Senin, 07 April 2008

Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed

Tue, Apr 8 2008, 05:07 GMT
http://www.afxnews.com

LONDON (Thomson Financial) - US SUMMARY: Shares mixed, oil rises

Index Change Percent change

*DJIA 12612.40 +3.00 +0.02

*Nasdaq 2364.83 -6.15 -0.26

*S&P 500 1372.54 +2.14 +0.16

eur-usd 1.5716 +0.0024

Nymex crude

for May 109.09 usd +2.86 dollars

*Monday's close

STOCKS: Stocks started the week with a mixed performance Monday, with many investors moving to the sidelines as they wait for quarterly profit reports.

FOREX: The euro was firmer against the U.S. dollar, but in very rangebound trade as market players stayed on the sidelines ahead of Tuesday's U.S. Federal Reserve minutes and rate decisions in the euro zone and the UK on Thursday.

BONDS: Treasury prices fell in a relatively quiet session as Wall Street digested reports of corporate dealmaking, a bullish sign for the stock market that lessened investors' need for the safety of government bonds.

Investors also seemed to recover from concerns about the job market following Friday's government employment report that showed the biggest monthly decline in jobs in five years.

As of 4:15 p.m. Eastern time, the benchmark 10-year Treasury note fell 22/32 to 99 18/32 with a yield of 3.55 percent, up from 3.47 percent late Friday.

OIL: In oil trading, May futures rose $2.86 to settle at $109.09 a barrel on the Nymex, crude's highest settlement since March 18, as traders shrugged off a slightly weaker dollar and bet that future Fed rate cuts will weaken the greenback.

Oil futures are nearing last month's trading record of $111.80 a barrel after a swoon that twice brought them briefly below $100.

METALS: Gold futures rose sharply after crude oil jumped above $109 a barrel, an inflationary sign that prompted investors to buy the metal as a safe-haven asset. Silver also rose.

Other commodities traded mixed, with copper and heating oil futures rising and agriculture products falling.

Gold for June delivery added $13.60 to settle at $926.80 an ounce on the New York Mercantile Exchange.

Silver for May delivery added 36.5 cents to settle at $18.120 an ounce on the Nymex, while May copper rose 2.5 cents to settle at $3.9795 a pound.

EVENTS:

US Feb housing forecast/pending home sales index

ASIA SUMMARY: Shares, oil lower

Index Change Percent change

Nikkei 225 13298.70 -151.53 -1.13 (0630 GMT)

S&P/ASX 200 5577.80 -47.20 -0.84 (0630 GMT)

Straits Times 3169.07 -12.85 -0.40 (0630 GMT)

Hang Seng 24520.22 -58.54 -0.24 (0630 GMT)

Seoul Composite 1757.16 -16.40 -0.92 (0630 GMT)

BSE Sensex 15704.07 -53.01 -0.34 (0630 GMT)

usd-yen 102.23 -0.19 (0040 GMT)

10-year JGBs 1.335 -0.005 (Intra-day trade)

Brent North Sea

crude (May) 106.98 usd -16 cents (Intra-day trade)

STOCKS: Asian stocks faltered Tuesday, with most regional benchmarks flat or slightly lower following a dull performance on Wall Street at the start

of the first-quarter earnings period.

BONDS: Japanese government bond prices were flat to firmer at the end of the morning session on Tuesday as some investor interest shifted to the

safety of bonds after stocks declined.

FOREX: The U.S. dollar was weaker against major currencies on Tuesday as traders contemplated the future of the U.S. economy as well as the direction

of the euro zone.

OIL: World oil prices were slightly lower in Asian trading on Tuesday after comments by the OPEC cartel and an inflow of investor money helped prices

surge to near-record levels.

METALS: Gold rallied to trade around the $925 mark as investors focused on the weaker dollar and higher oil prices.

At 1652 GMT, spot gold was trading at $924.68 an ounce against $909.80 in late New York trades on Friday. Earlier, the precious metal hit an intraday

high of $927.50.

Copper prices continued to fluctuate near $8,700 as concerns over tight global supplies were offset by a rise in London Metal Exchange monitored

inventories. At 1441 GMT, LME copper for three-month delivery was quoted at $8,652 a tonne against $8,670 at the close Friday, having earlier touched an intraday high of $8,744.

