Symbol: PMO.GB

Won Europe Today

Posted on by admin

Yesterday,

  • European markets dropped as new restrictions were imposed due to a surge in COVID‐19 cases. The U.K., Finland, Norway, and Austria were the only markets to end in the green. Four out of 17 markets that we cover continue to remain in a Confirmed Uptrend, while others are in an Uptrend Under Pressure.
  • The Stoxx 600 lost 0.84% on higher volume, recording a distribution day. Almost all sectors were in negative territory, with Technology and Travel & Leisure stocks declining more than 2.6%. Bank stocks cut their losses as JP Morgan posted a lower‐ than‐expected loss.
  • Among the other major bourses, the U.K.’s FTSE gained 0.06% as oil stocks rose on account of rising crude prices. France’s CAC and Germany’s DAX lost 0.96% and 0.80%, respectively.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets recovered early losses to end in the green on hopes of a COVID‐19 vaccine that is being developed by German biotech firm BioNtech and the U.S. pharmaceutical giant Pfizer. Of the 17 indices we cover, seven closed in negative territory. Denmark, Switzerland, and the Netherlands are the only markets to be in a Confirmed Uptrend, while others are in an Uptrend Under Pressure.
  • The Stoxx 600 gained 0.24% on lower volume, with Travel & Leisure and Oil & Gas stocks rising 1.84% and 1.18%, respectively, while Banks and Auto stocks ended in the red. It continues to find resistance along its rising 21‐DMA.
  • Among the other major bourses, France’s CAC and Germany’s DAX lost 0.18% and 0.49%, respectively. The U.K.’s FTSE also declined 0.15% on lower volume after the British Chambers of Commerce announced the worst deterioration in economic conditions during the second quarter due to COVID‐19.
  • Actionable names in the Focus List include Spirax‐Sarco (SPX.GB;SPX:LN); IMCD Group (IMCD.NL;IMCD:NA); Tomra System (TOM.NO;TOM:NO); Simcorp (SIM.DK;SIM:DC); Givaudan (GIVN.CH; GIVN:SW); Indutrade (INDT.SE;INDT:SS); Teleperformance (ROFR.FR;TEP:FP); Ashtead Group (AHT.GB; AHT:LN); London Exchange Group (LSE.GB; LSE:LN); Lonza Group (LONN.CH; LONN:SW); and Halma (HLMA.GB; HLMA:LN).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets gained amidst assurances and a rate cut from central banks across the world. Of the 17 indices we
    cover in the region, Austria and Norway were the only ones to move in a negative direction.
  • The Stoxx 600 closed 1.36% higher, with Utilities gaining 4%. Telcom and Health Care rose more than 2.4% each.
  • Among other major bourses, the U.K.’s FTSE 100 gained 1.41%, France’s CAC 40 was up 1.33%, while Germany’s DAX was
    up 1.19%.
  • We upgraded 12 of the 17 indices to a Rally Attempt from a Downtrend after they stayed above the previous lows for the
    third consecutive day.
    Only Germany, Ireland, Austria, Italy, and Luxemburg remain in a Downtrend now.

Won Europe Today

Posted on by admin

Key points:

  • The Stoxx 600 is still in a Confirmed Uptrend but is now testing its 21‐DMA as geopolitical tension rises.
  • Apart from the obvious beneficiary Energy and the affected Transportation sectors on the geopolitical tensions, our
    sector rotation chart suggests increasing momentum among defensive stocks.
  • Actionable ideas on the Focus List include: Airbus (AIRS.FR; AIR:FP), Basic Fit (BFIT.NL; BFIT:NA), Boohoo Group(BOO.GB;
    BOO:LN), Dassault Systems (DSY.FR; DSY:FP), Homeserve (HSV.GB; HSV:LN), JD Sports Fashion (JD.GB; JD/LN), Siemens
    Healthcare (SHLX.DE; SHL:GR), and Stadler Rail (SRAIL.CH; SRAIL:SW).

