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.
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.