Liveblog Archief donderdag 12 november 2020

TOP NEWS
• Group of 165 Google critics call for swift EU antitrust action – letter
A group of 165 companies and industry bodies have called on EU antitrust enforcers to take a tougher line against Google, saying the U.S. tech giant unfairly favours its own services on its web searches.

• Biden ignores Trump to build team; eyes on pandemic as hospitalizations soar
President-elect Joe Biden will press on with building his governing team, ignoring President Donald Trump's refusal to accept defeat.

• U.S. miners tout environmental credentials in wake of Biden victory
U.S. mining companies are moving fast to align themselves with Joe Biden's climate change agenda, saying the lithium, copper and other metals they produce can help the president-elect achieve his ambitious goals to slash carbon emissions and electrify the nation's automobiles.

• Serum says made 40 mln doses of AstraZeneca's COVID vaccine, to make Novavax shot soon
Serum Institute of India, the world's largest vaccine producer, said it has made 40 million doses of AstraZeneca's potential COVID-19 vaccine, and would soon begin making Novavax's rival shot, as they both seek regulatory approval.

• Foxconn sees strong iPhone 12 demand, reiterates US investment
Apple supplier Foxconn forecast strong demand for the new iPhone 12 in the holiday quarter and stressed that it would continue investing in the United States as scheduled and is looking at making new products there.


BEFORE THE BELL
Futures tracking the S&P 500 were little changed as U.S. coronavirus cases surged and investors weighed the timeline of the roll-out of an effective vaccine. European shares retreated from eight-month highs amid concerns about a quicker economic rebound. Asian equitiesended mostly in the red. The dollar was down, while gold prices rose. Oil prices fell as the IEA raised doubts about a quick demand recovery. The U.S. consumer prices data for October is on the economic calendar. Walt Disney and Cisco are expected to report results after the closing bell.


STOCKS TO WATCH

Results
• Manulife Financial Corp (MFC). The life insurer on Wednesday said third-quarter core profit declined less than analysts had expected, helped by earnings growth in Asia and asset management, but it warned the COVID-19 pandemic posed risks. The company said the environment remains uncertain due to legal and regulatory responses to the resulting economic downturn from the pandemic. Manulife reported underlying profit, excluding one-time charges, of C$1.45 billion, or 73 Canadian cents a share, in the three months through September, down from C$1.53 billion, or 76 cents, a year earlier. Analysts had expected profit of 70 Canadian cents. Third-quarter sales fell 2% from a year earlier as the pandemic-driven declines in Hong Kong and the United States failed to offset gains in other areas. Separately, the company said it had appointed Leagh Turner, chief operating officer for Ceridian HCM Holding, to its board of directors, effective Nov. 10.

• Pinduoduo Inc (PDD). The Chinese e-commerce platform reported better-than-expected quarterly revenue, helped by strong demand as the domestic economy recovers from the COVID-19 pandemic. The company’s third-quarter net loss attributable to shareholders narrowed to 784.7 million yuan from 2.34 billion yuan a year earlier, with the company inching towards breaking even for the first time. Non-GAAP net profitwas 466.4 million yuan compared with a loss of 1.66 billion yuan a year before. Pinduoduo's revenue surged 89% to 14.21 billion yuan in the third quarter, beating analysts' estimates of 12.34 billion yuan. The company reported a 12-month gross merchandise volume (GMV) of 1.5 trillion yuan, a metric that indicates sales growth. This was up 73% from last year.

• Wix.com Ltd (WIX). The Israeli company, which helps small businesses build and operate websites, swung to a loss in the third quarter, but revenue jumped on strong demand by businesses looking to boost their online presence during the COVID-19 pandemic. Amid a steep rise in marketing expenses, the company reported a quarterly net loss excluding one-time items of 14 cents per share that was slightly better than expectations, compared with a profit of 41 cents per share a year earlier. Revenue grew 29% to $254.2 million. Analysts had forecast Wix would lose 15 cents a share ex-items on revenue of $249.9 million. Total third-quarter operating expenses surged by $60 million from a year earlier to $224 million in what company officials called an "efficient investment" that will pay off in the short and medium term. For the fourth quarter, Wix forecast revenue of $266-$271 million, up 30-32% from a year earlier. Analysts expect Wix to post revenue of $265.7 million for October-December. For all of 2020, Wix expects 28% growth in revenue to $972-$977 million.

