Mining Spreads Jump Amid Record Copper Imports from China

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Mining Spreads Jump Amid Record Copper Imports from China

Mining Spreads Jump Amid Record Copper Imports from China

Daily share trading news with a look at the factors affecting the stocks and shares of the largest US, Asian and UK firms:
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UK Shares News - 11 Jan 12

» UK markets ended higher yesterday, after China posted a higher-than-expected trade surplus and as Fitch reiterated that it was not mulling to cut France’s AAA debt rating in 2012.

» Among energy stocks, Cairn Energy gained 3.3%, after it provided details of a planned $3.5 billion payout to shareholders following the sale of a majority stake in its Indian business to Vedanta Resources.

» Kazakhmys, Vedanta Resources and Antofagasta jumped between 5.0% and 5.9%, after data indicated that China’s imports of copper touched a record high in December.

» Precious metal miners, Randgold Resources and Fresnillo advanced 4.6% and 5.7%, respectively, led by a surge in gold and silver prices.

» Royal Bank of Scotland and Barclays logged gains of 5.3% and 5.7%, respectively, amid improvement in investors’ sentiment.

» Aviva added 2.7%, amid speculation of receiving a takeover bid from Chinese insurer Ping An.

» FTSE 100 surged 1.5% to close at 5,696.7, while FTSE 250 climbed 0.9% to end at 10,347.7.



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FTSE 250 Shares Financial Spreads: FTSE 250 Shares Markets? ETXCapital: FTSE 250 Shares Markets? IG Index: FTSE 250 Shares Markets? Capital Spreads: FTSE 250 Shares Markets? GFT: FTSE 250 Shares Markets? City Index: FTSE 250 Shares Markets?
Spread betting markets on European Shares may also be available through other companies. Notes.


US Shares News - 11 Jan 12

» US markets closed higher yesterday, as a solid start to the earning season lifted market sentiment. Additionally, China’s wider-than-expected trade surplus in December added to the momentum, raising expectations for monetary easing in China.

» Bank of America, Goldman Sachs and Morgan Stanley climbed between 2.1% and 5.7%, after Fitch Rating Services stated that it does not plan to downgrade France’s triple-A rating in 2012.

» Caterpillar and FedEx rallied 2.9% and 3.1%, respectively, amid easing worries over economic growth.

» Automotive parts maker, BorgWarne surged 12.3%, and emerged as the top riser on the S&P 500 index, as it provided upbeat earnings guidance for 2012.

» Audio products maker, VOXX International soared 20.6%, after its third-quarter results surpassed market expectations.

» Life Technologies Corporation added 8.3%, after it unveiled a DNA reading product.

» DJIA climbed 0.6% to close at 12,462.5. NASDAQ added 1.0% to end at 2,702.5. S&P 500 rose 0.9% to settle at 1,292.1.



Where to Spread Bet on US Shares

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Wall Street Shares Financial Spreads: Wall Street Shares Markets? ETXCapital: Wall Street Shares Markets? IG Index: Wall Street Shares Markets? Capital Spreads: Wall Street Shares Markets? GFT: Wall Street Shares Markets? City Index: Wall Street Shares Markets?
S+P 500 Shares Financial Spreads: S+P 500 Shares Markets? ETXCapital: S+P 500 Shares Markets? IG Index: S+P 500 Shares Markets? Capital Spreads: S+P 500 Shares Markets? GFT: S+P 500 Shares Markets? City Index: S+P 500 Shares Markets?
Nasdaq 100 Shares Financial Spreads: Nasdaq 100 Shares Markets? ETXCapital: Nasdaq 100 Shares Markets? IG Index: Nasdaq 100 Shares Markets? Capital Spreads: Nasdaq 100 Shares Markets? GFT: Nasdaq 100 Shares Markets? City Index: Nasdaq 100 Shares Markets?
Spread betting markets on US Shares may also be available through other companies. Notes.


Asian Shares News - 11 Jan 12

» Asian markets are trading mostly higher this morning, taking cues from overnight gains on Wall Street, after data showed that confidence among US small businesses rose for a fourth month, and US employers added more workers in November.

» In Japan, financial stock, Sumitomo Mitsui Financial Group, Daiwa Securities Group and Nomura Holdings traded higher, tracking overnight gains in their US peers.

» In Hong Kong, Angang Steel and Baoshan Iron & Steel paced higher after a broker upgraded the sector to “Overweight”.

» Angang Steel also gained value after a broker named the firm its top Chinese steel pick.

» In South Korea, energy stocks, SK innovation and S-oil paced lower in line with a fall in crude oil prices.

» Nikkei 225 index is trading 0.2% higher, at 8,438.2. Hang Seng index is trading 0.1% higher at 19020.8, while the Kospi index is trading 0.2% lower at 1,849.5.




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'Mining Spreads Jump Amid Record Copper Imports from China', Article by ETX Capital, last update: 11-Jan-12



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