Morning Spread

Morning Spread

Friday 27th December 2013
IndexLevelChg (%)
UK Market6729.56+0.53
Dow Indust Avg16479.88+0.75
S&P 5001842.02+0.47
Nasdaq Composite4167.18+0.28
Nikkei 22516178.94+0.03
Hang Seng23243.24+0.27
IndexLevelChg (%)
Nymex 1m99.52-0.03
Gold Spot1212.56+0.16
GBP/USD1.6486-0.45
GBP/EUR1.1953-0.30
EUR/USD1.3791+0.74
USD/JPY

European stocks rose after US jobless claims dropped more than forecast and as markets reopen after the Christmas holiday. The ESTX 50 (+0.59%), UK Markets (+0.48%), CAC 40 (+0.49%) and the DAX (+0.71%) all posted gains in early trading. Debenhams Plc added +1.5% after The Times reported the company may replace its chief financial officer. Electrawinds SE jumped +7.7% after the company and its Electrawinds NV unit received court protection for three months to negotiate a reorganisation with creditors. Lafarge advanced +1.62% after saying it would sell its remaining 20% stake in its former European and South American gypsum operations to Etex for €145 million. Barclays Plc advanced +1.47% after being fined $3.75 million by a US regulator over its alleged decade long failure to properly keep electronic records, emails and instant messages.

 

US stocks climbed as a drop in jobless claims fuelled optimism in the economy. The Dow Jones Industrial Average (+0.75%), S&P 500 (+0.47%) and the NASDAQ Composite (+0.28%) all advanced. Tesla Inc gained +2.7% on a report that the company will focus on opening more showrooms in China next year. EBay Inc fell -2% as data showed a slowdown in sales. Twitter Inc jumped +4.8% amid optimism that the company has room to expand sales in digital advertising. Exxon Mobil Corp rallied +1.7% for the biggest increase in the Dow. Boeing advanced +1.1% and United Technologies Corp rose +1.1%.

 

Asian stocks rose after US jobless claims fell more than forecast. The Nikkei 225 (+0.03%) and the  Hang Seng (+0.27%) both rose, while the S&P/ASX 200 (-0.06%) declined. Mazda Motor Corp, a company that gets 30% of its revenue in North America, climbed +1.9%. Yue Yuen Industrial (Holdings) Ltd, a company that gets about 29% of sales from the US, rose +1%. Fraser & Neave Ltd gained +2.7% in Singapore after the developer announced a cash distribution to shareholders. Takeda Pharmaceutical Co slumped -5.2% in Tokyo after saying it ended development of a diabetes drug on safety concerns.