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05.24.2019 16 new International Summary posts under Morning Note (10) and International Summary (6)

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International Summary

"CAPIS EU Close – 4/18/2019"

posted by Clayton Duff on 04/18/2019 at 12:42 pm

by Clayton Duff

04/18/2019 at 12:42 pm

European indices closed mixed on the session with several markets closing early or not even opening today.  On the week the UK FTSE 100 closed up 57bps with France up 1.73% and Germany up 2.41%.  Most sectors finished higher, led by Autos and Tech names.  Healthcare again moved off.  Volume in Europe was off 11%.

The Media space was supported by Mediaset +3.6%, with their board preventing Vivendi from participating in their AGM.

Engineering firm Arcadis rallied 10% on solid 1Q results. One broker sees margin improvement ahead despite tough sledding in Asia, Latin America, and the Middle East.

Other names seeing earnings include Unilever +3%, Nestle +.8%, and Pernod Ricard -1%.

On concerns Bain Capital and Carlyle may not complete their takeover of the firm, Osram Licht fell 5.5%.  Both investors are expressing concerning post weaker earnings at the firm.

Cigarette firms turned lower post headlines that Senator Mitch McConnell seeks to raise the tobacco age in the US to 21 from the current 18. The move would include vaping devices.   Imperial Brands fell .8% with BATS off 1.4%. 

***Note that only mainland China, Japan, South Korea, Taiwan, Thailand, and Turkey are open Friday.*** Monday, Canada and Mexico are open along with Japan, Korea, Singapore, and Thailand.

Tonight, Japan releases CPI data with Korea out with producer prices.

 

 

 

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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