dpa-AFX NEWSTICKER (product sample)

18.02.2020

Agilent Technologies Q1 adjusted earnings Inline With Estimates

SANTA CLARA (dpa-AFX) - Agilent Technologies (A) released earnings for first quarter that dropped from last year.The company's profit came in at $197 million, or $0.63 per share. This compares with $504 million, or $1.57 per share, in last year's first quarter.Excluding items, Agilent Technologies reported adjusted earnings of $252 million or $0.81 per share for the period. Analysts had expected the company to earn $0.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.The company's revenue for the quarter rose 6.2% to $1.36 billion from $1.28 billion last year.Agilent Technologies earnings at a glance:-Earnings (Q1): $252 Mln. vs. $244 Mln. last year.-EPS (Q1): $0.81 vs. $0.76 last year.-Analysts Estimate: $0.81-Revenue (Q1): $1.36 Bln vs. $1.28 Bln last year. -Guidance:Next quarter EPS guidance: $0.72 - $0.76Next quarter revenue guidance: $1.28 - $1.32 BlnFull year EPS guidance: $3.38 - $3.43 Full year revenue guidance: $5.50 - $5.55 BlnCopyright RTT News/dpa-AFX
18.02.2020

Amedisys Q4 adjusted earnings Beat Estimates

WASHINGTON (dpa-AFX) - Below are the earnings highlights for Amedisys (AMED):-Earnings: $27.66 million in Q4 vs. $27.46 million in the same period last year. -EPS: $0.83 in Q4 vs. $0.84 in the same period last year. -Excluding items, Amedisys reported adjusted earnings of $31.07 million or $0.94 per share for the period. -Analysts projected $0.93 per share -Revenue: $500.68 million in Q4 vs. $434.38 million in the same period last year.Copyright RTT News/dpa-AFX
18.02.2020

Devon Energy Corp. Q4 adjusted earnings of $0.33 per share

OKLAHOMA CITY (dpa-AFX) - Below are the earnings highlights for Devon Energy Corp. (DVN):-Earnings: -$642 million in Q4 vs. $1149 million in the same period last year. -EPS: -$1.70 in Q4 vs. $2.48 in the same period last year. -Excluding items, Devon Energy Corp. reported adjusted earnings of $128 million or $0.33 per share for the period. -Revenue: $1.59 billion in Q4 vs. $3.53 billion in the same period last year.Copyright RTT News/dpa-AFX
18.02.2020

EARNINGS SUMMARY: Details of TIVO INC Q4 Earnings Report

WASHINGTON (dpa-AFX) - Below are the earnings highlights for TIVO INC (TIVO):-Earnings: -$222.49 million in Q4 vs. -$288.21 million in the same period last year. -EPS: -$1.75 in Q4 vs. -$2.33 in the same period last year. -Revenue: $175.20 million in Q4 vs. $168.46 million in the same period last year.Copyright RTT News/dpa-AFX
18.02.2020

Extra Space Storage Inc. Q4 adjusted earnings of $1.27 per share

WASHINGTON (dpa-AFX) - Extra Space Storage Inc. (EXR) released a profit for its fourth quarter that increased from the same period last year.The company's bottom line came in at $112.28 million, or $0.86 per share. This compares with $101.46 million, or $0.80 per share, in last year's fourth quarter.Excluding items, Extra Space Storage Inc. reported adjusted earnings of $176.20 million or $1.27 per share for the period. The company's revenue for the quarter rose 9.3% to $335.80 million from $307.35 million last year.Extra Space Storage Inc. earnings at a glance:-Earnings (Q4): $176.20 Mln. vs. $165.49 Mln. last year.-EPS (Q4): $1.27 vs. $1.22 last year.-Revenue (Q4): $335.80 Mln vs. $307.35 Mln last year.Copyright RTT News/dpa-AFX
18.02.2020

Concho Resources Inc. Q4 adjusted earnings Beat Estimates

WASHINGTON (dpa-AFX) - Below are the earnings highlights for Concho Resources Inc. (CXO):-Earnings: -$471 million in Q4 vs. $1513 million in the same period last year. -EPS: -$2.38 in Q4 vs. $7.55 in the same period last year. -Excluding items, Concho Resources Inc. reported adjusted earnings of $206 million or $1.03 per share for the period. -Analysts projected $0.79 per share -Revenue: $1.25 billion in Q4 vs. $1.07 billion in the same period last year.Copyright RTT News/dpa-AFX
18.02.2020

Dell To Sell Cybersecurity Division RSA For $2.075 Bln

ROUND ROCK (dpa-AFX) - A consortium led by Symphony Technology Group, Ontario Teachers' Pension Plan Board and AlpInvest Partners have agreed to buy Dell Technologies' (DELL) cybersecurity division RSA in an all-cash transaction for $2.075 billion.The deal includes the purchase of RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Conference. The deal is expected to close in the next six to nine months. Terms of the agreement were not disclosed. RSA provides risk, security and fraud teams with the ability to manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention. 'As one of the world's elite security brands, RSA represents a great opportunity for solving some of the rapidly developing customer challenges that go along with digital transformation,' said William Chisholm, Managing Partner at Symphony Technology Group. 'We are excited and fully committed to maximizing the power of RSA's talent, expertise and tremendous growth potential and continuing RSA's strategy to serve customers with a holistic approach to managing their digital risk.'The transaction is subject to customary conditions. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Dell Technologies. Hogan Lovells is acting as legal advisor to Dell Technologies.Copyright RTT News/dpa-AFX
18.02.2020

