Morning Spread

Morning Spread

Friday 5th August 2016
IndexLevelChg (%)
UK Market6769.50+0.44
Dow Indust Avg18352.05-0.02
S&P 5002164.25+0.02
Nasdaq Composite5166.25+0.13
Nikkei 22516254.450.00
Hang Seng22160.54+1.50
IndexLevelChg (%)
Nymex 1m41.72-0.50
Gold Spot1362.51+0.10
GBP/USD1.3144-0.20
GBP/EUR1.1797+0.16
EUR/USD1.1141+0.03
USD/JPY101.130.00

European shares advanced amid growing investor confidence that central banks will keep monetary policy loose, with some better than expected earnings also supporting sentiment. The ESTX 50 (+0.52%), CAC 40 (+0.89%), Dax (+0.31%) and the UK markets (+0.57%) all posted gains in early trading. Evonik Industries AG rose +3.4% after reporting a smaller than projected drop in quarterly earnings. LafargeHolcim Ltd jumped +5.1% as second quarter earnings improved more than analysts had expected and the company pledged to sell more assets. Allianz slipped -2.8% after saying second quarter profit fell by almost half, missing analysts’ estimates, amid higher claims arising from natural disasters and charges for the sale of its South Korea unit.

US stocks finished the session little changed as investors kept to the sidelines ahead of today’s US payrolls report for July. The Dow Jones Industrial Average (-0.02%) and the S&P 500 (+0.02%) were flat, while the Nasdaq Composite (+0.13%) advanced. MetLife dropped nearly -9% and wad the biggest drag on the S&P 500 after the largest US life insurer’s quarterly profit missed estimates. Ball Corp jumped +12% after its quarterly sales, and was the top percentage gainer on the S&P 500. Priceline.com shares jumped +4.4% in extended trading after the online travel services company posted second quarter earnings.

Most Asian stocks rose after the Bank of England launched a larger than expected post-Brexit stimulus package that saw the pound drop. The S&P/ASX 200 (+0.39%) and the Hang Seng (+1.44%) both advanced, while the Nikkei 225 (0.00%) was flat. Gree Inc sank -8.5% after forecasting a 77% drop in operating profit for the current quarter. Toyobo Co posted the biggest decline on the Nikkei 225, falling -12% after reporting a 7.5% decline in sales. Toyota Motor Corp jumped +3% after its first quarter profit beat analyst estimates.