Morning Spread

Morning Spread

Wednesday 25th November 2015
IndexLevelChg (%)
UK Market6327.93+0.81
Dow Indust Avg17812.19+0.11
S&P 5002089.14+0.12
Nasdaq Composite5102.81+0.01
Nikkei 22519847.58-0.39
Hang Seng22498.00-0.40
IndexLevelChg (%)
Nymex 1m42.28-1.38
Gold Spot1073.95-0.15
GBP/USD1.5079-0.05
GBP/EUR1.4215+0.42
EUR/USD1.0608-0.37
USD/JPY122.61-0.14

European shares gained this morning after several companies announced new dividends. The ESTX 50 (+1.01%), UK markets (+0.83%), CAC 40 (+1.35%) and the Dax (+1.03%) all posted gains in early trading. Metro gained +5% after it raised its annual dividend more than expected and said it would pay out more of its profits every year from now on, citing the positive effects of restructuring and significantly improved net debt. LafargeHolcim was also buoyed by a dividend announcement after it proposed a dividend that was higher than the one it suggested earlier this year, despite seeing profit miss expectations. Shire fell -1.5% after a source told Reuters that the company is preparing to make a new takeover offer for US biotech firm Baxalta. Thomas Cook Group Plc jumped +10% after full year earnings beat estimates. Deutsche Lufthansa AG added +3.6% and TUI AG climbed +2.2%.

 

US shares closed higher as energy stocks rose along with oil prices after Turkey shot down a Russian warplane near the Syrian border. The Dow Jones Industrial Average (+0.11%), S&P 500 (+0.12%) and the Nasdaq Composite (+0.01%) all increased. The US economy grew at a 2.1% pace in the third quarter, compared with an earlier estimate of 1.5%, but consumer sentiment in November was the weakest since September 2014 ahead of the crucial holiday shopping season. Travel related stocks fell after the US State Department issued a global travel alert for Americans. The Dow Jones Airlines index ended down 2.7%, led by a -5% decline in Allegiant Travel. United Continental, Delta Airlines and Sprint Airlines all fell around -3%. Hewlett-Packard shares fell -3.4% in extended trading after the close when it reported a revenue decline for the fifth straight quarter, its last before it split into two companies.

 

Asian stocks fell, dragged down by Japanese shares as the yen gained after Turkey downed a Russian warplane, fuelling demand for haven assets and curbing the profit outlook for exporters trading in Tokyo. The Nikkei 225 (-0.39%), Hang Seng (-0.40%) and the S&P/ASX 200 (-0.63%) all decreased. Chow Tai Fook Jewellery Group jumped +6% after the company declared a special dividend, boosting its total dividend payout nearly four times from a year ago. Zhongjin Gold Corp advanced +3% and Shandong Gold Mining Co surged +4.2% as bullion held the first increase in three days on rising geopolitical tensions after Turkey said it shot down a Russian fighter jet. Higher oil prices sent airline ANA Holdings Inc down -1.7%, while oil explorer Inpex Corp gained +1.2%.