Liveblog Archief woensdag 10 maart 2021

TOP NEWS
• U.S. House set for final approval of $1.9 trillion COVID-19 bill in early win for Biden
President Joe Biden is poised for his first major legislative victory when the House of Representatives is expected to approve his $1.9 trillion COVID-19 relief package, which forecasters predict will turbocharge the U.S. economy.

• AerCap to buy GE's aircraft-leasing unit in $30 billion deal
General Electric said Ireland's AerCap would acquire its aircraft-leasing business in a deal valued at more than $30 billion.

• Tesla says Shanghai factory not hacked after breach of Verkada surveillance cameras
U.S. electric vehicle maker Tesla said a hacking incident reported on Tuesday was restricted to a supplier's production site in Henan province, China, and its Shanghai car factory and showrooms were not affected.

• GameStop shares surge in early deals, on course to extend rally
Shares of GameStop jumped before the bell, setting the videogame retailer on track for its longest streak of daily gains in six months and extending a rally that has already doubled the company's market value..

• U.S. lawmakers to introduce antitrust bills to protect news media
A bipartisan group of U.S. lawmakers led by Senator Amy Klobuchar and Representative David Cicilline will introduce legislation aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook.


BEFORE THE BELL
Futures tracking the S&P 500 and the Nasdaq dipped as the U.S. bond yields ticked higher ahead of key bond auctions while investors cautiously awaited a reading on inflation later in the day. A rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks supported Europe's main index, but a drop in mining stocks capped gains. In Asia, China's blue-chip index ended higher, but policy tightening worries limited gains. Japanese shares ended nearly flat as year-end selloff by funds erased gains in technology stocks. Gold slipped as a buoyant dollar remained a stumbling block for bullion. Oil prices were little changed ahead of official U.S. inventory data.


STOCKS TO WATCH
Deals
• General Electric Co & AerCap Holdings NV: General Electric said Ireland's AerCap would acquire its aircraft-leasing business in a deal valued at more than $30 billion. The deal includes about $24 billion in cash, an about 46% stake in the combined company and $1 billion paid in AerCap notes and/or cash upon closing. GE plans to reduce debt by about $30 billion after closing using transaction proceeds and existing cash sources, the company said. The deal is expected to close in the fourth quarter of 2021, and the combined company will have more than 2,000 jets, dwarfing rivals by fleet. Citi and Goldman Sachs have provided AerCap with $24 billion of committed financing for the transaction.

Results
• Qualtrics International Inc: The company forecast revenue would beat analyst expectations in the current quarter and full year, but it reported revenue slightly below forecasts for the fourth quarter. The Provo, Utah-based business software firm forecast revenue midpoints of $227 million for its current first quarter and $952 million for the full year. Those exceeded estimates of $223 million and $943.3 million. Qualtrics generated an adjusted net loss of 2 cents per share during the fourth-quarter, smaller than its net loss of 5 cents per share a year earlier. "When you look at the subscription gross margins at 90%, for the annual period (of 2020), and then the overall gross margins of 76%, that allows us to then invest in the business," Qualtrics Chief Financial Officer Rob Bachman said.

IPOs
• Roblox Corp: The New York Stock Exchange on Tuesday set a reference price of $45 for shares of the U.S. gaming platform on the eve of its public market debut, implying a market value for the company of around $30 billion. The reference price is not an offering price to purchase shares but rather will be a performance benchmark for when Roblox's stock starts trading on the stock exchange. The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers.

In Other News
• Alphabet Inc: Google said it is reviewing recent advertisements run by a Myanmar military-backed telecommunications firm and has disabled some army-linked accounts on its services in the wake of the country's coup. The move comes as activists called on the U.S. technology giant to restrict access to its services after dozens of deaths following weeks of protests against the Feb. 1 seizure of power. "We have taken action against accounts on our platforms... including disabling accounts on Google services and taking down a number of YouTube channels and videos related to the Myanmar military," a Google spokeswoman said in a response to a Reuters question. The disabled accounts connected to the military included those on Gmail, the publishing platform Blogger and the Google Play store, according to Google.

