Infineon Technologies AG logo

IFX - Infineon Technologies AG News Story

€31.35 -0.3  -0.9%

Last Trade - 17/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1054

LIVE MARKETS-On our radar: shoppers, autos, results and dealmaking

Tue 12th November, 2019 7:00am
* European shares seen opening little changed
    * Eyes on Trump speech for news on Sino-US trade talks

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your
thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net   
    
    ON OUR RADAR: SHOPPERS, AUTOS, RESULTS AND DEALMAKING (0700 GMT)
    Turning to the corporate front, shares in consumer-exposed stocks will be on the watchlist
after Alibaba  BABA.N  data showed that Chinese shoppers snapped up food supplements, facial
masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal
 OREP.PA  and Nestle  NESN.S  among the biggest winners.  urn:newsml:reuters.com:*:nL8N27S0TT
    Autos  .SXAP  will also be watched after EU officials said Trump is expected to announce
this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported
from the European Union.  urn:newsml:reuters.com:*:nL2N27S017
    There are also some earnings to digest as the Q3 season draws to its end. Updates this
morning don't look bad.
     Deutsche Post DHL  DPWGn.DE  reported an almost tripling of Q3 quarter operating profit and
said it expected a strong Q4  urn:newsml:reuters.com:*:nS8N27H00N, while utility Uniper  UN01.DE  on Tuesday said it
expects a strong end to the financial year.  urn:newsml:reuters.com:*:nB4N1S1024
    Infineon  IFXGn.DE  however forecast slower growth in the year ahead, seeing no improvement
in the all-important car market and describing the economic environment as "fraught with
uncertainty".  urn:newsml:reuters.com:*:nS8N27H00N
    There's some minor dealmaking t hat could liven up the session: Brewer AB Inbev  ABI.BR 
will buy out Craft Brew Alliance  BREW.O  own in a deal valuing the US company at about $321
million  urn:newsml:reuters.com:*:nL4N27R49Y, while Italy's Mediaset  MS.MI  raised its stake in German rival
ProSiebensat.1  PSMGn.DE  as it presses ahead with plans to create a pan-European TV platform.
 urn:newsml:reuters.com:*:nL8N27R693
    (Danilo Masoni)
    *****
    
    MORNING CALL: FLAT (0634 GMT)
    After a flat close yesterday not much action is expected at the open as well this morning.
    Investors are looking for clearer signals over how Sino-U.S. trade talks are progressing and
Trump's trade speech later today  at the Economic Club of New York will be surely watched.
 urn:newsml:reuters.com:*:nL2N27R10D
    Spreadbetters at IG expect London's FTSE to open flat at 7,328, Frankfurt's DAX to open flat
at 13,199 and Paris' CAC to open 1 point lower at 5,893. 
    Over in Asia, share markets flatlined as uncertainty over Sino-U.S. trade talks and
political strife in Hong Kong dogged sentiment.  MKTS/GLOB 
    (Danilo Masoni)
    *****     

 (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.