Analytics, News, and Forecasts for CFD Markets: stock news — 04-04-2012.

European stocks fell for a second day after Spain sold fewer bonds than its maximum target and the Federal Reserve damped expectations of more monetary stimulus for the U.S.

Spain sold 2.6 billion euros ($3.4 billion) of bonds, near the minimum target, and borrowing costs rose in its first auction since the country said public debt will surge to a record this year. The Treasury had set a range of 2.5 billion euros to 3.5 billion euros for the sale.

The European Central Bank left its benchmark interest rate unchanged at a record low of 1 percent. The euro-area’s economic outlook remains subject to “downside risks,” President Mario Draghi said at a press conference in Frankfurt.

Euro-area retail sales declined 0.1 percent from January, when they rose a revised 1.1 percent, the European Union’s statistics office in Luxembourg said today. Euro-area services and manufacturing output contracted for a second month in March. A composite index based on a survey of purchasing managers in both industries dropped to 49.1 from 49.3 in February, London-based Markit Economics said today. That’s above an initial estimate of 48.7 on March 22. A reading below 50 indicates contraction. In Germany, factory orders rose 0.3 percent in February, the Economy Ministry in Berlin said today.

National benchmark indexes fell in all of the 18 western European markets, led by Sweden’s OMX 30 Index, which tumbled 3.6 percent. France’s CAC 40 Index dropped 2.8 percent, the U.K.’s FTSE 100 Index slipped 2.5 percent and Germany’s DAX Index retreated 3 percent.

Volvo lost 4.8 percent to 93.65 kronor after ACT Research said preliminary Class 8 truck orders in North America for March were 20,000 units, the second consecutive month that orders came in “below expectations.”

U.S. sales of cars and light trucks rose to a 14.4 million seasonally adjusted annual rate, falling short of the 14.5 million median estimate of analysts.

Peugeot SA plunged 5.6 percent to 10.80 euros, Renault SA slipped 4.5 percent to 37.27 euros, and Porsche SE retreated 2.3 percent to 43.50 euros.

BTG gained 2.6 percent to 347.10 pence after the company said sales for the year ended March 31 would reach as much as 195 million pounds ($309 million), more than previously forecast, because of higher-than-expected royalties from two drugs.

Ferrovial SA, Spain’s largest builder by market value, added 2.2 percent to 8.41 euros after Bank of America reiterated its buy recommendation on the shares and said Spain’s new tax rules won’t hurt the company.

U.S. stocks fell, with the Standard & Poor’s 500 Index headed for this year’s second-worst decline, as the Federal Reserve signaled it may refrain from more monetary stimulus.

Stocks extended losses today after a report showed service industries in the U.S. expanded less than forecast in March as orders grew at the slowest pace in three months. The Institute for Supply Management’s non-manufacturing index dropped to 56 from a one-year high of 57.3 in February. Readings above 50 signal expansion, and economists projected 56.8 for the gauge, according to the median estimate.

Employment increased by 209,000 for the month after a revised 230,000 gain in February, figures from ADP Employer Services showed today.

Dow 13,039.82     -159.73        -1.21%, Nasdaq       3,056.51       -57.06 -1.83%, S&P 500    1,395.68         -17.70 -1.25%

Financial shares fell the most among 10 groups in the S&P 500, dropping 1.9 percent. Bank of America (ВАС) slumped 3.2 percent to $9.19 while JPMorgan Chase (JPM) declined 3 percent to $44.07.

SanDisk sank 9.3 percent, the most in the S&P 500, to $45.40 after predicting revenue in the quarter that ended April 1 of about $1.2 billion. That compared with an earlier forecast for sales of $1.3 billion to $1.35 billion. Gross margin, a measure of profitability, will be less than the company’s previous prediction of 39 percent to 42 percent, SanDisk said.

GE, the maker of jet engines, power generation equipment, health-care imaging equipment and locomotives, fell 1.4 percent to $19.68. Moody’s lowered its rating on the company one level to Aa3 and its rank on GE Capital Corp. two steps to A1 because of “heightened risk” from its finance unit. Moody’s previously assigned ratings of Aa2 to both entities.

