Early premarket gappers
- Gapping up:
- FEIM +19.4%, NTUS +6.4%, EDR +6.3%, CNXC +4.5%, PING +2.6%, SGMS +2.5%, F +2.4%, CVE +2.3%, INFO +1.6%, GMED +1.5%, GFF +1.1%, MDT +1%, HUN +0.9%, SPNE +0.7%
- Gapping down:
- ZIOP -11.3%, BKD -8.1%, ALT -3.9%, MEG -3.6%, MANU -3%, NOVA -2%, TSLA -1.8%, MSFT -1.6%, BA -1.1%, MMX -0.9%, PFE -0.8%
>>> Up
* Boku Raised to Buy at Stifel; PT 235 pence (+)
* Bouygues Raised to Buy at Jefferies; PT 40 euros
* British Land Raised to Neutral at Citi; PT 526 pence
* Electrocomponents Raised to Outperform at RBC; PT 1,350 pence
* Flutter Raised to Buy at HSBC; PT 17,400 pence
* H&M Raised to Buy at Handelsbanken; PT 220 kronor
* Land Sec. Raised to Neutral at Citi
* Lenzing Raised to Accumulate at Erste Group; PT 118.50 euros
* Nokia Raised to Buy at LBBW; PT 5.75 euros
* Peab Raised to Buy at SEB Equities; PT 110 kronor
* SES GDRs Raised to Buy at Berenberg; PT 10 euros
* SpareBank 1 Helgeland Raised to Buy at DNB Markets
>>> Down
* Beiersdorf Cut to Underperform at Bernstein; PT 90 euros
* Coca-Cola HBC Cut to Neutral at Exane; PT 2,600 pence (+)
* Deutsche Wohnen Cut to Sell at M.M. Warburg; PT 53.80 euros (+)
* Eutelsat Cut to Hold at Berenberg; PT 12 euros
* Logitech Cut to Underweight at Morgan Stanley; PT $82
* Sage Cut to Sell at Goldman; PT 700 pence
* Siemens Gamesa Cut to Neutral at Citi; PT 26.50 euros
>>> Initiation
* Boozt Rated New Sell at Handelsbanken; PT 140 kronor
* Clipper Logistics Rated New Hold at Peel Hunt; PT 865 pence
* Entain Rated New Hold at Investec; PT 2,400 pence
* Klaveness Combination Carriers Rated New Buy at DNB Markets (+)
* Leroy Rated New Underweight at Barclays; PT 70 kroner
* Mowi Rated New Overweight at Barclays; PT 298 kroner
* Playtech Reinstated Hold at Investec; PT 460 pence
* Rvrc Holding Rated New Hold at Handelsbanken; PT 80 kronor
* UPS Rated New Outperform at Evercore ISI
>>> Call
* Adidas Price Target Lowered at RBC Following Nike’s Results (+)
* Beiersdorf Margin Expectations Too High, Bernstein Downgrades
* British Land, Land Securities Raised on Office Resilience: Citi
* Carlsberg 3Q Trading Seen ‘Robust’ as Europe Recovers: Jefferies (+)
* Citi Rejigs Wind Stock Ratings; Upgrades Nordex, Cuts Gamesa
* Flutter Up to Buy as Valuation Requires a Rethink, HSBC Says (+)
* H&M to Benefit from Pent-Up Demand, Handelsbanken Raises to Buy (+)
* SES’s C-Band Exposure Makes it Preferable to Eutelsat: Berenberg
- Rio Tinto (RIO1 TH) +1.8%
- EU Materials Beset by China Challenges Despite Abundant Cash
- SES (SES TH) +1.4%
- SES’s C-Band Exposure Makes it Preferable to Eutelsat: Berenberg
- Bouygues (BYG TH) +0.9%
- Universal Music Group (0VD TH) +0.9%
- Orsted (D2G TH) +0.8%
- Deutsche Bank (DBK TH) +0.7%
- Hexagon (HXG TH) +0.7%
- ING (INN1 TH) -0.4%
- SocGen Interested in Buying ING’s French Retail Clientele: Echos
- MTU Aero (MTX TH) -0.4%
- Continental (CON TH) -0.4%
- Freenet (FNTN TH) -0.7%
