CFD Markets News and Forecasts — 14-08-2012

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14.08.2012
19:00
Dow +21.43 13,190.86 +0.16% Nasdaq +2.68 3,025.20 +0.09% S&P +3.05 1,407.16 +0.22%
18:15
American focus: the dollar regained lost ground

During the first half of the day the dollar was under pressure against the publication of important data for Germany, which eventually allowed the euro to grow substantially, updating the yesterday's high. The growth rate of the single currency has continued to publish data on the GDP of Germany, who came out better than expected, showing thus an increase of 0.3%, compared with expectations at 0.1%. Following this trend in the market began to change as market participants moved on to more important event, which led to an increase in sales of the currency. Before the release of GDP data for the Eurozone euro currency exchange rate showed a slight decline, which continued after the publication of the report. During the rest of the day the euro was unable to regain its positions. The fall continued after the United States provided data on the level of retail sales and producer price index, which eventually helped the dollar to establish a new session, at least relative to the dollar.

The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.

The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth. During the day, the yen gradually declined against the dollar, and after U.S. data updated four-week high. Eventually, the couple during the day showed an increase in the bag are his work 80 points, and was able to escape from a narrow trading range, which is restrained by a pair of upward movement.

Reduced now show as the New Zealand dollar. Against the background provided a report on the level of retail sales, which came out mixed, the rate began a slight decrease, which increased dramatically after the publication of data on the U.S.. And as a result of the exchange rate was able to update yesterday's low against the dollar and continue its decline even further.

Also pleased with the dynamics of trading today, and the Australian dollar, which fell on the session for more than half of the figure, updating the at least Friday.

17:30
European stocks close:

European stocks gained, rebounding from a two-day decline, as a report showed German growth slowed less than forecast, while minutes revealed that several Bank of Japan policy makers are prepared to stimulate the economy.

Standard Life Plc (SL/) rallied 8.1 percent as first-half profit at Scotland’s biggest insurer rose 15 percent. A.P. Moeller- Maersk A/S advanced 3.2 percent after increasing the full-year forecast for its container-shipping unit. CRH Plc (CRH) plunged 4.8 percent after saying a European sales decline will worsen.

The Stoxx Europe 600 Index (SXXP) gained 0.7 percent to 270.54 at the close.

Germany’s economic growth slowed less in the second quarter than economists had forecast as exports and household spending helped to fend off the impact of the sovereign-debt crisis on Europe’s largest economy. Gross domestic product rose 0.3 percent from the first quarter.

National benchmark indexes advanced in 15 of the 18 western-European markets today.

FTSE 100 5,864.78 +32.90 +0.56% CAC 40 3,450.27 +23.86 +0.70% DAX 6,974.39 +64.71 +0.94%

In Tokyo, minutes of the BOJ’s last meeting showed several board members said the central bank should not dismiss any policy options in combating risks to the economy.

A U.S. Commerce Department release showed that retail sales rose in July more than economists had predicted. They climbed 0.8 percent, their first advance in four months, exceeding the 0.3 percent median estimate of economists.

Standard Life surged 8.1 percent to 277.4 pence as operating profit climbed to 302 million pounds ($474 million) from 262 million pounds a year earlier. That beat the 263 million-pound median prediction of analysts.

Maersk advanced 3.2 percent to 41,880 kroner after reporting that its container business, the world’s largest, returned to profit in the second quarter as freight rates jumped. The company predicted a modest full-year profit for the unit. It had projected a “negative to neutral” result.

Aker Solutions ASA (AKSO) climbed 5.7 percent to 101.50 kroner. The Norwegian oil-services company reported second-quarter profit and sales that beat estimates.

Galp Energia SGPS SA (GALP) rose 1.3 percent to 11.72 euros after Portugal’s biggest oil producer said tests confirmed the presence of good quality crude at a well off the coast of Brazil known as Carcara. Galp holds a 14 percent stake in the consortium exploring the Carcara well.

