declined 0.12%, France's CAC 40 fell 0.27% and the U.K.'s FTSE 100 edged down 0.06%, while Germany's DAX 30 climbed 0.17%.
EUROPE ADVANCE/DECLINE
54% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 67% Tuesday (above the 20D moving average).
58% of the shares trade above their 200D MA vs 60% Tuesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.24pt to 24.97, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Media
3mths relative low: Energy
Europe Best 3 sectors
basic resources, automobiles & parts, chemicals
Europe worst 3 sectors
telecommunications, insurance, media
INTEREST RATE
The 10yr Bund yield was unchanged to -0.51% (below its 20D MA). The 2yr-10yr yield spread fell 1bp to -20bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Aug Current Account, exp.: E20.0B
GE 07:00: Aug Balance of Trade s.a, exp.: E18B
GE 07:00: Aug Exports MoM s.a, exp.: 4.7%
GE 07:00: Aug Imports MoM s.a, exp.: 1.1%
GE 07:00: Aug Balance of Trade, exp.: E19.2B
EC 08:25: ECB Schnabel speech
EC 09:00: ECB Guindos speech
UK 09:30: BoE FPC Statement
EC 11:15: ECB Mersch speech
EC 12:30: ECB Monetary Policy Meeting Accounts
MORNING TRADING
In Asian trading hours, EUR/USD held gains at 1.1766 and GBP/USD edged up to 1.2925. USD/JPY was hovering around the 106.00 level.
Spot gold was broadly flat at $1,887 an ounce.
#UK - IRELAND#
GVC Holdings, sports betting company, reported that 3Q group net gaming revenue (NGR) rose 12% on year (+14% at constant currency), with online NGR growing 26% (+28% at constant currency). The company said it now expects full-year adjusted EBITDA to be in the range of 770 million to 790 million pounds, "approximately 50 million pounds ahead of previous expectations".
Hargreaves Lansdown, a financial service group, issued a trading update for the three month period to September 30: "Net new business was £0.8 billion during the period (2019: £1.7bn, £0.8bn excluding back book transfers). (...) A positive market movement of £2.1 billion, combined with net new business has driven AUA to £106.9 billion as at 30 September 2020. (...) Revenue for the period was £143.7 million, up 12% on last year despite, on average, the FTSE All Share being down versus the comparative period by 18%."
#FRANCE#
Saint-Gobain, a building materials company, was downgraded to "neutral" from "buy" at Citigroup.
From a daily point of view, the stock is supported by a rising internal trend line drawn since April. In addition, the three-month exponential moving average plays a support role, while the Relative Strenght Index is bouncing back above the key support at 49%. Above 34.1E, look for the previous top of December 2019 at 39.6E.
Source: TradingView, GAIN Capital
#SPAIN#
ACS, a civil and engineering construction company, was upgraded to "equalweight" from "underweight" at Morgan Stanley.
#SWITZERLAND#
Givaudan, a manufacturer of flavours and fragrances, reported that 3Q revenue was flat on year (+3.1% like-for-like) at 1.57 billion Swiss franc, and 9-month revenue was up 2.7% (+3.7% like-for-like) to 4.79 billion Swiss franc.
#DENMARK#
Chr Hansen, a bioscience company, announced that 4Q profit from continuing operations fell 1.7% on year to 68 million euros while adjusted EBIT grew 3.6% to 98 million euros on revenue of 254 million euros, up 2.1%.
EX-DIVIDEND
Glencore (GLEN): $0.1, Telenor: NOK4.3, WPP Group:10p
Yesterday, European stocks ended mixed. The Stoxx Europe 600 Index declined 0.12%, France's CAC 40 fell 0.27% and the U.K.'s FTSE 100 edged down 0.06%, while Germany's DAX 30 climbed 0.17%.
EUROPE ADVANCE/DECLINE
54% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 67% Tuesday (above the 20D moving average).
58% of the shares trade above their 200D MA vs 60% Tuesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.24pt to 24.97, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Media
3mths relative low: Energy
Europe Best 3 sectors
basic resources, automobiles & parts, chemicals
Europe worst 3 sectors
telecommunications, insurance, media
INTEREST RATE
The 10yr Bund yield was unchanged to -0.51% (below its 20D MA). The 2yr-10yr yield spread fell 1bp to -20bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Aug Current Account, exp.: E20.0B
GE 07:00: Aug Balance of Trade s.a, exp.: E18B
GE 07:00: Aug Exports MoM s.a, exp.: 4.7%
GE 07:00: Aug Imports MoM s.a, exp.: 1.1%
GE 07:00: Aug Balance of Trade, exp.: E19.2B
EC 08:25: ECB Schnabel speech
EC 09:00: ECB Guindos speech
UK 09:30: BoE FPC Statement
EC 11:15: ECB Mersch speech
EC 12:30: ECB Monetary Policy Meeting Accounts
MORNING TRADING
In Asian trading hours, EUR/USD held gains at 1.1766 and GBP/USD edged up to 1.2925. USD/JPY was hovering around the 106.00 level.
Spot gold was broadly flat at $1,887 an ounce.
