09.30.2022 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

International Summary

News Trading Desk

International Summary

"CAPIS EU Close- March 15th"

posted by Clayton Duff on 03/15/2019 at 12:57 pm

by Clayton Duff

03/15/2019 at 12:57 pm

Post the sharp move higher just before lunch prompted by Germany’s Seibert in relation to reviewing any Brexit delay request from the UK, indices trailed off from there. Indices though still retained gains on the day with some decent returns seen.  On the week the FTSE 100 finished up 1.75% with the DAXI up 1.99% and the CAC up 3.33%.  Today, all sectors expect Basic Resources, Media, and Energy were up with solid gains seen in several sectors.  Tech names led with strength in chipmakers, specifically in France.  Telcos, Insurers, and Financials joined Personal Goods and Construction in gains of over a percent.  The auto industry hung in well with new car registrations seeing a contraction in weakness in February vs January’s 4.6% drop.

In the face of the US’ push to get manufacturing back into the States, STMicroelectronics +5% rallied today post yesterday’s plan announcement by France.  The country is looking to incentivize chipmakers and their suppliers to locate factories in France with a €1B grant.  The French Ministry noted STM is among the recipients along with Soitec +2.6%.  The move is part of a bigger plan titled Nano 2022 that will see a total of €5B allocated to industrial investment and public works to support a new generation of electronic components.

To the downside H&M fell 5% despite solid 1Q sales.   However, the better sales were fueled by pricing cuts of merchandise worrying investors concerning earnings.  Favorable currency moves also contributed to the better sales number.

From earlier: BMW +.4%, VW +.1%, and UBS -1.1%.

Sunday night Japanese trade is out along with Industrial Production and Capacity Utilization.   The EU follows with its Trade Balance with the UK out with employment info.

Note that Monday Mexico is shut for trading.

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.


This communication is for informational purposes only and is solely intended for use by institutional investors. Use of this communication by others, including retail investors, is prohibited. No statement herein is to be construed as a recommendation to purchase or sell a security, or to provide investment advice. Certain products, including options and futures, may involve substantial risk and are not suitable for all investors. While the information and opinions presented in this material have been obtained or derived from sources believed by Capital Institutional Services, Inc. (CAPIS) to be reliable, CAPIS makes no representations concerning its accuracy or completeness, and accepts no liability for loss arising from the use of this material.