European stocks are seen inching higher on Friday in a tentative recovery after sharp losses earlier this week, although gains could be limited as mining shares may feel the pinch of a further drop in metal prices, with copper tumbling 2.2 percent.
Watch the tech space, as Apple is below $400 (positive note by JPM y’day). IBM numbers were disappointing while Microsoft (+2.9% after hours) and Google (+4%) were positive.
The Week End is here and the sun too. You gotta do what you gotta do
… Get your trainers and go exercise!
EXPO: Keith Haring at the Musée d’Art Moderne de Paris
RESTO: Bioburger (not tested): des hamburgers bios… 46 Passage Choiseul, 75002 PARIS
FILMO:Promised Land de Gus Van Sant avec Matt Damon.
SPORT: LCM will be soon testing for you the Jawbone up. https://jawbone.com/up
SAP headline SSRS revs missed cons by 3%, op profit missed by 8%. EPS in line. FY outlook reiterated, "pipeline is strong, and we are confident that we will achieve our full-year outlook".
Casino 1Q revenue beats estimates, French sales drop on price cuts
L’Oreal Beat 5.5% Q1 LFL (JPMe 5.1%/unofficial cons 5.2%) – driven by Western/Eastern Europe and beats in Luxury & Consumer divisions
Teliasonera 1Q sales miss estimates, sees FY outlook unchanged
Italy’s centre left splinters after failure to agree on president: “Questions were immediately raised over Pier Luigi Bersani’s continued leadership of the Democratic party after many of his parliamentarians rebelled and voted against his preferred presidential candidate, Franco Marini, an 80-year-old former Catholic trade unionist widely seen as emblematic of a discredited establishment.” The election of a new president was seen as a crucial step towards either forming a new government or dissolving parliament for fresh elections. (Financial Times)
Portugal promises austerity is on track: The Portuguese government said Thursday that it has identified a series ofspending cuts to fill a budget hole and keep its €78bn bailout on track. Budget Secretary Luis Sarmento said the government will impose new spending ceilings for ministries, renegotiate public-private partnership contracts and introduce a plan for wider public sector reform to address a €1.3bn budget gap created after a top court ruled unconstitutional some of the planned austerity measures. (Wall Street Journal)