In Other News
• Alibaba Group Holding Ltd (BABA) & JD.com Inc (JD). The companies said the United States was the top seller of goods to China during the Singles' Day shopping extravaganza that generated about $116 billion in merchandise volume for the pair. Alibaba generated gross merchandise volume (GMV) of 498.2 billion yuan. JD.com, which recorded 271.5 billion yuan in GMV, told Reuters on Wednesday that best-selling products included Apple iPhones, L'Oreal’s Lancome toner and 60-inch smart LCD TVs from Sharp. Alibaba offered promotions in two windows starting Nov. 1 but calculated GMV over 11 days. JD.com offered deals Nov. 1 through Nov. 11.Alibaba said other top-selling countries this year included Australia, Germany, Japan and South Korea. Over 470 firms exceeded 100 million yuan in GMV.

• Alphabet Inc (GOOGL). A group of 165 companies and industry bodies have called on EU antitrust enforcers to take a tougher line against Google, saying the U.S. tech giant unfairly favours its own services on its web searches. The group includes U.S. and UK companies as well as peers in 21 EU countries. It sent a joint letter to EU antitrust chief Margrethe Vestager on Thursday, saying Google was giving its own services, such as those for accommodation, travel and jobs, preferential placement in its search results and urging swift action to stop the practice. Google has refuted assertions that it unfairly favours its own services. It says that its users are not locked in and that competition to its services is just one click away on the internet. "People expect Google to give them the most relevant, high quality search results that they can trust," a Google representative said. "They do not expect us to preference specific companies or commercial rivals over others, or to stop launching helpful services which create more choice and competition for Europeans." Separately, YouTube said late on Wednesday it had fixed a glitch that led to a worldwide outage of the video-streaming service.

• Apollo Global Management Inc (APO). The private equity group backed out of a race to buy William Hill, paving the way for U.S. casino operator Caesars Entertainment to acquire the British bookmaker. The possibility of Apollo firming up its bid faded after Caesars made it clear it could terminate the deal, if William Hill decided to proceed with another offer from rival parties mentioned in a list set by Caesars. However, Apollo has said the decision to not make an offer for the entire company does not affect its other plans, referring to its intention to buy William Hill's UK assets. Sources had told Reuters in September that Caesars could sell William Hill's UK assets to Apollo as part of its deal, under which it seeks to sell the bookmaker's non-U.S. operations.

• AstraZeneca PLC (AZN) & Novavax Inc (NVAX). Serum Institute of India, the world's largest vaccine producer, said it has made 40 million doses of AstraZeneca's potential COVID-19 vaccine, and would soon begin making Novavax's rival shot, as they both seek regulatory approval. Serum declined to comment on whether the 40 million doses of the AstraZeneca vaccine were meant for global supply or only for India. For production of the Novavax vaccine, Serum said it has received the bulk of the vaccine from the U.S. company and will soon fill and finish them in vials. Serum said it had enrolled 1,600 participants in India for the late-stage trials of AstraZeneca's candidate, and also plans to seek regulatory approval to run late-stage trials for the Novavax vaccine. Separately, AstraZeneca's blood cancer treatment, Calquence, failed to improve survival rates and prevent lung failure in patients hospitalised with symptoms of COVID-19, the drugmaker said on Thursday, citing results from mid-stage trials.

• Boeing Co (BA). The planemaker raised its rolling forecast for China's aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as COVID-19 decimates global deliveries over the next few years. Chinese airlines will need 8,600 new airplanes through 2039, 6.3% higher than Boeing's previous prediction of 8,090 planes last year. Those would be worth $1.4 trillion based on list prices, the Boeing said in a statement. "While COVID-19 has severely impacted every passenger market worldwide, China's fundamental growth drivers remain resilient and robust," said Richard Wynne, managing director, China Marketing, Boeing Commercial Airplanes.

