09.23.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)


"CAPIS EU Close – 4/17/2019"

posted by Clayton Duff on 04/17/2019 at 12:54 pm

by Clayton Duff

04/17/2019 at 12:54 pm

Post a heavy night of economic releases including a better GDP reading out of China European markets again moved a bit higher but on higher turnover tonight.  Despite EU27 New Car Registrations down 3.9% in march Autos today led sector-wise with a gain of 1.62%.  Media and Insurers worked higher while Healthcare names were off nearly 2%.

ABB rallied 5.4% with inline 1Q revs reported.  Markets though were focused on CEO Spiesshofer stepping down as his role there has been plagued by poor stock performance and tension with a large shareholder.

Roche fell 1% despite upping their FY sales growth guidance.  The firm sees better growth with new drugs for MS and breast cancer treatments up and running.  Growth in China was also cited.

Steel names ticked up with Vale’s restart of an iron ore mine pushing prices lower.  ArcelorMittal +4.1% and Thyssenkrupp +3.6% both moved up as they attempt to move out of month’s long bases.

Post the close Kering reported solid 1Q #’s with organic revenue growth up 20%.  The firm sees Gucci growth at twice the pace of growth in the space but still slower than the trajectory it has been on.

Tonight, Japan is out with Manufacturing PMI readings with other locales worldwide to follow with PMI data.  Australia releases jobs data.  The UK has retail sales with German producer prices due as well. Switzerland releases imports/exports including Swiss Watch Exports.

Tomorrow, Denmark, Mexico, and Norway will be shut for trading with Sweden closing early.

About the Author

Clayton Duff headshot
ClaytonDuffDir,Director of International Trading

Clayton Duff joined the firm in 2008. He has worked in the industry since 1994 and held various trading and sales positions before CAPIS, including four years as a trader for First Southwest. Clayton was promoted to manager of international trading in 2019. He earned his bachelor’s degree f...

Subscribe to Stay Informed

Stay informed by subscribing to information that matters to you. We'll email you when we post new content you want to see.