Daily commentary – European and US stock markets 29 April 2014

Daily commentary – European and US stock markets 29 April 2014
Daily commentary – European and US stock markets 29 April 2014
European markets

European markets opened higher this morning and are currently trading on the green side, influenced by a brand new portion of financial statements and extending their yesterday’s gains. At the time of writing, Germany’s DAX30 is going up 0.59% to 9,502.18, France’s CAC40 is a bit hesitant at +0.01%, while the UK’s FTSE100 is enjoying a steady morning so far, rising by 0.52% to 6,735.26. German semiconductor manufacturer Infineon Technologies AG is the top earner in the DAX30 at the moment, advancing by 4.44% as most of the benchmark companies are on positive territory. The FTSE100‘s best performer is global biopharmaceutical company Shire PLC, whose shares are going up by 3.50% at the moment

 

 US market

US stock market started the new week with a high volatility during yesterday’s session as the major indices went from negative to positive and vice versa before landing on the green side of the charts. Strong data on the US Pending Home Sales, which revealed its biggest rise in nearly three years, or a 3.4% growth in March, also supported the indices’ performance.

The Dow added 87.28 points to its value, or 0.5%, to close the session at 16,448.74, with 22 companies within the benchmark registering increases. Pfizer Inc. was the biggest gainer, going up by 4.2%, while Nike Inc. reported its worst performance for the day falling by 1.4%. The technological Nasdaq Composite ended at 4,074.40 while the S&P500 closed just below 1,870 points, or an increase by 0.3%. Companies in the telecommunications sector were the best performers, gaining more than 1.1%, while financial companies reported the largest decline for the day, slipping by almost 0.5%.

 

Wall Street is gearing for a positive opening today, as early signs suggest. However, ahead of the FOMC meeting tomorrow, some investors may prefer to stay cautious, waiting for more clues on the Fed’s future policy. The US earnings season is in full speed now, with corporate financial statements also affecting the markets. Some of today’s earnings releases include: BP Plc., eBay Inc., LG Electronics Inc., Samsung Electronics Co Ltd and Twitter Inc.

On the economic calendar front, the rest of day will see the UK’s Gfk Consumer Confidence for April, the Preliminary release of Japan’s Industrial production for March (YoY and MoM) and the US Consumer Confidence for April.  

 

Source: dfmarkets.co.uk

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary – European and US stock markets – 15 April 2014

Daily commentary – European and US stock markets - 15 April 2014
Daily commentary – European and US stock markets - 15 April 2014
European markets

European markets are trading mixed at the moment, after having a lower start  this morning,  affected by new tensions in Ukraine. At the time of writing, the UK’s FTSE100 is gravitating around 0.02% level, Germany’s DAX30 is down by 0.77% to 9,267.30, while France’s CAC40 is up by 0.23% to 4,394.15. German personal care products company Beiersdorf AG is top performer in the DAX30 at the time of writing, going up by 0.89% while Commerzbank AG is sliding the most, going down by 1.68%. The FTSE100’s top earner is British multinational automotive and aerospace components company GKN Plc., which is advancing by 2.49%, while the CAC40’s pole position is currently held by cosmetics company L’Oreal SA, which is climbing by 2.11%, despite reporting a 2.2% weaker first quarter results compared to a year ago.

 

US market

Wall Street started the new week on Monday on a positive note, thus ending its previous negative series. The strongest support for the indices came after data showed the US Retail Prices climbing by 1.1% in March and registering their biggest growth in 18 months. Another boost for the US stock market was the third largest US bank institution Citigroup Inc.’s financial results, which revealed an unexpectedly high increase by 3.5% net profit to reach $3.94 billion. Following the news, Citigroup shares rose by 4.36% to $47.67 per share.

The end of Monday’s session saw the S&P500 increasing by 14.92 points, or 0.8%, to close at 1,830.61, reporting its first positive result since last Wednesday. The Dow also had a good day, adding 146.48 points to its value, or 0.9%, to close at 16,173.24.

The technological Nasdaq100 was not feeling left out as the benchmark rose by 22.96 points ,or 0.6%, to 4,022.69.

 

Wall Street appears to be poised for a cautious opening today, standing by for trading signals. Given the mixed Asian session and European markets’ downside performance, the US markets are likely to rely on the earnings season portion of financial results.

 

Investors’ focus today will be set on the US Consumer Price Index as well as Fed Chair Janet Yellen’s speech. The new US earnings season has already started to play its fair share on the markets, with some of the companies scheduled for today being Intel Corp., Johnson & Johnson, Coca-Cola Co. and Yahoo! Inc.

 

Source: dfmarkets.co.uk

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

 

Daily commentary – European and US stock markets 8 April 2014

Daily commentary – European and US stock markets 8 April 2014
Daily commentary – European and US stock markets 8 April 2014
European markets

European markets opened broadly lower this morning amid a dampened Wall Street mood overnight and new tensions in the Ukrainian crisis. At the time of writing, France’s CAC40 is falling by 0.97% to 4,393.67; the UK’s FTSE100 is down 1.05% to 6,554.32, while Germany’s DAX30 is sliding by 1.01% to 9,414.75. At the moment only four companies in the DAX30 are on the green side of the charts, with German industrial gas and engineering company Linde AG advancing the most: up by 0.24%. The FTSE100’s top performer is precious metals mining and exploration company Fresnillo Plc., climbing by 1.46%, while British retailing group Sports Direct International PLC. is certainly having a bad day as it is dropping by 10.69% at the time of writing.

 

US markets

The leading US indices started the new week on Monday on the downside and further extended their declines to three consecutive days. The Dow reported a significant fall, sliding by 166.84 points, or 1.3%, to end at 16,245.87. Only 6 out of all 30 companies within the benchmark registered growths, with the biggest increase being that of IBM, which gained 1.4%. On the other hand, Pfizer Inc, shares had the weakest performance for the day as they fell by 3%. The Nasdaq100 dropped by 0.9%, adding to a three-day decline by 4.3%, marking its  biggest three-day fall since 2011. The S&P500 also fell, sliding by 1.1% and closing below the psychological level of 1,850 – at 1,845.04. The benchmark has erased the gains accumulated so far this year.

 

Wall Street is gearing for a mixed opening today on early indications amid red-coloured European markets and a lack of major economic events for the day.

 

Investors’ attention today will also be drawn to both the Presidents of Fed Philadelphia and Fed Minneapolis public statements. The new US earnings season is also highly anticipated, with aluminium producer Alcoa Inc. traditionally being the first to publish its financial results. Analysts’ expectations bet for a profit of 5 cents per share in addition to yesterday’s upgrade by Deutsche Bank of Alcoa’s ratings from “sell” to “hold”.

Banking institutions J.P.Morgan Chase & Co. and Wells Fargo & Co. are also set to report their financial earnings for Q1 2014 at the end of this week.