Stock Alert: Apple Tumbles After Warning About Coronavirus Impact

CUPERTINO (dpa-AFX) - Apple Inc. (AAPL) is down nearly 3% on Tuesday morning after the iPhone maker said it would probably won't meet sales guidance due to coronavirus impact. The Cupertino, California-based company said it would not be able to meet its previously issued revenue guidance of between $63 billion to $67 billion for the quarter ending in March. The tech giant cited the worldwide iPhone supply shortages due to the production disruption in China, as well as weakened demand among Chinese consumers due to the coronavirus. 'Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated,' the company said. Apple temporarily closed all of its stores in China. The company said it is gradually reopening stores, but those locations have been operating at reduced hours and with very low customer traffic. Analysts polled by Thomson Reuters currently expect the company to report revenues of $65.26 billion for the quarter. Analysts' estimates typically exclude special items. AAPL is currently trading at $316.98, down $7.97 or 2.45%, on the Nasdaq.Copyright RTT News/dpa-AFX
18.02.2020

PG&E Q4 Loss Narrows; Stock Down

WASHINGTON (dpa-AFX) - PG&E Corp. (PCG) reported that its net loss attributable to common shareholders for the fourth quarter of 2019 narrowed to $3.6 billion or $6.84 per share, from $6.9 billion or $13.24 per share last year.In Tuesday pre-market trade, PCG is trading at $15.81, down $0.39 or 2.41 percent.Quarterly non-GAAP core earnings were $360 million or $0.68 per share, compared to $417 million or $0.80 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the fourth-quarter. Analysts' estimates typically exclude special items.The decrease in non-GAAP core earnings per share was primarily driven by the absence of 2018 short-term incentive compensation, 2019 interest on pre-petition payables and short-term debt, and 2019 vegetation management costs. The decrease in non-GAAP core earnings per share was partially offset by the probable recovery of 2019 insurance premiums above amounts included in authorized revenue requirements and by the growth in rate base earnings.PG&E believes it remains on track to have its Chapter 11 Plan confirmed by June 30, 2020, the deadline for participating in the state's new wildfire fund under the terms of Assembly Bill ('AB') 1054.PG&E has provided 2020 non-core items guidance of about $1.4 billion after-tax for Chapter 11-related costs, wildfire fund-related costs, investigation remedies and delayed cost recoveries, and GT&S capital audit.Copyright RTT News/dpa-AFX
18.02.2020

Tesla Ordered To Stop Work At German Gigafactory Site: Reports

BERLIN (dpa-AFX) - Tesla has been ordered to stop work at the site of its proposed $4-billion Gigafactory in the German state of Brandenburg due to environmental concerns, according to reports. The proposed factory was going to be Tesla's first Gigafactory in Europe and its fourth in the world.On Saturday, a German court reportedly ordered the luxury electric car maker to stop cutting down trees on the 300-hectare site for the new manufacturing plant until the court considers an appeal by environmental group Green League Brandenburg.Green League has alleged that the factory could pollute the area's drinking water, while other environmental activist groups have voiced concerns that the deforestation could threaten local wildlife.However, Tesla says on its website that it plans to replant an area three times as large as the factory site.Tesla has still not received permission to build the factory, but has been allowed to make site preparations at its own risk, according to reports.In November 2019, Tesla CEO Elon Musk had announced plans to build its next factory in Germany, which would be a 'Gigafactory.' Musk also said Tesla was planning an engineering and design center near Berlin's new airport.Tesla plans to make its Model 3 electric sedans and the Model Y, a crossover SUV, at the German factory.For years, Musk has talked about his plans for a European factory. Tesla, in 2016, acquired a German manufacturing and automation design firm, Grohmann Engineering, following which Musk suggested Germany would be the location for its first European factory.Tesla has two other vehicle factories in the U.S. and one in China. The multi-billion dollar Gigafactory in Shanghai is Tesla's first outside the U.S. Construction of the plant began in January 2019 and production commenced in October.Tesla delivered its first set of cars built in the Chinese factory in late December 2019.Copyright RTT News/dpa-AFX
18.02.2020

U.S. Stocks Close Mostly Lower After Warning From Apple

WASHINGTON (dpa-AFX) - Stocks moved mostly lower during trading on Tuesday as traders returned to their desks following the long holiday weekend. While the Nasdaq managed to end the day slightly higher, the Dow and the S&P 500 closed in negative territory.The Nasdaq inched up 1.57 points or less than a tenth of a percent to 9,732.74, but the Dow slid 165.69 points or 0.6 percent to 29,232.39 and the S&P 500 fell 9.87 points or 0.3 percent to 3,370.29.The weakness on Wall Street came after tech giant Apple (AAPL) warned of weaker than previously forecast second quarter revenue.Apple said it expects to miss its forecast for second quarter revenue of $63 billion to $67 billion due to lower iPhone production and weak Chinese demand as a result of the coronavirus outbreak.Disappointing earnings news from Walmart (WMT) also weighed on the markets after the retail giant reported weaker than expected fourth quarter results and provided disappointing guidance.Meanwhile, the Federal Reserve Bank of New York released a report showing growth in New York manufacturing activity saw a notable acceleration in the month of February.The New York Fed said its general business conditions index climbed to 12.9 in February from 4.8 in January, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to inch up to 5.0.The bigger than expected increase by the headline index came as the new orders index shot up 16 points to 22.1 and the shipments index climbed to 18.9.A separate report from the National Association of Home Builders showed a slight deterioration in homebuilder confidence in the month of February.In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday. Japan's Nikkei 225 Index slumped by 1.4 percent, while Hong Kong's Hang Seng Index tumbled by 1.5 percent.The major European markets also moved to the downside on the day. While the French CAC 40 Index fell by 0.5 percent, the U.K.'s FTSE 100 Index and the German DAX Index slid by 0.7 percent and 0.8 percent, respectively.In the bond market, treasuries moved higher over the course of the trading session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dropped 3.2 basis points to 1.556 percent.Copyright RTT News/dpa-AFX
18.02.2020

