» UK markets slid modestly on Friday, as continuing concerns over the European debt crisis overshadowed a drop in US unemployment rate.
» International Consolidated Airlines Group, the top laggard on the FTSE 100 index, fell 6.8%, after its third quarter earnings dropped by 31.0%.
» Miner, Anglo American slid 0.8%, following its acquisition of the Oppenheimer family’s 40% stake in De Beers for $5.1 billion.
» Legal & General dropped 2.5%, after Morgan Stanley downgraded its rating on the stock to “Equal Weight” from “Over Weight”.
» Utilities sector stock, SSE lost 3.2%, after JP Morgan recommended it as a “Sell”.
» Inmarsat lost 3.2% amid heightened political and regulatory pressure on its customer, Lightsquared.
» Smith & Nephew dropped 1.4%, following a slight drop in its third-quarter profit.
» FTSE 100 edged down 0.3% to close at 5,527.2. FTSE 250 inched lower 0.2% to settle at 10,387.8.
Where to Spread Bet on UK Shares
FTSE 100 Shares
FTSE 250 Shares
Spread betting markets on European Shares may also be available through other companies. Notes.
US Shares News - 07 Nov 11
» US markets closed lower on Friday, as investors remained wary about the European debt crisis, shrugging off a small fall in the US unemployment rate, ahead of the key confidence vote in Greece.
» Bank of America tumbled 6.1%, and emerged as the top loser on the DJIA index. This came after it disclosed its plan of exchanging 400 million shares and $3 billion of senior notes with a total of $6 billion of common shares and debt, igniting fears of dilution among existing shareholders.
» Chesapeake Energy, the top laggard on the S&P 500 index, declined 6.8%, following a $2.44 billion agreement to sell a 25.0% stake in part of its Utica Shale field.
» AIG shed 2.9%, after posting its biggest quarterly loss since 2009.
» AMD slipped 1.1%, following its decision to cut 10% of its workforce worldwide.
» Trident Microsystems, the top loser on the NASDAQ, plunged 59.8%, after its third quarter loss widened.
» DJIA slid 0.5% to 11,983.2. NASDAQ dipped 0.4% to 2,686.2. S&P 500 lost 0.6% to 1,253.2.
Where to Spread Bet on US Shares
Wall Street Shares
S+P 500 Shares
Nasdaq 100 Shares
Spread betting markets on US Shares may also be available through other companies. Notes.
Asian Shares News - 07 Nov 11
» Asian markets are trading lower this morning, led by a drop in exporters amid mounting fears about Eurozone debt crisis. This came after Greek Prime Minister George Papandreou agreed to stand down following an aborted plan to hold a national referendum on bailout package.
» In Japan, exporters, Nissan Motor, Fujifilm Holdings and Casio Computer lost values as the yen appreciated against the dollar.
» Drug maker, Takeda Pharmaceutical paced lower, after the company reported a drop in its first-half net profit.
» In Hong Kong, cement stocks, Anhui Conch Cement and Huaxin Cement traded lower, amid valuation concerns.
» Homebuilders, China Vanke and Gemdale retreated, following report that China won’t roll back property market curbs which would allow companies to raise property prices.
» In South Korea, exporters, Samsung Electronics and Kia Motors traded lower, amid concerns about future demand.
» Nikkei 225 index is trading 0.5% lower, at 8,759.8. Hang Seng index is trading 0.2% lower at 19,831.1, while the Kospi index is trading 0.5% lower, at 1,919.1.
Spread Betting Markets
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'Bank of America Top Loser on Dow Jones Spreads on Share Exchange Plan', Article by ETX Capital, last update: 7-Nov-11
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