Morning Spread

Morning Spread

Wednesday 4th November 2015
IndexLevelChg (%)
UK Market6431.49+0.75
Dow Indust Avg17918.15+0.50
S&P 5002109.79+0.27
Nasdaq Composite5145.13+0.35
Nikkei 22518926.91+1.30
Hang Seng23053.57+2.15
IndexLevelChg (%)
Nymex 1m47.67-0.48
Gold Spot1117.82+0.01
GBP/USD1.5414+0.02
GBP/EUR1.4114+0.32
EUR/USD1.0920-0.35
USD/JPY121.29-0.19

European stocks rose as ECB president Mario Draghi reiterated that officials are ready to act to maintain support of the euro area recovery. The ESTX 50 (+0.78%), UK markets (+0.90%), CAC 40 (+0.92%) and the Dax (+0.28%) all posted gains in early trading. ING Groep NV gained +1.8% after reporting a 14% rise in third quarter profit as margins improved and it reduced provisions for bad loans. Marks & Spencer Group Plc rose +3.4% after reporting first half earnings that beat analyst estimates and raising its profitability forecast. Glencore Plc added +6.32% after selling a share of its future silver output in a deal that includes a $900 million upfront payment. Lonmin Plc fell -1% after saying it may have to cease trading if shareholders block a $770 million refinancing plan that includes a stock sale.

 

US stocks rose as the tech and energy sectors drove indexes higher, with the Nasdaq finishing the session at a record close. The Dow Jones Industrial Average (+0.50%), S&P 500 (+0.27%) and the Nasdaq Composite (+0.35%) all increased. Exxon and Chevron rose +1.8% and 3.3% respectively, making both stocks among the biggest drivers of the Dow and S&P. Apple rose +1.1% and Microsoft increased +1.7%. Activision Blizzard rose +3.6% after saying it would buy “Candy Crush” maker King Digital for $5.9 billion. King soared to +14.9%. Archer Daniels Midland dropped -6.8% after missing profit estimates. Altria fell -4.4% after a rating cut. Sprint fell -7% after reporting lower than expected results.

 

Asian stocks rose as energy producers climbed amid renewed global appetite for riskier assets. The Nikkei 225 (+1.30%), Hang Seng (+2.15%) and the S&P/ASX 200 (+0.06%) all advanced. Inpex Corp added +4% in Tokyo after crude oil futures traded near a three week high. Nissan Motor Co advanced +2.6% after increasing its full year profit forecast. Hong Kong Exchanges & Clearing Ltd jumped +4.7% after China’s central bank unintentionally sparked a surge in the nation’s stock market by publishing five month old comments from governor Zhou Xiaochuan that said a link between exchanges in Shenzhen and Hong Kong would start in 2015.