BP Spain Holdings International Market - PowerPoint PPT Presentation

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BP Spain Holdings International Market

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Title: BP Spain Holdings International Market


1
BP Spain Holdings International Market
  • EUROPE MARKETS
  • Europe Stocks Rise
  • With Nonfarm Payrolls
  • In Sight

2
  • European stock markets staged broad-based gains
    on Friday, as upbeat Chinese export data and
    Japanese growth figures fueled trading optimism
    and with investors now awaiting key U.S.
    nonfarm-payroll data to gauge the state of the
    economic recovery.
  •  
  • The Stoxx Europe 600 index rose 0.5 to 294.62,
    putting it on track to break a two-day losing
    streak.
  •  
  • Shares of Siemens AG (SI) gained 1.5, after
    Citigroup added the German conglomerate to its
    focus list with a buy rating. Citi cited progress
    in its restructuring and the potential for
    increased profitability and cash returns.
  •  
  • Pointing in the other direction, shares of
    Clariant AG dropped 2.4 as Nomura cut the
    chemicals firm to reduce from buy.
  • For the broader stock markets, bourses mirrored
    gains from Asia, where upbeat export data from
    China lifted the mood. Exports in February were
    21.8 higher than they were a year earlier,
    suggesting that the global economy is recovering
    as demand for Chinese goods rebounds. See China
    trade surplus narrows, but exports rising
  • Additionally, Japan revised its growth figures
    for the final quarter of 2012 to show that the
    economy has turned around and is expanding. See
    Japan GDP grows again, but current account weak
  • Investors were further looking to the U.S., where
    nonfarm-payrolls data, due 830 a.m. U.S. Eastern
    time, will be closely watched for indications
    that the U.S. labor market is recovering.

3
  • "U.S. job creation is expected to have continued
    at the January pace, adding 165,000 jobs in
    February," analysts at Danske Bank said in a
    note.
  •  
  • "Throughout February, data was strong for the
    U.S. economy with decent growth in retail sales,
    housing sales and consumer confidence. The claims
    figures in February also point to a standstill in
    the unemployment rate, which we expect to have
    remained unchanged at 7.9," they added.
  •  
  • U.S. stock futures pointed to a higher open on
    Wall Street. See Stock futures push higher ahead
    of payrolls data
  • Back in Europe, banks were among major advancers.
    Shares of HSBC Holdings PLC (HBC) rose 2.1 in
    London, BNP Paribas SA added 3.7 in Paris and
    Banco Santander SA (SAN) gained 1.8 in Madrid.
  •  
  • Among country-specific indexes, the U.K.'s FTSE
    100 index added 0.3 to 6,460.57, while France's
    CAC 40 index traded 0.9 higher at 3,827.39.
  •  
  • Germany's DAX 30 index gained 0.6 to 7,985.32.
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