European Equity Market Handover – 24th April 2019

Stock market snapshot as of [24/4/2019 2:06 PM]

  • Global shares have been on tenterhooks for much of Wednesday as investors fixated on how Boeing, the biggest U.S. exporter in dollar value, would fare with quarterly earnings
  • Boeing profits fell 21%, but the group managed to beat most EPS estimates, giving the stock a surprising lift ahead of the start of U.S. cash trading.
  • Consequently, Wall Street futures retain a light bid, even after the S&P 500 and Nasdaq indices notched new record highs on Tuesday
  • European stock market sentiment is tardier on the uptake; still wary after signs that Beijing will be more circumspect about stimulus after Chinese growth appeared to respond more quickly than expected to recent fiscal loosening

Corporate News

  • Even a less severe read on Europe’s bank sector from resilient Credit Suisse earnings hasn’t improved the regional mood much. A high threshold for improvement is still required for laggards like Deutsche Bank, UBS and even Barclays, which report earnings in coming days
  • Despite the impact of Boeing’s grounded 737 Max model, its shares trade about $7 higher in pre-market deals. With cash flow and revenues coming in far worse than sharply-lowered forecasts, there remains a strong chance that the stock could dive later, taking U.S. markets, particularly the Dow, with it
  • Caterpillar shares also look shaky ahead of open, despite beating forecasts and raising guidance

Upcoming corporate highlights




Event Name



Visa Inc

Q2 2019 Visa Inc Earnings Release



Facebook Inc

Q1 2019 Facebook Inc Earnings Release



Microsoft Corp

Q3 2019 Microsoft Corp Earnings Release



Citrix Systems Inc

Q1 2019 Citrix Systems Inc Earnings Release



Raymond James Financial Inc

Q2 2019 Raymond James Financial Inc Earnings Release



Fortune Brands Home & Security Inc

Q1 2019 Fortune Brands Home & Security Inc Earnings Release



Xerox Corp

Q1 2019 Xerox Corp Earnings Release



Chipotle Mexican Grill Inc

Q1 2019 Chipotle Mexican Grill Inc Earnings Release

AMC: after market close

Upcoming economic highlights


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