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Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns

Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns AMSTERDAM, Sept 20 (Reuters) - Morgan Stanley on Friday downgraded earnings estimates for computer chip equipment maker ASML ASML.AS , the latest brokerage to do so following weakness in the memory chip market and concerns over demand from Chinese chipmakers and Intel INTC.O .
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ASML supplier NTS Group opens Singapore plant

ASML supplier NTS Group opens Singapore plant AMSTERDAM, Sept 20 (Reuters) - NTS Group, a Dutch-based maker of "mechatronic" equipment used by semiconductor firms including neighbouring giant ASML ASML.AS , on Friday opened a major new assembly and manufacturing plant in Singapore. Mechatronics integrate mechanical, electronics and software systems. NTS is known as a supplier of highly complex systems used in metrology, where top names include Lam Research, Applied Materials AMAT.O , Thermo Fish
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Europe's STOXX 600 falls a day after Fed-fuelled rally

UPDATE 2-Europe's STOXX 600 falls a day after Fed-fuelled rally For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Mercedes drops after guidance cut ASML slides after MS downgrade STOXX 600 down 1.4% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 20 (Reuters) - European shares slipped on Friday after a rally in the previous session spurred by the U.S.
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Morgan Stanley cuts ASML on slowing demand, China exposure

BUZZ-Morgan Stanley cuts ASML on slowing demand, China exposure ** Morgan Stanley cuts ASML ASML.AS to "equal-weight" as demand for the cycle slows, seeing three key risks for the stock ** For one, memory sales (DRAM) are exposed to a spending slowdown, the broker says, despite persistently strong orders for High Bandwidth Memory (HBM) used in AI training applications ** Secondly, weak orders from struggling Intel INTC.O , particularly from its foundries, may hurt earnings, the broker warns ** T
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ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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China chip stocks surge on government equipment list

China chip stocks surge on government equipment list BEIJING, Sept 18 (Reuters) - Shares in several Chinese companies linked to the semiconductor industry surged on Wednesday, driven by investor excitement over a government list that some interpret as signaling progress in China's efforts to develop domestic chipmaking technology. Shanghai Zhangjiang Hi-Tech Park Development 600895.SS and Shanghai Highly Group 600619.SS both hit their daily limit of 10% gains by market close.
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BMW, Kingfisher, Spectris

EUROPE RESEARCH ROUNDUP-BMW, Kingfisher, Spectris Sept 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Kingfisher and Spectris, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : Citigroup raises to neutral from sell * Entain ENT.L : Berenberg raises target price to 1,030p from 1,020p * Kingfisher KGF.L : Citigroup raises target price to 301p from 292p * Spectris SXS.L : HSBC cuts to hold from buy * Whitbread WTB.L : Goldman Sachs cu
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ASML faces bigger problems than China

BREAKINGVIEWS-ASML faces bigger problems than China The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, Sept 16 (Reuters Breakingviews) - Clouds are gathering for ASML ASML.AS , though the nearest ones are not necessarily the most threatening. The fear that the U.S. and Dutch governments may curb exports to China has hurt the shares of the 290 billion euro group, whose lithography machines are used to fashion high-precision microchips.
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'Bear in a China shop': the 3 most exposed sectors - Stifel

LIVE MARKETS-'Bear in a China shop': the 3 most exposed sectors - Stifel STOXX 600 up 1% Traders bet on ECB rate cut Miners, tech lead gainers Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com "BEAR IN A CHINA SHOP" - THE 3 MOST EXPOSED SECTORS - STIFEL Tech, auto part makers and luxury are the three most vulnerable sectors to fluctuations in the Chinese econ
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +9.2% NVIDIA Corp NVDA.OQ +7.3% Super Micro Computer Inc SMCI.OQ +6.8% Broadcom Inc AVGO.OQ +6.2% ASML Holding NV ASML.OQ +5.8% Bottom Performers Percent Change Palo Alto Networks Inc PANW.OQ -2.1% Take-Two Interactive Software Inc TTWO.OQ -1.8% O'Reilly Automotive Inc ORLY.OQ -1.8% IDEXX Laboratories Inc IDXX.OQ -1.7% Old Dominion Freight Line Inc ODFL.OQ
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Europe's STOXX 600 little changed as focus shifts to ECB

