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IFX - Infineon Technologies AG News Story

€31.68 0.1  0.2%

Last Trade - 10:25am

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1053

LIVE MARKETS-On our radar: Broadcom's warning, Swiss Re and UBS

Fri 14th June, 2019 7:16am
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: josephine.mason.thomsonreuters.com@reuters.net ON OUR RADAR: BROADCOM'S WARNING, SWISS RE AND UBS (0615 GMT) As expected, stock futures are indicating a relatively subdued open with futures flat to slightly higher, but investors are waking up to bad news overnight from Broadcom, which became the first chipmaker to disclose damage to business from the U.S. export ban last month on China's Huawei, one of the world's top smartphone makers. After the closing bell, the company known for communications chips that power Wi-Fi, Bluetooth and GPS connectivity in smartphones cut it FY revenue estimate blaming the U.S.-China conflict, effectively dashing hopes of a substantial H2 recovery in semiconductor demand. Its shares were down sharply after hours, dragging competitors with it, and is likely to hurt Infineon, ASM STMicro and chip equipment makers ASML and ASM International. urn:newsml:reuters.com:*:nL4N23K49T It's relatively quiet elsewhere on the news front. Frayed relations have spread to Switzerland. Haitong International, the Hong Kong unit of Chinese brokerage Haitong Securities Co Ltd 600837.SS , has cut ties with UBS UBSG.S following a comment about Chinese pigs by the Swiss bank's global chief economist that was perceived by some as a racist slur. Swiss Re may bring some cheer to the lean IPO market - the Zurich-based insurer has confirmed it wants to float its $4.5 billion UK life assurance business ReAssure with a listing on the London Stock Exchange in July. Here are your early headlines: Swiss Re plans for London listing of $4.5bln ReAssure unit in July urn:newsml:reuters.com:*:nFWN23K0MT Haitong Intl Securities cuts business with UBS after "Chinese pig" comment-sources urn:newsml:reuters.com:*:nB9N23B013 France’s Total close to buying 30% in Adani Gas for more than $800 mln - TOI urn:newsml:reuters.com:*:nL4N23K4UY Shell to invest up to $2.4 bln in Mexican deepwater oil projects Airbus in talks with Indigo Partners on A321XLR sale -sources urn:newsml:reuters.com:*:nL8N23J3QF Acacia investor Odey against any 'best and final' offer from Barrick urn:newsml:reuters.com:*:nL2N23K0QE Bayer says to invest 5 bln euros in new weed killers urn:newsml:reuters.com:*:nFWN23L008 Banks re-open as Hong Kong returns to normal ahead of weekend protest urn:newsml:reuters.com:*:nL4N23K4TO Troubled Kier is preparing to sell its housebuilding unit - The Times urn:newsml:reuters.com:*:nL4N23L01C BRIEF-Volkswagen sets 27-33 euros for Traton truck unit IPO urn:newsml:reuters.com:*:nFWN23L000 Italian motorway companies ASTM, SIAS agree to merge urn:newsml:reuters.com:*:nL8N23K68R (Josephine Mason) ***** SUBDUED OPEN IN EUROPE (0529 GMT) It was a subdued close yesterday and it looks like we might have a repeat on our hands at the open unless key Chinese data (industrial output, retail sales and investment numbers) due out in just under two hours provides any surprises. Economists polled by Reuters expect industrial production in China to have risen 5.5% in May from 5.4% in April and believe retail sales increased 8.1% from 7.2% the previous month. For now, spreadbetters are calling the markets slightly higher, taking their cues from Asia and Wall Street overnight, with oil prices still supported by supply concerns after attacks on tankers in the Gulf of Oman. Financial spreadbetters, IG, expect London's FTSE to open 12 points higher at 7,381, Frankfurt's DAX to open 7 points up at 12,176, and Paris' CAC to open 3 points higher at 5,379. STOXX 600 is on track to notch up gains on the week though as investors continue to bet on easier monetary policy from global central banks. (Josephine Mason) ***** <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Futures https://tmsnrt.rs/2XbyuVQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Danilo Masoni, Helen Reid, Josephine Mason and Thyagaraju Adinarayan)
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