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6000 employees cut from UnicreditAnother bank, the same story "The Italian bank may lose as many as 10,000 staff in a new strategic plan." It just proves that the banking sector continues to suffer... only a few will survive. For that, they need to restructure and optimize the service. UniCredit joins other large European banks slashing costs and reducing job numbers as they seek to adapt to low-interest rates that make it harder for lenders to increase revenue. Deutsche Bank AG plans to cut 18,000 positions in a sweeping ove
MIL:UCG
by Market_Referee
Short Luxury - Is the mkt too complacent on CoronaVIs the market too complacent on Conorona Virus?: the market anticipates, the crisis is only temporary and should soon be behind us. It will be important monitor the evolution of infected cases and other headlines on suspended activities in China (closed shops, airport traffic etc…). Further deterioration of the situation could change the market belief. LVMH retraced 61.8% of the fall provides a selling opportunity. Asia ex Japan is 30% of LVMH top line, while Japan is 7%. 20% of Asian sales of
LShort
by AndreasRuhlmann
1
Juventus: Bearish trendToday I have a quite unusual stock. Instead of watching Italian football, why not watching some Italian stocks. First of all we can see a bearish trend to the resistence line (1.1185). However, at this point it could reverse. Points to consider: - There is not high volume fluctuations (price will not increase/decrease drastically) - Price quite below EMA 8 so the bearish trend will continue (also was proved with EMA 12 and the result was the same). - RSI (important): it is trading at a very low
MIL:JUVE
by lukdesimone
OIl and ENI: Spread OpportunityGood opportunity on the Italian Market to be exploited with a spread trade. Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities. My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses). Investing Fellow Disclosure: My ideas contain statements and projections based on as
MIL:ENI
by Investing_Fellow
ISP ANALYSISHi traders :) I'm Guario, and here are some thoughts regarding ISP possible future price action. Although I prefer analyse forex, cryptocurrency or commodity markets, I've decided to bring this analysis to you traders because this title is giving pretty interesting signal. Infact ISP has just reached the volumetric level of 2.3425 along whit a very visible Stochastic divergence. ALso notice how price is perfectly reacting with the red up trendline which is now acting as support. I suggest to set
MIL:ISPShort
by Guario
LVMH VS Richemont vs SwatchLong LVMH short Swatch, neutral/short CFR thesis continued... Swiss watch exports grew by 1.5% for Oct’19, slowing from +10.4% in the Sep’19. The main contributor to the slowdown was Hong Kong, which declined by 29.7% y/y. This decline is in line with luxury revenue and retail sales growth in Hong Kong. Estimates that exports to Greater China declined by 10% y/y this month despite strong growth in Mainland China (+17.6% y/y). The increased spending in Mainland China is still not sufficient
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by Martintradingza
Luxury Goods: LMVH vs CFR vs SwatchSwiss Watch exports in Sep 2019 increased 10.2% YoY, improving from 1,7% in the previous month - benefitting from a low base and strong performance in Asian markets ex HK. LMVH reported that disruption in HK is not necessarily being offset in neighboring Asian markets an deman was stable from H1'19. LMVH further stated a 40% decline in HK sales in August and September. Not ideal for CF as it has the largest exposure to HK (12% of sales). Chow Tai Food (HK jewellery retailer) reported a 42% d
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by Martintradingza