DAILY EUROPEAN EQUITY OPENING NEWS

**EUROPEAN EQUITY COVERAGE WILL ONLY COVER COMPANIES IN THE STOXX 600 OR COMPANIES OF SYSTEMIC IMPORTANCE TO PARTICULAR SECTORS**

26th September 2018

The Daily European Equity Opening News is uploaded at 0700BST/0100CDT recapping all of the overnight equity news

From 0700BST/0100CDT all equity news will be covered in real time over the audio and headline feed and the full audio rundown will be at 0715BST/0115CDT.

There will be an additional audio rundown at 0750BST/0150CDT recapping any company news which has hit the wires since 0715BST/0115CDT ahead of the European equity open

ASIA

Asian equities traded mostly higher despite a mixed lead from Wall St. where the Dow and S&P closed with losses amid cautiousness ahead of the FOMC. ASX 200 (+0.1%) gains were led by the strength in commodity names amid the bounce in base metals, while Nikkei 225 (+0.2%) initially lagged but remained in close proximity to test the 24,000 level to the upside. Elsewhere, Hang Seng (+1.7%) and Shanghai Comp (+.1.3%) outperformed as trade tensions took a backseat amid reports that MSCI will consider increasing the weight of China A-shares in its indices to 20% from 5% and with bluechip energy names frontrunning the gains in Hong Kong. Finally, 10yr JGBs saw a slight rebound and printed fresh weekly highs as yields marginally declined across the curve but with gains capped amid weaker than previous 40yr auction results.

FTSE

OTHER UK COMPANIES

BROKER MOVES

RANDGOLD RESOURCES (RRS LN) UPGRADED TO SECTOR PERFORM FROM UNDERPERFORM AT RBC

DAX

BMW (BMW GY) – Most of the co.’s 550 independent car dealerships are unwilling to accept new terms set by the carmaker, and are threatening to ignore an end of September deadline. (Sueddeutsche Zeitung)

Deutsche Bank (DBK GY) – The co. has been looking at a theoretical merger with UBS (UBSG SW), as according to sources. (Handelsblatt)

OTHER GERMAN COMPANIES

BROKER MOVES

DEUTSCHE BOERSE (DB1 GY) DOWNGRADED TO HOLD FROM SELL AT BANKHAUS LAMPE

CAC

Accor (AC FP) – The co.’s new Middle-East and Africa CEO is looking to expand in the region, with the co. planning USD 1bln in investments. (Newswires)

EDF (EDF FP) – The co. said on Tuesday it shut down a GE turbine in Bouchain due to turbine blade issues. (Newswires)

Total (FP FP) – The co. has said they see an output and cashflow boost from their deep water projects. (Newswires)

OTHER FRENCH COMPANIES

Natixis (KN FP) – BPCE, a majority holder in Natixis, has opened talks with Moroccan bank BCP to sell their African banks, in an effort to reorganise the co. (Newswires)

Orpea (ORP FP) – H1 EBITDA EUR 289.6mln vs. Exp. EUR 290mln and net EUR 107.6mln vs. Exp. EUR 105mln. (Newswires)

BROKER MOVES

BOUYGUES (EN FP) UPGRADED TO OVERWEIGHT FROM NEUTRAL AT JP MORGAN CHASE

SMI

Zurich Insurance (ZURN SW) – The co. is in talks to buy control in Indonesian co. PT Asuransi Adira Dinamika, as according to sources. (Newswires)

PAN EUROPE

Atlantia (ATL IM) – The Italian Government and Autostrade reportedly got into a war of words on Monday after the Italian Government published a report blaming Autostrade for the bridge collapse. (Newswires)

Santander (SAN SM) – Andrea Orcell has been named as the co.’s new CEO, joining from UBS (UBSG SW). (Telegraph)

Unicredit (UCG IM) – The co. may be weighing up a merger with Lloyds Bank (LLOY LN) and/or ABN Amro (ABN NA). (Il Sole)

SCANDINAVIA

BROKER MOVES

US

* SPX -0.1% at 2916, NDX +0.2% at 7563, DJI -0.25% at 26495. SECTORS: Energy +0.5%, Materials -0.5%, Industrials -0.3%, Cons Discretionary +0.6%, Cons Staples -0.8%, Healthcare -0.3%, Financials -0.4%, Tech -0.0%, Telecoms +0.1%, Utilities -1.2%.

(Newswires)