Early Pre-Market Gappers
- Gapping Up:
- ASLN +89.01%, EVFM +40.75%, CDXC +13.19%, UWT +5.13%, NIO +3.08%, CNK +2.48%, DUST +2.41%, SPLK +2.23%, DOCU +2.16%
- Gapping Down:
- ROKU -5.99%, VSAT -4.84%, DGAZ -4.64%, ADT -4.22%, BIIB -1.76%, JNUG -1.69%
>>> Up
* AT&S Raised to Buy at Erste Group; PT 23.30 euros (+)
* Colruyt Raised to Hold at ABN Amro Bank; PT 47 euros (+)
* EDF Raised to Overweight at Morgan Stanley; PT 13 euros
* Engie Raised to Overweight at Morgan Stanley; PT 18 euros
* E.ON Raised to Neutral at Goldman; PT 9.70 euros
* E.ON Raised to Equal-Weight at Morgan Stanley; PT 9.50 euros
* Glencore Raised to Outperform at RBC; PT 290 pence
* ICADE Raised to Buy at HSBC; PT 103 euros
* NLMK Group GDRs Raised to Buy at Wood & Company; PT $23.90
* Prosus Raised to Hold at Jefferies (+)
* Rio Tinto Raised to Sector Perform at RBC; PT 3,900 pence
* RWE Raised to Overweight at Morgan Stanley; PT 32 euros
* Telefonica Raised to Overweight at Barclays; PT 8.80 euros
* Unilever Raised to Buy at Liberum
>>> Down
* ABN AMRO GDRs Cut to Equal-Weight at Morgan Stanley
* Boohoo Cut to Underweight at Morgan Stanley; PT 180 pence
* Brenntag Cut to Hold at Deutsche Bank; PT 50 euros
* Derwent London Cut to Underweight at JPMorgan; PT 3,500 pence
* Enagas Cut to Underweight at Morgan Stanley; PT 19.60 euros
* Evraz Cut to Hold at Wood & Company; PT 388 pence
* Gem Diamonds Cut to Hold at Liberum
* Iberdrola Cut to Equal-Weight at Morgan Stanley; PT 9.60 euros
* ID Logistics Cut to Hold at Portzamparc; PT 190 euros
* Ibstock Cut to Hold at Jefferies; PT 268 pence
* Jumbo Cut to Hold at Wood & Company; PT 21.50 euros
* Kion Cut to Hold at Baader Helvea
* Land Sec. Cut to Neutral at JPMorgan; PT 1,000 pence
* Sabadell Cut to Equal-Weight at Morgan Stanley; PT 1.10 euros
* Sampo Cut to Add at AlphaValue
* TUI Cut to Market Perform at Bernstein
>>> Initiation
* Adidas Rated New Hold at Jefferies; PT 292 euros
* Atlantia Resumed Neutral at Citi; PT 22 euros (Earlier)
* Eramet Rated New Strong Buy at Portzamparc; PT 73 euros
* Johnson Service Rated New Add at Peel Hunt; PT 196 pence
* Puma Rated New Buy at Jefferies; PT 83 euros
* Stock Spirits Rated New Buy at Shore Capital; PT 280 pence
* Tenaris ADRs Resumed Buy at Citi; PT $26.50
>>> Call
* Brenntag at Fair Value After Rally, Deutsche Says, Cuts to Hold (+)
* Time to Buy Ambea as Profit Boost Looms, Dagens Industri Says
* Boohoo Cut, Gets Street-Low PT on Growth Concern: Morgan Stanley
* RBC Upgrades Glencore After De-Rating, Rio Tinto on Iron Ore
* Ted Baker Identifies Inventory Value Overstated, Appoints Review
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Unilever (UNVB TH) +2.5%
- Unilever Focus Supports Growth, ‘Best is Yet to Come’: Liberum
-
Rio Tinto (RIO1 TH) +2%
- Watch Miners, Steelmakers, Autos on Better China Industry Data
- National Grid (NNGF TH) +1.7%
- Croda (6CMA TH) +1.6%
-
Puma (PUM TH) +1.5%
- Puma Rated New Buy at Jefferies; PT 83 euros
- Lufthansa (LHA TH) +1.5%
- Lufthansa Dodges Strike at LSG Unit as Union Calls Off Walkouts
- Air Liquide (AIL TH) +1.2%
- BHP Group PLC (BIL TH) +1.1%
-
BP (BPE5 TH) +1%
- Watch Oil Stocks as Iraq Signals OPEC+ Will Consider Output Cuts
- Rheinmetall (RHM TH) -0.6%
-
ABN AMRO (AB2 TH) -0.9%
