ArcelorMittal

  • TickerMTL
  • ISINLU0323134006
  • ExchangeLuxembourg Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryLuxembourg

Analysts

Research Department

IBERIAN DAILY 15 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, ARCELOR MITTAL, FERROVIAL. MARKETS YESTERDAY AND TODAY The inversion of the curve drags down stock markets European markets opened with losses that grew to above -2.0% as sell offs began to spread in view of the fear that the US curve would invert. In the Euro Stoxx, the more cyclical sectors like Basic Materials, Banks and Technology were hit the hardest, whereas defensive sectors like Real Estate, Food and Utilities fell the least. On the macro side, in Germany the 2Q’19 GDP contracted in line with expectations, although on the YoY level it fell less than expected...

Research Department

INFORME DIARIO 15 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACERINOX, ARCELOR MITTAL, FERROVIAL. La inversión de la curva lastra las bolsas Las bolsas abrieron con pérdidas que fueron acentuándose hasta superar el -2,0% a medida que se imponían las ventas ante el temor de la inversión de la curva estadounidense que llegó a notarse en el intradía. En el Euro STOXX lo sectores más cíclicos fueron los más penalizados como R. Básicos, Bancos y Tecnología mientras que los defensivos como Inmobilario, Alimentación y Utilities presentaron las menores pérdidas. Por el lado macro en Alemania el PIB del 2T’19 se c...

Research Department

IBERIAN DAILY 08 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ARCELOR MITTAL, BBVA, FERROVIAL. MARKETS YESTERDAY AND TODAY Technical rally on European markets without an improved outlook to act as a catalyst European markets recorded modest gains during yesterday’s session. In the Euro Stoxx, the sectors linked to prime materials continued to fall due to the weak yuan and the doubts on growth, and thus Basic Materials and Energy led the drops along with Banks (in view of the new drop in sovereign yields). Travel & Leisure was the sector rising the most, bolstered by the negotiations of Ryanair with its pilots. On the macro side, in Germ...

Research Department

INFORME DIARIO 08 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ARCELOR MITTAL, BBVA, FERROVIAL. EUROPA: ADIDAS, ALLIANZ, BAYER, DEUTSCHE TELEKOM, SIEMENS. Rebote técnico de las bolsas europeas sin mejora de perspectivas que actúe de catalizador Las bolsas europeas mantuvieron modestas ganancias durante toda la jornada. En el Euro STOXX los sectores ligados a materias primas siguieron acusando con caídas la debilidad del yuan y las dudas sobre el crecimiento, así R. Básicos y Energía lideraron las caídas junto con Bancos (ante una nueva caída de las rentabilidades soberanas), Ocio fue el sector con mayores s...

Research Department

INFORME DIARIO 01 AGOSTO (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 01 AGOSTO (ANÁLISIS BANCO SABADELL)

Research Department

IBERIAN DAILY 15 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, ARCELOR MITTAL, FERROVIAL. MARKETS YESTERDAY AND TODAY The inversion of the curve drags down stock markets European markets opened with losses that grew to above -2.0% as sell offs began to spread in view of the fear that the US curve would invert. In the Euro Stoxx, the more cyclical sectors like Basic Materials, Banks and Technology were hit the hardest, whereas defensive sectors like Real Estate, Food and Utilities fell the least. On the macro side, in Germany the 2Q’19 GDP contracted in line with expectations, although on the YoY level it fell less than expected...

Research Department

INFORME DIARIO 15 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACERINOX, ARCELOR MITTAL, FERROVIAL. La inversión de la curva lastra las bolsas Las bolsas abrieron con pérdidas que fueron acentuándose hasta superar el -2,0% a medida que se imponían las ventas ante el temor de la inversión de la curva estadounidense que llegó a notarse en el intradía. En el Euro STOXX lo sectores más cíclicos fueron los más penalizados como R. Básicos, Bancos y Tecnología mientras que los defensivos como Inmobilario, Alimentación y Utilities presentaron las menores pérdidas. Por el lado macro en Alemania el PIB del 2T’19 se c...

