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.
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.