 

Source: dfmarkets.co.uk

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

 

Daily commentary – European and US stock markets – 1 April 2014

Daily commentary – European and US stock markets – 1 April 2014
Daily commentary – European and US stock markets – 1 April 2014
European markets

European markets opened today in a broadly positive mood, supported by encouraging Eurozone economic results. The Markit Manufacturing PMI for the Eurozone was in line with analysts’ expectations and revealed a reading of 53.0. France and Italy also reported a growth of the Manufacturing PMI, while Germany published better-than-expected unemployment data as figures showed a decrease by 12K for March, opposite forecasts for a 10K drop. At the time of writing France’s CAC40 is advancing by 0.82% to 4,427.68, Germany’s DAX30 is going up by 0.60% to 9,613.64, while the UK’s FTSE 100 is climbing by 0.53% to 6,633.01. German multinational building materials company HeidelbergCement AG is the top performer in the DAX 30 at the time of writing, increasing by 2.55% while international investment management group, Aberdeen Asset Management PLC is “flying” by 7.48%.

 

US market

Wall Street started the new week on a positive territory after Fed Chairman Janet Yellen said in a speech that the US central bank will continue with the stimulus programme in the coming months. Yellen commented that the US economy still needs support from the Fed, and such a position is shared by the majority of the Federal Open Market Committee. Currently, the monthly asset-purchase amounts to $55 billion.

The Dow registered an increase after adding 134.60 points to its value, or a 0.8% rise, to close at 16,457.66, with 25 of all 30 companies reporting growth. Visa Inc. proved to be the best performer as its shares advanced by 1.8% while Coca-Cola Co. was on the opposite side after experiencing a decline of 0.7%.

The Nasdaq100 rose by 24.25 points, or 0.8%, to end at 3,595.74. The S&P500 also reported a growth, going up by 0.5%, or 8.41 points, on Monday to close at 1,872.34. That marked an appreciation by 0.7% for the benchmark in March, which added to the 1.3% rise for the year so far. The industrial and healthcare sectors registered biggest growth, gaining 1.1% as nine of the ten groups within the benchmark reported increases.

 

Wall Street is about to start trading today, with bets calling for a modestly higher opening as yesterday’s enthusiasm from Janet Yellen’s speech has worn out.

On the economic calendar, the US ISM Manufacturing PMI for March is due for release at 14:00 GMT.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary – European and US stock markets – 18 March 2014

 

Daily commentary – European and US stock markets – 18 March 2014
Daily commentary – European and US stock markets – 18 March 2014
European markets

A grey cloud set upon European markets this morning as they opened broadly lower, after enjoying a two-week high on Monday. Indices stayed on the red through midmorning as the ZEW Survey on Economic Sentiment for both the Eurozone and Germany revealed worse-than-expected falls for March, as the indicators plummeted to 61.5 and 46.6, respectively, opposite forecasts for more modest drops: to 67.3 and 53.

As the day progressed though, news from Russia that President Vladimir Putin is “not seeking to split up Ukraine” caused a u-turn and markets started trading on the green. At the time of writing, Germany’s DAX30 is advancing by 0.71% to 9,245.98, France’s CAC40 is going up by 1% to 4,310.87, while the UK’s FTSE100 is rising by 0.35% to 6,588.39. Commerzbank AG is the top gainer in the DAX30, climbing by 2.67%, while UK media company ITV Plc. is the leading performer in the FTSE100. Renault SA is in a pole position at CAC40, going up 2.99%, while mass media and telecommunications company Vivendi SA is at the bottom, falling by 0.92% at the moment.

 

US market

All leading US indices started the week on Monday “al fresco” as they ended the session on positive territory, breaking five consecutive sessions on the red. Market participants found support in upbeat economic data from the US and news for a peaceful referendum in Crimea.

In a report on the US Industrial Production for February, results revealed the indicator increased by 0.6%, opposite forecasts for a rise by 0.2%, thus reporting its strongest performance in the last six months.

The Dow registered a significant increase after adding 181.55 points, or 1.1%, to close at 16,247.22. All 30 companies in the index posted gains, with the biggest climb being by IBM, which advanced by 2%.

The Nasdaq100 rose by 34.64 points, or 1%, to end at 3,662.51.

The S&P500 also reported an increase and closed above the resistance level at 1,850. The benchmark added 1%, or 17.70 points, to close at 1,858.83. All ten groups registered increases, with companies in the technological and industrial sectors managing to record the best performance of all, advancing by about 1.2%.

 

US market is about to open in less than an hour, with indications to start the trading session relatively higher, partly due to President Putin’s speech on Ukraine.

Other events scheduled until the rest of the day feature the Bank of England Governor Carney speech and Japan’s Merchandise Trade Balance for February.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

Daily commentary – European and US stock markets – 12 March 2014

Daily commentary – European and US stock markets – 12 March 2014
Daily commentary – European and US stock markets – 12 March 2014
European markets

European indices opened steadily on the red side of the charts this morning as investors’ sentiment was hit by the political and economic uncertainty, with worries about the unexpected decline in the Eurozone Industrial Production, China’s credit market, and the Russia-Ukraine stand-off starting to weigh on. Data published earlier today showed that the Eurozone Industrial Production fell for a second straight month, dropping by 0.2% in January; however, it revealed a more positive look on annual basis, being up  by 2.1% YoY.

At the time of writing, the UK’s FTSE100 is down by 1.10% to 6,611.89, France’s CAC40 is falling by 1.50% to 4,284.81 while Germany’s DAX30 is sliding by 1.42% to 9,173.11.

E.ON SE, one of the world’s largest investor-owned electric utility service providers along with Deutsche Telekom AG are the only two companies in the DAX30 being on the green at the moment, advancing by 0.17% and 0.7%, respectively. The FTSE100’s top earner is British multinational life insurance and financial services company Prudential Plc., which is going up by 3.09% while G4S, a multinational security services company, is having the worst day of all FTSE companies, sliding by 7.05% at the time of writing.

US market

US indices sailed to a second day on the red this week, ending Tuesday’s session with new declines, with the S&P500 continuing to retreat from the record levels it reached last week.

In the absence of significant US economic news, investors are waiting for more signals, which are expected on Thursday and Friday.  A report by the Commerce Department revealed that Wholesale Inventories for January increased more than expected, climbing 0.6%, opposite expectations for a 0.4% rise. However, the released data failed to influence the markets’ movement.

One of the main factors that determined the negative direction of the stock markets came from China, as it was revealed that it had its first company to default in its on-shore bond market. The company, Shanghai Chaori Solar Energy Science & Technology Co, a manufacturer of solar panels, declared bankruptcy as it failed to pay interest on its bonds.

