The FTSE 100 is called to open 27 points lower at 6378
UK Gilt 10 Year Yield 1.5078 Spot Gold $1248.30 - 2.00 Brent Crude $42.83 +1.01
$ per £ 1.4359
$ per € 1.1360
€ per £ 1.2642
$ per € 1.1360
€ per £ 1.2642
The Standard & Poor’s 500 Index rose Tuesday, extending a four-month high as commodity producers rallied in a seesaw session amid mixed results in corporate earnings. Raw-material companies surged to the highest in nine months, while energy shares jumped on crude’s first gain in five days. Johnson & Johnson, Goldman Sachs Group Inc. and UnitedHealth Group Inc. advanced at least 1.5 percent amid better-than-estimated earnings, countering Netflix Inc.’s biggest drop since 2014 and the steepest slide for International Business Machines Corp. since October as results disappointed. Illumina Inc. plunged 23 percent after the gene-sequencing company’s revenue missed predictions. The S&P 500gained 0.3 percent to 2,100.80 at 4 p.m. in New York, closing above the 2,100 mark for the first time since Dec 1. The Dow Jones Industrial Average added 49.44 points, or 0.3 percent, to 18,053.60, extending a nine-month high. The Nasdaq Composite Index slid 0.4 percent under the drag from Netflix and Illumina. About 7.1 billion shares traded hands on U.S. exchanges, 12 percent below the three-month average.
PRESS COMMENTARY
Financial Times: Goldman Sachs’s profits more than halved after across-the-board falls in revenues, bringing down the curtain on a sobering first-quarter earnings season for the big US banks.
Financial Times: Saudi Arabia is raising $10 billion from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.
COMPANY NEWS
Travis Perkins plc- First quarter 2016 trading update - encouraging sales growth in all divisions. Highlights. Total sales growth of 5.0% and 6.2% on a comparable days basis. Like-for-like sales growth of 4.2%. Two-year like-for-like sales growth of 9.5%. Overall trading in line with expectations.
Engineer GKN Wednesday said it performed in line with expectations in the quarter ended March 31, helped by a strong performance from its automotive business.
Moneysupermarket 1Q Rev. Rises 9%; Confident on FY Expectations. Co. says solid start to the year, with 1Q group rev. up 9% y/y to GBP83.7m.
ABB 1Q revenue $7.90b vs est. $7.98b, revenues down 2% on lower short-cycle volumes, timing of order backlog. Says oil prices, forex continuing to hit results. Says financials impacted by currency translation due to appreciation of $.
ASML Holding NV, Europe’s largest semiconductor-equipment maker, forecast sales topping analysts’ estimates as customers are ramping up capacity and investing in new machinery. Second-quarter revenue will be about 1.7 billion euros.
BHP Billiton Ltd., the world’s biggest mining company, cut its iron ore production forecast for its Australian mines by 4 percent because of bad weather and rail network maintenance, adding to bullish signals for the global market.
N. Brown Group PLC (BWNG.LN), a specialist fit fashion retailer, on Wednesday said that trading since the year-end has been subdued as it reported a drop in full-year profit.
GAM Holding AG said net outflows in investment management were 3.1 billion francs ($3.2 billion) in the first quarter as market turbulence prompted investors to avoid risk.
ARM sees FY USD rev. in line with market expectations. 1Q sales GBP276.4m vs est. GBP272.6m. 1Q adj. EPS 8.2p vs est. 8.3p. 1Q adj. pretax profit GBP137.5m vs est. GBP139.4m.
Syngenta 1Q group sales $3.74b, est. $3.72b (5 estimates); 1Q group reported sales -7%, unchanged at constant exchange rates.
SAP SE said it has “high visibility into a strong second quarter” as it seeks to make up for a software- license slump that led to unexpectedly sluggish sales at the outset of the year.
Accor 1Q Total Rev. In Line With Ests., LFL Sales Beat.
Heineken NV, the world’s third-biggest brewer, reported beer shipments that rose more than analysts estimated, led by growth in Asia and the Americas. Beer volume rose 7 percent, the Amsterdam-based company said Wednesday in a statement, compared with the 2.4 percent median estimate of 19 analysts surveyed by Bloomberg. Source Quilter Cheviot
No comments:
Post a Comment