» UK markets closed higher yesterday, led by gains in mining sector stocks, amid optimism over increase in Chinese demand and as Slovakia agreed to pass a new vote to support the expansion of the eurozone bailout fund. Additionally, a call by EC president Jose Manuel Barroso to establish a permanent bailout fund by the middle of 2012, one year ahead of schedule, buoyed market sentiment.
» Among mining stocks, ENRC, the top gainer on the FTSE 100 index, surged 7.4%, on news that the company’s customers have agreed to hold ferrochrome prices for the fourth-quarter.
» Among banking stocks, Royal Bank of Scotland and Barclays climbed 2.0% and 6.4%, respectively, as Society Generale issued an upbeat note on UK banks.
» Insurer, Aviva gained 5.6%, as Numis initiated coverage on the stock with a “Buy” rating.
» Burberry climbed 3.5%, after it reported fiscal second-quarter sales that surpassed market expectations.
» FTSE 100 gained 0.9% to 5,441.8, while FTSE 250 rose 1.6% to 10,320.0.
Where to Spread Bet on UK Shares
FTSE 100 Shares
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Spread betting markets on European Shares may also be available through other companies. Notes.
US Shares News - 13 Oct 11
» US markets closed higher yesterday, after Slovakian policymakers agreed to another vote on expanding the eurozone financial rescue fund, and as the Federal Reserve minutes indicated that some officials wanted to keep the option of further asset purchases open.
» PepsiCo advanced 2.9%, after it reported third-quarter earnings that surpassed market expectations.
» Among financial stocks, JP Morgan Chase rose 2.8%, ahead of its third-quarter earnings, while Bank of America, American Express and Citigroup gained between 2.8% and 4.9%, amid optimism that Europe would contain the debt crisis.
» Apparel maker, Liz Claiborne rallied 34.1%, after it agreed to dispose-of its major brands to J.C. Penney.
» Sprint Nextel climbed 7.6%, amid optimism that it would be able to raise required capital for the roll-out of its fourth-generation services without issuing new equity.
» DJIA gained 0.9% to 11,518.8. NASDAQ climbed 0.8% to 2,604.7. S&P 500 rose 1.0% to 1,207.3.
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 - 13 Oct 11
» Asian markets are trading higher this morning, tracking overnight gains on Wall Street, and amid optimism that policy makers in Europe and the US would prevent the global economy from sliding into a recession.
» In Japan, bank Mitsubishi UFJ traded higher, after the EC President, Jose Barroso, laid out a plan to recapitalize European banks.
» Honda Motor and Nintendo paced gains, after the Federal Reserve minutes showed that some officials wanted to keep the option of further asset purchases open.
» Elpida Memory gained values, after their European peer, ASML Holding, reported a rise in 3Q earnings.
» In Hong Kong, banking stocks, Bank of China and Hang Seng Bank traded higher.
» In South Korea, automakers, Mazda Motor, Kia Motors and Hyundai Motor, paced gains, on optimistic news from Europe.
» Nikkei 225 index is trading 1.0% higher, at 8,830.3. Hang Seng index is trading 1.5% higher at 18,607.6, while the Kospi index is trading 1.3% higher, at 1,832.4.
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'ENRC Top Gainer of FTSE 100 Spreads on Ferrochrome Price Agreement', Article by ETX Capital, last update: 13-Oct-11
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