Morning Spread

Morning Spread

Thursday 2nd October 2014
IndexLevelChg (%)
UK Market6529.22-0.43
Dow Indust Avg16804.71-1.40
S&P 5001946.16-1.32
Nasdaq Composite4422.09-1.59
Nikkei 22515661.99-2.61
Hang Seng22932.98-1.28
IndexLevelChg (%)
Nymex 1m89.69-1.15
Gold Spot1214.84+0.08
GBP/USD1.6162+0.16
GBP/EUR1.2797-0.32
EUR/USD1.2629+0.16
USD/JPY108.57+0.66

European stocks fell on concern the European Central Bank’s asset buying programme will disappoint. The ESTX 50 (-0.68%), UK markets (-0.53%), CAC 40 (-0.57%) and the Dax (-0.53%) all posted losses in early trading. Seadrill Ltd slid -5% as West Texas Intermediate crude fell below $90 for the first time in 17 months. Rocket Internet lost -3.6% after completing the biggest initial public offering in Germany since 2007. It priced the sale at the top end of its range. Zalando SE dropped -7.2% on its second day of trading. Societe Television Franchise 1 climbed +2.5% after UBS AG recommended buying the shares.

 

US stocks tumbled as the first diagnosis of Ebola in a patient in United States concerned investors and economic data pointed to uneven growth. The Dow Jones Industrial Average (-1.40%), S&P 500 (-1.32%) and the Nasdaq Composite (-1.59%) all retreated. The Ebola news pressured shares of airlines with South Airlines falling -3.6% and Delta Air Lines dropping -3.5%. While pharmaceutical companies with Ebola treatments in the pipeline rose sharply. Tekmira Pharmaceuticals climbed +18.2%. The biggest gainer on the NYSE was China Green Agriculture, which rose +13.64%. While the biggest drag on the index was Centrus Energy which fell -25.27%. Other notable moves were Petrobras, which was down -6.27%, and Ford Motor which dropped -1.35%. Facebook, which was the most actively traded stock, was down -3.1%.

 

Asian stocks fell after US equities slumped on concern over the end of the Federal Reserve’s stimulatory bond buying program. The Nikkei 225 (-2.61%), Hang Seng (-1.28%) and the S&P/ASX 200 (-0.68%) all declined. Honda Motor Co and Panasonic Corp each fell at least -3.7% to pace losses among Japanese exporters. OCI Co tumbled -5.5% in Seoul, tracking losses among the world’s biggest solar manufacturers amid concern Japanese demand for renewable energy will weaken. Wotif.com Holdings Ltd jumped +6.5% in Sydney after regulators said they would allow Expedia Inc’s bid for the company.