A daily snapshot of the UK and US financial markets from Tradefair:
UK Market Snapshot, 6 Aug 2010
UK markets are trading higher, as
financials and miners recorded
gains. FTSE 100 is trading 0.4%
higher, at 5,388.1. FTSE 250 is up
0.3%, at 10,192.6.
Old Mutual has risen 3.5%, after
reporting rise in its first-half net
attributable profit.
RSA Insurance and BAE Systems
have risen 2.2% and 0.5%,
respectively, after separate brokers
raised their target prices on the
stocks.
RBS is up 2.3%, after rise in its
second-quarter net profit.
Rio Tinto, Antofagasta and BHP
Billiton have risen between 1.5%
and 2.0%.
Unilever and Barclays have eased
2.4% and 0.2%, respectively, after
separate brokers downgraded the
stocks.
US Market Snapshot, 6 Aug 2010
US markets closed lower yesterday,
after an unexpected rise in the initial
jobless claims, raised concerns over
the pace of economic recovery. DJIA
lost 0.1% to 10,675.0. NASDAQ fell
0.5% to 2,293.1. S&P 500 index
closed 0.1% lower, at 1,125.8.
JC Penney, Ross Stores,
Aeropostale and Big Lots tumbled in
the range of 4.3% to 7.7%, after their
July same-store sales trailed
estimates.
Monster Worldwide lost 1.9%, after
US initial jobless claims for
unemployment unexpectedly rose by
19,000 to 479,000 last week.
Molina Healthcare plunged 10.7%,
after it posted lower-than-expected
revenue in quarterly results and
proposed to offer 4 million shares.
Hartford Financial Services Group
fell 4.9%, after reducing its earnings
estimate for 2010.
European Market Snapshot, 6 Aug 2010
European markets are trading higher
buoyed by upbeat corporate earnings.
DAX Xetra 30 is up 0.3%, at 6,350.4.
CAC-40 is up 0.4%, at 3,779.9.
Credit Agricole, Societe Generale
and Commerzbank have gained
between 1.7% and 2.9%.
Lanxess is up 1.8%, after rise in its
second-quarter net profits. BASF,
Bayer and K+S are also trading
higher.
Air France climbed 0.4%, after its
passenger traffic rose 1.2% in July.
Cap Gemini , Technip and
STMicroelectronics have climbed
between 1.1% and 1.2%.
Beiersdorf is down 2.7%, after a
broker downgraded the stock to
‘Underperform’ from ‘Hold’.
Dexia is down 4.0%, after decline in its
second quarter profits.
The above comments do not constitute investment advice and neither Tradefair Spreads nor Clean Financial accept any responsibility for any use that may be made of them. The information provided above is completely independent from the Tradefair Spreads trading platform. Please remember that it is for information purposes only and nothing provided is to be construed as advice, or is intended as an offer or solicitation for the purchase or sale of any financial instrument.
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Article provided / approved by Tradefair Spreads which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.
Tradefair® is part of the Betfair Group.
'UK Markets / US Markets' edited by DB, updated 06-Aug-10
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