Trade The News | Oct 12, 2012 10:05AM ET
Economic Data
SPEAKERS/FIXED INCOME/FX/COMMODITIES/ERRATUM
Notes/Observations
Indices: FTSE 100 -0.30% at 5,811, DAX -0.50% at 7,244, CAC-40 -0.50% at 3,397, IBEX-35 +0.20% at 7,745, FTSE MIB -0.40% at 15,569, SMI -0.20% at 6,643, S&P 500 Futures +0.10% at 1,430
European equity indices are trading mixed. Spain's IBEX-35 has been the outperformed, as Spain's bond yields have moved lower on the session. Banks are mostly higher, ahead of Q3 earnings from JP Morgan. The sector has been supported by a broker upgrade. Commodity related firms are mixed, amid the release of weaker than expected Chinese monthly loan data.
In the UK, technology materials firm, Morgan Crucible [MGCR.UK] has lost over 12%, as the company warned on its outlook. Travis Perkins [TPK.UK] is lower by more than 2%, following the release of its Q3 sales report. Akzo Nobel [AKZA. NL] has lost over 3%, amid speculation that the firm's CEO could extend his leave of absence. In Italy, Geox [GEO.IT] is higher by more than 4%, as the company announced a partnership agreement in China.
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