(ABM FN-Dow Jones) European stocks are set to open lower on Thursday, after Russia is said to have launched an attack on Ukraine.
IG foresees an opening loss of 587 points for the German DAX, a minus of 250 points for the French CAC 40 and a decrease of 166 points for the British FTSE 100.
European stocks closed mostly lower on Wednesday.
Equity markets were trading higher earlier in the day. While there seemed to be a little less nervousness, the conflict between Russia and Ukraine continued to dominate sentiment after the US and its allies imposed a series of sanctions against Russia. However, investors found the measures less severe than expected.
“More sanctions are expected in the coming days, but the measures announced so far are not as severe as feared,” said Siwssquote market analyst Ipek Ozkardeskaya.
SPI Asset Management’s marketing channelist Stephen Innes said the dollar/ruble slump, oil and gold prices suggest investors believe Russia’s decision to send “peacekeeping troops” to eastern Ukraine will not escalate into a large-scale raid Ukraine.
On a macroeconomic level, it was announced on Wednesday that consumer prices in the eurozone rose by 5.1 percent in January, which was in line with an earlier estimate.
Consumer confidence in Germany fell sharply before March. The confidence index came in at 8.1 negative, against 6.7 negative for February.
French entrepreneurs’ confidence in the economy, on the other hand, rose sharply in February. The business climate index rose 5 points to an index reading of 112 in February.
Company news
Stellantis has made almost three times as much profit in the past financial year thanks to a 14 percent turnover growth. The stock rose about 4.5 percent.
Wolters Kluwer saw its turnover and result rise in 2021 and further increased its dividend. The Wolters Kluwer share price was 2.7 percent higher.
ASMI’s figures were well received by analysts, but the market reacted with disappointment. The stock lost 7.7 percent.
In Brussels, the Ageas share price rose 4.5 percent after figures and the Solvay share became 1.0 percent more expensive in price, also after figures.
In Paris, Danone won almost 4.0 percent. Danone posted less profit in 2021, while revenue growth accelerated in the fourth quarter. Hermes International rose about 1.0 percent, while Renault fell about 4.5 percent.
In Frankfurt, Porsche Automobil led the way with a profit of approximately 4.5 percent. Fresenius Medical Care fell more than 3.5 percent, making it the strongest faller among the main funds.
Euro STOXX 50 3,973.41 (-0.3%)
STOXX Europe 600 453,86 (-0,3%)
DAX 14.631,36 (-0,4%)
CAC 40 6,780.67 (-0.1%)
FTSE 100 7,498.18 (+ 0.1%)
SMI 11,941.89 (-0.2%)
AEX 727,91 (-0,6%)
BEL 20 3,973.23 (+ 0.4%)
FTSE MIB 25.955,08 (-0,3%)
IBEX 35 8.440,10 (-0,6%)
US EQUITIES
Wall Street opens significantly lower on Thursday, according to US futures.
U.S. stocks also closed lower on Wednesday after the three major U.S. benchmarks appeared to be recovering from losses a day earlier, while investors closely monitored developments surrounding the conflict in Ukraine, where Russia’s deployment of troops has been sanctioned with penalties. sanctions.
“We can expect the market to remain volatile as the situation evolves,” said deVere Group market analyst Nigel Green.
Focus on Wednesday turns to the details of the West’s sanctions against Russia, which have so far not been viewed as overly “disturbing” by investors. “Markets heaved a sigh of relief that the sanctions weren’t more drastic and aggressive,” said Oanda market analyst Jeffey Halley.
On a macroeconomic level, it was announced on Wednesday that the number of mortgage applications in the US fell by 13.1 percent last week. The market index fell from 537.0 to 466.4.
April West Texas Intermediate crude oil futures closed 0.2 percent, or $0.19, higher on Wednesday at $92.10 on the New York Mercantile Exchange.
On Thursday, five publications are on the agenda in the US on a macroeconomic level. Economic growth figures for the fourth quarter of 2021, the Chicago Fed activity index and weekly support requests will be released before the fair, followed by new home sales and weekly oil inventories.
Company news
Business results are out on Wednesday from Lowe’s, which posted more sales than a year earlier in the fourth quarter. The comparable growth of 5 percent was stronger than the analyst consensus of 3 percent. The stock rose 0.2 percent.
Stellantis, the manufacturer of Jeep and Dodge, made significantly more profit and was optimistic about the new year. The auto industry is back in good shape after two years of disruptions related to the corona pandemic. The stock rose more than 4.0 percent.
SweetWater Brewing Company, a subsidiary of Tilray, has continued its westward expansion in the Americas with offerings in Washington and Oregon through distribution partner Columbia Distributing. Tilray fell about 2.5 percent.
UPS has been denied a claim in a claim it filed over the failed takeover of Dutch TNT. According to the judges, UPS did not provide sufficient evidence that the damage suffered was the result of the prohibition on the acquisition of TNT.
Somatus has raised money in a deal that values the company at more than $2.5 billion. The company provides preventive care for kidney disease.
Twitter wants to raise $1 billion with a bond issue. The stock was down about 0.3 percent.
S&P 500 index 4.225,52 (-1,8%)
Dow Jones index 33.131,76 (-1,4%)
Nasdaq Composite 13.037,49 (-2,6%)
ASIA
Asian stocks were lower across the board on Thursday.
Nikkei 225 25.905,34 (-2,1%)
Shanghai Composite 3.436,34 (-1,5%)
Hang Seng 22,886.81 (-3.3%)
EVALUATE
The euro/dollar traded at 1.1237. When the US markets closed on Wednesday, the currency pair still moved at 1.1301 and at the close of the European markets there was still a position of 1.1318 on the plates.
USD/JPY Yen 114,57
EUR/USD Euro 1,1237
EUR/JPY Yen 128,73
MACRO-AGENDA:
14:30 Economic growth – Fourth quarter 2nd estimate (US)
14:30 Chicago Fed activiteitsindex – Januari (VS)
14:30 Support Requests – Weekly (US)
16:00 New Home Sales – January (US)
17:00 Oil Stocks – Weekly (US)
COMPANY NEWS:
07:00 AB InBev – Fourth Quarter Figures (Bel)
07:00 Adecco – Fourth quarter figures (Zwi)
07:00 AXA – Fourth Quarter Figures (Fra)
07:00 Bouygues – Fourth quarter figures (Fra)
07:00 Daimler – Fourth quarter figures (Germany)
07:00 Deutsche Telekom – Fourth quarter figures (Ger)
13:00 Moderna – US Fourth Quarter Figures
13:00 Nikola – Fourth Quarter Figures (US)
22:00 Beyond Meat – US Fourth Quarter Figures
Bron: ABM Financial News
From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.
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