Biggest leaders:
- Rheinmetall (RHM TH) +2.1%
- Bayer (BAYN TH) +2%
- Infineon (IFX TH) +1.5%
- Siltronic (WAF TH) +1.5%
- Wirecard (WDI TH) +1.5%
- Deutsche Bank (DBK TH) +1.4%
- Fresenius SE (FRE TH) +1.4%
- Freenet (FNTN TH) +1.3%
- Commerzbank (CBK TH) +1.3%
- Siemens (SIE TH) +1.3%
Biggest laggards:
- Fresenius Medical (FME TH) +0.2%
- Innogy (IGY TH) +0.4%
- Innogy Downgraded to Hold at Bankhaus Metzler; PT 38.40 Euros
- Lufthansa (LHA TH) +0.5%
- K+S (SDF TH) +0.6%
- Deutsche PBB (PBB TH) +0.6%
- Deutsche Telekom (DTE TH) +0.7%
- EON (EOAN TH) +0.8%
- Siemens Healthineers (SHL TH) +0.8%
- Daimler (DAI TH) +0.8%
- Mercedes-Benz Ekes Out Third Straight U.S. Luxury Sales Crown
- VW (VOW3 TH) +0.9%
- Biggest leaders:
- Bayer (BAYN TH) +2%
- Zalando (ZAL TH) +1.7%
- Glencore (8GC TH) +1.5%
- Wirecard (WDI TH) +1.5%
- AMS (DQW1 TH) +1.4%
- Rheinmetall (RHM TH) +1.1%
- Infineon Technologies (IFX TH) +1.1%
- Freenet (FNTN TH) +1.1%
- Siemens (SIE TH) +0.9%
- Covestro (1COV TH) +0.9%
- Biggest laggards:
- Roche (RHO TH) -1%
- Aareal Bank (ARL TH) -0.7%
- BB Biotech (BBZA TH) -0.4%
- Fresenius Medical Care (FME TH) -0.1%
- Sartorius (SRT3 TH) +0.1%
- LEG Immo (LEG TH) +0.1%
- 1&1 Drillisch (DRI TH) +0.1%
- Porsche Holding (PAH3 TH) +0.2%
- Continental (CON TH) +0.2%
- Nestle (NESR TH) +0.2%
NN Group keeping an eye open for acquisitions
Netherlands-based insurance company NN Group [AMS:NN] is keeping an eye open for acquisitions, NN Group CEO Lard Friese said in an interview with the Dutch daily De Telegraaf.
Friese said that NN Group is focusing on growth and acquisitions can help in achieving it. If there are opportunities to acquire a company, NN Group will seriously look into it, Friese said.
NN Group is rumoured to be interested in Dutch insurance company Vivat, which is currently owned by Chinese company Anbang. Friese declined to comment on this specific opportunity, but did say that at the moment, there is no need for NN Group to make a big acquisition in The Netherlands.
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Asia stocks diverged as China shares rallied, while Japanese equities slumped on their first trading day of the year as investors caught up with a slew of negative news ranging from weak economic data to Apple Inc.’s sales outlook cut. U.S. stock futures climbed and the yen slipped after Thursday’s shock surge.
The Shanghai Composite Index climbed 1.4 percent. Concern over China-U.S. trade tensions eased as vice ministers from the two countries prepare to hold talks starting Monday. News that the U.S. House passed a spending-bill package in an effort to end a partial government shutdown also helped sentiment, sending S&P 500 Index futures higher. The yen, seen as a haven trade, slipped after it whipsawed on Thursday. While stocks pared losses in Japan, they were still well in the red as traders returned from an extended New Year’s break.
“I wouldn’t be surprised if we get better communication on trade,” said Stefan Hofer, chief investment strategist at LGT Bank. Still, “we have beginning-of-the-year jitters, low levels of liquidity and exaggerated swings, which feed people’s worst fears -- which I simply can’t sign up to at the moment.”
Stocks across Asia earlier started the day on a weaker tone, following declines in New York. The S&P 500 slid 2.5 percent on Thursday in its steepest sell-off since Christmas Eve as Apple tumbled after citing an unforeseen slowdown in China. A measure of U.S. manufacturing plunged the most since October 2008.