Swiss Market Snaps 3-day Winning Streak, Ends Weak

BRUSSELS (dpa-AFX) - The Switzerland stock market ended weak on Tuesday, in line with the trend seen across Europe, after Apple Inc warned of a fall in revenue in the March-quarter due to the coronavirus outbreak.The benchmark SMI ended down 22.17 points, or 0.2%, at 11,146.28, after scaling a low of 11,094.09 and a high of 11,178.65 in the session.On Monday, the SMI ended up 39.64 points, or 0.36%, at 11,168.45.Richemont and Swatch Group, both ended lower by 2.5%. Adecco declined nearly 2%, while LafargeHolcim, Sika and Geberit lost 1.5 to 1.6%.UBS Group ended lower by about 1%. ABB, SGS and Credit Suisse also ended weak.Lonza Group, Roche Holding and Swisscom gained 0.5 to 0.7%. Among midcap stocks, Vifor Pharma declined 5.5%. Georg Fischer ended 3.1% down, while Julius Baer and VAT Group both ended lower by 2.3%.Logitech, AMS, Dorma Kaba Holding, OC Oerlikon, Bucher Industries, Schindler Ps and BB Biotech lost 1 to 2%.Sonova declined 0.7% despite the company raising its profit outlook for the 2019-2020 business year. Straumann Holding gained more than 2% after reporting a 17% growth in full-year revenue.Flughafen Zurich and Lindt & Spruengli gained 1.1% and 1%, respectively.Among the other major markets in Europe, the U.K., Germany and France all closed notably lower. The U.K.'s FTSE 100 ended down 0.69%, Germany's DAX declined 0.75% and France's CAC 40 closed lower by 0.48%. The pan European Stoxx 600 declined 0.38%.Copyright RTT News/dpa-AFX
18.02.2020

European Markets Close Weak

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets ended lower on Tuesday, weighed down by concerns over the potential impact of the coronavirus outbreak in China on the global economy, Apple Inc's sales warning, and some disappointing quarterly earnings reports.Data showing a deterioration in German investor confidence hurt as well.The pan European Stoxx 600 declined 0.38%. The U.K.'s FTSE 100 ended down 0.69%, Germany's DAX declined 0.75% and France's CAC 40 closed lower by 0.48%, while Switzerland's SMI eased 0.2%.Among other markets in Europe, Austria, Belgium, Finland, Greece, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden and Turkey closed weak.Denmark, Iceland and Italy ended on a positive note, while Czech Republic and Ireland ended flat.Automobile shares ended mostly lower after industry data showed Europe's passenger car demand dropped in January. Passenger car registrations contracted 7.5% year-on-year in January due to the uncertainty caused by U.K.'s departure from the European Union and weakening of global economic conditions.Car sales dropped 13.4% year-on-year in France, the strongest fall among the main markets, and by 7.6% in Spain. Sales declined by 7.3% in Germany and 5.9% in Italy. In the German market, HeidelbergCement, Daimler, Deutsche Post, Deutsche Bank, Infineon and Adidas lost 2 to 3%. BMW, Wirecard, Volkswagen, Continental and BASF also declined sharply, while RWE, Deutsche Telekom and Vonovia posted strong gains.In France, Renault declined more than 6%. Technip eased by about 3.1%. ArcelorMittal, Saint Gobain, Credit Agricole, Kering, Bouygues and Legrand lost 1.4 to 2.8%.Carrefour gained about 3.5%. Sanofi and Engie also ended notably higher.In the UK market, HSBC plunged more than 6.5% after the bank said its net profit plunged 53% in fiscal 2019 due to a substantial amount of goodwill impairment. Glencore, Auto Traders, Antofagasta and Smurfit Kappa ended lower by 3 to 4.5%. The downtrend in European markets was due largely to Apple Inc's warning that it would not meet its guidance for March-quarter revenue because of slower iPhone production.Reports that the U.S. may force global chipmakers using American-made equipment to obtain licenses before supplying chips to Huawei hurt as well.In economic news, Germany's economic sentiment logged a steep fall in February as investors increasingly grew concerned about the impact of the coronavirus outbreak in China, results of a closely watched survey showed on Tuesday.The investor confidence indicator slumped to 8.7 from 26.7 in January, survey results from the ZEW - Leibniz Centre for European Economic Research revealed. The latest score was the weakest since November, when it was -2.1.The reading was much worse than the 21.5 economists had expected.The current conditions index of the survey fell to -15.7 from -9.5 in January. Economists had forecast a score of -10.3.UK employment increased further in the three months to December to set a fresh record, while joblessness remained unchanged, indicating the resilience of the labor market amid the uncertainty surrounding Brexit and the general election.The number of employed rose 180,000 from the previous three months, figures from the Office for National Statistics showed on Tuesday, which exceeded the 145,000 growth economists had forecast.The employment rate rose by 0.4 percentage points to a record high of 76.5%.Copyright RTT News/dpa-AFX
18.02.2020