• Brookfield Asset Management Inc (BAM).The listing of the company’s Australian coal export terminal is aiming to raise at least A$656 million, in what is set to be a test of investor appetite for coal assets. In a sign that initial demand may not have been as strong as hoped for, the company, Dalrymple Bay Infrastructure (DBI), will offer an annual dividend yield of 7%, according to a term sheet seen by Reuters. Previously, selected investors had been offered more than 5.5%. Brookfield, which will sell a 51% stake in DBI, plans to sell 255 million shares, the term sheet said. The minimum target of A$656 million works out to A$2.57 per share. Queensland has agreed to pay A$128 million for a 9.9% stake in DBI, which handles 15% of global metallurgical coal exports. Bids from institutional investors are due next Wednesday. A prospectus for retail investors is expected to be filed on Nov. 20, followed by an auction starting Nov. 30.

• Carlyle Group Inc (CG). The private equity firm said it had invested more than $250 million in Pharmapacks, a U.S. e-commerce firm focused on health, personal care and beauty products. Carlyle's investment, which values Pharmapacks at about $1.1 billion, comes as the COVID-19 pandemic has pushed more consumers to shop online. Pharmapacks aims to use the investment to open a new supply chain hub on the U.S. West Coast, expand its technology capabilities, and add more products in categories such as food and pets, its Chief Executive Andrew Vagenas said in an interview. The investment in Pharmapacks was made out Carlyle Partners VII, a $18.5 billion buyout fund the firm recently used to acquire a $175 million stake in digital healthcare firm Grand Rounds Inc.

• Exxon Mobil Corp (XOM). The company said it remains committed to expanding its refining-petrochemical complex in Singapore amid an ongoing review of its projects globally. "We are committed to completing the Singapore project, which improves the long-term competitiveness of our integrated refining and petrochemical complex and provides good and high-skilled jobs for Singaporeans," a company spokeswoman said in an email. The company declined to comment specifically on the schedule and pace of the project. "The timing of expansion plans for select downstream and chemical facilities across the company's portfolio will be adjusted to capture efficiencies, slow spending pace and better align with a return in commodity demand," the spokeswoman said.

• Fiat Chrysler Automobiles NV (FCAU). The company and Engie EPS, a part of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility, the two companies said. Fiat Chrysler's Italian division and Engie EPS, which is also based in Italy, have entered into a memorandum of understanding aimed at creating the joint venture, they said in a statement. The new venture will offer a full range of products and solutions, including residential, business and public charging infrastructure as well as green energy packages for electric vehicle customers across Europe, they said. Final deals are expected to be signed this year and the joint venture is due to be set up in the first quarter of 2021.

• Goldman Sachs Group Inc (GS). The bank has poached Barclays' insurance banker Marguerite Bion to win more business from Europe's biggest insurers as industry consolidation heats up amid anaemic profitability and tightening regulation. Bion, who started her career at Citigroup in 2001 and spent the last decade at Barclays, will join Goldman in February as a London-based managing director in its EMEA financial institution group (FIG), reporting to European FIG head Dirk Lievens, according to a memo seen by Reuters.

• Jaws Acquisition Corp (JWS). Healthcare provider Cano Health will be taken public through a merger with the blank-check company backed by real estate investor Barry Sternlicht, in a deal worth $4.4 billion deal, including debt, the companies said. Sternlicht's special purpose acquisition company (SPAC) Jaws Acquisition was listed on the New York Stock Exchange in May. As part of the deal, Cano Health will receive an investment of $800 million from investors including Sternlicht as well as funds related to and managed by Fidelity Management, BlackRock, Third Point and Maverick Capital.

• Microsoft Corp (MSFT), Oracle Corp (ORCL) & Alphabet Inc (GOOGL). Microsoft, Oracle and other companies that have provided information to the U.S. government for its antitrust lawsuit against Alphabet's Google were granted more time on Wednesday to propose a protective order for their confidential data. The group, which also includes AT&T, Amazon.com, Comcast, Duck Duck Go, Sonos, and T-Mobile US, had told federal Judge Amit Mehta that they would not be able to make proposals by Friday and had sought an extension until Nov. 20. Mehta granted their request late Wednesday. The parties cooperating with the government said in a court filing that they gave the Justice Department investigators information, including business plans and strategies for competing with Google. "One of the key issues here is the extent to which Google personnel will gain access (by virtue of being named a defendant in an antitrust lawsuit) to the non-parties' most sensitive confidential business documents," the companies said in a joint request filed with the court.