Hochtief AG (HOT) declined 2.3 percent to 40 euros as Germany’s largest builder said that its profit targets for the year have become more challenging. The company set aside money for a delayed concert-hall project. It posted a second-quarter net loss of 15 million euros.

16:10
European stocks close in plus: FTSE 100 5,864.78 +32.90 +0.56% CAC 40 3,450.27 +23.86 +0.70% DAX 6,974.39 +64.71 +0.94%
15:45
Oil rises

Oil advanced in New York for the first time in three days on better-than-expected economic data from the U.S. and Germany.

Prices climbed after the Commerce Department reported retail sales advanced 0.8 percent, the first gain in four months and more than the 0.3 percent estimated by economists. Germany’s gross domestic product rose 0.3 percent from the first quarter, the Federal Statistics Office in Wiesbaden said. Economists predicted a 0.2 percent increase.

The pickup in U.S. retail sales last month followed a quarter in which household spending grew at the slowest pace in a year. Consumer purchases, about 70 percent of the economy, expanded at a 1.5 percent annual rate from April to June, according to Commerce Department data.

In Germany, second-quarter expansion was driven by consumption and net trade, with exports rising more than imports, the statistics office said.

Oil also rose on speculation that U.S. crude stockpiles dropped. Inventories probably declined by 1.75 million barrels last week, according to the median response before an Energy Department report tomorrow. The American Petroleum Institute will release separate inventory data today.

The cost of the September futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now at $ 93.50 a barrel.

September futures price for North Sea Brent crude oil mixture is now $113,61  a barrel on the ICE Futures Europe Exchange.

15:30
Gold prices fell sharply

Gold futures fell Tuesday as upbeat U.S. retail sales data dimmed expectations for more monetary easing from the Federal Reserve.

Gold futures turned lower after data showed U.S. retail sales rose for the first four months in July, a good sign for the consumer driven economy. The Commerce Department reported retail sales rose 0.8% in July, more than economists' expectations for a 0.2% increase.

In response, the U.S. dollar gained and gold briefly fell below the $1,600 a troy ounce mark for the first time in more than a week, moves traders attributed to weakening expectations for more Federal Reserve support for the U.S. economy.

The benchmark contract fell as low as $1,593.60 an ounce, the lowest intraday price since Aug. 3.

Weakening U.S. economic growth in recent months has spurred speculation that the central bank would ease monetary policy. Such moves can draw investors into gold and other precious metals on the view that the increased liquidity in the financial system would hit the value of paper currency.

Gold fell Monday, as investors cut bets on central bank action, and demand worries about major consumer India mounted. Executives there said gold imports may fall by about 30% this year, partially the result of a weak local currency that keeps the gold price near record highs despite the decline in dollar-denominated metal during the last year.

The cost of the August gold futures on the COMEX today reached a low of 1591.2 dollars per ounce, and then increased slightly and is now trading at around 1600.1 dollars per ounce.

14:00
U.S.: Business inventories , June +0.1% (forecast +0.3%)
13:45
Option expiries for today's 1400GMT cut:

EUR/USD $1.2250, $1.2260, $1.2335, $1.2370, $1.2400

USD/JPY Y78.45, Y78.25

GBP/USD $1.5700, $1.5600

EUR/GBP stg0.7800

AUD/USD Aussie; $1.0550, $1.0600

NZD/USD $0.8200

13:36
US Stocks open: Dow 13,217.28 +47.85 +0.36%, Nasdaq 3,033.11 +10.59 +0.35%, S&P 1,409.79 +5.68 +0.40%
13:30
FTSE 100 5,857.43 +25.55 +0.44% CAC 40 3,446.83 +20.42 +0.60% DAX 6,977.61 +67.93 +0.98%
13:27
Before the bell: S&P futures +0.30%, Nasdaq futures +0.41%

 

 

U.S. stock-index futures rose  as faster-than-forecast growth in retail sales bolstered optimism in the economy.

