International Paper
27 марта, 17:59

International Paper's Revised Bid Rejected by Smurfit Kappa

The second offer within a month by International Paper (IP) to acquire Smurfit Kappa indicates its urgency to expand beyond North America

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26 марта, 19:51

Smurfit/International Paper: package deal

Dublin-based company is unlikely to fold, unless the price is right

26 марта, 16:22

Smurfit Kappa отклонила новое предложение о поглощении со стороны International Paper на сумму $11 м

Ирландский производитель упаковочной продукции Smurfit Kappa Group вновь отклонил предложение о поглощении со стороны американской корпорации International Paper, сумма которого на этот раз составила 8,9 млрд евро ($11 млрд). Так, совет директоров Smurfit единогласно отверг новую заявку американской компании, согласно которой последняя предложила 37,54 евро за каждую акцию Smurfit (25,25 евро наличными и 0,3028 новой акции International Paper) по сравнению с первоначально предложенными 6 марта 36,46 евро за бумагу. Стоит отметить, что в штате Smurfit Kappa, продажи которой в 2017 году составили 8,6 млрд евро, числятся около 46000 сотрудников.

26 марта, 16:14

Smurfit Kappa отклонила новое предложение о поглощении со стороны International Paper на сумму $11 м

Ирландский производитель упаковочной продукции Smurfit Kappa Group вновь отклонил предложение о поглощении со стороны американской корпорации International Paper, сумма которого на этот раз составила 8,9 млрд евро ($11 млрд). Так, совет директоров Smurfit единогласно отверг новую заявку американской компании, согласно которой последняя предложила 37,54 евро за каждую акцию Smurfit (25,25 евро наличными и 0,3028 новой акции International Paper) по сравнению с первоначально предложенными 6 марта 36,46 евро за бумагу. Стоит отметить, что в штате Smurfit Kappa, продажи которой в 2017 году составили 8,6 млрд евро, числятся около 46000 сотрудников.

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Выбор редакции
26 марта, 14:13

Smurfit rejects second bid from International Paper

US group says combination of two makes ‘compelling strategic and financial rationale’