• Sony Corp (SNE). The company’s PlayStation 5 (PS5) console launched in core markets to intense interest online, but with first day real-world sales limited to pre-order pick-ups due to the COVID-19 pandemic that has driven a boom in gaming demand. Sony has made launch sales online only to maintain social distancing, calling for consumers to "be safe, stay home, and place your order online". The next-generation console, which retails for $500 or $400 without a disk-drive, was sold out on major retailing sites in Japan with some conducting lotteries to distribute limited stock. On Japan's top flea market platform from Mercari, consoles were selling for more than $900. Analysts see shortages of consoles from Sony and rival Microsoft, which launched Xbox devices on Tuesday, extending into 2021.


INSIGHT
Biden's Treasury pick may be key to climate, jobs, and equality agenda
Incoming U.S. Treasury secretaries have been confronted over the past two decades with the financial rescue of other countries, the bailout of the U.S. banking system and a trade war. But whoever Joe Biden chooses may face an agenda of historic depth and breadth, fighting crises while pursuing the lofty goals the president-elect set during his campaign.


ANALYSTS' RECOMMENDATION
• Air Products and Chemicals Inc (APD). JPMorgan cuts price target to $280 from $310, noting the company appears to be facing contractual issues with Aramco for its Jazan gasification project to provide electric power in Saudi Arabia, which was an anchor to its EPS growth.

• Inter Parfums Inc (IPAR). Jefferies raises price target to $55 from $45, following a stronger EPS outcome in the third-quarter earnings that saw improvements in all regions, with e-commerce helping offset weakness in brick and mortar retail.

• Lemonade Inc (LMND). Piper Sandler raises price target to $71 from $63, highlighting the company's strong third-quarter results that came in well ahead of expectations, helped by an asset-light insurance model with a ramping innovation pipeline backed by the its digital technology infrastructure.

• Nike Inc (NKE). RBC initiates coverage with an outperform rating and price target of $145, noting that the company is a dominant brand in the attractive athletic category and that its new Consumer Direct Acceleration strategy should support a sustained multi-year top-line trajectory.

• Under Armour Inc (UAA). RBC initiates coverage with a sector perform rating and price target of $16, stating it will be difficult for the stock to break above its trading range without greater visibility on the strength of its North American recovery and with persisting questions on brand positioning.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Core CPI mm, SA for Oct: Expected 0.2%; Prior 0.2%
0830 (approx.) Core CPI yy, NSA for Oct: Expected 1.8%; Prior 1.7%
0830 (approx.) CPI Index, NSA for Oct: Expected 260.493; Prior 260.280
0830 (approx.) Core CPI Index, SA for Oct: Prior 269.26
0830 (approx.) CPI mm, SA for Oct: Expected 0.1%; Prior 0.2%
0830 (approx.) CPI yy, NSA for Oct: Expected 1.3%; Prior 1.4%
0830 (approx.) Real weekly earnings mm for Oct: Prior 0.2%
0830 (approx.) CPI mm NSA for Oct: Prior 0.140%
0830 (approx.) CPI Index SA for Oct: Prior 260.210
0830 (approx.) CPI Wage Earner for Oct: Prior 254.004
0830 Initial jobless claims: Expected 735,000; Prior 751,000
0830 Jobless claims 4-week average: Prior 787,000
0830 Continue jobless claims: Expected 6.900 mln; Prior 7.285 mln
1100 (approx.) Cleveland fed CPI for Oct: Prior 0.1%
1400 Federal budget for Oct: Expected -$274.50 bln; Prior -$125.00 bln


