24 08 EU PRE OPEN
European stocks report | Bunzl | Metro | AXA | Novartis...
Share this:
INDICES
Friday, European stocks remained under pressure. The Stoxx Europe 600 Index declined 0.15%, Germany's DAX 30 fell 0.51%, France's CAC 40 dropped 0.30%, and the U.K.'s FTSE 100 was down 0.19%.
EUROPE ADVANCE/DECLINE
55% of STOXX 600 constituents traded lower or unchanged Friday.
51% of the shares trade above their 20D MA vs 51% Thursday (below the 20D moving average).
51% of the shares trade above their 200D MA vs 50% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index added 0.3pt to 24.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Retail, Construction
3mths relative low: none
Europe Best 3 sectors
travel & leisure, construction & materials, technology
Europe worst 3 sectors
automobiles & parts, banks, energy
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.5% (below its 20D MA). The 2yr-10yr yield spread rose 0bp to -18bps (above its 20D MA).
ECONOMIC DATA
GE 10:45: 12-Mth Bubill auction, exp.: -0.6%
FR 14:00: 12-Mth BTF auction, exp.: -0.57%
FR 14:00: 6-Mth BTF auction, exp.: -0.61%
FR 14:00: 3-Mth BTF auction, exp.: -0.57%
MORNING TRADING
In Asian trading hours, EUR/USD remained below the 1.1800 level while GBP/USD was broadly flat at 1.3092. USD/JPY edged down to 105.78.
Spot gold dropped to $1,934 an ounce.
#UK - IRELAND#
Bunzl, a distribution and outsourcing company, posted 1H results: "Revenue increased 6.7% (7.0% at actual exchange rates) to £4,846.3 million due to the benefit of acquisitions, a small positive impact from an additional trading day relative to the comparable period last year and underlying growth of 2.8%. (...) Adjusted profit before income tax was £306.8 million, an increase of 16.6%. (...) Adjusted earnings per share were 70.1p, up 16.4%. (...) As a result of the better than expected trading performance during the first half of the year and after due and careful consideration the Board has decided to reinstate and pay the final dividend for the year ended 31 December 2019 at the same level as originally proposed (35.8p). (...) The Board has also decided to increase the 2020 interim dividend by 1.9% to 15.8p."
From a technical point of view, the share price is supported by a rising trend line since March. The break above the previous top of December has unleashed a new upside potential Above 2163p look for the previous all-time high at 2588p and 3000p in extension.
Source: GAIN Capital, TradingView
Pearson, a publishing and education company, announced that non-executive director Andy Bird will succeed John Fallon as CEO on October 19.
Balfour Beatty, an infrastructure group, said its 50:50 joint venture, Gammon, has been awarded a four-year 12.88 billion Hong Kong dollars contract for the expansion of Terminal 2 at Hong Kong International Airport, by the Airport Authority Hong Kong.
#GERMANY#
Metro, a wholesale chain, announced that CEO Olaf Koch will resign from his position by the end of 2020.
#FRANCE#
AXA, an insurance group, and Bharti announced that they have agreed to combine their non-life insurance operations in India, Bharti AXA General Insurance, into ICICI Lombard General Insurance. The company said: "Under the terms of the agreement, AXA and Bharti will receive a total of 35.8 million shares of ICICI Lombard on closing, which would represent Euro 521 million at current market value, (...) The transaction is expected to result in a one-time positive Net Income impact of approximately Euro 0.2 billion in AXA Group's FY 2021 consolidated financial statements."
Casino, a mass-market retail group, announced an additional disposal of 5% of Mercialys equity, which will generate 26 million euros proceeds and lower its stake in Mercialys in terms of voting rights from 25.3% to 20.3%.
#SWITZERLAND#
Novartis, a pharmaceutical giant, reported that a phase 3 study evaluating the investigational immunotherapy spartalizumab (PDR001) did not meet its primary endpoint.
Friday, European stocks remained under pressure. The Stoxx Europe 600 Index declined 0.15%, Germany's DAX 30 fell 0.51%, France's CAC 40 dropped 0.30%, and the U.K.'s FTSE 100 was down 0.19%.
EUROPE ADVANCE/DECLINE
55% of STOXX 600 constituents traded lower or unchanged Friday.
51% of the shares trade above their 20D MA vs 51% Thursday (below the 20D moving average).
51% of the shares trade above their 200D MA vs 50% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index added 0.3pt to 24.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Retail, Construction
3mths relative low: none
Europe Best 3 sectors
travel & leisure, construction & materials, technology
Europe worst 3 sectors
automobiles & parts, banks, energy
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.5% (below its 20D MA). The 2yr-10yr yield spread rose 0bp to -18bps (above its 20D MA).
ECONOMIC DATA
GE 10:45: 12-Mth Bubill auction, exp.: -0.6%
FR 14:00: 12-Mth BTF auction, exp.: -0.57%
FR 14:00: 6-Mth BTF auction, exp.: -0.61%
FR 14:00: 3-Mth BTF auction, exp.: -0.57%
MORNING TRADING
In Asian trading hours, EUR/USD remained below the 1.1800 level while GBP/USD was broadly flat at 1.3092. USD/JPY edged down to 105.78.
