Live Markets: Opening snapshot: Stocks sell off continues...
15/06/2020 08:52
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters. You can share your thoughts Joice Alves (joice.alves@thomsonreuters.com) and
Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo
(stefano.rebaudo@thomsonreuters.com) in Milan.
OPENING SNAPSHOT: STOCKS SELL OFF CONTINUES... (0745 GMT)
European shares slide on fears of second wave of coronavirus cases with Beijing reporting
new infections.
The pan-European index .STOXX fell 2.5% with basic resources .SXPP and travel .SXTP
leading the losses down almost 4%.
In terms of single stocks, BP is down 5% after it said it will incur an up to $17.5 billion
writedown in the value of its assets. urn:newsml:reuters.com:*:nL8N2DS0VA
But on a positive note, Bunzl jumped 8.5% as it forecast an increase in revenue for the
first half of the year, while shares at biopharmaceutical company Ucb jumped 10%.
(Joice Alves)
*****
ON THE RADAR: SENSIRION, EASYJET, ASTRAZENECA and M&A (0645 GMT)
The disconnect between market sentiment and corporate news flow continues with futures
pointing to a start of the week in the red for European bourses as investors fear a second wave
of infections. Meantime, some companies prepare to return to work or engage in M&A deals.
EasyJet resumes flying for the first time since March 30 with COVID-19 measures in place and
Volkswagen will begin sending workers back to plant in Mexico on Tuesday.
urn:newsml:reuters.com:*:nL8N2DQ072 urn:newsml:reuters.com:*:nL1N2DS01Q
Swiss sensor maker Sensirion lifts 2020 outlook as sales skyrocketed on COVID-19 demand
spike for ventilator sensors, while H&M's March-May sales tumble 50%, slightly less than
expected. urn:newsml:reuters.com:*:nL8N2DS0IB urn:newsml:reuters.com:*:nL8N2DS0HL
AstraZeneca signed a contract with European governments to supply the region with its
potential vaccine against the coronavirus. urn:newsml:reuters.com:*:nL8N2DQ0GG
In the M&A world, Cineworld scraps deal to buy Cineplex; while Metro Bank is in exclusive
talks to buy peer-to-peer lender RateSetter and Italy's BPER Banca approved a revised deal with
Intesa Sanpaolo to address antitrust issues in Intesa's takeover bid for UBI Banca. urn:newsml:reuters.com:*:nL4N2DP3RA
urn:newsml:reuters.com:*:nASN000801 urn:newsml:reuters.com:*:nL8N2DR0LO
Germany says coronavirus tracing smartphone app ready to go. Deutsche Telekom and software
company SAP are involved in the project. urn:newsml:reuters.com:*:nL8N2DR0J0
BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its
long-term oil and gas price outlook in expectation of an accelerated transition away from fossil
fuels. The company said that the coronavirus pandemic will accelerate the pace of transition to
a lower-carbon economy. urn:newsml:reuters.com:*:nL8N2DS0VA
(Joice Alves)
*****
MORNING CALL: FEARS OF SECOND WAVES (0545 GMT)
Futures are pointing to a start of the week in the red for European bourses as risk appetite
gets a hit by fears of a second wave of COVID-19 infections after Beijing recorded new
infections in recent days.
Dozens of new cases all linked to a major wholesale food market were enough to encourage
investors to seek for safe-heavens across the world as authorities in China locked down housing
districts near the market. urn:newsml:reuters.com:*:nL4N2DR0AO
News flow in Europe could help to improve the mood as countries are easing border controls
and the UK opens its shops. urn:newsml:reuters.com:*:nL8N2DP48Y
Global coronavirus cases have crossed 7.86 million with 430,501 deaths, according to a
Reuters tally. urn:newsml:reuters.com:*:nL4N2AY3AS
(Joice Alves)
*****
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