Analytics, News, and Forecasts for CFD Markets: stock news — 03-11-2014.

Stock indices closed lower. PMIs from the Eurozone weighed on markets. Investors believe that the current stimulus measures by the European Central Bank would not be enough to boost the economy in the Eurozone.

Eurozone's final manufacturing purchasing managers' index fell to 50.6 in October from 50.7 in September. Analysts had expected the index to remain unchanged at 50.7.

Germany's final manufacturing purchasing managers' index declined to 51.4 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

France's final manufacturing purchasing managers' index rose to 48.5 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

Corporate earnings also weighed on markets.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,487.97 -58.50 -0.89%

DAX 9,251.7 -75.17 -0.81%

CAC 40 4,194.03 -39.06 -0.92%

U.S. stock-index futures were little changed as investors weighed equity valuations and global growth prospects.

Global markets:

Hang Seng 23,915.97 -82.09 -0.34%

Shanghai Composite 2,430.97 +10.79 +0.45%

FTSE 6,515.8 -30.67 -0.47%

CAC 4,215.95 -17.14 -0.40%

DAX 9,305.45 -21.42 -0.23%

Crude oil $80.90 (+0.46%)

Gold $1169.80 (-0.15%)

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

Upgrades:

Downgrades:

Home Depot (HD) downgraded to Mkt Perform from Outperform at Raymond James

Newmont Mining (NEM) downgraded to Hold from Buy at BB&T Capital Mkts

Other:

Facebook (FB) initiated with a Overweight at Morgan Stanley, target $90

Google A (GOOGL) initiated with a Equal-Weight at Morgan Stanley, target $600

Twitter (TWTR) initiated with a Equal-Weight at Morgan Stanley, target $42

The weaker-than-expected European and Chinese PMI and growing concerns about a slowdown in European economic growth caused losses on the European stock markets after a slightly positive start. At the moment the DAX is trading at 9,295 (-0.38%), the FTSE 100 at 6,521 (-0.34) and the CAC40 at 4,217 (-0.36%).

Eurozone's final manufacturing purchasing managers' index fell to 50.6 in October from 50.7 in September. Analysts had expected the index to remain unchanged at 50.7.

Germany's final manufacturing purchasing managers' index declined to 51.4 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

France's final manufacturing purchasing managers' index rose to 48.5 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.

Asian stock indices closed mixed on Chinese economic data. China's final HSBC manufacturing purchasing managers' index was at 50.4 in October, in line with expectations.

China's non-manufacturing purchasing managers' index fell to 53.8 in October from 54.0 in September.

Markets in Japan were closed for a public holiday.

Indexes on the close:

Nikkei 225 closed

Hang Seng 23,915.97 -82.09 -0.34%

Shanghai Composite 2,430.97 +10.79 +0.45%

(index / closing price / change items /% change)

Nikkei 225 16,413.76 +755.56 +4.83 %

Hang Seng 23,998.06 +296.02 +1.25 %

Shanghai Composite 2,420.18 +29.10 +1.22 %

FTSE 100 6,546.47 +82.92 +1.28 %

CAC 40 4,233.09 +91.85 +2.22 %

Xetra DAX 9,326.87 +212.03 +2.33 %

S&P 500 2,018.05 +23.40 +1.17 %

NASDAQ Composite 4,630.74 +64.60 +1.41 %

Dow Jones 17,390.52 +195.10 +1.13 %