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Analytics, News, and Forecasts for CFD Markets: stock news — 04-12-2012.
European stocks demonstrated today at the close of uncertain dynamics, as investors' attention was drawn to the talks in the U.S., where Democrats and Republicans are issues connected with the "budget cliff."
Stoxx Europe 600 index closed with a slight increase, reaching the mark with 276.24.
Elekta AB shares jumped 6% after the medical technology company reported sales growth in the second quarter by 22%.
The cost of TUI Travel PLC rose 3.4%, as the travel company reported a 40% increase in profit before tax for the year ended September 30.
FTSE 100 5,869.04 -2.20 -0.04% CAC 40 3,580.48 +13.89 +0.39% DAX 7,435.12 -0.09 0.00%
Southern European banks have also been on the rise: the shares of Banca Monte dei Paschi di Siena SpA gained 6.9%% and UniCredit SpA 2.5%.
At the same time, shares of Tullow Oil PLC collapsed by 5.8%, after the company, which is engaged in the research said the oil did not find commercial hydrocarbons in the well.
Also today, Deutsche Bank analysts said that according to their projections, the U.S. economy will grow by 2.5% in 2013,
Shares of BP PLC (BP) fell 1.4%, while Royal Dutch Shell PLC (RDSB) declined by 0.3%.
In France, the majority of stocks closed in the "plus»: Credit Agricole SA and Societe Generale SA gained 2%., While shares in Germany Deutsche Bank AG (DB) and Commerzbank AG rose by 1.5%.
The cost of Henkel AG & Co. KGaA has increased by 2.2% after Credit Suisse cut the rating of the company to the level of a "gap" from "neutral."
Infineon Technologies AG shares fell 3.8% after Goldman Sachs removed the firm from its recommended list of purchases.
U.S. stock futures were little changed as U.S. leaders prepared for more budget talks.
Global Stocks:
Nikkei 9,432.46 -25.72 -0.27%
Hang Seng 21,799.97 +32.12 +0.15%
Shanghai Composite 1,975.14 +15.38 +0.78%
FTSE 5,868.14 -3.10 -0.05%
CAC 3,580.94 +14.35 +0.40%
DAX 7,432.89 -2.32 -0.03%
Crude oil $87.67 -1.59%
Gold $1695.30 -1.50%
European stocks climbed for a second day, erasing an earlier drop, as American lawmakers continued to debate plans to address the so-called fiscal cliff. U.S. index futures and Asian shares were little changed.
President Barack Obama’s administration rejected a Republican plan for tackling the fiscal cliff as it didn’t include higher tax rates for top-earning Americans, something the president has called essential. House Speaker John Boehner proposed $1.4 trillion in spending cuts and $800 billion in new revenue by limiting tax breaks and capping deductions.
Finance chiefs from the European Union’s 27 nations meet in Brussels today to discuss setting up a common bank supervisor as part of a wider crisis-fighting plan. French Finance Minister Pierre Moscovici told reporters yesterday he is “confident” Greece will pull off a successful bond buyback.
European governments are counting on the buyback as a market-based way of cutting Greece’s debt, paving the way for continued aid payments. Finance ministers set a Dec. 13 meeting to release the next 34.4 billion euros ($45 billion) for Greece.
Oerlikon climbed 4.5 percent to 10.55 Swiss francs after the company raised its full-year guidance and announced the sale of its solar and natural fibers divisions to Chinese investor Pan Xueping’s Jinsheng Group.
TUI Travel climbed 2.7 percent to 276.2 pence after the tour operator reported full-year underlying pretax profit of 390 million pounds ($626 million), beating the average analyst estimate of 357.9 million pounds. The company also increased its final dividend by 4 percent.
Elekta AB jumped 6.2 percent to 101.80 kronor after the Swedish maker of radiation-surgery equipment reported second- quarter net income of 258 million kroner ($39 million) and sales of 2.49 billion kroner, topping analyst estimates.
FTSE 100 5,877.9 +6.66 +0.11%
CAC 40 3,591.68 +25.09 +0.70%
DAX 7,455.33 +20.12 +0.27%
Most Asian stocks fell after U.S. manufacturing unexpectedly shrank and American lawmakers grappled with new budget proposals. Macau casino operators dropped after The Wall Street Journal reported that China has arrested several junket operators.
Nikkei 225 9,432.46 -25.72 -0.27%
S&P/ASX 200 4,503.58 -27.93 -0.62%
Shanghai Composite 1,975.14 +15.38 +0.78%
James Hardie Industries SE, the building materials suppliers that counts the U.S. as its biggest market, slid 1.2 percent in Sydney.
SJM Holdings Ltd., Asia’s biggest casino company, sank 4.9 percent in Hong Kong as Macau gambling revenues last month increased less than analysts estimates.