U.S. Stocks May See Initial Weakness On Apple Warning

WASHINGTON (dpa-AFX) - With traders returning to their desks following the long holiday weekend, stocks are likely to move to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 135 points.The downward momentum on Wall Street comes after tech giant Apple (AAPL) warned of weaker than previously forecast second quarter revenue.Apple said it expects to miss its forecast for second quarter revenue of $63 billion to $67 billion due to lower iPhone production and weak Chinese demand as a result of the coronavirus outbreak.Disappointing earnings news from Walmart (WMT) may also weigh on the markets after the retail giant reported weaker than expected fourth quarter results and provided disappointing guidance.Meanwhile, the Federal Reserve Bank of New York released a report showing growth in New York manufacturing activity saw a notable acceleration in the month of February.The New York Fed said its general business conditions index climbed to 12.9 in February from 4.8 in January, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to inch up to 5.0.The bigger than expected increase by the headline index came as the new orders index shot up 16 points to 22.1 and the shipments index climbed to 18.9.Shortly after the start of trading, the National Association of Home Builders is scheduled to release its report on homebuilder confidence in the month of February. Economists expect the housing market to come in unchanged in February after slipping to 75 in January.Following the volatility seen over the course of Thursday's session, stocks continue to experience choppy trading on Friday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing mixed.While the Dow edged down 25.23 points or 0.1 percent to 29,398.08, the Nasdaq inched up 19.21 points or 0.2 percent to 9,731.18 and the S&P 500 crept up 6.22 points or 0.2 percent to 3,380.16.Despite the mixed performance on the day, the major averages all moved higher for the week. While the Nasdaq soared by 2.2 percent, the S&P 500 surged up by 1.6 percent and the Dow jumped by 1 percent.In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Tuesday. Japan's Nikkei 225 Index slumped by 1.4 percent, while Hong Kong's Hang Seng Index tumbled by 1.5 percent.The major European markets have also moved to the downside on the day. While the French CAC 40 Index has fallen by 0.4 percent, the German DAX Index and the U.K.'s FTSE 100 Index are down by 0.7 percent and 0.8 percent, respectively.In commodities trading, crude oil futures are sliding $1.07 to $50.98 a barrel after climbing $0.63 to $52.05 a barrel last Friday. Meanwhile, an ounce of gold is trading at $1,594, up $7.60 from the previous session's close of $1,586.40. On Friday, gold rose $7.60.On the currency front, the U.S. dollar is trading at 109.78 yen compared to the 109.88 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.0801 compared to last Friday's $1.0836.Copyright RTT News/dpa-AFX
18.02.2020

Wall Street Targets To Open Lower

WASHINGTON (dpa-AFX) - Empire State Manufacturing Survey report and Housing Market Index for February are the major economic announcements that might influence the market sentiments on Tuesday. Apple Inc's warning on revenue miss amid weakening demand and production crisis in China is closely watched by the investors. The Corona virus outbreak continues to be a blow to Chinese and other Asian economies. After the long weekend, the initial signs from the U.S. Futures Index suggest that Wall Street might open lower. Asian signs finished mostly lower, while European shares are trading down. As of 8.05 am ET, the Dow futures were declining 169.00 points, the S&P 500 futures were losing 15.25 points and the Nasdaq 100 futures were down 60.00 points. The U.S. major stocks closed broadly higher on Friday. The Dow edged down 25.23 points or 0.1 percent to 29,398.08, the Nasdaq inched up 19.21 points or 0.2 percent to 9,731.18 and the S&P 500 crept up 6.22 points or 0.2 percent to 3,380.16.In the corporate sector, the New York Fed's Empire State Manufacturing Survey for February will be issued at 8.30 am ET. The consensus is for a growth of 4.0, lower that 4.8 recorded in the prior month. National Association of Home Builders/Wells Fargo's Housing Market Index for February will be released at 10.00 am ET. The consensus is for 75, unchanged from the prior month. Treasury International Capital for December will be published at 4.00 pm ET. In the prior month, the foreign demand for long term U.S. securities was $22.9 billion. Minneapolis Fed President Neel Kashkari will speak at 2.00 pm ET. Asian stocks ended broadly lower on Tuesday after Apple warned about its quarterly revenue. Chinese stocks reversed early losses to finish marginally higher. The benchmark Shanghai Composite index inched up 1.35 points to 2,984.97, while Hong Kong's Hang Seng index fell 1.54 percent to 27,530.20.Japanese shares lost ground. The Nikkei average gave up 329.44 points, or 1.4 percent, to finish at a two-week low of 23,193.80, while the broader Topix index ended down 22.06 points, or 1.31 percent, at 1,665.71, its lowest close since late October.Australian markets edged lower. The benchmark S&P/ASX 200 index dropped 11.40 points, or 0.16 percent, to 7,113.70 while the broader All Ordinaries index ended down 12.90 points, or 0.18 percent, at 7,208.30. Trading activity was subdued due to a public holiday in the United States on Monday.European shares are down. France's CAC 40 is losing 28.71 points or 0.47 percent. Germany's DAX is down 107.09 points or 0.77 percent. FTSE 100 of U.K. is declining 61.44 points or 0.83 percent. Swiss Market Index is down 29.39 points or 0.27 percent. Eurozone's leading Blue Chip index, Euro Stoxx 50, is sliding 0.50 percent.Copyright RTT News/dpa-AFX
18.02.2020

