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Analytics, News, and Forecasts for CFD Markets: stock news — 04-10-2012.
European stocks closed little changed as the European Central Bank and the Bank of England left their benchmark interest rates on hold.
The ECB kept its benchmark interest rate at a record low of 0.75 percent, as predicted by 48 of 52 economists in a Bloomberg survey. The central bank is ready to start buying government bonds as soon as the necessary conditions are fulfilled, President Mario Draghi said today at a press conference in Ljubljana, Slovenia.
The Bank of England maintained its bond-purchase target at 375 billion pounds ($604 billion) and held interest rates at 0.5 percent, as economists had forecast.
National benchmark indexes declined in 12 of the 18 western European markets. Germany’s DAX fell 0.2 percent and France’s CAC 40 declined 0.1 percent. Britain’s FTSE 100 was little changed while the Swiss Market Index rose 0.4 percent.
Nobel Biocare retreated 4.3 percent to 9.03 Swiss francs after saying a drop in the Japanese market in the third quarter is “materially impacting” full-year sales and profit. The world’s second-biggest maker of dental implants said annual earnings before interest and taxes will be in the range of 67 million euros to 70 million euros. While Japan represents 13 percent of sales, it contributes “disproportionately high profit,” the company said.
Gerresheimer AG lost 2.3 percent to 39.79 euros. The German producer of pharmaceutical and health-care equipment posted third-quarter adjusted earnings of 62 cents per share, missing the average analyst estimate of 70 cents.
Halfords surged 14 percent to 303.5 pence, the most since the company listed in 2004, after the company said it expects 2013 profit before tax in the upper half of its previously forecast range of 62 million pounds to 70 million pounds. The company also reported second-half same-store sales growth that beat analyst estimates.
U.S. stock futures rose as jobless claims increased less than economists forecast and European policy makers held borrowing costs at record lows.
Global Stocks:
Nikkei 8,824.59 +77.72 +0.89%
Hang Seng 20,907.95 +19.67 +0.09%
FTSE 5,826.15 +0.34 +0.01%
CAC 3,405.08 -0.94 -0.03%
DAX 7,308.78 -13.30 -0.18%
Crude oil $88.99 +0,96%
Gold $1789.30 0.53%
Hewlett-Packard (HPQ) Mizuho reiterated Neutral
Hewlett-Packard (HPQ) ISI Group reiterated Buy
European stocks traded in the red zone on the background of the auction of state bonds of Spain.
The market is waiting for the interest rate the ECB press conference, Mario Draghi, and the publication of the minutes of the meeting FOMC U.S..
The ECB is expected to keep its key interest rate at a record low of 0.75% in order to further the economic recovery of the euro area and Spain requests for help.
In the UK, Bank of England is expected to leave its monetary policy unchanged and kept its benchmark rate unchanged at 0.5% at the end of the two-day meeting of the Monetary Policy Committee.
Now shares SXAP rose 0.62% to a level, and Renault shares jumped 1.5%
Shares of British firm servicing cars and bikes Halfords rose 13.35% after the company said that sales in the summer was higher than expected.
Ted Baker shares rose by 5.09% after a report showed a higher level of sales in the first half.
Shares of British Renold Plc fell -23.58%, after it became known that adjusted operating profit for the year will be significantly lower with lower demand in European markets.
To date:
FTSE 100 5,813.18 -12.63 -0.22%
CAC 40 3,395.85 -10.17 -0.30%
DAX 7,301.4 -20.68 -0.28%
Shares of Nobel Biocare Holding AG fell by 7.66% due to the fact that the second-largest producer of dentures said that the size of the annual profit will significantly impact the Japanese market.
Asian stocks rose, with a regional benchmark index heading for its highest close in a week, as reports on U.S. jobs and service industries beat expectations, easing concern the world’s biggest economy is slowing. The European Central Bank and the Bank of England also hold policy meetings today, after the Reserve Bank of Australia unexpectedly cut interest rates on Oct. 2.
Nikkei 225 8,824.59 +77.72 +0.89%
S&P/ASX 200 4,452.4 +13.84 +0.31%
Shanghai Composite 2,086.17 +29.85 +1.45%
Toyota Motor Corp., the world’s largest carmaker by market value, climbed 3 percent in Tokyo.
Fisher & Paykel Appliances Holdings Ltd. advanced 3.7 percent in Wellington after directors of the refrigerator maker rejected a bid from China’s Haier Corp., saying it is too low.
Woodside Petroleum Ltd., Australia’s second-biggest oil producer, slid 1 percent in Sydney as oil traded near a two-month low.
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.
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. 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%
Change % Change Last
Nikkei 225 8,746.87 -39.18 -0.45%
S&P/ASX 200 4,438.56 +5.58 +0.13%
Shanghai Composite Closed
FTSE 100 5,827.7 +18.34 +0.32%
CAC 40 3,404.59 -9.64 -0.28%
DAX 7,321.13 +15.27 +0.21%
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%
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