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 – 5/13/2019"

posted by Clayton Duff on 05/13/2019 at 12:55 pm

by Clayton Duff

05/13/2019 at 12:55 pm

It is all about retaliation today with headlines from China tanking indices.  Europe did though manage to close better than the current moves in the States.  Utilities saw a small gain with light losses in Energy in light of the tensions with Iran buoying oil prices (which have given back much of the day’s gains post the US open).  Leading lower, Autos fell 2.7% with Basic Resources, Telcos, and Industrials off 2% of more.  Unfortunately, volume on the Stoxx 600 was up 2%.

Tomorrow Vodafone -5.2% reports FY results with the Sunday times reporting they may materially reduce their dividend. The story notes the firm is looking to be active in the German and Italian spectrum auctions with the funds to be diverted to those events. Post the close headlines hit that they will offload their New Zealand business with Brookfield said to be in the mix.

Aerospace firm Leonardo fell 4.7% as another helicopter operator filed bankruptcy, this time with Bristow Group filing Chapter 11.

Air France -4% will pare nearly 500 positions in its short-haul space as low-cost airlines and trains force it to cut domestic routes.  The firm further saw a broker downgrade with higher fuel costs and new pay deals expected to weigh.

From earlier: ThyssenKrupp -9%, E.ON +.4%, Centrica +3%, EssilorLuxottica +.1%.

Korea will release import/export prices followed by Industrial production readings in the EU. UK jobs data will be out followed by Germany inflation and ZEW readings.

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.