Friday May 9, 06:09 AM
Thomson Financial Europe AM at a glance share guide: Stocks; oil mixed
LONDON (Thomson Financial) - U.S. SUMMARY: Stocks, oil rise
Index Change Percent change
*DJIA 12866.78 +52.43 +0.41
*Nasdaq (NASDAQ: news)
2451.24 +12.75 +0.52
*S&P 500 1397.68 +5.11 +0.37
Nymex crude
for June $123.69 +16 cents
10 year U.S.
treasury 3.78 percent
* Thursday's close
STOCKS: Wall Street closed slightly higher Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run. Stocks also rose after retailers issued April sales results that, while not strong overall, were less gloomy than expected.
BONDS: Bond prices rose as some investors sought the safety of government debt despite the gains in stocks. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.78 percent in late trading from 3.85 percent late Wednesday.
FOREX: The dollar slid against the euro in New York trading late Thursday night. The euro rose to $1.5424 from the $1.5404 it traded at late Thursday afternoon.
The pound strengthened to $1.9566 from $1.9535 late Thursday afternoon. The dollar fell against the Japanese yen, trading at 103.63 yen late Thursday night in New York compared with 104.17 yen late Thursday afternoon.
The U.S. currency traded at 1.0485 Swiss francs, lower than the 1.0523 Swiss francs it bought late Thursday afternoon.
OIL: Light (LIGT3.SA - news) , sweet crude for June delivery added 16 cents to reach a settlement record of $123.69 a barrel on the New York Mercantile Exchange. Prices shot to a new trading record of $124.61 in aftermarket trading amid light volume.
METALS: In precious metals, gold futures jumped more than $10 after the dollar weakened, encouraging safe-haven buying.
Gold for June delivery rose $10.90 to settle at $882.10 an ounce on the Nymex. Other precious metals traded mixed.
July silver rose 17.5 cents to settle at $16.87 an ounce, while July copper fell 4.65 cents to $3.7875 a pound.
EVENTS:
March trade balance (1230 GMT)
Clear Channel Communications Q1 results. EPS forecast $0.21 versus $0.20 (before market opens)
Windstream Corp Q1 results. EPS forecast $0.25 versus $0.21 (1600 GMT)
ASIA SUMMARY: Stocks mixed; oil near all-time highs
Index Change Percent change
Nikkei 225 (news) 13,728.16 -215.10 -1.54 (0353 GMT)
S&P/ASX 200 5,787.90 +64.70 +1.13 (0354 GMT)
Straits Times (news) 3,169.37 -2.51 -0.08 (0134 GMT)
Hang Seng (news) 24,948.22 -501.57 -1.97 (0354 GMT)
Seoul Composite 1,823.28 -24.72 -1.34 (0354 GMT)
BSE Sensex 17,020.79 -59.86 -0.35 (0425 GMT)
usd-yen 103.74 -0.01 -0.01 (Intra (Milan: PIN.MI - news) -day)
10-year JGBs 1.555 percent -0.085 -5.18 (Intra-day)
Brent North Sea $123.48 +0.64 +0.52 (Intra-day)
crude for June
STOCKS: Stock markets across Asia were mixed Friday, with Japan declining after disappointing earnings from auto giant Toyota, while Australia was propped up by gains in the banking and resource sectors as oil prices set fresh records and metals rallied.
BONDS: Japanese government bonds were higher after investors sought safer assets following falls in stocks and disappointing auction results from the previous day.
FOREX: The U.S. dollar was trading slightly weaker against major currencies in late morning, as traders continued to unwind expectations that the Federal Reserve might start raising interest rates at the end of the year.
OIL: Crude oil was near new all-time highs above $124, after the OPEC cartel insisted the market is well supplied and being driven by speculators.
New York's main oil futures contract, light sweet crude for June delivery, rose 61 cents to $124.30 a barrel in Asian trade after closing at a record $123.69 on Thursday at the New York Mercantile Exchange.
METALS: Gold rose in afternoon Thursday trade, reversing earlier losses, as the U.S. dollar retreated from an eight-week peak against the euro and crude oil prices stayed near record highs.
Other precious metals were also firm. Copper extended losses early Thursday, on expectations for further dollar gains after the greenback staged an impressive recovery in recent days. Other base metals were mixed yesterday.
EVENTS:
India's wholesale price index for week to April 26
Japan March leading index for business condition
Japan April foreign exchange reserves
National Australia Bank H1 results
Reserve Bank of Australia quarterly monetary statement
Hong Kong government land auction
EUROPE SUMMARY: Stocks mixed, oil dips
Index Change Percent change
*FTSE 6270.80 +9.80 +0.16
*DAX (Xetra: news) 7071.90 -4.35 -0.06
*CAC 5055.58 -19.73 -0.39
pound-dollar 1.9568 +0.0042
euro-dollar 1.5424 +0.0037
Brent
crude(June) $121.62 -70 cents
*Thursday's close
STOCKS: UK blue chips closed a touch higher as firmer trade on Wall Street and a mining sector buoyant on takeover talk helped to offset a weak banking sector following the Bank of England's (BoE) decision to keep interest rates steady.
