>>> Stoxx 600 Pre-Market Indications

  • CTS Eventim (EVD TH) +2.7%
    • CTS Eventim a Leader in Growing Market, Jefferies Initiates Buy
  • Carnival Plc (POH1 TH) +2.1%
    • Carnival Entered Into Term Loan Amendment
  • BAT (BMT TH) +1.8%
    • BAT Says Switch to Heated Tobacco Helps Health Markers in Study
  • SocGen (SGE TH) +1.5%
    • Orange Walks Away From BNP, SocGen Talks on Bank Sale: BFM
  • Reckitt (3RB TH) +1.4%
  • Orsted (D2G TH) +1.2%
  • Equinor (DNQ TH) +1.2%
  • Legal & General (LGI TH) +1.2%
  • ASML (ASME TH) +1%
    • Watch Chip Stocks With Micron in Line, Demand Outlook Strong
  • Covestro (1COV TH) +0.7%
    • Covestro AG: Covestro creates the foundation for sustainable growth with its new Group structure - Covestro IR News 2021
  • Commerzbank (CBK TH) -0.4%
  • EssilorLuxottica (ESL TH) -0.4%
  • Iberdrola (IBE1 TH) -0.4%
    • SteelGuru: Iberdrola Commissions Ceclavín Solar Plant in Spain
  • AstraZeneca (ZEG TH) -0.6%
    • Biggest Vaccine Maker Sees EU Nod for Covishield in a Month (1)
  • Glencore (8GC TH) -0.6%
  • ProSieben (PSM TH) -0.7%
  • Ericsson (ERCB TH) -0.8%
  • Siemens Gamesa (GTQ1 TH) -1%
  • Alstria Office (AOX TH) -1%
  • Diageo (GUI TH) -1.4%

>>> TradeGate Pre-Market Indications

DAX:
  • Covestro (1COV TH) +0.9%
  • Infineon (IFX TH) +0.9%
    • Watch Chip Stocks With Micron in Line, Demand Outlook Strong
  • Deutsche Post (DPW TH) +0.7%
  • BASF (BAS TH) +0.6%
  • Deutsche Bank (DBK TH) +0.6%
    • Financial Firms Poised to Be Exempt From New Global Tax Rules
  • E.On (EOAN TH) +0.3%
MDAX:
  • CTS Eventim (EVD TH) +2.8%
    • CTS Eventim a Leader in Growing Market, Jefferies Initiates Buy
  • Fraport (FRA TH) +1.7%
    • Fraport Raised to Buy at Stifel; PT 75 euros
  • Lufthansa (LHA TH) +1.6%
  • Thyssenkrupp (TKA TH) +1.1%
  • K+S (SDF TH) +1%
  • Cancom (COK TH) -0.4%
  • ProSieben (PSM TH) -0.7%
  • Alstria Office (AOX TH) -1%
  • Nordex (NDX1 TH) -11%
    • Nordex in Capital Boost of About EU584.6M via Rights Offer
SDAX:
  • Borussia Dortmund (BVB TH) +4%
    • BBC: Jadon Sancho: Man Utd agree £73m fee with Borussia Dortmund for England winger
  • Salzgitter (SZG TH) +2.5%
  • Schaeffler (SHA TH) +1.2%
  • Deutsche PBB (PBB TH) +0.6%
  • Vantage Towers (VTWR TH) +0.5%
  • SGL (SGL TH) -0.9%
  • Global Fashion Group (GFG TH) -1%

>>> What to look at today - 1st of July 2021

U.S. and European equity futures rose Thursday and the dollar firmed as traders looked ahead to a key payrolls report and digested a dip in Asian stocks on signs Covid-19 flareups are hampering regional manufacturing.
S&P 500 and Euro Stoxx 50 contracts edged up after the U.S. gauge completed one of the best first halves since 1998 for American shares. In Asia, most major equity markets posted modest losses, though China eked out a gain. Purchasing managers’ indexes suggested curbs imposed to fight the virus had sapped output in parts of the Asian region.
The recent spread of the delta virus variant is tempering some of the optimism around the global recovery. The dollar advanced after its best month since March 2020 and Treasuries were steady. The payrolls report due Friday will provide a key gauge of economic progress, helping to shape expectations of when the Federal Reserve might start tapering stimulus.
Elsewhere, oil climbed ahead of a meeting between OPEC+ producers on output policy and as a stalemate in Iranian nuclear talks drags on.
After Hours Summary: MU -1.9% ticks lower on earnings; CVAC -9% falls on vaccine data; SJR +1.1% ticks higher on earnings

Nikkei -0.37% Hang Seng -0.57% CSI +0.36% Shanghai +0.33% Shenzen -0.05%

Eur$ 1.1842 CNH 6.4717 CNY 6.4664 JPY 111.14 GBP 1.3811 CHF 0.9259 RUB 73.1501 TRY 8.7026 WTI$ 73.59 +0.18% Gold 1,776.25 +0.35% BTC 34,400 +270 ETH 2,230 +125

