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20/10/22 Briefing


The S&P 500 futures are up 2 points and are trading 0.5% above fair value. The Nasdaq 100 futures are up 3 points and are trading 0.2% above fair value. The Dow Jones Industrial Average futures are up 113 points and are trading 0.4% above fair value.

There's a mostly positive disposition for equity futures this morning as Treasury yields pullback from overnight highs. The 10-yr note yield, which reached 4.18% earlier, sits at 4.13% now. The 2-yr note yield, which reached 4.62% overnight, sits at 4.58% now. 

Earnings news since yesterday's close has generally been positive. Tesla (TSLA), however, has been a big exception with a disappointing miss on earnings and revenue estimates. It's down roughly 5.0% in premarket action.

Chinese authorities are debating shortening the coronavirus quarantine time for travelers, according to Bloomberg. Meanwhile, Beijing is locking down some residential compounds amid rise in coronavirus cases, according to Reuters.

The yen is weakening, hitting 150.09 earlier, which marks its worst level since 1990. USD/JPY -0.1% to 149.79.

Market participants will receive the following economic data today:

  • 8:30 ET: Weekly Initial Claims (Briefing.comconsensus 233,000; prior 228,000), Continuing Claims (prior 1.368 mln), and October Philadelphia Fed survey (Briefing.comconsensus -5.0; prior -9.9)

  • 10:00 ET: September Leading Indicators (Briefing.comconsensus -0.3%; prior -0.3%) and September Existing Home Sales (Briefing.comconsensus 4.70 mln; prior 4.80 mln)

  • 10:30 ET: Weekly natural gas inventories (prior +125 bcf)

In corporate news:

  • Tesla (TSLA 210.07, -11.97, -5.39%):  misses by $0.03, misses on revs; reiterates expectation of achieving 50% average annual growth in vehicle deliveries over multi-year horizon

  • Lam Research (LRCX 330.00, -0.08, -0.02%): beats by $0.88, beats on revs; guides Q2 EPS above consensus, revs above consensus

  • IBM (IBM 126.39, +3.88, +3.17%): beats by $0.01, beats on revs; raises FY22 revenue growth outlook; reaffirms FCF outlook for FY22

  • Alcoa (AA 33.53, -4.09, -10.87%): misses by $0.51, misses on revs; decreases 2022 alumina and bauxite shipment projections

  • Dow (DOW 44.76, -0.37, -0.82%): misses by $0.06, beats on revs

  • American Airlines (AAL 14.39, +0.40, +2.86%): beats by $0.13, reports revs in-line; guides Q4 EPS above consensus, revs in-line

  • AT&T (T 15.99, +0.45, +2.90%): beats by $0.06, reports revs in-line

  • Allstate (ALL 121.06, -14.09, -10.43%): estimates Q3 catastrophe losses of $763 mln; provides preliminary Q3 results

  • Las Vegas Sands (LVS 35.94, +0.34, +0.96%): misses by $0.02, reports revs in-line

Reviewing overnight developments:

  • Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note with Hong Kong's Hang Seng (-1.4%) showing relative weakness amid pressure on technology stocks. Japan's Nikkei: -0.9%, Hong Kong's Hang Seng: -1.4%, China's Shanghai Composite: -0.3%, India's Sensex: +0.2%, South Korea's Kospi: -0.9%, Australia's ASX All Ordinaries: -1.2%.

  • In economic data:

  • Japan's September trade deficit JPY2.094 trln (expected deficit of JPY2.167 trln; last deficit of JPY2.820 trln)

  • Australia's September Employment Change 900 (expected 25,000; last 36,300) and full employment change 13,300 (last 55,000). September Participation Rate 66.6%, as expected (last 66.6%) and September Unemployment Rate 3.5%, as expected (last 3.5%)

  • Hong Kong's September Unemployment Rate 3.9% (last 4.1%)

  • In news:

  • Chinese authorities may reportedly shorten the coronavirus quarantine time for travelers.

  • The People's Bank of China made no changes to its one-year and five-year loan prime rates.

  • Chinese officials are reportedly polling chipmakers about the impact of the new restrictions on sales of advanced products to customers in China.

