02.15.2019 19 new International Summary posts under Morning Note (10), International Summary (8), General (1)

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International Summary

"CAPIS EU Close – 4/13/2018"

posted by Clayton Duff on 04/13/2018 at 12:40 pm

by Clayton Duff

04/13/2018 at 12:40 pm

Europe hit highs approximately 30 minutes before the US open steadily giving back earlier gains to closed up small on the day.  Retail fell a percent while Healthcare fell 50bps.  The majority of sectors were +/- small around the flatline with Basic Resources up 1.19% as gold and copper trade higher.  Volumes on the day were 13% lower.

Paper producers rallied with Stora Enso +3.6% seeing a bit better 2Q sales ahead.  The 1Q saw higher paper pricing and good volumes.   UPM-Kymmene +2.2%.

VW +.4% did confirm Diess is replacing Mueller with earlier word Mueller will retain a place on the board until 2020. The structure of the firm is being shaken up as well with three brand groups to be in focus: volume products, premium products, and super premium such as Lamborghini and Bentley.

With added costs associated with further inspections of the Trent 1000 engine numbers for this year and next will be affected for Rolls Royce -1.6%.  On the safety concerns Boeing 787’s will need more frequent inspections along with altered flight patterns to include losing the ability to make oceanic flights.

From earlier: L’Oreal +.2%, Hammerson -9%, Klepierre +3.6%, Sage Group -8.2%, Intu Properties +4.2%, Micro Focus +3.2%.







About the Author

ClaytonDuffFVP,Senior International Trader

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. He earned his bachelor’s degree from the University of Texas Arlington. Clayton maintains Series 3,...

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