The news caused investors to rethink/re-evaluate the China demand scenario, as this was the first corporate bankruptcy, with speculations that more companies in China’s bond market may miss debt payments.

The S&P500 ended the day with losses: it was down by 9.55 points, or 0.5%, to reach a level of 1,867.62, with nine out of the ten major sectors reporting decreases. Energy companies lost positions after oil sank below the $100 mark per barrel. Exxon Mobil Corp. dropped by 1.6% to $94.01 per share while Chevron Corp. declined by 1.2% to $114.51 per share.

The Dow closed the session with a decline by 67.43 points, or 0.4%, to end at 16,351.25 while the Nasdaq Composite registered a decline for a fourth consecutive day, closing at 4,307.19 or 27.26 points lower than Monday.

 

Wall Street is just about to open, with all bets pointing to a lower start influenced by a global grimmer market mood, thus adding to a further downsight from previous sessions. The rest of the day does not have much to offer in terms of economic events, which may also cause investors to refrain from taking risks. 

More significant economic data is expected tomorrow: US Retail Sales and Initial Jobless Claims.

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary –European and US stock markets – 5 March 2014

Daily commentary –European and US stock markets – 5 March 2014
Daily commentary –European and US stock markets – 5 March 2014

European markets

European markets started Wednesday in a slightly grimmer mood, following their biggest one-day percentage gain of 2.2% since July on Tuesday, which was boosted by an easing tension between Russia and Ukraine.  At the time of writing, UK’s FTSE100 was losing 0.54% to 6,787.31; Germany’s DAX30 was down by 0.22% to 9,566.41 while France’s CAC40 was falling by 0.20% to 4,386.77. The motor insurance company, Admiral Group PLC is in a poll position at FTSE100 now, advancing by 6.48% while Commerzbank AG is the top mover in DAX30, going up by 1.78%.

Euro zone economic data for today has been positive so far: the Markit Services PMI for February registered upbeat results coming from France, Germany, Italy and the UK as only Spain missed out on forecasts.

 

US markets

After declines on Monday, US major indices returned to gains on Tuesday after signals for an easing tension in Ukraine surfaced, boosting the Wall Street to post record high levels.

Yesterday’s session on Wall Street was marked by the biggest daily gains since the start of the year with the S&P500 closing at a new record high for the 49th consecutive session in the last 12 months. So despite the lack of important economics news on Tuesday, market participants regained their appetite for riskier assets.

Tuesday’s trading saw the S&P500 rising by 28.18 points or 1.5% to close at a record level of 1,873.91 thus reporting its best performance since the start of 2014. All 10 main sectors within the index posted gains led by financial and health groups, which registered the biggest climb.  

The Dow also increased, adding 1.41% to reach 16,395.88 with Walt Disney being the leading gainer within the index. The Nasdaq Composite followed suit as well, going up by 74.67 points or 1.8% to end at 4,351.97 or closing at its highest level since April 2000.

Among the biggest winners yesterday were Yahoo Inc., Twitter Inc., Facebook and Microsoft Corp. The search engine’s shares rose by 3.6% to $39.63 per share, Facebook added 2% to its value while software giant Microsoft went up by 1.7% to $38.41 per share.

 

US markets may set for a lower opening today as yesterday’s momentum is likely to have weakened.  Ahead of US ISM Non-manufacturing PMI results later in the day, the European Central Bank meeting tomorrow and the US Nonfarm payrolls on Friday, market participnats may prefer to trade cautiously during today’s session.

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages

 

Daily commentary – European and US stock markets -13 February 2014

Daily commentary – European and US stock markets -13 February 2014
Daily commentary – European and US stock markets -13 February 2014
European markets

European markets followed suit from their US counterparts’ yesterday performance and opened lower today, thus ending six days on green territory. At the time of writing UK’s FTSE100 was down by 0.80% to 6,624.91, France’s CAC40 was falling by 0.53% to 4,282.65 and Germany’s DAX30 was declining by 0.42% to 9,500.30. German electric utilities company RWE AG was the top earner in DAX30, advancing by 2.15% to 28.495 EUR while Imperial Tobacco Group plc was the best performer in FTSE100, gaining 3.82% to 2,310.000 GBp this morning.

 

US markets

Major US indices ended yesterday’s session in a downbeat mood after previously registering their best four days in a row for the last year. Looking for more directions, investors had turned their attention to the financial statements of several companies and economic news from the US and China.

The US Monthly budget statement, which is prepared by the Financial Management Service, turned out better-than-expected and showed a $10.42B deficit in January, thus surpassing analysts’ expectations for a higher figure of around $27.50B deficit.

China also had its fair share on influencing the markets yesterday as the country’s economy unexpectedly surprised with more upbeat data on its Trade balance. Both exports and imports for January grew by about 10%. Analysts anticipated that more than a week-long celebration of the Lunar year would have a negative effect on foreign trading in the first month of 2014.

Despite starting the session with gains, the Dow ended on negative territory, losing 30.83 points or 0.2% to close at 15,693.94 with 16 out of 30 companies reporting declines. The biggest fall was registered by Procter & Gamble Co, whose shares dropped by 1.7% while Caterpillar Inc was the most profitable firm as it rose by 1.3%.

The technological Nasdaq100 was the only one to rise, climbing by 15.54 points or 0.2% to end at 3,627.36.

The S&P500 dropped, albeit with a modest 0.03% or less than 1 point to close at 1,819.27. The benchmark ended its very strong 4 days when it gained 3.9% , marking its best performance since January 2013. The energy and consumer sectors were among the worst performing yesterday while the telecommunications group registered one of the largest increases.

One of today’s big events was Janet Yellen’ testimony before Congress but that was postponed due to severe weather conditions in the US. Other events which are set to capture investors’ attention include: the US Initial Jobless Claims along with the country’s Retail Sales and Business Inventories.

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages

 

 

 

Daily commentary – European and US stock markets – 6 February 2014

Daily commentary – European and US stock markets – 6 February 2014
Daily commentary – European and US stock markets – 6 February 2014
European markets
European indices opened in a “positive mood” today as investors waited for the outcome of both the Bank of England and the European Central Bank interest rates decisions, , with most analysts seeing no change in the current policies. Germany’s DAX30 was up by 1% to 9,204.92, France’s CAC40 was edging by 0.87% to 4,153.33, while the UK’s FTSE100 was rising by 0.59% to 6,495.64 at the time of writing. Top earner in the DAX30 this morning was German-based agricultural, chemical and salt company K+S AG, which was climbing by 3.34% to 23.150 EUR, while financial services firm Hargreaves Lansdown PLC was the leading runner in the FTSE100, advancing by 2.90% to 1,385.000 GBp. Meanwhile, British- Swedish pharmaceutical giant AstraZeneca Plc. was the worst performing FTSE100 company at the time of writing, falling by 3% to 3,760.500 GBp.

