< Back to Trader Blog Articles

Trader Talk: An Analysis of the Markets this Morning

Good morning,

Markets are called to open flat this morning.

Royal Dutch Shell Plc

Royal Dutch Shell Plc, Europe’s biggest oil company, said fourth-quarter earnings will fall “significantly” because of weaker refining, higher exploration costs and lower-than-expected production volumes.

Adjusted profit excluding one-time items and inventory changes will be about $2.9 billion, The Hague-based Shell said in a statement. That compares with $4.5 billion in the third quarter and a fourth-quarter estimate of $4.9 billion, according to the average of seven analysts surveyed by Bloomberg.

Chief Executive Officer Ben van Beurden, who took over from Peter Voser at the start of the year, is facing rising costs for new projects, stagnant oil prices and falling output as he tries to boost earnings. Shell is lagging behind its peers, climbing 3.4 percent since the start of 2013 compared with a 15 percent advance for BP Plc and Exxon Mobil Corp.’s 14 percent gain.

WHAT TO WATCH:

China Investment Corp. to Invest EU70m in Irish Fund: Times

• Fiat Heir Elkann Reshapes Family Legacy With Chrysler Deal

• Ardian Said to Seek Bids Next Month for $1.6b Diana Sale

• KKR, Permira Selling 16.6% Stake in Broadcaster ProSiebenSat.1

• Spain Approaches Swap Deal With Ceiss Investors: Official

• Hapag-Lloyd Said to Discuss All-Stock Takeover of Chile’s CSAV

• J&J-Bayer Fail to Win U.S. Panel Vote for Wider Xarelto Use

• Nokia Search for Elop’s Successor Is Said to Focus on Insiders

• Alstom Said to Name Bank of America, Deutsche Bank for Rail Sale

• Regeneron Says Bayer Barred From Buying More Than 20% Stake

• Telecom Italia to Create Controls on Eventual Brazilian Deals

• Deutsche Telekom, Orange Puts EE Listing Plan on Hold: FT

• UBS Said to Boost Bonuses for Asia Investment Bankers by 10%

• Boeing Short-Circuiting 787 Shows Skills Gap: Norwegian Air

• Poland Has Met 65% of 2014 Forex Borrowing Needs After USD Bond

• Jordan Says Franc Cap Will Be SNB Focus for Foreseeable Future

EARNINGS All times CET:

• Spectris (SXS LN) 8am, Q4 sales/trading

• William Hill (WMH LN) 8am, Q4 sales/trading

Good day and happy trading!

Kristian Camenzuli

The Calamatta Cuschieri Traders Blog is available daily on CC WebTrader. Other market coverage including coverage of the International Bond Markets is also available.

Important(Notices)
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri & Co. Ltd. (CC) has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views or opinions appearing on this website.
This website is owned and operated by Calamatta Cuschieri & Co. Ltd (Co. Reg. No. C13729) of 5th Floor, Valletta Buildings, South Street, Valletta VLT 1103, Malta. CC is licensed to conduct Investment Services in Malta by the Malta Financial Services Authority.