• Alphabet Inc, Facebook Inc, Microsoft Corp & News Corp: A House Judiciary panel focused on antitrust will hear from three witnesses on Friday who represent a range of news organizations with concerns about how big tech platforms like Facebook and Alphabet's Google increasingly dominate their industry. The antitrust subcommittee leading the charge against tech platforms, and in this instance focusing on their relations with news organizations, will also hear from Microsoft President Brad Smith. Witnesses for Friday's hearing include David Chavern, head of the News Media Alliance which includes News Corp and USA Today among others; Emily Barr, who represents the National Association of Broadcasters and Graham Media Group, which has 7 local TV stations; and Jonathan Schleuss, president of the NewsGuild-CWA, a union representing journalists, the statement said.

• Amazon.com Inc: The U.S. House of Representatives on Tuesday narrowly approved legislation to expand protections for labor union organizing and collective bargaining, at a time when workers at an Amazon.com facility in Alabama are deciding whether to join a union. The bill now goes to the Senate where it is expected to have a more difficult path because Democrats and Republicans are split 50-50 in the chamber and most legislation needs at least 60 supporters to advance. Employees at the Amazon fulfillment center in Bessemer, Alabama, are voting whether to become the company's first workers to join a labor union. Amazon employs over 1 million workers and it is growing. Voting in the election continues through March 29.

• American Express Co: The company said not all of its employees would likely return to office. Amex may consider hiring from a larger talent pool in the future from cities where it does not have offices, said Steve Squeri, the U.S. card company's chief executive officer, at Citi's Global Property CEO Conference. "I don't think the work environment as we left it, will be the work environment we come back to," Squeri said, according to the transcript of the conference. The New York-based company in January had extended its work from home policy to Sept. 6, 2021 and Squeri hinted that the deadline could be extended till the end of the year.

• Apple Inc: Apple said it would establish a European silicon design centre in Munich, Germany, and invest more than $1.2 billion over the next three years in expanding its team there and in research and development. Munich is already Apple’s largest engineering hub in Europe, with close to 1,500 engineers from 40 countries working in areas including power management design, application processors, and wireless technologies. The new facility will be home to Apple’s growing cellular unit, and Europe’s largest R&D site for mobile wireless semiconductors and software, Apple said in a statement, adding that the team would focus on 5G and other wireless technologies.

• Athene Holding Ltd, Apollo Global Management Inc & JPMorgan Chase & Co: Greensill Capital's talks to sell parts of its business to the annuities provider have paused, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The talks between Athene, which agreed to merge with Apollo Global Management Inc on Monday, and Greensill have stalled due to a breakdown in discussions with front-end technology supplier Taulia, according to the report. The Wall Street Journal late on Tuesday reported that JPMorgan Chase & Co was teaming up with Taulia and that the U.S. bank would provide $3.8 billion to fund deals to former Greensill clients on Taulia's platform. A Taulia spokesperson confirmed the U.S. firm held conversations with Apollo over their plans to purchase parts of Greensill, adding Taulia wanted to continue giving clients "flexibility in the source of funding for early payments."

• BioNTech SE & Pfizer Inc: The European Commission said it has reached a deal with drugmakers Pfizer and BioNTech for the supply of an additional four million COVID-19 vaccine doses to be delivered this month. The doses will be supplied in addition to the planned deliveries, to ease border movement and to tackle virus hotspots, the Commission said. "Through their targeted use where they are most needed, in particular in border regions, these doses will also help ensure or restore free movement of goods and people," the president of the Commission, Ursula von der Leyen, said. Pfizer had previously committed to supply a total of 500 million vaccine doses to the European Union by the end of 2021.

• Blackrock Inc: The world's biggest asset manager told clients that 17% of the $2.4 trillion in assets it manages covered by new EU environmental, social and governance rules are classed as sustainable. However, 70% of the funds launched or repositioned in Europe this year should meet the new threshold, it told clients in a memo seen by Reuters, part of its drive to be a regional market leader in sustainable finance. “Our ambition is to move more money into sustainable products than any other asset manager in Europe,” Thomas Fekete, head of BlackRock Sustainable Investing for EMEA, told Reuters. BlackRock, which manages around $8.7 trillion globally, said SFDR would boost demand for sustainable products in Europe, as more investors look to capture the opportunity created by the global transition to a low-carbon economy.