US markets
US stock markets closed trading on Wednesday with very slight changes, as they continued the negative trend from the beginning of the week. The main reason for investors’ uncertain actions came from the series of mixed data about the US economy. The ADP (Automatic Data Processing, Inc.) Employment Change stirred the pot by coming at 175K, thus missing expectations for a 180K figure and revealing a significant slide from the previous month, when results capped at 227K. On the other hand, the service sector showed a better-than-expected rise in January, which further added some chart hesitation. At the end, markets failed to find a clear direction and ended the session little changed from their opening quotes.
The S&P500 fell by 3.56 points, or barely 0.2%, to close at 1,751.65, thus marking its third day on the red. The Dow also closed on negative territory, sliding by 5.01 points overall, or 0.03%, with the index falling by more than 100 points in intraday trading before landing at 15,440.23.
The Nasdaq showed “empathy” to the other benchmarks and also turned red, erasing 19.97 points, or 0.5%, to finish at 4,011.55.
Despite the indices’ sluggish chart movements, the US earnings-season results brought some life and excitement: Twitter Inc. shares fell as much as 12% on a net loss of $645m (£396m) for 2013 and user slow growth; Walt Disney Co. going up by 1.7%, and Green Mountain Coffee Roasters Inc. skyrocketing by nearly 40%, after Coca-Cola Co. (KO.N) bought a 10% stake in the company.

 Today’s main entries are surely the meetings of the European Central Bank as well as the Bank of England, which are expected with increased interest by investors. Other events include: US Trade Balance for December and the country’s Initial Jobless Claims. 

On the US earnings-season front, attention will be drawn to the financial results of the likes of Moody’s Corp. and Hyundai Steel Co.

Source: dfmarkets.co.uk
Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.
Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

Daily commentary – European and US stock markets – 29 January 2014

Daily commentary – European and US stock markets – 29 January 2014
Daily commentary – European and US stock markets – 29 January 2014

European markets

European markets opened higher this morning as Turkey’s bold move to raise its interest rates proved to be the hit of the day. The country has taken these drastic measures in order to save its currency from being eaten by inflation, so it increased the overnight lending rate to 12% from 7.75%, and the overnight borrowing rate to 8% from 3.5%.

Following the news, the Turkish lira is trading stronger this morning, with European indices also benefiting from the decision. Germany’s DAX30 was up by 0.91% to 9,491.74, France’s CAC40 climbed by 0.68% to 4,213.83, and the UK’s FTSE100 was gaining 0.67% to 6,616.40 at the time of writing. Telecommunications equipment company Alcatel-Lucent was the top gainer in the CAC40, advancing by 3.17% to 3.0620 EUR, opposite to hotel group Accor SA, which was the top loser, sliding by 0.33% to 35.7800 EUR this morning. The DAX’s top performer was Commerzbank AG, climbing by 2.18%, while the FTSE100-listed Chilean mining company Antofagasta PLC was going high, up by 7.05% to 880.500 GBp.

US markets

Major US indices ended yesterday’s trading on positive territory, after “suffering” serious falls in the past several sessions. Encouraging US economic results and companies’ earnings were one of the reasons for the stock market upbeat performance yesterday. Data revealed that the Consumer Confidence has increased to 80.7 in January, surpassing forecasts for a 78.1 rise.

The Home Price Index for November also registered an increase, albeit a bit modest: from 13.61% in the previous month to 13.71%. Meanwhile, Orders for Durable Goods for December failed to keep the positive pace as they recorded a decline by 4.3%.

The Dow rose for the first time in the last five trading sessions, adding 90.88 points to its value, or 0.6%, to end at 15,928.56. Overall, 24 of the 30 companies in the index registered an increase, with the world’s biggest drugmaker, Pfizer Inc., being the top performer, as its shares gained 2.6% to $30.42 after upbeat earnings results. Networking equipment corporation Cisco Systems Inc. was on the other end of the charts, with its shares falling by 1.4%.

The Nasdaq100 surged by 14.235 points, or a modest 0.4%, to close at 4,097.96. The index managed to rise despite the strong decrease of Apple Inc., whose shares slid by more than 8% in after-hours trading on Monday, after investors were disappointed with the company’s corporate results.

The S&P500 also moved to the green side of the charts, increasing by 10.94 points, or 0.6%, to close at 1,792.50, with nine of the ten industry groups reporting rises. Financial and healthcare sectors were the top winners, advancing by 1.2% each, while the technology sector slid by 0.7%. So far, 152 companies within the index have published their financial earnings, with 74% of them surpassing experts’ expectations, and 68% have recording better sales results.

Today market participants will focus on the Fed’s meeting later in the day, with forecasts bidding for another $10 billion reduction on the stimulus programme, so that the monthly injection will fall to $65 billion. Other events include New Zealand Building Permits for December and Japan’s Retail Trade for December (MoM and YoY).

Several industry heavyweights are also scheduled to announce their earnings results today; these include: Facebook Inc., Boeing Co., Dow Chemical Co., and Qualcomm Inc.

Source: dfmarkets.co.uk

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

Daily commentary – European and US stock markets – 16 January 2014


Daily commentary – European and US stock markets – 16 January 2014
Daily commentary – European and US stock markets – 16 January 2014
European markets

This morning European markets opened a bit hesitant after enjoying four days of gains, waiting for more direction by data due for release today. At the time of writing, Germany’s DAX30 was wavering between green and red after reaching its all-time high on Wednesday; France’s CAC40 was down by 0.16% to 4,324.17, while the UK’s FTSE100 was up 0.11% to 6,827.57.

dax30

 

German-based agricultural chemical and salt company K+S AG was the top gainer in the DAX30, advancing by 2.15% to € 25.895 opposite Deutsche Lufthansa AG, the largest airline in Europe, which was sliding the most within the index this morning, falling by 0.92% to €18.44. The CAC40 best performer was LegrandAS, the world leader in products and systems for electrical installations and information networks, which was gaining 3.09% to €40.2300, while the UK’s largest listed water company, United Utilities Group PLC., was in the poll position in the FTSE100, rising by 3.95% to £685.000.

US markets

 US stock markets returned to their more “joyful” performance from previous sessions after ending a second consecutive day with strong increases in value with the S&P500 erasing all losses accumulated so far in 2014 and reaching a new record-high. Investors’ optimism was triggered by a lifted forecast by the World Bank regarding the global economy.

The report revealed that the institution has increased its forecast for a global economic growth this year, with a focus on the emerging markets. The initially stated 3% growth in July was revised to 3.2%, while the forecast for the richest countries was lifted from 2% to 2.2%. The main reason for the correction lays in the improved economic state in the Eurozone as well as the strong stock market performance in the US.