- ABN AMRO GDRs Cut to Equal-Weight at Morgan Stanley
-
Kion (KGX TH) -1.9%
- Kion Cut to Hold at Baader Helvea
-
Brenntag (BNR TH) -2.1%
- Brenntag Cut to Hold at Deutsche Bank; PT 50 euros
DAX:
Lufthansa (LHA TH) +1.8%
Lufthansa Dodges Strike at LSG Unit as Union Calls Off Walkouts
E.ON (EOAN TH) +1%
E.ON Raised to Neutral at Goldman; PT 9.70 euros
RWE (RWE TH) +0.9%
RWE Raised to Overweight at Morgan Stanley; PT 32 euros
MDAX:
Deutsche PBB (PBB TH) +1.2%
1&1 Drillisch (DRI TH) +1.2%
ProSieben (PSM TH) +0.9%
K+S (SDF TH) +0.8%
Aroundtown (AT1 TH) +0.7%
Brenntag (BNR TH) -1.4%
Brenntag Cut to Hold at Deutsche Bank; PT 50 euros
Kion (KGX TH) -1.7%
Kion Cut to Hold at Baader Helvea
SDAX:
Varta (VAR1 TH) +2.1%
DIC Asset (DIC TH) +1.8%
DIC Buys Cologne Building From South Korea’s Mirae for ~EU500m
Corestate (CCAP TH) +1.7%
Corestate Places 121,000 Sqm Portfolio on Behalf of Client
Adler Real Estate (ADL TH) +1.4%
Encavis (CAP TH) +1.3%
Heidelberger Druck (HDD TH) -2.2%
Financial markets started December with a risk-on mood following a better-than-expected reading on Chinese manufacturing that added to evidence the global economy is turning a corner.
Asian equity benchmarks rose, led by gains in Japan fueled in part by a retreat in the yen. S&P 500 Index futures edged up, though European contracts were little changed. Ten-year Treasury yields climbed to 1.82%, and their Japanese counterparts ticked up closer toward zero. The yen retreated. Sentiment could still be kept somewhat in check by the continuing lack of closure on a U.S.-China trade deal. China’s Global Times underscored that its government wants tariffs to be rolled back as part of “phase one.”
Nikkei +1.01% Hang Seng +0.40% CSI +0.18% Shanghai +0.10% Shenzen +0.19%
Eur$1.1016 CNH 7.0331 CNY 7.0328 JPY 109.65 GBP 1.2917 CHF 1.0002 RUB 64.39 TRY 5.7433 WTI$ 55.98 +1.47%
S&P +0.25% EuroStoxx +0.03% FTSE +0.05% Dax +0.105 SMI -0.15%
Macro :
- Goldman Sachs Recommends Long on U.K. Domestic Stocks Into 2020
- November M&A Surge Pushes 2019’s Totals Nearer Last Year’s Mark
- JPMorgan Sees Global Economic Pick-up Spurring Mediocre Returns
Keep an eye on :
- ATL IM : Fitch Ratings Places Atlantia on Negative Watch
- ATL IM : Benetton Says Unfair to Blame Family for Bridge Collapse (1)
- AMBEA SS : Time to Buy Ambea as Profit Boost Looms, Dagens Industri Says
- BPB HM : Italy Weighs $1.1 Billion Rescue Plan for Pop. Bari: Repubblica
- BME SM : SIX Group Works With Santander, BBVA, Caixabank on BME Bid: Rtrs
- BMPS IM : Italy Approves $1.1 Billion Capital Hike for State-Owned AMCO
- COPN SW : Cosmo Signs Global Eleview Distribution Agreement With Medtronic
- CCAP GY : Corestate Places 121,000 Sqm Portfolio on Behalf of Client
- DAI GY : Nokia Submits Plan to Resolve Patent Fee Dispute: Reuters
- DLAR LN : Activist Fund Crystal Amber Set to Double Stake in De La Rue: FT
- DBK GY : Deutsche Bank Denies U.S. Is Widening Danske Investigation
- DIC GY : DIC Buys Cologne Building From South Korea’s Mirae for ~EU500m
- DIE BB : D’Ieteren Screening for Potential Acquisitions, CEO Tells L’Echo
- DSM NA : DSM CEO Sijbesma to Leave in 2020 After 13-Year Transformation
- ENEL IM : Enel Awarded 11.8GW in Italy’s Second Capacity Market Auction
- ENGI FP : Engie Said to Mull GRTgaz Stake Sale If Tariff Plan Won’t Change