COMPANIES REPORTING RESULTS
Applied Materials Inc (AMAT). Expected Q4 earnings of $1.17 per share
Cisco Systems Inc (CSCO). Expected Q1 earnings of 70 cents per share
Walt Disney Co (DIS). Expected Q4 loss of 71 cents per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Multiplan Corp (MPLN). Q3 earnings conference call
0800 Xpeng Inc (XPEV). Q3 earnings conference call
0830 Goodrx Holdings Inc (GDRX). Q3 earnings conference call
0930 CACI International Inc (CACI). Annual Shareholders Meeting
1000 Atmos Energy Corp (ATO). Q4 earnings conference call
1000 CDK Global Inc (CDK). Annual Shareholders Meeting
1000 CMC Materials Inc (CCMP). Q4 earnings conference call
1100 Tetra Tech Inc (TTEK). Q4 earnings conference call
1100 TransDigm Group Inc (TDG). Q4 earnings conference call
1300 Fox Corp (FOXA). Annual Shareholders Meeting
1630 Applied Materials Inc (AMAT). Q4 earnings conference call
1630 Berkeley Lights Inc (BLI). Q3 earnings conference call
1630 Cisco Systems Inc (CSCO). Q1 earnings conference call
1630 Farfetch Ltd (FTCH). Q3 earnings conference call
1630 Walt Disney Co (DIS). Q4 earnings conference call
1700 American Well Corp (AMWL). Q3 earnings conference call
1700 Dolby Laboratories Inc (DLB). Q4 earnings conference call
1700 Palantir Technologies Inc (PLTR). Q3 earnings conference call
1700 Unity Software Inc (U). Q3 earnings conference call


EXDIVIDENDS
Charles Schwab Corp (SCHW). Amount $0.18
Cognex Corp (CGNX). Amount $0.06
Corning Inc (GLW). Amount $0.22
Corteva Inc (CTVA). Amount $0.13
Duke Energy Corp (DUK). Amount $0.96
Eli Lilly and Co (LLY). Amount $0.74
Emerson Electric Co (EMR). Amount $0.50
Essential Utilities Inc (WTRG). Amount $0.25
Honeywell International Inc (HON). Amount $0.93
J M Smucker Co (SJM). Amount $0.90
Jefferies Financial Group Inc (JEF). Amount $0.15
Kroger Co (KR). Amount $0.18
Lithia Motors Inc (LAD). Amount $0.31
Maximus Inc (MMS). Amount $0.28
MSCI Inc (MSCI). Amount $0.78
Raytheon Technologies Corp (RTX). Amount $0.47
Sherwin-Williams Co (SHW). Amount $1.34
South State Corp (SSB). Amount $0.47
TCF Financial Corp (TCF). Amount $0.35
Teleflex Inc (TFX). Amount $0.34
Truist Financial Corp (TFC). Amount $0.45
United Parcel Service Inc (UPS). Amount $1.01
Visa Inc (V). Amount $0.32
WEC Energy Group Inc (WEC). Amount $0.63
Western Alliance Bancorp (WAL). Amount $0.25
Westinghouse Air Brake Technologies Corp (WAB). Amount $0.12
Westrock Co (WRK). Amount $0.20

Goedemorgen
De AEX bereikte gisteren eventjes de 600 punten grens, vooral de recente rally vanaf de bodem die op 30 oktober net onder de 530 punten uitkwam is er eentje die we in de boeken kunnen schrijven als extreem sterk en vooral kort. We hebben het over 8 beursdagen en dus 70 AEX punten, gemiddeld bijna 10 punten per dag. Procentueel is dat goed voor 12% stijging. Is er veel anders geworden? Op zich niet, de nieuwe president is diegene die werd verwacht volgens de peilingen en er is een werkend vaccin gevonden en werkt goed. Aan de andere kant hebben we nog een president die van geen wijken wil weten en het zal nog een lange tijd duren voor alles weer normaal wordt.

Opvallend is wel dat het de aandelen die achterbleven een rally laten zien maar daar is volgens mij nu ook de rek uit zoals we dat zeggen. We moeten wel op de waarderingen blijven letten en met de recordstanden die we zien blijven die veel te hoog. Denk eraan dat die voor de corona crisis begon ook al torenhoog waren ...!!

