>>> US Early premarket gappers

Early premarket gappers

Gapping up: GRPN +22.8%, ROVI +9.6%, BCOV +8.8%, DB +8.1%, COLM +8%, RIO +7.4%, IMMR +7.3%, ELLI+7.1%, BBL +7%, TTM +7%, ETE +6.9%, QUOT +6.4%, VALE +6.3%, BHP +5.7%, FCX +5.5%, NBIX +5.3%, CHK+5.1%, CS +5%, RBS +4.6%, BCS +4.2%, MRO +4.1%, PUK +4%, SDRL +3.7%, JPM +3.5%, COP +3.5%, KMI +3.5%,MS +3.5%, RIG +3%, MT +3%, BAC +3%, SUNE +2.9%, BP +2.8%, ARMH +2.7%, CRAY +2.7%, HSBC +2.6%, UPL+2.5%, SHPG +2.5%, X +2.5%, SAN +2.4%, C +2.3%, TOT +2.3%, TSLA +2.3%, RDS.A +2.2%, GS +2%, ITT +1.9%,WEB +1.6%, WEB +1.6%, F +1.4%, WYNN +1.4%, FB +1.1%, RTIX +1%, BSQR +1%

Gapping down: NUS -20.6%, SCSS -17.4%, ATVI -12.2%, ZG -9.7%, CYBR -9.1%, LOGM -7.9%, AMKR -7.5%, QLIK-7.3%, Z -6.6%, TRXC -6.1%, P -5.7%, HMY -4.4%, GFI -3.3%, FMS -2.9%, ALNY -2.6%, TM -2.1%, GG -1.9%, DVA-1.7%, GDX -1.6%, CBS -1.3%, NEM -1.2%, AUY -1.1%, SSNC -1.1%, MYL -1%, EGO -1%, ABX -0.9%, IAG -0.9%, SLW-0.9%, EGN -0.7%

>>> Airbus A320neo's engine problems to be solved by April -Pratt CEO - RTRS

Airbus A320neo's engine problems to be solved by April -Pratt CEO - RTRS

12-FEB-2016 12:23:48
HAMBURG, Feb 12 (Reuters) - Any technical problems with the engines of Airbus's AIR.PA A320neo jetliner should be solved in the coming weeks, the head of engine manufacturer Pratt & Whitney UTX.N said.

"By April, most of that will be solved," Robert Leduc said at a ceremony at which German flagship carrier Lufthansa LHAG.DE took delivery of the first A320neo.

Lufthansa stepped up to become the first airline to take delivery of the revamped passenger jet after Qatar Airways voiced uncertainty over the technical performance of its Pratt & Whitney engines. (Full Story)

A problem emerged late last year with the Pratt & Whitney Geared Turbofan engine that required extra time for cooling before restarting under some circumstances. (Full Story)

Lufthansa Chief Executive Carsten Spohr said on Friday that the German carrier's engineers were working with Pratt & Whitney to overcome any teething problems as quickly as possible.

The A320neo offers 15-percent lower fuel consumption thanks mainly to a choice of next-generation engines from Pratt & Whitney or CFM International, a joint venture of General Electric GE.N and France's Safran SAF.PA.