  • Major European indices trade on a mostly higher note. STOXX Europe 600: -0.3%, Germany's DAX: -0.3%, U.K.'s FTSE 100: +0.2%, France's CAC 40: +0.4%, Italy's FTSE MIB: +0.3%, Spain's IBEX 35: +0.5%.

  • In economic data:

  • Eurozone's August Current Account deficit EUR26.30 bln (expected deficit EUR20.30 bln; last deficit of EUR19.90 bln)

  • Germany's September PPI 2.3% m/m (expected 1.3%; last 7.9%); 45.8% yr/yr (expected 44.7%; last 45.8%)

  • France's October Business Survey 103 (expected 101; last 102)

  • Swiss September trade surplus CHF4.00 bln (last surplus of CHF3.32 bln)

  • In news:

  • British Prime Minister Truss appears to be facing continued calls for her resignation.

  • Bank of England policymaker Broadbent said that it is not clear whether rates need to rise as much the market expects, prompting a modest reduction in expectations for a 100-bps rate hike at the November policy meeting.

  • Germany's PPI was up 45.8% yr/yr, remaining at its highest level in 70 years.

  • French Finance Minister Le Maire said that the government expects inflation to decelerate to 5.0% at the start of next year.

U.S. equity futures:

  • S&P 500 Futures: +6 @ 3,701

  • DJIA Futures: +111 @ 30,534

  • Nasdaq 100 Futures: -11 @ 11,092

Overseas:

  • Europe: DAX -0.3%, FTSE +0.2%, CAC +0.4%

  • Asia: Nikkei -0.9%, Hang Seng -1.4%, Shanghai Composite -0.3%

Commodities:

  • Crude Oil +1.70 @ 86.22

  • Nat Gas  +0.009 @ 5.471

  • Gold +6.10 @ 1640.30

  • Silver +0.289  @ 18.648

  • Copper +0.0695 @ 3.3875

U.S. Summary:

  • Earnings/Guidance:

  • ABB Ltd (ABB) misses by $0.17, reports revs in-line

  • Alaska Air (ALK) beats by $0.14, reports revs in-line; guides Q4 revs in-line

  • Alcoa (AA) misses by $0.51, misses on revs; decreases 2022 alumina and bauxite shipment projections

  • Allstate (ALL) estimates Q3 catastrophe losses of $763 mln; provides preliminary Q3 results

  • American Airlines (AAL) beats by $0.13, reports revs in-line; guides Q4 EPS above consensus, revs in-line

  • AT&T (T) beats by $0.06, reports revs in-line

  • Atlantic Union Bankshares (AUB) misses by $0.02

  • Banc of California (BANC) misses by $0.04, misses on revs

  • BankUnited (BKU) beats by $0.08

  • Berkshire Hills Bancorp (BHLB) beats by $0.03; net interest income increased by 13%

  • Blackstone (BX) beats by $0.06, beats on revs

  • Cohen & Steers (CNS) misses by $0.02, reports revs in-line

  • Crown Castle (CCI) reports Q3 results, reports revs in-line; guides for FY22and FY23; also increases dividend

  • CVB Financial (CVBF) beats by $0.01, beats on revs

  • Danaher (DHR) beats by $0.31, beats on revs

  • Dover (DOV) beats by $0.07, reports revs in-line; guides FY22EPS in-line, revs in-line

  • Dow (DOW) misses by $0.06, beats on revs

  • Ericsson (ERIC) misses by SEK0.30, beats on revs

  • Equifax (EFX) beats by $0.10, beats on revs; guides Q4 EPS below consensus, revs below consensus; guides FY22EPS below consensus, revs in-line

  • Fifth Third (FITB) misses by $0.07

  • First Industrial Realty (FR) beats by $0.05, beats on revs

  • Genuine Parts (GPC) beats by $0.18, beats on revs; raises FY22guidance

  • Herc Holdings (HRI) misses by $0.17, beats on revs

  • Hewlett Packard Enterprise (HPE) reiterates FY22earnings and sales outlook; guides FY23earnings in-line with consensus, expects revenue growth of +2-4% when adjusted for currency

  • Hovnanian (HOV) reaffirms guidance for FY22, but expects achievement of high end of EPS guidance will be very challenging

  • IBM (IBM) beats by $0.01, beats on revs; raises FY22revenue growth outlook; reaffirms FCF outlook for FY22; expects Q4 all-in constant currency revenue growth at the high-end of its mid-single-digit range

