>>> Stoxx 600 Pre-Market Indications

  • Glaxo (GS7 TH) +1.5%
    • GlaxoSmithKline Says CDC Panel Votes to Recommend Shingrix
  • Unilever (UNVB TH) +1.4%
    • Unilever 3Q Underlying Sales Miss Estimates
  • Rio Tinto (RIO1 TH) +1.4%
  • Atos (AXI TH) +1%
    • Atos Is Selling Telecom, Outsourcing Ops, Meunier Tells Figaro
  • Vodafone (VODI TH) +0.9%
    • Vodafone Connects Its Customers With Thales’ Eco-SIM Card
  • BHP Group PLC (BIL TH) +0.9%
  • Galapagos (GXE TH) +0.8%
  • BAT (BMT TH) +0.8%
  • HeidelbergCement (HEI TH) -0.7%
  • VW (VOW3 TH) -0.7%
    • BMW, Audi, Daimler Want to List HERE Via SPAC: Manager Magazin
  • E.On (EOAN TH) -0.7%
  • Mowi (PND TH) -0.8%
  • Siemens Energy (ENR TH) -0.8%
  • Infineon (IFX TH) -0.9%
  • Daimler (DAI TH) -1%
    • BMW, Audi, Daimler Want to List HERE Via SPAC: Manager Magazin
  • Schneider Electric (SND TH) -1.1%
  • ProSieben (PSM TH) -1.1%
  • TUI (TUI1 TH) -1.3%

>>> TradeGate Pre-Market Indications

DAX:
  • SAP (SAP TH) +0.2%
    • SAP’s Cloud Backlog Gains on Demand for New Suite of Products
  • RWE (RWE TH) -0.6%
  • VW (VOW3 TH) -0.7%
  • E.On (EOAN TH) -0.8%
  • Infineon (IFX TH) -0.9%
    • Watch Chip Stocks Again as Lam Research Forecast Disappoints
  • Daimler (DAI TH) -1%
    • Daimler Invests $170 Million in New R&D Tech Center in Beijing
MDAX:
  • Aroundtown (AT1 TH) +1.1%
    • Aroundtown Offers to Buy Remaining Shares of TLG Immobilien (1)
  • Software AG (SOW TH) +0.8%
    • Software AG 3Q New Bookings +5%
  • Aurubis (NDA TH) +0.4%
  • Lufthansa (LHA TH) +0.3%
  • ProSieben (PSM TH) -0.8%
SDAX:
  • Metro (B4B TH) +3.3%
    • Metro FY Net Sales Beat Estimates
  • ADVA Optical (ADV TH) +1.3%
  • Hochtief (HOT TH) +1.1%
  • Home24 (H24 TH) +0.5%
  • LPKF (LPK TH) +0.3%
  • SGL (SGL TH) -1.1%
  • Deutz (DEZ TH) -1.1%
  • Suedzucker (SZU TH) -1.3%
  • Salzgitter (SZG TH) -1.6%

>>> Europe : Brokers Upgrades & Downgrades - 20th of October 2021 V2(+)

>>> Up
* Castellum Raised to Hold at Handelsbanken; PT 230 kronor
* Lonza Raised to Buy at UBS; PT 830 Swiss francs (+)
* Moneysupermarket Raised to Buy at Berenberg; PT 275 pence
* Network International Raised to Overweight at Barclays (+)
* Platzer Raised to Hold at Handelsbanken; PT 150 kronor
* Wizz Air Raised to Buy at Wood & Company; PT 5,500 pence

>>> Down
* BHP Group PLC Cut to Hold at Jefferies; PT 2,000 pence
* BHP Group PLC ADRs Cut to Hold at Jefferies; PT $56
* Endesa Cut to Equal-Weight at Barclays; PT 19.90 euros (+)
* Rio Tinto ADRs Cut to Hold at Jefferies; PT $71

>>> Initiation
* Alstom Reinstated Buy at HSBC; PT 40 euros
* B&M European Rated New Sell at Deutsche Bank; PT 500 pence (+)
* Dufry Rated New Hold at Deutsche Bank; PT 55 Swiss francs (+)
* Esken Rated New Outperform at Davy; PT 30 pence (+)
* flatexDEGIRO Rated New Buy at Deutsche Bank; PT 30 euros (+)
* Kingfisher Rated New Hold at Deutsche Bank; PT 355 pence (+)
* Pets at Home Rated New Buy at Deutsche Bank; PT 555 pence (+)
* WH Smith Rated New Buy at Deutsche Bank; PT 1,840 pence (+)