De Dow Jones verloor gisteren iets, amper 23 punten al stond er bij de opening nog zo'n 200 punten winst. De SP 500 waar ook veel technologie aandelen in zitten won 27 punten (0,8%) terwijl de Nasdaq met 232 punten vooruit ging (2%), de Nasdaq 100 won 2,3%. In de VS waar het Veterans Day was de handel dun en kregen we geen economische cijfers, de volumes waren aan de lage kant. De AEX won uiteindelijk 7 punten, de DAX bleef dicht bij huis met een plus van 53 punten, de CAC 40 won 26 punten ...

Kijken we naar de winnaars bij de Nasdaq 100 index dan vallen Apple, Amazon, Netflix, Nvidia en Microsoft op met stevige plussen maar de grote winnaar was Zoom, het aandeel won gisteren 10%. Deze Technologie aandelen deden maandag en dinsdag juist niet mee met de euforie door dat er een vaccin komt, u weet wel, de thuisblijf aandelen. Alleen is het nu ook niet zo dat alles al voorbij is waardoor beleggers meer euforisch reageren dan realistisch.

Dat is de beurs van 2020 natuurlijk, of alles of niets, ofwel het hoppen van het een naar het andere zonder en bij na te denken, alles moet supersnel gaan tegenwoordig. Nogmaals, het kan nog tot 2-3 jaar gaan duren voor alles weer wordt zoals het was, ook de winst ontwikkeling van de bedrijven en dus de groei van de economie. Er zijn harde klappen gevallen de afgelopen maanden en vooral de tijd zal het moeten herstellen.

Euro, olie en goud:
De euro zien we vanmorgen rond de 1.175 dollar, de prijs van een vat Brent olie staat nu op 43,6 dollar. Een troy ounce goud kost vanmorgen 1865 dollar.

US Markets Trading nu voor €39 tot 1 JANUARI 2021:
Maak gebruik van de aanbieding die loopt tot het einde van dit beursjaar, ofwel tot 1 januari 2021 ... Ik blijf zoeken naar kansen in de markt, we hebben strategisch al wat kleine posities open staan.

Meedoen kan nu via de speciale aanbieding tot 1 JANUARI voor €39, na uw inschrijving staat u meteen op de verzendlijst en ontvangt u de updates, de signalen en kunt u inloggen op onze Tradershop om alle posities LIVE te volgen.

Schrijf u in via de link: https://www.usmarkets.nl/tradershop

Tot later,

Guy Boscart

GLOBAL TOP NEWS
President Donald Trump's campaign on Wednesday took another step in its long-shot legal strategy to upend his election defeat with a Michigan lawsuit, while Georgia announced a recount and President-elect Joe Biden worked on laying the foundation of his administration.

Moderna said on Wednesday it has enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine, which should help determine the vaccine's efficacy.

Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.


EUROPEAN COMPANY NEWS
The European Union has struck a deal to initially pay less for Pfizer's COVID-19 vaccine candidate than the United States, an EU official told Reuters as the bloc announced on Wednesday it had secured an agreement for up to 300 million doses.

Nexi has extended its exclusive merger talks with Nordic rival Nets to Nov. 16, it said on Wednesday as it reported stronger-than-expected third-quarter earnings.

Lufthansa said on Wednesday it had reached a new deal with trade union Verdi to cut 200 million euros in costs in return for making no compulsory redundancies in 2021.​