US After Hours AMID +30.2% (receives revised buyout offer from ArcLight), LNDC -7.4%, FLXN -2.8% following earnings/guidance
Nikkei -2.26% Hang Seng +1.64% CSI +2.22% Shanghai +1.89% Shenzen +2.44%
Eur$ 1.1393 CNH 6.8744 CNY 6.8650 JPY 108.18 GBP 1.2638 CHF 0.9868 RUB 68.5340 TRY 5.4399 WTI$ 47.59 +1.06%
S&P +1% EuroStoxx +0.88% FTSE +0.60% Dax 1.075% SMI +0.44%
Macro :
- China, U.S. to Hold Vice-Minister Level Trade Talks Jan. 7-8
- China Debate Over Shrinking Birth Rate Highlights Growth Concern
- Moody’s Sees Medium-Term WTI Crude Price Band $50-$70/Barrel
- API Is Said to Report U.S. Crude Stocks Fell 4.46M BBL Last Week
Keep an eye on :
- ADYEN NA : Adyen could be potential takeover target - Buckingam Research Group
- ATO FP : Atos CEO Thierry Breton Says Paris Will Benefit From Brexit
- CS FP : AXA Equitable Life Insurance Interests in AB US Moved to Unit
- BSLN SW : Basilea Says Cresemba Sales by Partners Exceeded $150M in 2018
- BGBIO NO : BerGenBio Start Phase II Study of Bemcentinib in MDS and AML
- BA/ LN : Kingsport, Tenn. Fire Dept. Responds to BAE Holston Defense Fire
- CRG IM : Carige Investor Malacalza Says Needs More Info to Back Cap Hike
- CRG IM : Italy Treasury’s SGA Negotiating With Carige Admins: Messaggero
- DAI GY : Daimler December U.S. Auto Sales -8%
- DASNKE DC : Most Danes Have Little Faith in Control of Banks: Borsen
- GSK LN : Retrophin Names Eric Dube CEO to Succeed Stephen Aselage
- HUBN SW : Huber+Suhner Sees ’18 Net Sales ‘Slightly’ Above Target
- ITX SM : Inditex Still Top Pick for Margin Upside, Cash Return, RBC Says
- MC FP :
- NOKIA FH : Nokia Raised as BMO Sees Improving Telco Spending Environment
- RNO FP : Ghosn’s Lawyers Seek Explanation From Court on His Detention
- SPU NO : Spectrum Sees 4Q Gross Revenue About $71M vs $56M Year Earlier
- DG FP : Grand Paris President Dallard Confirms Budget Target at EU35B
- VISTIN NO : Vistin Pharma Head of Energy Trading Torbjorn Kjus Resigns
- VOLVB SS : Volvo Group Makes SEK7b Provision to Address Emission Issue
- VOW3 GY : VW December U.S. Car Sales +6.8%
>>> Up
* Coty Upgraded to Neutral at JPMorgan; Price Target $7
* EssilorLuxottica Upgraded to Hold at DZ Bank; PT 111 Euros
* LSE Upgraded to Hold at Commerzbank; Price Target 44 Pounds
* Next Upgraded to Hold at Berenberg
* Nokia ADRs Upgraded to Outperform at BMO; PT $7.50
* Scandic Upgraded to Buy at SEB Equities; PT 90 Kronor
* Whitbread Upgraded to Overweight at Barclays; PT 52 Pounds
>>> Down
* GCP Infra Downgraded to Hold at Jefferies
* Sainsbury Downgraded to Reduce at HSBC; PT 2.30 Pounds
>>> Initiation
* Argenx Rated New Overweight at Morgan Stanley
* Monte Paschi Reinstated at SocGen With Sell; PT 20 Euros
>>> Call
Adyen could be potential takeover target
Dutch payment platform Adyen [AMS:ADYEN] could become a takeover target, the Dutch daily De Telegraaf reported, citing analysts from the Buckingham Research Group.
The analysts expect that Adyen will see strong growth because the number of people shopping online is on the rise. The turnover of the company could increase by 30%, the analysts forecasted, which could make it an attractive target for a takeover.
In 2017, Adyen had a turnover of more than EUR 1bn, according to an earlier report.
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