🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

LIVE MARKETS-On our radar: battle for BME, German real estate, earnings

Published 19/11/2019, 06:55 pm
© Reuters.  LIVE MARKETS-On our radar: battle for BME, German real estate, earnings
UK100
-
FCHI
-
DE40
-
BAER
-
DB1Gn
-
BME
-
DIAL
-
SOON
-
TLGG
-
AT1
-

* European shares seen opening up slightly

* Investors await clearer news on possible trade deal

* U.S. grants Huawei new 90-day license extension 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. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net

ON OUR RADAR: BATTLE FOR BME, GERMAN REAL ESTATE, EARNINGS (0755 GMT)

European shares are seen rising slightly at the open, helped at the margins by news that the U.S. has granted Huawei a longer-than-expected 90-day license extension, although the region's top index remains stuck in its recent tight range, just below record highs, pending clearer news on whether the U.S. and China will strike a preliminary deal to end trade war.

EuroSTOXX50, DAX, FTSE, CAC and IBEX futures are up 0.2-0.5%.

On the corporate front, eyes on the bidding war for Madrid bourse operator BME BME.MC which could heat up further after Spanish newspaper La Informacion said Deutsche Boerse DB1Gn.DE is mulling a bid for BME following competing moves by SIX and Euronext to take over their smaller Spanish rival.

German real estate could also grab some attention due to M&A action. Shares in TLG Immobilien TLGG.DE are up 1.5% in early Frankfurt trade after agreeing to merge with Aroundtown SA AT1.DE in an all-share transaction.

In earnings, news is mixed.

Sonova SOON.S lifted its FY 2019/2020 sales and profit outlook after the hearing aid maker said a new device took market share from rivals in H1. Its shares are seen up 2%.

Private bank Julius Baer BAER.S said it was unlikely to achieve its target of 4-6% growth in net new money this year due to outflows from funds at its Italian subsidiary Kairos. Plans for a a 400-million-francs share buyback could sweeten the disappointing earnings update.

Dialight DIAL.L could be hit hard after the lights manufacturer warned on its annual operating profit, hit by the Sino-U.S. trade spat which has led to uncertainty around the timing of orders from its customers.

(Danilo Masoni)

*****

MORNING CALL: LITTLE CHANGED (0628 GMT)

European shares are expected to open little changed, hovering at striking distance from their past record highs, as investors await clearer news on whether the U.S. and China will strike a preliminary deal to end a drawn-out trade war.

Spreadbetters at IG expect London's FTSE to open 6 points higher at 7,314, Frankfurt's DAX to open 9 points higher at 13,216 and Paris' CAC to open 5 points higher at 5,934.

Over in Asia, shares were mixed. MKTS/GLOB

(Danilo Masoni)

*****

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.