#UK - IRELAND#
GVC Holdings, sports betting company, reported that 3Q group net gaming revenue (NGR) rose 12% on year (+14% at constant currency), with online NGR growing 26% (+28% at constant currency). The company said it now expects full-year adjusted EBITDA to be in the range of 770 million to 790 million pounds, "approximately 50 million pounds ahead of previous expectations".
Hargreaves Lansdown, a financial service group, issued a trading update for the three month period to September 30: "Net new business was £0.8 billion during the period (2019: £1.7bn, £0.8bn excluding back book transfers). (...) A positive market movement of £2.1 billion, combined with net new business has driven AUA to £106.9 billion as at 30 September 2020. (...) Revenue for the period was £143.7 million, up 12% on last year despite, on average, the FTSE All Share being down versus the comparative period by 18%."
#FRANCE#
Saint-Gobain, a building materials company, was downgraded to "neutral" from "buy" at Citigroup.
From a daily point of view, the stock is supported by a rising internal trend line drawn since April. In addition, the three-month exponential moving average plays a support role, while the Relative Strenght Index is bouncing back above the key support at 49%. Above 34.1E, look for the previous top of December 2019 at 39.6E.
Source: TradingView, GAIN Capital
#SPAIN#
ACS, a civil and engineering construction company, was upgraded to "equalweight" from "underweight" at Morgan Stanley.
#SWITZERLAND#
Givaudan, a manufacturer of flavours and fragrances, reported that 3Q revenue was flat on year (+3.1% like-for-like) at 1.57 billion Swiss franc, and 9-month revenue was up 2.7% (+3.7% like-for-like) to 4.79 billion Swiss franc.
#DENMARK#
Chr Hansen, a bioscience company, announced that 4Q profit from continuing operations fell 1.7% on year to 68 million euros while adjusted EBIT grew 3.6% to 98 million euros on revenue of 254 million euros, up 2.1%.
EX-DIVIDEND
Glencore (GLEN): $0.1, Telenor: NOK4.3, WPP Group:10p
INDICES
Yesterday, European stocks ended mixed. The Stoxx Europe 600 Index declined 0.12%, France's CAC 40 fell 0.27% and the U.K.'s FTSE 100 edged down 0.06%, while Germany's DAX 30 climbed 0.17%.
EUROPE ADVANCE/DECLINE
54% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 67% Tuesday (above the 20D moving average).
58% of the shares trade above their 200D MA vs 60% Tuesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.24pt to 24.97, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Media
3mths relative low: Energy
Europe Best 3 sectors
basic resources, automobiles & parts, chemicals
Europe worst 3 sectors
telecommunications, insurance, media
INTEREST RATE
The 10yr Bund yield was unchanged to -0.51% (below its 20D MA). The 2yr-10yr yield spread fell 1bp to -20bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Aug Current Account, exp.: E20.0B
GE 07:00: Aug Balance of Trade s.a, exp.: E18B
GE 07:00: Aug Exports MoM s.a, exp.: 4.7%
GE 07:00: Aug Imports MoM s.a, exp.: 1.1%
GE 07:00: Aug Balance of Trade, exp.: E19.2B
EC 08:25: ECB Schnabel speech
EC 09:00: ECB Guindos speech
UK 09:30: BoE FPC Statement
EC 11:15: ECB Mersch speech
EC 12:30: ECB Monetary Policy Meeting Accounts
MORNING TRADING
In Asian trading hours, EUR/USD held gains at 1.1766 and GBP/USD edged up to 1.2925. USD/JPY was hovering around the 106.00 level.
Spot gold was broadly flat at $1,887 an ounce.
#UK - IRELAND#
GVC Holdings, sports betting company, reported that 3Q group net gaming revenue (NGR) rose 12% on year (+14% at constant currency), with online NGR growing 26% (+28% at constant currency). The company said it now expects full-year adjusted EBITDA to be in the range of 770 million to 790 million pounds, "approximately 50 million pounds ahead of previous expectations".
Hargreaves Lansdown, a financial service group, issued a trading update for the three month period to September 30: "Net new business was £0.8 billion during the period (2019: £1.7bn, £0.8bn excluding back book transfers). (...) A positive market movement of £2.1 billion, combined with net new business has driven AUA to £106.9 billion as at 30 September 2020. (...) Revenue for the period was £143.7 million, up 12% on last year despite, on average, the FTSE All Share being down versus the comparative period by 18%."
#FRANCE#
Saint-Gobain, a building materials company, was downgraded to "neutral" from "buy" at Citigroup.
From a daily point of view, the stock is supported by a rising internal trend line drawn since April. In addition, the three-month exponential moving average plays a support role, while the Relative Strenght Index is bouncing back above the key support at 49%. Above 34.1E, look for the previous top of December 2019 at 39.6E.
Source: TradingView, GAIN Capital
#SPAIN#
ACS, a civil and engineering construction company, was upgraded to "equalweight" from "underweight" at Morgan Stanley.
