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Article / 02 March 2017 at 12:33 GMTEuropean stocks wavered on Thursday, with the main equity indices more or less flat, after rallying on Wednesday on the back of a foreseen boost for European firms from higher US fiscal spending.Read the article
Article / 28 October 2016 at 12:11 GMT
Mid-session Europe: GBP hit as N.Ireland judge rejects Brexit suitSterling has taken a beating again after the British government won a pair of legal challenges to Brexit in Northern Ireland. Meanwhile, European equities fell on Friday as earnings of several companies missed estimates and downgraded guidance disappointed investors.Read the article
Squawk / 01 March 2016 at 12:37 GMT"Carlsberg is behind in digital, it will cost to catch-up
Carlsberg has noted that the group is behind in digital presence. This is evidenced when comparing the Facebook 'like' presence of the flagship Carlsberg brand against that of the Heineken brand – on either an absolute or volume-relative basis. We compare A&P spending more closely in the margin section." UBS
Squawk / 01 March 2016 at 12:36 GMT"Recent European Nielsen data (off-trade volume and sales) indicates that Heineken continues to perform well in Western Europe – a key market for the premiumisation strategy given aging demographics and limited pricing power. Heineken's sales growth in the last 12 weeks has been +3.6% vs the market overall +1.9% and Heineken has gained share in the last 4 weeks as well as over the last 52 weeks. Carlsberg in contrast has lost share over all three period, in the last 12 weeks sales were -3.8%. " UBS
Squawk / 01 March 2016 at 12:35 GMT"Heineken best-placed for 2016, reiterate Buy; Carlsberg downgrade to Sell (from Neutral) " UBS « "We continue to believe Heineken's category exposure is the most attractive within the global brewers given it has the highest exposure to premium beer, cider and low/no alcohol categories. These categories over the long term offer stronger volume growth, higher price/mix and better margins than mainstream lager. Furthermore the flagship Heineken brand is the largest global brand by volume with well-established brand equity (see below for global Facebook 'like' comparisons) which allows Heineken to more easily penetrate new markets. "
Article / 04 December 2015 at 1:02 GMT
Today's Trade: AUD digs in as ASX crumblesThe ASX slides at the open, following global markets' lead after the European Central Bank disappointed investors by not loosening monetary policy as much as expected, while iron ore's slump continues.Read the article
Squawk / 14 November 2015 at 8:32 GMTWeekly Trading Forecasts on Major Pairs (November 16 - 20, 2015)
Dominant bias: Bearish
EURUSD did not move upwards or downwards significantly last week, though the outlook remains bearish. Last week was the week in which the FX markets consolidated the most this year, with certain pairs and crosses not going up or down by 50 pips throughout the week. EURUSD simply vacillated between the support line at 1.0700 and the resistance line at 1.0800, but there might be a breakout this week, which would favor the current bearish outlook (although the consolidation could continue for some time).
Dominant bias: Bullish
Just like EURUSD, USDCHF moved in a tight range last week. Price moved between the great psychology level at 1.0000 and the resistance level at 1.0100. The ranging movement could keep on happening for some time, but a breakout would eventually happen, which would probably favor bulls,
Editor’s Picks / 11 November 2015 at 11:58 GMT
Cheers! AB InBev confirms SABMiller dealCNBCBelgian brewing giant AB InBev has reached an agreement with SABMiller over the terms of its takeover, announcing that it will pay £44 ($66.7) per share for the London-listed drinks company valuing it at $105 billion, CNBC reports. As part of the deal, which is expected to be completed in the second half of 2016, AB InBev will not own SABMiller's US business, selling off SABMiller's MillerCoors division and the Miller Global Brand Business to Molson Coors. The transaction is expected to be worth some $12 billion.Read article on CNBC
Article / 23 October 2015 at 10:10 GMT
Earnings Watch: China should support Apple growthApple reports FY15 Q4 earnings on Tuesday. Investors will be focusing a lot on China due to the ongoing uncertainty of China's economy but also the country's importance for Apple which accounted for 27% of revenue in the previous quarter. Nothing suggests that demand is slowing down and we maintain our bullish view on the stock. In addition 367 companies will report earnings.Read the article
Video / 13 October 2015 at 9:27 GMT
Veksler: Oil, China and beer fuelling action in FX marketsKen VekslerPlenty of action in the FX market this Tuesday, says trader Ken Veksler, and it's fueled by a drop in oil prices, weak Chinese imports and Anheuser-Busch InBev’s £68 billion takeover of SABMiller, which will see the creation of the world’s biggest beer brewing empire.