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12.10.2018 19 new posts under International Summary (9), Morning Note (9), CAPIS Headlines (1)

International Summary

News Trading Desk

International Summary

"CAPIS European Markets 11/29/2018"

posted by Matthew Kiselica on 11/29/2018 at 12:54 pm

by Matthew Kiselica

11/29/2018 at 12:54 pm

The markets ended the day to the upside although the region did see mixed performance.  Spain and German have a small downtick as the utility sector weighed.  As a whole, utilities gave way by close to 1%.  Travel/leisure and retail off by c. 0.5%.  Basis resources are today’s winner with a gain slightly better than 1%.  Industrials and chemicals followed close behind.

The names we highlighted this morning last traded as follows: Deutsche Bk -3.4%,  Sixt +3.0%,  Hertz -6.6%, Greene King +5.5% and Shire +0.3%.

Other News in the Markets

  • Bayer -0.7% is a laggard among chemical names.  The company announced job cuts and provided assets sales updates but they failed to impress the markets.  This had been rumored yesterday.
  • Britvic +8.3% bubbled over. FY PTP is above the range.  The company also sees better prospects going forward and FCF increasing “materially.”
  • Unilever’s -0.5% next CEO will be Alan Jope, the current head of its beauty and personal care unit.  CEO Polman will step down at the end of the year.

On the Markets’ Agenda for Tonight

  • Reminder, the MSCI rebalance will occur on the close across the globe.  Expect to see elevated volumes to end the day.
  • The G-20 meeting commences in Buenos Aires.  While there are many items on the agenda, the focus will be what transpires with Pres. Trump and Prem. Xi.
  • Earnings due: Naspers, Tatneft and Rocket Internet.
  • Macro due:  Chinese PMI readings, Japanese housing & construction data, BoK rate decision, UK Nationwide Housing Data, German retail sales and EC CPI et. al.

Markets and Macro Due

Markets Snapshot

Event Survey Actual Prior Revised
SK Industrial Production SA MoM Oct 1.10% -2.50%
SK Industrial Production YoY Oct 6.90% -8.40%
SK Cyclical Leading Index Change Oct -0.2
JN Job-To-Applicant Ratio Oct 1.65 1.64
JN Jobless Rate Oct 2.30% 2.30%
JN Tokyo CPI YoY Nov 1.10% 1.50%
JN Tokyo CPI Ex-Fresh Food YoY Nov 1.00% 1.00%
JN Tokyo CPI Ex-Fresh Food, Energy YoY Nov 0.60% 0.60%
JN Industrial Production MoM Oct P 1.20% -0.40%
JN Industrial Production YoY Oct P 2.50% -2.50%
UK Lloyds Business Barometer Nov 19
AU Private Sector Credit MoM Oct 0.40% 0.40%
AU Private Sector Credit YoY Oct 4.60% 4.60%
CH Non-manufacturing PMI Nov 53.8 53.9
CH Manufacturing PMI Nov 50.2 50.2
CH Composite PMI Nov 53.1
JN Vehicle Production YoY Sep -0.30%
JN Consumer Confidence Index Nov 43.2 43
JN Housing Starts YoY Oct -0.10% -1.50%
JN Annualized Housing Starts Oct 0.941m 0.943m
JN Construction Orders YoY Oct 1.00%
SK BoK 7-Day Repo Rate 30-Nov 1.75% 1.50%
HK Budget Balance HKD Oct -9.3b
HK Money Supply M1 HKD YoY Oct -0.30%
HK Money Supply M2 HKD YoY Oct 4.20%
HK Money Supply M3 HKD YoY Oct 4.30%
UK Nationwide House PX MoM Nov 0.10% 0.00%
UK Nationwide House Px NSA YoY Nov 1.70% 1.60%
GE Retail Sales MoM Oct 0.40% 0.10%
GE Retail Sales YoY Oct 1.40% -2.60%
GE Import Price Index MoM Oct 0.40% 0.40%
GE Import Price Index YoY Oct 4.20% 4.40%
FR PPI MoM Oct 0.30%
FR PPI YoY Oct 3.60%
FR CPI EU Harmonized MoM Nov P -0.20% 0.10%
FR CPI EU Harmonized YoY Nov P 2.30% 2.50%
FR CPI MoM Nov P -0.20% 0.10%
FR CPI YoY Nov P 2.00% 2.20%
SP Total Mortgage Lending YoY Sep 10.30%
SP House Mortgage Approvals YoY Sep 6.80%
HK Retail Sales Value YoY Oct 3.60% 2.40%
HK Retail Sales Volume YoY Oct 2.80% 1.40%
IT Unemployment Rate Oct P 10.10% 10.10%
SP Current Account Balance Sep 1.8b
EC Unemployment Rate Oct 8.00% 8.10%
EC CPI Core YoY Nov A 1.10% 1.10%
EC CPI Estimate YoY Nov 2.00% 2.20%
IT CPI EU Harmonized MoM Nov P -0.20% 0.20%
IT CPI NIC incl. tobacco MoM Nov P -0.20% 0.00%
IT CPI NIC incl. tobacco YoY Nov P 1.60% 1.60%
IT CPI EU Harmonized YoY Nov P 1.60% 1.70%
IT GDP WDA QoQ 3Q F 0.00% 0.00%
IT GDP WDA YoY 3Q F 0.80% 0.80%
IN Fiscal Deficit INR Crore Oct 3441
IN Eight Infrastructure Industries Oct 4.30%
IN GDP YoY 3Q 7.50% 8.20%
IN GVA YoY 3Q 7.30% 8.00%
CA Quarterly GDP Annualized 3Q 2.00% 2.90%
CA Industrial Product Price MoM Oct -0.50% 0.10%
CA Raw Materials Price Index MoM Oct -5.30% -0.90%
CA GDP MoM Sep 0.10% 0.10%
CA GDP YoY Sep 2.30% 2.50%
US Chicago Purchasing Manager Nov 58.5 58.4

About the Author

MatthewKiselicaFVP,Manager of International Trading

Matthew Kiselica joined CAPIS in 2010 and has over twenty-five years of industry experience. Prior to CAPIS, he was vice president of Cazenove’s global sales trading desk in New York. Matthew is a board member for the National Psoriasis Foundation. He earned his bachelor’s degrees in fina...

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