EU indices slightly down | TA focus on Kingspan


European stocks report | Kingspan | Sanofi | BNP Paribas | Unibail-Rodamco-Westfield...

Stocks (2)


Yesterday, European stocks were mixed. The Stoxx Europe 600 Index gained 0.72%, Germany's DAX 30 rose 0.67% and France's CAC 40 climbed 0.66%, while the U.K.'s FTSE 100 declined 0.25%.

68% of STOXX 600 constituents traded higher yesterday.
79% of the shares trade above their 20D MA vs 73% Friday (above the 20D moving average).
64% of the shares trade above their 200D MA vs 63% Friday (above the 20D moving average).

The Euro Stoxx 50 Volatility index added 0.02pt to 22.25, a new 52w high.

3mths relative high: Industrial
3mths relative low: none

Europe Best 3 sectors
utilities, technology, automobiles & parts

Europe worst 3 sectors
travel & leisure, energy, banks

The 10yr Bund yield was unchanged to -0.53% (below its 20D MA). The 2yr-10yr yield spread rose 0bp to -18bps (above its 20D MA).

GE 07:00: Sep Inflation Rate MoM final, exp.: -0.1%
GE 07:00: Sep Harmonised Inflation Rate YoY final, exp.: -0.1%
GE 07:00: Sep Harmonised Inflation Rate MoM final, exp.: -0.2%
GE 07:00: Sep Inflation Rate YoY final, exp.: 0%
UK 07:00: Aug Average Earnings excl. Bonus, exp.: 0.2%
UK 07:00: Aug Average Earnings incl. Bonus, exp.: -1%
UK 07:00: Aug Unemployment Rate, exp.: 4.1%
UK 07:00: Sep Claimant Count chg, exp.: 73.7K
UK 07:00: Jul Employment chg, exp.: -12K
UK 07:00: Q2 Labour Productivity QoQ final, exp.: -1.3%
EC 10:00: Oct ZEW Economic Sentiment Idx, exp.: 73.9
GE 10:00: Bundesbank Wuermeling speech
GE 10:00: Bundesbank Buch speech
GE 10:00: Oct ZEW Current Conditions, exp.: -66.2
GE 10:00: Oct ZEW Economic Sentiment Idx, exp.: 77.4
GE 13:00: Bundesbank Wuermeling speech

In Asian trading hours, EUR/USD dropped to 1.1794 and GBP/USD eased to 1.3041. USD/JPY slid to 105.37.

Spot gold extended its decline to $1,913 an ounce.

Kingspan, a building materials company, was upgraded to "buy" from "hold" at Societe Generale.
From a daily point of view, the stock remains on the upside, supported by a rising trend line drawn since March. Above the horizontal support at 71.5p, look for 83p and 92p in extension.

Source: GAIN Capital, TradingView

Evotec, a drug discovery and development company, said Mubadala Investment Company and Novo Holdings will subscribe a total of 11,478,315 new shares of the company for 250 million euros (21.7802 euros per share).

Sanofi, a pharmaceutical group, reported that a phase 3 trial of its Dupixent met the primary and all key secondary endpoints in children aged 6 to 11 years with uncontrolled moderate-to-severe asthma.

BNP Paribas', a banking group, "A+" credit rating outlook was revised to "Negative" from "Watch Negative" by Fitch. The rating agency said: "The Negative Outlook on BNPP's Long-Term IDR reflects downside risks to our baseline scenario, as pressure on the ratings would increase substantially if the downturn is deeper or more prolonged than we currently expect."

Vinci, a concessions and construction company, is expected to report 3Q traffic figures for its airports.

Unibail-Rodamco-Westfield, a commercial real estate company, announced that it has agreed to sell the SHiFT office building in Paris to a consortium of French institutional investors for 620 million euros.

Adecco, a recruitment services provider, was upgraded to "overweight" from "neutral" at JPMorgan.

Rockwool International, a Danish manufacturer of mineral wool products, was upgraded to "hold" from "sell" at Societe Generale.

More from Equities


This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

GAIN Capital Singapore Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the GAIN Capital group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), GAIN Capital Singapore Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact GAIN Capital Singapore Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither GAIN Capital Singapore Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

GAIN Capital Singapore Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit for the complete Risk Disclosure Statement.

Important Notice:

Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.