logistics industry development power point ppt.pdf
From The Floor 20 October 11
1. From The Floor
20 October 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg UK markets rebounded yesterday, closing higher, amid reports that
FTSE 100 5,450.5 0.7% 0.2% 3.6% -4.4% collaborative actions by Germany and France would boost the euro area’s
DJSTOXX 50 2,259.5 0.7% -0.8% 6.7% -11.4% bailout fund. British Sky Broadcasting Group, the top gainer on the FTSE 100
FTSEurofirst 300 968.1 0.6% -0.9% 5.7% -10.6% index, surged 5.4%, after its first quarter results surpassed market
German DAX 30 5,913.5 0.6% -1.4% 9.2% -8.9%
expectation. Among banking stocks, Barclays, Royal Bank of Scotland and
French CAC 40 3,157.3 0.5% -2.2% 7.4% -17.1%
Lloyds Banking Group climbed between 2.5% and 3.4%, amid easing worries
Russia RTS Index 1,438.6 0.8% 2.2% -5.7% -8.4%
S&P 500 1,209.9 -1.3% 0.2% 0.5% 3.8%
over the contagion risk. Energy stocks, BP, Tullow Oil and Royal Dutch Shell
Dow Jones Industrials 11,504.6 -0.6% -0.1% 0.9% 4.8%
rallied between 1.4% and 1.8%, as crude oil prices firmed up. Diageo surged
Nasdaq Composite 2,604.0 -2.0% 0.0% -0.3% 6.9% 4.0%, after posting better-than-forecasted first-quarter sales. Among mining
Brazil Bovespa 54,966.1 -0.1% 2.1% -3.7% -21.3% stocks, ENRC rose 1.3%, amid speculation that it might be a takeover target
Nikkei 225* 8,678.0 -1.1% 0.4% -1.0% -8.0% for Glencore. Wolseley climbed 4.6%, bolstered by an unexpected jump in US
Shanghai Composite* 2,331.2 -1.9% -1.9% -2.5% -20.8% housing starts. FTSE 100 climbed 0.7% to settle at 5,450.5, while FTSE 250
Sensex* 16,860.5 -1.3% 0.7% 2.0% -14.5% gained 0.5% to close at 10,231.8.
*Time - BST 5:12:40 AM
European Market Snapshot
5,490 Other European markets closed higher yesterday, as market sentiments
buoyed after Britain’s Guardian newspaper reported that France and
5,468 Germany have reached an agreement to boost the eurozone’s rescue fund,
shrugging off news about Spain’s credit rating downgrade by Moody’s
5,445 Investors Service. Banks, Commerzbank, Deutsche Bank and BNP Paribas
gained between 4.2% and 6.2%, as concerns about eurozone debt crisis
5,423 eased. Software AG surged 12.0% after the company reported a rise in its
third-quarter earnings and confirmed its full-year sales and earnings forecast.
5,400 Hochtief rallied 3.7%, after Goldman Sachs upgraded the stock to
8:00 9:45 11:30 13:15 15:00 16:35
“Conviction Buy” from “Neutral.” Accor rose 2.5%, after it reported third-
quarter sales, in line with market expectations. FTSEurofirst 300 index rose
0.6% to 968.1. German DAX Xetra 30 rose 0.6% to 5,913.5. French CAC-40
11,645
gained 0.5% to close at 3,157.3.
11,601 US Market Snapshot
US markets declined yesterday, after the Fed Beige Book survey showed that
11,557
the US economy was growing at a weak pace and following a deadlock over
the European bailout talks. Banking stock, Comerica, the top laggard on the
11,512
S&P 500 index, plummeted 10.5%, after it reported higher third-quarter
earnings but forecasted a drop in its net interest margin for the fourth-
11,468
9:30 10:45 12:00 13:15 14:30 15:45 quarter. BlackRock slid 4.7%, after reporting a 10.0% fall in its AUM during
September. Caterpillar and DuPont lost 1.4% and 2.8%, respectively, amid
concerns about the strength of the economy. Apple slumped 5.6%, after its
fourth-quarter earnings missed market expectations. Goldman Sachs lost
8,780
1.4%, after a slew of brokers cut their price target on the stock. Powerwave
Technologies, the top laggard on the NASDAQ, plunged 41.8%, after its
8,752
third-quarter earnings update missed market expectations. DJIA lost 0.6% to
11,504.6. NASDAQ shed 2.0% to 2,604.0. S&P 500 lost 1.3% to 1,209.9.
