European stocks declined for the second time in three days after reports showed that U.S. employers added fewer payrolls than forecast and euro-area unemployment rose to a 15-year high.
Euro-region unemployment rose to a 15-year high and manufacturing contracted for a ninth month, separate reports showed today. The jobless rate in the 17-nation euro area increased to 10.9 percent in March from 10.8 percent in February, the European Union statistics office in Luxembourg said. That’s the highest since April 1997.
In China, a survey released by HSBC Holdings Plc and Markit Economics indicated that output at small and medium-sized enterprises contracted. That contrasts with a report yesterday that showed Chinese manufacturing expanded last month at the fastest pace in a year.
National benchmark indexes fell in 15 of the 18 western European markets today. France’s CAC 40 rose 0.4 percent, the U.K.’s FTSE 100 slid 0.9 percent and Germany’s DAX (DAX) retreated 0.8 percent. Spain’s IBEX 35 Index dropped 2.6 percent to 6,831.90, its lowest level since March 2009.
A gauge of banks performed the worst of the 19 industry groups on the Stoxx Europe 600 after spreads between German 10- year government bonds and Italian and Spanish securities expanded.
Banco Santander SA and UniCredit SpA, the biggest lenders in Spain and Italy, declined 3.3 percent to 4.56 euros and 5.7 percent to 2.84 euros, respectively.
UBS rose 3.7 percent to 11.75 Swiss francs after the lender attracted more funds from wealthy clients in the first quarter than analysts estimated. UBS said its wealth management units attracted 10.9 billion Swiss francs ($12 billion) in net new funds, more than the 8.8 billion-franc estimate of analysts.
British Sky Broadcasting Group Plc climbed 1.5 percent to 701.5 pence. The U.K.’s biggest pay-TV operator said operating profit in the nine months ended March rose 20 percent. Earnings before interest, taxes, depreciation, and amortization increased to 1.19 billion pounds ($1.9 billion). Sales jumped 5 percent to 5.08 billion pounds.
Vestas, the biggest wind turbine maker, declined 5.6 percent to 48.15 kroner, the lowest closing price since May 28, 2003. The company said its loss widened 91 percent in the quarter as it expects to spend more money on turbine maintenance after uncovering potential faults in 376 machines.
U.S. stocks fell, dragging the Dow Jones Industrial Average down from the highest level since 2007, as data showed companies added fewer jobs than economists projected and euro-region unemployment rose to a 15-year high.
Equities fell as American companies added 119,000 workers in April, the fewest in seven months, a private report based on payrolls showed today. A Labor Department report in two days is projected to show that private payrolls accelerated in April, while unemployment held at 8.2 percent. Orders to U.S. factories decreased in March.
Concern about Europe’s economy also helped drive stocks lower. The jobless rate in the 17-nation euro area increased to 10.9 percent in March from 10.8 percent in February. Separate reports showed euro-area manufacturing contracted more than initially estimated in April and unemployment in Germany, the region’s largest economy, unexpectedly increased.
Alcoa (AA), the largest U.S. aluminum producer, slipped 2.7 percent to $9.70. ConocoPhillips lost 2.9 percent to $54.88. Oil dropped from a five-week high after the U.S. Energy Department said stockpiles rose to the highest level in 21 years.
Chesapeake tumbled 13 percent to $17.04. The company slashed its full-year 2012 and 2013 operating cash flow estimates by as much as 48 percent, and increased the amount of assets it plans to sell. This year’s cash flow estimate was lowered to $2.7 billion to $3 billion, from a February forecast of $4.5 billion to $5.2 billion.
American Eagle Outfitters Inc. climbed 12 percent to $20.09 after reporting preliminary first-quarter profit that topped analysts’ estimates as the apparel chain was able to sell more merchandise at full price.
Resistance 3:1420 (area of high of March)
Resistance 2:1412 (May 1 high)
Resistance 1:14004 (session high)
Current price: 1390,20
Support 1:1390 (session low, Apr 30 and May 1 lows)
Support 2:1385 (МА (200) for Н1)
Support 3:1380 (area Apr 26 low, МА (20) and МА (55) for D1)

U.S. stock futures retreated as an industry report showed employers added fewer jobs than economists forecast last month.
Global Stocks:
Nikkei 9,380.25 +29.30 +0.31%
Hang Seng 21,309.08 +214.87 +1.02%
Shanghai Composite 2,438.44 +42.12 +1.76%
FTSE 5,760.32 -51.91 -0.89
CAC 3,220.33 +7.53 +0.23%
DAX 6,722.03 -39.16 -0.58%
Crude oil $105.76 (-0.38%)
Gold $1654.10 (-0.50%)
Asian stocks gained as manufacturing in the U.S. and China improved in April, adding to signs the world’s biggest economies are recovering and boosting the outlook for the region’s exporters.
