Analytics, News, and Forecasts for CFD Markets: stock news — 02-08-2012.

European stocks declined, erasing earlier gains, as European Central Bank President Mario Draghi’s comments disappointed investors seeking more definitive measures to stimulate the region’s economy.

Draghi signaled that the ECB will join forces with governments to buy sovereign bonds. Still, he didn’t give details on how such a program would work, saying that they will be fleshed out in coming weeks.

Bond yields that throw into question the future of the euro are “unacceptable” and “need to be addressed in a fundamental manner,” he also said at a press conference in Frankfurt today after the ECB kept the benchmark interest rate unchanged at 0.75 percent.

The Bank of England maintained its current bond-buying program today as policy makers wait to assess the impact of the latest stimulus and their new lending program to end the recession.

National benchmark indexes fell in 15 of the 18 western European markets today. The U.K.’s FTSE 100 Index slid 0.9 percent, France’s CAC 40 Index declined 2.7 percent and Germany’s DAX Index retreated 2.2 percent.

An index of banking shares was the worst-performing industry group on the Stoxx 600. Santander plunged 6.7 percent to 4.63 euros and Deutsche Bank slid 5.3 percent to 23.21 euros. Credit Agricole SA slumped 8 percent to 3.28 euros.

Veolia plunged 12 percent to 8.15 euros, the biggest drop in a year. First-half results were hurt by writedowns in Italy, the economic slowdown and a “contractual erosion” at Veolia’s water division in France, the Paris-based company said. Veolia plans to sell 5 billion euros of assets and reduce investment by 500 million euros this year and next.

U.S. stock futures declined as the European Central Bank Mario Draghi failed to reassure investors on immediate efforts to bolster the economy.

Global Stocks:

Nikkei  8,653.18 +11.33 +0.13%
Hang Seng 19,690.2 -130.18 -0.66%
Shanghai Composite 2,111.18 -12.18 -0.57%
FTSE  5,663.62 -49.20 -0.86%
CAC  3,264.31 -57.25 -1.72%
DAX 6,634.87 -119.59 -1.77%
Crude oil $87.67 -1,39%
Gold $1697.30 -0.62%

Today we have published data on the index of producer prices in the eurozone. The actual value was slightly lower than forecast.

However, at this point the focus of the market is today's ECB meeting. Investors are hoping for poderzhku debt markets by buying troubled eurozone bonds

Last week, the head of the European Central Bank, Mario Draghi has promised that the central bank will do "everything necessary" within its mandate to protect the euro.

Statement M.Dragi was seen as a signal to markets that the ECB intends to support the debt markets by buying bonds of troubled eurozone countries. Quotes of debt in Spain and Italy have increased dramatically in the M.Dragi statements, which led to a decrease in yield. Growth responded to the words of the ECB and other financial markets.

At the moment:

FTSE 100 5,729.60 +16.78 +0.29%

DAX 6,774.01 +19.55 +0.29%

CAC 3,327.57 +6.01 +0.18%

Asian stocks outside Japan fell, with the regional benchmark index set to drop for a second day, as investors await a policy announcement by the European Central Bank after the Federal Reserve refrained from adding stimulus to the U.S. economy. The European Central Bank is scheduled to make a policy announcement today, with President Mario Draghi pledging policy makers will do whatever is needed to preserve the euro. Most investors in Asia, the Americas and Europe expect the ECB will engage in sovereign-bond purchases in support of Spain and Italy, Goldman Sachs Group Inc. said in a note yesterday, citing a survey of 410 people.

Nikkei 225 8,653.18 +11.33 +0.13%

S&P/ASX 200 4,269.5 +6.74 +0.16%

Shanghai Composite 2,111.41 -11.95 -0.56%

Samsung Electronics Co., which gets 39 percent of its sales in Europe and America, lost 2 percent.

Toyota Motor Corp., Asia’s biggest carmaker by market value, rose 2.5 percent in Tokyo after its U.S. sales gained 26 percent in July.

Fiber maker Teijin Ltd. slumped 8.8 percent in Tokyo after cutting its operating profit forecast.

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.

Change % Change Last

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%