At
0500 BST today, DJIA futures are trading 45.0 points higher.
Nikkei
225 index is trading 0.4% higher at 8,918.9.
At
0500 BST today, FTSE 100 futures are trading 15.50 points higher.
At
0500 BST today, German DAX Xetra 30 futures are trading 27.60 points higher,
while French CAC-40 futures are trading 15.80 points higher.
In
Asia, crude oil for September delivery is trading 0.1% or $0.13 higher at
$93.48 per barrel.
At
0400 BST today, the GBP is trading 0.1% higher against the USD at $1.5678,
marginally lower against the EUR at €1.2660, and 0.1% higher against the JPY at
¥123.05.
US Market
Snapshot
At
0500 BST today, DJIA futures are trading 45.0 points higher.
Yesterday,
DJIA edged up 0.1% to settle at 13,175.6. NASDAQ ticked down 0.2% to close at
3,011.3. S&P 500 inched 0.1% to 1,402.2.
US
markets ended mostly higher yesterday, on upbeat corporate earnings and as
domestic nonfarm productivity rose more than expected in the second-quarter.
However, markets remained cautious on downbeat comments from Federal Reserve
Bank of Dallas President Richard Fisher.
Hewlett-Packard
rallied 2.4%, as it raised its earnings forecast for the third-quarter and
named a new head for its enterprise services unit.
Walt
Disney rose 1.4%, as its third-quarter earnings exceeded market expectations
and as several brokerages raised their price targets on the firm, amid higher
earnings from theme parks.
However,
EZchip Semiconductor plunged 25.0%, as its forecasted revenue for the
third-quarter that missed analyst expectations.
After
the closing bell, News Corp dropped 3.5%, as its fourth-quarter revenue came in
below market expectations, while Monster Beverage slumped 9.7%, as its
second-quarter results missed analysts' expectations.
Asian Market
Snapshot
Asian
markets are trading higher this morning, as data showed China’s inflation eased
in July giving policy makers room to add stimulus and as South Korea’s central
bank held its interest rates steady. Investors also await Bank of Japan’s
decision today.
In
Japan, Dowa Holdings traded higher, as it increased its revenue forecast for
the first half. Transport shares, Mitsui O.S.K. Lines and All Nippon Airways
are trading higher.
In
Hong Kong, SJM Holdings gained value after it reported a sharp rise in
first-half profit. Shimao Property rose despite media reports that China might
introduce new property market control measures this month.
In
South Korea, Hyundai Merchant Marine and Daewoo Shipbuilding & Marine
Engineering traded higher, amid bargain-hunting by investors.
Nikkei
225 index is trading 0.4% higher at 8,918.9. Hang Seng index is trading 0.6% higher
at 20,186.5. Kospi index is trading 1.2% higher at 1,926.4.
UK Market
Snapshot
At
0500 BST today, FTSE 100 futures are trading 15.50 points higher.
Jubilee
Platinum reported its second-quarter revenues of £2.9 million, driven by
smelting operations in Middelburg. The company stated that sale of surplus
power from its 51.0% owned power generation plant to the national electricity
grid would help boost revenues.
Trinity
Mirror stated that insurance group, Aviva, has cut its stake in the company to
10.89%.
European Market
Snapshot
At
0500 BST today, German DAX Xetra 30 futures are trading 27.60 points higher,
while French CAC-40 futures are trading 15.80 points higher.
Deutsche
Telekom has reached an agreement with its work council to cut 1,200 of its
3,100 jobs at the company’s headquarters in Bonn.
Credit
Agricole has received a bid interest from National Bank of Greece and Eurobank
Ergasias for its unprofitable Emporiki Bank unit. Financial terms of the bid
were not disclosed.
Commodities
In
Asia, crude oil for September delivery is trading 0.1% or $0.13 higher at
$93.48 per barrel.
Yesterday,
crude oil for September delivery fell 0.3% or $0.32 to $93.35 per barrel, amid
worries over demand outlook, after the American Petroleum Institute (API)
reported that crude consumption declined 4% to 15.9 million barrels per day
last week and following dismal German industrial production data for June.
However,
declines were limited after the Energy Information Administration reported a
larger-than-expected decline of 3.7 million barrels for crude inventories in
the week ended 3 August.
Gold
for immediate delivery is trading 0.4% higher today, at $1,618.80 per ounce.
Gold
for December delivery settled up 0.2% or $3.20 at $1,616.00 per ounce
yesterday, as disappointing German economic data spurred demand for the
precious metal as a safe haven asset and amid hopes for additional stimulus
measures from the US Federal Reserve and the ECB.
Yesterday,
copper 3-month futures fell 0.5% or $35.0, to close at $7,525.50 /MT. Aluminium
3-month futures dropped 0.3% or $5.0, to close at $1,775.00 /MT.
Currencies
In
Asia, crude oil for September delivery is trading 0.1% or $0.13 higher at
$93.48 per barrel.
Yesterday,
crude oil for September delivery fell 0.3% or $0.32 to $93.35 per barrel, amid
worries over demand outlook, after the American Petroleum Institute (API)
reported that crude consumption declined 4% to 15.9 million barrels per day
last week and following dismal German industrial production data for June.
However,
declines were limited after the Energy Information Administration reported a
larger-than-expected decline of 3.7 million barrels for crude inventories in
the week ended 3 August.
Gold
for immediate delivery is trading 0.4% higher today, at $1,618.80 per ounce.
Gold
for December delivery settled up 0.2% or $3.20 at $1,616.00 per ounce
yesterday, as disappointing German economic data spurred demand for the
precious metal as a safe haven asset and amid hopes for additional stimulus
measures from the US Federal Reserve and the ECB.
Yesterday,
copper 3-month futures fell 0.5% or $35.0, to close at $7,525.50 /MT. Aluminium
3-month futures dropped 0.3% or $5.0, to close at $1,775.00 /MT.
Macroeconomic
Snapshot
The
Bank of England has cut its forecasts for UK annual growth to just over 2.0%
for 2013, down from the previous forecast in May of around 2.5%.
The
non-farm labour productivity in the US rose more-than-expected by 1.6% in the
second quarter of 2012, following a revised 0.5% drop recorded in the preceding
quarter.
According
to Mortgage Bankers Association (MBA), mortgage applications in the US, on a
seasonally adjusted basis, fell 1.8% for the week ended 3 August 2012, from one
week earlier.
On
a seasonally adjusted monthly basis, core machine orders in Japan rose 5.6% in
June, marking its second rise in three months and compared to a 14.8% fall
recorded in May.
On a yearly basis, the
consumer price index (CPI) in China eased to 1.8% in July, compared to a 2.2%
rise recorded in the previous month.
Source: www.etxcapital.com
No comments:
Post a Comment