- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: stock news — 02-10-2012.
U.S. stocks fell, reversing earlier gains by benchmark indexes, after Spanish Prime Minister Mariano Rajoy said a request for rescue funds is not imminent and investors awaited a monthly report on American employment. Rajoy said he has no plans to request rescue funds for Spain in the near term, defying speculation that the nation was preparing to ask for a bailout. Spanish regional presidents meet in Madrid today after Economy Minister Luis de Guindos said yesterday the nation is pressing on with its analysis of whether to seek a bailout.
The jobless rate in the U.S. probably rose 8.2 percent last month from 8.1 percent in August, as employers kept a lid on hiring, economists said before a report this week. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report, due Oct. 5, may also show.
Chipotle Mexican Grill Inc. slipped 3.8 percent after hedge fund manager David Einhorn recommended betting against the restaurant chain.
Mosaic Co. dropped 3.9 percent after reporting earnings that missed estimates.
Citigroup Inc. increased 1 percent as its rating was raised by KBW.
MetroPCS Communications Inc. rallied 19 percent as Deutsche Telekom AG is said to be nearing a deal with the wireless carrier.
S&P 500 1,444.29 -0.20 -0.01%
NASDAQ 3,117.55 +4.02 +0.13%
Dow 13,471.65 -43.46 -0.32%
European stocks declined, after yesterday rallying the most in more than three weeks, as companies from Alstom SA to Erste Group Bank AG sold shares. European stocks yesterday rallied the most since Sept. 6 after stress tests bolstered confidence in Spain’s banking system and a report showed U.S. manufacturing unexpectedly expanded last month. The Stoxx 600 fell 2.7 percent last week amid concern the U.S. Federal Reserve’s bond-buying program will fail to encourage growth.
Alstom sank 4.9 percent after selling a 350 million-euro ($453 million) holding.
Erste Group slipped 2.8 percent after the lender’s largest shareholder sold a 235 million-euro stake.
PostNL NV added 4.4 percent after the postal company said it will increase rates next year.
FTSE 100 5,808.97 -11.48 -0.20%, CAC 40 3,417.92 -17.06 -0.50%, DAX 7,312.7 -14.03 -0.19%
U.S. stock futures advanced as concern about Europe’s debt crisis eased.
Global Stocks:
Nikkei 8,786.05 -10.46 -0.12%
Hang Seng 20,840.38 +78.09 +0.38%
FTSE 5,833.22 +12.77 +0.22%
CAC 3,441.31 +6.33 +0.18%
DAX 7,350.5 +23.77 +0.32%
Crude oil $92.60 +0,13%
Gold $1778.60 -0.26%
After the recent rally, European stock indexes are moved in a sideways trend. Today's economic data did not have a material effect on the market. Producer price index in August rose by +0.9% (forecast +0.6%) and the annual rate of +2.7% (forecast +2.6%).
Analysts of international rating agency Moody's said that the evaluation of analysts, Spanish banks may need twice as much capital than shown by the results of stress tests. Their capital needs may reach 105 billion euros ($ 135 billion).
To date:
FTSE 100 5,824.13 +3.68 +0.06%
DAX 7,350.49 +23.76 +0.32%
CAC 3,434.20 -0.78 -0.02%
Delhaize Group added 2.3% on sales growth. Alstom shares rose 5.5% after the company sold shares in the private placement of 350 million euros ($ 452 million). Erste Group lost 2.2% after the largest shareholder sold its stake to 235 million euros.
Asian stocks rose, with the regional benchmark index gaining for the first time in three days, after U.S. manufacturing unexpectedly expanded and Federal Reserve Chairman Ben S. Bernanke renewed a pledge to sustain record stimulus, boosting the outlook for exporters.
Bernanke yesterday defended the Fed’s unprecedented bond buying, saying it will spur growth, cut unemployment, help savers and support the dollar.
Australia’s S&P/ASX 200 Index advanced 1 percent. The Reserve Bank of Australia cut its benchmark interest rate to the lowest level since 2009 amid a deepening global slowdown.
Nikkei 225 8,786.05 -10.46 -0.12%
S&P/ASX 200 4,432.98 +44.36 +1.01%
Shanghai Composite Closed
Nexon Co. jumped 6 percent in Tokyo after the maker of online games agreed to buy mobile game developer Gloops Inc. for 36.5 billion yen ($468 million).
