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08/03/10
|
FTSE 100 |
5599.76, +72.6 |
Dow |
10566.20, +122.06 |
|
FTSE 250 |
9774.72, +109.43 |
Nasdaq |
2326.35, +34.04 |
|
FTSE All Share |
2861.06, +36.36 |
S&P 500 |
1138.69, +15.72 |
|
Nikkei |
10585.92, +216.96 |
Hang Seng |
21196.87, +408.90 |
|
Oil (Crude) |
$81.50, +$1.29 |
Gold |
$1135.20, +$2.10 |
|
Base Rate |
0.5% |
10 Yr Gilt |
4.07% |
|
£/$ |
1.519 |
Euro/Gbp |
0.9 | Markets
US stocks surged higher on Friday following continued signs that the pace of job cuts is slowing. The government report showed that employers cut a net total of 36,000 jobs last month, while expectations had been for 68,000. The Dow Jones jumped 122.06 points to 10,566.20, the S&P 500 gained 15.72 points to 1,138.69 and the Nasdaq rallied 34.04 points to 2,326.35. Gains were broad based with American Express and Boeing leading the Dow higher following the jobs report. Alcoa followed close behind as metal prices increased. Elsewhere, Apple drove the Nasdaq higher after announcing that it would release its much-awaited iPad computer on April 3rd.
The Nikkei rallied 216.96 points to 10,585.92 this morning, its highest level in six weeks. Nissan Motor was among the top performers after the yen fell against the euro to its lowest in two weeks. Mitsubishi Corp gained 2.6% after oil and metals prices climbed. The Hang Seng jumped 408.90 points to 21,196.87.
The FTSE 100 climbed 72.6 points higher to 5,599.76 on Friday. Investors cheered the jobs data from the US, sending the index its highest level since September 2008. Xstrata led miners higher, advancing 5.6%, while Rio Tinto rose 2.7%. Prudential gained 1.4% after saying 30 additional lenders had agreed to underwrite the $20 billion rights offer to fund its purchase of AIG’s Asian unit. This morning the FTSE has risen 5.28 points to 5,605.04 after French President Nicolas Sarkozy said the euro region is ready to rescue Greece should the government struggle to fund its budget deficit. Petrofac leads the risers board after pleasing investors with its full year results. Higher metal prices push miners higher.
Economics
No major economic data to report.
The details published in this e-mail are intended for information only and should not be construed as advice under the Financial Services and Markets Act 2000. Aventus Capital Management will not accept responsibility for any actions taken (or not taken) on the basis of information published in this e-mail. Aventus Capital Management is a trading name of Rickerbys LLP (OC328675) registered in England and Wales, registered office Ellenborough House, Wellington Street, Cheltenham GL50 1YD. A list of the Members of Rickerbys LLP will be provided on request or can be inspected at this address. Aventus is a trade mark and the “A” logo is a registered trade mark of Rickerbys LLP. Rickerbys LLP is regulated by the Solicitors Regulation Authority. Authorised and regulated by the Financial Services Authority.
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