European stocks retreated as investors weighed corporate earnings and awaited data that may show euro-area industrial output fell. The ESTX 50 (-0.43%), UK equity markets (-0.86%), CAC 40 (-0.43%) and the DAX (-0.37%) all posted losses in early trading. The UK jobless rate declined to 7.6% in the three months through September, the lowest since 2009, the Office of National Statistics said today. The Bank of England has a 7% unemployment threshold for considering interest rate increases. Carlsberg A/S advanced +3% after posting quarterly profit and cutting the outlook for the Russian market. ProSiebenSat.1 Media AG slumped -6% after investors sold shares in the company at €31.53 apiece. Flybe Group Plc slid -10% after Rosedale Aviation Holdings Ltd sold its entire 48.1% stake in Europe’s biggest airline. J Sainsbury Plc gained +2.3% after posting earnings that exceeded analysts’ estimates. Standard Chartered Plc and Barclays Plc led banks lower, losing more than -2%.
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.