$ENTRA #Entra ASA Entra (Buy, TP: NOK150.00) - Strong and stable: Entra booked Covid-19-related costs of only NOK16m in Q2, while lower interest rates had less of an effect than we expected, resulting in an FFO miss. However, in our view… #equity #stocks

Sberbank - The Russian Eagle. July 2020 - Now That the Tide Has Lifted All Boats...: Falling interest rates have been the key driver behind the rerating of the Russian market. In this note, we argue that the cost of equity has room to… #equity #stocks

$MIL #Bank Millennium S.A. ... DM BOŚ: Daily research report – date 10.07.2020: Headlines Conferences calendar … 2 Large-cap companies news … 3 PKN Orlen, Lotos: European Commission to demand unacceptable requirements for merger? PGNiG:… #equity #stocks

Pelham Smithers Associates Ltd - PSA Today July 10: Global angst / Inflation? / Projecting NECs earnings; exciting / MonotaRO June sales / EV tires from Bridgestone / Flooding disruption to production / Yaskawas Q1 – Nikkei -1.06%: Japan Market Comment…

Natixis - Does monetary policy have an impact on expected inflation in the euro zone?: "Anchoring inflation expectations" at the desired level is the key objective of monetary policy in the euro zone and is the measure of the credibility of monetary…

Sberbank - Commodities Daily - July 10, 2020: > Gold comes under pressure during US trading hours. Gold lost 0.3% yesterday in the wake of fairly strong US initial jobless claims data. Risk appetite is on the wane today amid a rise in coronavirus deaths…

$3JR #Sopharma AD FFBH Equity Research - Sopharma Update July 2020: INCREASED RELIANCE ON THE DISTRIBUTION SEGMENT TO BOOST REVENUES WHILE ERODING MARGINS We revised Sopharma’s valuation model to reflect the developments since our… #equity #stocks

$GSK #GlaxoSmithKline PLC GLAXOSMITHKLINE: Cabotegravir LA should note displace Truvada and Descovy in PrEP | NEUTRAL | 1853p(+15%): GLAXOSMITHKLINE - NEUTRAL | 1853p(+15%) Cabotegravir LA should note displace Truvada and Descovy in PrEP… #equity #stocks

$2899 #Zijin Mining Group (H) Zijin Mining (2899 HK): Riding on rising copper and gold prices: Copper prices have rebounded 45% from the trough in March amid potential pandemicrelated supply disruptions while demand has started to… #equity #stocks

DnB Markets - Short comment: Norwegian core inflation edged further up in June: Short comment: Norwegian core inflation edged further up in June (2 pages)

$A14RZD #Cellnex Telecom SAU ... INFORME DIARIO 10 JULIO (ANÁLISIS BANCO SABADELL): COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, EUSKALTEL, MAPFRE, SECTOR BANCOS ESPAÑA, ROVI. EUROPA: SIEMENS, VOLKSWAGEN El miedo al Covid-19 no… #equity #stocks

$DAVA #Endava PLC ADS ... TCS Q1/FY21 Results Read-Thru: Positive Commentary On Pipeline, And Digital: | #equity #stocks

ICU - Bond Market Insight -- Rates no longer declining: The end of the 1H20 brought a sharp fall in banking-sector liquidity caused low activity at yesterday's primary auction with a little movement in interest rates.

ICU - Weekly Insight -- Economic activity slowly recovering: Based on data published last week by UkrStat, we estimate the decline in GDP to slow to 10% YoY in May from 13% YoY in April. Due to the gradual lifting of quarantine restrictions, retail trade…

ICU - Bond Market Insight -- Demand doubles; borrowings increase: Investors and the Ministry of Finance were able to find common ground, which resulted in increased budget financing at a quite low cost. Interest rates for bills up to one year maturity…

ICU - Weekly Insight -- GDP falls by 1.3% YoY in 1Q20: The economy was hit hard by lockdown measures in March in addition to a sharp fall in investments and public consumption.

ICU - Weekly Insight -- NBU cut rate by 200 bps: An aggressive cut was expected as inflation hit a record low; nonetheless, the period of rapid rate decreases is over.

ICU - Bond Market Insight -- Rates fall: To restore successful bond auctions after a month's break, the MoF had to increase interest rates and shorten maturities. However, this increase was replaced by decrease in rates yesterday, and an extension of…

Natixis - Whatever its claims, the ECB is doomed to control long-term interest rates and peripheral countries yield spreads: Officially, the ECB still has a return of inflation to around 2% as its objective, does not intend to buy government bonds for a…

ICU - Weekly Insight -- MoF resumes primary auctions: Despite the resumption of primary auctions last week with a reasonable increase in interest rates, foreigners' portfolios continued to decline. This week, local banks can purchase new T-bills and try…