26 марта, 13:45

S&P Futures Soar, Global Stocks Rebound As Trade War "Perfect Storm" Fears Fade

It seems that "Black Monday" has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, starting in Asian markets and proceeding to Europe and US stock futures, which are up 1.4%, and back over the key 2,610 support level. In other words, once again the 200DMA at 2,585 has proven a key support for the S&P500. “It was the week when one bad thing led to another, it was a perfect storm,” said Jim Paulsen, chief investment strategist at Leuthold Weeden Capital Management. “You took the starch out of the FANGs, you saw banks, industrials, discretionary companies reacting to negative news. What investors are not pricing in is a potential impact on companies’ profit margins." On Monday, the perfect storm had faded, although it remained to be seen if this was just the eye of the hurricane. What prompted the surge: the most commonly cited reason is that jitters over brewing trade tensions between the U.S. and China have again eased, after Treasury Secretary Steven Mnuchin told Fox News that he’s "cautiously hopeful" the U.S. can reach a trade  deal with China that will avert the need for Trump to impose up to $60BN in tariffs on China - of course, what else would he say? There was also renewed optimism that the United States and China are set to begin negotiations on trade, following reports in both the FT and WSJ, further easing fears about a trade war between the world’s two largest economies. MSCI’s world equity index turned positive on the day, having earlier hit its lowest level since February 9, after a Wall Street Journal report that Treasury Secretary Mnuchin was considering a visit to Beijing to begin negotiations. “I don’t think that long-term the tariffs will continue to be enforced,” Scot Lance, managing director at California-based Titus Wealth Management, said by phone. “They’ll pull them off the table at some point, I just don’t know if that will be a week, a month, a quarter? Could it last a whole year? I don’t necessarily think it’ll last for a long time.” All of the uncertainty has kept the once-reliable dip buyers on the sidelines this time. Consider: as Bloomberg notes, the S&P 500 has closed lower than the midpoint of its daily range for 10 straight days, the longest stretch since at least 1982. That suggests traders are finding reasons to dump shares in the afternoon rather than buy dips. That sentiment may have reversed this morning, however: "It appears that the market is not expecting a full-blown trade war, and a currency war for competitive advantage is not a likely option at this moment," said Mizuho's Ken Cheung, who will clearly retract and say the opposite should futures reverse their gain and slump. "Risk sentiment, as being reflected by Asian equities, and further responses from the Chinese authorities to the trade war will drive the market." Also overnight, as we reported previously, the U.S. and South Korea reached an agreement on revising their trade deal, with South Korea avoiding steel tariff, which was also to be expected, as the target of Trump's trade war - it has become especially obvious by now - is not Europe, and not all of Asia, but simply China. As a result, S&P futures are sharply higher in early trade, and the S&P trying to undo all of its 2.1% losses from Friday, although it may have a harder time to offset last week's 6% loss, which was the biggest weekly drop since early 2016. European shares headed for their first gain in four days as investors assess the latest developments in a trade conflict between the world’s two largest economies.  European bourses are higher across the board (Eurostoxx +0.4%) with the exception of the FTSE MIB (-0.3%), shrugging off Friday's negative sentiment. Sectors are making broad gains, healthcare is outperforming after a positive drug update from Roche (+1.6%) and energy is underpinned despite slightly softer oil prices. Asian markets also stabilized, with the ASX 200 down -0.5% led lower by its largest-weighted financials sector after the harsher losses seen in its US counterparts, while the Nikkei 225 fell to a near 6-month low, before staging a late rally back into positive territory, closing 0.6% higher after dropping -1.3%. Elsewhere, Shanghai the Shanghai Composite dropped -0.6%, weighed by trade tensions and rising Chinese money market rates (HKD 12-month HIBOR at 9-year high), while the KOSPI (+0.8%) bucked the trend after news that US and South Korea agreed in principal to a revised FTA and with South Korea to be exempted from US tariffs. In macro and FX, the risk on sentiment sent the yen sliding from a 16-month high as calm returned, if only for the time being, to world markets amid signs U.S.-China trade frictions may be easing.  The USD/JPY rose 0.3% to 105.10 after earlier falling to 104.56, lowest since November 2016.  "Risk aversion seems to have come a full circle with the first reaction to U.S.-China trade tensions last week, and it may be difficult to buy up the yen further without additional negative factors,” said Koji Fukaya, CEO at FPG Securities. On the other side, Daisuke Karakama, chief market economist at Mizuho Bank in Tokyo said that “markets are now in the phase of waiting for Nikkei stock average to fall below 20,000 and USD/JPY to drop towards 100, so it’s meaningless to give specific projections before those levels." Meanwhile, bond markets this week will see another deluge of issuance, and bond traders will be tested this week as the Treasury will auction about $294 billion of bills and notes, the largest slate of supply ever. China last week did not rule out scaling back its purchases of U.S. debt as part of its response to proposed tariffs. The 10-year yield held near 2.84%. Concerns over the formation of a new anti-establishment government in Italy weighed on Southern European debt on Monday, though this was counterbalanced to an extent by a ratings upgrade for Spain late on Friday. Italian bonds underperformed, with 10-year yields rising as much as 4.5 basis points in early trade, on further signs the anti-establishment 5-Star Movement and the anti-migrant League might explore an alliance to form a government. But the euro was still on a positive trajectory, hitting a 10-day high of $1.2393 at one stage. In commodities, international Brent crude futures opened above $70 per barrel for the first time since January but the gains could not be sustained as the ongoing trade disputes weighed on global markets. Spot gold had hit five-week highs early but turned negative as the session wore on and was marginally lower on the day at $1,345. In M&A, Smurfit Kappa rejected International Paper’s revised takeover bid, while the U.K.’s JD Sports Fashion agreed to buy Finish Line in a $558 million deal. Red Hat and Paychex are among companies reporting earnings today. Bulletin Headline Summary from RanSquawk European bourses shrug off trade concerns with China looking to step up efforts in trade negotiations with the US A softer USD has seen EUR/USD and GBP/USD reclaim 1.2400 and 1.4200 to the upside respectively Looking ahead, highlights include ECB’s Weidmann, Fed’s Dudley and Mester Market Snapshot S&P 500 futures up 1.35% to 2,632.50 MSCI Asia Pac up 0.4% to 172.60 MSCI Asia Pac ex Japan up 0.5% to 567.49 Nikkei up 0.7% to 20,766.10 Topix up 0.4% to 1,671.32 Hang Seng Index up 0.8% to 30,548.77 Shanghai Composite down 0.6% to 3,133.72 Sensex up 1% to 32,924.47 Australia S&P/ASX 200 down 0.5% to 5,790.47 Kospi up 0.8% to 2,437.08 STOXX Europe 600 up 0.4% to 367.17 German 10Y yield rose 0.9 bps to 0.536% Euro up 0.3% to $1.2388 Italian 10Y yield fell 0.9 bps to 1.622% Spanish 10Y yield fell 1.0 bps to 1.259% Brent Futures down 0.2% to $70.30/bbl Gold spot little changed at $1,347.94 U.S. Dollar Index down 0.2% to 89.28 Top Overnight News China and the U.S. are said to quietly have started negotiating to improve U.S. access to Chinese markets, the WSJ reported, with talks being led by Chinese President Xi Jinping’s top economic aide, Liu He, U.S. Treasury Secretary Steven Mnuchin, and U.S. trade representative Robert Lighthizer Mnuchin says he is ‘hopeful’ that a truce can be reached with China on trade; WSJ reports that China and U.S. quietly started negotiating to improve U.S. access to Chinese markets, according to sources China is conducting research on second and third lists of U.S. imports subject to the tariffs, China Daily reports; likely to cover airplanes, computer chips and tourism industry SF Fed’s Williams is the leading candidate to become next president of the Federal Reserve Bank of New York, WSJ reports, citing sources Italy’s Northern League leader Salvini says that he’s ready to start govt. talks with everyone including Five Star Trump is preparing to expel dozens of Russian diplomats from the U.S. in response to the nerve-agent poisoning of a former Russian spy in the U.K; likely to be announced today according to people familiar Guo Shuqing, a high-profile banking regulator and ally of Jinping in cleaning up the financial system, is said to have been appointed as Communist Party secretary of the People’s Bank of China China launched its first ever crude-futures contract as the world’s biggest oil buyer seeks to wield greater power over pricing and challenge benchmarks in the U.S. and Europe New Zealand’s central bank agreed to target maximum employment alongside price stability in anticipation of a dual mandate being enshrined in law later this year League leader Matteo Salvini said he would start talks with Luigi Di Maio of the anti-establishment Five Star Movement and other party leaders on forming Italy’s next government, with pension reform, tax cuts and curbs on immigration as his priorities U.S. President Donald Trump is poised to take his most aggressive actions yet against Russia on Monday, when he’s likely to announce the expulsion of dozens of diplomats in response to the nerve-gas attack on a former Russian spy living in the U.K. Asian stocks began the week mostly negative as trade concerns remained at the forefront of market focus and following last week’s losses on Wall St where stocks posted their worst weekly performance in over 2 years and the DJIA slipped into correction territory. ASX 200 (-0.5%) was negative with the index led lower by its largest-weighted financials sector after the harsher losses seen in its US counterparts, while Nikkei 225 (+0.6%) fell to a near 6-month low, before staging a late rally back into positive territory. Elsewhere, Shanghai Comp. (-0.6%) was weighed by trade tensions and rising Chinese money market rates (HKD 12-month HIBOR at 9-year high), while KOSPI (+0.8%) bucked the trend after news that US and South Korea agreed in principal to a revised FTA and with South Korea to be exempted from US tariffs. Finally, 10yr JGBs were subdued as prices failed to benefit from a risk-averse tone with demand dampened amid a lack of Rinban announcement by the BoJ, while a tier-1 US firm was said to be cautious on 2yr JGBs amid expectations for an increase in auction supply.  