• Carlyle Group Inc: Siemens has completed the sale of its Flender mechanical and electrical drive systems business to Carlyle Group for an enterprise value of $2.41 billion, the German engineering company said. The deal, which was first announced last October, will go ahead after all the relevant authorities gave their approvals, Siemens said. As previously announced, the sale of Flender results in a disposal gain of a euro amount in the mid-triple-digit millions for Siemens, the company said, although it did not give further details.

• Cloudflare Inc, Okta Inc & Tesla Inc: A small group of hackers viewed live and archived surveillance footage from hundreds of businesses including the EV maker by gaining administrative access to camera maker Verkada over the past two days, one of the people involved in the breach told Reuters. Swiss software developer Tillie Kottmann, who has gained attention for finding security flaws in mobile apps and other systems, shared with Reuters recordings from inside a Tesla factory in China and showroom in California. Verkada acknowledged an intrusion, saying it had disabled all internal administrator accounts to prevent unauthorized access. The hacking group, if it had chosen, could have used its control of the camera gear to access other parts of company networks at Tesla and software makers Cloudflare Inc and Okta Inc, according to Kottmann.

• Credit Suisse Group AG: The head of Swiss bank's European asset management division and two other employees who worked on the bank's Greensill Capital supply-chain finance funds have temporarily stepped aside, according to an internal bank memo. Credit Suisse froze $10 billion worth of funds last week that invested in securities created by the specialty finance firm. Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and Credit Suisse is in the process of liquidating the funds and returning cash to investors. Meanwhile, the bank has appointed receivers to recover a bridging loan of about $140 million made to a Greensill company in Australia, two people familiar with the matter told Reuters.

• Facebook Inc: Facebook said it was launching a "lite" version of Instagram in 170 countries that will enable people with poor internet to access the photo and video sharing social networking service. Instagram Lite will be available for Android-based phones and require less bandwidth than the traditional version. The app itself requires just 2 megabytes (MB) - versus 30 MB for Instagram - and runs even on slower 2G networks, allowing customers in parts of India, Africa, Asia and Latin America with older internet infrastructure to access the service. In addition to the lite versions, Facebook in Tel Aviv also developed the Express WiFi service to bring internet access to some 20 countries in Africa, Asia, and South America.

• Independence Holdings Corp: The blank check firm co-founded by one of the most prominent U.S. financial technology investment bankers will broaden its search for merger partners to companies worth up to $10 billion after pricing a larger initial public offering. Independence Holdings Corp priced a $435 million IPO on Monday, having increased the number of units sold due to investor demand. Pulling in extra cash and fully exercising the greenshoe, a share allotment potentially sold in the days after an IPO prices, McLaughlin told Reuters on Tuesday, will allow Independence to target larger fintech companies, beyond the $5 billion maximum size previously considered. "We provide an incredibly attractive option for a company as we've successfully taken many companies through this complex process, so we can give comfort to founders and investors along the way," McLaughlin said.

• Oshkosh Corp: Three U.S. House lawmakers introduced legislation on Tuesday calling on the U.S. Postal Service to freeze the company's $482 million contract that would finalize production of the next-generation postal vehicles until the deal can be reviewed. "Why would you put us back on that treadmill? You are going to have built these vehicles for obsolescence," Huffman told Reuters on Tuesday. "They will be the last vehicles running on fossil fuels on the road. It's insane." Huffman said he has been unable to view USPS's contract with Oshkosh for the delivery vehicles. Huffman's bill would require at least 75% of the new fleet be electric or zero-emission vehicles.

• PayPal Holdings Inc: The U.S. payments giant said it will launch its "buy now, pay later" (BNPL) option in Australia this June, muscling in further on Afterpay and others for share in the booming industry. So far PayPal's new BNPL option has been rolled out in the United States and Britain where by the end of the December quarter it said it had handled more than $750 million of transactions. The U.S. payments giant now plans to bring its interest-free "Pay in 4" service to its more than 9 million customers in Australia, where regulation of the fast-growing space is thin compared to other consumer finance categories, while adoption is higher than other markets.

