Morning Spread

Morning Spread

Tuesday 19th January 2016
IndexLevelChg (%)
UK Market5866.88+1.50
Dow Indust Avg15988.08unch
S&P 5001880.33unch
Nasdaq Composite4488.42unch
Nikkei 22517048.37+0.55
Hang Seng19635.81+2.07
IndexLevelChg (%)
Nymex 1m29.62+0.20
Gold Spot1090.90+0.18
GBP/USD1.4318+0.39
GBP/EUR1.3159-0.49
EUR/USD1.0881-0.10
USD/JPY117.87-0.43

US equity markets were closed for holidays.

Asia saw attention focussed on the latest Chinese GDP figure, which showed growth in Q4 2015 of +6.8%. This represents an economy which is expanding at the weakest rate since 2009 and led to a rally on expectations of Government stimulus measures. PetroChina was up 4.9%, China Railway was limit up 10%, as was Power Construction Group. In Hong Kong, Ping An was up 5.3%, Shanghai Fosun gained 5.4% and China Mengniu was up nearly 6%. In Australia, the banking sector boosted sentiment with Commonwealth up 1%, Westpac gained 1.3% and ANZ was 0.7% higher. In Japan, Nintendo led the risers up 9% after a broker upgrade with Nissha Printing up 6.5% and Kawasaki Kisen rose 4.5%. On the downside, Aeon REIT fell 4.5% as the company announced plans of a share sale.

Europe is also trying to rally this morning with the Euro Stoxx index up 1.5% led by the banks which are up 2.2%. Stocks rising include Deutsche Bank up 1.8%, Credit Agricole up 4.4% and Societe Generale up 2%. Other climbers include Kering up 3.3%, Statoil up 3.2% and ABB up 2.7%. There are virtually no fallers. In the UK, online retailer Ocado is shooting up 17% on Amazon bid rumours. Otherwise commodity stocks are gaining with Anglo American up 8.5%, Glencore is 7% higher and Rio Tinto is up nearly 4.5%. Other risers include Prudential up 2.6%, Persimmon up 2.7% and British Land up 1.7% after reassuring results.