DAILY EUROPEAN EQUITY OPENING NEWS

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

27th 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 stocks were indecisive following a lacklustre lead from Wall St. where the major bourses ended the day with losses after a mixed-perceived FOMC. ASX 200 (Unch) was subdued by a pullback in commodity names, while Nikkei 225 (-0.5%) swung between gains and losses at the whim of a choppy currency. Shanghai Comp (-0.4%) and Hang Seng (-0.4%) also flip-flopped with the region somewhat cautious as it digested the FOMC and a lock-step hike by the HKMA, while the PBoC skipped open market operations again for a net daily drain of CNY 60bln. Finally, 10yr JGBs tracked US Treasuries higher with prices also supported amid the BoJ’s Rinban announcement for JPY 880bln in JGBs across the curve before hitting resistance at 150.20.

FTSE

Sky (SKY LN) – Rupert Murdoch is to end his affiliation with Sky, agreeing to a deal to sell 21st Century Fox’s stake in the co. to Comcast for GBP 11.6bln. (Times)

HSBC (HSBA LN) – The bank have raised their prime for the first time in 12 years by 12.5bps to 5.125% following the HKMA and Fed rate hikes. (Newswires)

Standard Chartered (STAN LN) – The co. have raised their Hong Kong prime lending rate by 12.5bps to 5.375%. (Newswires)

BT (BT/A LN) – The co. may have hired Credit Suisse (CSGN SW) to sell their Italian unit, as according to sources. (Il Sole)

EX-DIVS: Hargreaves Lansdown (HL/ LN), Morrisons Supermarket (MRW LN), Sumrfit Kappa Group (SKG LN) will trade without entitlement to their latest dividend pay-out on Thursday, trimming 0.83 points off the FTSE 100

OTHER UK COMPANIES

BROKER MOVES

GVC HOLDINGS (GVC LN) INITIATED WITH A BUY RATING AT GOLDMAN SACHS

DAX

Siemens (SIE GY) – Co. have been awarded a USD 171mln contract with the US navy. (Newswires)

OTHER GERMAN COMPANIES

Hella Hueck (HLE GY) – Q1 sales +9.7% to EUR 1.8bln vs. Exp. EUR 1.72bln, adj. earnings before interest and taxes +12% to EUR 140mln. The co. says they have been experiencing a demanding industry which is causing increased uncertainty overall. (Newswires)

BROKER MOVES

CAC

OTHER FRENCH COMPANIES

Air France (AF FP) – The co.’s CEO has said that they French Government should and will not bail out the co. or try to protect it from competition. The CEO also added that the French government is looking at selling their 14% stake. (FT)

BROKER MOVES

PAN EUROPE

TomTom (TOM2 NA) – Co. has announced a review of its Telematics business. (Newswires)

Gemalto (GTO NA) – Estonian police are looking for damages of EUR 152mln for a breach of contract. (Newswires)

SMI

Zurich Insurance (ZURN SW) – The co. have confirmed they are in talks to buy an 80% stake in PT Asuransi Adira Dinamika for USD 414mln. (Newswires)

BROKER MOVES

ADECCO (ADEN SW) DOWNGRADED TO REDUCE FROM HOLD AT KEPLER CHEUVREUX

SCANDINAVIA

Equinor (EQNR NO) – The co. have signed a memorandum of understanding with Petrobras for the provision of offshore wind projects. (Newswires)

Danske (DANSKE DC) – The Danish Tax Agency is reportedly probing links between the Co. and the Panama papers link. (Newswires)

BROKER MOVES

US

* SPX down 0.33% at 2906, NDX flat at 7563, DJI down 0.40% at 26385.

SECTORS: Energy -0.99%, Materials -1.03%, Industrials -0.15%, Cons Discretionary +0.20%, Cons Staples +0.06%, Healthcare +0.20%, Financials -1.27%, Tech -0.41%, Telecoms +0.36%, Utilities -1.04%.

(Newswires)