Global Stocks:

Nikkei  8,929.88 +44.73 +0.50%
Hang Seng 20,291.68 +210.32 +1.05%
Shanghai Composite 2,142.52 +6.45 +0.30%
FTSE  5,855.32 +23.44 +0.40%
CAC  3,440.59 +14.18 +0.41%
DAX 6,967.42 +57.74 +0.84%
Crude oil $93.04 +0,33%
Gold $1598.90 -0.85%

12:32
U.S.: PPI, y/y, July +0.5% (forecast +0.5%)
12:32
U.S.: PPI excluding food and energy, Y/Y, July +2.5% (forecast +2.3%)
12:31
U.S.: PPI excluding food and energy, m/m, July +0.4% (forecast +0.2%)
12:31
U.S.: PPI, m/m, July +0.3% (forecast +0.3%)
12:31
U.S.: Retail sales, July +0.8% (forecast +0.4%)
12:30
U.S.: Retail sales excluding auto, July +0.8% (forecast +0.4%)
12:10
European session: euro fell

Data

01:30 Australia National Australia Bank's Business Confidence July -3 4

01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%

01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%

05:30 France GDP, q/q (preliminary) Quarter II 0.0% -0.1% 0.0%

05:30 France GDP, Y/Y (preliminary) Quarter II +0.3% +0.2% +0.3%

05:30 France CPI, m/m July 0.0% -0.2% -0.5%

05:30 France CPI, y/y July +1.9% +2.2%

06:00 Germany GDP (QoQ) (preliminary) Quarter II +0.5% +0.1% +0.3%

06:00 Germany GDP (wda) (YoY) (preliminary) Quarter II +1.7% +0.9% +1.0%

06:45 France Non-Farm Payrolls (preliminary) Quarter II +0.1% -0.1% -0.1%

07:15 Switzerland Producer & Import Prices, m/m July -0.3% -0.2% -0.3%

07:15 Switzerland Producer & Import Prices, y/y July -2.2% -1.7% -1.8%

08:30 United Kingdom HICP, m/m July -0.4% -0.1% +0.1%

08:30 United Kingdom HICP, Y/Y July +2.4% +2.3% +2.6%

08:30 United Kingdom HICP ex EFAT, Y/Y July +2.1% +2.1% 3.2%

08:30 United Kingdom Retail Price Index, m/m July -0.2% -0.2% +0.1%

08:30 United Kingdom Retail prices, Y/Y July +2.8% +2.8% +3.2%

08:30 United Kingdom RPI-X, Y/Y July +2.8% +2.9% 3.2%

09:00 Germany ZEW Survey - Economic Sentiment August -19.6 -19.2 -25.5

09:00 Eurozone ZEW Economic Sentiment August -22.3 -19.1 -21.2

09:00 Eurozone GDP (QoQ) (preliminary) Quarter II 0.0% -0.2% -0.2%

09:00 Eurozone GDP (YoY) (preliminary) Quarter II 0.0% -0.4% -0.4%

09:00 Eurozone Industrial production, (MoM) June +0.6% -0.4% -0.6%

09:00 Eurozone Industrial Production (YoY) June -2.8% -2.1% -2.1%

09:30 United Kingdom BOE Inflation Letter August


The euro rose today against the dollar and yen, as the published data showed that German growth slowed less than economists forecast, while the French managed to avoid a sudden contraction. But this increase was short-lived, as market participants moved on to another important event - the level of euro area GDP. In anticipation of the release of the data rate of the euro began its decline that has intensified after the publication of the report. It is learned that the gross domestic product fell for the second quarter by 0.2%, which was in line with expectations. Recall that in the first quarter growth was zero.

The yen weakened against 16 major currencies after reports the Bank of Japan showed that the politicians are considering the possibility of extension of incentives to support economic growth.