European Shares Fall As Apple Warns On Coronavirus Impact

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks edged lower on Tuesday, with technology and mining stocks pacing the declines, after Apple Inc became the latest company to warn of trouble from the coronavirus outbreak, saying it would not meet its guidance for March-quarter revenue because of slower iPhone production.Germany's ZEW survey results will be out later today, while the Federal Reserve will publish minutes of the most recent policy meeting on Wednesday. Group of 20 finance ministers and central bank chiefs are scheduled to meet Feb. 22-23 in Riyadh, Saudi Arabia, to discuss efforts to support growth amid the coronavirus threat.The pan-European Stoxx 600 dropped half a percent to 429.65 after rising 0.3 percent in the previous session. The German DAX shed 0.7 percent, France's CAC 40 index was down 0.6 percent and the U.K.'s FTSE 100 gave up half a percent. Technology stocks fell broadly, with STMicroelectronics NV losing 2 percent and Dialog Semiconductor falling as much as 5.6 percent. Infineon Technologies shares declined 2.3 percent. French speed-train maker Alstom slumped 5 percent. The company has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec for the acquisition of Bombardier Transportation.Automaker Renault lost 5 percent and Peugeot dropped 1.8 percent after industry data showed Europe's passenger car demand dropped in January. German automakers BMW, Daimler and Volkswagen were down 1-2 percent. Passenger car registrations contracted 7.5 percent year-on-year in January due to the uncertainty caused by U.K.'s departure from the European Union and weakening of global economic conditions.Car sales dropped 13.4 percent year-on-year in France, the strongest fall among the main markets, and by 7.6 percent in Spain. Sales declined by 7.3 percent in Germany and 5.9 percent in Italy.Miners fell on concerns over an economic slowdown. Anglo American lost 1.8 percent, Antofagasta gave up 2 percent and Glencore tumbled 2.7 percent. Glencore today reported its first annual net loss since 2015 after writing down $2.8 billion in coal, oil and copper assets. BHP declined 1.8 percent after reporting its half-year results. Asia-focused lender HSBC Holdings plummeted 5.7 percent. The bank's net profit for 2019 plunged 53 percent due to a substantial amount of goodwill impairment.Copyright RTT News/dpa-AFX
18.02.2020

FTSE 100 Slides As Miners Drag

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks declined on Tuesday as coronavirus worries persisted, with iPhone maker Apple warning that it was unlikely to meet its March quarter sales forecast.A mixed earnings update from InterContinental Hotels also dented investor sentiment. The hotel group posted improved profits last year, but full-year revenue per available room declined due to macro and geopolitical factors, and ongoing unrest in Hong Kong. The benchmark FTSE 100 dropped 0.55 percent to 7,392 after rising around 0.3 percent on Monday. Shares of InterContinental Hotels Group declined half a percent. Miners fell on concerns over an economic slowdown. Anglo American lost 1.8 percent, Antofagasta gave up 2 percent and Glencore tumbled 2.7 percent. Glencore today reported its first annual net loss since 2015 after writing down $2.8 billion in coal, oil and copper assets. BHP declined 1.8 percent after reporting its half-year results. Asia-focused lender HSBC Holdings plummeted 5.7 percent. The bank's net profit for 2019 plunged 53 percent due to a substantial amount of goodwill impairment.Grainger, a provider of private rental homes in U.K, rose half a percent after it agreed to forward fund and acquire a 348-home PRS or 'build to rent' development from Blocwork LLP for 55.6 million pounds.Copyright RTT News/dpa-AFX
18.02.2020

CAC 40 Slides As Automakers Drag

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks retreated on Tuesday as China reported 98 new deaths from coronavirus, taking the total in mainland China to 1,868. More than 72,000 people have now been infected in China and hundreds more abroad.The World Health Organization has warned against a global over-reaction to the new coronavirus epidemic and said that measures should be taken proportional to the situation. 'Blanket measures may not help,' WHO chief Tedros Adhanom Ghebreyesus told reporters in Geneva.Meanwhile, Apple Inc has warned that it was unlikely to meet its March quarter sales forecast due to production delays caused by the deadly virus outbreak. The benchmark CAC 40 was down 31 points, or 0.51 percent, to 6,055 after rising around 0.3 percent in the previous session. Speed-train maker Alstom slumped 4.6 percent. The company has signed a Memorandum of Understanding with Bombardier Inc. and Caisse de dépôt et placement du Québec for the acquisition of Bombardier Transportation.Automaker Renault lost 4.7 percent and Peugeot dropped 1.6 percent after industry data showed Europe's passenger car demand dropped in January.Passenger car registrations contracted 7.5 percent year-on-year in January due to the uncertainty caused by U.K.'s departure from the European Union and weakening of global economic conditions.Car sales dropped 13.4 percent year-on-year in France, the strongest fall among the main markets, and by 7.6 percent in Spain. Sales declined by 7.3 percent in Germany and 5.9 percent in Italy.Copyright RTT News/dpa-AFX
18.02.2020

DAX Inches Lower As Apple Warns On Revenue Guidance

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks declined on Tuesday after Apple Inc became the latest company to warn of trouble from the coronavirus outbreak, saying it would not meet its guidance for March-quarter revenue because of slower iPhone production.The benchmark DAX fell 86 points, or 0.63 percent, to 13,696 after rising 0.3 percent the previous day. Technology companies were moving lower, with Infineon Technologies losing 2.6 percent and Dialog Semiconductor falling nearly 5 percent. Deutsche Börse Group shed 0.7 percent after reporting its fourth-quarter results. Telefonica Deutschland Holding edged down slightly. The company announced that Peter Löscher will succeed Laura Abasolo García de Baquedano as member of the Supervisory Board with effect as of April 1, 2020.HeidelbergCement declined 1.7 percent. The company reported that its fourth-quarter result from current operations grew 3 percent to 603 million euros from last year's 584 million euros.Copyright RTT News/dpa-AFX
18.02.2020

