Monthly Archives: July 2013

LCM (light and late) Dawn Patrol – 31.07-2013 – Earnings… GS takes Havas and IFX off its conviction list…

Bonjour, Markets to open flat as we wait for the Fed’s announcements. BNP numbers look OK, Ingenico is strong. US equities finished little changed on Tuesday. There did not seem to be any notable directional influences on the market today, a dynamic that fit with the waiting game ahead of tomorrow’s FOMC announcement and Friday’s […]

LCM Dawn Patrol – 30.07.13 – Earnings: DBK-, ALU-, UBS+ (lots more)… MS markets comments, GS on FOMC preview… TuesGear.

Bonjour,   European Markets top edge up today on expectations of good earnings. US equities were moderately lower in a quiet session on Monday. There was no specific catalyst for the move. Equities in Asia were weaker, but Europe finished essentially unchanged. M&A activity provided a small tailwind. Pending home sales fell for June, but […]

LCM Dawn Patrol – 29.07.13 – JPM on EU strat, some results, PUB and OMC…

Bonjour,   European markets to open slightly up today as the Fed, the BoE and the ECB hold meetings this week and they should continue their accommodative policy in the short term.   This week will be busy : We’ll monitor CBs meeting with:  FOMC, BOE and ECB,  NFP, Jul PMI & Earnings from European […]

LCM Dawn Patrol – 25.07.13 – Lots of earnings again… JPM d’grades MTU. MS & GS on Atos.

Bonjour, European markets to open flat today. While earnings reports have so far has been mixed, they have driven healthy gains in European stocks. Some 49 percent of companies that have reported so far on the STOXX Europe 600 have missed expectations, compared to 28 percent on the S&P 500. US markets finished lower on […]

LCM Dawn Patrol 23.07.13 – Earnings, JPM upgrades Philips and a new note on media. Apple preview and TuesGear.

Bonjour, European markets to open up this morning following Asia and softer US housing data (which means that the Fed may be a bit more accommodative in the short term…you know the story anyway). US markets finished slightly higher (almost reached the 1700points level) on low volumes, most moves were company specific. Managed Care, Banks, […]

LCM Dawn Patrol – 22.07.13 – JPM View, Markets update, GS downgrades Akzo, JPM upgrades African Barrick and more…

Bonjour,   European markets are set to open higher on Shinzo Abe election in Japan.   Today, there is isn’t much on the political front (if you’re French you can read how Mr. Hollande told his government to stay at work and how some replied that they needed a break). This week is data-heavy  however […]

LCM Dawn Patrol – 18.07.13 – Earnings: SAP-, Ericsson:-, Carrefour=, Hermes+…. JPM on Umicore, MS on ASML, Intel.

Bonjour, Europe to open slightly lower today and tech should be under pressure as Intel cut its FY sales guidance and capex on lower sales. The US markets finished higher on the slightly dovish comments from Bernanke, although the September meeting is still seen as the beginning of tapering. The weaker than expected housing data […]