The pound fell against the euro after a report showed that housing prices in the UK in July fell to -24 from -22, while showing the lowest rate for the year, underscoring the weakness of the economy. Also, to reduce the influence published data on the consumer price index. It is learned that the CPI rose by 2.6% on an annualized basis, compared to 2.4% in June. At the same time, economists expect the figure will be 2.3%.


EUR/USD: during the European session, the pair reached a high of $ 1.2386, and then declined and is now trading at $ 1.2350/60 area

GBP/USD: a pair of rose, updating the yesterday's high, then dropped sharply and is now trading at $ 1.5700

USD/JPY: during the European session, the pair shows a steady growth, and gradually approaching the level of resistance Y78.78


At 12:30 GMT the U.S. will announce the change of volume of retail trade, changes in retail sales, excluding auto sales, the change in volume of retail trade sales, excluding cars and fuel for July. Also during this time will the producer price index, producer price index excluding prices for food and energy prices in July. At 14:00 GMT the U.S. will provide data on changes in stocks at commercial stores in June. Complete day in the U.S. 20:30 GMT information about changing the volume of crude oil, according to the API for August

11:30
Orders

EUR/USD

Offers $1.2445, $1.2420, $1.2385/90

Bids $1.2325/20, $1.2300

AUD/USD

Offers $1.0620, $1.0610/15, $1.0600, $1.0575/80, $1.0550

Bids $1.0500, $1.0480/70, $1.0450

GBP/USD

Offers $1.5800/10, $1.5780, $1.5750

Bids $1.5635/30, $1.5600

EUR/JPY

Offers Y98.20, Y98.00, Y97.60, Y97.50, Y97.30/35

Bids Y96.55/50, Y96.20, Y96.05/00, Y95.80, Y95.70

USD/JPY

Offers Y79.20/25, Y79.00, Y78.80, Y78.70

Bids Y78.15/10, Y78.00, Y77.50

10:00
Europe stock indices show growth

Growth of the major indices began trading in Europe. Day is full of stats data, but had a positive impact on GDP data in Germany. In the II quarter figure was 0.3% while the forecast was 0.1%.

It also supported the market published minutes of the meeting of the Bank of Japan, which showed that some representatives of the Central Bank ready to vote for further measures to stimulate economic growth.

FTSE 100 5,865.4 +33.52 +0.57%

CAC 40 3,446.88 +20.47 +0.60%

DAX 6,969.71 +60.03 +0.87%

Shares of freight APMoller-Maersk A / S, increased by 1.9% against the forecast increase in profits units, which is engaged in container freight. In the II quarter of 2012 the unit APMoller-Maersk (which is, incidentally, is the largest in the world) has returned to profitability.

Net loss of German tourist holding company TUI AG, available for distribution to shareholders of the company, for the first 9 months of 2011-2012 fiscal year that ended June 30 rose by 19.6% - up to 276.1 million euros. Despite this, the company's shares rise in value by almost 3%.

09:29
Option expiries for today's 1400GMT cut

 

 

EUR/USD $1.2200, $1.2400

 

USD/JPY Y78.00, Y78.50, Y78.70

EUR/GBP stg0.7790

EUR/AUD $1.1600

 

09:19
Asia Pacific stocks close:

 

 

Asian stocks rose as Bank of Japan minutes showed policy makers are considering steps to boost the economy, and before U.S. retail sales data expected to signal demand is recovering in the world’s largest economy.

Nikkei 225 8,929.88 +44.73 +0.50%

S&P/ASX 200 4,292.2 +8.91 +0.21%

Shanghai Composite 2,142.52 +6.45 +0.30%

Yue Yuen Industrial Holdings Ltd., which makes shoes for Nike Inc., rose 1.1 percent in Hong Kong.

Noble Group Ltd., Asia’s biggest-listed commodity supplier, gained 7.2 percent in Singapore after second-quarter profit rose 39 percent.