Research Department

IBERIAN DAILY 08 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ARCELOR MITTAL, BBVA, FERROVIAL. MARKETS YESTERDAY AND TODAY Technical rally on European markets without an improved outlook to act as a catalyst European markets recorded modest gains during yesterday’s session. In the Euro Stoxx, the sectors linked to prime materials continued to fall due to the weak yuan and the doubts on growth, and thus Basic Materials and Energy led the drops along with Banks (in view of the new drop in sovereign yields). Travel & Leisure was the sector rising the most, bolstered by the negotiations of Ryanair with its pilots. On the macro side, in Germ...

Research Department

INFORME DIARIO 08 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ARCELOR MITTAL, BBVA, FERROVIAL. EUROPA: ADIDAS, ALLIANZ, BAYER, DEUTSCHE TELEKOM, SIEMENS. Rebote técnico de las bolsas europeas sin mejora de perspectivas que actúe de catalizador Las bolsas europeas mantuvieron modestas ganancias durante toda la jornada. En el Euro STOXX los sectores ligados a materias primas siguieron acusando con caídas la debilidad del yuan y las dudas sobre el crecimiento, así R. Básicos y Energía lideraron las caídas junto con Bancos (ante una nueva caída de las rentabilidades soberanas), Ocio fue el sector con mayores s...

Research Department

INFORME DIARIO 01 AGOSTO (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 01 AGOSTO (ANÁLISIS BANCO SABADELL)

1 director sold

A director at ArcelorMittal sold 2,667 shares at 18.192EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Russell Waller

Global TMT: UI/DRI Downgrade, VOD/HUTCH/TPG, Singapore, MTS

Global TMT: UI/DRI Downgrade, VOD/HUTCH/TPG, Singapore, MTS.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Casino, Deutsche Bank, DT, ArcelorMittal, EDF

Casino (COFP) was downgraded by two notches by S&P to B with CreditWatch negative after Casino's parent Rallye (RALFP) entered into safeguard proceedings last week. Although Casino itself is not part of the proceedings, S&P believes there is significant event risk for Casino and its creditors. S&P also believes the proceedings raise questions about the reliability of the group's governance standards. The CreditWatch negative reflects significant uncertainties that could arise from Rallye entering safeguard proceedings and the impact that this could have on Casino, directly or indirectly.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Engie and ArcelorMittal

In April, the consortium led by Engie (ENGIFP) and Caisse de Dépôt et Placement du Québec (CADEPO) made the best offer for the acquisition of 90% of Petrobras' (PETBRA) TAG gas pipelines in Brazil. The deal amounted to $8.6bn and received the approval of the Brazilian antitrust regulator. Yesterday, the Brazilian Supreme Court suspended the sale of Petrobras' assets. The main reason is an ongoing dispute on the sale of public assets to foreign private companies. TAG transports natural gas across the country with a gas pipeline network of 4,500km. From a credit perspective, we view the possibil...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Carrefour, UniCredit, DT, Enel, ArcelorMittal

Carrefour (CAFP) is considering options for its business in China, according to Bloomberg reports. People familiar with the matter said that Carrefour could sell the business for US$1bn, but may also opt to only divest a stake or not sell altogether. A spokesperson for Carrefour denied that a sale is on the table. A full sale of the China business would decrease net adjusted leverage by just over 0.1x to 2.2x, which we don't see as material for spread development. (For full stories, download report)

ING
Hendrik Wiersma ...
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Benelux Credit Digest/Issuer Profiles

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Marcel Klok
  • Nadège Tillier
  • Philippe Ledent

BNLX + /European and BeNeLux credit value mapping

Strategy and Supply . Retracement of 2018 sell-off almost complete . Supply surprisingly robust on the back of US issuers . BeNeLux supply dominated by ABIBB $ trade . We like the 2022-25 part of the curve, selective BBB exposure advised . TLTRO announcement increases the long odds of CSPP2

ResearchPool Subscriptions

Get the most out of your insights

Get in touch