- Analytics
- News and Tools
- Market News
CFD Markets News and Forecasts — 18-02-2013
European stocks retreated for a third day as companies including Carlsberg A/S missed earnings estimates and European Central Bank President Mario Draghi said he sees risks to the euro area’s recovery.
Draghi said that while he expects economic weakness at the beginning of the year to be followed by a “very gradual” recovery later in 2013, risks remain to the economic outlook for the euro region. “They relate to the possibility of weaker than expected domestic demand and exports, slow implementation of structural reforms in the euro area, as well as geopolitical issues and imbalances in major industrialised countries,” he told lawmakers in the European Parliament in Brussels. “These factors have the potential to dampen the ongoing improvement in confidence and thereby delay the recovery.”
Global finance chiefs signaled Japan has scope to keep stimulating its economy as long as policy makers cease publicly advocating a sliding yen. The message was delivered at weekend talks of finance ministers and central bankers from the Group of 20 in Moscow.
National benchmark index fell in 14 of the 18 western- European markets. France’s CAC 40 added 0.2 percent, while the U.K.’s FTSE 100 slipped 0.2 percent. Germany’s DAX gained 0.5 percent.
Carlsberg tumbled 5.8 percent to 567.50 kroner. Fourth- quarter earnings advanced to 2.15 billion kroner ($384 million) from 1.83 billion kroner in the same period a year earlier, Carlsberg said. That compares with the 2.28 billion-kroner median estimate of analysts. The Danish owner of Russia’s biggest brewer forecast annual earnings before interest, tax and some one-time items will be about 10 billion kroner. It reported profit on the same basis of 9.8 billion kroner for 2012.
Natixis jumped 22 percent to 3.48 euros after the investment-banking unit of France’s second-largest lender by branches said it will make a payment to shareholders after selling back stakes in its parent’s banking networks. Natixis plans to sell holdings valued at 12.1 billion euros to French regional lenders Banques Populaires and Caisses d’Epargne, which jointly form its parent, Groupe BPCE.
West Texas
Intermediate oil was little changed following a 1.5 percent tumble on Feb. 15,
the biggest drop in two weeks.
Crude for
March delivery traded in a range of $95,45
–
Brent oil
for April settlement on the ICE Futures Europe exchange was down 6 cents at
$117.60 a barrel, with trading volume 65 percent below the 100-day average. The
European benchmark crude was at a premium of $21.38 to WTI, versus $21.25 on Feb.
15. The gap had expanded to $23.18 on Feb. 8, the widest since Nov. 26.
Gold prices on Monday during the Asian session grew and recovered from a six-month low due to return to the physical market of Chinese customers, but the strong dollar restrains growth.
Premiums for gold bars in Hong Kong rose to $ 1.70 an ounce to prices in London from $ 1.50 last week, pointing to a rise in demand from jewelers, director of Lee Cheong Gold Dealers in Hong Kong Ronald Leung, adding that he doubted the stability demand.
"A strong dollar - is the most important factor. Mood is not very optimistic even with the tensions in North Korea," - said Leung. Gold as a safe asset is usually more expensive in the amplification of geopolitical tensions.
North Korea's ally China said to be preparing another one or two nuclear tests this year in an attempt to force the U.S. to begin a diplomatic dialogue with Pyongyang, said a source familiar with the message of North Korea.
Gold prices could not be fixed at the levels reached during the Asian session, as the U.S. stock markets are closed today in observance of President's Day. Before rushing to the $ 1670, in Europe, gold was returned to score points. How to write analysts Commerzbank, «the recent decline occurred against a significant outflow of funds from the gold ETF. In addition, the downward pressure on gold had mostly players futures market. "
April futures price of gold on COMEX today fell to 1606.70 dollars per ounce.
Sold E7.188bln vs target E6.0bln-E7.2bln
- E3.595bln 3-month BTF, avg yield 0.015% (0.012%), cover 2.29 (2.18)
- E1.798bln 6-month BTF, avg yield 0.050% (0.048%), cover 3.66 (3.23)
- E1.795bln 12-month BTF, avg yield 0.131% (0.145%), cover 2.78 (3.62)
EUR/USD $1.3350, $1.3375, $1.3400
USD/JPY Y93.25, Y94.00
GBP/USD $1.5600
EUR/CHF Chf1.2320
AUD/USD $1.0300, $1.0360, $1.0385
Data
00:01 United Kingdom Rightmove House Price Index (MoM) February +0.2% +2.8%
00:01 United Kingdom Rightmove House Price Index (YoY) February +2.4% +1.1%
00:30 Australia New Motor Vehicle Sales (MoM) January +2.2% -2.4%
00:30 Australia New Motor Vehicle Sales (YoY) January +17.% +10.8%
09:00 Eurozone Current account, adjusted, bln December 15.9 15.3 13.9
The yen fell against the dollar, while approaching to the maximum value from February 12, after a group of G20 countries to refrain from criticism of Japanese monetary policy, which triggered a sharp and substantial depreciation of the currency. Note that the yen has fallen by 13% against the dollar in the past three months, as Japan's Prime Minister Shinzo Abe announced an increase in costs and increased pressure on the Bank of Japan to raise monetary easing. The data show that the decline of the yen is the largest of the 16 major currencies.
