Morning Spread

Morning Spread

Tuesday 20th January 2015
IndexLevelChg (%)
UK Market6610.47+0.38
Dow Indust Avg17511.57+1.10
S&P 5002019.42+1.34
Nasdaq Composite4634.38+1.39
Nikkei 22517366.30+2.07
Hang Seng23951.16+0.90
IndexLevelChg (%)
Nymex 1m47.33-2.79
Gold Spot1292.81+1.35
GBP/USD1.5152-0.13
GBP/EUR1.3067+0.25
EUR/USD1.1595-0.12
USD/JPY118.47-0.80

European stocks advanced amid speculation that the ECB will announce a plan for quantitative easing this week. The ESTX 50 (+0.52%), UK markets (+0.25%), CAC 40 (+0.74%) and the Dax (+0.27%) all posted gains in early trading. Royal Philips NV gained +3.5% as Financieele Dagblad reported that private equity KKR & Co and CVC Capital Partners Ltd have a joint interest in the company’s lighting unit. Novozymes A/S climbed +4.7% after fourth quarter profit exceeded estimates. Deutsche Lufthansa AG gained +2.9% as Barclays Plc recommended buying the shares. SAP SE dropped -3.8% after cutting its 2017 profit target. Petrofac Ltd climbed +5.4% after a consortium including the company won a $4 billion project in Kuwait. Unilever dropped -1.4% after posting quarterly sales growth that trailed analysts’ estimates. Rio Tinto Group slipped -1% after fourth quarter iron ore production missed estimates.

 

Asian stocks rose as Chinese equities rebounded and investors awaited the outcome of central bank policy meetings. The Dow Jones Industrial Average (+1.10%), S&P 500 (+1.34%) and the Nasdaq Composite (+1.39%) all advanced. Toyota Motor Corp climbed +2.6% as the yen weakened. Kobe Steel Ltd rose +5.2% after Credit Suisse Group AG raised its share price target. Citic Securities Co rallied +5.9% in Hong Kong after slumping a record -16% in the previous session. Kingsoft Corp gained +8.2% after Xiaomi Corp agreed to raise its stake in the software vendor. Japan Exchange Group Inc gained +3.4% after raising its full year profit.

 

US markets were closed due to a national holiday.