Swedish stocks: Seen opening higher, ICA Q2 EBIT misses consensus

Actic AB

16/08/2018 07:43

** Swedish shares seen opening higher on Thursday, in line with European
stocks
    ** Asian shares pulled away from one-year lows on Thursday, after Beijing
said it will hold trade talks with Washington this month, although Turkey's
currency crisis and fears of an economic slowdown in China kept most markets in
the red  urn:newsml:reuters.com:*:nL4N1V71XD
    ** Sweden's biggest grocery retailer ICA  ICAA.ST  posted on Thursday
second-quarter operating profit of 951 million Swedish crowns ($103.7 million),
lower than consensus of 1.04 billion crowns, weighed down by higher costs in ICA
Sweden  urn:newsml:reuters.com:*:nFWN1V60U9 
    ** Barclays hikes target prices for Sweden's biggest banks, ups Swedbank
 SWEDa.ST  to SEK 215 from SEK 207, Handelsbanken  SHBa.ST  to SEK 99 from SEK
97.5, SEB  SEBa.ST  to SEK 105 from SEK 100 and Nordea  NDA.ST  to SEK 104 from
SEK 99
    ** Electrolux  ELUXb.ST  appoints new CFO as Ohlsson-Leijon to head European
unit  urn:newsml:reuters.com:*:nFWN1V700H
    ** Barclays raises International Petroleum Corp  IPCOR.ST  to "equal weight"
from "underweight"; raises target price to SEK 65 from SEK 63
    ** Cherry  CHERb.ST  Q2 EBITDA increases by 78 pct  urn:newsml:reuters.com:*:nFWN1V60ZY
    ** NCAB Group  NCAB.ST  reports quarterly net sales of SEK 416 mln, up 11
pct  urn:newsml:reuters.com:*:nFWN1V60TT
    ** New Wave Group  NEWAb.ST  Q2 operating result rises to SEK 137 mln
 urn:newsml:reuters.com:*:nFWN1V60ZL
    ** Nordic Waterproofing Holding  NWGH.ST  Q2 EBITDA ex-items up at SEK 96
mln  urn:newsml:reuters.com:*:nFWN1V7036
    ** Karolinska Development  KDEV.ST  Q2 net result swings to profit of SEK
31.3 mln  urn:newsml:reuters.com:*:nFWN1V7038

 IG pre-market trading Stockholm OMXS30                     +0.6 pct
 Stoxx Europe 50 future                   STXEc1            +0.7 pct 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     -0.3 pct 
 S&P 500 close previous trading day       .SPX              -0.8 pct 
 
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    

 (RM: esha.vaish.thomsonreuters.com@reuters.net)