Top Asian News The Builder of One of the World’s Largest Airports Revives IPO TPG Said to Near Deal for $1.2 Billion Indian Hospital Chain In Xi’s China Even the Central Bank Has a Party Boss at the Helm Thailand’s Red Bull Rival Slumps From Top to Bottom of World European equities are higher across the board (Eurostoxx +0.3%) with the exception of the FTSE MIB (-0.3%), shrugging off the negative sentiment on Wall Street and Asia dictated by looming trade disputes between China and the US. Sectors are making broad gains, healthcare is outperforming after a positive drug update from Roche (+1.6%) and energy is underpinned despite slightly softer oil prices. In terms of individual movers, Fresnillo (+5.5%) is the outperformer in the FTSE100 after an upgrade from Goldman Sachs whereas Smurfit Kappa (-4.3%) is the laggard following its refusal of the takeover offer from International Paper. Top European News Catalan Separatists Face Reality Check After Puigdemont Detained Givaudan Taps Organic Food Trend With $1.6 Billion Naturex Deal Murray & Roberts Jumps by Record on Unsolicited Takeover Bid In FX, Nzd/Usd nudging back up towards the 0.7300 level on a surprise NZ trade surplus and broader uptick in risk sentiment overnight as global trade war fears wane somewhat, with market contacts also reporting some decent buy orders in Nzd/Jpy as Usd/Jpy bounces off new recent lows not far off 104.50 to just over 105.00. Note, however, the headline pair has been capped amidst hefty option expiry interest at the big figure today and on Tuesday (around 2.5 bn in total). Aud/Usd is back above 0.7700 and approaching 0.7750 despite a couple of short trades of the week via crosses (vs Jpy and Cad), while Cable has breached the 1.4200 level on a mixture of hawkish BoE impulses and Brexit transition deal optimism. On that note, contacts also note some stopsales in Eur/Gbp from circa 0.8730 to 0.8723, which is the low of the range up to 0.8743. Nevertheless, Eur/Usd remains firm and has popped above 1.2400 on extended gains from trend-line support (1.2349) and its 30 DMA (1.2337). Usd/Cad looking at bids near and under 1.2850 amidst a broadly soft Greenback as the DXY remains sub-89.500 and trade/protectionism concerns continue to weigh. In commodities, oil futures are modestly lower, albeit remaining in close proximity to recent highs, as price action is centred around China with WTI crude futures failing to hold above USD 66/bbl with demand sapped as the debut of  CNY-denominated oil futures contracts stole the limelight and rose 6% in early trade. In the metals bloc, gold is range-bound at around 5-week highs as a subdued greenback and risk-averse tone kept the safe-haven afloat, while copper weakened alongside losses in Chinese metals prices in which Shanghai Rebar dropped to its lowest since July.   US Event Calendar 8:30am: Chicago Fed Nat Activity Index, est. 0.2, prior 0.1 10:30am: Dallas Fed Manf. Activity, est. 33.5, prior 37.2 12:30pm: Fed’s Dudley Speaks on the Future of Financial Regulation 4:30pm: Fed’s Mester Speaks on Monetary Policy 7:10pm: Fed’s Quarles to Speak in Atlanta DB's Jim Reid concludes the overnight wrap Well that was a week that most won’t forget in a hurry. For anyone that was lucky enough to escape to a desert island last week, switched your phone off and only returned this morning then this is a 125-word summary of what you’ve missed: The seeds for the opening salvo of a trade war appear to have now been sown with President Trump and China trading blows, and it feels like it’s only the start with China signaling a willingness to go toe-to-toe. This transpired in a week in which the Fed showed that it remained committed to staying on a gradual rate hike course, concerns that global growth could be starting to roll over following the latest flash PMIs, the centre of the bull market – the tech sector – roiled by data leakage accusations at the hands of Facebook, and finally the White House revolving door continuing with the appointment of John Bolton – a man who had strongly supported an invasion of Iraq - as the national security advisor. That perfect storm of events resulted in some of the worst weeks for risk assets in years. Using the S&P 500 as an example, the index fell -5.95% last week, the biggest weekly decline since January 2016. Every sector closed lower so there was nowhere to hide although tech fell a fairly staggering -7.88%. The broader index is now easily in the red again for the year (-3.19%) and it also means that we have seen three separate 5% dips for the index in the last two months. What perhaps stood out the most about the price action last week was that any buy the dip mentality appeared to just disappear. In fact, that has been the case for the last two weeks with the S&P closing lower than the midpoint of its intraday range every single day. That’s the longest streak since at least 1982. Across other markets, the Nasdaq 100 – which bore the brunt of the Facebook news - fell -7.29% and the most since August 2015. The export heavy Nikkei and DAX fell -4.88% and -4.06% respectively. The Shanghai Comp was down -3.58%. Indeed, it’s now difficult to find a market which is positive YTD, although the FTSE MIB is one which can still just claim that. Meanwhile, it might not have been the volatility spike of early February but the VIX still rose over  9pts last week and closed just below 25 on Friday which is the highest since February 13th. Remember that the VIX average through the whole of 2017 was about 11. Elsewhere, credit certainly wasn’t immune. Moves for CDS indices are complicated by the rolls however CDX IG was still 15bps wider last week and is now at the widest since December 2016, while iTraxx Main and Crossover were 12bps and 41bps wider last week, respectively. Cash European and US  high yield spreads were 21bps and 14bps wider. Given all the above, you might have thought that Treasury yields would be markedly lower. However, 10y yields were just 3bps lower last week having closed at 2.814%, and in fact they have closed with a 2.8% handle for 21 straight days which is fairly remarkable all things considered. Bunds were ‘only’ 4bps lower last week however it’s worth noting that they are now 24bps off their YTD yield highs. Unsurprisingly, the weekend news flow is filled with reaction to last week’s trade war developments. China’s Vice Premier Liu He, following a phone call with US Treasury Secretary Steven Mnuchin, said that “China is prepared and has the ability to defend its national interests”. China has also suggested that it may issue an official complaint to the WTO about Trump’s steel and aluminum tariffs, with China not exempt from the levies. Remember that Trump has  already threatened to remove the US from the WTO. Interestingly, Mnuchin has also been reported as saying that he is hopeful that the US and China can come to an agreement that will “forestall the need to impose the tariff’s that Trump has ordered on at least $50bn of goods” according to Bloomberg. The article quotes an interview Mnuchin had with Fox News, with the Treasury Secretary also quoted as saying that the US will proceed with the tariffs “unless we have an acceptable agreement that the President signs off on”. So perhaps some signs of a softening stance. This morning, the US and South Korea have reached an agreement on the principles of amending their bilateral trade deal, which includes the US permanently exempting South Korea from the steel tariffs. In return, South Korea will set quotas for steel exports to the US and will be more flexible on imposing safety / environment regulations on US made cars. In Asia, the Kospi is up +0.34% while other bourses have pared back steeper losses with the Nikkei (-0.33%), Hang Seng (-0.57%), ASX 200 (-0.45%) and Shanghai Comp. (-1.64%) all down as we type. There’s better news for US equity futures with the S&P 500 currently up +0.55%, while Treasury yields are also up close to 2bps. There’s also been some non-tariff talk over the weekend with the newly appointed PBOC Governor Yi noting that China has three major tasks for the financial system – “i) implement prudent monetary policy, ii) push forward financial reforms and opening up and iii) win the battle against financial risks”. He added that the “opening up of the financial sector must be accompanied by the development of financial regulations” and it will proceed in coordination with reforms in China’s FX rate mechanism and capital account convertibility. Elsewhere, the WSJ has reported John Williams is the front runner to succeed William Dudley as the Head of the NY Fed. So, while it’s hard to see anything other than trade war developments really dominating markets this week, it’s worth noting that we do also have some inflation data due out in the holiday-shortened four days ahead. Specifically, Thursday’s PCE report in the US is scheduled. In terms of what to expect, the consensus is for a +0.2% mom core and deflator reading for February. The former would imply a jump of one-tenth in the annual rate to +1.6% yoy. Our economists also expect a +0.2% core print and they note that the report should take on a little more focus given the recent upgrade in the Fed’s forecast to above 2% core PCE for 2019. As a reminder too, the March data is when we see the wireless services print annualized which should add about 20bps and 10bps to the annual core CPI and PCE prints, respectively. Away from that we also have some flash March CPI data due in Europe this week with Germany on Thursday and France and Italy both reporting on Friday. Other than that, there is a decent flow of Fedspeak this week which if anything could help shape where FOMC participants’ median dots are now. Dudley (neutral) and Mester (hawk) kick things off today, followed by Quarles (neutral) and Bostic (neutral) on Tuesday, Bostic again on Wednesday and then Harker (dove) on Thursday. So expect the market to be looking out for where their rate expectations lie. Quickly recapping Friday, in terms of central bankers speak, the Fed’s Bostic and Kaplan both noted their base case was three rate hikes for this year (i.e. 2 more), but are “open minded and we’ll see how the year unfolds”. Elsewhere, the Fed’s Kashkari noted he supports the recent rate hike because it “represented continuity” at Powell’s first meeting, but added that the data does not support a rate hike at this point. In the UK, BOE’s Vlieghe noted “the current central outlook is….consistent with one or two 25bp rate increase per year over the forecast period”. Datawise, in the US, the February core durable goods orders (+1.2% mom vs. +0.5% expected) and core capital goods orders (+1.8% mom vs. +0.9% expected) were both above consensus. The February new home sales print fell -0.6% mom to 618k (vs. 620k expected) while the final reading for France’s 4Q wages growth was slightly higher at +0.2% qoq (vs. +0.1% expected).

