Morning Spread

Morning Spread

Tuesday 8th September 2015
IndexLevelChg (%)
UK Market6179.27+1.72
Dow Indust Avg16102.380.00
S&P 5001921.220.00
Nasdaq Composite4683.920.00
Nikkei 22517427.08-2.43
Hang Seng21259.04+3.28
IndexLevelChg (%)
Nymex 1m45.21-1.82
Gold Spot1120.55+0.10
GBP/USD1.538-0.63
GBP/EUR1.3782+0.71
EUR/USD1.1160-0.08
USD/JPY120.13-0.66

European stocks climbed this morning as signs of slowing economic growth in China bolstered speculation that the Federal Reserve will delay raising US interest rates. The ESTX 50 (+1.96%), UK markets (+1.72%), CAC 40 (+1.90%) and the Dax (+2.12%) all increased in early trading. Banks and energy producers were helping lead markets higher. HSBC Holdings Plc, the stock with the biggest weighting in the UK markets, added +2.3%, while Barclays Plc rose +2.1%. Royal Dutch Shell Plc and BP Plc advanced both advanced at least +1.5%. Amlin Plc surged +33% after MS&AD Insurance Group Holdings Inc agreed to buy it. Glencore Plc added +0.8% as JPMorgan Chase & Co raised its rating. RWE AG rose +6.5% after Kepler Cheuvreux raised its recommendation on the company to “hold”.

 

US markets were closed yesterday for Labour Day holiday.

 

Most Asian stocks rose. But stocks in Tokyo fell, with the Nikkei 225 erasing its gains in 2015, after data showing Chinese exports dropped for a second month outweighed a report indicating Japan’s economic slowdown is not as deep as first reported. The Nikkei 225 (-2.43%) dropped, while the Hang Seng (+3.79%) and the S&P/ASX 200 (+1.69%) both advanced. Great Wall Motor Co jumped +16% in Hong Kong after reporting increased sales for August. Samsung Electronics Co gained +1.7% in Seoul after a report that the company is preparing to cut 10% of workers at its headquarters. Nomura Holdings Inc sank -3% after Barclays Plc cut its rating on Japan’s biggest brokerage.