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Analytics, News, and Forecasts for CFD Markets: stock news — 05-12-2012.
European stocks ended the session in positive territory, as China signaled broad political support for economic recovery by allowing insurers to invest more money into the banks and in the promotion of urbanization.
Shares of HSBC Holdings Plc (HSBA) rose 1.24% after the bank agreed to sell its stake in China's Ping An Insurance Co (Group) for $ 9.4 billion. As it became known, the largest bank in Europe by market value to revive profits and increase capital.
Cost Tesco Plc rose by 3.31% percent after the company said it was reviewing the terms of its U.S. business. Aker Solutions ASA shares gained 4.98% after the company said it would increase their margins based on earnings before interest, taxes, depreciation and amortization by 15% by the end of 2017. Aker also said that on the way to achieving its objectives of growth, by 2015 it will support payments from 30 to 50 percent of their net income through dividends or share repurchases.
Stoxx 600 advanced 0.24% to 276.91 at the close of trading.
FTSE 100 5,892.08 +23.04 +0.39% CAC 40 3,590.5 +10.02 +0.28% DAX 7,454.55 +19.43 +0.26%
Also released today from ADP data showed that the number of people employed in November fell more than expected by experts, thus reaching the level of 118 thousand, compared to 157 thousand in the last month. Another report showed that the level of industrial orders in October rose by 0.8%, while expected to increase by only 0.1%, after increasing by 4.5% last month.
Shares Stagecoach Plc, which owns 49 percent of Virgin Trains, climbed 5.86% to 308.7 pence. It is learned that in the first half pre-tax profit amounted to 124 million pounds ($ 200 million), which was higher than forecast at 114 million pounds. The same time, adjusted earnings per share was 16.8 pence, which also exceeded the average forecast at around 15.5 pence.
The cost of Nokia Oyj (NOK1V) rose by 9.66% to 2.77 euros after the Finnish mobile phone manufacturer introduced a version of its flagship smartphone for China Mobile Ltd.
U.S. stock futures slightly advanced as China eased restrictions on investing in banks and its new leaders backed urban development.
Global Stocks:
Nikkei 9,468.84 +36.38 +0.39%
Hang Seng 22,270.91 +470.94 +2.16%
Shanghai Composite 2,031.91 +56.76 +2.87%
FTSE 5,879.77 +10.73 +0.18%
CAC 3,586.98 +6.50 +0.18%
DAX 7,446.71 +11.59 +0.16%
Crude oil $88.37 -0.15%
Gold $1700.40 +0.27%
Intel (INTC) was downgraded from Mkt Perform to Underperform at Raymond James.
European stocks rose for a third day, led by banks and mining companies, after China signaled wider policy support for the economic recovery by allowing insurers to invest more in banks and promoting urbanization.
China will keep macroeconomic policies stable, making adjustments as needed to deal with difficulties, the Communist Party’s Politburo said in its first assessment of the economy under new leader Xi Jinping.
The world’s second-largest economy will expand domestic demand, actively promote urbanization, strengthen real-estate controls and support small business, Xinhua said.
Separately, the China Insurance Regulatory Commission abolished a rule limiting insurance companies’ investments in commercial banks.
HSBC gained 1 percent to 642.6 pence. The bank agreed to sell its stake in China’s Ping An Insurance to Thai billionaire Dhanin Chearavanont for $9.4 billion as Europe’s biggest bank by market value moves to revive profit and boost capital.
UniCredit SpA rose 2.2 percent to 3.84 euros and Commerzbank AG added 2.9 percent to 1.43 euros, as a gauge of European lenders advanced 1 percent.
An index of mining shares posted the best performance among the 19 industry groups in the Stoxx 600. Vedanta Resources climbed 5.3 percent to 1,122 pence, the highest since Nov. 7. Rio Tinto Group and BHP Billiton Ltd. jumped 2.8 percent to 3,217 pence and 2.4 percent to 1,997.5 pence, respectively.
Nokia gained 6.9 percent to 2.70 euros. The Finnish mobile- phone maker unveiled a version of its flagship smartphone for China’s largest wireless carrier, China Mobile Ltd.
FTSE 100 5,880.35 +11.31 +0.19%
CAC 40 3,588.78 +8.30 +0.23%
DAX 7,448.55 +13.43 +0.18%
Asian stocks rose, with the regional benchmark index headed for its highest close in seven months, as Chinese banks and insurers surged after a rule limiting insurers’ investments in commercial lenders was abolished and the country’s new leaders pledged to promote “urbanization.”
Nikkei 225 9,468.84 +36.38 +0.39%
S&P/ASX 200 4,520.4 +16.82 +0.37%
Shanghai Composite 2,031.91 +56.76 +2.87%
Industrial & Commercial Bank of China Ltd., the world’s biggest lender, gained 1.4 percent in Hong Kong.
Ping An Insurance Co. jumped 5.1 percent as HSBC Holdings Plc agreed to sell its stake in China’s second-largest insurer for $9.4 billion.
Fast Retailing Co. gained 3 percent in Tokyo after Asia’s No. 1 apparel seller reported higher domestic sales at its Uniqlo chain.
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.
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.
Major U.S. stock indexes were unable to recover the lost ground, and ended the session in moderate losses.
Major U.S. stock indexes are in negative territory amid expectations of further negotiations to address the "fiscal cliff."
At the moment both sides presented their plans for negotiations, which indicate significant differences in this matter.
President Obama, in his first interview after re-election, said that he did not expect 100% acceptance of its plan, pointing to the fact thus the willingness to compromise, but added that he does not agree on a solution that will not include a tax increase.
In general, the uncertainty remains and this puts pressure on the indices.
DOW index components show a mixed trend. More than others in the share price fell Verizon Communications Inc. (VZ, -0,95%). Lead in the current promotions Hewlett-Packard (HPQ, +5.17%).
Mixed trend also shows the sector index S & P. Industrial products sector leader (+0.4%). More than other public utilities sector declined (-0.4%).
At the close:
Dow-13.90 12,951.70 -0.11%
Nasdaq -5.51 2,996.69 -0.18%
S & P -2.42 1,407.04 -0.17%
Change % Change Last
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%
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%
Dow-13.90 12,951.70 -0.11%
Nasdaq -5.51 2,996.69 -0.18%
S&P -2.42 1,407.04 -0.17%
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