Morning Spread

Morning Spread

Friday 19th August 2016
IndexLevelChg (%)
UK Market6853.24-0.23
Dow Indust Avg18597.70+0.13
S&P 5002187.02+0.22
Nasdaq Composite5240.14+0.22
Nikkei 22516545.82+0.36
Hang Seng22937.22-0.37
IndexLevelChg (%)
Nymex 1m48.00-0.46
Gold Spot1347.65-0.34
GBP/USD1.3124+0.11
GBP/EUR1.1597+0.01
EUR/USD1.1316-0.12
USD/JPY100.12-0.06

European stocks declined as several sectors tumbled in early trading. The ESTX 50 (-1.13%), CAC 40 (-1.01%), Dax (-0.92%) and the UK markets (-0.21%) all posted losses this morning. Vopak, the world’s largest independent storage tank operator, was down more than -2% after it reported first half results. William Hill rose +5% after saying that operating profit for 2016 would be at the higher end of its forecast. Nibe jumped +4.3% after reporting a pretax profit just above forecast. A.P.Moeller-Maersk A/S rose +0.9% after saying it’s still considering several options in its strategic review after a local newspaper reported that the company was exploring a two-way split into an energy and a transport company.  

US stocks rose as Brent oil’s rise above $50 a barrel boosted energy shares and an upbeat outlook lifted Wal-Mart to a 14 month high. The Dow Jones Industrial Average (+0.13%), S&P 500 (+0.22%) and the Nasdaq Composite (+0.22%) all advanced. Data on Thursday showed the number of American’s filing for unemployment benefits fell more than expected last week. Wal-Mart rose +1.9% after the retailer reported a better than expected quarterly profit and raised its fiscal year outlook. The upbeat forecast followed disappointing outlooks from Target and Lowe’s the previous day. Cisco fell -0.8% after saying it would cut 5,500 jobs and gave a disappointing forecast. NetApp jumped +17.4% after its quarterly results beat expectations.

Asian stocks were mixed, as early gains were erased as consumer and health care shares declined. The S&P/ASX 200 (+0.34%) and the Nikkei 225 (+0.36%) both gained, while the Hang Seng (-0.37%) declined. Fujitsu Ltd jumped +9.3% after JPMorgan Chase & Co upgraded its rating on the company’s stock to “overweight” from “neutral”. Hitachi Ltd advanced +2.1% after saying it won an order for a proton-beam cancer therapy system from the National Cancer Centre Singapore. Toyota Motor Corp rose +2.1% as most Japanese car makers advanced. Honda Motor Co added +3.5% and Mazda Motor Corp increased +2.3%.