Morning Spread

Morning Spread

Friday 29th November 2013
IndexLevelChg (%)
UK Market6668.38+0.21
Dow Indust Avg16097.33+0.15
S&P 5001807.23+0.25
Nasdaq Composite4044.75+0.67
Nikkei 22515661.87-0.41
Hang Seng23881.29+0.39
IndexLevelChg (%)
Nymex 1m92.54+0.26
Gold Spot1247.31+0.26
GBP/USD1.6325+0.05
GBP/EUR1.1989-0.21
EUR/USD1.3615+0.14
USD/JPY

European stocks were little changed as investors awaited a report on unemployment in the euro area. The ESTX 50 (+0.02%), UK Equities (+0.21%), CAC 40 (+0.03%) and the DAX (+0.02%) all posted small gains in early trading. Banca Monte dei Paschi di Siena SpA added +1.8% after setting out a plan to return to profit after cutting costs and raising capital as part of its restructuring plan. Speedy Hire plc slumped -16% after saying it had found accounting irregularities within its international business, which mostly operates in the Middle East. C.A.T Oil AG jumped +5.9% after saying third quarter net income almost doubled to €17 million. Experian lost -2.2% after Goldman Sachs Group Inc recommended selling the credit reference company’s shares. Antofagasta Plc and Fresnillo Plc both rose more than +1% as copper, nickel and zinc climbed.

 

Asian stocks declined as GrainCorp Ltd plunged by a record after the Australian government rejected a takeover bid by a US rival. The Nikkei 225 (-0.41%) and the S&P/ASX 200 (-0.27%) both retreated, while the Hang Seng (+0.39%) was up. GrainCorp plummeted -22% after the government rejected Archer-Daniels-Midland Co’s planned $2 billion takeover of the company, saying it was not in the national interest. Panasonic Corp lost -2.1% as the Nikkei 225 fell from a six year high. Ryoto Electro Corp surged +9.4% in Tokyo after saying profit rose. Inpex slid -1.2% and Japan Drilling Co dipped -0.6% as West Texas Intermediate crude headed for a third monthly decline, the longest losing streak in almost five years. Mitsui O.S.K added +1.1%, Kawasaki Kisen Kaisha Ltd gained +1.7% and NS United Kaiun Kaisha Ltd jumped +5.8% after the Baltic Dry Index surged +9.3%. Citic Securities Co gained +0.31% after Citigroup Inc said the policies outlined by China’s leaders improve the outlook for brokers in the long term.   

 

US Markets were closed yesterday for Thanksgiving Holiday.