26 марта, 13:35

Основные фондовые индексы Европы растут

Европейские рынки выросли в понедельник утром, хотя затянувшиеся страхи перед глобальной торговой войной между титанами продолжают влиять на рынки. Сводный европейский индекс Stoxx 600 вырос на 0,2 процента в середине утренних торгов, причем большинство секторов и крупных бирж были на положительной территории. Акции сектора здравоохранения в Европе возглавили рост в понедельник утром, поднявшись на 0,7 процента на фоне новостей о успешном испытании препарата для лечения рака легких. Roche Holding заявила, что ее препарат для иммунотерапии Tecentriq в сочетании с другими препаратами повышает выживаемость пациентов с раком легких по сравнению с более старым набором, сообщает Reuters. Акции компании выросли на 1 процент на новостях. Рассматривая отдельные акции, Fresnillo поднялся на вершину европейского индекса после повышения рейтинга от Goldman Sachs. Инвестиционный банк США поднял рекомендацию по акциям до «покупать» и добавил акции в свой список предпочтений. Акции Fresnillo выросли на 4,5 процента на новостях. Между тем, Smurfit Kappa заявил, что отклонил пересмотренную заявку от компании International Paper в понедельник. Ранее в начале марта американская компания США сделала незатребованное предложение. Акции Smurfit Kappa снизились на 3 процента в середине торгов. В Азии акции расширили недавние потери очередным снижением в понедельник. Китайские акции упали более чем на 1,6 процента, в то время как крупнейший индекс MSCI по акциям Азиатско-Тихоокеанского региона, за исключением Японии, также упал на отрицательную территорию. Президент Соединенных Штатов Дональд Трамп подписал меморандум в пятницу, в котором предполагается введение новых тарифов на китайский импорт выше 60 млрд. долл. США импорта, хотя эти меры имеют 30-дневный период консультаций до их вступления в силу. Тарифы следуют за дополнительными пошлинами на импорт стали и алюминия из ряда стран мира, в том числе Китая, причем вторая по величине экономика мира озвучила свои собственные планы наложить тарифы на превышающий 3 млрд долл. США импорт из США. На текущий момент: Индекс Цена Изменение, пункты Изменения в % FTSE 6946.81 24.87 0.36% DAX 11968.25 81.94 0.69% CAC 5115.59 20.37 0.40% Информационно-аналитический отдел TeleTradeИсточник: FxTeam

Выбор редакции
26 марта, 09:48

Smurfit rejects sweetened proposal from International Paper

Approach would value Smurfit Kappa equity at roughly €8.9bn

23 марта, 15:51

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) 3M Co MMM 223 -0.17(-0.08%) 6783 ALCOA INC. AA 45 0.08(0.18%) 653 ALTRIA GROUP INC. MO 59.9 -0.49(-0.81%) 2392 Amazon.com Inc., NASDAQ AMZN 1,544.00 -0.92(-0.06%) 116629 American Express Co AXP 91.33 -0.08(-0.09%) 1628 Apple Inc. AAPL 169 0.15(0.09%) 337143 AT&T Inc T 35.5 0.13(0.37%) 14560 Barrick Gold Corporation, NYSE ABX 12.41 0.24(1.97%) 50251 Boeing Co BA 320.4 0.79(0.25%) 65467 Caterpillar Inc CAT 147.58 0.68(0.46%) 16591 Chevron Corp CVX 113.91 0.21(0.18%) 5891 Cisco Systems Inc CSCO 43.35 0.28(0.65%) 76239 Citigroup Inc., NYSE C 70.54 0.23(0.33%) 73836 Deere & Company, NYSE DE 150.92 -0.66(-0.44%) 2005 Exxon Mobil Corp XOM 73.81 0.31(0.42%) 17099 Facebook, Inc. FB 165.3 0.41(0.25%) 466356 FedEx Corporation, NYSE FDX 236.51 0.24(0.10%) 11766 Ford Motor Co. F 10.77 0.02(0.19%) 55234 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 18.03 -0.02(-0.11%) 1986 General Electric Co GE 13.41 0.06(0.45%) 234353 General Motors Company, NYSE GM 36.55 0.20(0.55%) 15266 Goldman Sachs GS 253.99 1.39(0.55%) 8594 Google Inc. GOOG 1,050.50 1.42(0.14%) 8439 Hewlett-Packard Co. HPQ 22.61 0.14(0.62%) 5467 Home Depot Inc HD 177.15 1.86(1.06%) 15349 Intel Corp INTC 50.69 -0.14(-0.28%) 88010 International Business Machines Co... IBM 152.37 0.28(0.18%) 15400 International Paper Company IP

