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: firstname.lastname@example.org
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:
Still in Switzerland, SGS (LSE: 0QMI.L - news) is seen losing some ground as it reports Q4. In the financial 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.
In M&A, France's Bonduelle (LSE: 0N75.L - news) is in talks to buy U.S. plant from Seneca Foods and private equity firm Apollo is wooing RPC (NYSE: RES - news) with advanced talks for a potential takeover worth more than $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 (Julien Ponthus)
NO REBOUND FOR EUROPEAN STOCKS AS GROWTH WORRIES WEIGH (0628 GMT)
New (KOSDAQ: 160550.KQ - news) day, same gloom: European stocks are set to start the session in negative territory as 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.