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Analytics, News, and Forecasts for CFD Markets: stock news — 01-08-2012.
European stocks rose for the fourth time in five days as speculation central banks will take further steps to support the economic recovery outweighed the biggest contraction in U.K. manufacturing for three years.
A gauge of U.K. factory output, based on a survey by Markit Economics and the Chartered Institute of Purchasing and Supply, fell to 45.4 last month from a revised 48.4 in June, Markit said today. That’s the lowest in 38 months. A reading below 50 indicates contraction.
The Purchasing Managers’ Index in China unexpectedly fell to 50.1 in July, the weakest in eight months, from 50.2 in June, a government report showed today. Fifty marks the dividing line between expansion and contraction.
The Federal Reserve will conclude a two-day policy meeting after the close of European trading today. The U.S. central bank has carried out two rounds of so-called quantitative easing since Lehman Brothers Holdings Inc. collapsed in 2008, buying $2.3 trillion in bonds to boost the economy.
Bearish options on European stocks have fallen to the cheapest levels compared with bullish ones in 19 months as traders bet that Draghi will deliver on his promise to save the euro. The ECB will hold its next policy meeting tomorrow.
Benchmark indexes rose in seven of the 17 western European markets open today. The U.K.’s FTSE 100 (UKX) gained 1.4 percent while Germany’s DAX slipped 0.3 percent. Markets in Switzerland were closed for a holiday.
Standard Chartered Plc added 3.6 percent to 1,517.5 pence, the largest advance since June 6, after the U.K. bank that gets most of its revenue from Asia posted an 11 percent increase in first-half profit.
Bayerische Motoren Werke AG slid 2.9 percent to 58.99 euros. The world’s biggest maker of luxury cars reported a 19 percent drop in second-quarter profit amid increased spending on new models and “intense” pricing competition.
U.S. stocks are mixed as investors awaited the outcome of the Federal Reserve’s meeting for clues on more stimulus measures to support the world’s largest economy.
Currently:
Dow 13,052.04 +43.36 +0.33%
Nasdaq 2,935.69 -3.83 -0.13%
S&P 500 1,382.85 +3.53 +0.26%
U.S. stock futures rose as investors awaited the outcome of the Federal Reserve’s meeting for clues on more stimulus measures to support the economy.
Global Stocks:
Nikkei 8,641.85 -53.21 -0.61%
Hang Seng 19,820.38 +23.57 +0.12%
Shanghai Composite 2,123.36 +19.73 +0.94%
FTSE 5,698.48 +63.20 +1.12%
CAC 3,324.72 +33.06 +1.00%
DAX 6,776.54 +4.28 +0.06%
Crude oil $88.44 +0,43%
Gold $1611.00 -0.22%
Wal-Mart (WMT) was upgraded to a Hold from Sell at Deutsche Bank
The indices are growing against the backdrop of corporate news and an optimistic mood about the meeting of the European Central Bank, which will be held August 2 this year. It is expected that during the meeting of the ECB may purchase gosbondov restart the program to reduce the cost of credit for Spain and Italy.
At the moment:
FTSE 100 5,665.20 +29.92 +0.53%
DAX 6,775.41 +3.15 +0.05%
CAC 3,301.20 +9.54 +0.29%
The increase demonstrates the banking sector. Shares of Royal Bank of Scotland rose by 1,2%, HSBC - by 1.1%. Paper rose in price Lloyds Banking Group - by 0.3% and Barclays - by 0.2%.
Shares of ENI SpA rose 0.9% after the publication of the financial report for the I half of 2012. Net income for the period grew by 1.1% - up to 3.844 billion euros compared with a profit of 3.801 billion euros in the same period a year earlier. Net operating revenues ENI in January-June this year increased by 20.3% and amounted to 63.203 billion euros (previous year - 52.526 billion euros).
China’s manufacturing expanded at the slowest pace in eight months and South Korea’s exports fell. Japanese shares led declines on disappointing earnings reports.
Nikkei 225 8,641.85 -53.21 -0.61%
S&P/ASX 200 4,262.8 -6.35 -0.15%
Shanghai Composite 2,121.89 +18.25 +0.87%
Fanuc Corp. a maker of robotic controls for Chinese factories, fell 2.5 percent in Tokyo.