Economists say that now the focus will be on the appointment of the new head of the Bank of Japan, which will replace the current head of Masaaki Shirakawa, who will retire on March 19.
The pound fell against 13 of its 16 major counterparts as futures traders increased bets that the currency will continue to decline. According to the data, the number of positions of hedge funds and other large speculators reduced pound was at 12 February 16 776, compared with the positions to buy at 1174. Also exerted pressure on the currency by the representative of the Bank of England Wil Martin, who noted that exports can benefit from the depreciation of the currency.
EUR / USD: during the European session the pair fell to the low of $ 1.3305, and set the high at $ 1.3378
GBP / USD: during the European session the pair fell to the low of $ 1.5436, but is now trading at $ 1.5477
USD / JPY: during the European session is reduced, and is now trading at Y93.93
At 14:30 GMT by an address by the President of the ECB Draghi. At 23:50 GMT, Japan will publish the minutes of the meeting of the Bank of Japan on monetary policy. We also note that today in Canada and the U.S. bank holiday.
EUR/USD
Offers $1.3450/60, $1.3415/25, $1.3400
Bids $1.3320, $1.3300, $1.3290/80, $1.3265/60, $1.3250
GBP/USD
Offers $1.5650, $1.5600/10, $1.5585, $1.5550, $1.5520, $1.5500
Bids $1.5420, $1.5400, $1.5390
AUD/USD
Offers $1.0400, $1.0380/85, $1.0350, $1.0335/40, $1.0310
Bids $1.0275/70, $1.0250, $1.0240/35, $1.0205/00, $1.0180/75, $1.0150
EUR/JPY
Offers Y127.45/50, Y126.95/00, Y126.50, Y126.30, Y125.90/00
Bids Y125.00, Y124.50, Y124.05/00
USD/JPY
Offers Y94.75, Y94.50, Y94.40, Y94.20/30
Bids Y93.70/50, Y93.00, Y92.65/60, Y92.50
EUR/GBP
Offers stg0.8685/90, stg0.8650
Bids stg0.8575/70, stg0.8545/40, stg0.8520/15
The main European stock indices are down a third straight session. The reason for today's pessimism was not satisfactory corporate reporting companies such as Carlsberg and TNT Express NV, as well as reducing the euro area balance of payments surplus for the end of December to the level of 13.900 billion euros, compared with 15.900 billion in the previous month.
FTSE 100 6,323.66 -4.60 -0.07%
DAX 7,604.79 +11.28 +0.15%
CAC 3,651.56 -9.26 -0.25%
Shares of the Danish brewing company Carlsberg fell 5% on the information that the operating profit of the company in the last quarter rose to 2.15 billion Danish crowns ($ 385 million) from 1.83 billion kronor a year earlier, with the market forecast called for earnings of 2 28 billion crowns.
The market value of the Dutch logistics company TNT has decreased by 1.2%. The company's revenue in the 4th quarter was 1.86 billion euros, while the market is predicted 1.89 billion euros and operating profit fell to 47 million euros from 58 million euros in the same period a year earlier. In addition, TNT said it expects difficulties in 2013 and falling profitability in Europe.
Course papers Spanish bank Banco Santander SA fell 1.2%.
Share prices of mining Rio Tinto Plc lost 1.2% on the London Stock Exchange.
EUR/USD $1.3375, $1.3400, $1.3500
USD/JPY Y92.00, Y92.50, Y92.60, Y92.90, Y93.25, Y94.00
GBP/USD $1.5600
EUR/CHF Chf1.2320
AUD/USD $1.0200, $1.0300, $1.0385
Asian stocks rose, with the regional benchmark index near an 18-month high, as Japanese shares rallied after the Group of 20 nations refrained from censuring the nation’s policies that have weakened the yen.
