UK markets are trading higher,
ahead of interest-rate decisions from the
UK and Eurozone’s central banks.
FTSE 100 is trading 0.3% higher, at
5,399.4. FTSE 250 is up 0.4%, at
10,161.8.
Barclays is down 2.9%, despite rise
in first half pre-tax profits. Lloyds is
up gained 2.9%, after a broker
upgraded the stock to ‘Hold’ from
‘Sell’.
Aviva has gained 5.7%, after
reporting rise in its half-year profit.
Cobham is down 4.8%, after its pretax
profits fell in the half year to June
30. Rio Tinto is up 1.0%, after
reporting a 125% jump in half year
earnings.
Randgold Resources, Lonmin and
Fresnillo are trading lower between
0.2% and 4.2%.
Serco Group is down 0.4%, after a
broker reduced its target price on the
stocks.
US Market Snapshot, 5 Aug 2010
US markets ended in the positive
territory yesterday, following release of
better-than-expected economic data
and robust corporate earnings.
DJIA
climbed 0.4% to 10,680.4. NASDAQ
gained 0.9% to 2,303.6. S&P 500
index closed 0.6% higher, at 1,127.2.
Priceline, was up 22.0%, after
reporting a 72.0% jump in its second
quarter net income and raised its
earnings forecast for the third quarter.
Peers, Expedia and Amazon climbed
6.4% and 4.2%, respectively.
Barnes & Noble rallied 19.2%, after
putting itself up for acquisition.
Electronic Arts surged 7.4%, after it
posted an unexpected first-quarter
profit of $96.0 million.
Motorola jumped 5.8%, after activist
investor, Carl Icahn, increased his
stake to 9.99% from 8.75% in May.
Caterpillar, 3M and General
Electric added 1.1%, 0.9% and 0.5%,
respectively.
European Market Snapshot, 5 Aug 2010
European markets turned back from
early losses to trade mostly higher,
with gains in the auto-makers
offsetting losses in telecom and
consumer related stocks. DAX Xetra
30 is up 0.2%, at 6,341.1. CAC-40 is
up 0.6%, at 3,781.4.
Officials from the EU and IMF stated
today morning that the Greek
economic program has "made a strong
start," after they completed their first
review of the program.
Bayer has advanced 2.9%, after
positive updates for its Xarelto drug.
Deutsche Telekom has eased 0.7%,
after its second-quarter net profit fell to
€475 million.
Beiersdorf has fallen 3.3%, despite its
second-quarter net profit rise to €126
million. KBC is up 3.9%, despite its
second-quarter net profit fell 51%.
Michelin, Peugeot and BMW have
added between 0.8% and 1.7%.
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.
UK markets are trading lower today
morning, as retailers, miners and
realty stocks recorded losses. FTSE
100 is trading 1.3% lower, at 5,329.0.
FTSE 250 is down 0.8%, at 10,052.7.
Next, down 7.2%, led retailers
lower after reporting a weaker-than-anticipated
rise in its first half
comparable retail sales.
Standard Chartered is down 4.9%,
despite its pre-tax profit improving in
the first half of 2010, while Lloyds
has added 1.4%, after reporting rise
in its first-half pretax profit.
British Land has slipped 3.3%,
leading realty stocks lower, after
reporting slow growth in first quarter
net asset value, amid fears that
banks could throttle a property
market revival with tough lending
restrictions.
Severn Trent has eased 1.0%, after
a broker reduced its target price on
the stock.
Antofagasta, Kazakhmys and
Xstrata are trading lower.
US Market Snapshot, 4 Aug 2010
US markets closed lower yesterday,
following release of lower-than-expected
economic data and
disappointing corporate earnings.
DJIA
eased 0.4% to 10,636.4. NASDAQ fell
0.5% to 2,283.5. S&P 500 index
closed 0.5% lower, at 1,120.5.
Baker Hughes plunged 13.0%, after
reporting lower-than-expected second
quarter earnings
Procter & Gamble and Dow
Chemical, fell 3.4% and 10.0%
respectively, after the former reported
a 12% decline in its fiscal fourth quarter
net income, while the latter’s
second-quarter earnings missed
market expectations.
Pulte Group, DR Horton and Home Depot slid 6.1%, 5.8% and 2.3%,
respectively, after pending home sales
index fell by 2.6% (MoM) in June.
Pfizer Inc. jumped 5.6%, after its
second quarter earnings surpassed
market forecasts.
European Market Snapshot, 4 Aug 2010
European markets are trading lower
this morning, taking cues from
overnight losses on the Wall Street.
DAX Xetra 30 is down 0.7%, at
6,264.9. CAC-40 is down 0.7%, at
3,721.3.
AXA has declined 1.7%, after its first half
net profit dropped 29% to €944
million.
EDF has jumped 4.0%, after
authorities in France stated that power
rates would rise 3% for households
and 4% to 5.5% for companies from
August 15.
Suez Environnement is
steady, after having more than doubled
first-half profit and raising full-year
financial targets.
Societe Generale has advanced
1.1%, after its second-quarter net profit
more than tripled to €1.08 billion.
Adidas has eased 2.3%, despite its
second-quarter net profit soaring to
€126 million.
