European stocks advanced as investors awaited reports on US jobs and factory orders. The ESTX 50 (+0.11%), and the Dax (+0.26%) gained, while the CAC 40 (-0.02%) and UK markets were little changed. Royal Vopak NV added +1.5% after saying it will divest about 15 terminals in a plan to boost free cash flow. Chr Hansen Holding A/S increased +3% after posting third quarter profit that beat analysts’ predictions. Orange SA dropped -3.2% after saying it cannot participate in a consolidation of the French telecommunications market. BMW AG climbed +1.4% after it was reported that the company will invest about $1 billion in a new factory in San Luis Potosi, Mexico. Carillion Plc added +1.7% after saying first half profitability improved. Mothercare Plc jumped +9.8% after rejecting two merger bids from Destination Maternity Corp.
US stocks rose as gauges of factory output in major economies signalled expansion. The Dow Jones Industrial Average (+0.77%), S&P 500 (+0.67%) and the Nasdaq composite (+1.14%) all advanced. Netflix gained +7.4% after Goldman Sachs Group Inc boosted its recommendation on the company to “buy” from “neutral”, citing the potential for global subscription growth. Twitter Inc rose +2.6% after naming former Goldman Sachs banker Anthony Noto its new chief financial officer. GoPro Inc jumped +20% amid optimism that revenue tied to users’ shared videos will fuel profit growth. GM rose +3.6% after reporting a gaine of 1% in sales, beating the average analyst estimate for a 6.3% decline. International Business Machines Corp climbed +2.8% leading a rally among technology stocks.
Asian stocks rose after reports showing manufacturing expansion in the world’s two biggest economies sent US equity gauges to records. The Nikkei 225 (+0.29%), Hang Seng (+1.55%) and the S&P/ASX 200 (+1.48%) all rallied. Galaxy Entertainment rose +4.8% after Merrill Lynch said Macau will return to gross gaming revenue growth in the second half, with a 2% gain in July expected from a year earlier. Revenue dropped in June for the first time since 2009 amid competition from the World Cup for gamblers cash. Sands China Ltd gained +3%. Ryohin Keikaku jumped +4.5% after reporting revenue for the quarter through May surged 21% from a year earlier. Sumco Corp fell -3.9% after its rating was cut to “reduce” from “neutral” at Nomura Holdings Inc.
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.