UPDATE 2-Europe's STOXX 600 little changed as focus shifts to ECB For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 ends flat Britain's economy showed no growth on a month-on-month basis U.S. August CPI at 2.5% vs 2.6% YoY Commerzbank surges after Unicredit bought 9% stake Updated at 1600 GMT By Pranav Kashyap and Shubham Batra Sept 11 (Reuters) - European shares ended flat on Wednesday as gains in technology shares were offset b
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +4.4% ASML Holding NV ASML.OQ +3.1% Super Micro Computer Inc SMCI.OQ +3.0% NVIDIA Corp NVDA.OQ +2.9% Starbucks Corp SBUX.OQ +2.1% Bottom Performers Percent Change Palo Alto Networks Inc PANW.OQ -3.3% IDEXX Laboratories Inc IDXX.OQ -3.0% Warner Bros Discovery Inc WBD.OQ -3.0% Old Dominion Freight Line Inc ODFL.OQ -2.9% Verisk Analytics Inc VRSK.OQ -2.6% The
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European shares rise on boost from tech, resources sectors

CORRECTED-UPDATE 1-European shares rise on boost from tech, resources sectors Corrects paragraph 13 to clarify UniCredit paid 702 million euros for a 4.5% stake in Commerzbank, not the entire 9% stake STOXX 600 up 0.2% Britain's economy showed no growth on a month-on-month basis Commerzbank surges after Unicredit bought 9% stake By Pranav Kashyap Sept 11 (Reuters) - European shares opened higher on Wednesday, boosted by the tech and basic resources sectors, while investors awaited a key U.S.
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ASML needs licence to service some equipment in China, Dutch government says

UPDATE 1-ASML needs licence to service some equipment in China, Dutch government says Updates with details, quote, background in paragraphs 3-13 By Toby Sterling AMSTERDAM, Sept 10 (Reuters) - The Dutch government on Tuesday clarified that ASML ASML.AS needs a licence to provide spare parts and software updates for computer chipmaking equipment it has previously sold to Chinese customers that now falls under export restrictions.
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China says "dissatisfied" with new Dutch export controls on ASML chipmaking tools

China says "dissatisfied" with new Dutch export controls on ASML chipmaking tools BEIJING, Sept 8 (Reuters) - China is "dissatisfied" with the Dutch goverment's decision to expand export controls on ASML ASML.AS chipmaking equipment, the Chinese commerce ministry said in a statement on Sunday. The Dutch government on Friday said it would expand export licensing requirements for ASML's 1970i and 1980i DUV (Deep Ultraviolet) immersion lithography tools, aligning its rules with export restrictions
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Sept 6 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 09-Sep-2024 20:00 ASML.AS ASML Holding NV ASML Holding NV Meet the Management: Lung Cancer and QCS Presentation 09-Sep-2024 NTS IETB.BR D'Ieteren Group SA Half Year 2024 D'Ieteren Group NV Earnings Release 09-Sep-2024 12:15 SRENH.S Swiss Re AG Swiss Re AG Media Confer
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Dutch government retakes export control over two ASML tools from US

UPDATE 2-Dutch government retakes export control over two ASML tools from US Dutch will oversee licensing for all DUV immersion tools ASML says the change in oversight will not impact earnings Move aligns US, Dutch policy Controls on DUV tools follow Chinese engineering advances Updates with share price in paragraph 4, detail in 13-17 By Toby Sterling AMSTERDAM, Sept 6 (Reuters) - The Dutch government on Friday said it would expand export licensing requirements for some ASML ASML.AS chipmaking e
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Antofagasta, Colonial, and Hill & Smith

EUROPE RESEARCH ROUNDUP-Antofagasta, Colonial, and Hill & Smith Sept 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Antofagasta, Colonial and Hill & Smith, on Friday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays cuts target price to 1,600p from 1,660p * Colonial COL.MC : Jefferies raises to buy from hold * Hill & Smith HILS.L : Berenberg raises target price to 2,500p from 2,350p * Melrose Industries MRON.L : Morgan Stanley initiat
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Dutch government retakes export control over two ASML tools from US

Dutch government retakes export control over two ASML tools from US AMSTERDAM, Sept 6 (Reuters) - The Dutch government on Friday said it would begin requiring export licences for two more of ASML's "Deep Ultraviolet" or DUV lithography tools, used in making computer chips, in the name of national security. The United States had previously claimed the right to regulate those tools as part of its campaign to restrict access to advanced technology by Chinese chipmakers, to slow their technological
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