The S&P500 added 0.5% to reach the record 1,848.38 points, outperforming its previous record from 31 December, which was just 0.02 points lower, with seven of the ten industry groups reporting increases. The top gainers were the telephone, technology, and finance companies, which climbed by more than 1.1%.

s&p500

The Dow rose by 108.09 points, or 0.7%, to close at 16, 481.94 points, with Microsoft Corp. and Verizon Communications Inc. being the big winners within the index, adding 2.7% and 2.5%, respectively, to their values.

The technological Nasdaq Composite rose by 29.2 points, or 0.7%, to 4,212.21.

Among other top performers was Bank of America Corp., whose shares gained 2.3% to $17.15, reaching their highest level since May 2010, after it posted financial results that exceeded analysts’ expectations. Apple Inc. also joined the winners club, edging up by 2% to $557.36, after China Mobile, which is the largest phone company by number of customers, said that pre-orders for the iPhone have reached about 1 million.

 

Today has already shaped up as a busy day, with Australia’s employment data out (revealing worse-than-expected results) and Germany’s Consumer Price Index for December (MoM and YoY) showing no surprises to analysts’ expectations. The rest of the day will see both the Eurozone and US Consumer Price Indexes for December (MoM and YoY) along with the US Initial Jobless Claims.

Outside the economic calendar, it is the US earnings season again, with its imminent impact on the markets. Among the companies set to release their financial results today are American Express Co, Citigroup Inc., Goldman Sachs Group Inc., and Intel Corp.

 

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary – European and US stock markets – 8 January 2014

Daily commentary – European and US stock markets – 8 January 2014
Daily commentary – European and US stock markets – 8 January 2014
European markets

After yesterday’s strong performance supported by an upbeat German unemployment figure, European markets opened mixed today, waiting in a ‘’stand-by position’’ for important economic data due to be released both from the Eurozone and the US in the next few days. Germany’s DAX30 was down by 0.17% to 9,490.34, France’s CAC40 fell by 0.22% to 4,252.69, while the UK’s FTSE100 was eased 0.39% to 6,729.03 at the time of writing. CAC’s top gainer this morning was multinational banking and financial services provider Societe Generale SA, which advanced by 2.06% while pharmaceutical company Sanofi was losing the most, slipping by 1.06%. German-based agricultural, chemical, and salt company K+S AG was the best performer in the DAX30, being up 3.73% to €22.79, whereas general insurance company RSA Insurance Group PLC was the gains leader in the FTSE100 at the time of writing, climbing by 3.32% to 100.800 GBp.

FTSE100

 

US markets

Wall Street reported its first session for 2014 on the green side, with the S&P500 also putting an end to its three-day losing streak. This was mostly due to the combined effect of a sharp decline in the US trade deficit and upbeat data from Germany, which fuelled optimism for a faster recovery of the leading economies.

 

The US Commerce Department’s report released yesterday showed that the country’s trade deficit for November fell much more than expected, reaching its lowest level since 2009.  The gap in the trade balance shrank by 12.9% to $34.3 billion, opposite analysts’ forecasts for a figure of about $40 billion. The main factor for the impressive trade balance change was the serious decline in oil imports in the US, which reached a 3-year low.

The S&P500 gained 11.11 points, or 0.6%, to close at 1,837.88 and end its decline from the previous three sessions, when the index lost more than 1%. According to analysts, the losses at the start of the year were largely due to investors collecting their profits from a strong 2013 which saw the S&P500 gaining nearly 30%. All ten industries within the benchmark reported increases, with the healthcare sector being in the lead.

 S&P500

The Dow rose by 105.84 points, or 0.6%, to 16, 530.94. Among the winners within the index were UnitedHealth Group Inc. and Johnson & Johnson, whose shares increased by 3.1% to $76.51 and 2.12% to $ 94.29, respectively, after both companies’ ratings were raised.

 

The technological Nasdaq Composite gained 39.50 points, or 1%, rising to 4,153.18, with the Nasdaq Biotech Index (NBI) advancing by 1.4%.

 

Looking further in the day, the focus will be on Germany’s Factory Orders (MoM and YoY) for November and the Fed’s meeting minutes.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary – European and US stock markets, 12 December 2013

Daily commentary - European and US stock markets, 12 December 2013
Daily commentary - European and US stock markets, 12 December 2013
European markets

The European markets also caught the red wave which extended to a third day of declines this morning. Germany’s DAX30 was down 0.41% to 9,040.43, the UK’s FTSE100 was declining by 0.57% to 6,470.69, while France’s CAC40 was hesitant in its chart performance, changing between red and green at the time of writing. Germany’s Deutsche Post AG, the world’s largest courier company, was the top gainer in the DAX30, going up by 0.93% while the UK’s largest listed water company, United Utilities, was the best performer in the FTSE100, increasing by 0.85% at the time of writing. The European Aeronautic Defence and Space Company, which manufactures airplanes and military equipment, was the top climber in the CAC40, edging up by 1.12% at the time of writing.

dax30

 

US markets

US stock markets fell sharply, reporting one of their worst performances in recent months. This happened after the budget deal sparked speculations that the Fed will start reducing the quantitative easing programme soon.

Republicans and Democrats reached a compromise on the budget, which is one obstacle less in order for the Fed to cut its stimulus programme. In short, the deal calls for a $23 billion deficit reduction and $63 billion in sequester relief. Thus lawmakers have avoided another potential government shutdown on 15 January, as the proposal would fund the government for the next two fiscal years.

The combined effect of the US budget agreement and last week’s unexpectedly upbeat labour data indicated a certain amount of stability and optimism for the US economy. That is why many economists foresee if the Fed’s tapering doesn’t start on 17-18 December, then this will happen at the Fed’s next meeting; and thus asset-purchase programme’s future will remain the main focus for investors in the coming days.

The S&P500 closed the session with a decline by 20.40 points, or 1.1%, to end at 1,782.22, marking its weakest performance since August.

s&p500

The Dow also fell, albeit with a modest 0.8%, or 129.60 points, to 15,843.53, reporting its third consecutive session on red territory.

The technological Nasdaq did not fare much better and also ended on negative territory, wiping 56.68 points, or 1.4%, to close at 4,003.81 points.

Looking further in the day, US Export and Import Price Indices for November are due for release, along with the country’s Initial Jobless Claims and Retail Sales for November. 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

 

Daily commentary – European and US stock markets: 5 December 2013

DF-Markets_stock_marketEuropean markets

This morning European stock markets opened with a little change from their previous sessions of losses. Investors will be following very closely the two main events on the European economic scene today: the monetary policy decisions from both the European Central Bank and the Bank of England as market makers will be looking for more direction. The UK’s FTSE100 was down 0.07% to 6,505.32, France’s CAC40 was falling by 0.04% to 4,146.70, while Germany’s DAX30 was the only one on positive territory, rising by 0.05% to 9,146.48 at the time of writing.