TODAY'S COMPANY ANNOUNCEMENTS2020 Bulkers Ltd Q3 2020 Earnings Call 3i Group PLC HY 2021 Earnings Release A2A SpA Nine Months 2020 Earnings Call Aareal Bank AG Q3 2020 Earnings Call Adecoagro SA Q3 2020 Earnings Release Arrow Global Group PLC Q3 2020 Earnings Call Assicurazioni Generali SpA Q3 2020 Earnings Call Atento SA Q3 2020 Earnings Call Balco Group AB Q3 2020 Earnings Call BayWa AG Q3 2020 Earnings Call Bilfinger SE Q3 2020 Earnings Call Biofrontera AG Q3 2020 Earnings Call Biotest AG Nine Months 2020 Earnings Call Burberry Group PLC Interim 2021 Earnings Call Calliditas Therapeutics AB Q3 2020 Earnings Call Cancom SE Q3 2020 Earnings Call Cewe Stiftung & Co KGaA Q3 2020 Earnings Release Clear Leisure PLC Annual Shareholders Meeting d'Amico International Shipping SA Q3 2020 Earnings Call Deutsche Telekom AG Q3 2020 Earnings Call Dfds AS Q3 2020 Earnings Call Dof ASA Q3 2020 Earnings Call Dynagas LNG Partners LP Q3 2020 Earnings Release EDAG Engineering Group AG Q3 2020 Earnings Call Enav SpA Nine Months 2020 Earnings Call Endeavour Mining Corp Q3 2020 Earnings Call Evotec SE Q3 2020 Earnings Call Fielmann AG Q3 2020 Earnings Release Fingerprint Cards AB Q3 2020 Earnings Call First Sensor AG Q3 2020 Earnings Release Fjordkraft Holding ASA Q3 2020 Earnings Call FLY Leasing Ltd Q3 2020 Earnings Call GECI International SA Annual Shareholders Meeting Geodrill Ltd Q3 2020 Earnings Call Global Fashion Group SA Q3 2020 Earnings Call Globant SA Q3 2020 Earnings Call Grand Vision Media Holdings PLC Annual Shareholders Meeting Hamburger Hafen und Logistik AG Q3 2020 Earnings Release Ice Fish Farm AS Q3 2020 Earnings Call Ice Group ASA Q3 2020 Earnings Call Immunovia AB (publ) Nine Months 2020 Earnings Call Indus Holding AG Q3 2020 Earnings Release Inmobiliaria Colonial SOCIMI SA Q3 2020 Earnings Call International Game Technology PLC Q3 2020 Earnings Call K&S AG Q3 2020 Earnings Call KBC Groep NV Q3 2020 Earnings Call Krones AG Q3 2020 Earnings Call Lar Espana Real Estate SOCIMI SA Q3 2020 Earnings Call LEG Immobilien AG Q3 2020 Earnings Call Mayr Melnhof Karton Q3 2020 AG Earnings Release Mediclinic International PLC HY 2021 Earnings Call Mercell Holding AS Q3 2020 Earnings Call Merck KGaA Q3 2020 Earnings Call MLP SE Q3 2020 Earnings Call MorphoSys AG Q3 2020 Earnings Call Myovant Sciences Ltd Q2 2021 Earnings Call National Grid PLC HY 2021 Earnings Call Navigator Holdings Ltd Annual Shareholders Meeting Navigator Holdings Ltd Q3 2020 Earnings Release Neuhof Textil Holding AG Annual Shareholders Meeting Oneview Healthcare PLC Annual Shareholders Meeting Patrizia Immobilien AG Q3 2020 Earnings Call Poste Italiane SpA Q3 2020 Earnings Call ProQR Therapeutics NV Q3 2020 Earnings Release Qinetiq Group PLC HY 2021 Earnings Call R Stahl AG Q3 2020 Earnings Call Rai Way SpA Nine Months 2020 Earnings Call Raiffeisen Bank International AG Q3 2020 Earnings Call Ricardo PLC Annual Shareholders Meeting RTL Group SA Q3 2020 Earnings Release RWE AG Q3 2020 Earnings Call Safe Bulkers Inc Q3 2020 Earnings Call SalMar ASA Q3 2020 Earnings Release Samsonite International SA Q3 2020 Earnings Call SGL Carbon SE Q3 2020 Earnings Call Siemens AG FY 2020 Earnings Call Simcorp A/S Q3 2020 Earnings Call Sixt SE Q3 2020 Earnings Release SMA Solar Technology AG Q3 2020 Earnings Call Smiths News PLC FY 2020 Earnings Release Sonae SGPS SA Q3 2020 Earnings Call Stroeer SE & Co KGaA Q3 2020 Earnings Call Subsea 7 SA Q3 2020 Earnings Call TAG Immobilien AG Q3 2020 Earnings Call Talanx AG Q3 2020 Earnings Call Titan Cement Company SA Q3 2020 Earnings Call Ultimovacs ASA Q3 2020 Earnings Call Unipol Gruppo SpA Q3 2020 Earnings Release UnipolSai Assicurazioni SpA Q3 2020 Earnings Release Veidekke ASA Q3 2020 Earnings Release VERIANOS SE Annual Shareholders Meeting Voxeljet AG Q3 2020 Earnings Release WH Smith PLC FY 2020 Earnings Release Zealand Pharma A/S Q3 2020 Earnings Call Zurich Insurance Group AG Q3 2020 Earnings Call

