Morning Spread

Morning Spread

Monday 3rd August 2015
IndexLevelChg (%)
UK Market6679.88-0.24
Dow Indust Avg17689.86-0.32
S&P 5002103.84-0.23
Nasdaq Composite5128.28-0.01
Nikkei 22520548.11-0.18
Hang Seng24411.42-0.91
IndexLevelChg (%)
Nymex 1m46.44-1.44
Gold Spot1093.53-0.21
GBP/USD1.5626-0.02
GBP/EUR1.4247+0.16
EUR/USD1.0968-0.15
USD/JPY124.14-0.20

European stocks erased early gains despite several companies reporting improved improving earnings. The ESTX 50 (-0.10%), CAC 40 (-0.25%), Dax (-0.26%) and the UK markets (-0.11%) all posted losses in early trading. Heineken NV added +2.6% after first half sales exceeded projections. HSBC Holdings Plc rose +1.6% after posting a profit increase and said it will sell its Brazilian unit. Commerzbank AG climbed +2.7% after its quarterly net income more than doubled beating estimates. Delta Lloyd NV climbed +1.6% after saying its CFO stepped down.  

 

US stocks declined on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the US Federal Reserve could delay an interest rate hike this year. The Dow Jones Industrial Average (-0.32%), S&P 500 (-0.23%) and the Nasdaq Composite (-0.01%) all retreated. With more than half of the S&P 500 companies having reported their second quarter results, analysts expect overall earnings to edge up to 0.9% and revenue to declined 3.3%, according to Thomson Reuters data. Exxon and Chevron both fell -4% after they announced results. Coca-Cola Enterprises jumped +12.41% after a Wall Street Journal report said the independent Coca-Cola bottling company is in merger talks with two European bottlers.  

 

Asian stocks fell as data showed a Chinese factory gauge slipped to a five month low and energy shares retreated amid a drop in oil. The Nikkei 225 (-0.18%), Hang Seng (-1.25%) and the S&P/ASX 200 (-0.35%) all decreased. Nippon Sheet Glass Co tumbled -8.6% on earnings that SMBC Nikko Securities Inc called slightly negative. Toyota Tsusho Corp dropped -5.8% after the trading company reported a drop in profit. Suzuki Motor Corp gained +3.4% after the hedge fund of activist investor Daniel Loeb said it took a stake in the company. Honda Motor Co jumped +8.8% after reporting profit that beat estimates.