XM does not provide services to residents of the United States of America.

Europe eyes flat start, eyes on corporate Germany

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>LIVE MARKETS-Europe eyes flat start, eyes on corporate Germany</title></head><body>

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com


Shares in Europe were set for another muted session on Tuesday, with futures stuck around parity, as traders sat on the sidelines ahead of U.S. CPI data on Wednesday that could shape expectations for when U.S. Federal Reserve might cut rates.

EuroSTOXX50 futures were 0.02% higher and FTSE 100 contracts were just below par. S&P 500 futures were also unchanged.

Corporate news could offer more excitement, though, especially in Germany.

Delivery Hero DHER.DE was set for a big jump after the Frankfurt-listed delivery firm sold its foodpanda business in Taiwan in a $1.25 billion deal with Uber.

Rheinmetall RHMG.DE reported higher Q1 earnings, as the German arms manufacturer taps into a boom in defence spending following the war in Ukraine. However, its shares, among the best performers this year, were called lower.

Bayer BAYGn.DE reported a marginal decline in its Q1 adjusted earnings, but beat forecasts on better-than-expected performance at its prescription drugs and agriculture divisions.

Volkswagen VOWG_p.DE was another one to watch. Bloomberg reported the carmaker is exploring the sale of as much as 1 billion euros of stock in its truckmaking arm Traton 8TRA.DE.

Eyes also on Brenntag BNRGn.DE after the chemicals distributor missed quarterly operating EBITA estimates, sending its shares down 6% in early trade.

Over in the UK, Vodafone VOD.L met market forecasts by reporting a 2.2% increase in organic earnings for the year to end-March after excluding the Spanish and Italian operations that it has agreed to sell.

Good-looking earning news from Currys CURY.L, which rejected a takeover offer earlier this year. The electricals retailer raised its annual profit forecast by around 10% after sales returned to growth in both its UK and Ireland unit and in the Nordic region.

Meanwhile, BHP Group BHP.AX is likely to sweeten its $43 billion takeover offer for Anglo American AAL.L for a second time and possibly add cash, investors in both companies said after the London-headquartered target rejected a higher bid.

(Danilo Masoni)





Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.