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Analytics, News, and Forecasts for CFD Markets: stock news — 06-12-2012.
European (SXXP) stocks advanced to an 18- month high amid optimism U.S. lawmakers will agree on a new budget and avoid the so-called fiscal cliff.
European Aeronautic, Defence & Space Co. jumped 8 percent after announcing a new shareholder structure and saying it will buy back shares. Daimler AG (DAI) rose 1.2 percent after selling half its remaining holding in EADS. (EAD) GDF Suez SA slid to its lowest ever after saying earnings will decline next year.
The Stoxx Europe 600 Index added 0.7 percent to 278.82 at the close of trading, its highest since May 31, 2011.
ECB President Mario Draghi said he expects weak economic growth for the euro-area to continue into the next year.
At a press conference in Frankfurt, he said the ECB now forecasts that the economy will shrink 0.5 percent this year, more than the 0.4 percent contraction it predicted in September. The ECB cut its 2013 forecast to a contraction of 0.3 percent from 0.5 percent growth, he said.
The ECB kept its benchmark interest rate unchanged at a record low of 0.75 percent. The Bank of England also left its interest rate unchanged today.
National benchmark indexes rose in 15 of the 18 western European markets.
FTSE 100 5,901.42 +9.34 +0.16% CAC 40 3,601.65 +11.15 +0.31% DAX 7,534.54 +79.99 +1.07%
EADS jumped 8 percent to 29.40 euros after the company changed its ownership structure to allow Germany and France to each hold a 12 percent stake. EADS also said it will buy back as much as 15 percent of outstanding shares.
Daimler advanced 1.2 percent to 38.65 euros after selling a 7.5 percent-stake in EADS, valued at 1.66 billion euros ($2.17 billion). The automaker will sell more of its remaining 7.5 percent holding after a lock-up period of 180 days from the end of the sale of the first tranche.
Imagination Technologies Plc (IMG) climbed 6.4 percent to 426.5 pence after JPMorgan Chase & Co. analysts led by Sandeep Deshpande said that the company’s first-half results next week will meet or beat analyst expectations. The stock has “considerable upside” in the medium term, they wrote.
Zumtobel AG (ZAG) advanced 5.9 percent to 9 euros after JPMorgan wrote that the Austrian lighting company’s profit margins will improve, raising its recommendation on the shares to overweight, the equivalent of buy, from neutral.
GDF Suez (GSZ) tumbled 11 percent to 15.29 euros, the lowest price since its initial public offering in July 2005. Europe’s largest utility by market value said late yesterday that recurring net income will be 3.1 billion euros to 3.5 billion euros next year, compared with an expected 3.7 billion euros to 4.2 billion euros in 2012. Bank of America lowered its recommendation on the shares to neutral, the equivalent of hold, from buy.
Saipem SpA (SPM), Europe’s largest oil contractor by market value, plunged 6.7 percent to 30.49 euros. The company said late yesterday that Chief Executive Officer Pietro Franco Tali and Alessandro Bernini, chief financial officer at its biggest shareholder, Eni SpA, resigned amid an Italian investigation into contracts in Algeria.
U.S. stock futures fell as the European Central Bank cut its growth forecasts, citing “downside risks.”
Global Stocks:
Nikkei 9,545.16 +76.32 +0.81%
Hang Seng 22,249.81 -21.10 -0.09%
Shanghai Composite 2,029.24 -2.67 -0.13%
FTSE 5,905.77 +13.69 +0.23%
CAC 3,592.24 +1.74 +0.05%
DAX 7,516.39 +61.84 +0.83%
Crude oil $87.13 -0.85%
Gold $1690.50 -0.19%
Chevron (CVX) was upgraded from Hold to Buy at Dahlman Rose
European stocks advanced, extending an 18-month high, amid optimism U.S. lawmakers will agree on a budget.
About 80 members of Congress, comprising Republicans and Democrats, signed a letter calling for an exploration of “all options” in a bid to end a deadlock between President Barack Obama and House Speaker John Boehner over taxes for the highest- earning Americans.
Obama and Boehner spoke by telephone yesterday, according to Boehner spokesman Michael Steel. Congress must reach an agreement over the budget by the end of the year to prevent more than $600 billion of automatic tax increases and spending cuts from coming into effect.
