Analytics, News, and Forecasts for CFD Markets: stock news — 03-06-2014.

Stock indices declined due to the weaker-than-expected inflation data in the Eurozone and increasing expectations for further stimulus measures by the European Central Bank (ECB). Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in March. Analysts had expected a 0.7% rise. Inflation target by the European Central Bank (ECB) is 2%.

Investors are awaiting the ECB will cut interest rates and announce measures to boost lending to smaller businesses.

The unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March. Analysts had expected the unemployment rate remains unchanged.

The number of unemployed people in Spain decreased by 111,900 in May, after a 111,600 decline in April. Analysts had forecasted a 112,300 drop.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                            6,836.30                             -27.80                      -0.41%

DAX                                     9,919.74                             -30.38                      -0.31%

CAC 40                                4,503.69                             -12.20                      -0.27%

Resistance 3: 1274 (61.8% FIBO $1295-$1240)

Resistance 2: 1268 (50.0% FIBO $1295-$1240)

Resistance 1: 1261 (38.2% FIBO $1295-$1240)

Current price: 1242.90 (0.00%)

Support 1: 1240 (February low)

Support 2: 1218 (Jan 8 low)

Support 3: 1200 (psychological level)

U.S. stock-index futures are mixed as investors awaited data to gauge the strength of the recovery in the world’s biggest economy.

Global markets:

Nikkei 15,034.25 +98.33 +0.66%

Hang Seng 23,291.04 +209.39 +0.91%

Shanghai Composite 2,038.31 -0.91 -0.04%

FTSE 6,818.12 -45.98 -0.67%

CAC 4,501.59 -14.30 -0.32%

DAX 9,907.33 -42.79 -0.43%

Crude oil $102.51 (+0.04%)

Gold $1245.20 (+0.09%)

(company / ticker / price / change, % / volume)

Upgrades:

Downgrades:

Other:

Apple (AAPL) target raised from $660 to $710 at Canaccord Genuity

Stock indices declined due to the weaker-than-expected inflation data in the Eurozone. Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in March. Analysts had expected a 0.7% rise. Inflation target by the European Central Bank (ECB) is 2%.

Market participants expect the European Central Bank will add further stimulus measures on Thursday. Investors are awaiting the ECB will cut interest rates and announce measures to boost lending to smaller businesses.

The unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March. Analysts had expected the unemployment rate remains unchanged.

The number of unemployed people in Spain decreased by 111,900 in May, after a 111,600 decline in April. Analysts had forecasted a 112,300 drop.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,831.72                             -32.38                      -0.47%

DAX                                     9,925.00                              -25.12                      -0.25%

CAC 40                                4,509.94                                -5.95                      -0.13%

Most Asian stock indices increased due to weaker yen and economic data from China. The Japanese stock index Nikkei was supported by the weaker yen. The stock indices in China were supported by Chinese economic data.

China’s final HSBC manufacturing purchasing managers’ index increased to 49.4 in May from 48.1 in April, missing expectation of a gain to 49.7.

Chinese non-manufacturing purchasing managers’ index climbed to 55.5 in May from 54.8 in April. That was the highest figure since November 2013.

Indexes on the close:

Nikkei 225                       15,034.25              +98.33            +0.66%

Hang Seng                       23,291.04            +209.39            +0.91%

Shanghai Composite        2,038.31                  -0.91            -0.04%