US equities were weaker on Thursday as investors once again considered the problems in Greece. The best performer was Philip Morris which gained 8.74%. During the first quarter of the year, Philip Morris reported earnings of 1.16 per share vastly outperforming estimates by 0.15. Financials were the other group to register rises with Citigroup up 1.52% and American Express up 1.45%. Among the decliners were Oracle down 1.2%, Merck was down 1% and Toll Brothers lost 3%.
Asia was weaker with Japan held back by a rising Yen. Sony lost nearly 4% as Wikileaks published some company documents. There was a profit warning at the previously strong performing Don Quijote, the discount retailer, which fell nearly 8%. There was also a near 6% decline in Yamaha, as Goldman Sachs advised selling the shares. Gainers included Daihatsu up 4%, Lapine up 10% and 3D up 22%. In Australia, Worley Parsons was up nearly 9%, despite the company saying it was not aware of the reason for a rise.
Europe is weaker with continuing uncertainty over the level of Greek debt, trading volumes are also weak as Bloomberg suffers a global crash. The IMF have warned Greece that they cannot miss any of the debt payments. In Switzerland, Syngenta is down 3% as Q1 sales missed estimates and margins are also struggling to fulfil their potential. Other fallers include Commerzbank down just over 1%, Vestas Wind is down 1.82% and Airbus is 1.30% lower. Thales is nearly 2% higher as Goldman Sachs issued a Conviction Buy note. In the UK, media stocks are higher with ITV up 1%, being cited as a takeover target and Pearson is up 1.7%.
Morning Spread 8th March 2017 European shares traded flat this morning, the modest moves masking significant results driven games by several companies on a bust day for European earnings.
Morning Spread 2nd November 2016 Asian stocks followed global equities lower despite gauges of manufacturing in China topping estimates and the Bank of Japan maintained its record stimulus program.
Morning Spread 1st November 2016 Asian stocks were mixed as declines in oil prices dragged energy shares lower and investor anxiety grew over next week’s US presidential election.
Morning Spread 28th October 2016 Asian stocks fell as oil explorers pushed down Hong Kong gauges, while investors digested earnings from several companies.
Morning Spread 27th October 2016 US stocks were mixed following the release of earnings from several companies.
Morning Spread 24th October 2016 US stocks were little changed as a record day for Microsoft and earnings from McDonald’s helped offset a fall in energy and healthcare shares.
Morning Spread 19th October 2016 Asian shares rose as a barrage of Chinese data confirmed the economy had stabilised on the back of government spending and a hot housing market, even if worries about debt continue to mount.
Morning Spread 10th October 2016 Asian stocks were mixed following the second US presidential debate between Hilary Clinton and Donald Trump.
Morning Spread 5th October 2016 Most Asian stocks outside Japan slid on concern central banks will reduce stimulus, while the Nikkei climbed after the yen weakened.
Morning Spread 27th September 2016 Asian stocks advanced with investors viewing Democratic candidate Hillary Clinton as having gotten the upper hand in the first US presidential debate.