European Central Bank President Mario Draghi will unveil updated economic forecasts, including the first outlook for 2014, at a press conference scheduled for 2:30 p.m. in Frankfurt. Economists projected the central bank will keep its benchmark interest rate unchanged at a record low of 0.75 percent, in a decision due 45 minutes before the briefing.
A separate survey of economists projected the Bank of England will also leave its interest rate unchanged in an announcement due at noon in London.
European Aeronautic, Defence & Space Co. jumped 7.8 percent to 29.36 euros after the company, which failed to win government approval for a merger with BAE Systems Plc earlier this year, changed its ownership structure to allow Germany and France to each hold a 12 percent stake. EADS also said it will buy back as much as 15 percent of outstanding shares.
Daimler advanced 1.2 percent to 38.67 euros after selling a 7.5 percent-stake in EADS, valued at 1.66 billion euros ($2.17 billion). The automaker will sell more of its remaining 7.5 percent holding after a lock-up period of 180 days from the end of the sale of the first tranche.
GDF Suez tumbled 13 percent to 15 euros, its lowest intra- day price since July 2005, after Europe’s largest utility by market value said late yesterday that recurring net income will be 3.1 billion euros to 3.5 billion euros next year, compared with an expected 3.7 billion euros to 4.2 billion euros in 2012.
На текущий момент:
FTSE 100 5,904.49 +12.41 +0.21%
CAC 40 3,606.2 +15.70 +0.44%
DAX 7,531.89 +77.34 +1.04%
Asian stocks rose, with the regional benchmark index headed for its highest close in eight months, after data on U.S. services and factory orders beat estimates.
Nikkei 225 9,545.16 +76.32 +0.81%
S&P/ASX 200 4,509.35 -11.05 -0.24%
Shanghai Composite 2,029.24 -2.67 -0.13%
Honda Motor Co., the Japanese carmaker that counts North America as its biggest market, gained 1.6 percent in Tokyo.
Largan Precision Co., a supplier of camera lenses for Apple Inc.’s iPhone, jumped 7 percent in Taipei after reporting sales more than doubled last month.
SC Global Developments Ltd. surged 49 percent in Singapore after its Chief Executive Officer Simon Cheong offered to buy the rest of the property developer.
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.
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.
The published data on the index of business activity in the service sector and manufacturing orders have supported indices are turned back from session lows at the close of trading, the index DOW and S & P rose above zero.
Statistics showed that the index of business activity in the service of the Institute for Supply Management (ISM) in November rose to the level of 54.7 points, while analysts were expecting to reduce it to the level of 53.8 points versus the value of 54.2 points in October.
Released in parallel report on factory orders recorded their growth by 0.8% in October, compared with an expected value of 0.1% and 4.5% in September (revised from 4.8%).
Market participants continue to follow the negotiations on the issue of automatic tax increases and spending cuts, which media called fiscal or budget break.
Today, Speaker of the U.S. House of Representatives John Boehner said that President Barack Obama has called back its proposals. Boehner also said that at the moment no Republican plan or a plan Democrats can not be sent to a vote in Congress.
The cost of Apple fell 5.96% to $ 541.54 after the COR Clearing raised margin requirements "specifically" for Apple, with 30% to 60%, citing "high concentration", according to StreetInsider. According to market researcher IDC, the market share of the global tablet market will fall below 50% in 2016 from 56.3% in 2011, against the background of increased competition. They also noted that Microsoft, which introduced a new tablet at the beginning of this year, will hold more than 10% of the world market in 2016 with the operating system Windows.
Most of the components of the index DOW traded in positive territory. In the red are only five components that show the greatest decrease in stock Intel Corporation (INTC, -0.65%) and International Business Machines Corp. (IBM, -0,49%). The leaders are currently shares Bank of America Corporation (BAC, +5,30%).
Mainly positive dynamics show sector index S & P. The largest growth sector demonstrates utilities (+1.1%) and the financial sector (+1.0%). Reduction only shows the technology sector (-0.5%) and consumer goods sector (-0.3%).
At the close:
Dow +82.71 13,034.49 +0.64%
Nasdaq -22.99 2,973.70 -0.77%
S & P +2.21 1,409.26 +0.16%
Change % Change Last
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%
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%
Dow +82.71 13,034.49 +0.64%
Nasdaq -22.99 2,973.70 -0.77%
S&P +2.21 1,409.26 +0.16%
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