Morning Spread

Morning Spread

Monday 23rd December 2013
IndexLevelChg (%)
UK Market6632.11+0.39
Dow Indust Avg16221.14+0.26
S&P 5001818.32+0.48
Nasdaq Composite4104.74+1.15
Nikkei 22515870.42+0.07
Hang Seng22921.56+0.48
IndexLevelChg (%)
Nymex 1m99.02-0.30
Gold Spot1203.52+0.02
GBP/USD1.6369-0.08
GBP/EUR1.1968+0.09
EUR/USD1.3678-0.01
USD/JPY

European stocks advanced after the IMF said it raising its growth outlook for the US economy. The ESTX 50 (+0.04%), UK Markets (+0.41%), CAC 40 (+0.02%) and the DAX (+0.36%) all posted gains in early trading. Lanxess AG rose +2.2% after the company’s CEO said the company will reach its full year forecast for earnings. Swatch Group AG increased +0.8% after the company won an arbitration award of 402 million Swiss francs from Tiffany & Co. ARM Holdings Plc increased +2.6% as Apple struck a deal to sell the iPhone through China Mobile Ltd. Dialog Semiconductor Plc rose +2% and Imagination Technologies Group Plc jumped +5.2%.  Carnival Plc (+2.39%), Mondi Plc (+1.72%) and Royal Mail Plc (-1.44%) were notable movers in the UK this morning.

 

US stocks rose as data showing faster than estimated growth boosted confidence in the world’s largest economy. The Dow Jones Industrial Average (+0.26%), S&P 500 (+0.48%) and the NASDAQ Composite (+1.15%) all advanced. Red Hat Inc surged +14% after raising its full year profit and sales forecasts. Responsys Inc jumped +40% as Oracle Corp agreed to buy company for $1.5 billion in cash. BlackBerry Ltd surged +16% after striking a five year deal with Foxconn Group to manufacture its devices, following another quarterly plunge in sales and mounting losses. The deal lets BlackBerry offload more of the costs of its unprofitable manufacturing operations, helping it focus on corporate software and services. Fastenal Co slumped -5% after saying it expects to miss analysts’ estimates for Q4 earnings because of slower than expected sales growth.

 

 

Asian stocks rose after data showed faster than estimated economic growth in the US and the IMF said its raising its outlook for the world’s largest economy. The Nikkei 225 (+0.07%), Hang Seng (+0.48%) and the S&P/ASX 200 (+0.51%) all gained. Hyundai Merchant Marine Co surged +15% in Seoul after Hyundai Group said it plans to sell assets including financial units and its hotel business for at least 3.3 trillion won. Echo Entertainment Group Ltd advanced +6.1% in Sydney after a managing director of its Star casino resigned. China Mobile Ltd added +0.8% in Hong Kong after striking a deal with Apple Inc to sell the iPhone in the world’s largest wireless market. Newcrest Mining Ltd fell -2.1% in Sydney after reporting that shareholder class action proceedings may be initiated about the gold producer’s disclosure practices.