• Pfizer Inc: The company has told the Indian government it wants to produce its coronavirus vaccine locally if assured of faster regulatory clearance and freedom on pricing and exports, two sources with direct knowledge of the matter told Reuters. The U.S. company pulled an application last month seeking emergency approval for its product in India after the drug regulator declined its request to skip a small local safety trial. Pfizer was the first company to apply for emergency use authorisation in India, proposing to import doses from its U.S. and European facilities instead of producing locally. Another source confirmed Pfizer was interested in manufacturing in India but Reuters could not find a second confirmation on Moderna.

• Twitter Inc: Russia said it was slowing down the speed of Twitter in retaliation for its alleged failure to remove banned content and threatened a total block if the U.S. platform did not comply with its deletion demands. The move comes weeks after Russian authorities accused Twitter and others of failing to delete posts it said illegally urged children to take part in anti-Kremlin protests. Roskomnadzor, the state communications regulator, said in a statement that as of Wednesday there were more than 3,000 posts containing illegal content on Twitter, which it accused of ignoring its deletion requests for years. "The slowing down will be applied to 100% of mobile devices and on 50% of non-mobile devices," the regulator said.


ANALYSIS
With $1,400 stimulus checks set to hit bank balances, stocks could benefit
A chunk of President Joe Biden's coronavirus relief package is poised to end up in the stock market and could provide a boost for GameStop and other stocks embraced by individual investors active in online social media forums.


ANALYSTS' RECOMMENDATION
• BridgeBio Pharma Inc: JPMorgan raises price target to $82 from $78, noting the company's vast pipeline of diverse programs that are supported by a novel corporate structure and business model is optimized for efficient resource allocation and decision making.

• Chevron Corp: Scotiabank raises price target to $115 from $110, following an improved guidance for shale production during the company's recent investor day where it reaffirmed its committment to take a measured approach in low carbon investments.

• Draftkings Inc: Jefferies raises price target to $75 from $73, citing the continued strength of digital gaming and the company's benefits from its efforts in improving spending efficiencies, customer retention and cross-selling capabilities.

• Qualtrics International Inc: Oppenheimer cuts price target to $55 from $60, following fourth-quarter results that pointed to slower annual growth and decelerating revenue in the U.S. while holding on to an overtly conservative outlook.


ECONOMIC EVENTS (All timings in U.S. Eastern Time)
0830 (approx.) Core CPI mm SA for Feb: Expected 0.2%; Prior 0.0%
0830 (approx.) Core CPI yy NSA for Feb: Expected 1.4%; Prior 1.4%
0830 (approx.) CPI Index NSA for Feb: Expected 263.082; Prior 261.582
0830 (approx.) Core CPI Index SA for Feb: Prior 270.03
0830 (approx.) CPI mm SA for Feb: Expected 0.4%; Prior 0.3%
0830 (approx.) CPI yy NSA for Feb: Expected 1.7%; Prior 1.4%
0830 (approx.) Real weekly earnings mm for Feb: Expected 0.1%; Prior 0.8%
0830 (approx.) CPI mm NSA for Feb: Prior 0.430%
0830 (approx.) CPI Index SA for Feb: Prior 262.230
0830 (approx.) CPI Wage Earner for Feb: Prior 255.296
1000 (approx.) Cleveland fed CPI for Feb: Prior 0.1%
1100 Refinitiv IPSOS PCSI for Mar: Prior 50.92
1400 Federal budget for Feb: Expected -$265.00 bln; Prior -$163.00 bln


COMPANIES REPORTING RESULTS
Oracle Corp: Expected Q3 earnings of $1.11 per share​


