Symbol: SDR.GB

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European markets had another weak session as most of the major indices continue to test support at their
    respective 21-DMA.We recommend investors add risk coming out of proper bases and book profits in extended
    names.
  • The Stoxx 600 continues to test support along the 455–457 price level. The index has repeatedly found resistance along its declining 10-DMA. Among sectors, Utilities and Basic Resources were down more than 2% while Banks lost more than 1.5%. Automobile stocks gained about 1%.
  • Among other major indices, France’s CAC and the U.K.’s FTSE 100 are testing support at their respective 21-DMA. Germany’s DAX is facing resistance at its 21-DMA. The next major support for the index is at the 15,200 level.
  • Among the 17 indices that we track in Europe, Denmark, Norway, Ireland, Luxembourg, and the U.K. closed in
    positive territory. Spain recorded its fifth distribution day.
  • Actionable names in the focus list include Burckhardt Compression Holding (BCHN.CH; BCHN:SW),
    Edenred (EDEN.FR; EDEN:FP), Fortnox Ab (FORT.SE; FNOX:SS), Relx (REL.GB; REL:LN), Sika (SIKA.CH;
    SIKA:SW), Swedish Orphan Biovitrum (SOBI.SE; SOBI:SS), and Nibe Industries (NIBE.SE; NIBEB:SS).

Won Europe Today

Posted on by Deepashree MC

Yesterday,

  • European equities declined after four days of gains. After gaining for the last four sessions, majors are at or near
    their 50- and 100-DMA, which could act as the near-term supply zones.
  • We recommend a cautious approach to adding risk and a high cash position. But, if one must commit capital,
    remain defensive with a focus on high relative strength ideas that are part of leading and/or improving industry
    groups.
  • The Stoxx 600 ended its longest gain streak since mid-August and closed 0.5% lower on below average volume. It
    currently sits 20% off highs. The index is finding supply at ~402 level (earlier support turned resistance) and is
    holding above its 21-DMA. Next support is at the ~380 level (4.4% below). Next area of resistance is at its 50-DMA
    (3.7%), followed by its 100- (5%) and 200-DMA (8.9%). Technology outperformed, while Real Estate and Energy
    underperformed.
  • Among major indices, France’s CAC and Germany’s DAX have retaken their 21-DMA while finding supply at their
    50-DMA. The U.K.’s FTSE is trading below all its key moving averages.
  • Among the 17 indices we cover, most closed in the red. Denmark led the decline, down 1.45%. Fifteen indices are
    in a Rally Attempt and the remaining two are in a Confirmed Uptrend.
  • Actionable names in the Focus List include Bank of Ireland Group (BIRG.IE; BIRG:ID), Genmab (GEN.DK;
    GMAB:DC), Terna Energy (TEN.GR; TENERGY:GA), Jyske Bank (JYS.DK; JYSK:DC), and Ipsos (IPS.FR; IPS:FP).

Won Europe Today

Posted on by admin

We released our European Weekly Summary yesterday, click here to access the report. Key points from it include:

  • The iShares Stoxx 600 closed up 55bps last week, gaining for the third consecutive week. It remains in an Uptrend
    Under Pressure with three distribution days. The index is still forming the right side of a 50-day flat base, trading 1%
    off its all-time high at 47.37. Should the index breach this level, its status would be back to a Confirmed Uptrend
  • Of the 17 indices we cover, five are in a Confirmed Uptrend, one in a Rally Attempt, and 11 in an Uptrend Under
    Pressure. The Netherlands and Italy were moved back to a Confirmed Uptrend after the indices reclaimed their
    prior rally highs. The average distribution day count stands at 3.93.
  • The majority of sectors closed in the green, with Utility and Health Care leading the gains. From our rotation chart,
    short-term momentum (over four weeks) continued to rise among Financial and Energy sectors.
  • We did not make any changes to our Focus List last week. Actionable names in the Focus List include Intesa
    Sanpaolo (ISP.IT; ISP:IM), Rentokil Initial (RTO.GB; RTO:LN), Euronext (ENX.FR; ENX:FP), Hermes (RMS.FR;
    RMS:FP), and Keywords Studios (KWS.GB; KWS:LN).
  • Refer to page 3 and 4 for our European watch list.

Won Europe Today

Posted on by admin

Yesterday,

  • European markets closed flat on higher volume. With many leading stocks breaking down below their key support levels, it
    might be the end of this countertrend rally and resumption of a downtrend. We advise investors to book profits in extended
    names.
  • The Stoxx 600 closed flat, managing to hold on to its 21‐DMA. Among sectors, Autos, Banks, and Travel & Leisure stocks
    gained more than 2%, while Utilities lost more than 2.5%.
  • Among other major indices, France’s CAC continues to trade above its 21‐DMA, finding resistance at January 2020 lows.
    Germany’s DAX is testing support at its 21‐DMA, while the U.K.’s FTSE reclaimed its 50‐DMA on higher volume.
  • Among the 17 indices that we track, Denmark, Finland, Norway, Switzerland, Italy, Portugal, Spain, and Luxembourg closed
    in negative territory, while five recorded distribution days.
  • Actionable names in the Focus List include Teleperformance (ROFR.FR; TEP:FP), Straumann Holding (STMN.CH; STMN:SW),
    Schneider Electric (QT@F.FR; SU:FP), and B&M European Value Retail (BME.GB; BME:LN).

