Asian Equities Show Mixed Results & Russian-Focused Petropavlovsk Faces Lower Gold Production
October 20, 2015 6:27 am
Asian equities had mixed results on Tuesday after commodity prices languished in the wake of China’s soft growth data and dampened risk sentiment.
With the Hang Seng Down 0.88% at a level of 22874.48 and the Shanghai composite trading at 3400.93 up 0.43% and the Nikkei 225 trading up 0.42% at a level of 18207.15.
Over to US Indices and The Dow Jones industrial average rose 14.57 points, or 0.08 percent, to 17,230.54, the S&P 500 gained 0.55 points, or 0.03 percent to be exact leaving it at 2,033.66 and the Nasdaq Composite added 18.78 points, or 0.38 percent, to 4,905.47. The FTSE is seen to open flat and the DAX down just 6 points.
Meanwhile in foreign exchange related trading the common currency was little changed at $1.1334 after reaching a 10-day trough of $1.1306.
The Canadian dollar weakened 0.2 percent to C$1.3039 to the after slumping 0.9% off of the back of falling commodity prices and the election of a new liberal government.
Cable is currently trading at a level of 1.54767 an increase of 0.05%.
Now for commodities, Three-month copper on the London Metal Exchange lost 0.3 percent to $5,185.50 a metric ton after shedding 1.4 percent overnight.
Brent crude oil crawled up 0.4 percent to $48.82 a barrel on short-covering after sinking 3 percent overnight as China’s latest data added to concerns over global growth.
Gold is currently trading down 50 cents at 1172.3.
Equities
PETROPAVLOSK – Russia-focused gold miner Petropavlovsk said on Tuesday its third-quarter gold production fell 24 percent, year-on-year, to 114,500 troy ounces as it focused on mining with the highest possible profit margin. The shares are currently trading at 6.22 down 0.32% BARCLAYS – British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co, will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. credit union regulator said on Monday. Shares trading at 255.25 up 0.28%.
WHITBREAD – Britain’s Whitbread Plc said its first-half profit jumped 13.8 percent as new openings and growing demand at both its Premier Inn hotels and the Costa Coffee chain helped send sales up strongly. The share price is 4859.9 up 2.64%.
And finally for the data today at 11am Mark Carney is due to testify on the Bank of England Bill before the Treasury Select Committee, in London;
At 1.30pm we have Canadian wholesale sales a forecast figure of 0.2%.
Building permits are due out of the United States with a consensus of 1.16m.
And at 4pm we have the head of the federal reserve speaking, Janet Yellen is due to deliver some brief remarks in Washington.
Companies reporting later on today include Verizon, Harley Davidson, Bank of new York Mellon and Yahoo.
Asian equities had mixed results on Tuesday after commodity prices languished in the wake of China’s soft growth data and dampened risk sentiment.
With the Hang Seng Down 0.88% at a level of 22874.48 and the Shanghai composite trading at 3400.93 up 0.43% and the Nikkei 225 trading up 0.42% at a level of 18207.15.
Over to US Indices and The Dow Jones industrial average rose 14.57 points, or 0.08 percent, to 17,230.54, the S&P 500 gained 0.55 points, or 0.03 percent to be exact leaving it at 2,033.66 and the Nasdaq Composite added 18.78 points, or 0.38 percent, to 4,905.47. The FTSE is seen to open flat and the DAX down just 6 points.
Meanwhile in foreign exchange related trading the common currency was little changed at $1.1334 after reaching a 10-day trough of $1.1306.
The Canadian dollar weakened 0.2 percent to C$1.3039 to the after slumping 0.9% off of the back of falling commodity prices and the election of a new liberal government.
Cable is currently trading at a level of 1.54767 an increase of 0.05%.
Now for commodities, Three-month copper on the London Metal Exchange lost 0.3 percent to $5,185.50 a metric ton after shedding 1.4 percent overnight.
Brent crude oil crawled up 0.4 percent to $48.82 a barrel on short-covering after sinking 3 percent overnight as China’s latest data added to concerns over global growth.
Gold is currently trading down 50 cents at 1172.3.
Equities
PETROPAVLOSK – Russia-focused gold miner Petropavlovsk said on Tuesday its third-quarter gold production fell 24 percent, year-on-year, to 114,500 troy ounces as it focused on mining with the highest possible profit margin. The shares are currently trading at 6.22 down 0.32%
BARCLAYS – British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co, will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. credit union regulator said on Monday. Shares trading at 255.25 up 0.28%.
WHITBREAD – Britain’s Whitbread Plc said its first-half profit jumped 13.8 percent as new openings and growing demand at both its Premier Inn hotels and the Costa Coffee chain helped send sales up strongly. The share price is 4859.9 up 2.64%.
And finally for the data today at 11am Mark Carney is due to testify on the Bank of England Bill before the Treasury Select Committee, in London;
At 1.30pm we have Canadian wholesale sales a forecast figure of 0.2%.
Building permits are due out of the United States with a consensus of 1.16m.
And at 4pm we have the head of the federal reserve speaking, Janet Yellen is due to deliver some brief remarks in Washington.
Companies reporting later on today include Verizon, Harley Davidson, Bank of new York Mellon and Yahoo.
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