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Campbell Soup Co: Q2 earnings conference call
0800 Gracell Biotechnologies Inc: Q4 earnings conference call
0800 Multiplan Corp: Q4 earnings conference call
0800 Oak Street Health Inc: Q4 earnings conference call
0830 ABM Industries Inc: Q1 earnings conference call
0830 Establishment Labs Holdings Inc: Q4 earnings conference call
0830 Surgery Partners Inc: Q4 earnings conference call
0830 Tupperware Brands Corp: Q4 earnings conference call
0830 United Natural Foods Inc: Q2 earnings conference call
0830 Vertex Inc: Q4 earnings conference call
0900 Analog Devices Inc: Annual Shareholders Meeting
0900 Driven Brands Holdings Inc: Q4 earnings conference call
0900 GreenSky Inc: Q4 earnings conference call
0900 Hill-Rom Holdings Inc: Annual Shareholders Meeting
1230 Qualcomm Inc: Annual Shareholders Meeting
1630 Asana Inc: Q4 earnings conference call
1630 Bumble Inc: Q4 earnings conference call
1630 Franchise Group Inc: Q4 earnings conference call
1630 Protagonist Therapeutics Inc: Q4 earnings conference call
1630 Sumo Logic Inc: Q4 earnings conference call
1630 Tattooed Chef Inc: Q4 earnings conference call
1700 AMC Entertainment Holdings Inc: Q4 earnings conference call
1700 Calavo Growers Inc: Q1 earnings conference call
1700 Cloudera Inc: Q4 earnings conference call
1700 Lexicon Pharmaceuticals Inc: Q4 earnings conference call
1700 Oracle Corp: Q3 earnings conference call
1700 Rush Street Interactive Inc: Q4 earnings conference call


EXDIVIDENDS
Crown Holdings Inc: Amount $0.20
Home Depot Inc: Amount $1.65
Insperity Inc: Amount $0.40
Mdu Resources Group Inc: Amount $0.21
Ormat Technologies Inc: Amount $0.12
Spire Inc: Amount $0.65
TransUnion: Amount $0.07

De ene dag is nog gekker dan de andere momenteel, zie de tech indices gisteren, weer bijna een record plus op de borden want +4% zien we haast NOOIT. Als we het samenvatten, vrijdag al zo'n volatiliteit, maandag verloor de Nasdaq fors en gisteren meteen een reactie met bijna 4% omhoog. Kunt u het nog volgen allemaal? Ik heb er uiteraard de nodige moeite mee, dat is logisch want wie niet zou ik zeggen? Aan de andere kant heb ik gelukkig veel geleerd van wat er vorig jaar in november gebeurde en kan ik nu wel redelijk veilig in de markt zitten.

Wat een geweld de afgelopen dagen, gisteren was het weer een sessie waar er nogal wat divergentie kwam want deze keer deed de Nasdaq het goed terwijl de Dow Jones het met 30 punten winst moest doen. De Sector rotatie tussen de technologie en de rest blijft dus een item in deze markt, je moet dus goed opletten wat je doet en alles gaat niet zomaar meer samen op en neer zoals we gewend zijn. Hier zie je een overzicht met die top 6 aandelen binnen de Nasdaq, Tesla valt op dit soort dagen op natuurlijk want het aandeel won maar liefst 19% wat natuurlijk te gek voor woorden is maar iets waar we in deze markt wel rekening mee moeten houden blijkbaar.

Bij de verliezers nu vooral de financiële waarden en de industrie aandelen. Walt Disney en American Express verloren 3,5% terwijl Dow Inc. en Caterpillar 2% verlies laten zien.

In Europa dan toch wel weer een sterke sessie en dan vooral de AEX index viel op door dat ASML voor de 2e dag op rij fors hoger geraakt. Vergeet ook niet dat de AEX ofwel Europa om 17:30 sluiten en toen stonden alle indices op Wall Street nog fors in de plus, de Dow en de S&P 500 verloren pas een groot deel van hun winst tijdens het laatste uur van de sessie. De DAX en de CAC 40 geraken zo weer wat hoger na de zeer stevige stijging van maandag, beide indices winnen 0,4% terwijl de AEX met 1,4% winst de dag afsloot.

De grote bewegingen komen vooral door de sector rotatie maar zeker ook door dat de euro ten opzichte van de dollar grotere uitslagen begint te maken. Dat is iets wat nu ook mee speelt, we komen vanaf de 1.225 dollar met de euro en nu staat de euro al onder de 1,19 dollar. De rente en valuta markt zijn moeilijk in te schatten momenteel en dat zorgt ervoor dat de markten extreem volatiel blijven.

Ook vandaag verwacht ik weer een volatiele sessie want voorbeurs zien we via de futures al de nodige uitslagen. Er kan snel weer onrust komen met sector rotatie zodra de rente weer in beweging komt, dat zal dan dichter bij de opening van Wall Street wel duidelijk worden. Bekijken we de indices technisch dan blijven de Nasdaq, Nasdaq 100 en de SOX index duidelijk in de gevarenzone, ik zie daar nog niet zo snel een duurzaam herstel op gang komen. De tech indices staan onder hun 50-daags gemiddelde momenteel en het lijkt erop dat ze het 200-MA willen gaan opzoeken later.

