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%.
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.