>>> What to look at today - 2nd of October 2019

Asian stocks retreated after a weak reading on American manufacturing added to concern about the global economy. Treasuries gave up a sliver of Tuesday’s gains.
Japanese, Hong Kong and South Korean shares all slid, while Australian equities were also hit by a misconduct charge at one of the country’s largest banks. Earlier, the S&P 500 fell the most in five weeks and pushed through a key support level after the Institute for Supply Management’s factory index slipped to the lowest since June 2009. The yield on 10-year Treasuries was at 1.66%.
US After Hours LNDC +6.6%, UNFI -18%, SFIX -6% following earnings/guidance

Nikkei -0.5CSI -0.99% 2% Hang Seng -0.23% Shnaghai -0.92% Shenzen -1.06%

S&P +0.11% EuroStoxx -0.37% FTSE -0.44% Dax -0.40% SMI -0.11%

Macro :
- EU Nations Discuss Time Limit for Irish Backstop in Brexit Deal
- Draghi Says Fiscal Boost Could Allow ECB to Raise Rates Sooner

Keep an eye on :
- ABDP LN : AB Dynamics Sees Earnings Ahead of Market Expectations
- ADP FP : ADP in Talks With Bolivia to Develop Santa Cruz Intl Airport
- ALV GY : Allianz Seen as Front-runner for BBVA Insurance Arm: Reuters
- ATL IM : Italy Widens Probe on Atlantia-Operated Bridges: Reuters
- ATL IM : Di Maio Repeats Need to Revoke Italy Highway Concessions: Ansa
- BAKKA NO : Bakkafrost 3Q Harvest Volume 12,900 Metric Tons
- CFN PL : Cofina Says It Plans EU85m Capital Increase to Buy Media Capital
- DAI GY : Daimler September U.S. Auto Sales +4.5% Vs. -5% Y/y
- DMGT LN : Meghan Markle Files Claim Against Associated Newspapers
- DRW3 GY : Draeger to Buy Back 584,000 Preferred Shares in November
- GLJ GY : Grenke Boosts FY New Business In The Leasing Segment View
- IBPO LN : iEnergizer Sees Earnings Ahead of Market Expectations
- NESN SW : Nestle’s Galderma Wins Patent Ruling on Sun’s Rival to Oracea
- NESN SW : Nestle Closes Sale of Skin Health Unit for CHF10.2b
- PAT GY : Patrizia Close to Buy GreenOak Logistic Portfolio: Confidencial
- PHA FP : Pharmagest Interactive Buys Majority Stake in Svemu Informatica
- RI FP : Pernod Ricard to Cut 280 Jobs in French Streamlining
- SGO FP : Saint-Gobain Sells K Par K in France
- SRE LN : Sirius Real Estate Says Performance is in Line With Expectations
- SEV FP : Suez Targets EU1B in Savings By 2023, Plans Asset Rotation
- FP FP : Total to Sell Stakes in French Fos-Sur-Mer Gas Assets: Echos
- UNA NA : Unilever Buys Personal Care Business Lenor Japan; No Terms
- VOW GY : VW September U.S. Auto Sales -12% Vs. -4.80% Y/y

>>> After Hours Summary: LNDC +6.6%, UNFI -18%, SFIX -6% follow

After Hours Summary: LNDC +6.6%, UNFI -18%, SFIX -6% following earnings/guidance

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: LNDC +6.6%

Companies trading higher in after hours in reaction to news: VHC +20.2% (attributed to favorable court determination - rejected Apple and Cisco's request to delay patent dispute), AIMT +8.5% (after hours strength attributed to Piper Jaffray's Christopher Raymond positive comments based on new allergist survey), NEXT +5.3% (light volume; issued $15 mln of common stock to affiliate of Bechtel Oil, Gas and Chemicals at $7.08 per share), CALA +4.2% (announces acceptance of two abstracts for presentation at the 2019 SITC Annual Meeting), MGI +2.2% (ticking higher; Metropolitan Commercial Bank announces partnership with MoneyGram through debit card deposit service)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: UNFI -18.2%, SFIX -6.3%

Companies trading lower in after hours in reaction to news: OCUL -1.4% (relinquishing initial gains after announcing permanent J-Code for DEXTENZA, effective October 1)

>>> Europe : Brokers Upgrades & Downgrades - 2nd of October 2019

>>> Up
* Masmovil Upgraded to Overweight at Morgan Stanley; PT 29 Euros
* Pernod Ricard Upgraded to Buy at Jefferies; PT 185 Euros
* RDI REIT Upgraded to Buy at Berenberg
* Saras Upgraded to Equal-weight at Barclays; PT 1.90 Euros

>>> Down
* Arkema Downgraded to Neutral at MainFirst; PT 98 Euros
* CaixaBank Cut to Neutral at JB Capital Markets; PT 3 Euros
* Covestro Downgraded to Underperform at MainFirst; PT 41 Euros
* DNB Downgraded to Underperform at Jefferies; PT 130 Kroner
* Ebro Foods Cut to Hold at Ahorro Corporacion; PT 20.60 Euros
* Ence Downgraded to Sell at Ahorro Corporacion; PT 3.30 Euros
* Faes Farma Cut to Hold at Ahorro Corporacion; PT 4.92 Euros
* Fuchs Petrolub Cut to Underperform at MainFirst; PT 31 Euros
* Hastings Downgraded to Underperform at RBC; PT 1.70 Pounds
* Marks & Spencer Downgraded to Hold at Peel Hunt
* Metso Oyj Downgraded to Neutral at JPMorgan; PT 34 Euros
* Telenor Downgraded to Neutral at JPMorgan; PT 190 Kroner
* Verbund Downgraded to Neutral at MainFirst; PT 53.90 Euros

>>> Initiation
* Acciona Rated New Outperform at RBC; PT 115 Euros
* BBA Aviation Rated New Add at Peel Hunt; PT 3.40 Pounds
* Homeserve Reinstated Overweight at Morgan Stanley
* Prosus Rated New Buy at Goldman; PT 90 Euros
* Scorpio Tankers Reinstated at SEB Equities With Buy; PT $46
* Solaria Energia Rated New Outperform at RBC; PT 8.50 Euros

>>> Call