LIVE MARKETS-European headlines: morning round-up
* Investors price in more Fed tightening after minutes
* European stocks futures fall
* Earnings season in full swing in Europe
Feb 22 (Reuters) - Welcome to the home for real-time coverage of European equity markets
brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on
Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net
EUROPEAN HEADLINES: MORNING ROUND-UP (0749 GMT)
Earnings season is in full swing and the flurry of publications today is offering precious
indications as to whether Q4 was indeed a strong vintage. Clues are expected on the health of
sectors which have suffered recently, such as telecoms, utilities or consumer staples but also
areas where optimism has risen yesterday, such as banks, thanks to Lloyds, and miners with
Glencore (Frankfurt: 8GC.F - news) .
Barclays (LSE: BARC.L - news) grows annual profit by 10 percent, restores dividend
ProSiebenSat.1 sells stake in digital business to General Atlantic
Henkel (LSE: 0IZ8.L - news) gives cautious outlook after beauty decline
Deutsche Telekom (IOB: 0MPH.IL - news) hikes dividend despite record investment
Nestle (Swiss: NESN.VX - news) in talks to end supermarket row as pricing pressures build
Spain's Telefonica (LSE: 826858.L - news) reports 23 pct rise in core profit in Q4
Insurer AXA's 2017 profit rises ahead of planned IPO of U.S. business
Novo Nordisk (LSE: 0QIU.L - news) gets nod from U.S. drug purchaser for new diabetes hope
Utility Veolia 2017 core earnings up 2 pct, says 2018 started strongly
BAE Systems (LSE: BA.L - news) posts 8 percent rise in annual earnings
Serco meets forecasts and reiterates outlook despite "bumpy road"
RSA posts above-forecast 663 mln stg op profit in 2017
Anglo reports 45 percent leap in earnings, cuts debt
British American sales, profit helped by Reynolds deal
KBC net profit ahead of consensus on Czech gains
French conglomerate Bouygues (LSE: 0HAN.L - news) ' 2017 profits beat expectations
Arkema (Paris: FR0010313833 - news) beats 2017 profit target on strong units growth
UCB full-year core profit beats expectations, cautious about 2018
Safran (LSE: 0IU8.L - news) sees quick rampup of Mexico composite fan blade plant
Italy competition watchdog extends broadband probe into Telecom Italia (Amsterdam: TI6.AS - news)
Pipe maker Vallourec (LSE: 0NR2.L - news) cautious after beating 2017 profit forecasts
Britain's Centrica (Frankfurt: A0DK6K - news) posts 17.4 pct fall in FY profit
BRIEF-ISS FY 2017 Net (LSE: 0LN0.L - news) results at DKK 2.42 Bln
EUROPE RESEARCH ROUNDUP-Aurubis (IOB: 0K7F.IL - news) , Dunelm Group (LSE: DNLM.L - news) , Fortum Oyj (LSE: 0HAH.L - news)
(Julien Ponthus, Tom Pfeiffer)
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EYES ON THE DATA (0740 GMT)
Nerves have cooled a little since the sell-off earlier this month, but investors will be
watching the flurry of economic data today for any sign that this is as good as it gets in terms
of economic momentum in Europe.
Yesterday's PMIs showed that, while business growth remains robust, it has slipped slightly
from January's peak.
"The data is in line with our expectations of European growth peaking in Q1, but the
still-elevated survey levels continue to support our above-consensus 2018 growth forecast and
our preference for European stocks on a three- to six-month horizon," analysts at Credit
Suisse's Wealth Management division said in a note.
From the chart below, you can see how the euro zone's Euro Stoxx Index has tracked
a rise in PMI readings, suggesting that an economic expansion has been filtering through into
optimism around the region's equities.
(Kit Rees)
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DOWN IT IS (0735 GMT)
Futures are confirming earlier financial spreadbetters indications: European bourses are set
to slump at the open and follow the downward trend from Wall Street and Asia. With (Other OTC: WWTH - news) so many
companies reporting results today, however, the old continent may find a trend of its own.
(Julien Ponthus)
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EARNINGS AND INDICATORS GALORE (0639 GMT)
For those who may be experiencing U.S. rates and inflation fears fatigue, there will be
plenty of indicators and corporate news to animate the session in Europe today.
We're expecting, among other business climate for Germany, France and Belgium, CPI data from
France and Italy and industrial orders from Switzerland and Italy.
In terms of earnings, the season is in full swing as you can see below in this
non-exhaustive but still very long list below:
Aeroports de Paris SA FY 2017 Earnings Release
Anglo American PLC Earnings Release
Arkema SA FY 2017 Earnings Release
AXA SA FY 2017 Earnings Release
BAE Sys FY 2017 Earnings Release
Barclays PLC FY 2017 Earnings Release
Bouygues SA FY 2017 Earnings Release
British American Tobacco PLC FY 2017 Earnings Release
Centrica PLC Preliminary 2017 Earnings Release
CNP Assurances SA FY 2017 Earnings Release
Saint Gobain SA FY 2017 Earnings Release
Constellium NV Q4 2017 Earnings Call
Deutsche Telekom AG Q4 2017 Earnings Release
DIA FY 2017 Earnings Release
Fnac Darty SA FY 2017 Earnings Call
Gecina SA FY 2017 Earnings Call
Henkel AG & Co KgaA FY 2017 Earnings Release
Ingenico Group SA FY 2017 Earnings Call
KBC Groep NV Q4 2017 Earnings Release
Nyrstar NV FY 2017 Earnings Release
Prosiebensat 1 Media SE FY 2017 Earnings Release
Scor SE FY 2017 Earnings Release
Serco Group PLC FY 2017 Earnings Call
TBC Bank Group PLC HY 2018 Earnings Call
Technip Earnings Call
Telefonica FY 2017 Earnings Release
UCB Q4 2017 Earnings Release
Valeo SA FY 2017 Earnings Call
Veolia Environnement SA FY 2017 Earnings Release
(Julien Ponthus)
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MORNING CALL: EUROPEAN BOURSES SET TO RETREAT (0615 GMT)
Good morning and welcome to Live Markets.
European bourses seem set to follow Wall Street and their Asian peers lower this morning as
speculation of faster hikes in U.S interest rates soured risk appetite globally.
Spreadbetters expect Germany's DAX to open 134 points lower, France's CAC 50 points lower
and Britain's FTSE 100 82 points lower.
(Julien Ponthus)
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(Reporting by Danilo Masoni, Helen Reid, Kit Rees and Julien Ponthus)