Morning Spread

Morning Spread

Friday 19th December 2014
IndexLevelChg (%)
UK Market6506.87+0.63
Dow Indust Avg17778.15+2.43
S&P 5002061.23+2.40
Nasdaq Composite4748.40+2.24
Nikkei 22517621.40+2.39
Hang Seng23116.63+1.25
IndexLevelChg (%)
Nymex 1m55.02+1.68
Gold Spot1197.69-0.09
GBP/USD1.5655+0.04
GBP/EUR1.2753+0.03
EUR/USD1.2276-0.07
USD/JPY119.39-0.30

European stocks advanced for a fourth day, extending gains amid a global rally, after jumping the most than three years yesterday. The ESTX 50 (+0.38%), UK markets (+0.66%), CAC 40 (+0.56%) and the Dax (+0.48%) all posted gains in early trading. Atos climbed +6.5% after agreeing to buy Xerox Corp’s information technology outsourcing business for $1.05 billion, almost tripling the company’s business in the US. BHP Billiton Ltd and Anglo American Plc rose more than +1% as gauge of miners rallied for a fourth day. Air France-KLM Group slumped +6.5% after pushing back delivery of some aircraft in the next two years to contain costs following its third profit revision this year. Roche Holding AG slid -6.1% after reporting disappointing results from a clinical trial that combined two if its newer breast cancer drugs, denting hopes of broadening the market for treatments that are already among its fastest growing products.

 

US stocks rallied the most since 2011 as global equities rallied on the Federal Reserve’s pledge to be patient on boosting rates. The Dow Jones Industrial Average (+2.43%), S&P 500 (+2.40%) and the Nasdaq Composite (+2.24%) all advanced. Microsoft Corp and International Business Machines Corp climbed more than +3.6% to lead gains in the Dow. Oracle Corp climbed +10.2%, a day after quarterly results topped Wall Street expectations. Apple rose +3%. Hertz Global Holdings Inc added +5.8% after shareholder Carl Icahn reported an increased stake in the company. Icahn bought 2.63 million shares on December 15th. Rite Aid Corp surged +12% after quarterly profit and revenue topped analysts’ estimates, helped by an increase in sales of prescription medicines, and the retailer boosted its annual earnings forecast.

 

Asian stocks advanced amid a global rally. Japanese shares jumped on a weaker yen and Chinese shares surged to a four year high. The Nikkei 225 (+2.39%), Hang Seng (+1.25%) and the S&P/ASX 200 (+2.45%) all gained. Aluminium Corp of China Ltd surged +6.5% in Hong Kong after its chairman resigned and the company said it was planning on selling silicon units. BYD Co advanced +14%, rebounding from a record slump yesterday, after saying Warren Buffett’s Berkshire Hathaway Inc had no plans to reduce its stake in the company. Japanese exporters advanced as the yen weakened. Toyota Motor Corp gained +4.3%. Canon Inc added +1%. Isuzu jumped +4.9% after Morgan Stanley raised its investment rating on the stock to “overweight”. Daiwa Securities Group Inc rose +4.8%, leading brokerages higher. Nomura Holdings Inc rose +3.1%.