DAX30

German chemical and pharmaceutical company Merck KGaA was the top earner in the DAX30; gaining 2.96% to €128.550, while multinational software company SAP AG was the worst performer within the index, falling by 0.80% to €59.490 at the time of writing. French multinational telecommunications company Orange SA was again performing well, being the top earner in the CAC40 with an increase by 2.13% to € 9.4980 this morning. The FTSE’s “brightest star” today is UK-based diversified metals and mining company Vedanta Resources Plc., whose shares were up 2.48% to 867.000 p at the time of writing.

 

US markets

US stock markets headed down again, reporting yet another unconvincing performance in the last few sessions. The fall was also triggered by a release of mixed US macroeconomic data which left investors with controversial feelings about the future of the Fed’s quantitative easing programme.

The release of the so-called Fed’s “Beige Book”, which is the central bank’s assessment of the current economic state, caused one of the biggest impacts in the US market movement.

The report revealed a predominantly positive outlook of the US economy, with most attention paid to the country’s GDP, which, according to central bankers, will keep its current pace, with expectations for the next year being for a 2.4% growth.

However, the ISM (Institute for Supply Management) published a slowing growth in the Non-Manufacturing PMI in November, which dampened the market mood a bit. The index which reflects the behaviour of companies in the service sector fell to 53.9 points in November, from 55.4 points in October.

The S&P500 ended the session with a decline, albeit minimal, of 2.34 points, or 0.1%, to close at 1,792.81 points, marking its fourth consecutive session on a negative territory.

S&P500

The Dow also closed the session with a fall, after wiping 24.85 points, or 0.2%, off its value, ending the session at 15,889.77 points, also extending to a fourth day of losses.

The Nasdaq was the only benchmark to differ as it closed on positive territory, adding the modest 0.80 points, or less than 0.1%, to close at 4,038.12.

Investors are paying very close attention to Apple’s performance in recent days, as the tech giant’s shares rose by more than $15, or 3%, to close at $566.32 in the last two sessions, reaching their highest price in one year.

 

Today is already shaping up as a busy day as the economic calendar has a lot on its plate. Main events, apart from the Bank of England and the European Central Bank interest rate decisions, include the UK’s Asset Purchase Facility, the preliminary release of the US GDP for Q3, along with the country’s Initial Jobless Claims, Factory Orders for October, and Personal Consumption Expenditures Prices for Q3.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

 

Daily commentary – European and US stock markets 27 November 2013

Daily commentary - European and US stock markets 27 November
Daily commentary – European and US stock markets 27 November

European markets

European stock markets opened higher this morning, supported further by positive German Consumer Confidence data which revealed an increase to 7.4, opposite forecasts for the same figure as last month’s result. Germany’s DAX30 was up by 0.22% to 9,310.02, France’s CAC40 was gaining 0.13% to 4,283.07, while the UK’s FTSE100 was climbing by 0.17% to 6,647.78 at 10:00 GMT. German mail delivery operator Deutsche Post AG, along with building materials company HeidelbergCement AG, were  the top earners in the DAX30, gaining 1.63% and 1,76%, respectively, at the time of writing. France’s mass media and telecommunications company Vivendi SA was the biggest gainer in the CAC40: by 1.75%, while hotel group Accor SA was the worst performer within the index, being down by 3.58%. The UK’s FTSE100 notable mover this morning was contract food service company Compass Group PLC, whose shares were up by 3.73% to 961.00p.

 DAX30

US stock markets

US stock indices have been making history in the past two weeks, with both the Dow and the S&P500 reaching milestone levels for the first time: above 16,000 and 1,800, respectively. During yesterday’s session, the Nasdaq Compsoite also joined the record-breaking club and closed above the 4,000 barrier for the first time in 13 years.

The Dow and the S&P500 registered minimal chart movements, as mixed data from the US failed to give them a boost, and the broader S&P500 ended at the foot of its record level.

A report released by the US Census Bureau showed that the building permits for new housing in the country has reached 1.03 million in October, or 60,000 more than the previous month, marking the highest level since 2008. Analysts’ forecasts were for a decrease to 930,000.

However, a separate report dampened the good news on building Permits, as it revealed that the US Consumer Confidence for November has dropped unexpectedly to a 7-month low. The index fell to 70.4, compared to a result of 72.4 in the previous month, indicating that Americans look more pessimistically upon the economic growth opportunities. Analysts’ expectations were for figures close to those in October, around 72.9.

The S&P500 gained an absolute minimum, or less than 1 point, to close at 1,802.75, after reporting an increase by 0.3% during the intraday trading. Three out of the ten industries within the index registered increases, with top performers being the technology companies, which added over 0.4%.

S&P500

The Dow also ended the session without a significant change at 16,072.80 points. The technological Nasdaq Composite increased by 0.6% to 4,017.745 points: its highest closing level since September 2000. The index has gained 261% since reaching its bottom in October 2002, when it sank to 1,114.11 points.

Among the winners in yesterday’s trading was Apple Inc., whose shares rose 1.8% to $533.40, reaching its highest level since January. Analysts commented that the launch of iPhone sales from China Mobile will boost the company’s profits for 2014. Tiffany & Co. also reported an increase, as it climbed by the impressive 8.7% to the record $88.02 per share; this is the largest rise in the S&P500 for the session.

 

Looking further in the day, US Durable Goods Orders for October, along with the country’s Initial Jobless Claims, are set to capture investors’ attention. As for the week, US stock market trading is expected to be below the usual volumes this week due to the Thanksgiving holiday tomorrow. On the last Friday of November, also known as Black Friday, stock markets will be with limited working hours. Black Friday is the unofficial start of the holiday shopping season in the US.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages

Daily commentary – European and US stock markets

Daily commentary – European and US stock markets
Daily commentary – European and US stock markets
European markets

European stock markets opened lower this morning, ending their five-year high which was reached yesterday when the Stoxx Europe 600 index rose to its highest level since May 2008. Investors are also anticipating ECB President Mario Draghi’s speech on Thursday for more direction of the bank’s outlook on the economic situation.

Germany’s DAX30 was down 0.40% to 9,188.69, UK’s FTSE100 was falling by 0.55% to 6,686.54, while France’s CAC40 was slipping by 0.96% to 4,279.14 at the time of writing.  EasyJet Plc. was among the best performers in the FTSE100, gaining 6.29% to 1,335.00 p at the time of writing, while the German semiconductor manufacturer Infineon Technologies AG was the top DAX30 earner, increasing by 1.14% to €7.13. Renault SA was the only company on the green side of the charts in CAC40 this morning, rising by 0.94% to €63.0700.

 dax30

US markets

After a strong rally at the end of last week, caused by White House favourite for Fed Chairman Janet Yellen’s support for the QE, US stocks started the new week a bit unconvincingly, ending Monday’s session in opposite directions. The Dow and the S&P500 touched milestone levels for the first time, crossing the 16,000 and 1,800 borders, respectively; however, both indices lost ground and closed lower.

