European Markets
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.
France
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.
"Risk comes from not knowing what you are doing" --Warren Buffett--
FR 07:30: Mar CPI - EU Harmonised MoM, exp.: 0.7%
FR 07:30: Mar CPI MoM, exp.: 0.6%
FR 07:30: Mar CPI Ex Tobacco Idx, exp.: 124.38
FR 08:45: Feb Current Account (E)
EC 10:00: ECB April mthly report
UK 10:30: Feb Total Trade Balance GBP/Mn, exp.: -£20
"Risk comes from not knowing what you are doing" --Warren Buffett--
European Markets
Germany / Austria
ECB: Publication of the Long term interest rates statistics, Publication of the Euro area securities issues statistics, 10am CET
ECB: Speech by Jörg Asmussen at panel "The Challenge of De-Leveraging and Overhangs of Debt I: Inflation and Austerity" during a conference entitled "Paradigm Lost: Rethinking Economics and Politics" organised by the Institute for New Economic Thinking in Berlin, 8.55 a.m. CET.
Volkswagen said its units and JVs sold 633,800 vehicles in China (including Hong Kong and Macau) in 1Q, up 15.6% YoY.
Deutsche Bank, Barclays Plc and Credit Suisse Group are said to be preparing bids for $7.5B of real estate debt assumed by the Federal Reserve Bank of New York in 2008 reported Bloomberg.
Deutsche Telekom is entering the power business by offering household small power plants reported the FT Deutschland citing a Co spokesman.
Automobiles & Parts: Continental (+1.8% to E70.64) closed at a 3-month relative high against the Dax.
Chemicals: Fuchs Petrolub (pref) and Brenntag (+2.45% to E91.24) reached a new 3-month relative high against the Dax.
Industrial Goods & Services: Fraport (+4.2% to E49), MAN SE (+2.45% to E100.5) and MTU Aero Engines (+2.07% to E61.65) reached a new 3-month relative high against the Dax.
Personal & Household Goods: Henkel (+2.41% to E54.76), Adidas (+1.85% to E59.54) and Beiersdorf (+1.6% to E49.13) reached a new 3-month relative high against the Dax.
Retail: Metro (-1.81% to E25.8) reached a new 3-month relative low against the Dax.
France
L'Oreal posted 1Q sales up 9.4% YoY (+6.4% like-for-like) to E5.6B. The Co's chairman & CEO said: "The first three months have reinforced our confidence in the group's ability to outperform the market in 2012, to strengthen its global positions, and to achieve another year of growth in both sales and profits."
Akka Technologies said antitrust authorities have approved its purchase of a 65% stake in MBtech, adding: "Following the lead set by AKKA Technologies, MBtech will increase the pace of its growth through sector diversification (aeronautics, rail industries and automotive). Daimler (which remains a 35% partner) and AKKA Technologies intend to develop the company jointly in order to strengthen its competitiveness."
PSA Peugeot Citroen plans to expand the up-market DS range of its Citroen brand as it targets boosting sales in China and other buoyant markets reported Dow Jones citing the brand's chief.
Mersen said it has been chosen by wind-turbine maker REpower to supply signal transmission systems for the Thornton Bank wind farm near Belgium's Ostend port.
Mercialys: 1Q sales expected.
Soitec: 4Q sales expected.
Automobiles & Parts: Michelin (+1.02% to E54.23) reached a new 3-month relative high against the Cac 40.
Chemicals: Arkema (+4.24% to E69.01) closed at a 3-month relative high against the Cac 40.
Food & Beverage: Remy Cointreau (+2.4% to E77.56) and Pernod-Ricard (+1.33% to E76.9) reached a new 3-month relative high against the Cac 40.
Industrial Goods & Services: ADP (+4.58% to E64.65), Ingenico (+3.83% to E36.35), EADS (+2.88% to E30.9), Zodiac Aerospace (+2.87% to E79.7), Edenred (+2.81% to E23.26), Bureau Veritas (+2.42% to E67.74), Safran (+1.23% to E26.77) and Thales (+1.12% to E27) closed at a 3-month relative high against the Cac 40.
Media: Publicis (+1.88% to E41.18) and Teleperformance (+1.68% to E21.14) closed at a 3-month relative high against the Cac 40.
Personal & Household Goods: LVMH (+2.12% to E129.9) and Christian Dior (+1.79% to E116.85) closed at a 3-month relative high against the Cac 40.
Real Estate: ICADE (+1.03% to E65.01) closed at a 3-month relative high against the Cac 40.
Retail: Casino (+1.03% to E71.7) closed at a 3-month relative high against the Cac 40.
Technology: AtoS (+2.57% to E43.37) closed at a 3-month relative high against the Cac 40.
Travel & Leisure: Sodexo (+1.46% to E59.7) reached a new 3-month relative high against the Cac 40.
Spain / Portugal / Greece
Banks: Banco Comercial Portugues (-6.45% to E0.12) and Banco Espirito Santo (-10.54% to E1.04) closed at a 3-month relative low against the PSI 20.
Banco Popular Espanol (-0.87% to E2.5) reached a new 3-month relative low against the Ibex.
Construction & Materials: ACS (-3.57% to E17.55) closed at a 3-month relative low against the Ibex.
Health Care: Grifols (+1.26% to E16.06) reached a new 3-month relative high against the Ibex.
Industrial Goods & Services: Amadeus IT (+0.57% to E14.08) closed at a 3-month relative high against the Ibex.
Retail: Inditex (+1.33% to E70.82) reached a new 3-month relative high against the Ibex.
Jeronimo Martins (+1.79% to E15.39) closed at a 3-month relative high against the PSI 20.
Utilities: Iberdrola (-1.52% to E3.9) reached a new 3-month relative low against the Ibex.
"Risk comes from not knowing what you are doing" --Warren Buffett--
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
Bookmarks