Morning Spread

Morning Spread

Tuesday 20th October 2015
IndexLevelChg (%)
UK Market6329.80-0.35
Dow Indust Avg17230.54+0.08
S&P 5002033.66+0.03
Nasdaq Composite4905.47+0.38
Nikkei 22518207.15+0.42
Hang Seng22989.22-0.37
IndexLevelChg (%)
Nymex 1m45.87-0.04
Gold Spot1173.47+0.23
GBP/USD1.5482-0.06
GBP/EUR1.3634-0.24
EUR/USD1.1356+0.30
USD/JPY119.58-0.10

European shares were mixed this morning as a few companies revised their earnings forecasts and mining stocks continued to fall in the wake of weak China data. The ESTX 50 (+0.08%), Dax (+0.04%) and the UK markets (+0.07%) all posted small gains, while the CAC 40 (-0.20%) decreased. Actelion rose +4% after it raised its full year earnings forecast as sales of its new treatment for pulmonary arterial hypertension beat analysts’ expectations. Whitbread and Assa Abloy AB added +3.2% after posting earnings that beat analysts’ estimates. A report showed Swiss watch exports had their biggest quarterly decline since 2009, sending shares of Swatch Group AG and Cie Financiere Richemont SA at least -1.5% lower.  

 

US stocks gained, helped by an advance in tech and biotech companies. The Dow Jones Industrial Average (+0.08%), S&P 500 (+0.03%) and the Nasdaq Composite (+0.38%) all increased. The Dow and S&P 500 pared losses late in the session while the Nasdaq added to gains. Nike was up +2.1%, which helped the Dow. While gains in Apple and Intel supported all three major indexes. Intel was up +1.7%, while Apple was up +0.6%. After the bell, shares of IBM dropped -4.9%, while Rambus fell -10.2% to $12.48, following results. Exxon slipped -1.8% and Chevron fell -1.4%, the biggest drags on the S&P 500 and the Dow, after US crude oil fell 2.9%. Morgan Stanley’s shares fell -4.8% after announcing profit that fell for the second straight quarter, capping mostly downbeat quarterly results from major US banks.

 

Asian stocks fell as energy and material shares led losses and casino stocks trading in Hong Kong slumped. The Hang Seng (-0.44%) and S&P/ASX 200 (-0.65%) both decreased, while the Nikkei 225 (+0.42%) increased. BHP Billiton Ltd., the world’s largest mining company, slipped -2.9% in Sydney as commodity companies extended Monday losses. Wynn Macau Ltd sank -0.5% in Hong Kong as gaming revenue at Macau casinos dropped. Gold futures dropped the most this month, dragging Newcrest Mining Ltd down -5.1% in Sydney. Tokyo Electric Power Co tumbled -4.5% in Tokyo as NHK reported that Japan’s Health Ministry said for first time that leukemia in an employee who worked at its Dai-Ichi power plant resulted from the March 2011 nuclear disaster.