Forex, CFD, markets

Financial news of the markets

03 Aug 2006 open
Forex, CFD, markets
HomeRussian Forex
2006 year
Markets news open 26.07Markets news close 26.07Markets news open 03.08Markets news open 04.08Markets news close 04.08Markets news open 07.08

London market
London shares fall back in early deals with Unilever, ICI off after figs

  • Leading shares fell back in early deals, with post-results losses in Unilever and ICI, a weak oil sector and caution ahead of the BoE's rate decision at midday all knocking sentiment, dealers said.
  • By 09.10, the FTSE 100 index was down 24.8 points at 5,906.3, while the broader indices were also under pressure.
  • US stocks closed higher on Wall Street last night as investors put their interest rate worries on hold and welcomed strong earnings reports from Time Warner and Procter & Gamble .
  • The DJIA ended 74.20 points higher at 11,199.93, while the Nasdaq finished 16.82 points up at 2,078.81.
  • Overnight across Asia, the Nikkei 225 index closed up 6.08 points at 15,470.35, while the Hang Seng was up 2.24 points at 17,034.99 at midday.
  • Oil prices eased slightly in Asian trade, falling back after yesterday's sharp gains, although the escalating conflict in the Middle East and the threat of an incoming storm in the Gulf of Mexico continued to cause concern.
  • September crude eased 36 cents to 75.45 usd per barrel on Nymex.
  • Oil stocks fell back in London, with BP down 6 pence to 656, Royal Dutch Shell off 14 pence to 1958 and BG Group dropping 4-1/2 pence to 725-1/2.
  • Unilever however, was the day's biggest loser, falling 52 pence to 127, over 4 pct, as its in-line second quarter results gave investors an excuse to take profits after recent gains.
  • Merrill Lynch reiterated its 'sell' recommendation, noting that although the group's sales growth of 3.9 pct was slightly ahead of expectations, it remains well below its sector peers.
  • ICI was another faller, off 9-1/2 pence at 367-3/4, after 'in-line' results. UBS retained its 'neutral' recommendation.
  • Shares in Rio Tinto were also lower in morning deals as ongoing volatility in the mining sector overshadowed better-than-expected interim numbers from the group.
  • This morning, the dual-listed Anglo-Australian mining group said underlying first half earnings, excluding one-off items, rose 80 pct to 3.75 bln aud, topping a market consensus forecast of a 3.48 bln usd net profit.
  • In response, Merrill Lynch reiterated its 'buy' advice and said the results were in line with expectations operationally, with a lower than forecast tax rate driving net income 13 pct higher than it had forecast.
  • Elsewhere, Vedanta fell 19 pence to 1300, while BHP Billiton eased 4 pence to 1021 and Lonmin fell 38 pence 2778 after HSBC downgraded the shares to 'underweight' from 'neutral'.
  • Copper plays edged higher however, amid continuing fears of strike action at Chile's Escondida mine.
  • Antofagasta gained 3-3/4 pence to 4276-1/4, while Kazakhmys added 2 pence to 1257.
  • Remaining on the upside, Morrison Supermarkets added 12-3/4 pence to 218-1/2 after the supermarket chain delivered a sales update in-line with analyst expectations.
  • This morning, the group said like-for-like sales rose 6.6 pct in the 25 weeks to July 23, while like-for-like sales excluding fuel were up 4.6 pct, compared with expectations of growth between 4-4.8 pct.
  • In response, JP Morgan reiterated its 'neutral' stance and described today's numbers as "strong" and said they which should help the share price this morning.

  • Barclays was also in demand, gaining 6-1/2 pence to 634 after the banking giant reported a better than expected 37 pct increase in first-half profit.
  • The UK's third-biggest bank by market value, said pretax profit came in at 3.673 bln stg, up from 2.690 bln stg in the same period last year, and ahead of the 3.400 bln stg consensus analyst forecast.
  • In response, Merrill Lynch reiterated its 'buy' advice, as it described the results as "strong" and said its forecasts are likely to move up.
  • ITV was higher again, up another 2 pence to 103-1/2, on the back of rumours of a private equity bid, with talk of CEO Charles Allen's departure also doing the rounds.
  • PartyGaming meanwhile, added 1-3/4 pence to 111-1/4 on news that it has acquired online sports betting business Gamebookers for 102 mln eur.
  • Dresdner Kleinwort reiterated its 'buy' recommendation and 210 pence target.
  • On the economic front, the Bank of England is poised to keep its key repo rate unchanged at 4.50 pct for the 12th month running when it concludes its rate-setting meeting today.
  • The European Central Bank however, is expected to raise interest rates at today's governing council meeting as it quickens the pace of monetary tightening, economists said.
    The ECB is expected to hike its main refinancing rate to 3.00 pct from 2.75 pct, only two months after it last raised rates.
    Paris market
    PARIS - Market data at 10.00 am:
    Major indices:
    CAC-40 down 8.56 at 5,017.69
    SBF-80 down 22.70 at 5,528.98
    SBF-120 down 8.11 at 3,618.44