ECONOMIC EVENTS (All times GMT)
0700 (approx.) Germany CPI Final mm for Oct: Expected 0.1%; Prior 0.1%
0700 (approx.) Germany CPI Final yy Oct: Expected -0.2%; Prior -0.2%
0700 (approx.) Germany HICP Final mm for Oct: Expected 0.0%; Prior 0.0%
0700 (approx.) Germany HICP Final yy for Oct: Expected -0.5%; Prior -0.5%
0700 (approx.) Germany CPI Final NSA for Oct: Prior 105.8
0700 (approx.) United Kingdom GDP Est 3M/3M for Sep: Expected 15.8%; Prior 8.0%
0700 United Kingdom GDP Estimate mm for Sep: Expected 1.5%; Prior 2.1%
0700 United Kingdom GDP Estimate yy for Sep: Expected -8.4%; Prior -9.3%
0700 United Kingdom Services mm for Sep: Expected 1.3%; Prior 2.4%
0700 United Kingdom Services yy for Sep: Expected -8.3%; Prior -9.5%
0700 United Kingdom Industrial Output mm for Sep: Expected 0.8%; Prior 0.3%
0700 United Kingdom Industrial Output yy for Sep: Expected -6.1%; Prior -6.4%
0700 United Kingdom Manufacturing Output mm for Sep: Expected 1.0%; Prior 0.7%
0700 United Kingdom Manufacturing Output yy for Sep: Expected -7.4%; Prior -8.4%
0700 United Kingdom Construction O/P Vol mm for Sep: Expected 2.1%; Prior 3.0%
0700 United Kingdom Construction O/P Vol yy for Sep: Expected -11.7%; Prior -13.0%
0700 United Kingdom Goods Trade Balance for Sep: Expected -9.5 bln GBP; Prior -9.01 bln GBP
0700 United Kingdom Goods Trade Balance Non-EU for Sep: Expected -2.4 bln GBP; Prior -2.308 bln GBP
0700 United Kingdom GDP Prelim qq for Q3: Expected 15.8%; Prior -19.8%
0700 United Kingdom GDP Prelim yy for Q3: Expected -9.4%; Prior -21.5%
0830 (approx.) Sweden CPI mm for Oct: Expected -0.1%; Prior 0.1%
0830 (approx.) Sweden CPI yy for Oct: Expected 0.4%; Prior 0.4%
0830 (approx.) Sweden CPIF mm for Oct: Expected -0.1%; Prior 0.1%
0830 (approx.) Sweden CPIF yy for Oct: Expected 0.3%; Prior 0.3%
0830 (approx.) Sweden CPI NSA for Oct: Prior 337.27
0830 (approx.) Sweden CPIF Ex Energy mm for Oct: Expected 0.1%; Prior 0.0%
0830 (approx.) Sweden CPIF Ex Energy yy for Oct: Expected 1.1%; Prior 0.9%
0930 (approx.) United Kingdom Business Invest qq Prelim for Q3: Prior -26.5%
0930 (approx.) United Kingdom Business Invest yy Prelim for Q3: Prior -26.1%
1000 Euro Zone Industrial Production mm for Sep: Expected 0.7%; Prior 0.7%
1000 Euro Zone Industrial Production yy for Sep: Expected -5.8%; Prior -7.2%
1100 Germany Refinitiv IPSOS PCSI for Nov: Prior 52.57
1100 France Refinitiv IPSOS PCSI for Nov: Prior 39.26
1100 United Kingdom Refinitiv IPSOS PCSI for Nov: Prior 42.38
1100 Italy Refinitiv IPSOS PCSI for Nov: Prior 37.13
1100 Spain Refinitiv IPSOS PCSI for Nov: Prior 33.94
1100 Sweden Refinitiv IPSOS PCSI for Nov: Prior 51.11
1100 Belgium Refinitiv IPSOS PCSI for Nov: Prior 39.12