Trade The News | Jan 17, 2013 06:43AM ET
SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM
Equities
European equity markets are currently mixed. Germany's DAX has been the underperformer amid declines in shares of heavyweights including Bayer and Volkswagen. Factors which have been prevalent during today's trading session include the weakness in the Japanese yen, European corporate earnings, rise in safe haven government bond yields, and bond auction results out of Spain. Additionally, markets are expected to focus on today's U.S. corporate earnings (which include Bank of America, BlackRock, Citigroup, and UnitedHealth). Chinese Q4 GDP is expected to be the focus for Friday's session.
UK movers [Home Retail +15% (Q3 sales, raised guidance), Capital Drilling +5% (FY results),Associated British Foods +5% (sales update),Petropavlovsk +4% (FY production), NCC +3% (H1 results), Computacenter +2.5% (FY sales), Dixons Retail +1% (sales update); Mothercare -4% (Q3 sales), Aberdeen Asset Management -2% (Q4 trading update), Rio Tinto -2% ($14B non-cash impairment charge), Xstrata -1% (broker commentary)]
Germany movers [ThyssenKrupp +2% (interest in US steel operations), Metro +1% (broker commentary), Lufthansa +0.50% (ahead of CEO commentary); SAP -1.2% (broker commentary)]
France movers [Carrefour +6% (Q4 sales),Veolia Environmental +3.5% (CEO commentary),Remy Cointreau +3% (9-month sales),France Telecom +1.5% (industry consolidation speculation), EADS +1.6% (Airbus 2012 deliveries, Boeing woes)]
Belgium moves [Delhaize +8% (sales update)]
Dutch movers [KPN +3.5% (takeover speculation), Ahold +0.40% (Q4 sales); ASML -3.5% (Q4 results, guidance)]
Italy movers [Telecom Italia Media +3.5% (bid speculation), Pirelli +1.5% (broker commentary)]
Switzerland movers [Galencia +4.5% (FY sales); SGS -1.2% (FY results)]
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