20/10/2010

le POINT A 14H15...

Libellé Dernier Var.
EUR/USD 1.3865 0.90%
Euribor 1 an 1.506 0.47%
Gold Index 1340.50 0.62%
Pétrole (New York) 80.79 0.79%

 

AMERICAN MARKETS OUTLOOK: Stocks are expected to open in positive territory amid some bargain-buying following Tuesday's sharp losses.

Earnings from Morgan Stanley and Wells Fargo, due before the opening bell, will focus investors' attention, although China's surprise interest rate hike Tuesday is keeping traders from adding risky assets to their portfolios, despite the weaker dollar.

"Unless Morgan Stanley and Fargo Wells come out with unexpected earnings, their impact will be limited", said Joshua Raymond of City Index, London.

"At the moment, expectations have been brought closer to reality. For the last two quarters earnings exceeded expectations as expectations were lower, but this time they're higher. There are some decent earnings out there, but not enough to charge stocks significantly higher", Raymond added.

At 1057 GMT, S&P 500 futures were up 5.75 points at 1169.55, Nasdaq 100 futures were up 11.88 points at 2069.38 and Dow industrial futures were up 46.50 points at 10975.50.

EUROPEAN MARKETS: The Euro Stoxx 50 index was up 0.1% at 2841.37 at 1035 GMT, nudging just a touch higher as basic resources advance following heavy losses in the previous session. The Stoxx Europe 600 index for the sector is up 1%. Stocks fail to make much headway, however, with traders citing caution ahead of some big earnings reports in the US. "We have earnings from Morgan Stanley and Wells Fargo in our sights before lunch and this is likely to play a hand in how European equity markets trade towards the close," said City Index.

FTSE 100 was 0.1% higher at 5710.4 at 1035 GMT, nudging up into positive territory. Much of the upside is coming from the healthcare and mining sectors. Mining shares are higher overall as investors pick them up off lows and as base metals rise following Tuesday's pull-back. Investors are still mulling over the MPC meeting minutes, looking for signs that the U.K. is moving toward further quantitative easing. The market is awaiting the U.K. Comprehensive Spending Review at 1130 GMT.

The dollar pulled back slightly in European trading Wednesday, as investors trimmed some of the positive dollar bets they placed in the immediate aftermath of China's surprise rate rises.

At 1031 GMT, the dollar was down at Y81.22, the euro was up at 1.3830 after printing a fresh two-week low of $1.3697 and the pound was also higher at $1.5727 after hitting a fresh October low of 1.5649.

At 1032 GMT, December bunds were up 0.04 at 130.27, while December gilts were also 0.32 higher at 124.39.

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TOP STORIES:


BOE MINUTES SHOW POSEN WANTED BOND BUYING INCREASE: The Bank of England edges closer to expanding its bond-buying monetary stimulus program in October after Monetary Policy Member Adam Posen voted to increase it by GBP50 billion, the minutes of the policy meeting show.

UK PSNB TOPS FORECAST AHEAD OF SPENDING REVIEW: The U.K. public sector borrowed a slightly higher than expected GBP16.2 billion in September, the Office for National Statistics said Wednesday, with central government spending rising sharply on the year.

PEUGEOT-CITROEN LIFTS GUIDANCE ON HIGHER REVENUE: French auto maker Peugeot-Citroen revises upward its FY earnings guidance as it reports a consensus-beating 10% increase in revenue in the third-quarter due to stronger sales in Europe and emerging markets.

BASF UPS OUTLOOK FOR FULL YEAR, WARY ON 2011: BASF, the world's biggest chemicals company, surprises investors by releasing third-quarter details early and lifting its full-year guidance. Still, the German company warns positive development of recent months may not continue at the same pace in 2011.

IMF SAYS EMERGING EUROPEAN NATIONS MUST CUT DEFICITS: Governments in emerging Europe must act quickly to cut their budget deficits, or else risk fiscal crises like Greece's which would inflict severe damage on already weakened banking systems, the International Monetary Fund says.
PENSION STRIKES ESCALATE IN FRANCE: France's air-traffic authority says at least a third of flights to and from the nation's airports will be canceled, as protests against the president's proposed pension overhaul intensify.

SARKOZY ORDERS POLICE TO CLEAR ALL FUEL DEPOTS BLOCKADES: French President Nicolas Sarkozy said Wednesday he has ordered police to clear access to all fuel depots in France after strikes in the refining industry led to widespread fuel shortages.

RUSSIA MAY JOIN WTO IN LESS THAN 12 MONTHS: Russia's 17-year bid to join the World Trade Organization may be successfully completed within a year, an economic adviser to U.S. President Barack Obama says.

BBVA MAY PAY $5B FOR GE'S STAKE IN GARANTI BANK: Spanish lender BBVA is prepared to pay between $4.5 billion and $5 billion for General Electric's 21% stake in Turkey's Garanti Bank if it can have a role in its management, a Turkish daily reports.

IBERDROLA PROFIT RISES AMID HIGHER OUTPUT: Spanish power utility Iberdrola says third-quarter net profit rose 15% to EUR602.4 million, against expectations of around EUR517.1 million, amid a rise in power generation and capacity additions in renewables.

LES INDICES A 14H18..

BEL 20 * 2,666.29 0.14 0.01 %  
AEX 25 * 339.39 0.24 0.07 %  
CAC 40 * 3824.95 17.78 0.47 %  
Euronext 100 * 688.18 1.54 0.22 %  
Next 150 * 1563.70 -2.56 -0.16 %  
DAX 30 6503.93 13.24 0.20 %  
MIB 30 21,365.21 131.73 0.62 %  
IBEX 35 10,388.20 0.00 0.00 %  
SMI 6,479.09 7.13 0.11 %  
SLI 1,002.35 0.40 0.04 %  
SPI 5,749.55 4.39 0.08 %  
FTSE™ 100 5709.67 5.78 0.10 %  
Dow Jones * 10,978.62 0.00 0.00 %  
Nasdaq 100 2,069.73 0.00 0.00 %  
Nasdaq 2,436.95 0.00 0.00 %  
OMX Nordic 40 1,015.63 9.25 0.92 %  
OMX Helsinki 25 2,441.77 14.77 0.61 %  
OMX Stockholm 30 1,093.65 -1.81 -0.17 %  
OMX Copenhagen 20 421.42 12.30 3.01 %  

14:19 Écrit par swingteam-cc | Lien permanent | Commentaires (0) |  Facebook |

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