Swire Properties Ltd. slumped 5.7 in Hong Kong after saying John Swire & Sons Ltd. is selling shares in the commercial landlord.

09:03
Eurozone: ZEW Economic Sentiment, August -21.2 (forecast -19.1)
09:01
Germany: ZEW Survey - Economic Sentiment, August -25.5 (forecast -19.2)
09:00
Eurozone: Industrial Production (YoY), June -2.1% (forecast -2.1%)
09:00
Eurozone: Industrial production, (MoM), June -0.6% (forecast -0.4%)
09:00
Eurozone: GDP (YoY), Quarter II -0.4% (forecast -0.4%)
09:00
Eurozone: GDP (QoQ), Quarter II -0.2% (forecast -0.2%)
08:39
FTSE 100 5,802.45 -6.32 -0.11%, CAC 40 3,422.11 +20.55 +0.60% , Xetra DAX 6,951.58 +32.86 +0.47%
08:38
United Kingdom: RPI-X, Y/Y, July 3.2% (forecast +2.9%)
08:37
United Kingdom: HICP ex EFAT, Y/Y, July 3.2% (forecast +2.1%)
08:36
United Kingdom: Retail prices, Y/Y, July +3.2% (forecast +2.8%)
08:35
United Kingdom: Retail Price Index, m/m, July +0.1% (forecast -0.2%)
08:33
United Kingdom: HICP, Y/Y, July +2.6% (forecast +2.3%)
08:32
United Kingdom: HICP, m/m, July +0.1% (forecast -0.1%)
08:19
Asian session: The yen weakened versus all 16 major counterparts

 

 

01:30 Australia National Australia Bank's Business Confidence July -3 4

01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%

01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%


The yen weakened versus all 16 major counterparts as Asian shares rallied and minutes of the Bank of Japan’s July meeting signaled policy members are considering ways to expand stimulus. Japan’s currency slid for a second day against the euro as Asian equities halted a two-day decline, curbing demand for haven assets. The BOJ avoided adding stimulus at its July meeting, expanding its asset-purchase program to 45 trillion yen ($574 billion) from 40 trillion, while cutting its loan facility to 25 trillion yen from 30 trillion yen.

The euro maintained gains after data today showed France’s economy unexpectedly avoided a contraction and German growth slowed less than forecast during the second quarter. France’s gross domestic product was unchanged in the second quarter from the first, national statistics office Insee in Paris said today in an e-mailed statement. Economists forecast a 0.1 percent decline, according to the median of 26 estimates in a Bloomberg News survey.

Germany’s GDP rose 0.3 percent from the first quarter, when it gained 0.5 percent, the Federal Statistics Office said in Wiesbaden today. Economists predicted a 0.2 percent increase, according to the median estimate in a Bloomberg poll. The euro region will report GDP figures later today.

The New Zealand dollar strengthened after the statistics bureau said today sales adjusted for inflation gained 1.3 percent in the three months through June. That compares with a 0.6 percent decline in the first quarter and a 0.7 percent gain estimated in a Bloomberg survey.


EUR / USD: during the Asian session the pair rose to $1.2350.


GBP / USD: during the Asian session the pair rose, approaching $1.5700.


USD / JPY: during the Asian session the pair gain and continued Monday’s growth.