  • Iridium Communications (IRDM) beats by $0.01, beats on revs

  • Kaiser Alum (KALU) beats by $1.19, beats on revs

  • KeyCorp (KEY) misses by $0.04

  • Kinder Morgan (KMI) reports Q3 (Sep) results, beats on revs

  • Lam Research (LRCX) beats by $0.88, beats on revs; guides Q2 EPS above consensus, revs above consensus

  • Landstar System (LSTR) reports EPS in-line, beats on revs; guides Q4 EPS above consensus, revs above consensus; guides FY22EPS above consensus, revs above consensus

  • Las Vegas Sands (LVS) misses by $0.02, reports revs in-line

  • Liberty Energy (LBRT) beats by $0.15, beats on revs

  • Manpower (MAN) beats by $0.04, misses on revs; guides Q4 EPS above consensus

  • Marsh McLennan (MMC) beats by $0.04, misses on revs

  • MSC Industrial (MSM) beats by $0.04, beats on revs

  • Nokia (NOK) beats by 0.01, beats on revs; reaffirms FY22revs guidance

  • Pacific Premier (PPBI) beats by $0.01, misses on revs

  • PacWest Bancorp (PACW) misses by $0.05, misses on revs

  • Philip Morris International (PM) reports Q3 (Sep) results, beats on revs

  • Pool (POOL) beats by $0.14, reports revs in-line; narrows FY22EPS in-line

  • PPG Industries (PPG) beats by $0.01, reports revs in-line; guides Q4 EPS below consensus, aggregate sales volumes down a mid-single-digit percentage yr/yr; cost restructuring program underway

  • Quest Diagnostics (DGX) beats by $0.18, beats on revs; raises FY22EPS above consensus, revs above consensus

  • Ranger Oil (ROCC) provides preliminary Q3 results; sales volumes of approximately 42.6 thousand barrels of oil equivalent per day exceeded guidance of 40.9-42.5 Mboe/d

  • Rexford Industrial Realty (REXR) beats by $0.01, beats on revs

  • RLI Corp (RLI) reports Q3 (Sep) results

  • Sandy Spring Banc (SASR) misses by $0.20

  • Sasol (SSL) reports Q3 production results

  • SL Green Realty (SLG) beats by $0.01, beats single est on revs

  • Snap-On (SNA) beats by $0.28, beats on revs

  • Steel Dynamics (STLD) beats by $1.57, beats on revs

  • Super Micro Computer (SMCI) increases guidance for EPS and revs for SepQ

  • Tesla (TSLA) misses by $0.03, misses on revs; reiterates expectation of achieving 50% average annual growth in vehicle deliveries over multi-year horizon

  • Texas Capital (TCBI) misses by $0.28, net interest income increased 25.5% yr/yr

  • Tractor Supply (TSCO) beats by $0.03, reports revs in-line; raises FY22EPS in-line, revs above consensus

  • Umpqua Holdings (UMPQ) beats by $0.01, misses on revs

  • Watsco (WSO) misses by $0.39, reports revs in-line; raises dividend

  • WD-40 (WDFC) misses by $0.14, reports revs in-line; guides FY23EPS below two analyst estimate, revs in-line

  • Webster Financial (WBS) beats by $0.04, beats on revs

  • Western Union (WU) guides Q3 EPS and revs above consensus; reaffirms FY22outlook ahead of Investor Day on October 20

  • WNS (WNS) beats by $0.06, beats on revs; raises FY23guidance

  • Woodside Energy Group (WDS) reported Q3 sales +59% sequentially; Upgraded full-year 2022 production guidance to 153 - 157 MMboe

  • News:

  • Beijing locking down some residential compounds amid rise in coronavirus cases, according to Reuters

  • China debating if coronavirus mandatory quarantine time should be reduced for travelers, according to Bloomberg

  • U.S. Senate committee advances bill seeking to rein in OPEC+ over its production cut, according to Reuters

  • Drugmakers are trying to limit ability of Medicare to negotiate prices, according to the Wall Street Journal

  • Altria (MO) reaches agreement with Philip Morris International (PM) for IQOS Transition

  • Armstrong World Industries (AWI) approves a 10% increase to quarterly cash dividend to $0.254/share of common stock

