|Bid||19.88 x 427900|
|Ask||19.88 x 8100|
|Day's range||19.50 - 20.08|
|52-week range||13.42 - 21.61|
|Beta (3Y monthly)||1.03|
|PE ratio (TTM)||26.57|
|Earnings date||5 Feb 2020|
|Forward dividend & yield||0.27 (1.36%)|
|1y target est||23.20|
European shares bounced back from a four-day slump on Wednesday, lifted by a report that Beijing and Washington are moving closer to a trade deal. The STOXX 600 closed 1.2% up after Bloomberg reported that the two sides were closer to agreeing on the amount of tariffs that would be rolled back in a phase one trade deal. The report lifted the benchmark from a one-month low hit on Tuesday after U.S. President Donald Trump said a deal might have to wait until after the presidential election next November.
European shares clocked a sixth-straight week of gains on Friday following record highs on Wall Street after bullish comments from a White House official on U.S.-China trade talks. The pan-European STOXX 600 index rose 0.4%, close to four-year highs it hit last week, with most sectors ending in the black. White House economic adviser Larry Kudlow said late on Thursday Washington and Beijing were getting close to a trade agreement, citing what he called very constructive talks with Beijing about ending a 16-month trade war.
Infineon Technologies AG (ETR:IFX) came out with its annual results last week, and we wanted to see how the business...
* Iliad rallies on buyback news, earnings drive top movers 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. Spanish stocks have ceased trading in sync with their European peers and are now deep in the red, with the IBEX falling 0.8% while euro zone stocks are comfortably rising 0.4%. The agreement between Spain's Socialists and far-left Unidas Podemos party is therefore a surprise - and apparently not a good one for some investors.
* Iliad rallies on buyback news, earnings drive top movers 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. To the purpose, ING has had a thought about what a nightmare scenario would look like in the upcoming Dec. 12 election. "Well that could be a nightmare scenario for financial markets because it would raise urgent questions about whether that January Brexit deadline could be extended again," he says.
* Iliad rallies on buyback news, earnings drive top movers 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. Sure, a lot of things could go wrong while we move into 2020: a full blown trade war, a U.S. recession, a monetary policy mistake, you name it! Anyhow, it doesn't really matter how it happens but if "pressure on European politicians to boost fiscal policy" is successful, UBS analysts have identified stocks that might benefit from a German fiscal stimulus and climate change related investments.
* Iliad rallies on buyback news, earnings drive top movers 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. It seems like the session is gradually switching to "risk-on" as the ZEW survey showed about an hour ago that economic sentiment in Germany is much better than expected. As you can see below, both the DAX and Euro STOXX got a nice little boost as investors who are betting on Europe bottoming, see their case validated further.
Infineon Technologies slightly beat its profit guidance in the fourth quarter and said the semiconductor market showed signs of picking up in 2020, triggering a share rally for the German chipmaker. Shares in Munich-based Infineon, widely seen as relatively resilient to the industry's ups and downs, rallied 6% as Chief Executive Reinhard Ploss said the market was steadying and would pick up next spring. Infineon forecast revenue would grow by 5% in its fiscal year to Sept. 30, 2020, down from 6% in the year just ended.
* Iliad rallies on buyback news, earnings drive top movers 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. Cyclicals, here in old Europe, have had a comeback as the poor macro has bottomed out.
* Iliad rallies on buyback news, earnings drive top movers 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. Traders see the stock shooting up 20% at the open.
* Eyes on Trump speech for news on Sino-US trade talks 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.
Today we are going to look at Infineon Technologies AG (ETR:IFX) to see whether it might be an attractive investment...
