Morning Spread

Morning Spread

Wednesday 18th June 2014
IndexLevelChg (%)
UK Market6791.13+0.36
Dow Indust Avg16808.49+0.16
S&P 5001941.99+0.22
Nasdaq Composite4337.23+0.37
Nikkei 22515115.80+0.93
Hang Seng23181.72-0.09
IndexLevelChg (%)
Nymex 1m106.72+0.34
Gold Spot1267.77-0.23
GBP/USD1.6942+0.14
GBP/EUR1.2501-0.19
EUR/USD1.3552+0.06
USD/JPY0.00978+0.09

European stocks advanced as investors awaited a Federal Reserve monetary-policy decision. The ESTX 50 (+0.18%), UK Markets (+0.35%), CAC 40 (+0.19%) and the Dax (+0.11%) all posted gains in early trading. Ryanair Holdings Plc rose +1% as its head of sales said the airline is interested in buying a 20% in Spanish airports operator Aena Aeropuertos SA. Rheinmetall AG advanced +3.2% after Handelsblatt reported that the company will sign a €2.7 billion tank deal with Algeria. Vodafone Group Plc advanced +1.1% after a report said the company, along with 02, is in talks to exclusively offer Amazon.com Inc’s planned smartphone. Zoopla Property Group Plc climbed +4.1 on its first day of trading in London.

 

US stocks rose after data showed US inflation quickened as the Federal Reserve begins a policy meeting. The Dow Jones Industrial Average (+0.16%), S&P 500 (+0.22%) and the Nasdaq Composite (+0.37%) all advanced. Online brokers rallied as the Senate’s Permanent Subcommittee on Investigations met for hearing to examine conflicts of interest embedded deep in the plumbing of equity markets. US stock exchanges called for greater public disclosure or elimination of incentives and fees that favour the interests of high-speed traders over other investors. E*Trade rose +7.7% and Charles Schwab climbed +5.5%. TD Ameritrade Holding Corp advanced +4.7%. Exchange operators  Inc adding +1.1% and Nasdaq OMX Group Inc increasing +1.9%. Medtronic gained +2.6% after Morgan Stanley upgraded the company to “overweight” from “equal weight”, citing potential returns from its deal to buy Covidien Plc. Netflix jumped +3.1% after Morgan Stanley recommended buying the shares.

 

Asian stocks outside Japan fell as energy shares dropped ahead of a Federal reserve policy decision. The Nikkei (+0.93%) gained, while the Hang Seng (-0.04%) and the S&P/ASX 200 (-0.33%) both declined. Woodside Petroleum Ltd led energy firms lower, falling -4.6% after Royal Dutch Shell Plc sold most of its stake in Australia’s second largest energy producer. Tsuruha Holdings Inc surged +4.3% in Tokyo after forecasting profit will gain 14%. Aquilla Resources Ltd climbed +7% in Sydney after recommending a takeover offer from China’s Baosteel Group Corp and Australia’s Aurizon Holdings Ltd. Japanese exporters rose. Nintendo Co, which counts the Americas as its biggest market for sales, advanced +2.1%. Toyota Motor Corp rose +1.1%. Nikon sank -2.6% after JPMorgan reduced its rating on the stock to “underweight” from “neutral”, citing high costs and downside risks to existing businesses in the company’s plans to increase its medical business sales.