Aan de andere kant zie ik dat de meer traditionele indices ook in hun gevarenzone terecht kunnen komen nu ze hun top weer testen of zelfs doorbreken. In ieder geval opletten nu, deze markt toont veel gevaar op meerdere vlakken.

Opletten op dat soort dagen belangrijk:
Soms moet je op een bepaald moment keuzes maken en dat heb ik al gemaakt en let wel, op enkele indices waar ik denk dat het kan. De Nasdaq heb ik dus nog NIET gekozen maar dat kan wel komen zodra ik zie dat het weer gaat draaien daar. Dus er lopen wat short posities op niet tech indices deze keer, als u lid wordt dan kunt u nog mee met de posities die open staan. U kunt op de site dan alles inzien via de Tradershop ...

Als coach is het niet alleen mijn taak om signalen te versturen, te handelen, het is ook mijn taak om voorzichtig te blijven en daarom hou ik het bij kleine posities voorlopig, door de volatiliteit kunnen die ook op een redelijke winst geraken als we de juiste richting te pakken hebben.

Eerste posities maart met winst gesloten:
Maandag werd er een positie met winst gesloten bij Guy Trading, die was op de Brent olie. Verder werden er dus wat nieuwe posities opgenomen zoals ik al aangaf. Het resultaat van deze maand MAART blijft mooi in ieder geval, nu eens zien wat de lopende posities kunnen opleveren later deze week.

Onderaan deze update ziet u nog een overzicht wat betreft Trading en een aanbieding om mee te doen met onze signalen tot 1 MEI. Via de site en dan de Tradershop kunt u de posities met alle details zien staan. https://www.usmarkets.nl/tradershop

De LIVEBLOG en Twitter:
Via de LIVEBLOG en tussendoor ook via mijn Twitter account laat ik gedurende de dag ook wat grafiekjes met korte uitleg voorbij komen over de markt. Op Twitter kunt u mij volgen via @USMarkets dan kunt u deze snelle informatie die ik deel uiteraard ook inzien .... https://twitter.com/USMarkets , ook opvallende beursfeiten komen er vaak langs !

Euro, olie en goud:
De euro zien we nu rond de 1.188 dollar, de prijs van een vat Brent olie komt uit op 67 dollar terwijl een troy ounce goud nu op 1712 dollar staat.

Inter Market overzicht op slotbasis ...

Nu lid worden tot 1 MEI voor €39?
Blijven schakelen tussen long en short blijft belangrijk de komende weken. Ook deze maand (maart) krijgen we genoeg kansen. Doe nu in ieder geval mee met de proef aanbieding voor nieuwe leden, die loopt tot 1 MEI en dat met een mooie korting !! ... €39 tot 1 MEI 2021 ... en voor Polleke €49 tot 1 MEI 2021 !!! https://www.usmarkets.nl/tradershop

Schrijf u in voor Systeem Trading (€39 tot 1 MEI)

Schrijf u in voor Index Trading (€39 tot 1 MEI)

Schrijf u in voor Guy Trading (€39 tot 1 MEI)

Schrijf u in voor Polleke Trading (€49 tot 1 MEI)

Schrijf u in voor de Aandelen portefeuille (€30 tot 1 MEI)

Schrijf u in voor COMBI TRADING (€79 tot 1 MEI)

Hieronder het resultaat maand Maart (2021) ...

Hieronder het resultaat tot nu toe dit jaar (2021) ...

Met vriendelijke groet,
Guy Boscart

GLOBAL TOP NEWS
The U.S. House of Representatives voted on Tuesday to advance President Joe Biden's $1.9 trillion COVID-19 relief bill, clearing the way for the measure to be considered on Wednesday, when it is expected to pass.

China's factory gate prices rose at the fastest pace since November 2018 in February as manufacturers raced to fill export orders, raising expectations for robust growth in the world's second-largest economy in 2021.

Shares of electric vehicle maker Tesla surged nearly 20% on Tuesday, rebounding from a deep selloff with its largest daily gain in a year after data showed an increase in China sales and an analyst raised his rating on the stock.


