Morning Spread

Morning Spread

Thursday 17th September 2015
IndexLevelChg (%)
UK Market6219.71-0.15
Dow Indust Avg16739.95+0.84
S&P 5001955.31+0.87
Nasdaq Composite4889.24+0.59
Nikkei 22518342.27+1.43
Hang Seng21932.67-0.15
IndexLevelChg (%)
Nymex 1m47.01-0.30
Gold Spot1120.95+0.13
GBP/USD1.5520-0.23
GBP/EUR1.3790+0.13
EUR/USD1.1321+0.10
USD/JPY120.93-0.21

European shares declined ahead of the Federal Reserve’s decision whether or not to raise interest rates later today. The ESTX 50 (-0.21%), UK markets (-0.25%), CAC 40 (-0.30%) and the Dax (-0.10%) all posted losses in early trading. Altice NV added +2.7%, after earlier jumping +13%, as it agreed to buy Cablevision Systems Corp. TeliaSonera AB gained +3.5% after saying it plans to exit Asia and ex-Soviet countries. Rotork Plc plunged -16% after forecasting annual revenue below analysts’ estimates and saying the second half of the year will be challenging. Phoenix Group rose +2.8% after confirming talks to buy Guardian Financial Services.    

 

US stocks rose after a 6% jump in oil prices pushed energy stocks higher. But many investors stayed on the sidelines ahead of the US Federal Reserve’s decision on interest rates. The Dow Jones Industrial Average (+0.84%), S&P 500 (+0.87%) and the Nasdaq Composite (+0.59%) all increased. The energy index led a broad rally for the S&P 500 with a 2.8% increase as crude prices settled up 6% after an unexpected drawdown in US stockpiles. Chevron Corp and Exxon Mobil Corp advanced more than +1.9% each. Hewlett-Packard Co gained +5% amid its plans to cut about 30,000 jobs. FedEx Corp lost -2.8% after cutting its 2016 profit forecast. Molson Coors Brewing Co jumped +14% to a record after Anheuser-Busch InBev NV said it intends to make a bid for Molson’s joint venture partner SABMiller Plc.

 

 

Asian stocks rose ahead of the Federal Reserve’s policy decision. The Nikkei 225 (+1.43%) and the S&P/ASX 200 (+0.94%) both increased, while the Hang Seng (-0.55%) declined. BHP Billiton Ltd added +2.8% in Sydney after metals and oil prices climbed. China Resources Enterprise Ltd gained +4.1% as Anheuser-Busch InBev NV’s planned offer to buy the company’s partner SABMiller Plc could help boost sales and yield cost savings in China. Omron Corp climbed +4.4% in Tokyo after saying it will Adept Technology Inc.