Trading opened with confidence, but investors’ optimism was dashed by the report on the housing sector. Data was not very disappointing: a 54-point growth, just 2 points below analysts’ expectations. Investors, though, are used to getting strong support from the sector’s performance and unstable results usually have a negative effect.

The S&P500 declined by 0.37%, or 6.65 points, to close at 1 791.53, while during the session, the index peaked above the psychological 1,800 mark for the first time, but failed to sustain it.

s&p500

The Dow was the only index to end trading with an increase in value, adding 14.32 points, or the modest 0.09%, to 15,976.02 points, still marking another historic high for this year. The blue-chip index also climbed, albeit briefly above the 16,000 level for the first time.

The technological Nasdaq ended trading on negative territory, wiping 36.90 points, or less than 1% off its value, to close 3,949.07.

One of the worst performers was Tesla Motors, as the company’s shares plunged by more than 10% to $121.49 per share after several workers were injured in a work accident in one of the company’s factories in California. Fresh stock market member Twitter Inc. also experienced a decline, with shares falling by 6.5% to $41.14 on concerns over the company’s growth potential.

On the winning side of the charts was Boeing Co. (BA.N), whose shares increased by 1.7% to $138.36.

 

Looking further in the day, not much is schedule to be announced, apart from Japan’s Exports and Imports for October (YoY). However, Fed’s Bernanke speech and the FOMC minutes tomorrow are expected to cause more action on the markets; the Bank of England Minutes and the US Retail Sales are some of the other events which will be closely followed as well.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

Daily commentary – European and US stock markets

Daily commentary – European and US stock markets
Daily commentary – European and US stock markets

 European markets

European indices opened higher on Wednesday, supported by upbeat quarterly earnings, as they rebound from yesterday’s session. Among the high flyers this morning were ING Groep NV, whose shares were up by 4.93%, following strong net income results which surpassed projections. German semiconductor manufacturer Infineon Technologies AG was leading the earnings on the DAX30, gaining 1.41% at the time of writing. Meanwhile, French multinational company Alstom SA, which is a big player on the power generation and the rail transport markets, was the top performer in the CAC40, climbing by 4.04%. At the time of writing, France’s CAC40 was up by 0.77% to 4,286.38, Germany’s DAX30 was gaining 0.36% to 9,041.23, while the UK’s FTSE100 was increasing by 0.09% to 6,752.62.

 cac40

US markets

During yesterday’s session the major US indices fell after “enjoying” two consecutive days of growth. Investors will be fully focused on the highly anticipated news on the US GDP and employment rate, due for release in the next two days.

Economic data from the US is closely followed by market makers as the results give a clear sign whether the Fed will reduce or keep its stimulus programme. That is why upbeat figures do not always create the expected positive effect on the markets. The $85billion-per-month asset-purchase programme will continue until the US economy shows that it is strong enough to grow without additional help.

The broad S&P500 lost 0.3% of its value, closing at 1,762.97, with eight out of the ten industries declining: while  both telecommunications and energy companies sank by more than 0.8%. During the session, the benchmark reached a daily peak at 1,771, or just 5 points below a new record.

The Dow Industrial fell by 20.90 points, or 0.1%, to 15,618.22, with the worst performers being Verizon Communications Inc., which erased 1.9% off its value, and AT&T, going down 2.5%.

Meanwhile, the technological Nasdaq100 took an opposite chart direction and ended gaining 4.08 points, or 0.12%, to 3,388.82. 

s&p500

The US earnings season is already drawing to an end and so far 404 S&P500 companies have published their results, with 75% of them exceeding profits forecasts. Among corporations that experienced a serious decline in share prices in Q3 so far is Delphi Automotive Plc., which lost 5.2% to $55.01 per share. Tenet Healthcare Corp. also wiped 8.8% off its value, reaching $44 per share and reporting the biggest decline in the S&P500 as its Q3 report missed experts’ expectations.

 

Looking further in the day, some of the companies that are due to publish their financial results are Whole Foods Market Inc., Activision Blizzard Inc., Qualcomm Inc., and Time Warner Inc., which is the only one to release its quarterly earnings before the start of the US session today. Analysts have forecasted a net income of $835.2 million, with an expected revenue of $6.94 billion compared to actual results from last year: $838 million net income and 6.84 billion revenue.

On the economic calendar scene, there is not much happening today, however, investors are strongly focused on the European Central Bank interest rate decision due tomorrow and the US Non-farm payrolls set for Friday.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

Daily commentary – European and US stock markets

Daily commentary – European and US stock markets
Daily commentary – European and US stock markets
European markets

European stocks opened higher this morning, supported by better-than-expected quarterly results of several companies. The UK’s FTSE100 was up 0.64% to 6,818.83, France’s CAC40 rose 0.74% to 4,309.28, while Germany’s DAX30 climbed 0.50% to 9,050.59 at the time of writing. Several companies’ quarterly reports beat analysts’ expectations and in turn their share prices increased, starting with Europe’s largest carmaker Volkswagen, whose shares rose by 4% to €181.80. UK clothing retailer Next Plc. was also rising strongly by about 5% at the time of writing, to 5,460.91p. One of the top CAC40 gainers was French electricity provider Electricite de France SA (EDF), whose shares were climbing by 0.98% €26.2050 at the time of writing.

 dax30

US markets

Major US indices advanced in the latest session, despite a bit disappointing macroeconomic data. The S&P500 managed to reach a new record, strengthening its good performance in recent days. As the highly-anticipated Fed meeting started yesterday, investors turned their attention on its outcome which is due to be announced today.

Meanwhile, some important economic results were announced, which revealed that the Retail Sales for September fell to -0.1%, opposite experts’ expectations for a 0.1% rise. Another report showed the Producer Price Index dropping to -0.1% and 0.3%, MoM and YoY, respectively. US Consumer Confidence for October also registered a drop, falling sharply from 80.2 the previous month to 71.2 points.

 

The S&P500 gained 0.6%, or 9.84 points, to end at 1,771.95, marking its 33rd record closing this year. The best performing industry within the benchmark was the telecommunications sector while the utility sector was the worst performer.

The Nasdaq100 rose by 0.3%, or 12.21 points, to close at 3,952.34, with trading being halted for about an hour because of an error.

 nasdaq100

The Dow rose by 0.7%, advancing by 111.42 points to a fresh historical peak at 15,680.35, with 24 of the 30 companies within the benchmark recording increases. One of the highest earners was IBM Corp, whose shares climbed by 2.7%. Pfizer Inc. shares also registered a rise, adding 1.7% to reach $31.26 per share as the pharmaceutical company reported better quarterly earnings, compared to analysts’ expectations.

