Analytics, News, and Forecasts for CFD Markets: stock news — 05-03-2013.

European stocks rose, with the Stoxx Europe 600 Index rallying to a 4 1/2-year high, amid speculation that central banks around the world will continue with measures to support economic recovery.

Federal Reserve Vice Chairman Janet Yellen said yesterday the U.S. central bank should press on with its $85-billion monthly bond purchases. Yellen echoed Chairman Ben S. Bernanke’s comment last week that the benefits of the Fed’s low interest rates and $3.1 trillion balance sheet outweigh any risk of financial instability.

In Asia, Kikuo Iwata, a nominee for deputy governor at the Bank of Japan, said the monetary authority should buy longer- term bonds to help it achieve a 2 percent inflation target.

China plans to raise its budget deficit by 50 percent this year as the government cuts taxes and boosts measures to support consumer demand in the world’s second-biggest economy. Premier Wen Jiabao set a growth target of 7.5 percent for 2013.

In the euro area, officials indicated that budget policies may be eased after a backlash against austerity plans.

Economic strains may “justify in a certain number of cases reviewing deadlines for the correction of excessive deficits,” European Union Economic and Monetary Commissioner Olli Rehn told reporters late yesterday.

National benchmark indexes climbed in all of the 18 western European markets except Greece. France’s CAC 40 rose 2.1 percent. The U.K.’s FTSE 100 gained 1.4 percent. Germany’s DAX added 2.3 percent.

Standard Chartered climbed 3.2 percent to 1,837.5 pence, the highest price since December 2010. Britain’s second-largest lender by market value said pretax profit rose to $6.88 billion from $6.78 billion a year earlier. That beat the $6.84 billion estimate of analysts.

Serco rallied 8.9 percent to 630.5 pence, the biggest jump since September 2003. The U.K. services company that operates prisons and London’s Docklands Light Railway posted 6 percent growth in adjusted pretax profit and increased the dividend 20 percent to 10.1 pence.

Roche Holding AG, the world’s largest maker of cancer drugs, gained 1.4 percent to 218.30 Swiss francs, the highest price since October 2007. The company obtained European Union approval for its breast-cancer drug Perjeta. Separately, Chief Executive Officer Severin Schwan confirmed the company’s 2013 sales and earnings forecasts and said he expects Roche will be able to raise its dividend for this year.

Deutsche Post AG increased 5.8 percent to 17.99 euros, the highest price since June 2008. Europe’s biggest postal service said fourth-quarter net income totaled 542 million euros ($707 million), topping the average 482 million-euro analyst forecast. The company said it expects 2013 earnings before interest and taxes in the range of 2.70 billion euros to 2.95 billion euros. That compared with the average analyst estimate calling for 2.87 billion euros.

U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will climb for a third day, as China vowed to maintain its growth target and investors awaited a report on services businesses in February.

Global Stocks:

Other:

Google (GOOG) tgt to $1000 from $875 at Jefferies

European stocks rose while still achieving maximum values ​​for the last four and a half years, on speculation that central banks around the world will continue to take measures to support the economic recovery.

Stoxx Europe 600 Index (SXXP) rose 1.3% to 292.53, after rising to its highest level since August 12, 2008.

Recall that yesterday, deputy chairman of the Federal Reserve Janet Yellen said the U.S. central bank should insist on monthly purchases of bonds in the amount of $ 85 billion in addition, Yellen reiterated comments Ben Bernanke, that the benefits of historically low interest rates the Fed outweigh any risks of financial instability.

Shares of Standard Chartered (STAN) rose by 2.9% to 1,831.5 pence, reaching the highest price since December 2010. The second-largest lender by market value UK said that pre-tax profit rose to $ 6.88 billion from $ 6.78 billion a year earlier, while economists have estimated it at $ 6.84 billion

Serco cost rose 11% to 642 pence, showing the biggest jump since September 2003. British services company announced a 6% increase in adjusted earnings before taxes and dividends increased by 20% to 10.1 pence.

Deutsche Post AG shares rose 3.8% to 17.65 euros, registering the largest increase in seven months. Europe's largest postal service said that fourth-quarter net profit of 542 million euros ($ 707 million), exceeding the average analyst forecast at 482 million euros. In addition, the company expects 2013 earnings before interest and taxes will be in the range of 2.70 billion to 2.95 billion euros, compared with the average analyst estimate at 2.87 billion

To date:

FTSE 100 6,394.57 +48.94 +0.77%

CAC 40 3,758.17 +48.41 +1.30%

Asian stocks climbed, with the regional benchmark index rising after two days of losses, amid speculation central bankers will continue stimulus measures and as China maintained its economic-growth target for 2013.

Nikkei 225 11,683.45 +31.16 +0.27%

Hang Seng 22,560.5 +22.69 +0.10%

S&P/ASX 200 5,075.36 +64.84 +1.29%

Shanghai Composite 2,326.31 +52.90 +2.33%

James Hardie Industries SE, a building-materials supplier that gets two-thirds of its sales from the U.S., rose 3.9 percent in Sydney.

SK Hynix Inc., the world’s second-largest maker of computer memory chips, added 3.9 percent in Seoul after Kiwoom Securities Co. said chip prices will continue to gain this month.