European shares struggled to make headway on Wednesday as investor concerns about a further delay to Britain's departure from the EU offset gains for London's exporter-heavy FTSE 100 from a weaker pound and some decent corporate earnings. The pan-European STOXX 600 index closed just 0.1% higher, with technology stocks among the biggest drags after a sales warning from U.S. chipmaker Texas Instruments hit its European peers. Mining stocks jumped 1%, lifted by a smaller-than-expected drop in quarterly profit at aluminum producer Norsk Hydro.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Texas Instruments Inc. shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a sell off in semiconductor stocks.Investors have poured money into chip stocks this year, betting on a rebound in demand. That hasn’t happened as a U.S.-China trade war drags on, undermining economic growth. Texas Instruments, the first big semiconductor maker to report in this earnings cycle, has products in almost all markets that use electronic components, making its predictions a broad indicator.The company said most of its markets deteriorated in the quarter, with automotive and communications-equipment demand among the weakest. Companies are cutting back on orders as they wait for China and the U.S. to reach a definitive trade agreement, Chief Financial Officer Rafael Lizardi said.“Macro is weak because of trade tensions,” Lizardi added in an interview on Tuesday. “When that happens, companies pull back.”Texas Instruments shares dropped as much as 13% Wednesday. They were down 8.7% to $117.35 at 9:40 a.m. in New York. European peers also declined. STMicroelectronics NV and Infineon Technologies AG declined as much as 4.9% and 4.2% respectively before 11:30 a.m. in central Europe.Texas Instruments has more than 100,000 customers and a similar number of products, so a drop in orders signifies a weaker economy, not a loss of market share, the CFO also said.Fourth-quarter earnings will be 91 cents a share to $1.09 a share on revenue of $3.07 billion to $3.33 billion, the Dallas-based company said in a statement. On average, analysts predicted profit of $1.28 a share and sales of $3.59 billion, according to data compiled by Bloomberg. At the mid-point, Texas Instruments’ projections represents a 14% decline in revenue from a year earlier.The company had said sales declines this year were the result of torrid growth in 2018 when customers accumulated inventory they’re now working through. A normal pattern would result in five quarterly declines before the backlog is cleared. The quarterly results reported on Tuesday marked the fourth period of contraction, so Wall Street was looking for signs of improvement. That made the warning from Texas Instruments particularly disappointing.“It’s more concerning for the global growth outlook going forward,” said Logan Purk, an analyst at Edward D. Jones & Co. “It’s not good for the rest of the semiconductor space or markets in general.”The world’s sixth-largest chipmaker reported third-quarter net income fell to $1.43 billion, or $1.49 per share, from $1.57 billion, or $1.58 a share, in the same period a year earlier. Revenue dropped 11% to $3.77 billion. Analysts had estimated a profit of $1.42 a share on sales of $3.81 billion.The company gets the biggest portions of its revenue from the industrial and automotive markets where its chips provide key basic functionality such as power regulation and the translation of real-word experiences like sound and pressure into electronic signals. It’s a major supplier of parts for communications equipment such as mobile phone network base stations. Demand for that kind of chip dropped 20%, the company said.(Updates with share trading in fifth paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Jennifer RyanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
World stock markets struggled on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down technology shares. The pound was yanked down to $1.2850 from $1.30 after UK lawmakers put the brakes on the government's Brexit plans again on Tuesday. Meanwhile, Europe's tech sector fell as much as 1.4% as STMicroelectronics, Dialog Semiconductor and Infineon all dropped after Texas Instruments slumped 10% in after-hours Wall Street trading.
European shares ended a tumultuous week on a high note on Friday as data showing modest U.S. jobs growth lifted sentiment slightly, pushing a pan-region index to its best day in more than three weeks. A raft of weak economic data from the United States and Europe, and threats of a transatlantic trade war between the European Union and the U.S, had knocked European shares this week, shaving nearly 3% off the pan-European STOXX 600 index in its worst week in two months.
European shares rose on Friday as investors were hopeful of further monetary easing from the U.S. Federal Reserve in the wake of poor economic data, while chip stocks nudged higher after a report said Apple was increasing production of its new iPhone models. The pan-European STOXX 600 index rose 0.3% by 0713 GMT, led by a 1% jump in the technology index. Chipmakers were among the top gainers after a report said Apple Inc would increase its iPhone 11 production.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Stock futures indicate a higher open for Europe as investors back risky assets underpinned by hopes that there would be no further escalation in U.S.-China trade tensions. European markets are seen up 0.2% to 0.4% buoyed by strong gains in Wall Street and Asia, driven by the tech sector.
Reach them on Messenger to share your thoughts on market moves: email@example.com and firstname.lastname@example.org THROW AWAY YOUR WALLET: DIGITAL CURRENCY BY CEN BANKS SOON? "The central banks are probably going to have to make some move within the next two to three years, after all Facebook has put pressure by suggesting they could launch in the coming year. Earlier today, the Swiss National Bank's Governing Board Member Thomas Moser said he wouldn't be surprised to see a first central bank issue its own digital currency within the next year.
Reach them on Messenger to share your thoughts on market moves: email@example.com and firstname.lastname@example.org BEWARE THE RISE OF JUNK BONDS (1343 GMT) More European and U.S. companies are taking advantage of low interest rates to issue debt with junk ratings, raising concerns about the vulnerability of the market in the event of an economic downturn, according S&P Global Ratings Research. The proportion of speculative-grade issuers rated 'B-' in both the U.S. and Europe has risen markedly since 2017, hitting an all-time high of 20.5% in the second quarter in the United States, S&P said. With low interest rates, companies have rushed to take on more debt, predominantly in a handful of sectors.
The recent flash PMI numbers have only confirmed that Germany is very likely slipping into recession as it continues to get crushed between the trade war and Brexit hitting the manufacturing-heavy economy. "We think investors should use the September equity rebound and bond market sell-off as a chance to reduce some risk, until the economic and political concerns that confront growth-sensitive assets fade or valuations become more attractive," Barclays' Ajay Rajadhyaksha says.
World shares erased losses on Friday, buoyed by a wave of optimism that U.S.-China trade tensions might be easing as markets largely brushed off concerns about possible impeachment moves against U.S. President Donald Trump. Europe's STOXX 600 index fared better, adding 0.5% as London's bourse outperformed on a weaker pound and hopes grew of progress towards resolving the trade war. Wall Street futures also suggested a bright start for U.S. markets, gaining around 0.3%.