Nikkei 225 11,407.87 +234.04 +2.09%
Hang Seng 23,381.94 -62.62 -0.27%
S&P/ASX 200 5,063.42 +29.50 +0.59%
Shanghai Composite 2,421.56 -10.84 -0.45%
Toyota Motor Corp., the world’s biggest carmaker, rose 1.3 percent as the yen fell, boosting the earnings prospects for Japanese exporters.
Li & Fung Ltd., a supplier of toys and clothes to Wal-Mart Stores Inc., lost 1.4 percent in Hong Kong as internal e-mails showed the U.S. retailer had the worst sales start to a month in seven years as payroll-tax increases hit shoppers.
BlueScope Steel Ltd. surged 15 percent after Australia’s largest steelmaker reported a smaller net loss.
The yen fell against the dollar after an official from the G20 group reported that the latest draft of the statement does not repeat the G7 opinion as to whether that exchange rates should not be the object of politics. Meanwhile, the G20 called on members to avoid competitive devaluations, and stressed that exchange rates should be set by the market. Note that the yen fell by 7.2% this year against the dollar, which was associated with the desire to stimulate economic growth in Japan.
The Canadian dollar fell for the first time in four days against the U.S. dollar after Statistics Canada reported that the volume of supply in the industrial sector fell by -3.1% in December after rising 1.7% in November. Note that this decline was the worst in 43 months. Meanwhile, data showed that sales in manufacturing decreased to 48.02 million Canadian dollars (47.94 million U.S. dollars). Decline in December, according to analysts, primarily due to a decrease of 9.1% in the transport sector, and also in the assembly of cars (15.4%).
Pound shows its greatest weekly decline against the U.S. dollar since June, when the Office for National Statistics said that retail sales fell in January by 0.6%. This happened after a revised fall of 0.3% in December. Office for National Statistics indicated that the volume of retail sales in January was 0.6% lower than it was a year ago, that was the first time since the summer of 2011. Despite the fact that in the second half of the month was heavy snowfall, analysts were optimistic and predicted that the market will recover from disappointing data in December and shows a growth rate of 0.5%.
Asian stocks fell, with Japan’s Topix Index snapping the longest weekly winning streak in 40 years, as the yen rose and profit reports from Trend Micro Inc. and Rio Tinto Group disappointed investors.
Nikkei 225 11,173.83 -133.45 -1.18%
Hang Seng 23,444.56 +31.31 +0.13%
S&P/ASX 200 5,033.92 -2.96 -0.06%
Shanghai Composite Closed
Rio Tinto declined 2.7 percent in Sydney after the miner reported its biggest loss in at least 15 years.
Trend Micro tumbled 6.1 percent after the Japanese anti-virus software maker’s net income fell 23 percent.
Auckland International Airport Ltd. slumped the most in four years after a New Zealand pension fund reduced its stake in the nation’s busiest terminal.
European stocks were little changed as companies from PPR SA to Aker Solutions ASA reported earnings and finance ministers and central bankers from the Group of 20 nations met in Moscow.
PPR surged to an 11-year high after the French owner of Gucci reported profit that topped estimates.
The Stoxx Europe 600 Index slipped 0.2 percent to 287.34 at the close of trade in London.
A report showed American consumer confidence increased more than estimated this month. The Thomson Reuters/University of Michigan preliminary February index of sentiment rose to 76.3 from 73.8 the prior month. The gauge was projected to rise to 74.8, according to the median forecast.
National benchmark indexes rose in eight of the 18 western- European markets today.
FTSE 100 6,328.26 +0.90 +0.01% CAC 40 3,660.37 -9.23 -0.25% DAX 7,593.51 -37.68 -0.49%
PPR jumped 7.6 percent to 172 euros, the highest price since July 2001. The company’s so-called recurring operating income climbed 19 percent to 1.79 billion euros. The average estimate analysts called for 1.75 billion euros. The company said it expects its performance to improve further in 2013.
Eni SpA rose 2.1 percent to 17.69 euros. Italy’s biggest oil company proposed a 2012 dividend of 1.08 euros a share, up from 1.04 euros the previous year, even as Eni reported a 3.6 percent decline in fourth-quarter adjusted net income to 1.52 billion euros ($2 billion).
Anglo American Plc gained 1.3 percent to 2,039 pence. Full- year earnings per share amounted to $2.26, topping the average analyst projection for $1.92,
Gerresheimer AG advanced 3.9 percent to 43.17 euros, the highest price since it sold shares to the public in June 2007, after CA Cheuvreux and Kepler Capital Markets raised their recommendations for the stock.