  • ASML (ASML) might be spared from US chip restrictions, according to Bloomberg

  • AT&T (T) in discussions to create a joint venture that would invest billions on fiber-optic network expansion, according to BNN Bloomberg

  • BrainStorm Cell Therapeutics (BCLI) Presents NurOwn Phase 2 Progressive MS Biomarker Data at the 38th ECTRIMS Congress

  • Bristol Myers Squibb (BMY) Presents Data from CheckMate -76K Showing Opdivo (nivolumab) Reduced the Risk of Recurrence or Death by 58% Versus Placebo in Patients with Completely Resected Stage IIB or IIC Melanoma

  • Credit Suisse (CS) is trying to finalize sales which would limit funding it needs from investors, according to Reuters

  • Denison Mines (DNN) announces exploration agreement with the Ya'thi Nn Lands and Resources Office, the Athabasca Nations, and Communities of the Nuhenn

  • Diebold Nixdorf (DBD) updates debt financing and financial forecasts

  • Everest Re (RE) estimates total pre-tax net catastrophe losses of $730 mln for Q3

  • Gilat Satellite (GILT) selected by Sencinet for Petrobras' (PBR) oil and gas industry satellite connectivity project

  • Goodyear Tire (GT) approves plan to close its Melksham, U.K. tire manufacturing facility

  • Incyte (INCY) reports Pivotal Phase 3 Data Showing Significant Improvements in Facial and Total Body Repigmentation with Ruxolitinib Cream (Opzelura) in Vitiligo Published in New England Journal of Medicine

  • NY Times (NYT) cancelled plans to introduce application for children, according to the Wall Street Journal

  • Penske Auto (PAG) increased the quarterly dividend to $0.57 per share from $0.53 per share

  • Philip Morris (PM) Holland Increases the price to SEK116 per share for Swedish Match AB

  • Pinterest (PINS) partnering with Warner Music Group (WMG), Warner Chappell Music, Merlin, and BMG, to bring their music onto its platform

  • PPG Industries (PPG) promotes COO Tim Knavish to CEO, succeeding Michael McGarry, effective January 1, 2023; Mr. Knavish to join Board, effective October 20; Mr. McGarry to retire as Executive Chairman on October 1, 2023

  • RELX (RELX) provides October trading update

  • RenaissanceRe (RNR) estimates that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 mln on its Q3 results; primarily driven by a $540 mln impact from Hurricane Ian

  • Rivian Automotive (RIVN) fixed a significant majority of its over 12,000 recalled vehicles, according to TechCrunch

  • Sempra Energy (SRE) announces final EPC contract with Bechtel for Port Arthur LNG

  • Takeda Pharma (TAK), Zedira and Dr. Falk Pharma announce a collaboration and licensing agreement to develop ZED1227/TAK-227

  • Talaris Therapeutics (TALS) announces a status update on its Phase 3 FREEDOM-1 study in living donor kidney transplant recipients

  • Urban Edge Properties (UE) appoints Jeffrey S. Mooallem to COO role, effective January 9, 2023

  • Xeris Biopharma (XERS) announced topline results from its Phase 1 study of subcutaneous (SC) levothyroxine (XP-8121)

  • M&A:

  • Alarm.com(ALRM) acquires Noonlight, a connected safety and event management platform; financial details not disclosed

  • CVS Health (CVS) and Signify Health (SGFY) received a request for additional information from the DOJ in connection with the merger review

  • Freedom Holding Corp. (FRHC) to sell its Russian subsidiary Investment Company Freedom Finance LLC for cash in an amount of approximately $33 mln

  • LMP Automotive (LMPX) to sell Kia dealerships in Port Charlotte, FL and Cape Coral, FL to Morgan Auto Group

  • Northern Oil & Gas (NOG) to acquire a 36.7% working interest in Core Midland Basin development project for $330 mln; to be financed with cash

  • Rosehill (ROSE) and Inversiones e Inmobilaria GHC Ltda (Prize) entered into a definitive business combination agreement

  • The Eastern Company (EML) has sold its Argo EMS business, terms of the transaction were not disclosed

  • Syndicate

  • Denali Therapeutics (DNLI) prices offering of 10,377,359 shares of its common stock at $26.50 per share

  • IPOs:

  • Expected to Price:

  • Prime Medicine (NASDAQ: PRME): The biotechnology company delivering a new class of differentiated one-time curative genetic therapies priced its 10.3 M share IPO at $17.