Asian Shares Mostly Lower After Apple Warning

CANBERA (dpa-AFX) - Asian stocks ended broadly lower on Tuesday after Apple Inc warned it was unlikely to meet a sales target set just three weeks ago and reports suggested the Trump administration may force global chipmakers using American-made equipment to obtain licenses before supplying their chips to Huawei.It was also said that Washington is considering blocking exports of jet engines made by General Electric Co., which could limit China's efforts to develop its own passenger jets.Chinese stocks reversed early losses to finish marginally higher. The benchmark Shanghai Composite index inched up 1.35 points to 2,984.97, while Hong Kong's Hang Seng index fell 1.54 percent to 27,530.20.Japanese shares lost ground after Apple warned about its quarterly revenue. The Nikkei average gave up 329.44 points, or 1.4 percent, to finish at a two-week low of 23,193.80, while the broader Topix index ended down 22.06 points, or 1.31 percent, at 1,665.71, its lowest close since late October.Apple suppliers TDK Corp., Murata Manufacturing and Taiyo Yuden lost 3-6 percent. Semiconductor equipment supplier Tokyo Electron slumped 4.8 percent and semiconductor test equipment maker Advantest plummeted 5.8 percent. Heavyweight SoftBank Group declined 4.9 percent after Indian startup Oyo Hotels and Homes, one of the SBG's high-profile bets, said losses surged sevenfold last fiscal.Australian markets edged lower, with technology stocks falling heavily after Apple Inc flagged a revenue miss amid weakening demand and production in China from the coronavirus outbreak, which has so far killed more than 1,800 people in the country. The benchmark S&P/ASX 200 index dropped 11.40 points, or 0.16 percent, to 7,113.70 while the broader All Ordinaries index ended down 12.90 points, or 0.18 percent, at 7,208.30. Trading activity was subdued due to a public holiday in the United States on Monday.Shares of Altium slumped 7.9 percent after the design software company warned that its revenue for the full year will be at the lower end of its guidance range due to the impact of the coronavirus in China. Appen lost 4.2 percent.Ansell shares tumbled almost 3 percent. The surgical gloves and protective clothing group said overall the coronavirus would have a mixed impact on it and 'a minimal net impact' on annual results.Supermarket giant Coles Group declined 1 percent after posting near-flat half-year earnings. BHP Group edged up 0.8 percent as the miner reported a 39 percent jump in its half-year profit. Rival Rio Tinto gained half a percent and Fortescue Metals Group climbed 1.3 percent. Seven West Media plunged more than 21 percent after the media firm reported a first-half statutory loss on lower revenues and said it will not pay an interim dividend. The Aussie dollar has turned lower after the Reserve Bank of Australia revealed in the minutes from its rate decision last meeting that 'a further reduction in interest rates could encourage additional borrowing at a time when there was already a strong upswing in the housing market amid rising house prices.'Seoul stocks fell sharply after reports suggested that the Trump administration is considering new restrictions on exports of cutting-edge technology to China in a move targeting Huawei Technologies Co., China's largest smartphone maker. The Kospi index tumbled 33.29 points, or 1.48 percent, to close at 2,208.88. Market kingpin Samsung Electronics gave up 2.8 percent and No. 2 chipmaker SK Hynix lost 2.9 percent. Leading carmaker Hyundai Motor dropped 2.2 percent and auto parts maker Hyundai Mobis shed 1.5 percent.New Zealand shares hit a record high after a report from the Chinese Center for Disease Control and Prevention said more than 80 percent of the novel coronavirus disease have been mild and new ones seem to be falling since early this month. The benchmark NZX 50 index rose 61.86 points, or 0.52 percent, to 11,935.84.Copyright RTT News/dpa-AFX
18.02.2020

Euro Slides As German Investor Morale Deteriorates On Coronavirus Fears

CANBERA (dpa-AFX) - The euro fell sharply against its major counterparts in the European session on Tuesday, as German investor sentiment worsened in February to the weakest since November last year, citing worries about the coronavirus outbreak in China.Survey results from the ZEW - Leibniz Centre for European Economic Research showed that the investor confidence indicator slumped to 8.7 from 26.7 in January. The February reading was much worse than the 21.5 economists had expected.For Eurozone, the investor confidence index dropped sharply to 10.4 from 25.6 in January. Economists had forecast a reading of 30 for the month.The sell-off in the euro further intensified amid falling European shares, as Apple said it would not meet its revenue guidance for the second quarter due to slower iPhone production.The euro exhibited mixed trading in the previous session, by falling against the greenback and the yen but holding steady against the franc and the pound.The euro was down at 1.0822 versus the dollar, its lowest level since April 2017. That marked a 0.1 percent drop from yesterday's closing value of 1.0835. The euro is seen finding support around the 1.06 mark.The EUR/JPY pair dropped 0.3 percent, touching more than a 4-month low of 118.71. At Monday's close, the pair was valued at 119.05. Immediate support for the euro is possibly seen around the 116.00 level.The euro weakened to a session's low of 0.8303 against the pound, after a rally to 0.8348 at 3:45 am ET, the highest since February 13. The pair had finished yesterday's trading at 0.8330. On the downside, support is seen near the 0.80 mark.The single currency pulled back to 1.4348 against the loonie and 1.6191 against the aussie, from a 4-day high of 1.4371 and a 6-day high of 1.6229, respectively seen earlier in the trading session. At yesterday's trading close, the euro was worth 1.4339 a loonie and 1.6138 per aussie. Further decline in the euro may locate support around 1.40 against the loonie and 1.58 against the aussie.After a brief rise to 1.0629 against the franc, the euro dropped back and held near a 4-day low of 1.0615. The euro was trading at 1.0621 versus the franc at Monday's close. The euro is likely to face support around the 1.04 region, if it depreciates further.On the flip side, the euro was higher at a 6-day high of 1.6946 against the kiwi, as worries about Apple's profit warning knocked down the Asian currency. The euro-kiwi pair was trading at 1.6833 at yesterday's close. Next near-term resistance for the euro is likely seen around the 1.72 level.On the economic front, Canada manufacturing sales for December, New York Fed's empire manufacturing data and NAHB housing market index for February are scheduled for release in the New York session.Copyright RTT News/dpa-AFX
18.02.2020

