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Analytics, News, and Forecasts for CFD Markets: stock news — 03-10-2012.
U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as better- than-forecast growth in American employment and service industries offset concern about China’s economy. U.S. equities rose after ADP Employer Services said companies added 162,000 jobs last month, topping the median forecast of 38 economists surveyed by Bloomberg for a 140,000 advance. Service industries in the U.S. expanded more than forecast in September. The data come two days before the Labor Department’s September payrolls report is published. The jobless rate in the U.S. probably rose to 8.2 percent last month from 8.1 percent in August, as employers kept a lid on hiring, economists said. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report may also show. Over the two years ended August, ADP’s initial release has understated or overstated the Labor Department’s initial private payroll figure by an average of 66,000, according to Bloomberg calculations. The average miss by economists in the Bloomberg survey over the same period was 58,000. S&P 500 1,450.91 +5.16 +0.36% NASDAQ Composite 3,135.73 +15.69 +0.50% Dow Jones 13,494.71 +12.35 +0.09%
European stocks fluctuated between gains and losses as U.S. reports on private hiring and services- industry growth beat estimates, offsetting Spain’s stance that it won’t ask for a sovereign bailout soon. In the U.S., a report from ADP Employer Services showed that private employers hired 162,000 workers in September after revised numbers showed they signed up 189,000 the prior month. Last month’s figure beat the average forecast for 140,000 in a Bloomberg survey.
EasyJet Plc, Europe’s second-biggest discount airline, rose 3.1 percent as full-year earnings beat its forecasts.
BTG Plc gained the most in more than 10 months after increasing its financial-year revenue forecast.
FirstGroup Plc plunged 20 percent after Britain’s biggest train operator was stripped of the country’s premier express route.
U.S. stock futures rose after a better-than-estimated payrolls report overshadowed disappointing economic data from Europe.
Global Stocks:
Nikkei 8,746.87 -39.18 -0.45%
Hang Seng 20,888.28 +47.90 +0.23%
FTSE 5,820.15 +10.70 +0.18%
CAC 3,411.36 -2.87 -0.08%
DAX 7,319.3 +13.44 +0.18%
Crude oil $90.50 -1,51%
Gold $1778.20 +0.15%
European stock markets have reacted negatively to the fact that the Spanish Prime Minister Mariano Rajoy denied the necessity of recourse to the European Union. Thus, the prime minister has denied rumors that Madrid can apply for financial support from Brussels is the 6-7 October.
Little impact on the bidding had data on the index of business activity in the services sector Eurozone, France and Germany. Negative trend shows retail sales in the euro area in August year-on-year (-1.3%, the forecast of -1.9%).
To date:
FTSE 100 5,806.22 -3.23 -0.06%
DAX 7,316.72 +10.86 0.15%
CAC -3,408.23 -6.00 -0.18%
Tesco Plc shares fell 1.3% after the largest riteylr in Britain reported the first decline in profits over two decades. Quotes rail operator FirstGroup after the company lost its main route of the country. Airline EasyJet Europe's gained 3.5% in view of the fact that profit exceeded forecasts.
Asian stocks fell as Chinese services industries expanded at the weakest pace since at least March 2011 and Spain’s prime minister said that a bailout request isn’t imminent.
China’s non-manufacturing industries expanded at the weakest pace since at least March 2011 as officials struggle to reverse a slowdown in the world’s second-biggest economy.
Nikkei 225 8,746.87 -39.18 -0.45%
S&P/ASX 200 4,438.56 +5.58 +0.13%
Shanghai Composite Closed
Companies that do business in Europe dropped. Canon slid 1.9 percent to 2,555 yen in Tokyo. Shimano Inc., a Japanese bicycle parts maker that counts Europe as its biggest market, fell 0.6 percent to 5,420 yen.
Among stocks that fell, Daiichi Sankyo sank 5.4 percent to 1,191 yen in Tokyo. A panel of scientific advisers recommended an early end to the trial of a lung-cancer medicine the Japanese company is trying to develop with ArQule Inc., a Massachusetts- based maker of experimental drugs.
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.
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. 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%
Change % Change Last
Nikkei 225 8,786.05 -10.46 -0.12%
S&P/ASX 200 4,432.98 +44.36 +1.01%
Shanghai Composite Closed
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%
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%
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