S&P +0.17% Nasdaq +0.04% EuroStoxx +0.38% FTSE +0.16% Dax +0.28% SMI +0.15%

Macro :
- France/Europe Equity Rally May Accelerate on Triangle Breakout
- Electric Vehicles Would Get $36 Billion Boost in Highway Bill

Spacs :
- Zaoui Brothers’ Odyssey SPAC IPO Order Book Is Covered: Terms

Keep an eye on :
- ALTA FP : Altarea in Talks to Buy Primonial for Enterprise Value of EU1.9b
- AMZN US : Amazon Seeks to Have FTC Chair Khan Recused on Company Actions
- ASML NA : Micron 4Q Adjusted EPS Forecast Beats Estimates
- BMPS IM : Paschi Tells ECB Potential Share Sale to Happen by April 2022
- BWE NO : Norway’s BW Energy, DBO Bid for Petrobras’ Golfinho Fields: Rtrs
- CAI AV : CA Immobilien Anlagen Names Silvia Schmitten-Walgenbach CEO
- CFR SW : Richemont Buys Belgium’s Delvaux; No Terms
- CSGN SW : Credit Suisse Chairman Sees Strategy Decisions at Year End: NZZ
- DAI GY : Daimler to Produce Its Own Vehicle Software: Business Insider
- BN FP : Danone Venture Arm Buys Majority Stake in Harmless Harvest
- DIDI US : Didi Gains 1% After Second-Biggest U.S. IPO by Chinese Firm
- EDF FP : Orsted, EDF U.S. Offshore-Wind Wins Firm Up 2030 Targets: React
- EDF FP : Areva to Pay EDF EU563m by End of 2021 in Settlement
- EDPR PL : EDPR Agrees to Buy Solar PV Project in Vietnam for $36m
- ELK NO : Elkem CEO Michael Koenig to Leave Company
- FORTUM FH : Fortum Sells Stockholm Exergi Stake For $3.45 Billion
- JUVE IM : Juventus Plans $474 Million Capital Hike As Pandemic Hits Sales
- MMB FP : Lagardere AGM Approves Conversion Into Joint-Stock Company
- MBTN SW : Meyer Burger Raises CHF80M From Private Placement of New Shares
- NDX1 GY : Nordex in Capital Boost of About EU584.6M via Rights Offer
- ORA FP : Orange Walks Away From BNP, SocGen Talks on Bank Sale: BFM
- PGHN SW : Kuehne+Nagel Sells 24.9% Equity Stake in Apex to Partners Group
- PHARM NA : Orchard Therapeutics, Pharming Group Announce Pact for OTL-105
- PNL NA : PostNL,Trade Unions Reach Agreement on Social Plan
- REC BB : Recticel Engineered Foams USA Gets Order for Blue Origin
- SGO FP : Saint-Gobain Mulls Strategy for Pont-a-Mousson, CEO Tells Figaro
- SBX NO : Seabird Exploration Offering of 7m Shares Prices at NOK4.5/Share
- SCR FP : Scor Isn’t Interested in Axa’s Reinsurance Assets: Les Echos
- SW FP : Sodexo 9M Organic Revenue -11.3%
- SEV FP : Suez Confirms Recovery Seen in 1Q Continued in 2Q
- TIT IM : TIM Completes Acquisition of BT Italia’s Business Units
- TRI FP : Trigano 3Q Revenue EU905.7M Vs. EU391.8M Y/y
- VLA FP : Valneva Continues Talks With EU for COVID-19 Vaccine Candidate
- XBRANE SS : Xbrane Biopharma Offers SEK350 m Shares
- XIOR BB : Xior Buys Residence in Breda, Plans Antwerp Hotel Redevelopment

>>> US After Hours Summary: MU -1.9% ticks lower on earnings; CVAC -9% falls on

After Hours Summary: MU -1.9% ticks lower on earnings; CVAC -9% falls on vaccine data; SJR +1.1% ticks higher on earnings

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: SJR +1.1%

Companies trading higher in after hours in reaction to news: RIVE +12.5% (MPB to acquire RIVE in all-stock transaction), LOB +1.7% (names new CFO), NNDM +1.2% (Stern YOI Partnership discloses 12.1% stake), NVAX +0.8% (announces publication of Phase 3 trial of COVID-19 vaccine), KPLT +0.8% (stock offering), FTI +0.7% (wins significant contract by Equinor), VVNT +0.1% (releases statement on ADT patent infringement lawsuit), EDR +0.1% (stock offering), LMT +0.1% (awarded $1.8 bln Navy contract), RTX +0.1% (awarded $330 mln Navy contract), BA +0.1% (names Brian West as CFO)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: MU -1.9%, FC -0.2%