Euro Ticks Down After German ZEW Economic Sentiment Index

BRUSSELS (dpa-AFX) - Following the release of German ZEW economic sentiment index for February at 5:00 am ET Tuesday, the euro edged down against its major rivals.The euro was trading at 1.0824 against the greenback, 118.74 against the yen, 1.0617 against the franc and 0.8329 against the pound around 5:02 am ET.Copyright RTT News/dpa-AFX
18.02.2020

Euro Pulls Back Vs Most Majors Before German ZEW Survey

BRUSSELS (dpa-AFX) - German ZEW economic sentiment index for February are due out at 5:00 am ET Tuesday. Ahead of the data, the euro traded mixed against its major rivals. The euro held steady against the franc but pulled back against the greenback, the yen and the pound. The euro was worth 1.0827 against the greenback, 118.81 against the yen, 1.0622 against the franc and 0.8337 against the pound as of 4:55 am ET.Copyright RTT News/dpa-AFX
18.02.2020

Pound Little Changed Following U.K. Unemployment Rate

BRUSSELS (dpa-AFX) - The U.K. ILO unemployment rate for three months ended December and claimant count rate for January have been released at 4:30 am ET Tuesday. The pound changed little against its major rivals after the data.The pound was trading at 1.2992 against the greenback, 142.55 against the yen, 1.2741 against the franc and 0.8335 against the euro around 4:32 am ET.Copyright RTT News/dpa-AFX
18.02.2020

Pound Mixed Ahead Of U.K. Unemployment Rate

BRUSSELS (dpa-AFX) - The U.K. ILO unemployment rate for three months ended December and claimant count rate for January are due at 4:30 am ET Tuesday. Ahead of the data, the pound traded mixed against its major rivals. While the pound dropped against the yen and the franc, it recovered against the greenback and the euro. The pound was worth 1.2999 against the greenback, 142.59 against the yen, 1.2743 against the franc and 0.8331 against the euro as of 4:25 am ET.Copyright RTT News/dpa-AFX
18.02.2020

Chinese Yuan Slides To Near 2-week Low Against U.S. Dollar

BEIJING (dpa-AFX) - The Chinese yuan underperformed against the U.S. dollar in the Asian session on Tuesday, as investors assessed the potential impact of the coronavirus on economy.The yuan declined to near a 2-week low of 7.0041 against the greenback from yesterday's closing quote of 6.9805. Immediate support for the yuan is seen around the 7.02 mark.The People's Bank of China set today's central parity rate of the yuan at 6.9826 per dollar, compared to Monday's rate of 6.9795. The Chinese central bank sets central parity rate every morning and allows the yuan to fluctuate up to 2 percent from that level.Copyright RTT News/dpa-AFX
18.02.2020

Commodity Currencies Lower After Apple Warning

CANBERA (dpa-AFX) - The commodity currencies such as the Australian, the New Zealand and the Canadian dollars fell against their major counterparts in the Asian session on Tuesday, as risk sentiment faded amid coronavirus concerns and as tech giant Apple warned it does not expect to achieve its revenue forecast for the March quarter due to lower iPhone sales and weak Chinese demand.Asian stocks were mostly lower after Apple said it would not meet its revenue guidance for the second quarter due to lower smartphone demand, and temporary work slowdowns related to coronavirus outbreak in China.The warning offset investor optimism about economic stimulus from Beijing to mitigate the fallout from the coronavirus outbreak.The Chinese government said that the virus has killed 1,868 people and infected 72,436 so far.Worries intensified after the director of Wuchang Hospital in Wuhan has died from virus despite rescue efforts.Reversing from its early highs of 0.6715 versus the greenback and 73.78 against the yen, the aussie dropped to a 1-week low of 0.6684 and an 8-day low of 73.30, respectively. On the downside, 0.64 and 72.00 are likely seen as the next support levels for the aussie against the greenback and the yen, respectively.After rising to 1.6131 against the euro and 0.8888 against the loonie earlier in the session, the aussie weakened to a 5-day low of 1.6201 and more than a 2-week low of 0.8859, respectively. Extension of downtrend is likely to see the aussie testing support around 1.63 against the euro and 0.87 against the loonie.The kiwi also dropped, touching a 5-day low of 1.6900 against the euro, 6-day lows of 0.6406 versus the greenback and 70.27 against the yen, easing off from its previous highs of 1.6821, 0.6442 and 70.76, respectively. The kiwi is seen challenging support around 1.70 against the euro, 0.63 versus the greenback and 69.00 against the yen.The kiwi was down against the aussie at 1.0442, retreating from a 5-day high of 1.0415 set in early trading. The next near term support for the kiwi is found around the 1.06 mark.The loonie slipped to 4-day lows of 1.3256 versus the greenback and 82.74 against the yen, after having risen to 1.3229 and 83.03, respectively in early deals. The loonie is likely to face around support around 1.35 versus the greenback and 79.00 against the yen.The loonie fell against the euro, with the EUR/CAD pair hitting 1.4356. Immediate support for the loonie is possibly seen around the 79.00 level.Looking ahead, German ZEW economic sentiment index for February, U.K. ILO unemployment rate for three months ended December and claimant count rate for January are due in the European session.Canada manufacturing sales for December, New York Fed's empire manufacturing data and NAHB housing market index for February are scheduled for release in the New York session.Copyright RTT News/dpa-AFX
17.02.2020