Chevron Corp. (CVX), the second-biggest U.S. oil producer, slipped 1.7 percent to $105.28, while Transocean Ltd., the biggest operator of offshore drilling rigs, dropped 2.8 percent to $52.16. A Brazilian federal prosecutor sued the two companies for 20 billion reais ($11 billion) over a second oil spill at the Frade field off the nation’s coast. Prosecutors filed a 20 billion-reai lawsuit last year following the first spill at project -- a 3,000-barrel leak in November

Resistance 3:1420 (area of Mar 27 high)

Resistance 2:1414 (Apr 3 high)

Resistance 1:1400 (session high)

Current price: 1392,50

Support 1:1386 (Mar 29 low)

Support 2:1380 (Apr 23 low, МА (200) for Н4)

Support 3:1360 (МА(55) for D1)

U.S. stock futures fell as demand dropped at a Spanish bond auction, investors awaited data that may show growth in service industries slowed and the Federal Reserve signaled it may refrain from more monetary stimulus.

Global Stocks:

Nikkei  9,819.99 -230.40 -2.29%

FTSE  5,754.19 -84.15 -1.44%

CAC  3,347.26 -59.52 -1.75%

DAX 6,831.22 -151.06 -2.16%

Crude oil $102.69 (-1.3%).

Gold $1622.80 (-2,9%).

Asian stocks slid, with the benchmark index  snapping a three-day winning streak amid market holidays across the region, after the Federal Reserve damped expectations for more monetary stimulus, sending commodity prices down and weighing on shares of resource companies. Shares extended declines after Japan’s Nikkei 225 Stock Average slipped below the key level of 10,000 for the first time in two weeks, triggering a deeper selloff.

Nikkei 225 9,819.99 -230.40 -2.29%

Hang Seng 20,790.98 +268.72 +1.31%

S&P/ASX 200 4,333.86 -3.17 -0.07%

Shanghai Composite Closed

BHP Billiton Ltd., Australia’s biggest oil producer, sank 1.5 percent in Sydney after crude prices fell.

Fast Retailing Co., Japan’s top clothier, plunged 5 percent after sales at its Uniqlo stores disappointed investors.

SK Telecom Co. slid 3.5 percent in Seoul after Posco sold shares of the mobile carrier at a discount.

Аsian stocks rose for a third day as signs of strength in the world’s two biggest economies, the U.S. and China, bolstered confidence in the global recovery. Japanese shares fell as the yen’s appreciation damped the earnings outlook for the country’s exporters.

Nikkei 225 10,050.39 -59.48 -0.59%

Hang Seng 20,790.98 +268.72 +1.31%

S&P/ASX 200 4,337.04 +7.76 +0.18%

Shanghai Composite Closed

Billabong International Ltd., a surfwear maker that gets about half of its sales in the Americas, advanced 0.7 percent in Sydney after the Institute for Supply Management’s U.S. factory index rose more than forecast.

Tencent Holdings Ltd., China’s biggest Internet company, advanced 2.4 percent after a gauge of mainland service companies rose to a six-month high.

Honda Motor Co. and other Japanese exporters fell after the yen rose to a three-week high against the dollar.

PT Bank Danamon Indonesia surged 41 percent on a buyout offer.

Change % Change Last

Nikkei 225 10,050.39 -59.48 -0.59%

Hang Seng 20,790.98 +268.72 +1.31%

S&P/ASX 200 4,337.04 +7.76 +0.18%

Shanghai Composite Closed

FTSE 100 5,838.34 -36.55 -0.62%

CAC 40 3,406.78 -56.13 -1.62%

DAX 6,982.28 -74.37 -1.05%

Dow 13,199.55 -64.94 -0.49%

Nasdaq 3,113.57 -6.13 -0.20%

S&P 500 1,413.31 -5.73 -0.40%