Companies trading lower in after hours in reaction to news: CVAC -9% (announces results from Phase 2b/3 study; vaccine efficacy 48%), SKIL -1.9% (acquires Pluma for $22 mln in cash), O -1.3% (commences public offering of 7.25 mln shares), WISH -1.3% (CFO departs), EHTH -0.7% (stock offering), DBVT -0.4% (files for $250 mln ordinary share offering in form of ADSs), ZNGA -0.4% (set its sights on consoles, according to Axios), HYMC -0.3% (files for $500 mln mixed securities shelf offering; also files for 69,814,676 share stock offering by selling shareholders), CBZ -0.2% (settles lawsuits in connection with actuarial services), BEAM -0.2% (APLS and BEAM announce research collaboration), WTS -0.2% (approves restructuring program for its operating facilities in France), JOE -0.1% (sells all 38 homesites in second sales release at Watersound Camp), ASGN -0.1% (to acquire "Infor" business unit from Avaap), FIX -0.1% (to acquire Amteck)

>>> Europe : Brokers Upgrades & Downgrades - 1st of July 2021

>>> Up
* Ascential Raised to Buy at Berenberg; PT 485 pence
* Celanese Raised to Buy at Deutsche Bank; PT $175
* DSM PT Raised to 182 euros from 156 euros at Citi
* EssilorLuxottica Raised to Buy at Stifel; PT 173 euros
* Fraport Raised to Buy at Stifel; PT 75 euros
* LVMH PT Raised to 800 euros from 750 euros at Jefferies
* NCC Raised to Buy at Berenberg; PT 335 pence
* Senior Raised to Buy at Peel Hunt; PT 212 pence
* SocGen Raised to Buy at Deutsche Bank
* Volati Raised to Buy at Nordea

>>> Down
* BNP Paribas Cut to Hold at Deutsche Bank
* CTP Cut to Neutral at Goldman; PT 17.70 euros
* EssilorLuxottica Cut to Sector Perform at RBC; PT 160 euros
* Knorr-Bremse Cut to Hold at Stifel; PT 100 euros
* Partners Group Cut to Hold at Jefferies; PT 1,400 Swiss francs

>>> Initiation
* Allfunds Group Rated New Neutral at Autonomous Research
* Breedon Rated New Buy at HSBC; PT 128 pence
* Corticeira Amorim Rated New Outperform at Oddo BHF
* CTS Eventim Rated New Buy at Jefferies; PT 73 euros
* Logista Rated New Neutral at Oddo BHF; PT 18.80 euros
* OHB SE Rated New Buy at Stifel; PT 48 euros
* Tritax EuroBox Rated New Outperform at RBC; PT 130 pence
* Zooplus Rated New Hold at Jefferies; PT 260 euros

>>> Call
* CTS Eventim a Leader in Growing Market, Jefferies Initiates Buy
* DiaSorin New Buy at Intron Health on Covid Sales, Luminex Upside
* Senior Raised to Buy as Path to Recovery Gets Clearer: Peel Hunt
* Zooplus Hold at Jefferies, Topline Growth Yet to Reach Potential

>>> Europe : Brokers Upgrades & Downgrades - 1st of July 2021

>>> Up
* Ascential Raised to Buy at Berenberg; PT 485 pence
* Celanese Raised to Buy at Deutsche Bank; PT $175
* DSM PT Raised to 182 euros from 156 euros at Citi
* Fraport Raised to Buy at Stifel; PT 75 euros
* LVMH PT Raised to 800 euros from 750 euros at Jefferies
* NCC GROUP RAISED TO BUY VS HOLD AT BERENBERG, PT 335P
* Senior Raised to Buy at Peel Hunt; PT 212 pence
* SocGen Raised to Buy at Deutsche Bank
* Volati Raised to Buy at Nordea

>>> Down
* BNP Paribas Cut to Hold at Deutsche Bank
* CTP Cut to Neutral at Goldman; PT 17.70 euros
* EssilorLuxottica Cut to Sector Perform at RBC; PT 160 euros
* Knorr-Bremse Cut to Hold at Stifel; PT 100 euros
* Partners Group Cut to Hold at Jefferies; PT 1,400 Swiss francs

>>> Initiation
* Allfunds Group Rated New Neutral at Autonomous Research
* Breedon Rated New Buy at HSBC; PT 128 pence
* Corticeira Amorim Rated New Outperform at Oddo BHF
* CTS Eventim Rated New Buy at Jefferies; PT 73 euros
* Logista Rated New Neutral at Oddo BHF; PT 18.80 euros
* OHB SE Rated New Buy at Stifel; PT 48 euros
* Tritax EuroBox Rated New Outperform at RBC; PT 130 pence
* Zooplus Rated New Hold at Jefferies; PT 260 euros

>>> Call
* CTS Eventim a Leader in Growing Market, Jefferies Initiates Buy
* DiaSorin New Buy at Intron Health on Covid Sales, Luminex Upside
* Zooplus Hold at Jefferies, Topline Growth Yet to Reach Potential