• Its Wednesday 19th August and here is what we are seeing so far..
• SXXP +10bps which is inline with the move in the S&P Futs from Europes close.
• a lot of focus on the S&P 500 Index after closing at a record high yesterday after a tech rally and strong housing data
• Sell off in China as the market is finally reacting to yet more tensions with the US.. I have postponed trade talks with China; I don't want to talk to China right now - Asked if he will pull out of China trade deal, he says, "We'll see"
• Hang Seng closed due to a typhoon.
• In terms of Sectors, not actually a massive spread in the moves... Food and Beverages are best today +50bps, whilst Oil& Gas are the worst but only -30bps..
• Food and Beverages are in focus today for a few reasons.
• CARLSBERG: +2% RBREW guidance VERY positive for Carlsberg and shows guidance to be wildly conservative. RBREW talking strong August on good weather. Beat & Raise coming Q3
• Amazon and morrisons announce ‘morrisons on amazon’ for prime
• RWE announced a surprise 10% equity raise last night and Set the Price of EUR32.55 a Share.. The stock is currently trading at 32.90, this is helping give a boost to EON +1%
• Big net foreign buying of euro area equities in June €65.5bn
