- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: stock news — 05-10-2012.
European stocks climbed, with the Stoxx Europe 600 posting its first weekly advance in three, after a report showed the U.S. jobless rate unexpectedly declined in September.
The economy added 114,000 workers last month after a revised 142,000 gain in August that was more than initially estimated, Labor Department figures showed today in Washington. The jobless rate dropped from 8.1 percent and hourly earnings climbed more than forecast.
ECB President Mario Draghi reiterated during a press conference in Slovenia yesterday that the central bank won’t start intervening in bond markets until governments like Spain request a bailout and agree to conditions. He also ruled out allowing the ECB to take losses in any further Greek debt restructuring and damped speculation of another interest-rate cut.
National benchmark indexes rose in all of the 18 western European markets except Iceland. France’s CAC 40 advanced 1.6 percent, Germany’s DAX climbed 1.3 percent and the U.K.’s FTSE 100 added 0.7 percent.
Gauges of banks and automakers on the Stoxx 600 were the best performers of the index’s 19 industry groups. BNP Paribas, France’s biggest bank, rallied 3.5 percent to 39.39 euros. BMW advanced 2.1 percent to 60.99 euros.
Burberry rallied 2.8 percent to 1,028 pence. Morgan Stanley raised its recommendation on the stock to overweight, the equivalent of a buy rating, from equal weight.
European stocks climbed, with the Stoxx Europe 600 Index heading for its first weekly gain in three, before a report that may show U.S. payrolls expanded at a faster pace last month.
The U.S. economy created 115,000 jobs last month, up from 96,000 in the prior period, economists forecast before today’s Labor Department report. Earlier this week, a release from ADP Employer Services said companies added 162,000 jobs last month, exceeding economists’ estimates.
ECB President Mario Draghi reiterated during a press conference in Slovenia yesterday that the central bank won’t start intervening in bond markets until governments like Spain request a bailout and agree to conditions. He also ruled out allowing the ECB to take losses in any further Greek debt restructuring and damped speculation of another interest-rate cut.
The prime ministers of Italy, Spain, and France meet at a summit of Mediterranean leaders in Malta today.
Gauges of automakers and oil companies on the Stoxx 600 were among the best performers of the index’s 19 industry groups. BMW advanced 1.3 percent to 60.52 euros. Technip, Europe’s second-largest oilfield-services provider, jumped 2.7 percent to 89.71 euros.
Burberry rallied 1.3 percent to 1,013 pence. Morgan Stanley raised its recommendation on the stock to overweight, the equivalent of a buy rating, from equal weight.
FTSE 100 5,852.21 +24.43 +0.42%
CAC 40 3,428.24 +27.04 +0.80%
DAX 7,348.81 +43.60 +0.60%
Asian stocks rose, with the benchmark regional index set to gain for the first week in three, after European Central Bank President Mario Draghi said the bank stands ready to buy bonds to ease the region’s debt crisis and as U.S. economic data beat estimates. ECB PresidentDraghi said the central bank is ready to start buying government bonds of indebted euro nations as soon as the necessary conditions are fulfilled. The ECB yesterday kept its benchmark interest rate unchanged at a historic low of 0.75 percent.
Nikkei 225 8,863.3 +38.71 +0.44%
S&P/ASX 200 4,494.4 +42.05 +0.94%
Shanghai Composite 2,086.17 +29.85 +1.45%
Brother Industries Ltd., a Japanese office-equipment maker that gets 28 percent of sales in Europe, advanced 2.5 percent.
BHP Billiton Ltd., the world’s biggest mining company, rose 1 percent after a gauge of commodity prices yesterday climbed by the most in two months.
LG Display Co. slid 4.5 percent in Seoul after Korea Investment & Securities cut its rating on the stock, saying television and notebook panel prices may fall.
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.
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 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.
Major U.S. stock indexes rose. Support indices have published data on the number of applications for unemployment benefits, which are for the most recent reporting week went slightly better than expected (367 vs. 371 thousand thousand).
Supported the positive sentiment statement by ECB President Mario Draghi, who at a press conference today noted the positive impact of the new bond-buying program and expressed readiness to resort to the program, as soon as this will be necessary.
Growth indices kept released after the start of trading data on factory orders in the United States, the decline in August of that expected at at -4.1% against growth of 2% in July, in fact, orders fell by 5.2%.
In the composition of the index DOW most components increased in price. Maximum growth showed stocks Alcoa (AA, +3.42%) and Bank of America (BAC, +3.40%).
All of the major economic sectors rose. Leading financial sector (+1.3%). The smallest increase in the tech sector (+0.3%).
NuVasive medical devices plummeted 33% after management lowered the forecast for sales in the third quarter due to "unusually high" number of customers switched to competitors.
U.S. retailer Costco Wholesale reported a 6% growth of same-store sales in September, and as a result its shares rose 1.9%.Change % Change Last
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%
FTSE 100 5,827.78 +1.97 +0.03%
CAC 40 3,401.2 -4.82 -0.14%
DAX 7,305.21 -16.87 -0.23%
Dow 13,575 +80 +0.60%
Nasdaq 3,149 +14 +0.44%
S&P 500 1,461 +10 +0.69%
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