Won Europe Today

Posted on by admin

Yesterday,

  • European markets were flat, with lower volume across all markets. Seven out of the 17 indices ended in negative territory.
  • The Stoxx 600 slipped 0.1%, with losses led by Health Care stocks. The index will be upgraded to a Confirmed Uptrend after a follow‐through day.
  • Germany’s DAX ended slightly higher, while the U.K.’s FTSE underperformed, declining 0.60%. France’s CAC decreased 0.12% and continues to be in a Rally Attempt awaiting a follow‐through day. Market status remained unchanged for all the indices.
  • Actionable names in the Focus List include Straumann Holdings (STMN.CH;STMN:SW), Ashtead Group (AHT.GB;AHT:LN), Experian (EXPN.GB;EXPN:LN), Swedish Match (SWMA.SE;SWMA.SS), B&M (BME.GB; BME:LN), Softwareone Holding (SWON.CH; SWON: SW), Spirax‐Sarco (SPX.GB; SPX:LN), and Halma (HLMA.GB; HLMA:LN ), Indutrade (INDT.SE; INDT:SS), London Stock Exchange Group (LSE.GB: LSE:LN), Novo Nordisk ‘B’ (NON.DK; NOVOB:DC), Lonza Group (LONN.CH; LONN:SW), and Trigano (TRI.FR; TRI:FP)

Won Europe Today

Posted on by admin

We also released our weekly Global Laggards report yesterday (please click here to access the report). The stocks highlighted in
this report are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be
vulnerable to further downside risk and underperformance. European names highlighted this week include Skf (SKFB.SE;
SKFB:SS), Erste Group Bank (ERS.AT; ERS:AT), H Lundbeck (LUN.DK; LUN:DC), Trelleborg (TT@G.SE; TRELB:SS), and Cancom
(COKX.DE; COK:GR).

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

Yesterday,

  • European markets closed in the green following reports that the U.S. and China are closing in on phase one of a trade deal before December 15, despite recent hiccups. Apart from this, impeachment proceedings and NATO summit also continued to influence investors.
  • The Stoxx 600 was up 1.18%, though on low volume. All the sectors ended in positive territory, with Banks, Basic Resources, and Financial Services leading the gains. Banks climbed more than 1.8%.
  • Among other major indices, France’s CAC and Germany’s DAX were up more than 1% each on high and low volume, respectively.
  • In the currency market, the pound sterling rose to a 7-month high against the euro, breaking above the 1.18 level as the probability of a conservative majority improved. Appreciation of the pound stalled the U.K.’s export-sensitive FTSE’s gain at  0.36%.
  • All of the 17 indices that we track, closed in positive territory. Overall, eight indices including the Stoxx 600, Germany, and the U.K., are in a Confirmed Uptrend.

Won Europe Today

Posted on by Veera Manju

We released our European Weekly summary yesterday (please click here to access the report)

Key points

  • The Stoxx 600 is in an Uptrend Under Pressure, with six distribution days. The distribution day cluster has been the main concern since the index was moved to an Uptrend Under Pressure on July 18. The index breached its 21-DMA on heavy volume on July 30. The 50-DMA is the next key support. Should the pullback persist, the next support would be June’s low near the 200-DMA.

  • As weakness in the market has increased, short-term momentum of defensive sectors, namely Staples, Health Care, and Technology, has improved over the past four weeks. On the other hand, Capital Goods’ short-term momentum has continued to deteriorate.

  • Among focus list stocks Leonardo (LDO.IT; LDO:IM), Safran (SGM.FR; SAF:FP), Airbus (AIRS.FR; AIR:FP), Edenred (EDEN.FR; EDEN:FP), Puma (PUMX.DE; PUM:GR), Richemont (CFR.CH; CFR:SW), Kerry Group (KRZ.IE; KYG:ID), Elekta (ELKB.SE; EKTAB:SS), Lonza (LONN.CH; LONN:SW),  Cellnex Telecom (CLNX.ES; CLNX:SM), Dsv (DSV.DK; DSV:DC), and Neoen (NEOP.FR; NEOEN:FP) are actionable.

WON Europe Today

Posted on by Veera Manju

Yesterday, most markets were closed. The U.K.’s FTSE 100 was down 0.44% on lower volume as investors were waiting for the U.S. Federal Reserve’s latest monetary policy decision.

  • The Stoxx 600 was closed yesterday.
  • Sectors that gained the most include Financial Services and Travel & Leisure.