Spot gold dropped to $1,934 an ounce.
#UK - IRELAND#
Bunzl, a distribution and outsourcing company, posted 1H results: "Revenue increased 6.7% (7.0% at actual exchange rates) to £4,846.3 million due to the benefit of acquisitions, a small positive impact from an additional trading day relative to the comparable period last year and underlying growth of 2.8%. (...) Adjusted profit before income tax was £306.8 million, an increase of 16.6%. (...) Adjusted earnings per share were 70.1p, up 16.4%. (...) As a result of the better than expected trading performance during the first half of the year and after due and careful consideration the Board has decided to reinstate and pay the final dividend for the year ended 31 December 2019 at the same level as originally proposed (35.8p). (...) The Board has also decided to increase the 2020 interim dividend by 1.9% to 15.8p."
From a technical point of view, the share price is supported by a rising trend line since March. The break above the previous top of December has unleashed a new upside potential Above 2163p look for the previous all-time high at 2588p and 3000p in extension.
Source: GAIN Capital, TradingView
Balfour Beatty, an infrastructure group, said its 50:50 joint venture, Gammon, has been awarded a four-year 12.88 billion Hong Kong dollars contract for the expansion of Terminal 2 at Hong Kong International Airport, by the Airport Authority Hong Kong.
#GERMANY#
Metro, a wholesale chain, announced that CEO Olaf Koch will resign from his position by the end of 2020.
#FRANCE#
AXA, an insurance group, and Bharti announced that they have agreed to combine their non-life insurance operations in India, Bharti AXA General Insurance, into ICICI Lombard General Insurance. The company said: "Under the terms of the agreement, AXA and Bharti will receive a total of 35.8 million shares of ICICI Lombard on closing, which would represent Euro 521 million at current market value, (...) The transaction is expected to result in a one-time positive Net Income impact of approximately Euro 0.2 billion in AXA Group's FY 2021 consolidated financial statements."
Casino, a mass-market retail group, announced an additional disposal of 5% of Mercialys equity, which will generate 26 million euros proceeds and lower its stake in Mercialys in terms of voting rights from 25.3% to 20.3%.
#SWITZERLAND#
Novartis, a pharmaceutical giant, reported that a phase 3 study evaluating the investigational immunotherapy spartalizumab (PDR001) did not meet its primary endpoint.
INDICES
Friday, European stocks remained under pressure. The Stoxx Europe 600 Index declined 0.15%, Germany's DAX 30 fell 0.51%, France's CAC 40 dropped 0.30%, and the U.K.'s FTSE 100 was down 0.19%.
EUROPE ADVANCE/DECLINE
55% of STOXX 600 constituents traded lower or unchanged Friday.
51% of the shares trade above their 20D MA vs 51% Thursday (below the 20D moving average).
51% of the shares trade above their 200D MA vs 50% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index added 0.3pt to 24.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Retail, Construction
3mths relative low: none
Europe Best 3 sectors
travel & leisure, construction & materials, technology
Europe worst 3 sectors
automobiles & parts, banks, energy
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.5% (below its 20D MA). The 2yr-10yr yield spread rose 0bp to -18bps (above its 20D MA).
ECONOMIC DATA
GE 10:45: 12-Mth Bubill auction, exp.: -0.6%
FR 14:00: 12-Mth BTF auction, exp.: -0.57%
FR 14:00: 6-Mth BTF auction, exp.: -0.61%
FR 14:00: 3-Mth BTF auction, exp.: -0.57%
MORNING TRADING
In Asian trading hours, EUR/USD remained below the 1.1800 level while GBP/USD was broadly flat at 1.3092. USD/JPY edged down to 105.78.
Spot gold dropped to $1,934 an ounce.
#UK - IRELAND#
Bunzl, a distribution and outsourcing company, posted 1H results: "Revenue increased 6.7% (7.0% at actual exchange rates) to £4,846.3 million due to the benefit of acquisitions, a small positive impact from an additional trading day relative to the comparable period last year and underlying growth of 2.8%. (...) Adjusted profit before income tax was £306.8 million, an increase of 16.6%. (...) Adjusted earnings per share were 70.1p, up 16.4%. (...) As a result of the better than expected trading performance during the first half of the year and after due and careful consideration the Board has decided to reinstate and pay the final dividend for the year ended 31 December 2019 at the same level as originally proposed (35.8p). (...) The Board has also decided to increase the 2020 interim dividend by 1.9% to 15.8p."
From a technical point of view, the share price is supported by a rising trend line since March. The break above the previous top of December has unleashed a new upside potential Above 2163p look for the previous all-time high at 2588p and 3000p in extension.
Source: GAIN Capital, TradingView
Pearson, a publishing and education company, announced that non-executive director Andy Bird will succeed John Fallon as CEO on October 19.
Balfour Beatty, an infrastructure group, said its 50:50 joint venture, Gammon, has been awarded a four-year 12.88 billion Hong Kong dollars contract for the expansion of Terminal 2 at Hong Kong International Airport, by the Airport Authority Hong Kong.
