European stocks advanced as a new poll showed an increase in the number of Britons that support staying in the European Union. The ESTX 50 (+2.93%), CAC 40 (+2.82%), Dax (+2.92%) and the UK markets (+2.44%) all posted gains in early trading. A poll published over the weekend showed 45% of voters supported the “Remain” camp, while 42% were in favour of secession, a turnaround from early last week when surveys put the latter group ahead. UniCredit SpA jumped +5.8% after Italian newspaper II Fatto Quotidiano reported that the bank is likely to appoint former government minister Corrado Passera as its next CEO. Banco Bilbao Vizcaya Argentaria SA advanced +3.5% after reports that the bank instigated a new strategic plan in March that wasn’t announced to the market. UbiSoft Entertainment SA gained +5% after Vivendi SA increased its stake in the company to 20.1%. Vivendi rose +2.7%.
US stocks closed down Friday, as investors continued to fret over the possibility that the UK may leave the European Union on top of lingering concerns about the Federal Reserve’s reluctance to raise interest rates. The Dow Jones Industrial Average (-0.33%), S&P 500 (-0.33%) and the Nasdaq Composite (-0.92%) all retreated. Apple fell -2.28% after Beijing’s intellectual property regulator ruled that the design for iPhone 6 and iPhone 6 plus is too similar to a Chinese phone and ordered the Apple to stop sales of the devices in the City. Elizabeth Arden Inc surged +49% after Revlon Inc said it would buy its rival for $420 million. Revlon shares gained +6.7%.
Asian stocks rose as a poll showed a tilt in favour of Britain remaining in the European Union and a weaker yen buoyed the earnings outlook for Japanese exporters. S&P/ASX 200 (+1.82%), Hang Seng (-1.69%) and the Nikkei 225 (+2.34%) all advanced. Esprit Holdings Ltd, which Jefferies Group LLC named as among the most exposed Chinese companies to a Brexit, slid -1.7%. Cheung Kong Property Holdings Ltd added +2.4% after Hong Kong’s secondary private residential property prices rose 0.35% in the week ended June 12th. China Petroleum & Chemical Corp climbed +2.5% as oil gained for second day above $48 a barrel as the dollar retreated.
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.