- Glencore (8GC TH) -1.1%
- Beiersdorf (BEI TH) -1.7%
- Beiersdorf Margin Expectations Too High, Bernstein Downgrades
- IAG (INR TH) -1.8%
- Stock gained 6% on Monday
DAX:
- No major moves
MDAX:
- Aurubis (NDA TH) +0.4%
- Watch European Miners as Iron Ore Falters, Nickel Extends Losses
- Lufthansa (LHA TH) +0.3%
- Lufthansa Prepared for Travel Ramp-Up in December, Becker Says
- Aixtron (AIXA TH) -0.1%
- Watch Chip Stocks on ASMI Order Boost, AMD Demand Outlook
- Beiersdorf (BEI TH) -1.4%
- Beiersdorf Margin Expectations Too High, Bernstein Downgrades
SDAX:
- About You (YOU TH) +3.4%
- About You Boosts FY Revenue Forecast
- Nordex (NDX1 TH) +2.3%
- Citi Rejigs Wind Stock Ratings; Upgrades Nordex, Cuts Gamesa
- PVA TePla (TPE TH) +2%
- Kloeckner (KCO TH) +1.1%
- Westwing (WEW TH) -0.8%
>>> Up
* Bouygues Raised to Buy at Jefferies; PT 40 euros
* British Land Raised to Neutral at Citi; PT 526 pence
* Electrocomponents Raised to Outperform at RBC; PT 1,350 pence
* Flutter Raised to Buy at HSBC; PT 17,400 pence
* H&M Raised to Buy at Handelsbanken; PT 220 kronor
* Land Sec. Raised to Neutral at Citi
* Lenzing Raised to Accumulate at Erste Group; PT 118.50 euros
* Nokia Raised to Buy at LBBW; PT 5.75 euros
* Peab Raised to Buy at SEB Equities; PT 110 kronor
* SES GDRs Raised to Buy at Berenberg; PT 10 euros
* SpareBank 1 Helgeland Raised to Buy at DNB Markets
>>> Down
* Beiersdorf Cut to Underperform at Bernstein; PT 90 euros
* Eutelsat Cut to Hold at Berenberg; PT 12 euros
* Logitech Cut to Underweight at Morgan Stanley; PT $82
* Sage Cut to Sell at Goldman; PT 700 pence
* Siemens Gamesa Cut to Neutral at Citi; PT 26.50 euros
>>> Initiation
* Boozt Rated New Sell at Handelsbanken; PT 140 kronor
* Clipper Logistics Rated New Hold at Peel Hunt; PT 865 pence
* Entain Rated New Hold at Investec; PT 2,400 pence
* Leroy Rated New Underweight at Barclays; PT 70 kroner
* Mowi Rated New Overweight at Barclays; PT 298 kroner
* Playtech Reinstated Hold at Investec; PT 460 pence
* Rvrc Holding Rated New Hold at Handelsbanken; PT 80 kronor
* UPS Rated New Outperform at Evercore ISI
>>> Call
* Beiersdorf Margin Expectations Too High, Bernstein Downgrades
* British Land, Land Securities Raised on Office Resilience: Citi
* Citi Rejigs Wind Stock Ratings; Upgrades Nordex, Cuts Gamesa
* SES’s C-Band Exposure Makes it Preferable to Eutelsat: Berenberg
Asia stocks were mixed on Tuesday as Treasury yields climbed with investors pricing in the start of Federal Reserve tapering and elevated energy prices stoking inflation concerns.
MSCI Inc.’s index of Asia Pacific stocks snapped a three-day advance. Japan and Australia slid. China and Hong Kong advanced, led by property stocks, after China’s central bank said it will work to safeguard the “healthy” development of the property market amid the China Evergrande Group crisis. U.S. futures fluctuated after the tech-heavy Nasdaq 100 dropped.
