European Jitters See Indices Drop, Mondi Reveals Surprise Boost to Full-Year Earnings
February 10, 2015 7:05 am
Asian equities were lower across the board on Tuesday as nervousness over Greece potentially withdrawing from the Euro and escalating conflict in Ukraine sapped risk appetite, whilst the Dollar lost steam after its payrolls-inspired rally. U.S. stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S interest rates. The Dow closed 95 points lower at 17,729 and the S&P500 closed 8 points lower at 2,046.
In currencies, the Euro edged up 0.1% to $1.1335, having found support for now at a one-week low of $1.1270. The Dollar fell 0.1% to 118.48 Yen, pulling back from a near one-month high of 119.23 reached on Friday in a rally triggered by robust U.S. non-farm payrolls.
Brent crude slipped 71 cents, or 1.22%, to $57.63, ending a three-day rally. The benchmark gained more than 9% last week, its biggest weekly rise since February 2011. U.S. crude oil was down 1.3% at $52.19 a barrel after gaining 2.3% overnight.
In a surprise announcement, paper and packaging group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year. The FTSE 100 company’s unscheduled update reported that basic earnings per share would be between €0.96 and €0.99 in the calendar year, up between 20% and 24% on the €0.80 last year, with underlying earnings also up between 12% and 15% to between €1.06 and €1.09. The stock was up 1.5% in early trade at 1222p per share.
Asian equities were lower across the board on Tuesday as nervousness over Greece potentially withdrawing from the Euro and escalating conflict in Ukraine sapped risk appetite, whilst the Dollar lost steam after its payrolls-inspired rally. U.S. stocks fell on Monday as investors worried about Greek debt negotiations and disappointing Chinese economic data on top of uncertainty about U.S interest rates. The Dow closed 95 points lower at 17,729 and the S&P500 closed 8 points lower at 2,046.
In currencies, the Euro edged up 0.1% to $1.1335, having found support for now at a one-week low of $1.1270. The Dollar fell 0.1% to 118.48 Yen, pulling back from a near one-month high of 119.23 reached on Friday in a rally triggered by robust U.S. non-farm payrolls.
Brent crude slipped 71 cents, or 1.22%, to $57.63, ending a three-day rally. The benchmark gained more than 9% last week, its biggest weekly rise since February 2011. U.S. crude oil was down 1.3% at $52.19 a barrel after gaining 2.3% overnight.
In a surprise announcement, paper and packaging group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year. The FTSE 100 company’s unscheduled update reported that basic earnings per share would be between €0.96 and €0.99 in the calendar year, up between 20% and 24% on the €0.80 last year, with underlying earnings also up between 12% and 15% to between €1.06 and €1.09. The stock was up 1.5% in early trade at 1222p per share.
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