Aker Solutions fell 11 percent to 107 kroner. The oil- services provider controlled by billionaire Kjell Inge Roekke reported fourth-quarter net income of 504 million kroner ($91 million), missing the average analyst projection that called for 678.6 million kroner.
Indexes started the session with a small plus, but failed to hold in positive territory, finished trading mixed. For the week the index DOW poteryad on 0,15%, Nasdaq fell by 0,07%, S & P500 gained 0.02%.
Data on the index of consumer sentiment from the Reuters / Michigan, which went much better than expected (76.3 points vs. 74.6 points) could not keep the indices of decline. The focus of market participants is a meeting of the "big twenty", which opened today in Moscow. Media reported that a draft communique to be issued later on, says that the country's "Big Twenty" would like to avoid high volatility of currency and disorderly movements in exchange rates.
Among corporate news worth noting the weakness of the shares in the world's largest retailer Wal-Mart Stores Inc (WMT). The reason for the reason of decrease WMT shares are reports of problems in its largest foreign subsidiary - British supermarket chain ASDA. These are found on the shelves of ASDA products, composed had come in, but in fact it contained horse meat. Associated with this scandal is growing in Europe.
DOW index components show a mixed trend. More than the others fell in the share price Wal-Mart Stores Inc (WMT, -2.30%). Leader with shares in The Coca-Cola Company (KO, +1.44%).
Sector of the S & P show a mixed trend. Leading conglomerates sector (+0.3%). Below is the rest of the basic materials sector (-0.9%).
At the close:
Dow +8.37 13,981.76 +0.06%
Nasdaq -6.63 3,192.03 -0.21%
S & P -1.59 1,519.79 -0.10%
00:01 United Kingdom Rightmove House Price Index (MoM) February +0.2% +2.8%
00:01 United Kingdom Rightmove House Price Index (YoY) February +2.4% +1.1%
00:30 Australia New Motor Vehicle Sales (MoM) January +2.2% -2.4%
00:30 Australia New Motor Vehicle Sales (YoY) January +17.% +10.8%
The yen fell against the dollar, extending losses that made it the worst-performing major currency in the past three months, after Group-of-20 nations refrained from censuring Japanese policies driving the decline. Two days of talks between G-20 finance ministers and central bankers ended in Moscow Feb. 16 with a statement pledging not to “target our exchange rates for competitive purposes,” without singling out Japan.
The pound slid toward a seven-month low on prospects the Bank of England will tolerate higher inflation. The Bank of England will release minutes of this month’s policy meeting on Feb. 20. The central bank left the target of its bond purchases unchanged on Feb. 7, saying inflation is likely to accelerate further in the near term and may stay above the BOE’s 2 percent target for the next two years.
The euro declined for a fourth day against the dollar ahead of Italy’s parliamentary election on Feb. 24-25. Silvio Berlusconi kicks off the week with a rally today in Milan. Berlusconi had 27.8 percent support in an SWG Institute survey published Feb. 8, compared with 33.8 percent for Pier Luigi Bersani, Berlusconi’s main rival.
EUR/USD: during the Asian session the pair fell to $1.3325.
GBP/USD: during the Asian session the pair fell to $1.5470.
USD/JPY: during the Asian session, the pair rose to Y94.20.
The European calendar gets underway at 0900GMT, with the release of the the EMU December Current account data. Also at 0900GMT, ECB Gov Council member Ewald Nowotny is set to speak, in Vienna. At 1000GMT, German Bundesbank Board member Andreas Dombret is scheduled to speakon financial stability, in Hamburg. Later, at 1100GMT, the German Bundesbank is slated to publish its latest monthly report. Monday's main set piece comes at 1430GMT, when ECB President Mario Draghi appears for his quarterly hearing before the Economic and Monetary Affairs Committee of European Parliament, in Brussels. Later, at 1630GMT, Draghi speaks as ESRB Chair before the Economic and Monetary Affairs Committee. Also at 1630GMT, German German Chancellor Angela Merkel will give a speech at the Chamber of Industry and Commerce Rheinhessen, in Mainz.
00:01 United Kingdom Rightmove House Price Index (MoM) February +0.2%
00:01 United Kingdom Rightmove House Price Index (YoY) February +2.4%
00:30 Australia New Motor Vehicle Sales (MoM) January +2.2%
00:30 Australia New Motor Vehicle Sales (YoY) January +17.%
09:00 Eurozone Current account, adjusted, bln December 14.8 15.3
13:30 U.S. Bank holiday February
13:30 Canada Bank holiday February
14:30 Eurozone ECB President Mario Draghi Speaks February
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
