Morning Spread

Morning Spread

Monday 9th February 2015
IndexLevelChg (%)
UK Market6793.79-0.87
Dow Indust Avg17824.29-0.34
S&P 5002055.47-0.34
Nasdaq Composite4744.40-0.43
Nikkei 22517711.93+0.36
Hang Seng24521.00-0.64
IndexLevelChg (%)
Nymex 1m51.86+0.33
Gold Spot1241.05+0.58
GBP/USD1.5236+0.05
GBP/EUR1.3427-0.34
EUR/USD1.1347+0.28
USD/JPY118.66+0.39

European shares fell in early trading, tracking losses on Wall Street and in Asia, with disappointing Chinese trade data further raising concerns over the pace of economic growth in China. The ESTX 50 (-1.88%), UK markets (-0.94%), CAC 40 (-1.59%) and the Dax (-2.01%) all posted losses this morning. UBS Group AG lost -1% after it was reported that US Justice Department is looking into whether the bank misled clients in the marketing and selling of some foreign exchange structured products. HSBC Holdings Plc fell -0.9% after a report by the International Consortium of Investigative Journalist showed its private banking unit made profits for years handling secret accounts for criminals. BNP Paribas SA declined -2.4% after JPMorgan Chase & Co lowered the stock to “sell”.

 

US stocks fell on Friday as better than expected US employment report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece’s debt negotiations  added to the bearish tone. The Dow Jones Industrial Average (-0.34%), S&P 500 (-0.34%) and the Nasdaq Composite (-0.43%) all retreated. Simon Properties sank -4% on concern over interest rates. Twitter jumped +16.4% after announcing an earnings report that beat Wall Street’s profit and revenue targets in the fourth quarter. LinkedIn surged +11% after reporting higher than expected jump in quarterly revenue as more businesses used its services to assess candidates for employment. GoPro Inc tumbled -12% after it forecast a current quarter profit that could miss Wall Street expectations and said its COF was resigning.

 

Most Asian stocks declined as China trade figures showed signs of weakness in the region’s biggest economy. While Japanese equities rallied on a weaker yen after US payrolls topped estimates. The Nikkei 225 (+0.36%) advanced, while the Hang Seng (-0.64%) and the S&P/ASX 200 (-0.09%) both retreated. BHP Billiton Ltd lost -1% in Sydney as materials and energy shares retreated. Olympus Corp fell -3% in Tokyo after profit missed estimates and after saying a US investigation into its medical business could hurt earnings. Honda Motor Co, which gets 84% of sales overseas, rose +1% as a slump in the yen boosted Japan’s exporters. Nissan Motor Co rose +1.4%. Nippon Telegraph & Telephone Corp jumped +4.9% after reporting better than expected earnings. Sunac China Holdings Ltd rose +4.8% after it offered to buy out Kaisa Group Holdings Ltd.