Tuesday is a much busier day for data, starting at 0530GMT with France HICP for July, which is expected to come in at -0.5% m/m, 2.3%  y/y and, at the same time, flash Q2 GDP, which is expected at -0.1% q/q. Germany releases Q2 flash GDP at 0600GMT, which is expected to rise 0.2% q/q. France is back at 0630GMT with the BoF retail survey and then at 0645GMT with Q2 employment data. Final Spain HICP data is due at 0700GMT. The main core-European release is the 0900GMT German ZEW survey, which is expected to be mixed with a forecast for the current situation reading of 17.5 (from 21.1) and economic sentiment reading of -19.3 (from -19.6). Also at 0900GMT, EMU industrial output is expected at -0.7% m/m, -2.1% y/y, while EMU Q2 flash GDP data is seen at -0.2% q/q. UK data sees Consumer Prices for July at 0830GMT. Headline CPI fell sharply to hit 2.4% in June and in this month's Inflation Report the Bank of England's Monetary Policy Committee forecast it would decline further this year. US data starts at 1145GMT with the weekly ICSC-Goldman Store Sales data, which is followed at 1230GMT by both the Producer Price Index and Retail & Food Sales data. Producer prices are expected to rise 0.2% in July after rising 0.1% in June. The weekly Redbook Average follows at 1255GMT, while at 1400GMT both Business Inventories and the latest IBD/TIPP Economic Optimism Index are due.

07:39
Forex: Monday’s review

 

 

Yesterday, the mood of the market was moderately positive. During the first half of trading the euro rose against the U.S. dollar in low trading volume after the economic data were better than expected in Greece, and Italy's auction of treasury bills placement is successful. According to Italy has sold treasury bills to the bag 8 billion euros ($ 9.9 billion). Demand for the dollar was weak on the eve of release of data on the level of retail sales and industrial production, which will be published this week. But despite the significant growth that was more a figure during the European session, the euro is still unable to resist the pressure from sellers in the U.S. session. Ultimately the dollar against the euro to regain 40% of incurred losses during the day.

The pound fell against the euro after the Bank of England Governor Mervyn King said that the debt crisis in the euro area continue to hamper economic growth in the UK. Also on the depreciation of the currency affected by the fact that market participants are waiting for the publication of data on inflation, which is expected to slow to the minimum values ​​for the two and a half years.

The first part of the day the yen rose against most of the 16 major currencies as investors sought safe haven for their assets against the debt crisis in Europe, which negatively affects the growth of the global economy. It is also to strengthen the currency impact data, which showed that Japan's economy grew less than expected. Economic growth in Japan fell to 1.4% per annum in the second quarter compared with a revised 5.5 percent in the first three months of the year. But even after such a building could not hold out a couple of achieved values, and the remainder of the session showed growth, updating the maximum value of the day.

Course of the New Zealand dollar rose as market participants are waiting for the release of data on the level of retail sales that are projected to increase by 0.7%.

Also during the session were also recorded depreciation of the Australian dollar fell against 14 of the 16 major currencies as signs the global economic crisis eroded demand for higher-yielding currencies.

07:18
Switzerland: Producer & Import Prices, y/y, July -1.8% (forecast -1.7%)
07:18
Switzerland: Producer & Import Prices, m/m, July -0.3% (forecast -0.2%)
07:05
Stocks: Monday’s review

 

 

Asian stocks dropped, with the regional benchmark index trimming the biggest weekly advance since January, after companies Asian stocks swung between gains and losses as slowing economic growth in Japan added to signs of a deepening global slump, and amid optimism the U.S. Federal Reserve will add new stimulus.

Nikkei 225 8,885.15 -6.29 -0.07%

S&P/ASX 200 4,283.3 +6.00 +0.14%

Shanghai Composite 2,141.32 -27.49 -1.27%

Nexon Co. sank 8.1 percent in Tokyo, sliding for a second day after the developer of online games cut its profit forecast.

BlueScope Steel Ltd. surged 35 percent in Sydney after agreeing to sell some of its operations to Nippon Steel Corp.

Honda Motor Co., a Japanese carmaker that depends on North America for almost half its revenue, climbed 0.7 percent after a report the Fed Bank of San Francisco’s president is in favor of taking measures to boost the economy.

Genting Singapore Plc slid 2.3 percent after the casino-resort operator’s sales missed estimates.


European stocks retreated as slowing economic growth in Japan offset increased demand at an Italian debt auction.