Automakers and industrials are
trading lower.
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.
UK markets are trading lower, as
banks and commodity stocks
retreated after recording sharp gains
in the previous session.
FTSE 100 is
trading 0.5% lower, at 5,369.1. FTSE
250 is down 0.4%, at 10,125.9.
BHP Billiton, Kazakhmys and
Anglo American have declined
between 0.7% and 1.1%, while oil
producers, Tullow Oil, AMEC and
BP are also trading lower, as
commodity prices fell back slightly.
Barclays, HSBC and Lloyds Group
have eased between 1.1% and
2.0%.
Next is down 1.1%, after a broker
reduced its target price on the
stocks.
Investec has fallen 6.3%, after it
stated that it intends to place up to
22 million new shares.
Centrica has gained 1.3%, after a
broker raised its target price on the
stocks.
US Market Snapshot, 3 Aug 2010
US markets closed higher yesterday,
as positive industrial activity in the US
and strong performance from
European banks boosted investor
confidence.
DJIA added 2.0% to
10,674.4. NASDAQ rose 1.8% to
2,295.3. S&P 500 index closed 2.2%
higher, at 1,125.9.
Citigroup, Bank of America and
JPMorgan Chase, gained between
2.2% and 3.4%, after their European
peers, HSBC and BNP Paribas,
posted upbeat results.
Anadarko Petroleum, Chevron,
Exxon Mobil and National Oilwell
Varco, added between 2.1% and
8.4%, as crude oil prices increased.
Office Depot rallied 10.4%, to end the
session as the biggest gainer on the
index.
Allergan and Humana surged 6.0%
and 3.6%, respectively, after both
posted upbeat second-quarter results.
European Market Snapshot, 3 Aug 2010
European markets are trading lower,
as media, industrial and consumer
oriented stocks recorded losses.
DAX Xetra 30 is marginally down at
6,290.6. CAC-40 is down 0.3%, at
3,739.2.
Vivendi and Lagardere are down
1.9% and 0.4%, respectively.
Deutsche Post and BMW have risen
3.5% and 4.6%, respectively, after rise
in their second-quarter net profit.
Adidas and Beiersdorf have both
eased 1.1%.
Vallourec, Bouygues and Alstom
are trading lower between 0.5% and
1.4%.
Renault, Michelin and Peugeot have
gained between 1.3% and 2.7%.
Fresenius Medical Care is down
0.2%, despite rise in its first-half
attributable net profit.
ArcelorMittal and Total are trading
0.1% and 0.8%, lower, respectively.
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.
UK markets are trading higher on the
first trading day of August, with
financial and mining sector stocks
recording gains. FTSE 100 is trading
1.9% higher, at 5,358.8. FTSE 250 is
up 1.7%, at 10,117.6.
HSBC is up 3.8%, after its first-half
net profit more than doubled to $6.76
billion. RBS, Lloyds Group and
Barclays are also trading higher.
Aviva, Old Mutual and Standard Life
have risen between 2.0% and 2.7%,
after a broker upgraded the
insurance sector.
Kazakhmys, Antofagasta and
Xstrata are trading higher between
3.2% and 4.1%.
Intertek and Hammerson have
advanced 6 .1% an d 2.9%,
respectively, after both reported a
rise in their half year profits.
Realty sector stocks are trading
higher, while utility stocks are
trading lower.
US Market Snapshot, 2 Aug 2010
Markets in the US closed mixed on
Friday, as a lower-than-expected GDP
growth rate was offset by better-than-expected
readings on Chicago-area
business activity and consumer
sentiment for July. DJIA fell marginally
to 10,465.9. NASDAQ rose 0.1% to
2,254.7. S&P 500 index closed
marginally up, at 1,101.6.
Insurers, Aon and MetLife, rose 2.8%
and 4.6% respectively, after posting
better-than-expected second quarter
results.
McAfee rallied 9.4%, after it posted
better-than-expected second quarter
profit and also stated that it would
acquire Tencube.
Chevron edged up 0.3%, after the
company reported upbeat Q2 FY2010
profit.
MEMC Electronic tumbled 15.1%,
after it posted earnings and revenue
that disappointed investors.
European Market Snapshot, 2 Aug 2010
European markets are trading higher,
with BNP Paribas leading banks
higher, after its results beat forecasts.
DAX Xetra 30 is up 1.6%, at 6,247.5.
CAC-40 is up 2.0%, at 3,714.9.
BNP Paribas has gained 3.9%, after
reporting a 31% jump in its second quarter
profit. Societe Generale,
Credit Agricole and Dexia have
added between 2.9% and 3.7%.
Linde has advanced 3.4%, after rise in
its first-half net income.
SAP has risen 0.9%, after it stated that
growth would pick up speed in the next
five years.
Daimler and Renault are trading
lower, after a broker downgraded the
European automotive sector.
Metro has eased 1.2%, after its
second quarter net profit declined to
€44 million.
ArcelorMittal and Total are up 3.6%
and 2.3%, respectively.
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.
Risk Warning:
Spread bets carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Before you open an account, please ensure that spread betting matches your investment objectives, familiarise yourself with the risks involved and if necessary seek independent advice.
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 Snapshot' edited by DB, updated 05-Aug-10
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