Morning Spread

Morning Spread

Friday 4th April 2014
IndexLevelChg (%)
UK Market6675.18+0.39
Dow Indust Avg16572.55-0.01
S&P 5001888.77-0.11
Nasdaq Composite4237.74-0.91
Nikkei 22515063.77-0.05
Hang Seng22510.08-0.24
IndexLevelChg (%)
Nymex 1m101.00+0.71
Gold Spot1292.60+0.45
GBP/USD1.6584+0.04
GBP/EUR1.2098+0.06
EUR/USD1.3707-0.10
USD/JPY

European stocks advanced before a report that may show the US economy created jobs at a faster pace last month. The ESTX 50 (+0.15%), CAC 40 (+0.18%), DAX (+0.21%) and the UK markets (+0.38%) all posted gains in early trading. Mediaset advanced +2.4% as it started selling a 25% stake in its Ei Towers SpA subsidiary. EasyJet Plc rose +1.1% after saying more passengers took its flights last month. Renault SA gained +1.4% after Les Echos said the company’s labour costs have dropped more than 4% since it reached an agreement on increased working time with staff last year. TNT Express NV lost -1.9% after the CFO resigned from his post. Remy Cointreau rose +6% on speculation that Brown-Forman is mulling a bid for the company.

 

US stocks fell as consumer and technology shares slumped before the government’s monthly jobs report today. The Dow Jones Industrial Average (-0.01%), S&P 500 (-0.11%) and the Nasdaq Composite (-0.91%) all declined. Anadarko Petroleum surged +15% for the biggest gain in the S&P 500 after agreeing to pay $5.15 billion to settle US environmental claims stemming from its acquisition of oil and gas producer Kerr-McGee Corp. Barnes & Noble Inc plunged -14% as investor Liberty Media Corp said it will reduce its stake in the company, dropping a board seat and freeing the company to develop a strategy on its own. Facebook Inc dropped -5.2%. TripAdvisor Inc slid -4.1%. Kellogg Co rallied +6% for its biggest advance in nearly five years. Vertex Pharmaceuticals Inc slid -4.4% and Alexion Pharmaceuticals Inc decreased -2%.

 

Most Asian shares climbed after China outlined economic stimulus plans. The S&P/ASX 200 (+0.24%) advanced, while the Nikkei 225 (-0.05%) and the Hang Seng (-0.24%) both declined. Exporters climbed. Samsung Electronics added +2.4% in Seoul. LG Display Co, which supplies panels for Apple Inc devices, jumped +3.2%. Honda Motor Co, a company that gets about 44% of sales from North America, gained +1% in Tokyo. China’s rail stocks rose after the government said it will sell 150 billion yuan of bonds this year to help build railways mainly in the less developed central and western regions. China Railway Construction surged +7.2% in Hong Kong. China Railway Group Ltd climbed +5.1%. Orix Corp rose +2% in Tokyo after saying it will sell its stake in Monex Group Inc to Shizuoka Bank Ltd.