Morning Spread

Morning Spread

Thursday 1st January 1970
IndexLevelChg (%)
UK Market6661.16+0.62
Dow Indust Avg17515.23+0.02
S&P 5002022.55+0.15
Nasdaq Composite4654.85+0.44
Nikkei 22517280.48-0.49
Hang Seng24352.58+1.68
IndexLevelChg (%)
Nymex 1m46.90+0.93
Gold Spot1299.49+0.32
GBP/USD1.5099+0.35
GBP/EUR1.3054-0.52
EUR/USD1.1567+0.16
USD/JPY117.71+0.84

European stocks were mixed after advancing for four days on optimism that the ECB will step up stimulus measures at its meeting tomorrow. The ESTX 50 (-0.14%), CAC 40 (-0.15%) and the Dax (-0.25%) all declined, while the UK markets (+0.62%) advanced in early trading. ASML Holding NV climbed +4.4% after forecasting first quarter sales that topped analysts’ estimates and announcing a new €1 billion share buyback program. Alstom SA advanced +3.5% after posting an increase in third quarter revenue. Pearson Plc added +2.8% after annual earnings exceeded some analysts’ projections. Dixons Carphone plc rose +1.7% after forecasting full year profit ahead of analyst estimates. Sports Direct International Plc fell -4.3% after Mike Ashley sold a stake. JD Wetherspoon Plc dropped -3.5% after saying profitability will decline.

 

US stocks rose as gains from technology companies helped offset concerns that global growth is slowing. The Dow Jones Industrial Average (+0.02%), S&P 500 (+0.15%) and the Nasdaq Composite (+0.44%) all advanced. Yahoo! Inc, Micron Technology Inc and Apple each gained more than +2.3% to lead technology shares higher. Netflix surged +13% in late trading after adding more subscribers than analysts forecast. Delta Air lines Inc climbed +7.3% after earnings beat projections. Johnson & Johnson tumbled -2.6% after forecasting lower earnings in 2015 as competition cuts into revenue for some of its best selling treatments. Morgan Stanley lost -0.4% after reporting profit that missed analysts’ estimates as fixed income trading revenue fell to the lowest since the financial crisis.

 

Asian stocks advanced as technology and financial shares climbed ahead of a European Central Bank meeting. The S&P/ASX 200 (+1.61%) and the Hang Seng (+1.68%) both advanced, while the Nikkei 225 (-0.49%) declined. Citic Securities Co surged +6% in Hong Kong, pacing gains among Chinese brokerages. Air China Ltd jumped +7.4% after UBS AG called the stock its top pick among mainland airlines. Konami Corp climbed +6.8% in Tokyo after Goldman Sachs Group Inc raised its rating on the company. Newcrest Mining Ltd increased +4.1% as the price of gold rose to a five month high.