EU HEALTHCARE: Novo Nordisk: Q3 Results Headlines (NOVOB; Aa3/AA/NR)

Nov-05 07:39

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Reduces guidance for FY again but M&A is the bigger topic. * Q3 Sales DKK 74,976 +5% reported. A 2% ...

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EQUITY OPTIONS: Estoxx Put Spread

Oct-06 07:35

SX5E (21st Nov) 5550/4800ps, bought for 66.3 in 4k vs 1.24k at 5660.00.

MNI: EUROZONE SEP CONSTRUCTION PMI 46.0 (46.7 AUG)

Oct-06 07:30
  • MNI: EUROZONE SEP CONSTRUCTION PMI 46.0 (46.7 AUG)

SPAIN DATA: Another Small Decline In IP, But Underlying Signals Remain Positive

Oct-06 07:29

Spanish industrial production fell 0.1% M/M SA in August, the second consecutive sequential decline. Only three analysts had submitted forecasts for the print, with estimates ranging from -0.2% to +0.7% M/M. Though sequential growth rates have been negative for two months now, 3m/3m and Y/Y comparisons remain in positive territory. Furthermore, signals from the manufacturing PMI suggests underlying IP momentum remains positive.

  • Across sub-components, August’s M/M fall was centred in intermediate goods (-1.5% M/M) and energy (-0.7% M/M). There was a solid 2.6% increase in capital goods production, but this followed a 2.9% fall in July. Consumer goods production was +0.2% M/M, after -0.1% in July and -0.3% in June.
  • Annual SA industrial production growth was 3.4% in August, up from 2.7% in July (revised up from 2.5% initial). This was the strongest Y/Y rate in over two years.
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