Advertisement
UK markets close in 1 hour 27 minutes
  • FTSE 100

    8,042.04
    +18.17 (+0.23%)
     
  • FTSE 250

    19,709.99
    +110.60 (+0.56%)
     
  • AIM

    753.73
    +4.55 (+0.61%)
     
  • GBP/EUR

    1.1626
    +0.0037 (+0.32%)
     
  • GBP/USD

    1.2431
    +0.0081 (+0.66%)
     
  • Bitcoin GBP

    53,481.94
    +234.10 (+0.44%)
     
  • CMC Crypto 200

    1,430.76
    +16.00 (+1.13%)
     
  • S&P 500

    5,045.47
    +34.87 (+0.70%)
     
  • DOW

    38,393.16
    +153.18 (+0.40%)
     
  • CRUDE OIL

    81.79
    -0.11 (-0.13%)
     
  • GOLD FUTURES

    2,342.40
    -4.00 (-0.17%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     
  • DAX

    18,084.52
    +223.72 (+1.25%)
     
  • CAC 40

    8,089.90
    +49.54 (+0.62%)
     

LIVE MARKETS-What's on our radar

* European shares seen opening lower

* Asian shares dip, investors wait for clarity on Sino-US talks

* Eyes on travel sector after Thomas Cook collapses Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

WHAT'S ON OUR RADAR (0659 GMT)

European shares are expected to start the week on a softer footing amid fresh uncertainty over Sino-U.S. trade talks, with futures pointing to losses of around 0.2-0.3% for major euro-zone benchmarks while a weaker pound could help the FTSE outperform.

ADVERTISEMENT

On the corporate front, eyes on the travel sector after the world's oldest travel firm Thomas Cook collapsed, entering compulsory liquidation and leaving hundreds of thousands of travellers stranded. Thomas Cook shares have been suspended with immediate effect.

Two traders said travel operator TUI could benefit from the demise of its rival and sees TUI shares opening up 4%. Eyes also on airlines, which could be supported as Thomas Cook’s collapse is expected to remove overcapacity in the sector.

But package holiday provider On The Beach has warned of a one-time charge as it makes alternate arrangements for passengers affected by the shutdown. Other stocks linked to tourism such as Amadeus, Melia and NH HOTEL will also be on investors' radars.

Elmos Semiconductor is seen rising as much as 5% after it agreed to sell Silicon Micro, while German real estate company Vonovia could be hit after it agreed to buy Swedish Hembla from Blackstone. Still in dealmaking, Bloomberg reported that private equity firm Advent is in talks to join Bain in its takeover bid for Germany's Osram, a move that could further fuel the bidding war with AMS for the lighting group.

A profit warning from Deutz is seen sending shares in the engine maker down 5%. Marks & Spencer Group Plc is seen under pressure after its CFO stepped down after little more than a year. In the battered banking sector, Spanish banks could benefit after S&P’s upgraded the country's credit rating.

Other stock movers: Vivendi set to widen legal battle against Mediaset beyond Italy-sources; Utility EDF warned of a 24-hour strike starting Monday Sept. 23; Sports Direct makes cash offer for Goals Soccer Centres; Deutsche Bank, BNP reach transition agreement for global prime finance platform; Budget carrier XL Airways seeks rescue deal with Air France; UBS won't pass negative interest rates to small savers -COO;

(Danilo Masoni)

EUROPE SEEN STARTING WEEK DOWN SLIGHTLY (0530 GMT)

European shares are expected to start the week on a weaker footing following losses in Asia overnight and ahead of the latest flash PMI data for services and manufacturing.

Spreadbetters at IG expect London's FTSE to open 6 points lower at 7,339, Frankfurt's DAX to open 32 points lower at 12,437, and Paris' CAC to open 15 points lower at 5,676.

Most Asian share markets fell as investors waited for more clarity on the Sino-U.S. trade talks after recent negotiations.

(Danilo Masoni)

***** (Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)