08 марта, 17:02

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) 3M Co MMM 231.75 -1.91(-0.82%) 622 ALCOA INC. AA 46.91 -0.08(-0.17%) 2914 Amazon.com Inc., NASDAQ AMZN 1,527.50 -10.14(-0.66%) 103173 American Express Co AXP 94.98 -1.09(-1.13%) 933 Apple Inc. AAPL 175.39 -1.28(-0.72%) 256591 AT&T Inc T 36.69 -0.18(-0.49%) 10801 Barrick Gold Corporation, NYSE ABX 11.8 -0.04(-0.34%) 10838 Boeing Co BA 342.75 -6.17(-1.77%) 42267 Caterpillar Inc CAT 150.5 -3.25(-2.11%) 17018 Chevron Corp CVX 112.8 -0.85(-0.75%) 4668 Cisco Systems Inc CSCO 43.91 -0.38(-0.86%) 25034 Citigroup Inc., NYSE C 73.35 -0.71(-0.96%) 31727 Deere & Company, NYSE DE 157.02 -1.49(-0.94%) 1164 Exxon Mobil Corp XOM 75.36 -0.82(-1.08%) 52809 Facebook, Inc. FB 178.5 -1.28(-0.71%) 97048 Ford Motor Co. F 10.51 -0.12(-1.13%) 70147 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 18.43 -0.27(-1.44%) 4308 General Electric Co GE 14.51 -0.13(-0.89%) 252184 General Motors Company, NYSE GM 37.47 -0.46(-1.21%) 17257 Goldman Sachs GS 263.7 -3.23(-1.21%) 13890 Google Inc. GOOG 1,089.01 -6.05(-0.55%) 6204 Home Depot Inc HD 179.11 -1.50(-0.83%) 3822 HONEYWELL INTERNATIONAL INC. HON 148 -1.33(-0.89%) 1102 Intel Corp INTC 50.28 -0.43(-0.85%) 216767 International Business Machines Co... IBM 154.76 -0.96(-0.62%) 2303 International Paper Company IP 56.67 -1.03(-1.79%) 1085 Johnson & Johnson JNJ 127.5 -0.72(-0.56%) 2110 JPMorgan Chase and Co JPM 113.9 -1.26(-1.09%) 19107 McDonald's Corp MCD 150.14 -1.06(-0.70%) 4022 Merck & Co Inc MRK 54.03 -0.27(-0.50%) 4041 Microsoft Corp MSFT 92.66 -0.66(-0.71%) 90035 Nike NKE 64.4 -0.84(-1.29%) 1172 Pfizer Inc PFE 35.66 -0.22(-0.61%) 4712 Procter & Gamble Co PG 79.68 -0.34(-0.42%) 1567 Starbucks Corporation, NASDAQ SBUX 56.6 -0.43(-0.75%) 6144 Tesla Motors, Inc., NASDAQ TSLA 325.77 -2.43(-0.74%) 19889 The Coca-Cola Co KO 43.75 -0.18(-0.41%) 5835 Twitter, Inc., NYSE TWTR 33.93 -0.50(-1.45%)

07 марта, 16:55

Wall Street. Акции на премаркете

(компания / тикер / цена / изменение ($/%) / проторгованый объем) Amazon.com Inc., NASDAQ AMZN 1,527.50 -10.14(-0.66%) 103173 Google Inc. GOOG 1,089.01 -6.05(-0.55%) 6204 3M Co MMM 231.75 -1.91(-0.82%) 622 ALCOA INC. AA 46.91 -0.08(-0.17%) 2914 American Express Co AXP 94.98 -1.09(-1.13%) 933 Apple Inc. AAPL 175.39 -1.28(-0.72%) 256591 AT&T Inc T 36.69 -0.18(-0.49%) 10801 Barrick Gold Corporation, NYSE ABX 11.8 -0.04(-0.34%) 10838 Boeing Co BA 342.75 -6.17(-1.77%) 42267 Caterpillar Inc CAT 150.5 -3.25(-2.11%) 17018 Chevron Corp CVX 112.8 -0.85(-0.75%) 4668 Cisco Systems Inc CSCO 43.91 -0.38(-0.86%) 25034 Citigroup Inc., NYSE C 73.35 -0.71(-0.96%) 31727 Deere & Company, NYSE DE 157.02 -1.49(-0.94%) 1164 Exxon Mobil Corp XOM 75.36 -0.82(-1.08%) 52809 Facebook, Inc. FB 178.5 -1.28(-0.71%) 97048 Ford Motor Co. F 10.51 -0.12(-1.13%) 70147 Freeport-McMoRan Copper & Gold Inc., NYSE FCX 18.43 -0.27(-1.44%) 4308 General Electric Co GE 14.51 -0.13(-0.89%) 252184 General Motors Company, NYSE GM 37.47 -0.46(-1.21%) 17257 Goldman Sachs GS 263.7 -3.23(-1.21%) 13890 Home Depot Inc HD 179.11 -1.50(-0.83%) 3822 HONEYWELL INTERNATIONAL INC. HON 148 -1.33(-0.89%) 1102 Intel Corp INTC 50.28 -0.43(-0.85%) 216767 International Business Machines Co... IBM 154.76 -0.96(-0.62%) 2303 International Paper Company IP 56.67 -1.03(-1.79%) 1085 Johnson & Johnson JNJ 127.5 -0.72(-0.56%) 2110 JPMorgan Chase and Co JPM 113.9 -1.26(-1.09%) 19107 McDonald's Corp MCD 150.14 -1.06(-0.70%) 4022 Merck & Co Inc MRK 54.03 -0.27(-0.50%) 4041 Microsoft Corp MSFT 92.66 -0.66(-0.71%) 90035 Nike NKE 64.4 -0.84(-1.29%) 1172 Pfizer Inc PFE 35.66 -0.22(-0.61%) 4712 Procter & Gamble Co PG 79.68 -0.34(-0.42%) 1567 Starbucks Corporation, NASDAQ SBUX 56.6 -0.43(-0.75%) 6144 Tesla Motors, Inc., NASDAQ TSLA 325.77 -2.43(-0.74%) 19889 The Coca-Cola Co KO 43.75 -0.18(-0.41%) 5835 Twitter, Inc., NYSE TWTR 33.93 -0.50(-1.45%)