Fast Retailing Co., Asia’s biggest clothier, jumped 5.5 percent in Tokyo after reporting same-store sales at its Uniqlo outlets in Japan increased last month.

Asian stocks dropped, with the regional benchmark index heading for its second day of decline, after China tightened mortgage rules to cool the property market. Japanese shares pared gains.

Nikkei 225 11,652.29 +45.91 +0.40%

Hang Seng 22,537.81 -342.41 -1.50%

S&P/ASX 200 5,010.52 -75.61 -1.49%           

Shanghai Composite 2,273.4 -86.10 -3.65%

China Resources Land Ltd., a state-owned developer, slumped 9.3 percent in Hong Kong, pacing declines among Chinese real- estate companies.

Noble Group Ltd., Asia’s biggest commodity trader by sales, dropped 2.6 percent in Singapore after Citigroup Inc. downgraded its rating.

Mitsubishi Estate Co., Japan’s No. 1 developer by market value, rose 3.6 percent after Bank of Japan nominee Haruhiko Kuroda said he will do whatever it takes to end deflation.

European stocks were little changed as utility shares rallied, offsetting HSBC Holdings Plc’s biggest retreat since July and a survey that showed China’s services industries slowed last month.

China’s government intensified its three-year campaign to cool the real estate market, ordering larger deposits and stricter enforcement of sales taxes. The People’s Bank of China’s regional branches may implement the measures in conjunction with the price-control targets of local governments, the country’s cabinet said in a statement.

In Rome, a senior aide to Democratic Party leader Pier Luigi Bersani said the country will need to hold another election if the center left fails to build a coalition commanding a majority of seats in the Senate.

The finance ministers of the 17-member euro area meet in Brussels today to discuss the planned bailout for Cyprus.

National benchmark indexes dropped in 12 of the 18 western- European markets. The U.K.’s FTSE 100 slipped 0.5 percent, France’s CAC 40 rose 0.3 percent and Germany’s DAX retreated 0.2 percent. Greece’s ASE Index lost 2.1 percent after Russell Investments reclassified the country as an emerging market.

HSBC dropped 2.5 percent to 710 pence after saying pretax earnings fell 5.6 percent in 2012 because of a record settlement for anti-money-laundering sanctions in the U.S. and a charge to revalue its own debt. Profit of $20.65 billion trailed the $23.49 billion estimate of 26 analysts surveyed by Bloomberg. The lender took a $5.2 billion charge for revaluing its debt.

Anglo American Plc retreated 2.7 percent to 1,849 pence after Nomura Holdings Inc. downgraded the stock to reduce, a rating similar to sell, from neutral. The brokerage said that analysts need to lower their estimates for the company’s earnings this year.

Debenhams slumped 15 percent to 80.7 pence, for the biggest tumble on the Stoxx 600. The second-largest U.K. department store forecast that pretax profit for the first half of the year will decline to 120 million pounds ($181 million) after snow disrupted sales. Comparable revenue dropped 10 percent from Jan. 14 to Jan. 27, the retailer said.

U.S. stocks rose, sending the Dow Jones Industrial Average to its highest close since 2007, as speculation the Federal Reserve will continue stimulus measures overshadowed concern over spending cuts and China’s economy.

Stocks rose as Federal Reserve Vice Chairman Janet Yellen said the U.S. central bank should press on with $85 billion in monthly bond buying while tracking possible costs and risks from the unprecedented program.

Equities fell early in the trading day as China’s services industries expanded last month at the slowest pace since September. The non-manufacturing Purchasing Managers’ Index fell to 54.5 in February from 56.2 in January, the Beijing-based National Bureau of Statistics and China Federation of Logistics and Purchasing said. A reading above 50 indicates expansion.

Automatic cuts in U.S. federal spending, half of which are in defense programs, went into effect March 1 following a congressional impasse. The government will reduce spending by $1.2 trillion over the next nine years, including $85 billion in this fiscal year. The budget cuts will cause a 0.6 percentage- point reduction in economic growth this year, the Congressional Budget Office has estimated.

Even as President Barack Obama phoned Democratic and Republican legislators over the weekend, Obama’s aides and congressional leaders signaled the budget reductions would continue for weeks, possibly months.

Both sides indicated that revisiting the reductions would begin after they resolve a confrontation over legislation that’s needed to keep federal agencies running beyond March 27, placing a premium on avoiding a government shutdown.

DOW index components finished trading mostly higher (19 of 30). More than others in the share price fell Caterpillar Inc. (CAT, -1.76%).. Leader shares were Wal-Mart Stores Inc. (WMT, +2.12%).

On result of yesterdays session:

S&P 500 1,522.51 +4.31 +0.28%

NASDAQ 3,179.91 +10.17 +0.32%

Change % Change Last

Nikkei 225 11,606.38 +47.02 +0.41%

Hang Seng 22,880.22 -140.05 -0.61%

S&P/ASX 200 5,086.13 -17.95 -0.35%

Shanghai Composite 2,359.51 -6.09 -0.26%

CAC 40 3,709.76 +9.85 +0.27%

DAX 7,691.68 -16.48 -0.21%

S&P 500 1,522.51 +4.31 +0.28%

NASDAQ 3,179.91 +10.17 +0.32%

Dow 14,119.42 +29.76 +0.21%