EVENTS:

Bank of Japan starts two-day policy board meeting

Japan's March economy watchers survey

National Australia Bank Q1 business confidence survey

New Zealand Institute of Economics Research Q1 survey of business opinion

Philippines March forex reserves

Hong Kong-listed China Communications Construction FY results

Hong Kong-listed Mengniu Dairy FY results

Hong Kong-listed Shui On Construction FY results

Hong Kong-listed Shun Tak Holdings FY results

Hong Kong-listed China Communications Service FY results

Hong Kong-listed Xingda International FY results

China's CSG Holding Co FY results

China's Sinochem International FY results

Sinopec Shanghai Petrochemical FY results

Sinopec Yizheng Chemical Fibre FY results

Taiwan offer of 100 bln twd, 364-day certificates of deposit

Taiwan's UMC March sales

EUROPE SUMMARY: London shares close at day's high, oil races above $109

Index Change Percent change

*FTSE 6014.76 +67.65 +1.13

*DAX 6821.03 +57.64 +0.85

*CAC 4944.60 +43.72 +0.89

pound-dollar 1.9893 -0.0038 (Intra-day)

euro-dollar 1.5716 -0.0016 (Intra-day)

Brent

crude(May) $107.16 +$2.26 (1502 GMT)

* Monday's close

STOCKS: Leading shares closed at the day's high as Wall Street remained firmer, with miners helping to buoy the FTSE on the back of stronger metals prices and British Energy and Centrica up after reports of bid talk between the groups.

FOREX: The euro was firmer against the U.S. dollar, but in very rangebound trade as market players stayed on the sidelines ahead of Tuesday's U.S. Federal Reserve minutes and rate decisions in the euro zone and the UK on Thursday.

BONDS: European government bonds remained in negative territory all day in very light trade as an appetite for risk returned to the markets, evidenced most keenly in equity markets. Elsewhere, UK gilts were lower even though the Bank of England is expected to

cut borrowing costs on Thursday.

OIL: Oil raced above $109, propelled by perpetual dollar weakness, OPEC's defiance to releasing more oil and as cold US spring

weather sparked heating demand.

METALS:Gold continued higher in London as the dollar remained under pressure following weak U.S. employment figures on Friday. At 1155 GMT, spot gold was trading at $915.95 an ounce against $909.80. In other precious metals, silver tracked gold higher to trade at $17.86 an ounce against $17.76. Platinum was up at $2,026 an ounce against $2,009, while its sister metal

palladium was at $449 an ounce against $439.75.

Ongoing power shortages in key platinum producer South Africa are providing good support for prices, with the market for the white metal expected to be in deficit this year as miners struggle to maintain production levels.

EVENTS:

UNITED KINGDOM

FINALS

888 Holdings

Atlantic Global

CareCapital Group

China Central Properties (15 months)

Cryo-Save

Dawnay, Day Treveria

Development Securities

Energetix

Getmobile Europe

Hansteen Holdings

Havelock

Real Good Food Co

VPhase

xG Technology

AGM

Coal of Africa

First Calgary

International Real Estate

RCG Holdings

EGM

First Calgary

TRADING STATEMENTS

Alterian

PZ Cussons

ECONOMICS

UK CML February full mortgage lending data (0930 BST)

UK DMO auction of 1.2 billion pounds in 1.25 percent index-linked gilts (1100 GMT)

BENELUX

Dutch February industrial sales

Corporate Express AGM

VastNed Retail AGM

VastNed Offices/Industrial AGM

GBL AGM

EASTERN EUROPE

Czech March CPI (0700 GMT)

Czech March unemployment (0700 GMT)

Czech Czech central bank conference on inflation targeting (0700 GMT)

Slovak February industrial and construction output (0700 GMT)

Czech Q1 state debt data (1200 GMT)

Hungary preliminary February industrial production data

Hungary preliminary February foreign trade

Hungary March budget deficit

Norilsk Nickel EGM

Rosneft FY results

EUROPEAN UNION/EURO ZONE

EU's McCreevy speech to FSA insurance sector conference, QE11 Conference Centre, London (0800 GMT)

ECB main refi result (0915 GMT)

EU rules on acquisition by FCC, Porr of Autoput

Ifri thinktank breakfast roundtable on energy unbundling, RWE speaks (0700 GMT-0930 GMT)

EU Commission tax forum, Charlemagne Building (0700 GMT-1530 GMT)

Suez-Tracetebel's Etienne Davignon at tax forum (0700 GMT)

EU's Reding speaks at European Information & Communications Technology Industry Association event (1230 GMT)

EU's Kovacs addresses tax forum (1500 GMT)

ECJ rules on Commission vs Sweden on taxation of beer and wine

ECJ rules on Commission vs Italy on public procurement procedure for helicopters

FRANCE

Eurotunnel FY results (before market opens). Press conference (0700 GMT)

WTO director general Pascal Lamy breakfast debate with AJEF business journalists association (0630 GMT) (Procope cafe, Paris)

GERMANY

March crude steel output (0600 GMT)

LRP annual conference, Mainz (0900 GMT)

EU rules on acquisition by FCC, Porr of Autoput

Ifri thinktank breakfast roundtable on energy unbundling, RWE speaks (0700-0930 GMT)

EU'S Reding speaks at European Information & Communications Technology Industry Association event (1230 GMT)

GREECE

March CPI

EFG Eurobank AGM

MIG EGM

ITALY

Parmalat AGM (1st call)

SCANDINAVIA

Finnish Jan GDP (0600 GMT)

FOEX Pulp & Paper price statistics (0900 GMT)

Bang & Olufsen Q3 results

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