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: email@example.com
OPENING SNAPSHOT: BANKS DRIVE EUROPEAN SHARES LOWER (0822 GMT)
European shares have opened lower this morning with banks being the biggest drag following a
across the sector, as investors digested a flurry of other corporate updates.
UBS was down more than 4 percent after it reported fourth-quarter pretax profit below
expectations and said tepid investor mood would continue dampening first-quarter results. Other
Top faller on the STOXX was IG Group, down 8.8 percent as stricter regulation contributed to
a 17-percent slump in first-half profits, while some well-received updates from the likes of
The STOXX was down around 0.3 percent, while other regional benchmarks were also posting
ON THE RADAR: UBS, HUGO BOSS, LOGITECH AND SO MUCH MORE! (0750 GMT)
Same gloom, day 2.
Global growth pessimism is the dominant narrative at the moment but that doesn't mean
there's any kind of shortage of corporate news to animate the session:
Today’s big earnings, UBS, is seen as a disappointment and is expected to open down at least
sector, IG Group profits are hit by regulatory clampdown which would also weigh on competitors.
The drone saga at Gatwick has a price tag on it for easyJet but pre-market indication don’t
point to a fall.
$3.8 billion, according to WSJ. The packaging firm's shares are seen jumping as much as 10
percent at the open.
In executive moves: Kier and Jupiter CEO Will Stand Down Immediately
Here's some key headlines:
Hugo Boss sales accelerate in key Christmas quarter
Logitech raises FY outlook after gaming-powered third quarter
Ricardo Plc Says HY Rev Slightly Ahead Of Prior Period
Drone disruption at Gatwick hits easyJet operations and costs
Swiss testing firm SGS reports 2018 profit rises 3.5 pct
Kier Says CEO Will Stand Down Immediately
Jupiter CEO Slendebroek to step down, Andrew Formica appointed
Dixons Carphone's Christmas sales rise 1 pct
IG Group profit hit by regulatory clampdown
French company Bonduelle in talks to buy U.S. plant from Seneca Foods
UBS posts $862 mln Q4 pre-tax earnings, missing expectations
China's thirst for cognac helps Remy Q3 sales beat forecasts
(Julien Ponthus and Josephine Mason)
FUTURES POINT TO ANOTHER RISK-OFF SESSION IN EUROPE (0721 GMT)
Seems Davos 2019 probably won't be a vintage remembered for its irrational exuberance with
the IMF cutting its forecast a day before the official start of the event.
Anyhow, as the rich and the powerful gather in the Swiss Alps, European futures are falling
between 0.3 percent and 0.5 percent.
As a bonus, Davos delegates in a graphic: https://tmsnrt.rs/2HgY4lx
NO REBOUND FOR EUROPEAN STOCKS AS GROWTH WORRIES WEIGH (0628 GMT)
the same growth worries which broke a streak of four positive session session yesterday hit
global market again.
Financial spreadbetters expect London's FTSE to open 22 points lower, Frankfurt's DAX to
lose 40 points lower and Paris' CAC to go down 16 points lower.
Pessimism for risky assets has been felt earlier on Asian shares and is still hitting U.S.
futures and oil prices.