Russian Ruble Strengthens To 5-day High Against U.S. Dollar

MOSCOW (dpa-AFX) - The Russian Ruble drifted higher against the U.S. dollar in the European session on Monday, as oil prices rose after China pledged to support the economy hit by the coronavirus outbreak. In a bid to improve liquidity in the system, China's central bank conducted medium-term lending facility operations worth RMB200 billion and reverse repo operations amounted to RMB100 billion.China's Finance Minister has unveiled plans to roll out targeted and phased tax and fee cuts to help relieve difficulties for businesses.The Russian Ruble rose to a 5-day high of 63.21 versus the greenback from Friday's closing value of 63.56. The ruble is poised to challenge resistance around the 59.00 mark.Copyright RTT News/dpa-AFX
17.02.2020

Yen Falls After Downbeat Japan GDP Data

CANBERA (dpa-AFX) - The Japanese yen slipped against most of its major counterparts on Monday, as the economy contracted at the fastest pace in six years.Japan's gross domestic product contracted by an annualized 6.3 percent in the fourth quarter of 2019, according to a preliminary report from the Cabinet Office.That was well shy of expectations for a decline 3.8 percent following the 0.5 percent increase in the three months prior.On a seasonally adjusted quarterly basis, GDP sank 1.6 percent - again missing forecasts for a decline of 1.0 percent following the 0.1 percent gain in the third quarter.Nominal GDP was down 1.2 percent on quarter, missing expectations for a drop of 0.6 percent after gaining 0.6 percent in the previous three months.Final data from the Ministry of Economy, Trade and Industry showed that Japan industrial production rose at a softer pace in December, than in the initial estimate.Industrial production rose a seasonally adjusted 1.2 percent month-on-month in December. In the initial estimate, production increased 1.3 percent.Investors cheered China's economic stimulus to counter the fallout from the coronavirus outbreak.The PBoC conducted medium-term lending facility operations worth RMB200 billion and 7-day reverse repo operations worth RMB100 billion to preserve liquidity in the banking system.The yen fell against the greenback, reaching as low as 109.87. On the downside, 111.00 is probably seen as the next support level for the yen.After rising to 118.91 at 7:00 pm ET, the yen eased back and dropped to 119.12 against the euro. The yen is seen challenging support around the 120.5 level. The yen was down against the franc at 111.93. At last week's close, the pair was trading at 111.77. Should the yen slides further, 113.00 is likely seen as its next support level.The yen fell to a 4-day low of 83.00 against its Canadian rival from Friday's closing quote of 82.84. The yen is likely to face around support near the 84.00 mark.The Japanese currency weakened as low as 73.95 against the aussie, after gaining to 73.70 at 7:00 pm ET. Immediate support for the yen is possibly seen around the 76.5 level.On the other hand, the yen was modestly up at 143.22 against the pound, after showing weakness in the previous session, when it dropped to 143.37. The yen may test resistance around the 142.00 level, if it rallies again.The yen was higher against the kiwi at 70.65, reversing from a 4-day fall of 70.81 it set at 6:30 pm ET. The next likely resistance for the yen is found around the 69.00 mark. US markets remain closed in observance of President's Day holiday.Copyright RTT News/dpa-AFX
17.02.2020

Australian Dollar Climbs Amid China Stimulus Measures

CANBERA (dpa-AFX) - The Australian dollar moved up against its major rivals in the Asian session on Monday, as China's central bank rolled out economic stimulus to counter the fallout from the coronavirus outbreak.The central bank cut the interest rate on its medium term loans to help ease funding conditions in Chinese money market.The People's Bank of China injected CNY 200 billion via a one-year Medium-Term Lending Facility on Monday. The rate was lowered by 10 basis points to 3.15 percent.The PBoC also injected CNY 100 billion through seven-day reverse repos at an interest rate of 2.4 percent.In an article in Qiushi, the Communist Party of China's flagship magazine, Finance Minister Liu Kun wrote on Sunday that the nation would reduce corporate taxes and lessen government spending to mitigate the shock of the virus outbreak on businesses.So far, the virus has killed over 1,700 people and infected above 70,000.The aussie appreciated to a 5-day high of 1.0467 against the kiwi, after falling to a 4-day low of 1.0420 earlier in the session. If the aussie rises further, 1.07 is seen as its next resistance level.The AUD/USD pair hit 0.6733, marking a 4-day high. At last week's trading close, the pair was worth 0.6712. The next likely resistance for the aussie is seen around the 0.71 mark. The aussie neared the 74 level against the yen, touching 73.95. On the upside, immediate resistance is seen at the 76.5 level. Final data from the Ministry of Economy, Trade and Industry showed that Japan industrial production rose at a softer pace in December, than in the initial estimate.Industrial production rose a seasonally adjusted 1.2 percent month-on-month in December. In the initial estimate, production increased 1.3 percent.The aussie advanced to 1.6099 against the euro, from a low of 1.6137 seen at 8:00 pm ET. The aussie is likely to target resistance around the 1.59 mark.The aussie was up against the loonie at 0.8913. The pair had ended deals at 0.8896 on Friday. US markets remain closed in observance of President's Day holiday.Copyright RTT News/dpa-AFX

Sie haben Fragen zu unseren News?
Gerne beraten wir Sie, kontaktieren Sie uns:

+49 (0)69/92022-480

vertrieb@dpa-AFX.de

dpa-AFX auf Twitter

Folgen Sie uns auf Twitter www.twitter.com/dpaAFX