>>> Call
* Akzo Nobel Outlook May See Shares Under Pressure: Jefferies
* ASML Third-Quarter Results ‘OK’, Outlook is ‘Soft-ish’: Kempen (+)
* Danone PT Cut at RBC on Expected Margin Reset, Pricey Turnaround (+)
* IAG Downgraded to Hold at Peel Hunt on Fuel Cost Pressures
* Goldman Sachs chief insists bank can close valuation gap with rivals
* Gucci ‘Party Is Postponed’ as 3Q Misses Expectations: Bernstein
* Kering 3Q More About Gucci Miss Than Other Wins: Jefferies
* Kuehne + Nagel Indicated Higher; ZKB Notes Profitability Beat
* Lonza a ‘Compelling’ Long-Term Growth Story, UBS Upgrades to Buy (+)
* Moneysupermarket Upgraded at Berenberg, Risks Skewed to Upside
* Nestle’s Lack of Negative Margin Update Should Reassure: Citi
* Netcompany Pullback Creates Opportunity; Morgan Stanley Upgrades
* Roche Beating 3Q Expectations ‘Largely on Covid-19’: Jefferies (+)
* Telekom Austria 3Q Strength Driven Outside Austria: Jefferies

>>> Europe : Brokers Upgrades & Downgrades - 20th of October 2021 V2(+)

>>> Up
* Castellum Raised to Hold at Handelsbanken; PT 230 kronor
* Lonza Raised to Buy at UBS; PT 830 Swiss francs (+)
* Moneysupermarket Raised to Buy at Berenberg; PT 275 pence
* Network International Raised to Overweight at Barclays (+)
* Platzer Raised to Hold at Handelsbanken; PT 150 kronor
* Wizz Air Raised to Buy at Wood & Company; PT 5,500 pence

>>> Down
* BHP Group PLC Cut to Hold at Jefferies; PT 2,000 pence
* BHP Group PLC ADRs Cut to Hold at Jefferies; PT $56
* Endesa Cut to Equal-Weight at Barclays; PT 19.90 euros (+)
* Rio Tinto ADRs Cut to Hold at Jefferies; PT $71

>>> Initiation
* Alstom Reinstated Buy at HSBC; PT 40 euros
* Esken Rated New Outperform at Davy; PT 30 pence (+)

>>> Call
* Akzo Nobel Outlook May See Shares Under Pressure: Jefferies
* Danone PT Cut at RBC on Expected Margin Reset, Pricey Turnaround (+)
* IAG Downgraded to Hold at Peel Hunt on Fuel Cost Pressures
* Goldman Sachs chief insists bank can close valuation gap with rivals
* Gucci ‘Party Is Postponed’ as 3Q Misses Expectations: Bernstein
* Kering 3Q More About Gucci Miss Than Other Wins: Jefferies
* Moneysupermarket Upgraded at Berenberg, Risks Skewed to Upside
* Nestle’s Lack of Negative Margin Update Should Reassure: Citi
* Netcompany Pullback Creates Opportunity; Morgan Stanley Upgrades
* Telekom Austria 3Q Strength Driven Outside Austria: Jefferies

>>> Stoxx 600 Pre-Market Indications

  • AUTO1 (AG1 TH) +1.6%
    • Used Car Platform AUTO1 Expands Partnership With Volvo
  • Rio Tinto (RIO1 TH) +1.6%
    • Rio Targets Cut to Scope 1 & 2 Carbon Emissions by 50% by 2030
  • Carnival Plc (POH1 TH) +1.1%
  • Heineken (HNK1 TH) +0.3%
  • Deutsche Boerse (DB1 TH) -0.7%
    • Deutsche Boerse Maintains FY Ebitda About EU2B, Est. EU2.03B
  • Hermes International (HMI TH) -0.8%
    • Kering 3Q More About Gucci Miss Than Other Wins: Jefferies
  • ASML (ASME TH) -0.8%
    • TOPLive Starts: Follow ASML Quarterly Earnings in Real Time
    • ASML 4Q Net Sales Forecast Misses Estimates
  • LVMH (MOH TH) -0.9%
  • ProSieben (PSM TH) -0.9%
  • TUI (TUI1 TH) -1.3%
  • Akzo Nobel (AKU1 TH) -1.8%
    • Akzo Nobel 3Q Revenue Misses Estimates
  • H&M (HMSB TH) -2.9%
    • H&M Cut to Underweight at Morgan Stanley
  • Kering (PPX TH) -4.4%
    • Kering 3Q More About Gucci Miss Than Other Wins: Jefferies
    • Kering 3Q Gucci Revenue On A Comparable Basis Misses Estimates