Petrofac (PFC) Ltd. fell 5.2 percent as the oil and gas engineer said profit growth will slow. Unicredit SpA and Intesa (ISP) Sanpaolo SpA advanced after Italy sold 8 billion euros ($9.9 billion) of debt.

The Stoxx 600 fell 0.4 percent to 268.72 at the close of trade.

National benchmark indexes fell in 14 of the 18 western European markets today.

FTSE 100 5,831.88 -15.23 -0.26% CAC 40 3,426.41 -9.21 -0.27% DAX 6,909.68 -34.88 -0.50%  

Japanese data today showed a reconstruction-fueled rebound in the country’s economy waned in the second quarter as consumer spending growth almost stalled and export gains diminished.

Gross domestic product advanced an annualized 1.4 percent in the three months through June, less than the median economist estimate of 2.3 percent.

Julius Baer (BAER) dropped 7.4 percent to 32.80 Swiss francs after the money manager agreed to pay about 860 million francs ($880 million) for Bank of America’s Merrill Lynch non-U.S. wealth management business. The company plans to raise 750 million francs through a rights offering to help fund the deal.

Petrofac dropped 5.2 percent to 1,486 pence for a fourth- day of declines after the U.K. oil and gas engineer said profit growth in the second half will slow as projects are delayed. The company reported first-half net profit of $325 million, beating the average analyst estimate of $314 million.

Nokia Oyj (NOK1V) declined 6 percent to 2.18 euros.

Solarworld AG (SWV) sank 12 percent to 1.16 euros after Germany’s biggest panel-maker said it sees lower full-year revenue in 2012 from a year earlier. The company reported a second-quarter net loss of 161 million euros and sales of 169.6 million euros for the period.

Unicredit (UCG), Italy’s largest bank, rose 1 percent to 2.94 euros. Intesa, the country’s second-biggest, gained 0.8 percent to 1.10 euros.


Even though the observed correctional movement, the major U.S. stock indexes have not been able to cover all losses incurred today and closed in the red.

The pressure on the indices continue to have concerns about further slowdown in the global economy.

The reason for these fears have data on Japan's GDP and lower projections for growth in the Chinese economy.

The published statistics of Japan's GDP grew recorded in the 2nd quarter by 0.3% q / q in the expectations of 0.6%.

Today, analysts are Bank of America (BAC) reduced the growth forecast for China's economy in 2012 to 7.7% from 8.0%.

Under the pressure of today were the shares of companies that depend heavily on economic growth. In particular, substantial losses are shares of miners and producers of raw materials.

As part of the index DOW almost all components are in red. The growth shows only American Express Company (AXP, +0.47%), Walt Disney Co. (DIS, +0.36%), Kraft Foods Inc. (KFT, +0.12%), 3M Co. (MMM, +0.02%). More than others in the share price fell DuPont (DD, -1,7%).

Branches in the context of all major sectors of the index S & P are in the red. Most of all basic materials sector fell (-0.9%).

At the time of closure:

Dow -38.52 13,169.43 -0.29%

Nasdaq +1.66 3,022.52 +0.05%

S & P -1.76 1,404.11 -0.13%

06:45
France: Non-Farm Payrolls, Quarter II -0.1% (forecast -0.1%)
06:19
Early calls from spreadbetters see the major European indices opening higher Tuesday: the FTSE up 27, the DAX up 37, the CAC up 11.
06:00
Germany: GDP (wda) (YoY), Quarter II +1.0% (forecast +0.9%)
06:00
Germany: GDP (QoQ), Quarter II +0.3% (forecast +0.1%)
05:33
France: GDP, Y/Y, Quarter II +0.3% (forecast +0.2%)
05:32
France: GDP, q/q, Quarter II 0.0% (forecast -0.1%)
05:31
France: CPI, y/y, July +2.2%
05:31
France: CPI, m/m, July -0.5% (forecast -0.2%)
05:26
Commodities. Daily history for Aug 13’2012:

Change % Change Last

 

Oil $92.75 +0.02 +0.02%

Gold $1,613.00 +0.40 +0.02%

05:26
Stocks. Daily history for Aug 13'2012:

Change % Change Last

 

Nikkei 225 8,885.15 -6.29 -0.07%

S&P/ASX 200 4,283.3 +6.00 +0.14%

Shanghai Composite 2,141.32 -27.49 -1.27%

FTSE 100 5,831.88 -15.23 -0.26%

CAC 40 3,426.41 -9.21 -0.27%

DAX 6,909.68 -34.88 -0.50%  

Dow -38.52 13,169.43 -0.29%

Nasdaq +1.66 3,022.52 +0.05%

05:26
Currencies. Daily history for Aug 13'2012:

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,2332 +0,36%

GBP/USD $1,5680 -0,03%

USD/CHF Chf 0,9737 -0,34%

USD/JPY Y78,32 +0,06%

EUR/JPY Y96,58 +0,41%

GBP/JPY Y122,79 0,00%

AUD/USD $1,0516 -0,56%

NZD/USD $0,8090 -0,52%

USD/CAD C$0,9924 + 0,16%

05:01
Schedule for today, Tuesday, Aug 14’2012:

01:30 Australia National Australia Bank's Business Confidence July -3 4

01:30 Australia New Motor Vehicle Sales (MoM) July -0.6% -0.8%

01:30 Australia New Motor Vehicle Sales (YoY) July +18.4% +5.0%

05:30 France GDP, q/q (preliminary) Quarter II 0.0% -0.1%

05:30 France GDP, Y/Y (preliminary) Quarter II +0.3% +0.2%

05:30 France CPI, m/m July 0.0% -0.2%

05:30 France CPI, y/y July +1.9%

06:00 Germany GDP (QoQ) (preliminary) Quarter II +0.5% +0.1%

06:00 Germany GDP (wda) (YoY) (preliminary) Quarter II +1.7% +0.9%

06:45 France Non-Farm Payrolls (preliminary) Quarter II +0.1% -0.1%

07:15 Switzerland Producer & Import Prices, m/m July -0.3% -0.2%

07:15 Switzerland Producer & Import Prices, y/y July -2.2% -1.7%

08:30 United Kingdom HICP, m/m July -0.4% -0.1%

08:30 United Kingdom HICP, Y/Y July +2.4% +2.3%

08:30 United Kingdom HICP ex EFAT, Y/Y July +2.1% +2.1%

08:30 United Kingdom Retail Price Index, m/m July -0.2% -0.2%

08:30 United Kingdom Retail prices, Y/Y July +2.8% +2.8%

08:30 United Kingdom RPI-X, Y/Y July +2.8% +2.9%

09:00 Germany ZEW Survey - Economic Sentiment August -19.6 -19.2

09:00 Eurozone ZEW Economic Sentiment August -22.3 -19.1

09:00 Eurozone GDP (QoQ) (preliminary) Quarter II 0.0% -0.2%

09:00 Eurozone GDP (YoY) (preliminary) Quarter II 0.0% -0.4%

09:00 Eurozone Industrial production, (MoM) June +0.6% -0.4%

09:00 Eurozone Industrial Production (YoY) June -2.8% -2.1%

09:30 United Kingdom BOE Inflation Letter August

12:30 U.S. Retail sales July -0.5% +0.4%

12:30 U.S. Retail sales excluding auto July -0.4% +0.4%

12:30 U.S. PPI, m/m July +0.1% +0.3%

12:30 U.S. PPI, y/y July +0.7% +0.5%

12:30 U.S. PPI excluding food and energy, m/m July +0.2% +0.2%

12:30 U.S. PPI excluding food and energy, Y/Y July +2.6% +2.3%

14:00 U.S. Business inventories June +0.3% +0.3%

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