Exporters advanced. Samsung Electronics rose 1.7 percent to 1.369 million won in Seoul. Sony Corp., the maker of Bravia televisions and PlayStation game consoles, added 1.2 percent to 928 yen in Tokyo. Canon Inc., the world’s biggest camera maker, gained 2.4 percent to 2,604 yen.
Asian stocks dropped a second day after Japan’s largest manufacturers became more pessimistic and China’s manufacturing shrank for second month amid a global economic slowdown that has sapped export demand.
China’s purchasing managers’ index signaled for a second month that manufacturing is contracting, the first time that’s happened since 2009.
Japan’s Tankan index of sentiment among large industrial companies fell to minus 3, posting a negative reading for a fourth quarter, the Bank of Japan said today. A number below zero figure means pessimists outnumber optimists.
Nikkei 225 8,796.51 -73.65 -0.83%
S&P/ASX 200 4,388.62 +1.61 +0.04%
Shanghai Composite Closed
Toyota Motor Corp., the world’s biggest carmaker by market value, fell 1.7 percent.
Nippon Shokubai, which supplies a third of the global market for chemicals used in diapers, slumped 13 percent to 757 yen in Tokyo, the most since October 1987, after a fire at its western Japan factory on Sept. 29 led to a death and stopped output.
Among stocks that advanced, Arrium jumped 25 percent to 68 Australian cents. The company rejected an offer from a consortium led by Noble Group and Posco Australia Pty. to buy its shares at 75 Australian cents apiece, saying the offer “undervalues Arrium.”
European stocks advanced the most in more than three weeks as test results showed the stress to the Spanish banking system was less than estimated and as U.S. manufacturing expanded for the first time in four months. Spain’s banks have a capital deficit of 59.3 billion euros ($76 billion), stress tests conducted by New York-based management consultancy Oliver Wyman showed last weekend. That was less than the 62 billion euros Wyman estimated in June that the lenders would need.
Spain commissioned the stress test as part of terms to obtain a European bailout of as much as 100 billion euros for its banks after more than 180 billion euros of losses linked to real-estate loans. Wyman tested the banks’ ability to handle an extreme scenario -- a three-year economic contraction -- even as the government debated whether to seek a wider rescue package.
Credit Agricole SA rose 7.8 percent after starting talks to sell its unprofitable Greek unit.
International Consolidated Airlines Group SA climbed 3.4 percent after the International Air Transport Association raised its 2012 global airline-profit forecast.
Banco Popular Espanol SA slumped the most in two months after announcing a capital-increase plan.
FTSE 100 5,820.48 +78.41 +1.37%, CAC 40 3,433.6 +78.78 +2.35%, DAX 7,328.14 +111.99 +1.55%
U.S. stocks rose, following the biggest weekly decline since June in the Standard & Poor’s 500 Index, after a measure of manufacturing beat economists’ forecasts and concern about Europe’s debt crisis eased. Stocks extended gains after data showed American factories are holding up in the face of a global economic slowdown that’s weakened manufacturing from Asia to Europe. The Institute for Supply Management’s factory index rose to 51.5 last month from 49.6 in August. Economists in a Bloomberg survey projected a September reading of 49.7. Federal Reserve Chairman Ben S. Bernanke renewed a pledge to sustain record stimulus even after the U.S. expansion gains strength, while saying policy makers don’t expect the economy to remain weak through 2015.
Equities pared gains as Apple Inc., the world’s most valuable company, reversed an earlier advance. Bank of America Corp., Hewlett-Packard Co. and Alcoa Inc. rallied at least 1 percent. Goldman Sachs Group Inc. increased 3.2 percent after a report said the stock will rise as much as 25 percent within a year. Ceradyne Inc. jumped 43 percent after 3M Co. agreed to buy the company for $860 million to expand its energy unit.
S&P 500 1,443.59 +2.92 +0.20%
NASDAQ 3,109.68 -6.55 -0.21%
Dow 13,508.2 +71.07 +0.53%
Change % Change Last
Nikkei 225 8,796.51 -73.65 -0.83%
S&P/ASX 200 4,388.62 +1.61 +0.04%
Shanghai Composite 2,086.17 +29.85 +1.45%
FTSE 100 5,820.45 +78.38 +1.37%
CAC 40 3,434.98 +80.16 +2.39%
DAX 7,326.73 +110.58 +1.53%
S&P 500 1,443.59 +2.92 +0.20%
NASDAQ 3,109.68 -6.55 -0.21%
Dow 13,508.2 +71.07 +0.53%
© 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