EUROPEAN COMPANY NEWS
Swiss bank Credit Suisse has appointed receivers to recover a bridging loan of about $140 million made to a Greensill company in Australia, two people familiar with the matter told Reuters.

Norway has suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses the security implications for the country's navy and the civilian sector, the government said on Tuesday.

A federal judge on Tuesday approved Daimler's $1.5 billion settlement to resolve a U.S. government probe into the German automaker's use of undisclosed software that allowed excess diesel pollution to be emitted by 250,000 of its vehicles in the United States.


TODAY'S COMPANY ANNOUNCEMENTS
Acea SpA FY 2020 Earnings Call
Adidas AG FY 2020 Earnings Release
Agfa Gevaert NV Q4 2020 Earnings Call
Ascendis Pharma A/S FY 2020 Earnings Call
Balfour Beatty PLC FY 2020 Earnings Release
Blackrock Income and Growth Investment Trust PLC Annual Shareholders Meeting
Bpost SA Q4 2020 Earnings Call
Breedon Group PLC FY 2020 Earnings Call
Brenntag SE Q4 2020 Earnings Call
Broedrene Hartmann A/S FY 2020 Earnings Call
Clas Ohlson AB Q3 2021 Earnings Release
CLS Holdings PLC FY 2020 Earnings Release
Etablissements Maurel et Prom SA FY 2020 Earnings Call
Foxtons Group PLC FY 2020 Earnings Call
Geberit AG Q4 2020 Earnings Release
Guala Closures SpA Q4 2020 Earnings Call
Ibstock PLC FY 2020 Earnings Call
Industria de Diseno Textil SA FY 2020 Earnings Call
Johnson Controls International PLC Annual Shareholders Meeting
Just Eat Takeaway.com NV FY 2020 Earnings Call
Kloeckner & Co SE FY 2020 Earnings Release
LEG Immobilien AG Q4 2020 Earnings Release
Legal & General Group PLC FY 2020 Earnings Release
Leonardo SpA Q4 2020 Earnings Call
Maire Tecnimont SpA FY 2020 Earnings Call
Maisons du Monde SA FY 2020 Earnings Release
Martin Currie Global Portfolio Trust PLC Shareholders Meeting
Mikron Holding AG FY 2020 Earnings Release
Neonode Inc Q4 2020 Earnings Call
NNIT A/S Annual Shareholders Meeting
Personal Assets Trust PLC Shareholders Meeting
Photo-Me International PLC FY 2021 Earnings Release
Pirelli & C SpA FY 2020 Earnings Call
Prada SpA FY 2021 Earnings Call
Prysmian SpA FY 2020 Earnings Call
Quilter PLC FY 2020 Earnings Call
Scandinavian Tobacco Group A/S FY 2020 Earnings Call
Spirax-Sarco Engineering PLC FY 2020 Earnings Call
TE Connectivity Ltd Annual Shareholders Meeting
Titon Holdings PLC Annual Shareholders Meeting
Tod's SpA FY 2020 Earnings Call
Tritax Big Box Reit PLC FY 2020 Earnings Call
TT electronics PLC Q4 2020 Earnings Call
Tullow Oil PLC FY 2020 Earnings Release


ECONOMIC EVENTS (All times GMT)
0530 Netherlands Manufacturing Output mm for Jan: Prior 0.5%
0745 France Industrial Output mm for Jan: Expected 0.5% ; Prior -0.8%
0900 (approx.) Italy Producer Prices mm for Jan: Prior 0.5%
0900 (approx.) Italy Producer Prices yy for Jan: Prior -1.8%
1100 (approx.) Portugal CPI mm for Feb: Prior -0.5%
1100 (approx.) Portugal CPI yy for Feb: Prior 0.5%
1100 (approx.) Portugal CPI NSA for Feb: Prior 103.540


DEBT AUCTIONS
Germany - Reopening of 5-year government debt auction.
Italy - Reopening of 1-year government debt auction.
Portugal - Reopening of 7-year and 10-year government debt auctions.
Sweden - Reopening of 3-year and 11-year government debt auctions.
Switzerland - Reopening of 5-year, 11-year and 18-year government debt auctions.
United Kingdom - Reopening of 10-year government debt auction.