Gapping Up/Down

  • Gapping up:

  • SMCI +12.8%, LBRT +4.1%, CE +3.9%, UMPQ +3.5%, IBM +2.8%, DHR +2.8%, PACW +1.8%, T +1.7%, ALK+1.7%, PM +1.5%, ROCC +1.5%, SLG +1.2%, LSTR+0.9%, XERS +0.8%, CVBF +0.8%

  • Gapping down:

  • ERIC -15.1%, TSCO -10.9%, AA -10.1%, ALL -9.7%, SSL -9.6%, NOK -6.4%, TSLA -5.8%, WDFC -5%, KNX -4.9%, BCLI -4.6%, EFX -3.3%, DNLI -2.8%, HPE -2.6%, RLI -2.4%, CENX -1.9%, KMI -1.9%, TCBI-1.8%, PPG -1.7%, GT -1.3%, LRCX -1.2%, RIVN -1%, BMY -0.8%, ABB -0.8%, BC -0.7%, DOW -0.6%

 

Analyst Research (see Upgrades/Downgradescalendarfor full list):

  • Upgrades

  • Albertsons (ACI) upgraded to Equal-Weight from Underweight at Morgan Stanley; tgt raised to $30

  • ASML (ASML) upgraded to Buy from Hold at Deutsche Bank

  • Healthcare Services Group (HCSG) upgraded to Buy from Hold at The Benchmark Company; tgt $18

  • Hudson Pacific Properties (HPP) upgraded to Neutral from Underperform at Credit Suisse

  • Southern (SO) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $70

  • Tango Therapeutics (TNGX) upgraded to Buy from Neutral at H.C. Wainwright; tgt $10

  • Under Armour (UAA) upgraded to Hold from Sell at Williams Trading; tgt $6.50

  • Wolverine (WWW) upgraded to Buy from Hold at Williams Trading; tgt $19

  • Downgrades:

  • Ally Financial (ALLY) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $28

  • Ally Financial (ALLY) downgraded to Underweight from Equal Weight at Wells Fargo; tgt $23

  • Boston Properties (BXP) downgraded to Neutral from Outperform at Credit Suisse

  • Coupa Software (COUP) downgraded to Underweight from Neutral at Piper Sandler; tgt lowered to $55

  • Wingstop (WING) downgraded to Hold from Buy at Truist; tgt lowered to $125

  • Others:

  • Ascendis Pharma (ASND) initiated with a Buy at Goldman; tgt $174

  • California Resources Corp (CRC) initiated with a Buy at Stifel; tgt $63

  • Cerevel Therapeutics (CERE) initiated with a Buy at BofA Securities; tgt $39

  • Denbury (DEN) resumed with a Buy at Stifel; tgt $146

  • Gossamer Bio (GOSS) initiated with a Buy at Goldman; tgt $22

  • Spirit Realty Capital (SRC) initiated with a Perform at Oppenheimer; tgt $37

  • Talaris Therapeutics (TALS) initiated with a Buy at H.C. Wainwright; tgt $18

  • Talos Energy (TALO) resumed with a Buy at Stifel; tgt $27

Upcoming Events:

  • Econ Data:

  • 08:30 ET: Initial Claims for Oct 15 (Briefing.comConsensus 233K; Prior 228K)

  • 08:30 ET: Continuing Claims for Oct 8 (Briefing.comConsensus NA; Prior 1368K)

  • 08:30 ET: Philadelphia Fed Index for Oct (Briefing.comConsensus -5.0; Prior -9.9)

  • 10:00 ET: Existing Home Sales for Sep (Briefing.comConsensus 4.70M; Prior 4.80M)

  • 10:00 ET: Leading Economic Index for Sep (Briefing.comConsensus -0.3%; Prior -0.3%)

  • 10:30 ET: EIA Natural Gas Inventories for Oct 15 (Briefing.comConsensus NA; Prior +125 bcf)

  • Earnings

  • Monday (Oct 17)

  • Morning: BAC BK SCHW

  • Afternoon:  ELS MRTN

  • Tuesday (Oct 18)