#SWITZERLAND#
Givaudan, a manufacturer of flavours and fragrances, reported that 3Q revenue was flat on year (+3.1% like-for-like) at 1.57 billion Swiss franc, and 9-month revenue was up 2.7% (+3.7% like-for-like) to 4.79 billion Swiss franc.
#DENMARK#
Chr Hansen, a bioscience company, announced that 4Q profit from continuing operations fell 1.7% on year to 68 million euros while adjusted EBIT grew 3.6% to 98 million euros on revenue of 254 million euros, up 2.1%.
EX-DIVIDEND
Glencore (GLEN): $0.1, Telenor: NOK4.3, WPP Group:10p
Yesterday, European stocks ended mixed. The Stoxx Europe 600 Index declined 0.12%, France's CAC 40 fell 0.27% and the U.K.'s FTSE 100 edged down 0.06%, while Germany's DAX 30 climbed 0.17%.
EUROPE ADVANCE/DECLINE
54% of STOXX 600 constituents traded lower or unchanged yesterday.
63% of the shares trade above their 20D MA vs 67% Tuesday (above the 20D moving average).
58% of the shares trade above their 200D MA vs 60% Tuesday (above the 20D moving average).
The Euro Stoxx 50 Volatility index eased 0.24pt to 24.97, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Media
3mths relative low: Energy
Europe Best 3 sectors
basic resources, automobiles & parts, chemicals
Europe worst 3 sectors
telecommunications, insurance, media
INTEREST RATE
The 10yr Bund yield was unchanged to -0.51% (below its 20D MA). The 2yr-10yr yield spread fell 1bp to -20bps (below its 20D MA).
ECONOMIC DATA
GE 07:00: Aug Current Account, exp.: E20.0B
GE 07:00: Aug Balance of Trade s.a, exp.: E18B
GE 07:00: Aug Exports MoM s.a, exp.: 4.7%
GE 07:00: Aug Imports MoM s.a, exp.: 1.1%
GE 07:00: Aug Balance of Trade, exp.: E19.2B
EC 08:25: ECB Schnabel speech
EC 09:00: ECB Guindos speech
UK 09:30: BoE FPC Statement
EC 11:15: ECB Mersch speech
EC 12:30: ECB Monetary Policy Meeting Accounts
MORNING TRADING
In Asian trading hours, EUR/USD held gains at 1.1766 and GBP/USD edged up to 1.2925. USD/JPY was hovering around the 106.00 level.
Spot gold was broadly flat at $1,887 an ounce.
#UK - IRELAND#
GVC Holdings, sports betting company, reported that 3Q group net gaming revenue (NGR) rose 12% on year (+14% at constant currency), with online NGR growing 26% (+28% at constant currency). The company said it now expects full-year adjusted EBITDA to be in the range of 770 million to 790 million pounds, "approximately 50 million pounds ahead of previous expectations".
Hargreaves Lansdown, a financial service group, issued a trading update for the three month period to September 30: "Net new business was £0.8 billion during the period (2019: £1.7bn, £0.8bn excluding back book transfers). (...) A positive market movement of £2.1 billion, combined with net new business has driven AUA to £106.9 billion as at 30 September 2020. (...) Revenue for the period was £143.7 million, up 12% on last year despite, on average, the FTSE All Share being down versus the comparative period by 18%."
#FRANCE#
Saint-Gobain, a building materials company, was downgraded to "neutral" from "buy" at Citigroup.
From a daily point of view, the stock is supported by a rising internal trend line drawn since April. In addition, the three-month exponential moving average plays a support role, while the Relative Strenght Index is bouncing back above the key support at 49%. Above 34.1E, look for the previous top of December 2019 at 39.6E.
Source: TradingView, GAIN Capital
#SPAIN#
ACS, a civil and engineering construction company, was upgraded to "equalweight" from "underweight" at Morgan Stanley.
#SWITZERLAND#
Givaudan, a manufacturer of flavours and fragrances, reported that 3Q revenue was flat on year (+3.1% like-for-like) at 1.57 billion Swiss franc, and 9-month revenue was up 2.7% (+3.7% like-for-like) to 4.79 billion Swiss franc.
#DENMARK#
Chr Hansen, a bioscience company, announced that 4Q profit from continuing operations fell 1.7% on year to 68 million euros while adjusted EBIT grew 3.6% to 98 million euros on revenue of 254 million euros, up 2.1%.
EX-DIVIDEND
Glencore (GLEN): $0.1, Telenor: NOK4.3, WPP Group:10p
Related tags:
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
NZD/USD pressure mounts as payrolls looms large
NZD/USD has fallen sharply as Fed rate expectations reset higher, but extreme downside stretch and major support raise the risk of a violent counter-trend rebound.
US Core PCE Preview: Stale or Significant for the Fed
Core PCE inflation takes center stage Wednesday, with traders watching for signs of renewed price pressure and clues on whether the Fed could hike again in October.
Australian Dollar Forecast: AUD/USD Four-Week Slide Nears Critical Uptrend Support 9 29 2026
Aussie momentum has deteriorated sharply into quarter-end, with inflation, Core PCE and NFP on tap as AUD/USD closes in on a pivotal technical threshold.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.