European stocks were slightly negative this morning as investors awaited economic forecasts from the European Union. The ESTX 50 (-0.26%), UK Markets (-0.12%), CAC 40 (-0.14%) and the DAX (-0.10%) all posted losses in early trading. Beiersdorf AG climbed +4% after raising its full year sales forecast. Novartis
AG increased +1.3% after it was reported that it has identified its animal-health business as a top candidate for a sale. BMW dropped -4.2% after saying quarterly profit at its auto unit fell more than expected, hurt by the cost of new technology and price discounts in core European Markets. Siemens AG lost -0.9% after UBS AG cut its rating on Europe’s largest engineering company. The biggest gainers in the UK this morning were Kazakhmys Plc (+4.03%), Marks & Spencer Group Plc (+3.32%) and Imperial Tobacco Group Plc (+2.94%). While the biggest drags were RSA Insurance Group Plc (-7.36%), Royal Bank of Scotland Group (-3.44%) and Associated British Foods Plc (-3.04%).
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.