- ERA FP : Eramet Gets Exploration Permits for Mineral Sands in Cameroon
- EXO IM : De Benedetti’s CIR Confirms Talks With Exor on GEDI Sale
- FCA IM : Fiat Chrysler Commits to $9 Billion U.S. Investment in UAW Deal
- GEDI IM : *GEDI SHARES SUSPENDED PENDING STATEMENT: ITALY EXCHANGE
- HAW GY : Hawesko Still Sees 2019 Sales Including ‘Wein & Co’ up 7%-9%
- INTU LN : Intu Properties Hires PwC to Help Fix Balance Sheet, Co. Says
- LHA GY : Lufthansa Faces Strikes in Labor Dispute Over Sale of LSG unit
- MRL SM : Merlin Properties Sells Portfolio of 26 Office Buildings
- OPUS SS : Opus Group Gets Cash Offer from Ograi at SEK7.75 Per Share
- ZAR GY : VW Might Sell Renk to Private Equity Investors, FAZ Reports
- ROG SW : Roche’s Satralizumab Cuts Relapse Risk in Combo With Therapy
- ESL LN : Tinkler to Appeal to Watchdog Over DBAY’s Eddie Stobart Bid: Sky
- TFI FP : TF1 Buys Final of Champions League From 2022-2024; No Terms
- UCG IM : UniCredit to Sell 9% Stake in Yapi Kredi to Koc, Ending JV
- VID SM : Vidrala Sells Belgium Business to Saverglass for 2 Euros
- VIV FP : Mediaset Says Talks With Vivendi Over Dutch Holding Plan Failed
- VOW3 GY : VW CEO Calls to Step Up Efficiency to Compete With Tesla
>>> Up
* EDF Raised to Overweight at Morgan Stanley; PT 13 euros
* Engie Raised to Overweight at Morgan Stanley; PT 18 euros
* E.ON Raised to Neutral at Goldman; PT 9.70 euros
* E.ON Raised to Equal-Weight at Morgan Stanley; PT 9.50 euros
* Glencore Raised to Outperform at RBC; PT 290 pence
* ICADE Raised to Buy at HSBC; PT 103 euros
* NLMK Group GDRs Raised to Buy at Wood & Company; PT $23.90
* Rio Tinto Raised to Sector Perform at RBC; PT 3,900 pence
* RWE Raised to Overweight at Morgan Stanley; PT 32 euros
* Telefonica Raised to Overweight at Barclays; PT 8.80 euros
* Unilever Raised to Buy at Liberum
>>> Down
* ABN AMRO GDRs Cut to Equal-Weight at Morgan Stanley
* Boohoo Cut to Underweight at Morgan Stanley; PT 180 pence
* Brenntag Cut to Hold at Deutsche Bank; PT 50 euros
* Derwent London Cut to Underweight at JPMorgan; PT 3,500 pence
* Enagas Cut to Underweight at Morgan Stanley; PT 19.60 euros
* Evraz Cut to Hold at Wood & Company; PT 388 pence
* Gem Diamonds Cut to Hold at Liberum
* Iberdrola Cut to Equal-Weight at Morgan Stanley; PT 9.60 euros
* ID Logistics Cut to Hold at Portzamparc; PT 190 euros
* Ibstock Cut to Hold at Jefferies; PT 268 pence
* Jumbo Cut to Hold at Wood & Company; PT 21.50 euros
* Kion Cut to Hold at Baader Helvea
* Land Sec. Cut to Neutral at JPMorgan; PT 1,000 pence
* Sabadell Cut to Equal-Weight at Morgan Stanley; PT 1.10 euros
* Sampo Cut to Add at AlphaValue
* TUI Cut to Market Perform at Bernstein
>>> Initiation
* Adidas Rated New Hold at Jefferies; PT 292 euros
* Atlantia Resumed Neutral at Citi; PT 22 euros (Earlier)
* Eramet Rated New Strong Buy at Portzamparc; PT 73 euros
* Johnson Service Rated New Add at Peel Hunt; PT 196 pence
* Puma Rated New Buy at Jefferies; PT 83 euros
* Stock Spirits Rated New Buy at Shore Capital; PT 280 pence
* Tenaris ADRs Resumed Buy at Citi; PT $26.50
>>> Call
* Time to Buy Ambea as Profit Boost Looms, Dagens Industri Says
* Boohoo Cut, Gets Street-Low PT on Growth Concern: Morgan Stanley
* RBC Upgrades Glencore After De-Rating, Rio Tinto on Iron Ore