Global Daily round-up (11-01-2012)
Global Daily round-up (11-01-2012)
US equities closed higher yesterday with the Dow Jones up 0.6% and the S&P 500 up 0.9%. Resource stocks, Alpha Natural Resources and Cliffs Natural Resources, rose 2.8% and 4% respectively. Bank stocks also rose on renewed optimism with Bank of America and Citigroup climbing 5.7% and 3.2% respectively. On the downside, shares in Tiffany & Co fell 10.5% after the luxury retailer cut earnings guidance after reporting weak holiday same-store sales growth in the US.
In early morning trading the FTSE 100 was 0.3% lower and the FTSE Eurofirst 300 was down 0.2%. Markets were lower due to profit taking following strong gains from the previous session. Resource stocks struggled as BG Group fell 1.4%, BP was down 0.9% and Vedanta Resources was 1.4% lower. Retailers bucked the trend, rising after a series of well-received Christmas trading updates. Supergroup was 6.3% higher after reporting a rise in sales.
Source: Henderson Global Investors
Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE and authorised and regulated by the United Kingdom Financial Services Authority) provide investment products and services.
The Henderson Horizon Fund (the Fund) is a Luxembourg SICAV incorporated on 30 May 1985 and regulated by the Luxembourg Financial Services Regulatory Authority.
Atlas JMFS Investments Services Limited (Atlas JMFS) is the Representative in Malta of Henderson Global Investors. Henderson Horizon Fund is authorised to be marketed in Malta in line with the UCITS Directive. Atlas JMFS Investments Services Limited (IS30176), 67 Level 3 South Street, Valletta, Malta is licensed to conduct investment services business by the MFSA, Notabile Road, Attard BKR3000, Malta, and is a member firm of the Malta Stock Exchange, Garrison Chapel, Castile Place, Valletta VLT1063, Malta.
The sub-funds of the Henderson Horizon Funds which have been authorised to be marketed in Malta are eight equity funds and one bond fund.
Investors should remember that the value of investments and any income derived can go down as well as up and past performance is no guarantee to future performance. Any investment decision must be made solely on the basis of the information contained in the prospectus, which is available on request from Henderson Global Investors and may be obtained from the local representative Atlas JMFS.