8,724
8,696
Asian Market Snapshot
Asian markets are trading lower this morning, amid lingering worries about
8,668
9:00 9:45 10:30 11:15
the eurozone debt crisis and after the Federal Reserve warned that the US
economy was still weak. In Japan, chipmakers, Elpida Memory and
Dainippon Screen Manufacturing, lost values, after a report showed that
Manoj Ladwa 0207 392 1487
chip-equipment orders in Japan had declined in September. Industrial
Index and Equity Desk 0207 392 1479
machinery maker, Kubota, lost value after it halted operations at three of its
Institutional Equities 0207 392 1477 plants in Thailand. Mitsubishi Motors declined after it announced to suspend
Commodities 0207 392 1403 all output in the country until 22 October. In Hong Kong, Jiangxi Copper lost
Options 0207 392 1472 value tracking a drop in base metal prices. Retailers, Esprit Holdings and Li &
Currencies 0207 392 1455 Fung, dropped amid concerns about their sales growth in Europe and the
Internet Dealing Desk 0207 392 1434 US. In South Korea, Kukdo Chemical retreated after its third-quarter net
income plunged 53% from a year earlier. Nikkei 225 index is trading 1.1%
lower, at 8,678.0. Hang Seng index lost 1.8%, to trade at 17,947.9, while the
Kospi index is trading 0.5% down, at 1,846.9.
ETX Capital, Beaufort House, 15 St Botolph Street, London EC3A 7DT Tel+44 (0) 207 392 1453
customerservice@etxcapital.co.uk www.etxcapital.com Refer to the last page for disclaimer
2. 20 October 2011
Commodities
89.6
1670.0 7,650 2,220
88.6 1657.5 7,398 2,193
$/ M T
$/ b b l
7,145 2,165
$ /OZ
87.6 1645.0
6,893 2,138
86.5
1632.5
6,640 2,110
85.5
0:00 5:40 11:10 16:40 0:10 1620.0 6-Oct 11-Oct 14-Oct 19-Oct
0:00 5:40 11:20 17:00 23:40 Copper - LHS Aluminium - RHS
In Asia, crude oil for November delivery is trading 50 cents lower at $85.61 per barrel. Yesterday, crude oil for November
delivery closed 2.5% or $2.23 lower at $86.11 per barrel, amid worries over demand prospects, after a disagreement emerged
between France and Germany over Europe’s rescue strategy and the Federal Reserve Beige Book survey showed that US
economy was growing at a “modest” pace.
Gold for immediate delivery is trading 1.1% lower today, at $1,623.58 per ounce. Gold prices for December delivery fell 0.4% or
$5.80 to $1,647 per ounce yesterday, as worried investors sold precious metal, amid lingering over the eurozone debt crisis.
Currencies
1.1480 1.5860 1.3890
1.1453 1.5815 1.3843
1.1425 1.5770 1.3795
1.1398 1.5725
1.3748
1.1370 1.5680
1.3700
0:00 6:40 13:20 20:00 2:40 0:00 6:40 13:20 20:00 2:40
0:00 6:40 13:20 20:00 2:40
At 0400 BST today, the GBP is trading 0.2% lower against the USD at $1.5742, 0.1% higher against the EUR at €1.1468 and
0.3% lower against the JPY at ¥120.82.
The EUR is trading 0.3% lower against the USD at $1.3727, amid concerns that European leaders would not reach a complete
resolution to restrain eurozone debt crisis at the October 23 summit.
The EUR is trading 0.4% lower against the JPY at ¥105.36, as most Asian equity markets traded lower, decreasing the demand
for high yielding assets.
The AUD is trading lower against the USD, as ongoing worries over eurozone debt crisis damped the demand for high yielding
assets.
Yesterday, the EUR ended higher against the USD, after the Guardian newspaper reported late Tuesday, that France and
Germany have agreed to boost the eurozone financial rescue fund. However, gains were restricted, as worries increased among
investors ahead of the eurozone leaders meeting in Frankfurt.
2 From The Floor Refer to the last page for disclaimer
3. 20 October 2011
Key Economic Releases Today
Country BST E c onomi c Indi c a tor Conse nsus P re vi ous Fre que nc y
UK 9:30 Retail Sales (MoM) (Sep) 0.20% -0.10% Monthly
UK 9:30 Retail Sales (YoY) (Sep) 0.60% -0.10% Monthly
UK 9:30 Retail Sales w/Auto Fuel (MoM) (Sep) 0.00% -0.20% Monthly
Germany 7:00 Producer Price Index (MoM) (Sep) 0.20% -0.30% Monthly
Germany 7:00 Producer Price Index (YoY) (Sep) 5.50% 5.50% Monthly
Eurozone 15:00 Consumer Confidence (Oct) -20.10 -19.10 Monthly
Switzerland 7:00 Trade Balance (Sep) - CHF 0.76 bn Monthly
