|Bid||154.35 x 0|
|Ask||157.55 x 0|
|Day's range||148.19 - 155.85|
|52-week range||109.40 - 155.85|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Deutsche Boerse on Monday said it posted a 52% rise in fourth-quarter net profit, as the German exchange operator met its financial targets for the year. Consolidated net profit was 213.2 million euros (177.52 million pounds), compared with 140 million euros in the year-earlier period, the company said. The result for the three months fell short of analysts expectations as lower equity market volatility hit revenue at the company's Eurex derivatives unit.
The rationale for a "London" proposal to shorten Europe's share trading day has yet to be made, pan-European exchange Euronext boss Stephane Boujnah said on Wednesday. Asset managers and banks have called for a year-long trial of a shorter trading day to improve liquidity, help attract more women into the sector with more family-friendly working hours, and improve the mental health of traders generally. The London Stock Exchange has already held a public consultation on shortening the trading day, but has said that backing from major bourses across Europe would be needed to cut hours.
Pan-European stock market operator Euronext is looking at "all parameters" of the Swiss exchange's offer for Spain's Bolsas y Mercados Espanoles (BME) but has yet to decide whether to launch a counter-bid, Euronext boss Stephane Boujnah said on Wednesday. Swiss exchange SIX made a friendly all-cash 2.84 billion euro ($3.09 billion) offer for Madrid bourse BME in November. Euronext said at the time it was also in talks with BME with a view to a potential bid, without saying how much it was prepared to bid.
Competition authorities may be better equipped than securities regulators to ensure that exchanges charge fair prices for data on stock prices, Europe's top asset managers and banks said on Tuesday. It marks a racheting up of pressure on European Union authorities to bring down the fees that asset managers and banks pay exchanges for data. EFAMA, which represents asset managers from across Europe, and EFSA, a forum for securities associations such as the Association for Financial Markets in Europe (AFME), said the market power of exchanges has increased significantly in recent years, especially since bourses were privatised.
The EEX European energy bourse in 2020 will pursue growth in Japanese and U.S. power as part of a push to offer producers risk hedging and international energy operators access to new markets, Chief Executive Peter Reitz said on Tuesday. The 20-year-old EEX, a subsidiary of Deutsche Boerse and continental Europe's leading electricity and natural gas exchange, has started acquiring rivals and offering clearing services across all time zones in recent years. The Japanese clearing service, which opens on May 18, will help power companies involved in wholesaling, generation and distribution with risk management while opening avenues for the EEX network of trading members, access providers, brokers and clearing banks.
Cross border supervision of major financial firms need to be worked out carefully to avoid ending up with "multiple pairs of hands on the steering wheel", Bank of England Deputy Governor Jon Cunliffe said on Tuesday. Britain left the EU last month and is seeking access to the bloc's financial market once a "business-as-usual" transition period ends in December. The London Stock Exchange's LCH unit clears the bulk of euro denominated swaps, but access to clients in the EU after December has yet to be worked out.
Pan-European stock exchange Euronext said on Wednesday it would launch a public consultation next month on whether to shorten the trading day. "In each of our six markets, we will not only consult our direct members, but also upstream buy side and retail associations and the operators of post trade processes, clearing and settlement," Euronext said in an emailed statement. Euronext is "very sensitive" to the arguments around work-life balance in the City and the need to have greater participation of women in the industry, the exchange said.
The European Union's markets watchdog has proposed stricter conditions on share trading off an exchange and on "dark pools", saying the bloc's securities rules have failed to reduce their influence. In a public consultation paper it also proposed making clear that EU investors could trade UK shares in London in a move to reduce the likelihood of Britain retaliating. The EU's MiFID II securities rules introduced in 2018 sought to push more share trading onto transparent exchanges to better protect investors, away from dark pools where users have some degree of anonymity.
Two leading financial industry bodies have called for a one-year trial of a shorter trading day for European stock exchanges to make markets more efficient, lift volumes, and attract more women to the sector. The Association for Financial Markets in Europe (AFME), a banking lobby, and the Investment Association (IA), which represent asset managers, said trading on the London Stock Exchange should be cut by 90 minutes, shrinking the trading day to seven hours. "AFME and the IA would also support a 12-month pilot across all major European exchanges and trading venues in order to test market structure benefits and impacts," the industry bodies said in a statement on Thursday.
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...
The London Stock Exchange published a consultation paper on Tuesday asking market participants if they wanted shorter trading hours to help improve staff diversity and the mental wellbeing of traders. The consultation paper sought feedback on five options: four covering shorter hours, and a fifth on making no changes to the trading day that currently starts at 0800 local time (0700 GMT in summer) and ends at 1630. It also proposes cutting the number of "auctions" during the trading day from five to three.
* Asia shares fall slightly as trade deadline looms 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. Markets barely batted an eyelid at the UK economic data today.
* Asia shares fall slightly as trade deadline looms 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. ... and fulfil these two wishes for investors, so that they could have a happy and high holiday season. The calmness does make some investors nervous.
Cboe Global Markets said on Tuesday it would take full control of EuroCCP, Europe's largest clearing house for stock trades, to bolster its post-Brexit base in Amsterdam and diversify into derivatives. It is the latest deal in a rapidly consolidating market where the Swiss Exchange has bid for its Madrid counterpart and the London Stock Exchange is buying financial market data company Refinitiv. Cboe, the biggest pan-European share trading platform, already owns 20% of EuroCCP.
The European Union's securities watchdog said on Thursday that stock exchanges should be forced to contribute prices to a pan-European feed for trades to make it easier for investors to compare prices on different platforms. Market users like asset managers and banks should also be forced to contribute to funding costs for the feed, or ticker tape, the European Securities and Markets Authority said.
The European Union's securities watchdog said on Thursday that stock exchanges should be forced to contribute prices to a pan-European ticker tape to unify fragmented markets. The European Securities and Markets Authority (ESMA) said that EU securities rules known as MiFID II have failed to cut the cost of stock market data for users like banks and asset managers. "Moreover, as no consolidated tape has materialised, ESMA recommends the establishment of a European Union (EU) wide real-time consolidated tape for equity instruments," ESMA said in a statement.
Euronext has agreed to buy a controlling stake in Nordic-focused power market firm Nord Pool, boosting the European stock market operator's presence in the region after its takeover of the Oslo stock exchange earlier this year. Euronext said on Thursday it would buy 66% of Nord Pool's share capital and voting rights.
France's top market regulator Robert Ophele has been appointed acting chair of the European Union's tougher system for deciding if foreign clearing houses can operate in the bloc, a sensitive issue for Britain after Brexit. Ophele is chair of France's markets watchdog AMF and will also from January be acting chair of the Paris-based European Securities and Markets Authority's (ESMA) new central counterparty supervisory committee. The London Stock Exchange's LCH unit clears the bulk of euro-denominated interest rate swaps, and Bank of France Governor Francois Villeroy de Galhau has said he wants to see the activity based in Paris, where LCH has a subsidiary.
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. EURONEXT: WHOSE FAT FINGER WAS THAT? Just a few minutes after the open, Euronext shares suddenly lost more than 8% and hit for a brief moment the bottom of the STOXX 600, which was already a crowded place with big losers such Royal Mail, Thyssenkrupp and Fiat Chrysler for instance.
* Wall Street retreats after new high 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. Wall Street briefly touched a high at the open but quickly retreated with headwinds from the consumer discretionary sector, bringing down the mood globally. The FTSE's overperformance hasn't been unnoticed: British blue chips ended the day up 0.2% while the euro zone's STOXXE fell by a similar amount.