Nikkei 225 9,380.25 +29.30 +0.31%
Hang Seng 21,353.64 +259.43 +1.23%
S&P/ASX 200 4,435.9 +6.39 +0.14%
Shanghai Composite 2,438.44 +42.12 +1.76%
Samsung Electronics Co., the world’s No. 1 mobile-phone maker by sales, climbed 1.4 percent in Seoul.
Japan Tobacco Inc. gained 2.4 percent after Asia’s largest cigarette maker said it will raise its dividend payout.
Idemitsu Kosan Co. jumped 4.6 percent after Japan’s third-biggest oil refiner posted earnings that beat expectations.
Asustek Computer Inc. surged 7 percent in Taipei after the laptop maker reported net income that exceeded analysts’ estimates.
Asia’s benchmark stock index fell, paring yesterday’s advance, as Japanese companies forecast lower-than-estimated earnings and as the outlook for exporters dimmed after a report signaled U.S. manufacturing is slowing.
Nikkei 225 9,350.95 -169.94 -1.78%
Hang Seng Closed
S&P/ASX 200 4,429.51 +32.93 +0.75%
Shanghai Composite Closed
Tokyo Electron Ltd., which sells industrial electronics products, sank 8.3 percent after its earnings estimate trailed analysts’ projections.
Sony Corp. Japan’s No. 1 exporter of consumer electronics, lost 3.9 percent as the yen gained against the dollar to the highest level since February.
Commonwealth Bank of Australia rose 1.7 percent as the nation’s central bank cut interest rates to spur growth.
All western European markets, except the U.K., Ireland and Denmark, were closed for the May Day holiday. U.K. stocks jumped the most in two weeks after Lloyds Banking Group Plc reported profit that topped analyst estimates and U.S. manufacturing expanded at the fastest pace in 10 months.
Stocks extended gains today after U.S. data showed manufacturing in the world’s largest economy expanded in April, driven by gains in orders and production. The Institute for Supply Management’s factory index climbed to 54.8, exceeding the most optimistic forecast, from 53.4 in March. Readings greater than 50 signal growth.
In contrast, U.K. manufacturing grew at a slower rate than economists forecast in April as new export orders declined at the fastest pace since May 2009.
Lloyds jumped 8.3 percent to 33.60 pence after pretax profit, excluding one-time items and asset sales, more than doubled to 628 million pounds ($1 billion). The median analyst estimate was for a profit of 422 million pounds. Total impairments fell by 36 percent, helped by the lender’s Irish and Australian units.
Imperial Tobacco increased 3.7 percent to 2,556 pence after Europe’s second-biggest tobacco company reported a 3 percent increase in adjusted operating profit to 1.52 billion pounds in the six months ended March 31, helped by higher prices for cigarettes in the U.K.
BP retreated 0.8 percent to 441.3 pence. Europe’s second- largest oil company reported a 19 percent decline in first- quarter net income to $5.9 billion, as asset sales lowered production and refining weakened.
U.S. stocks advanced, sending the Dow Jones Industrial Average to the highest level since December 2007, after a better-than-estimated manufacturing report bolstered investors’ optimism in the world’s largest economy.
Stocks rose as manufacturing unexpectedly expanded in April at the fastest pace in 10 months. The report added to optimism after data showed growth in Chinese manufacturing. Investors also watched corporate earnings as 74 percent of S&P 500 companies that reported results since April 10 have beaten projections.
JPMorgan (JPM) jumped 1.9 percent to $43.79. Alcoa (AA), the biggest U.S. aluminum producer, increased 2.5 percent to $9.97.
Anadarko Petroleum Corp. added 2.5 percent to $75.06. The second-largest U.S. independent oil and natural-gas producer by market value said first-quarter profit rose on higher crude prices and a $1.8 billion gain from an Algerian tax settlement.
Avon Products Inc. slumped 8 percent, the biggest loss in the S&P 500, to $19.87. The door-to-door cosmetics seller that’s the target of a $10 billion takeover bid from Coty Inc. reported first-quarter profit that trailed estimates, hurt by higher labor and materials costs.
Resistance 3: Chf0.9135 (Apr 27 high)
Resistance 2: Chf0.9120 (Apr 25 high)
Resistance 1: Chf0.9095 (Apr 30 high)
The current price: Chf0.9085
Support 1: Chf0.9070 (session low)
Support 2: Chf0.9040 (May 1 low)
Support 3: Chf0.9000 (psychological level)

Change % Change Last
Nikkei 225 9,350.95 -169.94 -1.78%
Hang Seng Closed
S&P/ASX 200 4,429.51 +32.93 +0.75%
Shanghai Composite Closed
FTSE 100 5,812.23 +74.45 +1.30%
CAC 40 Closed
DAX Closed
Dow 13,279 +66 +0.50%
Nasdaq 3,050 +4 +0.13%
S&P 500 1,406 +8 +0.57%
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