Investors digest corporate updates and look towards Spanish debt auction

The index is up 30 points to 5777 as investors digest corporate updates and look towards Spanish debt auction of 2 + 10-year bonds. Spanish […]


Fiona Cincotta
By :  ,  Senior Market Analyst

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  • The index is up 30 points to 5777 as investors digest corporate updates and look towards Spanish debt auction of 2 + 10-year bonds.
  • Spanish 10-year government bond yields shot up 6% earlier this week, raising fears that it will not be able to manage its public financing without an international bailout.
  • In UK equities, Hargreaves Lansdown was the top gainer on the FTSE 100 after it reported that Q1 saw assets under management rise to record levels.
  • Anglo American was also in demand after seeing production in most of its major resource groups increase strongly.
  • Persimmon and Debenhams beat expectations, while WH Smiths hiked dividends following H1 profits of £66 million.
  • In economic data, the Spanish debt auction was held this morning, followed by US jobless claims at 1.30pm GMT and US existing home sales and EU consumer confidence at 3pm GMT.

 
See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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