European indices hit lows just post midday, again rebounding on a move higher in the States. While off of highs most indices finished again to the upside while Italy and Sweden were a hair lower. Banks finished down small post the JPM news with Media joining the sector for small losses. Healthcare and Tech names finished up a percent with volume down 5% on the day.
Later today the UK Parliament will vote on PM May’s Brexit plan with headlines hitting that the EU will not alter its agreement in the deal. The Pound has fallen throughout the day, currently knocking on the 1.27 level.
Swiss Re fell 1.5% post noting natural and man-made disasters resulted in $1B in fourth quarter claims. For the year, the number hit nearly $3B with California fires accounting for $375M. Industry-wide, insured losses for last year hit $81B.
Shareholders in BooHoo -9% shed a tear today after the firm pared slightly its FY adj core op profit view. Revenue growth expectations were upped to 43-45% from the prior 38-43%.
Sweden’s Millicom Intl Cellular rallied 7% after Liberty Latam America confirms they are in talks.
From earlier: William Hill -2.9%, GVC Holdings -2.8%, Paddy Power -.8%, 888 Holdings -7.5%, Peugeot +1.3%, Deutsche Post -2%.
New home price readings for December are expected in China along with producer prices, Core Machine orders, and their Tertiary Industry reading in Japan. Westpac Consumer confidence readings are due tonight Down Under. EU27 New Car Registration data will be released tomorrow along with UK and German inflation readings.