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07 марта, 15:01

World Stocks, US Futures Tumble Amid Surge In Trade War Fears

If yesterday world markets were a sea of green as traders bought risk on news that threats of both a nuclear and trade war had sharply receded, today it's the opposite, and while North Korea has yet to "unexpectedly" test fire an ICBM, Tuesday's departure of Gary Cohn has all but assured market that a trade war is, after all, just a matter of time. To be sure, Cohn's departure - which is widely seen as a victory for the protectionists led by Peter Navarro and immigration hawks - is the only thing analysts and traders are writing about this morning, and while some thing the market's overnight response, which has seen S&P futures slide over 20 points and the DJIA is set to open 330 points lower, has been exaggerated... ... others disagree, and fear that much more pain is in store, especially if Cohn's departure is indicative of an imminent trade bombardment by the Trump administration. The litany is summarized best by Bloomberg which notes that Cohn's resignation "is a victory for figures who have sought to expunge the Trump administration of advocates for free trade and globalization, principles that have long been a hallmark of the Washington establishment. A registered Democrat, Cohn was regarded as one of the few political moderates close to the president. His absence will amplify voices like Commerce Secretary Wilbur Ross and trade adviser Peter Navarro who back the president’s impulses to buck convention and pick trade fights on a global stage." Citi went further, going so far as to compare Gary Cohn to Luke Skywalker: While heavily-trailed in the press, the market is still mourning the sudden departure of Gary Cohn, the White House’s ‘lonely democrat’ – seen by some as the final bastion of tariff-free international trade. Alas, now the last Jedi has fallen, Trade Wars and a galaxy far, far away now all seems an awful lot closer than before. USD is caught between a more hawkish Fed (Kaplan, Brainard overnight) and an administration that appears ready to shoot from the hip with regards to trade wars. Echoing what we said 2 weeks ago, when we correctly predicted the coming trade wars when we highlighted the little noticed Peter Navarro promotion, Bank of Singapore's James Cheo said that "Cohn’s resignation shows that within the Trump administration the pendulum is swinging toward anti-trade,” adding that “what we should be watching out for is how other countries react in response to the tariffs.” Whatever one thinks of Cohn's departure, the rising prospect of escalating protectionism has finally spooked algos and sent European and Asian stock markets reeling on Wednesday. As shown above, S&P futures slumped, while most government bonds climbed, sending the yield on the 10Y to 2.84%, where it started the week. European government bonds rallied, with yields across the euro zone falling by 1-3 basis points, following similar strengthening in U.S. Treasuries overnight. In Europe, the Stoxx Europe 600 Index headed for the first drop in three days, led by mining and auto shares. European car-makers, which face the risk of a hike in import tariffs to the United States, were among the worst performers, falling 1.1%. Rolls-Royce rose as much as 9.7% after reporting pretax profit for the full year that beat the highest analyst estimate. 1 of 19 Stoxx 600 sectors rose and with 110 Stoxx 600 members green, some 478 declined.  The materials sector was underperforming, pressured by the fall in commodity prices fuelled by US API crude stocks printing a build more than twice as expected.  “The implication is that without the restraining influence of Cohn on Trump, the president will now have a free hand to press ahead with further tariffs and generally up the ante on trade,” said Neil Wilson, an analyst at ETX Capital. “This in itself does not bode well for risk despite that small boost we saw on news that North Korea could consider de-nuking.” Earlier in the day, Asian markets also slid earlier as investors contemplated how bad the hit to China would be once Trump unleashes his trade war, a fear which was magnified by the report that the White House is considering clamping down on Chinese investments and imposing broader tariffs added to the gloom. Australia's ASX 200 (-1.0%) underperformed with sentiment also dragged by weaker than expected GDP figures, while Nikkei 225 (-0.8%) was choppy and briefly found reprieve, before a firmer JPY ultimately weighed. Elsewhere, Shanghai Comp. (-0.6%) and Hang Seng (-1.0%) initially outperformed despite reports US may consider broad curbs on Chinese imports and takeovers, as well as news that ‘China hawk’ Peter Navarro was among the top 2 candidates to replace Cohn as Trump’s top economic adviser. Stocks in China and Hong Kong gave up their morning gains, sliding along with other regional markets and U.S. futures; Shanghai Composite Index dropped 0.6%, trimming week’s advance to 0.5% while the ChiNext Index fell 0.7%, paring week’s gain to 0.8%. The Hang Seng Index slides 1% and is experiencing its wildest trading since 2016. The Hang Seng China Enterprises Index declines 1.1% In other macro developments, the dollar initially tumbled on the Cohn news but has since recovered most losses, while the yen and the Swiss franc were once more in demand, as currencies sensitive to risk sentiment and from countries heavily reliant on trade were sold off as markets raised the odds for more U.S. barriers to trade. On Wednesday morning, the Bloomberg Dollar Spot Index was little changed, while European stocks followed Asia’s slide. The Canadian dollar and the Mexican peso both retreated by around 0.5 percent against the dollar as Cohn’s departure was seen as raising risks that Washington could walk away from NAFTA negotiations. Other emerging market currencies that typically move in sympathy with the dollar were lower, with the South African rand and Russian rouble both down around 0.5 percent against the dollar. Separately, overnight we got comments from two Fed speakers, a hawk and a dove: Fed's Brainard (voter, dove) said gradual US rate hikes are likely appropriate and that there is greater confidence inflation will reach target, while she added that she is encouraged by substantial fiscal stimulus, full employment and above-trend economic growth. Brainard also stated that headwinds are turning into tailwinds, although they are ready to slow or speed up pace of hikes if forecasts are incorrect. Meanwhile, Fed's Kaplan (non-voter, soft hawk) reiterated that baseline scenario is for 3 rate hikes in 2018 and said that it is too early to change forecasts due to tariffs as it is not yet known what will be implemented. Kaplan added that anything that jeopardizes trade relations with Mexico or Canada is not in US interest. Commodities fell on worries that trade friction could slow global growth, with Brent crude futures giving up the previous day’s gains to drop 1.2 percent. Copper on the London Metal Exchange lost 0.9 percent, paring a 1.4 percent gain from the previous session.  WTI and Brent crude futures are trading with losses of over 1% this morning, largely following last nights API report which showed a wider than expected build in crude inventories (5.7mln vs. Exp. 2.7mln). As such, WTI initially traded south of the USD 62/bbl level, with Brent briefly below USD 65/bbl before reclaiming the levels. Elsewhere, gold has been trading relatively sideways throughout the morning, having pared its gap higher overnight after initial support from reports of Cohn’s resignation. Good news out of Australia, which reported record high iron ore exports from Port Hedland (largest iron ore loadings port in Australia). Bulletin Headline Summary From RanSquawk White House Economic Adviser Gary Cohn is to resign and is expected to leave in next few weeks Asian stocks and to a lesser extent their EU counterparts, were seen lower on the news as fears continue to mount over ‘trade-wars’ Looking ahead, highlights include US ADP, BoC rate decision, DoEs, Fed’s Bostic, and Dudley Market Snapshot S&P 500 futures down 1% to 2,697.75 STOXX Europe 600 down 0.2% to 370.55 MSCI Asia Pacific down 0.6% to 174.05 MSCI Asia Pacific ex Japan down 0.6% to 570.66 Nikkei down 0.8% to 21,252.72 Topix down 0.7% to 1,703.96 Hang Seng Index down 1% to 30,196.92 Shanghai Composite down 0.6% to 3,271.67 Sensex down 0.8% to 33,049.36 Australia S&P/ASX 200 down 1% to 5,901.99 Kospi down 0.4% to 2,401.82 German 10Y yield fell 0.8 bps to 0.667% Euro up 0.09% to $1.2415 Italian 10Y yield fell 0.6 bps to 1.729% Spanish 10Y yield fell 4.2 bps to 1.449% Brent Futures down 1.2% to $65.03/bbl Gold spot down 0.2% to $1,332.27 U.S. Dollar Index down 0.06% to 89.57 Top Headline News from BBG Gary Cohn’s absence will amplify voices like Commerce Secretary Wilbur Ross and trade adviser Peter Navarro who back the president’s impulses to buck