European stocks declined as investors speculated US lawmakers won’t reach an agreement on the federal budget this week. The ESTX 50 (+0.10%) and the CAC 40 (+0.14%) both advanced, while the UK Markets (-0.11%) and the DAX (-0.22%) both declined. Nokian Renkaat slumped -7.2% after saying that operating profit and net sales will fall this year from 2012, this follows an announcement in August that sales and profit could increase in the full year. Hochtief AG retreated -1% as its Australian unit, Leighton Holdings Ltd, extended losses in Sydney trading. The German construction company is heading for its largest weekly decline since June amid allegations of corruption at Leighton. Home Retail advanced +0.8% as UBS raised its rating on the stock to “buy” from “neutral”, citing a greater like for like sales growth rate as its Argos chain adapts to technological changes. Pirelli and Continental slipped -1% and -0.5% respectively.
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.