Morning Spread

Morning Spread

Tuesday 16th February 2016
IndexLevelChg (%)
UK Market5856.58+0.24
Dow Indust Avg15973.84+2.00
S&P 5001864.78+1.95
Nasdaq Composite4337.51+1.66
Nikkei 22516054.43+0.20
Hang Seng19122.08+1.08
IndexLevelChg (%)
Nymex 1m30.08+2.17
Gold Spot1206.09-0.27
GBP/USD1.4494-0.36
GBP/EUR1.2975+0.24
EUR/USD1.1172+0.14
USD/JPY114.14+0.45

European stocks rose this morning, helped by stronger energy stocks which gained ground as oil prices surged on the possibility of output cuts. The ESTX 50 (+0.20%), UK markets (+0.24%) and the CAC 40 (+0.23%) all posted gains in early trading, while the Dax (-0.35%) retreated. Anglo American climbed more than +6% after the firm’s underlying earnings did not fall as much as some had anticipated. Vodafone slipped -0.54% after agreeing to combine operations in the Netherlands with Liberty Global, with Vodafone paying €1 billion in cash to Liberty. Orange rose +1.1% after returning to core profit growth a year earlier than planned. Orange added it was still in talks to buy Bouygues Telecom.

US markets were closed for Presidents Day

Asian shares extended gains as a combination of stabilising Chinese markets, rebounding oil prices and solid US consumption data prompted investors to look for bargains after last week’s falls.  The Nikkei 225 (+0.20%), Hang Seng (+1.08%) and the S&P/ASX 200 (+1.37%) all increased. SoftBank Group Corp which soared +15.9% after announcing it would buy back as much as 14.2% of its own shares. Citic Securities Co advanced +6.1% in Shanghai after the Securities Times reported that a probe into the brokerage may be over after some mid level employees were allowed to leave the country over this month’s Chinese new year holiday. BOE Technology Group Co surged by the 10% daily limit, while China Cosco Holdings Co rallied +9.9%.