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.