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

International Summary

News Trading Desk

International Summary

"CAPIS EU Close – 3/25/2019"

posted by Clayton Duff on 03/25/2019 at 12:48 pm

by Clayton Duff

03/25/2019 at 12:48 pm

After gapping lower European indices worked a bit higher, staying in a fairly tight range the balance of the session.  Losses were slight with sector moves a bit more pronounced. Media slipped nearly 1.5% with Financials and Tech names down 80bps.  Only the Chemical sector logged a gains, up a tepid 8bps. On the Brexit front PM May still does not have enough support in parliament to pass her deal thus a third vote at this point is on hold.

Bayer fell 2.9% after they and JNJ settled a $775M suit associated with internal bleeding for some users of their blood-thinner Xarelto. The drug is their top seller, racking up over $4B in sales last year.

Airbus -.5% moved a bit closer to flat on headlines they have secured a long-awaited deal with China. On the Boeing 737 Max issues Airbus was pressing to win the deal with China’s President in France.   Post the close an announcement to buy 290 A320 planes along with 10 A350S jets was reported with a value of $35B.

South Africa’s Naspers -1.6% said they will spin off its internet unit and list it in the Netherlands.  Most of the unit’s value though is reflected in its 31% stake in Tencent Holdings.

From earlier: Fiat +2%, Peugeot -2.9%, Inmarsat +10%.

After the close of trading tonight in Hong Kong trade data will be released.  French confidence data is expected as well.


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.