convention and pick trade fights on a global stage The import taxes U.S. is considering would affect companies that help fuel the about $450 billion in Chinese goods imported to America annually. But Chinese manufacturers won’t be the only ones hurt in a trade war, as their close relationships as suppliers to American brands will likely create a ripple effect China’s foreign currency holdings decreased for the first time in more than a year, as rising U.S. Treasury yields weighed on valuations President Donald Trump signaled he’s open to talks with North Korea, even as his advisers expressed skepticism that Kim Jong Un is serious about suspending his nuclear weapons program and engaging in real negotiations. The Trump administration is considering clamping down on Chinese investments in the U.S. and imposing tariffs on a broad range of its imports to punish Beijing for its alleged theft of intellectual property, according to people familiar with the matter. Federal Reserve Governor Lael Brainard said more confidence on inflation warrants gradual interest-rate hikes; suggests tailwinds could speed pace of Fed rate hikes. Opponents of Brexit are looking into whether Britain could postpone its exit from the European Union to give lawmakers and voters more time to weigh up whether they really want to leave. Asian stocks were mostly lower as US political discord took the limelight once again after reports that National Economic Council Director Gary Cohn is to resign amid tariff disagreements. This latest high-profile and ‘market- friendly’ White House departure dampened the risk appetite and weighed on US equity futures in which Emini S&P gapped lower by about 1% and DJIA futures saw losses of nearly 400 points. ASX 200 (-1.0%) underperformed with sentiment also dragged by weaker than expected GDP figures, while Nikkei 225 (-0.8%) was choppy and briefly found reprieve, before a firmer JPY ultimately weighed. Elsewhere, Shanghai Comp. (-0.6%) and Hang Seng (-1.0%) initially outperformed despite reports US may consider broad curbs on Chinese imports and takeovers, as well as news that ‘China hawk’ Peter Navarro was among the top 2 candidates to replace Cohn as Trump’s top economic adviser. However, gains in Chinese money market rates eventually proved to be the deciding factor and tipped bourses into the red. Finally, 10yr JGBs pared the opening safe-haven inflows to return flat, amid a similar indecisive risk tone in Japanese stocks and following an unchanged BoJ Rinban purchase announcement. PBoC skipped open market operations, but later announced CNY 105.5bln 1yr MLF operation. Top Asian News Malaysia Central Bank Holds Benchmark Rate as Inflation Eases China Stocks Retreat as Volatility Intensifies on Trade Concerns China’s FX Reserves Snap Yearlong Rising Streak on Valuations Widodo Clears Hurdle for Indonesia to Set Domestic Coal Price The European cash open took the negative lead from Asia with most major bourses in the red, albeit losses have been pared throughout the session after the departure of NEC Director Cohn spooked investors as the US trade policy may be steered further into protectionist territory while reports from a US administration official stated that White House adviser Peter Navarro and commentator Larry Kudlow are the top two candidates to replace Gary Cohn. Asia-Pacific stocks reacted with a decline across the board.  FTSE 100 (+0.1%) outperforming, supported by a weaker sterling. The materials sector is underperforming, pressured by the fall in commodity prices fuelled by US API crude stocks printing a build more than twice as expected. Rolls-Royce (+12.8%) outperforming on the back of strong earnings. Smurfit Kappa (+3.3%) after US based International Papers confirmed its EUR 8bln offer to the company which was then rejected as an “opportunistic” takeover bid. Telecom Italia (-0.2%) is trading in a choppy fashion after company CEO stated the joint venture with Vivendi’s Canal+ will be put on hold. Top European News U.K. House Price Growth Slows to Four-Year Low, Halifax says Europe’s Populist Godfather Suddenly Has a Fight on His Hands In FX, USDJPY and USDCHFto a lesser extent, continues to provide the clearest if not best barometer of broad risk sentiment and the headline pair’s latest retreat from 106.00+ levels highlights the resurgence of aversion prompted by the US President’s import tariff plans. The failure to extend gains on conciliatory gestures from North Korea on the nuclear front to and beyond a key upside Fib just ahead of 106.50 is deemed to be bearish in terms of the technical outlook, while the departure of chief White House economic adviser Cohn is widely perceived as negative from the global trade wars perspective given his more temperate approach towards protectionist policies. 105.50 bids/support now being tested again, and the 2018 low around 105.25 is back on the radar ahead of reportedly big barriers at 105.00. Usd/Chf is sitting roughly in the middle of 0.9400-0.9350 parameters, and the pseudo safe-haven Eur is looking to climb further above 1.2400 vs the Greenback, while eclipsing its previous ytd base against the still Brexit-weighted Gbp to circa 0.8965 (having breached 0.8950 resistance more convincingly). Back to G10 majors, and it’s all change again for the commodity bloc that has reversed gains vs their US Dollar counterpart. Usd/Cad has rebounded over 1.2900 with the Loonie underperforming on the tariff proposals and NAFTA ahead of the BoC policy meeting, which is now even more likely to underscore the need for caution. Aud/Usd is pivoting around 0.7800 after mixed Aussie GDP data overnight and Nzd/Usd is back below 0.7300 as the Aud/Nzd cross holds above 1.0700 in wake of the latest GDT auction showing a dip in prices. In commodities, WTI and Brent crude futures are trading with losses of over 1% this morning, largely following last nights API report which showed a wider than expected build in crude inventories (5.7mln vs. Exp. 2.7mln). As such, WTI initially traded south of the USD 62/bbl level, with Brent briefly below USD 65/bbl before reclaiming the levels. Elsewhere, gold has been trading relatively sideways throughout the morning, having pared its gap higher overnight after initial support from reports of Cohn’s resignation. Good news out of Australia, which reported record high iron ore exports from Port Hedland (largest iron ore loadings port in Australia). US API Crude Stocks (Mar 2) 5.661M vs. Exp. 2.700M   US Event Calendar 7am: MBA Mortgage Applications, prior 2.7% 8:15am: ADP Employment Change, est. 200,000, prior 234,000 8:30am: Nonfarm Productivity, est. -0.1%, prior -0.1%; Unit Labor Costs, est. 2.1%, prior 2.0% 8:30am: Trade Balance, est. $55.0b deficit, prior $53.1b deficit 2pm: U.S. Federal Reserve Releases Beige Book 3pm: Consumer Credit, est. $17.7b, prior $18.4b Central Banks 8am: Fed’s Bostic Speaks on the Economic Outlook 8:20am: Fed’s Dudley Speaks in Puerto Rico 2pm: U.S. Federal Reserve Releases Beige Book DB's Jim Reid concludes the overnight wrap It all feels a bit 2017 this morning with the two main stories from the past 24 hours revolving around President Trump and North Korea. The big difference now though is that markets appear to be at least hoping that Kim Jong Un’s statement about potentially giving up nuclear weapons has some legs to it, while Trump’s war of words about tariffs doesn’t, although as you’ll see below the news overnight that Gary Cohn is to step down from his role as an economic advisor and also that Trump is considering broad curbs on Chinese imports and investments following an investigation into China intellectual property practices suggests otherwise. We’ll come to that shortly, but first with regards to North Korea, headlines struck the wires at just after 11am GMT yesterday morning suggesting that North Korea is open to denuclearizing so long as the country’s safety can be guaranteed. North Korea’s leader Kim Jong Un will now meet with South Korea President Moon Jae-in at the end of April to discuss the matter. President Moon Jae-in’s office released a statement saying that “North Korea has clearly expressed its intention for denuclearization on the Korea peninsular, and if there is no military threat, and North Korea’s regime security is promised, they have clarified that there is no reason to hold nuclear weapons”. President Trump responded by telling reporters that “they seem to be acting positively” and that ”I’d like to be optimistic”. He also suggested that the US would be open to talks with North Korea although Director of National Intelligence, Dan Coats, also added that he was “quite sceptical” and that he was doubtful that this was any sort of breakthrough. After initially starting on the front foot the S&P 500 then ebbed and flowed for much of the session – not helped by some soft corporate earnings numbers in the consumer sector – before eventually ending +0.26% by the closing bell. That’s actually the first