>>> Street Pre-Market Indications

CS
Airbus +2% Philippine Airlines to buy six A350 aircraft
Berensden +1-2% CS upgrade to OUTPERFORM (Value creative growth)
Dior UNCH FY revenues 1% miss, profit from recurring ops 3% miss
GN Store +2-3% Q4 sales 1% beat, net income 1% light, outlook inline
Hammerson M/P Entered into 50/50 JV with CPPIB
Henderson -1% CS downgrade to NEUTRAL (Challenging year)
L'Oreal +2-3% Q4 org growth 4.8% cons +3.9%, EPS €6.18 cons €6.14
M&C -1-2% Impairment charge of £43m relating to 4 hotels
Miners +2% Copper +0.45%, Brent +4.45%, Iron Ore Closed, China Closed
Mittal M/P Numbers inline with previous guidance
Oils +2% U.A.E. Oil Minister - ‘Everyone is Ready to Cooperate,’
Renault +2-3% FY Op profit EU2.32B est EU2.02B, margin achieved in 2015
Rolls Royce +2-3% Trdg outlook for 2016 unch, divi cut not as bad as feared
Schindler +3-4% FY Net profit CHF747m, towards top end of previous guidance
SSAB +2-3% No's inline and guidance unchanged, no rights issue
Temenos +2% Q4 2015 numbers reassuring strength
Thyssen +1% Q1 small miss, net debt inline, reiterates FY guidance
Ubisoft -4-5% Q3 sales look light and cuts FY guidance
MainFirst Pre Mkt Indications
*RENAULT-Net 2.82b(2.81),Rev 45.3b(44.9),OP 2.32b(2.02),Div 2.4....+3%
*THYSSEN-Sales 9.55b(9.9),Ebit 234m(239.6),FY Earns/CF in range....-2%
*CBK-NI 187m(156.1),Rev be4 LLP 2.23b(2.27),Div 20c(30)............+8%
*GN STORE-Sales 2.46b(2.43),Net 346m(351),Divi 99c(1.15)...........+0.5%
*SOC GEN-Oudea says there is no new banking crisis - Figaro........-1%
*SCHINDLER-Orders 9967m(9811),Sales 9391m(9355),Net 747m(757)......+0.5%
*JULIUS BAER-Said to bid for Barclays Asia Wealth - Reuters........+0.5%
*L'OREAL-FY OP 4.39b(4.39),Rev 25.3b(25.1),L-F-L Sales 4.2%(3.7)...+2%
*TEMENOS-Rev $173.4m(159.3),Ebit $65.2m(65.4),outlook inline.......+1%
*DAIMLER-Press spec about management reshuffle-we think neutral....U/C
*UBISOFT-Rev 562m(653),Cuts FY Sales and Operating Profit f/c......-4%
*CARL ZEISS-REv 262.2m,Ebit 32.2m,Margin 12.3%,FY outlook unch.....+3.5%
?
UK
* BARCLAYS-OCBC, Julius Baer Said to Bid for Barclays Asia Wealth(Reuters)..+1%
* HAMMERSON-Signs JV wih CPPIB on Grand Central SC for £175m...............+1/2%
* PREMIER OIL/ROCKHOPPER-JV cancels Rig contract.Sml -ve but oil strong.....+5%
* ROLLERS-FY. CUt div(expected) but maintains guidnace....................+2-3%
EU
* CARL ZEISS-Q1 rev and ebit look in line, confirms margin goals.............+3%
* COMMERZBANK-Q4 rev inline, net 20% beat, div light, CET1 good at 12%.......+7%
* DAIMLER-said to restructure management board (HB)..........................+1%
* DTEL-Apollo, Warburg said to bid for T-Mobile Netherlands..................+1%
* GN STORE-Q4 sales in line,net/div miss, FY16 ebita guidance below cons.....-2%
* L’OREAL-Q4 lfl sales +4.2% vs est +3.7%, div in line.......................+3%
* RENAULT-FY net 14% ahead, rev in line, div small beat......................+3%
* SCHINDLER-FY numbers look in line, FY16 guidance in line too...............+2%
* SSAB-Q4 op loss 12% worse than cons,no div(expected),raises synergy tgts...+2%
* TEMENOS-Q4 rev $173m(est $159m),ebit in line,FY16 guidance ahead of cons...+5%
* THYSSEN-Q1 sales 4% light,ebit 2% light,FY f/c ‘still in range’............-2%
* UBISOFT-Q3 rev 14% miss,cuts op prof guidance,Vivendi stake supports price.-3%
* VIVENDI-see Ubisoft cutting guidance (owns 11%) offset by broker u/g away..+2%
shore
SUPERGROUP - co-founder Dunkerton to sell 4m shares in placing..............MKT
MILLENNIUM & COP' - to recognise £43m impairment charge.....................-1%
MONITISE - EBITDA losses narrow,projects positive in H2,has £53.4m cash...+tive
ACAL - inline,UK D&M div impacted by fewer orders,maintains FY outlook......-1%
GLAXO - fined £38m by the CMA for blocking generic competitors.............UNCH
PREMIER OIL - terminates drilling contract at Chatham Well................-tive
S&U - record results from motor finance biz,seeking acquisitions............+2%

