EasyJet rises following strong trade report; Severn Trent rejects takeover bid
Trading Floor News May 15, 2013 4:17 PM
<p>- The SP 500 Index once again hit record highs in yesterday’s session, finishing up 16 points at 1650. The Dow was also strong, up […]</p>
The video cannot be shown at the moment. Please try again later.
- The SP 500 Index once again hit record highs in yesterday’s session, finishing up 16 points at 1650. The Dow was also strong, up 123 points.
- Today’s biggest riser was EasyJet, which reported strong interim results.
- In currencies, USD has reached its strongest level against JPY since 2008 and the Nikkei was up on the back of this as Japanese exporters were boosted by weakness in the yen. The Hang Seng was also ahead by 116 points.
- In terms of data today, the April unemployment rate was revealed at 9.30am GMT to be at 4.5%. This is the lowest rate since April 2011. We are now awaiting the quarterly European Flash GDP at 10am and the Bank of England Inflation report at 10.30am. Investors will be looking towards the US PPI figure at 1.30pm and are hoping to see signs of economic recovery.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.