B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
ETX Capital -From The Floor is a daily briefing and global market report to keep you informed as you trade
1. From The Floor
02 December 2011
Key Global Indices
UK Market Snapshot
Last 1D % 5D % 1M% 1Y%
Cl ose Chg Chg Chg Chg UK markets closed lower yesterday, as downbeat comments from the Bank
FTSE 100 5,489.3 -0.3% 7.1% -1.0% -2.7% of England and disappointing Chinese manufacturing data dampened
DJSTOXX 50 2,287.1 -0.5% 8.2% -1.3% -9.5% investors’ sentiment. Among banking sector stocks, Barclays, Royal Bank of
FTSEurofirst 300 976.0 -0.6% 8.5% -2.0% -10.4% Scotland and Lloyds Banking Group slipped between 1.7% and 3.3%, after
German DAX 30 6,035.9 -0.9% 11.2% -1.7% -12.1%
Bank of England’s December Financial Stability Report indicated an
French CAC 40 3,130.0 -0.8% 10.9% -3.5% -14.7%
“exceptionally threatening environment” for financial lenders. Among
Russia RTS Index 1,546.7 0.4% 10.3% -1.1% -5.3%
S&P 500 1,244.6 -0.2% 7.1% -0.7% 3.2%
mining stocks, Rio Tinto, Antofagasta and BHP Billiton dropped between
Dow Jones Industrials 12,020.0 -0.2% 6.8% 0.5% 6.8%
1.1% and 1.3%, after manufacturing activity in China showed a contraction
Nasdaq Composite 2,626.2 0.2% 6.8% -2.2% 3.0% in November. Vedanta Resources shed 0.8%, after Credit Suisse cut its rating
Brazil Bovespa 58,143.4 2.2% 5.2% -0.3% -16.2% on the stock to “Neutral” from “Outperform”. Engineering firm, IMI, the top
Nikkei 225* 8,642.4 0.5% 5.3% -4.4% -13.9% laggard on the FTSE 100 index, declined 4.9%, while GKN lost 1.9%, after
Shanghai Composite* 2,352.5 -1.4% -0.4% -3.3% -15.5% disposing its aerospace engineering services business in the UK and Australia.
Sensex* 16,492.0 0.1% 3.9% -6.9% -17.0% FTSE 100 fell 0.3% to 5,489.3. FTSE 250 lost 1.1% to settle at 10,203.8.
*Time - BST 6:06:56 AM
European Market Snapshot
5,550 Other European markets closed in the negative territory yesterday, after
reports showed that manufacturing activity in China and the eurozone
5,533 contracted in November, adding to concerns that the global economic
growth might falter. Banking stocks, Commerzbank, Societe Generale and
5,515 Credit Agricole, dropped between 2.5% and 3.8%, as risk appetite decreased
among investors. Industrial sector stocks, Hochtief and Vinci fell 1.5% and
5,498 2.0%, respectively, after the latter pulled out of bidding for the purchase of
the former’s airport-operating business. Norsk Hydro, fell 2.9%, after the
5,480 company forecasted that aluminium demand growth would weaken.
8:00 9:45 11:30 13:15 15:00 16:35
Carmaker, Renault, slipped 0.2%, despite Morgan Stanley upgrading its
rating on the stock to “Overweight” from “Underweight”. FTSEurofirst 300
index dropped 0.6% to settle at 976.0. German DAX Xetra 30 fell 0.9% to
12,055 6,035.9. French CAC-40 declined 0.8% to end at 3,130.0.
12,033 US Market Snapshot
12,010
US markets closed mostly lower yesterday, as data showing a rise in US
weekly jobless claims benefits overshadowed better-than-forecasted
manufacturing growth in November. Financials, Wells Fargo, JPMorgan and
11,988
Citigroup lost between 0.9% and 1.8%, as Massachusetts sued some of the
largest lenders over their foreclosure practices. Kohl's Corp, the biggest
11,965
9:30 10:45 12:00 13:15 14:30 15:45
decliner on the S&P 500 index, retreated 6.4%, after its November sales
missed market expectation. Alcoa, the second top loser on the DJIA index,
lost 2.1% as commodities prices lost ground. However, Yahoo rose 3.3%,
amid reports that a private-equity backed group might make a bid for the
8,640
company. Wireless network provider, Clearwire jumped 14.0%, after its
major customer, Sprint Nextel agreed to pay $1.6 billion over the next four
8,628
years, easing worries over a liquidity crisis. DJIA fell 0.2% to 12,020.0.
NASDAQ rose 0.2% to 2,626.2. S&P 500 slipped 0.2% to 1,244.6.