    Volume: 670 mln eur
    15 CAC-40 stocks up
    24 CAC-40 stocks down

    (Arcelor deleted, no replacement yet)
    Major gainers:
  • Societe Generale up 1.30 at 120.60 on strong Q2 results
  • Essilor International up 0.55 at 78.35
  • Axa up 0.13 at 27.52 after strong H1 results
  • Lagardere up 0.25 at 54.95 on technical bounce
  • Klepierre up 3.30 at 103.90 upgraded to 'buy' at Merrill Lynch
  • Euler Hermes up 2.50 at 91.10 as H1 sales rise 5 pct
  • Major losers:
  • Thomson down 0.27 at 12.83, downgraded to 'sell' from 'neutral' by Goldman Sachs
  • Total down 0.95 at 51.45 after Q2 results at low-end of market expectations
  • Capgemini down 0.58 at 40.75
  • Altran Technologies down 1.03 or 11.41 pct at 8.00, warns on H1 margin

  • Frankfurt market
    FRANKFURT - Market data at 10.44 am:
    Major indices:
    DAX 30 - 5,637.37, down 43.45 points or 0.76 pct
    MDAX - 7,920.47, down 25.83 points or 0.33 pct
    TecDAX - 636.20, down 1.71 points or 0.27 pct
    DAX future - 5,657.50, down 46.00 points or 0.81 pct
    Major risers/outperformers:
  • Fresenius Medical Care, up 1.80 eur or 1.88 pct at 97.30, after the company reported consensus-beating second quarter results and lifted its full-year guidance
  • Deutsche Boerse, up 0.84 eur or 0.75 pct at 112.18, after the exchange operator last night reported EBITA and net profit ahead of the most optimistic analyst forecasts, prompting a target price increase to 124 eur from 122 at WestLB
  • Allianz, up 0.52 eur or 0.42 pct at 123.80
  • Infineon, down only 0.01 eur or 0.12 pct at 8.45
  • Munich Re, down only 0.12 eur or 0.11 pct at 109.48
  • Major fallers:
  • ThyssenKrupp, down 0.51 eur or 1.84 pct at 27.25, after Arcelor late in yesterday's session said it is "not legally possible" for the combined Arcelor-Mittal group to sell Canada's Dofasco to ThyssenKrupp as Mittal wishes
  • BMW, down 0.70 eur or 1.75 pct at 39.22, as WestLB cut its price target on the issue to 46 eur from 52 eur on the back of concerns over the automaker's outlook
  • Hypo Real Estate, down 0.60 eur or 1.33 pct at 44.38
  • Lufthansa, down 0.19 eur or 1.28 pct at 14.70
  • Commerzbank, down 0.33 eur or 1.18 pct at 27.65, on profit-taking following yesterday's near 3 pct gains

  • Amsterdam market
    Amsterdam shares AFX at a glance outlook
    Company News:

  • Warburg Pincus, Cinven to buy Dutch Co Essent Kabelcom for 2.6 bln eur.
  • Unilever posts 33 pct increase in Q2 net income, reconfirms FY targets.
  • Numico repeats FY guidance after firm Q2 profits, lagging sales.
  • Imtech to buy mechanical industrial ops of Dutch co A. Hak Industrie.
  • Aalberts buys 51 pct interest in Polish co KAN, sees immediate EPS contribution.

  • Forex
    US dollar
    yen 114.76 up from 114.66
    sfr 1.2337 down from 1.2340
    usd 1.2752 up from 1.2747
    stg 0.6801 down from 0.6806
    yen 146.30 up from 146.23
    sfr 1.5732 down from 1.5739
    usd 1.8750 down from 1.8772
    yen 215.09 down from 215.29
    sfr 2.3118 down from 2.3169
    Australian dollar
    usd 0.7634 up from 0.7627
    stg 0.4071 up from 0.4061
    yen 87.600 up from 87.490

    The sponsor of page:

    © 2005-2006 BobKentis

    Hosted by uCoz