Switzerland 7:00 Exports (MoM) (Sep) - -7.00% Monthly
Switzerland 7:00 Imports (MoM) (Sep) - 0.90% Monthly
Switzerland 10:00 ZEW Survey - Expectations (Oct) -75.70 Monthly
US 13:30 Continuing Jobless Claims (W/E) 3680.0 K 3670.0 K Weekly
US 13:30 Initial Jobless Claims (W/E) 400.00 K 404.00 K Weekly
US 15:00 Existing Home Sales (Sep) 4.90 mn 5.03 mn Monthly
US 15:00 Existing Home Sales (MoM) (Sep) -2.60% 7.70% Monthly
US 15:00 Leading Indicators (Sep) 0.20% 0.30% Monthly
US 15:00 Philadelphia Fed Manufacturing Survey (Oct) -9.50 -17.50 Monthly
US 15:30 EIA Natural Gas Storage Change (W/E) 112.00 BCF Weekly
Canada 13:30 Wholesale Sales (MoM) (Aug) 0.40% 0.80% Monthly
Japan 6:00 Leading Economic Index (Aug) - 104.60 Monthly
Japan 6:00 Coincident Index (Aug) - 107.10 Monthly
Japan 8:00 Convenience Store Sales (YoY) (Sep) - 7.90% Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d 0.68
UK 0.7% 5.2% 2.6%
US 1.6% 3.9% 2.3% 0.64
Japan -1.0% 0.2% 1.0%
0.59
France 1.6% 2.2% 3.1%
Germany 2.7% 2.6% 2.2%
0.55
Brazil 3.1% 7.3% 4.0%
Russia 3.4% 7.2% 6.0% 0.50
Oct-09
Apr-10
Jun-10
Apr-11
Jun-11
Dec-09
Aug-10
Oct-10
Aug-11
Feb-10
Dec-10
Feb-11
India 7.7% 9.0% 8.8%
China 9.1% 6.1% 3.8%
3 From The Floor Refer to the last page for disclaimer
4. 20 October 2011
Key Corporate Releases Today
UK
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus
E sti ma te d E P S E sti ma te d Re ve nue (Mn)
Srei Infrastructure Finance Ltd. GDR (Reg S) Interim USD 4.56 19,906.40
Hexaware Technolgies Q3 USD 6.95 13,313.50
Debenhams Plc Final GBP 9.23 2,545.96
Smiths News Plc Prelim GBP 16.74 1,773.66
African Barrick Gold Plc Q3 GBP 0.77 1,178.38
Note: All Estimates are for Full Year
Britvic, SABMiller, Cairn Energy, Petropavlovsk, Promethean World, Colt Group SA, Mecom Group Plc, Petrofac Ltd,
Anglo American
BHP Billiton
Cambium Global Timberland Ltd
Highcroft Investment, Nature Group, RPS Group, Total Produce
Europe
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus
E sti ma te d E P S E sti ma te d Re ve nue (Mn)
Telefon Ab L M Ericsson Q3 SEK 5.98 225,937.00
Nestle Sa Q3 Sales CHF 3.08 83,965.70
Nokia Oyj Q3 EUR 0.19 38,917.00
Axfood Ab Q3 SEK 17.11 35,022.20
Husqvarna Ab Q3 SEK 2.06 30,163.80
Note: All Estimates are for Full Year
US
Compa ny N a me Re sul ts Curre nc y Ful l Ye a r Conse nsus Re l e a se
E sti ma te d E P S E sti ma te d Re ve nue (Mn) T i me
AT&T Inc Q3 USD 2.38 126,130.00 U
Microsoft Corp Q1 USD 2.85 74,470.00 U
Flextro nics Internatio nal Ltd Q2 USD 0.90 30,370.00 D
Philip Morris International Inc Q3 USD 4.74 30,080.00 D
Eli Lilly And Co Q3 USD 4.33 23,960.00 D
No te: A ll Estimates are fo r Full Year (A = A fter the market clo ses, B = B efo re the market o pens, D = During market ho urs, U = Time unkno wn )
4 From The Floor Refer to the last page for disclaimer
5. 20 October 2011
What’s Hot & What’s Not
British Sky Broadcasting GKN -4.7%
5.1%
4.6% Wolseley G4S -3.3%
Fresnillo -2.6%
4.0% Diageo
3.4% Lloyds Banking Group BAE Systems -2.4%
3.1% Royal Bank of Scotland ARM Holdings -1.9%
AMEC Meggitt -1.6%
2.7%
2.5% Barclays Admiral Group -1.4%
Weir Group Shire -1.3%
2.5%
2.3% Bunzyl British Land Co -1.3%
2.1% Standard Life Land Securities Group -1.2%
0.0% 1.4% 2.8% 4.2% 5.6% -5.3% -4.0% -2.7% -1.3% 0.0%
Major Movers & Shakers
British Sky Broadcasting climbed 5.1%, after the company reported a 16% rise in its first-quarter operating profit, boosted by
cross-selling of products to its existing subscribers.
Wolseley advanced 4.6%, helped by an unexpected jump in US housing starts data.
Diageo rose 4.0%, after the company reported sales growth in its first quarter that surpassed market expectations.
Barclays gained 2.5%, after BlackRock, in which the lender has a stake, reported better-than-expected third quarter earnings.
Fresnillo lost 2.6%, as silver for December delivery declined 1.8% to $31.28 per ounce.
ARM Holdings dropped 1.9%, after its US peer, Apple, reported earnings that missed market expectations.
5 From The Floor Refer to the last page for disclaimer
6. 20 October 2011
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6 From The Floor