8,615
8,603
Asian Market Snapshot
Asian markets are trading mostly lower this morning, as investors remain
8,590
9:00 9:45 10:30 11:15 13:00 13:45
concerned about the pace of the global economic recovery, ahead of the
release of the key US jobs report and German Chancellor Angela Merkel’s
speech on the debt crisis. In Japan, homebuilders, Kajima, Obayashi and
Manoj Ladwa 0207 392 1487
Fukuda traded higher, after the Japanese cabinet announced a ¥2 trillion
Index and Equity Desk 0207 392 1479
package to help Japan recover from the March earthquake and boost
Institutional Equities 0207 392 1477 corporate earnings. DeNA gained value, after Credit Suisse initiated coverage
Commodities 0207 392 1403 on the stock with an “Outperform” rating. In Hong Kong, China Southern
Options 0207 392 1472 Airlines lost value, on news that the Chinese government has raised
Currencies 0207 392 1455 wholesale jet fuel prices. Homebuilder, China Vanke paced losses, after
Internet Dealing Desk 0207 392 1434 China’s home prices fell for a third month in November. In South Korea, SK
and S oil paced declines in line with a fall in crude oil prices. Nikkei 225 index
is trading 0.5% higher, at 8,642.4. Hang Seng index is trading 0.5% lower at
18,909.1, while the Kospi index is trading 0.4% lower at 1,908.5.
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. 2 December 2011
Commodities
101.3
1758.0 7,830 2,120
100.6 1751.5 7,648 2,080
$/ M T
7,465 2,040
$/bbl
$/OZ
100.0
1745.0
7,283 2,000
99.4
1738.5
7,100 1,960
98.8
18-Nov 23-Nov 28-Nov 1-Dec
0:00 6:40 13:20 20:00 3:20 1732.0
0:00 6:40 13:20 20:00 3:00 Copper - LHS Aluminium - RHS
In Asia, crude oil for January delivery is trading 0.1% or 6 cents lower at $100.14 per barrel. Yesterday, crude oil for January
delivery declined 0.2% or 16 cents to settle at $100.20 per barrel, amid worries over demand prospects, after the US Labor
Department report showed that jobless claims rose by 6,000 to 402,000 last week, and as Chinese manufacturing activity
contracted in November for the first time since February 2009.
Gold for immediate delivery is trading 0.1% lower today, at $1,743.15 per ounce. Gold for February delivery lost 0.6% or $10.50
to end at $1,739.80 per ounce yesterday, as investors took advantage of the recent gains and preferred to book profits.
Currencies
1.1688 1.5755 1.3525
1.1673 1.5725 1.3498
1.1658 1.5695 1.3470
1.1643 1.5665
1.3443
1.1628 1.5635
1.3415
0:00 7:00 14:00 21:00 4:00 0:00 7:00 14:00 21:00 4:00
0:00 7:00 14:00 21:00 4:00
At 0400 BST today, the GBP is trading marginally lower against the USD at $1.5677, marginally higher against the EUR at
€1.1647, and marginally lower against the JPY at ¥121.93.
The EUR is trading 0.1% lower against the USD at $1.3460, amid speculation that the US Labour Department report would
show an increase in payrolls in November.
The EUR is trading marginally lower against the JPY at ¥104.69.
The AUD is trading higher against the USD, as investors await a key speech by German Chancellor Angela Merkel outlining her
stance on the region’s debt crisis ahead of the European summit on 9 December.
Yesterday, the EUR closed higher against the USD, after Spain sold €3.75 billion of government bonds, meeting its target and
as France also received strong demand for €4.3 billion of debt.
The GBP closed lower against the USD and the EUR, after the UK’s manufacturing activity contracted for a second straight
month in November.
The USD closed higher against the JPY, after Japan’s Finance Minister, Jun Azumi, announced that he would take action on
speculative currency.
The CAD closed higher against the USD, amid speculation that Canadian employers resumed adding jobs.