Won Europe Today

Posted on by Veera Manju

Yesterday,

  • European markets closed higher with the exception of Luxembourg. The Stoxx 600 was up 1.21% with all sectors in the green – Technology, Autos, and Industrials led the gains.
  • Autos sector was also boosted by the jump in Renault (RENU.FR; RNO:FP) and Fiat Chrysler (FCA.IT; FCA:IM) shares after an Italian newspaper suggested that merger talks were back on the table.
  • Germany’s DAX rose 1.30%, France’s CAC 40 gained 1.70%, and the U.K.’s FTSE 100 increased 1.11%, all on lower volume.
  • We upgraded Ireland and Austria to a Confirmed Uptrend after a follow-through day in those markets.

WON Europe Today

Posted on by Veera Manju

Yesterday,

  • Most European markets closed in the red after the OECD further revised down its global growth outlook and data showed the U.S. trade deficit reached a decade high.
  • The pan-European Stoxx 600 closed 0.04% lower. While Basic Resources and Oil & Gas advanced well, the Auto sector lost almost a percentage and dragged the index down.
  • Among major bourses, the U.K.’s FTSE 100 advanced 0.17%, while Germany’s DAX and France’s CAC 40 lost 0.28% and 0.16%, respectively.
  • Germany, Sweden, and Belgium had a distribution day. The only countries to close in the green were the U.K., Norway, Italy, Portugal, and Spain.
  • All 17 indices that we cover continue to be in a Confirmed Uptrend, amid increasing distribution days.

WON Europe Today

Posted on by Anuj Kumar Chouhan

On Wednesday, all European indices barring Spain closed higher. A majority had a second consecutive positive trading session, aided by positive sentiment among investors with respect to the U.S.-China trade talks.

The Stoxx 600 was up 0.53%. France’s CAC 40, Germany’s DAX, and the U.K.’s FTSE 100 rose 0.84%, 0.83%, and 0.66%, respectively. All the indices are trading slightly below the 50-DMA, and have failed to cross that level for more than three months.

European Weekly Summary

Posted on by Tristan d'Aboville

Key points:
Europe: no end in sight: The chance of seeing the Ishares Dj Stoxx 600 breach its Monday Dec 10 low is very high. Such action would send the index back in a Downtrend.

Cash is king – Real Estate remains the best relative out performer. Top defensive plays: Around town ( AT1X.DE ) and Catena ( CATE.SE ).

Still relatively bullish on Nordic fish farmers. In the long run, low supply coupled with strong demand from emerging countries will continue supporting the price of Atlantic salmon. Buy Marine Harvest( MHG.NO )

European Weekly Summary

Posted on by Tristan d'Aboville

Key Points

The Stoxx 600 regained some positive momentum this week since it bottomed on September 7, regaining its 50- and 200-DMA for the first time since it undercut these levels in August. We do not, however, recommend jumping into this trend until further confirmation comes in place in the form of a follow-through day, and would be selective when building new positions.

Most markets were moved back to a Rally Attempt this week and the U.K. was moved to a Confirmed Uptrend after the FTSE 100 recorded a follow-through day on September 24, aided by the strong performance of the Basic Material and Energy sectors (27% of the index).

 The number of stocks breaking out remains at a historically low level (see page 4) but has started to rise this week in tandem with our number of recommendations. We added four names to our Focus List in the past five days: Grieg Seafood (GSF.NO ), Technogym ( Ex-EFL, TGYM.IT ), Komax ( Ex-EFL, KOMN.CH ), and Aker BP ( AKEP.NO ).

Our Focus List continues to be a source of outperformance, up 8.76% versus -0.98% for the iShares DJ Stoxx 600. The number of actionable ideas has been increasing this week. On top of the new additions, we recommend building positions in Thales ( CSF.FR ), Amplifon ( AMP.IT ), and Worldline ( WLN.FR ). We are reviewing these stocks and their respective Datagraphs in this report.