Samsung Electronics Co., South Korea’s biggest exporter of consumer electronics, slid 0.7 percent. Sumitomo Heavy Industries Ltd. and Komatsu Ltd. led industrial shares lower after cutting earnings forecasts.
Intrepid Mines Ltd., an Australian company exploring for gold in Indonesia, surged 32 percent after saying a new shareholder would help safeguard its project in the Southeast Asian country.
Asian stocks rose, with the regional benchmark index headed for a second monthly gain, on speculation the Federal Reserve and the European Central Bank may signal their readiness to stimulate growth amid signs of a global economic slowdown, boosting the earnings outlook for exporters.
Nikkei 225 8,695.06 +59.62 +0.69%
S&P/ASX 200 4,269.2 +23.49 +0.55%
Shanghai Composite 2,103.67 -6.24 -0.30%
Canon Inc., the world’s biggest camera maker, advanced 5.8 percent in Tokyo on a share buyback plan, pacing gains among information technology shares.
Hokuriku Electric Power Co. soared 14 percent, leading Japanese utilities higher after raising its sales forecast.
Campbell Brothers Ltd., a provider of laboratory services for the mining industry, slumped 10 percent in Sydney after saying volatility and uncertainty in the global economy may have a negative earnings impact.
European stocks fell, even as the Stoxx Europe 600 Index completed its second straight monthly rally, after companies including BP Plc and UBS AG posted earnings that missed forecasts and investors awaited the outcome of a two-day Federal Reserve meeting.
The German Finance Ministry said it sees no need to award a banking license to the euro-area’s permanent rescue fund, the European Stability Mechanism.
National benchmark indexes retreated in 16 of the 18 western-European markets today. The U.K.’s FTSE 100 Index slid 0.8 percent, while Germany’s DAX Index added 0.2 percent. France’s CAC 40 Index fell 0.6 percent.
BP lost 4.4 percent to 425.05 pence, the most since Sept. 22. Europe’s second-biggest oil company reported a loss in the second quarter as the company wrote down the value of U.S. assets and production dropped. BP reported a net loss of $1.4 billion compared with a profit of $5.7 billion a year earlier, the London-based company said today in a statement. Excluding one-time items and changes in inventories, profit missed analyst estimates.
UBS retreated 5.9 percent to 10.29 Swiss francs, the biggest decline since October. Switzerland’s biggest bank reported second-quarter profit that fell 58 percent, missing analysts’ projections, as its investment bank lost money on the Facebook Inc. share sale. Net income declined to 425 million francs ($434 million) from 1.02 billion francs a year earlier.
U.S. stocks fell, trimming a second monthly advance in the Standard & Poor’s 500 Index, as investors awaited the Federal Reserve’s monetary-policy decision tomorrow.
Equities fell on bets the Fed may forgo announcing a third round of large-scale asset purchases this week, and is more likely to wait until September to unveil plans to buy $600 billion in housing and government debt. Policy makers meeting today and tomorrow may wait for more employment data before deciding whether action is needed to boost an economy that’s slowed for two straight quarters.
Consumer spending in the U.S. stagnated in June as labor- market weakness prompted Americans to use the biggest gain in incomes in three months to build savings. Yet Americans may be growing less pessimistic about job prospects later in the year, with another report today showing consumer confidence rose unexpectedly for the first time in five months.
Pfizer Inc. (PFE) climbed 1.4 percent, the most in the Dow, to $24.04. The world’s largest drugmaker said it will file in mid- August to sell as much as 20 percent of its animal-health unit in an initial public offering. The company also reported profit that beat analyst estimates as a result of cost cutting.
Coach Inc., the largest U.S. luxury handbag maker, tumbled 19 percent after reporting revenue that trailed analysts’ estimates.
Change % Change Last
Nikkei 225 8,695.06 +59.62 +0.69%
S&P/ASX 200 4,269.2 +23.49 +0.55%
Shanghai Composite 2,103.67 -6.24 -0.30%
FTSE 100 5,635.28 -58.35 -1.02%CAC 40 3,291.66 -29.05 -0.87%
DAX 6,772.26 -1.80 -0.03%
Dow 13,009 -64 -0.49%
Nasdaq 2,940 -6 -0.21%
S&P 500 1,379 -6 -0.43%
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