The benchmark 10-year U.S. yield topped 1.5%, the highest level since June, and the two-year yield hit an 18-month high as traders increasingly priced in the prospect of the Fed trimming its $120 billion in monthly asset purchases soon. The dollar edged higher.
Oil built on a rally as fears of a global energy crunch intensified. Brent hit $80 a barrel for the first time since October 2018. WTI crude climbed above $76 a barrel. Goldman Sachs Group Inc. said Brent could hit $90 by year-end as the market is in a bigger deficit than many realize.
US After Hours EDR jumps +14.5% on deal to buy OpenBet; CNXC +4.7% higher on earnings/buyback; GFF +5.8% higher on alternative review for subsidiary
Nikkei -0,38% Hang Seng +1,40% CSI +0,16% Shanghai +0,46% Shenzen -0,09%
Eur$ 1;1699 CNH 6,4569 CNY 6,4550 JPY 111,19 GBP 1,3710 CHF 0,9265 RUB 72,4366 TRY 8,8230 WTI$ 76,07 Gold 1,751 BTC 42,525 -190 ETH 2,947 -8
S&P +0,03% Nasdaq -0,14% EuroStoxx +0,07% FTSE +0,05% Dax +0,08% SMI
Macro :
- The Uranium Market is Being Roiled by Meme Traders
- Natural Gas Soars Most Since Last Winter on U.S. Scarcity Fears
- Unregulated Crypto Markets Will ‘Not End Well,’ SEC Chair Says
Keep an eye on :
- YOU GY : About You Boosts FY Revenue Forecast
- AIR FP : Air Travel to Reach Pre-Covid Levels by 2023, Airbus China CEO
- AIR FP : Airbus to Start Hiring Thousands of Staff From 2022: Les Echos
- ASM NA : ASMI Boosts 3Q Orders Forecast
- Chronext IPO : Chronext Sets IPO Price Range at CHF16 to CHF21 Per Share
- G IM : Generali Said to Back Plan to Go Ahead With Its Board List
- HLAG GY : Hapag-Lloyd Buys Stakes in Jadeweserport Wilhelmshaven Terminals
- IMPN SW : Implenia, Deutsche Seereederei Form Sustainable Real Estate JV
- IPS FP : Ipsos Names Ben Page as CEO; Roos No Longer to Be Appointed
- JUVE IM : UEFA Says Proceedings Against Super League Backers Are Dropped
- LAND SW : Landis+Gyr to Buy Luna for ‘High Double-Digit’ Million USD
- LOGN SW : Logitech Falls After Morgan Stanley Cuts Rating to Underweight
- LOTB BB : Lotus Bakeries Share Sale Book Covered on Full Deal Size: Terms
- LHA GY : Lufthansa Prepared for Travel Ramp-Up in December, Becker Says
- NOVN SW : Novartis Sues Crystal, Adding Patents to Their Entresto Dispute
- Octopus Energy : Al Gore’s Generation Takes $600 Million Stake in Octopus Energy
- OPTI SS : OptiCept Technologies Offers Up to 1.5m Shares, OptiCept Technologies Offering Prices at SEK55.5/Share
- PRSM LN : Vista Said Near $1.5 Billion Deal for Software Firm Blue Prism
- ORANO : French Government Buys EU563m Stake in Nuclear Group Orano
- QDT FP : Quadient Sees FY Adjusted Ebit Above +6%, Saw +5% to +6%
- LIT IM : Marbles Says Reached 66.67% Threshold in Retelit Offer
- SAF FP : Safran Names Pascal Bantegnie as New CFO From January, 2022
- SLT GY : Carlyle Secures 79.8% of Schaltbau Shares
- GLE FP : SocGen Interested in Buying ING’s French Retail Clientele: Echos
- TEVA IT : Pfizer Sues Five Generic-Drug Makers to Block Copies of Eucrisa
- VLA FP : Valneva, Pfizer: Positive Addl Phase 2 Results for Lyme Vaccine
- WKL NA : Wolters Kluwer to Sell U.S. Legal Education Business for $88m