2 From The Floor Refer to the last page for disclaimer
3. 2 December 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 - Halifax House Prices (3m/YoY) (Nov) - -1.80% Monthly
UK - Halifax House Prices (MoM) (Nov) - 1.20% Monthly
UK 9:30 Purchasing Managers' Index Construction (Nov) 52.20 53.90 Monthly
Eurozone 10:00 Producer Price Index (YoY) (Oct) 5.60% 5.80% Monthly
Eurozone 10:00 Producer Price Index (MoM) (Oct) 0.20% 0.30% Monthly
Switzerland 8:15 Retail Sales (Real) (YoY) (Oct) 1.20% -0.90% Monthly
US 13:30 Change in Non-farm Payrolls (Nov) 120.00 K 80.00 K Monthly
US 13:30 Underemployment Rate (U6) (Nov) - 16.20% Monthly
US 13:30 Unemployment Rate (Nov) 9.00% 9.00% Monthly
US 13:30 Average Hourly Earning (YoY) (Nov) 2.00% 1.80% Monthly
US 13:30 Average Hourly Earning (MoM) (Nov) 0.20% 0.20% Monthly
US 13:30 Change in Private Payrolls (Nov) 145.00 K 104.00 K Monthly
US 13:30 Average Weekly Hours All Employees (Nov) 34.30 34.30 Monthly
US 13:30 Change in Household Survey Employment (Nov) - 277.00 Monthly
US 13:30 Change in Manufacturing Payrolls (Nov) 9.00 K 5.00 K Monthly
Canada 12:00 Net Change in Employment (Nov) 17.50 K -54.00 K Monthly
Canada 12:00 Unemployment Rate (Nov) 7.30% 7.30% Monthly
Canada 12:00 Full Time Employment Change (Nov) - -71.70 Monthly
Canada 12:00 Part Time Employment Change (Nov) - 17.70 Monthly
Canada 12:00 Participation Rate (Nov) 66.70 66.70 Monthly
Re a l G D P - YoY CP I - YoY 10 Ye a r Bond Yi e l d 435.0
UK 0.5% 5.0% 2.3%
US 1.5% 3.5% 2.0% 422.5
Japan 0.0% -0.2% 1.0%
410.0
France 1.6% 2.3% 3.7%
Germany 2.5% 2.5% 2.3%
397.5
Brazil 3.1% 7.0% 4.0%
Russia 4.8% 7.2% 6.0% 385.0
Jun-11
Jul-11
Jul-11
Aug-11
Aug-11
Oct-11
Oct-11
Nov-11
Nov-11
Sep-11
Sep-11
Sep-11
India 7.7% 10.1% 8.9%
China 9.1% 5.5% 3.6%
3 From The Floor Refer to the last page for disclaimer
4. 2 December 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 PS E sti ma te d Re ve nue (Mn)
Berkeley Group Holdings Plc Interim GBP 89.79 850.48
Note: All Estimates are for Full Year
SThree
Ceres Power Holdings
Aberdeen Asian Smaller Companies Inv Trust, Ashmore Group, James Halstead, Matchtech Group, Tawa, United Car-
pets Group
BlackRock Smaller Companies Trust, DCC, Elderstreet VCT, Hansa Trust, Hilton Food Group, Laird, Marshalls, Sthree,
TDK Corp., Boeing Co, Duet Real Estate Finance Ltd
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)
Elekta AB Q2 SEK 12.87 9,192.82
Piscines Desjoyaux SA Q4 EUR 0.64 84.20
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
Female Health Co Q4 USD 0.06 29.50 U
Big Lots Inc Q3 USD 2.90 0.01 U
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. 2 December 2011
What’s Hot & What’s Not
Resolution Ltd IMI -4.9%
3.9%
3.0% Burberry Group Lloyds Banking Group -3.3%
ICAP -3.1%
2.8% Intl Consolidated Airlines Group
2.2% Kingfisher Lonmin -3.1%
2.2% Intertek Group Royal Bank of Scotland -2.1%
Standard Chartered Inmarsat -2.1%
1.7%
1.6% Fresnillo Cairn Energy -2.0%
AMEC GKN -1.9%
1.6%
1.0% Imperial Tobacco Group Barclays -1.7%
0.9% British Land Co Marks and Spencer Group -1.6%
0.0% 1.1% 2.2% 3.3% 4.4% -5.4% -4.1% -2.7% -1.4% 0.0%
Major Movers & Shakers
Resolution gained 3.9%, after the High Court approved its scheme to transfer certain parts of its businesses to Friends Provident
Life and Pensions Limited.
Burberry advanced 3.0%, after Seymour Pierce assigned a “Buy” rating on the stock.
Kingfisher climbed 2.2%, after its third-quarter results surpassed market expectations.
Standard Chartered rose 1.7%, after Standard & Poor’s upgraded its credit rating on the stock to “A+” from “A”.
Banking stocks, Lloyds banking Group, RBS and Barclays retreated between 1.7% and 3.3%, as risk aversion decreased among
investors, after the Bank of England signalled a systemic financial crisis.
GKN lost 1.9%, after the firm sold its Aerospace Engineering services business in the UK and Australia to QuEST Global Services
and QuEST Global Engineering.
Marks & Spencer fell 1.6%, after Investec downgraded the stock to “Hold” from “Buy”.
5 From The Floor Refer to the last page for disclaimer
6. 2 December 2011
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6 From The Floor