news

0QWC.IL - news) , Dialog Semiconductor (LSE: 0OLN.L - news)
and BE Semiconductor are falling 2.3 to 4 percent as the 2018 stocks
'melt-up' evaporates.A trader points to continued negative newsflow around Apple
(NasdaqGS: AAPL - news) 's iPhone X
weighing on chipmakers, and adds: "on top of that, some of these names have had a
stonking
run..."AMS shares than tripled in 2017.
(Helen Reid)
*****
PUFF GOES THE 2018 RALLY, EXCEPT FOR ITALY (0836 GMT)
The strength of the sell-off we're seeing has wiped off 2018 gains for all major indexes in
Europe. An exception is Italy's FTSE MIB, which remains up nearly 5 percent, while UK
midcaps have fared the worst year-to-date.(Tom Pfeiffer)
*****
EUROPE FLASHING RED (0813 GMT)
All main country benchmarks in Europe are losing ground in early deals today and it's hard
to find any positive signs around. 588 stocks out of the 600 that are listed on the panregional
STOXX are falling and no sub-sector is moving in positive territory.
Here's your snapshot:
(Danilo Masoni)
*****
IT'S A "HEALTHY CORRECTION", CS RECKONS (0756 GMT)
Europe is most likely set to join the sharp equity sell-off today but the global
investmentcommittee of Credit Suisse (IOB: 0QP5.IL - news) keeps a cool mind and sees
opportunities.
"The continuing rise in bond yields seems to have put the brakes on stock gains. Our global
Investment Committee takes the solid economic and earnings growth into consideration and
sees
the latest development as a healthy correction that offers good buying opportunities in
equities," the Swiss bank says in its investment daily.
(Danilo Masoni)
*****
WHAT'S ON THE RADAR FOR THE EUROPEAN OPEN (0751 GMT)
A sharp sell-off in Asian trading is set to spread to Europe on Monday with stock futures
down 0.7 to 1 percent as rising bond yields continue to take their toll on stock markets near
record highs.
Euro area PMIs at 0900 GMT will give a read on whether the region is keeping up itsStory
Continuesblistering pace of growth, but SocGen (Paris: FR0000130809 - news) analysts
warned a strong reading could spell further
turbulence for stocks if it drives yields higher.
On a slightly calmer day for earnings, notable companies reporting include budget
airlineRyanair, engineering group Sandvik (LSE: 0HC0.L - news) and miner Randgold