>>> What to look at today - 12th of February 2016

Dow-1.60% S&P-1.23% Nasdaq-0.39% Russell-1.1%
US Market Closed lower after Hong Kong reopened and closed lower by 3.9%, European financials concerns. WTI closed lower byy 5.1% to $26.14 per barrel. Yellen comments didn't help the sentiment, Fed Chair Yellen didn't provide any reprieve from the selling pressure during her testimony either. She did acknowledge that negative interest rates are still on the table as a potential tool for further policy accommodation, yet she also asserted that economic evidence to date is not enough to suggest a rate cut is the Fed's next move. Tech get a boost from CSCO +9.6% after earnings. Financials (-3%)was the worst performers, consumer staples (-0.8%), telecom services (-0.5%), energy sector (-0.4%) and consumer discretionary (-0.1%). Gold rise 4.4% to $1,247.30. Volume were above average with 1.32b. US After Hours GRPN +18.3%, VCRA +13.6%, COLM +8.4%, NUS -20%, SCSS -15.9%, ATVI -13.8%, ZG -10.8%, P -3.7%, FEYE -2.3% following earnings/guidance, JPM+2.7% on WSJ Article that Jamie Dimon purchased 500k Shares. Asian trading session has been as volatile as late afternoon in the US hours, where another day of extreme selling was thwarted by reports of UAE energy minister expressing the willingness for OPEC to capitulate on production cuts as all producers see prices "not appropriate", oil traded as high as $27.75 in electronic session, while closely watched USD/JPY spiked up to ¥113 handle on speculation of more intervention. Earlier today (early US hours), USD/JPY spiked up from 111 to 113 on unconfirmed dealer rumors that BOJ is checking rates for intervention. Today Fin Min officials refused to comment on those reports but most defended Japan's fundamentals and reiterated the blame for volatility with external factors.

Nikkei -4.84% Hang Seng -1.05% Shanghai Closed

Eur$1.1307 CNH 6.5413 CNY 6.5743 JPY 112.16 GBP 1.4472 CHF 0.9735 RUB$79.22 WTI$27.47 (+4.81%)

S&P+0.15% EurStoxx+0.45% Dax+0.65% SMI +0.27%

Macro :
- OPEC Ready to Cooperate on Cut, UAE Energy Minister Says: WSJ
- WTI Crude Drops to 12-Year Low, Settles at $26.21/Bbl
- Gundlach Says Negative Rates Harmful, Not Helpful: CNBC

Keep an eye on :
- AIR FP : Philippine Air May Announce Purchase of 6 Airbus A350: Inquirer
- AFX GY : Carl Zeiss Meditec 1Q Rev. Rises 9%; Confirms Margin Goal
- CO FP : Berli to Seek Shareholder Approval March 21 for Big C Purchase
- CBK GY : Commerzbank 4Q Net Income Beats; CET1 Ratio Rises to 12.0% Commerzbank Plans Div. 20c; Non-Core Loss Narrows
- ATLN VX : Actelion Uptravi Solves Class Dosing Stigma, May Boost Opsumit
- BKG LN : To be add to MSCI UK on the close of the 29th of Feb
- DAI GY : Daimler Said to Restructure Management Board: Handelsblatt
- DBK GY : Deutsche Bank Share Drop Not Subject of Bafin Probe: Reuters
- EDF FP : EDF Said to Plan Subcontracting for Hinkley Point C: The Times
- FB US : Facebook Says Testing SMS Access in Messenger: VentureBeat
- NK FP : Imerys 2015 Net EU68.4m Vs Yr Ago EU272m
- BAER VX : OCBC, Julius Baer Said to Bid for Barclays Asia Wealth: Reuters
- LHN VX : LafargeHolcim Investor Schmidheiny Not Cutting Stake: HZ
- OR FP : L’Oreal 2015 Op. Profit Matches Ests.; Seeks Earnings Growth, CEO Says Brexit Not a Big Issue for Cosmetics Maker, CEO Agon Says Co. Can Deliver in Any Environment: Figaro
- P US : Pandora Said to Explore Sale, Has Retained Morgan Stanley: NYT
- RI FP : Pernod Ricard could consider US acquisitions of up to EUR 1bn
- REC NO : REC Silicon 4Q Revenue Falls to $74.9m; EBITDA Loss $29.6m
- RNO FP : Renault 2015 Profit Beats Estimate, Forecasts Further Growth
- SAN SM : Funds Offer EU2.8B to Buy Santander Headquarters: Expansion
- SCHP VX : Schindler Sees 2016 Sales Growth as 2015 Hit by Strong Franc
- GLE FP : SocGen Expects Slowdown in Energy-Lending Origination: Valet
- GLE FP : SocGen’s Oudea Says There Is No New Banking Crisis: Figaro
- SSABA SS : SSAB 4Q Loss Wider Than Estimates; Within Co. Forecast Range
- TEMN SM : Temenos 4Q Non-IFRS Total Rev. Tops Estimates, Ebit In Line
- TKA GY : Thyssenkrupp 1Q Profit Falls 26%, Missing Estimates
- UBSG VX : UBS Wins Lawsuit Against Singapore Private Wealth Client Tan
- US IM : UnipolSai 2015 Net EU711.3m; Combined Ratio at 93.9%
- WBMD US : WebMD Rises; Betaville Says May Be in Talks w/ Walgreens
- WPG LN : To be add to MSCI UK on the close of the 29th of Feb