Olam International Ltd., the commodity supplier targeted by short seller Carson Block, jumped 3.5 percent in Singapore as it seeks to sell as much as $1.25 billion of bonds and warrants.
Asian stocks swung between gains and losses as Chinese manufacturing data added to signs of recovery while U.S. lawmakers continue to debate over a budget compromise to avert a so-called fiscal cliff.
Nikkei 225 9,458.18 +12.17 +0.13%S&P/ASX 200 4,531.51 +25.47 +0.57%
Shanghai Composite 1,959.77 -20.35 -1.03%
Metallurgical Corp. of China, an engineering contractor and equipment manufacturer, climbed 4.4 percent in Hong Kong.
Shimizu Corp., a construction company, advanced 4 percent in Tokyo on speculation a deadly highway-tunnel collapse will reduce opposition to more public works spending.
Li & Fung Ltd., a supplier of toys and clothing to retailers including Wal-Mart Stores Inc., slipped 3 percent.
European stocks pared their advance as a report showed U.S. manufacturing unexpectedly contracted, offsetting two measures of Chinese factory output that rose.
Cable & Wireless Communications Plc (CWC) jumped 4.2 percent after agreeing to sell its Monaco and Islands unit to Bahrain Telecommunications Co. for $680 million. Colruyt SA (COLR) slid 2 percent after first-half earnings before interest and taxes missed analysts’ estimates.
The Stoxx Europe 600 Index advanced 0.1 percent to 276.07 at 4:13 p.m. in London. The gauge earlier climbed as much as 0.8 percent after Greece offered to spend 10 billion euros ($13 billion) buying back bonds.
Chancellor Angela Merkel opened the possibility that Germany will ultimately accept a write-off of Greek debt.
Merkel told Bild newspaper yesterday that euro-area leaders might consider writing off debt once the country has a budget surplus. The chancellor had ruled out such a scenario as violating European (SXXP) Union treaties.
European equities will rally in 2013 with the Euro Stoxx 50 Index reaching 3,000, according to Bank of America Corp. The price-to-earnings ratio for the gauge of the 50 biggest stocks in the euro area will climb to 11.8 by the end of next year, strategist John Bilton wrote in a note. The companies were valued at 11.1 times estimated earnings on Nov. 30, according to data compiled by Bloomberg.
National benchmark indexes gained in 11 of the 18 western- European markets.
Greece’s ASE jumped 1.3 percent, as Piraeus Bank SA (TPEIR) soared 11 percent to 38.9 euro cents and National Bank of Greece SA (ETE), the country’s biggest lender, rose 3.8 percent to 1.37 euros.
Major U.S. stock indexes, despite the positive start, finished today's session in negative territory
The session indices grew by positive reports from China, where the index of business activity in the manufacturing sector from HSBC in the first in the last 12 months rose above $ 50, and in Europe, where the lower house of the German parliament overwhelmingly approved on Friday a program of financial aid to Greece and the latter announced plans to exchange their debt securities for bills EFSF.
However, the domestic news is not allowed to develop indices upward movement, or even to maintain their gains.
The manufacturing index of the Institute for Supply Management in November fell again below 50 points, which is the boundary between growth and decline of activity in the sector. In the last reporting month, the figure had fallen to the level of 49.5 points vs. 51.5 points and values for October at 51.7 points. Thus the value of the index in November was the lowest since July 2009.
Pressure on the indices and lack of progress in negotiations to address the "fiscal cliff." Now there is not progress, but regression: before the representatives of the two parties for the constructive and hopes to reach a compromise, the Republicans now claim that "proposals Democrats can not be taken seriously."
DOW index components exhibit predominantly negative dynamics. More than the others fell in the share price E. I. du Pont de Nemours and Company (DD, -1.69%). The leaders are currently stocks Cisco Systems (CSCO, +0.95%).
At the same time, all but one sector of the S & P is in the red. More than other sectors of manufactured goods decreased (-0.7%). Growth shows only the health sector (+0.1%)
At the close:
Dow -59.44 12,966.14 -0.46%
Nasdaq -8.04 3,002.20 -0.27%
S & P -6.71 1,409.47 -0.47%
Change % Change Last
Nikkei 225 9,458.18 +12.17 +0.13%
S&P/ASX 200 4,531.51 +25.47 +0.57%
Shanghai Composite 1,959.77 -20.35 -1.03%
FTSE 100 5,871.24 +4.42 +0.08%
CAC 40 3,566.59 +9.31 +0.26%
DAX 7,435.21 +29.71 +0.40%
Dow -59.44 12,966.14 -0.46%
Nasdaq -8.04 3,002.20 -0.27%
S&P -6.71 1,409.47 -0.47%
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