On the losing side of the charts was Caterpillar Inc. whose shares declined by 0.3%.

Looking further in the day, the Fed is due to announce its interest rate decision along with its outlook on tapering the asset-buying programme. Other news include the Reserve Bank of New Zealand interest rate decision and Japan’s JMMA Manufacturing Purchasing Manager Index (Oct).

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

Daily commentary – European and US stock markets

 

Daily commentary - European and US markets
Daily commentary – European and US markets

 

European markets

 European indices opened mostly lower on Wednesday, ending their longest stretch of gains in more than 3 years. At the time of writing the German DAX30 was down 0.43% to 8,907.99, France’s CAC30 was falling by 0.68% to 4,266.88, while the UK’s FTSE100 was losing 0.42% to 6,670.96. Among the bad performers this morning is French-Italian chip maker STMicroelectronicsNV, whose shares were down 6.62% to €5.95 after disappointing third-quarter results. Another company on the losing end is French multinational telecommunications corporation Orange S.A., whose shares were down 2.5% to €10.39.

 cac40

US markets

Wall Street ended the session with increases, with the S&P500 reaching a fresh record-high, after the US Department of Labor published its much-anticipated and shutdown-delayed results on the unemployment rate and Non-Farms Payrolls. Disappointing data increased speculations that the Fed will continue with its stimulus measures, maintaining the current pace of $85 billion–a-month asset-buying. The report revealed 148K news jobs were created, well below analysts’ forecast for a 180K rise. However, the same report also showed the unemployment rate dropping to 7.2% from 7.3% for the previous month, thus reaching its lowest level since 2008.

The US labour market strength will depend largely on how quickly the world’s biggest economy will recover the losses caused by the partial government shutdown. The lengthy disputes over the budget will affect the fourth quarter growth and will likely press the Fed to postpone the reduction of the asset-buying programme. Analysts commented that it is unlikely for the Fed to cut the QE earlier than March 2014.

The technological Nasdaq closed with a modest gain of 9.52 points, or 0.2% higher at 3,929.57, after having a highly volatile trading day which saw the benchmark erasing most of its gains, after two of its major companies, one being Netflix Inc., reported steep declines.

The S&P500 climbed 0.6% to 1,754.67, marking a new intraday peak, with 9 of its 10 groups increasing their value. So far, on an annual basis, the benchmark has gained 23% and needs only 0.5% more in order to register its biggest yearly profit since 2003.

sandp500

The Dow added 75.46 points, or 0.5%, to 15,467.66, marking its highest closing level for this month.

The earnings season is in its peak, and so far 138 companies have published their financial statements, with 72% of them reporting better than expected profits, while 52% have exceeded analysts’ sales forecasts.

Among the wining companies during yesterday’s trading was VMware Inc., whose shares increased by 2.8% to $85 per share, supported by a strong earnings report, which revealed a 14% rise in profits to $1.29 billion.

Meanwhile, Netflix Inc. shares were subjected to big sell-offs at the end of the session, after analysts questioned the company’s earnings figures for Q3. Following these speculations, its shares plummeted by 9.2% to $322.52, erasing earlier gains of 9.6%, which were boosted by their financial report.

 

Looking further in the day, the economic calendar has to offer the US Import and Export Price Indexes (YoY and MoM) along with the country’s Housing Price Index for August, the Preliminary release of the Eurozone Consumer Confidence for October, and the New Zealand Trade Balance for September.

Outside the economic calendar, some major companies are due to publish their financial results today. These include Boeing Co., Caterpillar Inc., US Airways Group Inc., WellPoint Inc., and  AT&T Inc. The first four of them will reveal their results before the opening bell, while AT&T will publish them after the end of the regular US session.

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.

 

US stock markets jump as budget deal is finally reached

US stock markets jump as budget deal is finally reached; European and Asian indices are mixed
US stock markets jump as budget deal is finally reached; European and Asian indices are mixed

US markets

After weeks of heated tension and debates, which have kept global markets alert, the US Congress finally reached a deal over the country’s budget before the deadline today, thus ending the government partial shutdown. Despite the turmoil, financial markets were not that impressed this time as such pattern of last-minute government deals has become quite common. The ratification was passed with 81-18 votes in the Democratic-controlled Senate and 285-144 in the Republican-led House with all federal employees who were on a forced work leave to be back to their duties on Thursday.

The agreed deal will extend the funding for federal agencies until January 15th and allow the government to continue paying its debts, salaries and benefits until February 7th.

Following the news, Wall Street jumped with all leading indices reporting increases. The S&P500 climbed by 23 points to 1,721, the Dow  increased by 206 points to end the session at 15,374 points while the Nasdaq rose by 45 points to 3,839.

sandp500

Now as the disarray in Washington has settled, although with a short-term solution, markets are quickly turning their attention to the ongoing US earnings season. Among companies that are expected to announce their financial statements for Q3 today are Goldman Sachs, Philip Morris, Taiwan Semiconductor, UnitedHealth, Verizon, Union Pacific, and Blackstone.  Later in the day, investors will focus on the results from Google, Chipotle, Las Vegas Sands and Capital One.

 

European markets

Despite the last-minute US budget deal, European indices opened lower on Thursday, ending a five-day rise as they reflected concerns from the lack of a longer-term solution in Washington. At the time of writing Germany’s DAX30 was falling by 0.59% to 8,793.77, France’s CAC30 was down 0.69% to 4,214.92 while UK’s FTSE100 was declining by 0.39% to 6,546.27.

cac40

Among specific chart movers is FTSE100 listed SABMiller Plc whose shares were up 4.18% this morning while chemical company LANXESS AG was the best performer in DAX30 at the time of writing, being up by 1.32%.

 

Asian markets

Asia-Pacific indices ended trading on Thursday mixed amid the US budget deal with Hong Kong’s Hang Seng being down 0.10%, Australia’s ASX/200 Index closing up 0.38% and Japan’s Nikkei 225 rising by 0.83%.

nikkei225

Looking further in the day, the economic calendar scene appears to be quite modest in terms of events with main highlights being US Initial Jobless Claims and Philadelphia Fed Manufacturing Survey for October, an index which is measuring the production conditions within the Federal Reserve Bank of Philadelphia.

 

 

Source: dfmarkets.co.uk

 

Disclaimer: The Content of these charts and analyses does not constitute any form of advice or recommendation by Delta Financial Markets to buy, sell (or refraining from making) any trade or investment. You may wish to seek independent advice before entering into transactions.

Delta Financial Markets shall not be held liable by you or any others for any decision made or action taken by you or others based upon reliance on or use of information or materials obtained or accessed through use of these technical analyses and charts. DF Markets assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person’s reliance upon the information on this page. DF Markets shall not be liable for any special, indirect, incidental, or consequential damages.