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07 марта, 11:13

Smurfit Kappa's stock up 3% after International Paper details bid

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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06 марта, 17:14

Smurfit Kappa отклонила предложение о поглощении со стороны International Paper

Ирландская компания Smurfit Kappa Group, являющаяся одним из ведущих производителей гофрированной упаковки в Европе, заявила, что отклонила предложение о поглощении от американского поставщика бумаги и упаковочных материалов International Paper. Smurfit Kappa пояснила, что в соответствии с заявкой, за каждую ее бумагу предлагается комбинация акций International Paper и наличных, но точные условия предложения раскрыты не были. При этом представители ирландской фирмы отметили, что оно не учитывает благоприятные перспективы бизнеса компании и общую благоприятную конъюнктуру отрасли. Стоит отметить, что по итогам торгов понедельника, 5 марта, рыночная капитализация Smurfit Kappa Group составила 6,79 млрд евро ($8,38 млрд).

06 марта, 16:59

Smurfit Kappa отклонила предложение о поглощении со стороны International Paper

Ирландская компания Smurfit Kappa Group, являющаяся одним из ведущих производителей гофрированной упаковки в Европе, заявила, что отклонила предложение о поглощении от американского поставщика бумаги и упаковочных материалов International Paper. Smurfit Kappa пояснила, что в соответствии с заявкой, за каждую ее бумагу предлагается комбинация акций International Paper и наличных, но точные условия предложения раскрыты не были. При этом представители ирландской фирмы отметили, что оно не учитывает благоприятные перспективы бизнеса компании и общую благоприятную конъюнктуру отрасли. Стоит отметить, что по итогам торгов понедельника, 5 марта, рыночная капитализация Smurfit Kappa Group составила 6,79 млрд евро ($8,38 млрд).

06 марта, 16:41

International Paper Poised for Healthy Growth Despite Risks

International Paper (IP) is divesting its non-core businesses to focus more resources on high-return capital projects in its core businesses that can drive additional earnings growth.

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