  • Morning: ACI CBSH GS HAS JNJ LMT SBNY SI STT TFC

  • Afternoon:  FNB FHN FULT HWC IBKR ISRG JBHT NFLX OMC PNFP UAL UCBI WTFC

  • Wednesday (Oct 19)

  • Morning: ABT ALLY ASML BMI BKR CFG CMA ELV HCSG LAD MTB MKTX NDAQ NTRS PG PLD SCL TRV UNF WGO

  • Afternoon: AA CNS CCI CVBF EFX FR IBM KALU KMI KNX LRCX LSTR LBRT PACW PPG REXR RLI SLG STLD TSLA TCBI UMPQ WDFC

  • Thursday (Oct 20)  

  • Morning:  ABB ALK AAL T AUB BANC BKU BHLB BX COLB DHR DOV DOW EWBC ERIC FITB FCX GPC HRI HOMB IRDM KEY LNN MAN MMC MSM NOK NUE PPBI PM POOL DGX SASR SNA SNV TSCO UNP WSO WBS WNS

  • Afternoon: ASB OZK BJRI SAM BDN CSX EEFT FFBC GBCI HTH RHI SNAP SIVB THC UFPI WAL WHR

  • Friday (Oct 21)

  • Morning: AXP ALV HCA HBAN IPG RF SLB SXT SMPL VZ

  • Afternoon: None


Asia & Europe detail:

Asia: Nikkei -0.9%, Hang Seng -1.4%, Shanghai Composite -0.3%

Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note with Hong Kong's Hang Seng (-1.4%) showing relative weakness amid pressure on technology stocks. Chinese authorities may reportedly shorten the coronavirus quarantine time for travelers. The People's Bank of China made no changes to its one-year and five-year loan prime rates. Chinese officials are reportedly polling chipmakers about the impact of the new restrictions on sales of advanced products to customers in China.

  • In economic data:

  • Japan's September trade deficit JPY2.094 trln (expected deficit of JPY2.167 trln; last deficit of JPY2.820 trln)

  • Australia's September Employment Change 900 (expected 25,000; last 36,300) and full employment change 13,300 (last 55,000). September Participation Rate 66.6%, as expected (last 66.6%) and September Unemployment Rate 3.5%, as expected (last 3.5%)

  • Hong Kong's September Unemployment Rate 3.9% (last 4.1%)

---Equity Markets---

  • Japan's Nikkei: -0.9%

  • Hong Kong's Hang Seng: -1.4%

  • China's Shanghai Composite: -0.3%

  • India's Sensex: +0.2%

  • South Korea's Kospi: -0.9%

  • Australia's ASX All Ordinaries: -1.2%

---FX---

  • USD/JPY: -0.1% to 149.74

  • USD/CNH: -0.3% to 7.2433

  • USD/INR: -0.3% to 82.76

Europe: DAX -0.3%, FTSE +0.2%, CAC +0.4%

Major European indices trade on a mostly higher note. British Prime Minister Truss appears to be facing continued calls for her resignation. Bank of England policymaker Broadbent said that it is not clear whether rates need to rise as much the market expects, prompting a modest reduction in expectations for a 100-bps rate hike at the November policy meeting. Germany's PPI was up 45.8% yr/yr, remaining at its highest level in 70 years. French Finance Minister Le Maire said that the government expects inflation to decelerate to 5.0% at the start of next year.

  • In economic data:

  • Eurozone's August Current Account deficit EUR26.30 bln (expected deficit EUR20.30 bln; last deficit of EUR19.90 bln)

  • Germany's September PPI 2.3% m/m (expected 1.3%; last 7.9%); 45.8% yr/yr (expected 44.7%; last 45.8%)

  • France's October Business Survey 103 (expected 101; last 102)

  • Swiss September trade surplus CHF4.00 bln (last surplus of CHF3.32 bln)

---Equity Markets---

  • STOXX Europe 600: -0.3%

  • Germany's DAX: -0.3%

  • U.K.'s FTSE 100: +0.2%

  • France's CAC 40: +0.4%

  • Italy's FTSE MIB: +0.3%

  • Spain's IBEX 35: +0.5%

---FX---

  • EUR/USD: +0.4% to 0.9815

  • GBP/USD: +0.1% to 1.1228

  • USD/CHF: -0.3% to 1.0017


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