Europe's leading exchanges closed lower as a slew of bad news in the banking sector and still-high oil prices continued to weigh, offsetting the rally in the U.S.
FOREX: The euro strengthened after the European Central Bank disappointed markets by providing no hints that it might ease interest rates any time soon in the single currency zone.
Elsewhere on currency markets, the pound weakened despite the BoE keeping its benchmark bank rate on hold at 5.0 percent, as market players continued to price in the probability that the Bank of England will deliver a rate cut next month instead.
BONDS: European government bonds remained higher as investors looked through the hawkish rhetoric of the European Central Bank and focused on the softening economic growth outlook.
In the United Kingdom, gilts were also higher, tracking the wider market after the BoE's decision to leave interest rates unchanged at 5.0 percent.
OIL: Oil prices dropped sharply on Thursday afternoon after OPEC announced it is 'ready to act' if the market sees a need for more crude, while maintaining that there is currently no shortage of supplies despite recent record prices.
METALS: Gold rose in early afternoon trade, reversing Thursday morning's losses, as the dollar retreated from an eight-week peak against the euro and crude oil prices stayed near record highs. At 1421 GMT, spot gold was trading at $877.60 per ounce against $870.00 Wednesday.
Elsewhere, platinum rose to $1,993 an ounce against $1,958, while palladium was trading at $426 against $420.
In industrial metals, copper extended losses on expectations for further dollar gains after the greenback staged an impressive recovery in recent days.
EVENTS:
UNITED KINGDOM
England, Wales Q1 mortgage repossessions
C&C Group AGM
Aga Foodservice Group AGM/EGM
Bovis Homes AGM
Cattles AGM/trading statement
Hochschild Mining AGM
IMI AGM
Intertek AGM/trading statement
Laird Group AGM
HMV Group (LSE: HMV.L - news) trading statement
BENELUX
Dutch Match industrial sales
Ahold Q1 results. Sales forecast 7.255 billion to 7.60 billion euros versus 7.634 billion
Wessanen Q1 results. Net profit forecast 7.7 million to 9.4 million euros versus 21.5 million
AMG AGM, conference call
Randstad (Amsterdam: RND.AS - news) offer period for Vedior (Amsterdam: VDOR.AS - news) ends
FRANCE
March industrial production
FRANKFURT
April producer price index
March industrial sales index
Allianz complete Q1 results. Analyst call
Linde Q1 results. EBITDA forecast 626.3 million euros versus 569 million euros
ITALY
Telecom Italia Q1 results. Net profit forecast 488 million to 546 million euros
Atlantia Q1 results
Pirelli Q1 results. Net profit forecast 14 million to 47 million euros versus 56.3 million; sales 1.288 billion to 1.320 billion euros
Saras Q1. Conference call. Adjusted net profit forecast 53 million to 69 million euros versus 71 million
PORTUGAL
Feb trade balance, March non-EU trade balance (INE)
Cimpor AGM
SCANDINAVIA
Sweden Riksbank monetary policy speech by Irma Rosenberg
Finnish preliminary March trade balance
Denmark March balance of payments
Norway April CPI, PPI data
SanomaWSOY Q1 results
DNO Q1 results
Schibsted Q1 results. Pretax profit forecast 1.055 billion crowns versus $230 million; sales 3.425 billion crowns versus $3.359 billion.
DS Torm Q1 results
SPAIN
Gas Natural Q1 results, webcast. Net profit forecast 305.0 million to 345.7 million euros versus 304.7 million
Almirall AGM
Acceptance period for Prisa (Madrid: PRS.MC - news) bid on Sogecable (Madrid: SGC.MC - news) ends
SWITZERLAND
Julius Baer (Virt-X: BAER.VX - news) trading statement
EASTERN EUROPE
Hungary preliminary March foreign trade data
Slovak March industrial and construction output
Slovak March retail sales
Polimex Mostostal Q1 results
KGHM Q1 results. Unconsolidated net profit forecast, which excludes earnings from KGHM's phone units, 955 million zlotys versus 914 million
Netia news conference
NWR to start unconditional trading on the London Stock Exchange (LSE: LSE.L - news)
BPH news conference
Gedeon Richter Q1 results. Profit forecast 9.95 billion forint, up 38 percent; sales 44.49 billion forint, up 9 percent
Russian public holiday, bourse closed
EUROPEAN UNION/EURO ZONE
Institutions closed for Schuman Day
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