#GERMANY#
Metro, a wholesale chain, announced that CEO Olaf Koch will resign from his position by the end of 2020.
#FRANCE#
AXA, an insurance group, and Bharti announced that they have agreed to combine their non-life insurance operations in India, Bharti AXA General Insurance, into ICICI Lombard General Insurance. The company said: "Under the terms of the agreement, AXA and Bharti will receive a total of 35.8 million shares of ICICI Lombard on closing, which would represent Euro 521 million at current market value, (...) The transaction is expected to result in a one-time positive Net Income impact of approximately Euro 0.2 billion in AXA Group's FY 2021 consolidated financial statements."
Casino, a mass-market retail group, announced an additional disposal of 5% of Mercialys equity, which will generate 26 million euros proceeds and lower its stake in Mercialys in terms of voting rights from 25.3% to 20.3%.
#SWITZERLAND#
Novartis, a pharmaceutical giant, reported that a phase 3 study evaluating the investigational immunotherapy spartalizumab (PDR001) did not meet its primary endpoint.
Friday, European stocks remained under pressure. The Stoxx Europe 600 Index declined 0.15%, Germany's DAX 30 fell 0.51%, France's CAC 40 dropped 0.30%, and the U.K.'s FTSE 100 was down 0.19%.
EUROPE ADVANCE/DECLINE
55% of STOXX 600 constituents traded lower or unchanged Friday.
51% of the shares trade above their 20D MA vs 51% Thursday (below the 20D moving average).
51% of the shares trade above their 200D MA vs 50% Thursday (below the 20D moving average).
The Euro Stoxx 50 Volatility index added 0.3pt to 24.34, a new 52w high.
SECTORS vs STOXX 600
3mths relative high: Retail, Construction
3mths relative low: none
Europe Best 3 sectors
travel & leisure, construction & materials, technology
Europe worst 3 sectors
automobiles & parts, banks, energy
INTEREST RATE
The 10yr Bund yield fell 2bps to -0.5% (below its 20D MA). The 2yr-10yr yield spread rose 0bp to -18bps (above its 20D MA).
ECONOMIC DATA
GE 10:45: 12-Mth Bubill auction, exp.: -0.6%
FR 14:00: 12-Mth BTF auction, exp.: -0.57%
FR 14:00: 6-Mth BTF auction, exp.: -0.61%
FR 14:00: 3-Mth BTF auction, exp.: -0.57%
MORNING TRADING
In Asian trading hours, EUR/USD remained below the 1.1800 level while GBP/USD was broadly flat at 1.3092. USD/JPY edged down to 105.78.
Spot gold dropped to $1,934 an ounce.
#UK - IRELAND#
Bunzl, a distribution and outsourcing company, posted 1H results: "Revenue increased 6.7% (7.0% at actual exchange rates) to £4,846.3 million due to the benefit of acquisitions, a small positive impact from an additional trading day relative to the comparable period last year and underlying growth of 2.8%. (...) Adjusted profit before income tax was £306.8 million, an increase of 16.6%. (...) Adjusted earnings per share were 70.1p, up 16.4%. (...) As a result of the better than expected trading performance during the first half of the year and after due and careful consideration the Board has decided to reinstate and pay the final dividend for the year ended 31 December 2019 at the same level as originally proposed (35.8p). (...) The Board has also decided to increase the 2020 interim dividend by 1.9% to 15.8p."
From a technical point of view, the share price is supported by a rising trend line since March. The break above the previous top of December has unleashed a new upside potential Above 2163p look for the previous all-time high at 2588p and 3000p in extension.
Source: GAIN Capital, TradingView
Balfour Beatty, an infrastructure group, said its 50:50 joint venture, Gammon, has been awarded a four-year 12.88 billion Hong Kong dollars contract for the expansion of Terminal 2 at Hong Kong International Airport, by the Airport Authority Hong Kong.
#GERMANY#
Metro, a wholesale chain, announced that CEO Olaf Koch will resign from his position by the end of 2020.
#FRANCE#
AXA, an insurance group, and Bharti announced that they have agreed to combine their non-life insurance operations in India, Bharti AXA General Insurance, into ICICI Lombard General Insurance. The company said: "Under the terms of the agreement, AXA and Bharti will receive a total of 35.8 million shares of ICICI Lombard on closing, which would represent Euro 521 million at current market value, (...) The transaction is expected to result in a one-time positive Net Income impact of approximately Euro 0.2 billion in AXA Group's FY 2021 consolidated financial statements."
Casino, a mass-market retail group, announced an additional disposal of 5% of Mercialys equity, which will generate 26 million euros proceeds and lower its stake in Mercialys in terms of voting rights from 25.3% to 20.3%.
#SWITZERLAND#
Novartis, a pharmaceutical giant, reported that a phase 3 study evaluating the investigational immunotherapy spartalizumab (PDR001) did not meet its primary endpoint.
Related tags:
Latest market news
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
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
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.
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.