EU BASIC INDUSTRIES: Syensqo: New CEO
• CEO Ilham Kadri to step down. Will remain as special advisor.
• Mike Radossich, President of "Performance & Care" and "Other Solutions" will succeed from 1st Jan.
(SYENS; Baa1/BBB+/NR)
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
RATINGS: Ireland & Latvia Affirmed On Friday
Sovereign rating reviews of note from after hours on Friday include:
• Moody's affirmed Ireland at Aa3; Outlook Positive
• Morningstar DBRS confirmed Latvia at A, Stable Trend
EUROSTOXX50 TECHS: (U5) Testing Resistance
- RES 4: 5575.00 High Mar 3 and a major resistance (cont)
- RES 3: 5568.00 High Mar 6
- RES 2: 5526.00 High Mar 19 / 20 (cont)
- RES 1: 5491.00 Intraday high
- PRICE: 5478.00 @ 06:47BST Aug 18
- SUP 1: 5363.22 20-day EMA
- SUP 2: 5345.89 50-day EMA
- SUP 3: 5280.00 Low Aug 7
- SUP 4: 5249.00 Low Aug 5
A bullish theme in Eurostoxx 50 futures remains intact and the contract is trading at its latest highs. The print above the May and July highs strengthens a bull theme and signals scope for a climb towards 5575.00, the Mar 3 high (cont) and key resistance. Moving average studies remain in a bull-mode position, highlighting an uptrend. Support to watch lies at 5345.89, the 50-day EMA.
EQUITY OPTIONS: Late large Estoxx Option on Friday
- SX5E (21st Nov) 4275/4225ps, bought for 1 in 75k.
- SX5E (21st Nov) 4625/4575ps, bought for 2 in 37.5k.
