Morning Spread

Morning Spread

Monday 16th December 2013
IndexLevelChg (%)
UK Market6460.94+0.33
Dow Indust Avg15755.36+0.10
S&P 5001775.32-0.01
Nasdaq Composite4000.98+0.06
Nikkei 22515152.91-1.62
Hang Seng23114.66-0.56
IndexLevelChg (%)
Nymex 1m96.82+0.23
Gold Spot1229.50-0.75
GBP/USD1.6321-0.18
GBP/EUR1.1851-0.22
EUR/USD1.3771+0.39
USD/JPY

European stocks gained as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts. The ESTX 50 (+0.45%), FTSE 100 (+0.23%), CAC 40 (+0.24%), DAX (+0.31%) all posted gains in early trading. Hennes & Mauritz AB climbed +2.7% after reporting that same store sales rose 10%. Aurubis AG slipped -0.8% after reporting a full year net loss. Aggreko Plc gained +4.9% after saying net debt will decline. Deutsche Telekom AG advanced +3.59% after a report that Sprint Corp is considering a bid for its unit T-Mobile US Inc. GlaxoSmithKline Plc was up +0.16% after saying it plans to raise its stake in its Indian Pharmaceutical unit to up to 75% from 50.7% through an open offer in a deal worth about £629 million.

 

US stocks were little changed with losses in oil producers and phone shares offsetting gains after the House of Representatives passed a budget deal. The Dow Jones (+0.10%), S&P 500 (-0.01%) and the NASDAQ Composite (+0.06%) all posted small changes before closing for the weekend. Adobe Systems Inc climbed +13% as it attracted more subscribers to its online software in the quarter than some analysts predicted. Texas Industries Inc jumped +14% as people familiar with the matter said it is seeking a buyer. Anadarko Petroleum Corp fell -6.4%, leading energy stocks lower as a judge ruled the company may have to pay as much as $14 billion in a case related to the spinoff of Tronox Inc. Electronic Arts Inc increased +6% after NPD Group Ltd said US sales of video game hardware jumped 58% in November from the prior year.

 

Asian stocks fell after a gauge of Chinese manufacturing fell and as investors awaited a Federal Reserve meeting starting tomorrow to gauge the timing of stimulus cuts. The Nikkei 225 (-1.62%), Hang Seng (-0.56%) and the S&P/ASX 200 (-0.17%) all declined. Toyota Motor Corp slid -1.9% leading losses among consumer discretionary firms as the yen advanced against the dollar. Senex Energy Ltd sank -8.4% after its $674 million initial takeover proposal for AWE Ltd was rejected by the oil and gas explorer. AWE shares surged +7.2%. Tokyo Electric Power Co gained +1% on a report the government plans to double interest free loans to the utility. Askul Corp tumbled -6.7% in Tokyo after profit at the company dropped 70%. Wumart Stores Inc sank -4.9% after saying plans to buy stores from CP Lotus Corp won’t proceed just two months after the companies announced the deal.