Germany / Austria
ECB: Monthly Bulletin, 10 a.m. CET.
ECB: keynote address on "Stabilising the Sovereign Bond Market - The Role of the ECB" by Jörg Asmussen at the Institute of International and European Affairs in Dublin, 12 p.m. local time / 1 p.m. CET.
ECB: Speech by Peter Praet on "Deleveraging, rebalancing and institutional reforms in the euro area" at 21st Annual Hyman P. Minsky Conference on the State of the US and World Economies "Debt, Deficits and Financial Instability" organised by Levy Economics Institute of Bard College in New York, 9 a.m. local time / 3 p.m. CET.
Gerresheimer: 1Q results expected.
Chemicals: Fuchs Petrolub (pref) (+2.62% to E41) reached a new 3-month relative high against the Dax.
Insurance: MunichRe (+1.6% to E110.9) and Hannover Re (+1.03% to E43.56) reached a new 3-month relative high against the Dax.
Retail: Metro (-0.13% to E26.28) closed at a 3-month relative low against the Dax.
Technology: Wincor Nixdorf (-0.72% to E33.96) closed at a 3-month relative low against the Dax.
Carrefour posted 1Q sales up 1.5% YoY (including petrol and at current exchange rates) to E22.5B (+0.9% like-for-like). Chairman & CEO Lars Olofsson commented: "Carrefour registered slightly higher reported sales in the first quarter, supported by continued growth in emerging markets. In France, our sales performance reflects the new commercial mix that we are implementing to regain consistent price competitiveness. (...) The trends we observed this quarter and the persistently difficult trading environment confirm our determination to pursue the execution of our Reset plan in France, focus on cash and cost efficiency, further extend our Carrefour-branded product offer and continue expanding in emerging markets."
Areva announced its unit Areva Solar has won a contract from India's Reliance Power Ltd to build a 250 MW concentrated solar power installation, to be the largest in Asia, in the country's Rajasthan state.
Technip said it has won an appx. E245M subsea contract from Chevron Australia Pty Ltd for the Wheatstone Project, "one of Australia's largest resource projects".
Legrand said it has successfully sold a E400M ten-year bond.
Gecina said it has acquired a portfolio of 6 nursing homes across the Paris Region from MAPI Invest, a JV between the WP Carey and CPA 15 funds, adding: "These 6 assets are valued at E70.5M excluding duties, based on E4.6M in annualized rental income, giving a net yield rate of almost 6.2% for this portfolio."
NextRadioTV posted 1Q total operating revenue up 18.0% YoY to E41M.
Eurosic posted 1Q revenue up 45.9% YoY (+15.5% like-for-like) to E28M. The Co said it will proposed a payout of E1.90 per share in cash, up 5% YoY, and confirmed its guidance for current cash flow per share growth of over +10% for 2012.
L'Oreal Stallergenes: 1Q sales expected.
Fleury Michon: FY results and 1Q sales expected.
Automobiles & Parts: Michelin (+1.21% to E53.68) closed at a 3-month relative high against the Cac 40.
Industrial Goods & Services: ADP (+2.3% to E61.82), Thales (+1.68% to E26.7), Zodiac Aerospace (+1.28% to E77.48), EADS (+1.04% to E30.04) and Bureau Veritas (+1.01% to E66.14) closed at a 3-month relative high against the Cac 40.
Insurance: Scor (+1.73% to E19.75) reached a new 3-month relative high against the Cac 40.
Media: Publicis (+1.61% to E40.42), Teleperformance (+1.22% to E20.79) and JC Decaux (+1.08% to E22.38) reached a new 3-month relative high against the Cac 40.
Personal & Household Goods: Christian Dior (+2.87% to E114.8), LVMH (+1.19% to E127.2) and L'Oréal (+0.78% to E90.42) closed at a 3-month relative high against the Cac 40.
Real Estate: ICADE (+2.31% to E64.35) and Klepierre (+1.83% to E25.6) reached a new 3-month relative high against the Cac 40.
Retail: PPR (+1.56% to E126.75) and Casino (+1.04% to E70.97) closed at a 3-month relative high against the Cac 40.
Technology: AtoS (+3.05% to E42.29) closed at a 3-month relative high against the Cac 40.
Spain / Portugal / Greece
Industrial Goods & Services: Amadeus IT (+2.23% to E14) closed at a 3-month relative high against the Ibex.
Insurance: Corporacion Mapfre (+2.77% to E2.37) closed at a 3-month relative high against the Ibex.