Analytics, News, and Forecasts for CFD Markets: stock news — 08-02-2013.

European stocks advanced the most in a month, paring a weekly decline, as trade data from China exceeded estimates and European Union leaders agreed the first- ever cuts to the bloc’s budget.

China’s exports and imports rose more than estimated in a January that had five working days more than last year, a report showed. Exports increased 25 percent from a year earlier, the customs administration said, compared with economists’ projection of 17.5 percent. Imports climbed 28.8 percent, exceeding the 23.5 percent median estimate.

EU leaders agreed to a seven-year budget that cuts spending for the first time, bowing to U.K. Prime Minister David Cameron’s insistence on thrift. The deal was struck after 25 1/2 hours of talks in Brussels, according to a post on Twitter by EU PresidentHerman Van Rompuy today. While he didn’t disclose a figure, the final draft blueprint for 2014-2020 included a spending ceiling of 960 billion euros ($1.3 trillion), down from an original proposal of 1.047 trillion euros and less than the 994 billion euros spent in the current budget cycle.

National benchmark indexes advanced in all of the 18 western European markets except Greece. The U.K.’s FTSE 100 gained 0.6 percent, France’s CAC 40 rose 1.4 percent and Germany’s DAX added 0.8 percent.

Software AG advanced 76 cents to 29.23 euros. Germany’s second-biggest software maker said late yesterday it will spend as much as 180 million euros buying back shares.

Credit Agricole rallied 6.9 percent to 7.35 euros, the most since Oct. 1. BNP Paribas raised its recommendation on France’s third-largest bank to buy from hold, citing the improved credibility of management and higher solvency than estimated.

BNP Paribas added 2.4 percent to 44.60 euros after Bank of America advised buying the shares, saying the lender’s results should confirm it has enough capital to support growth.

Telecom Italia slipped 1.3 percent to 66 euro cents, its lowest price since August, after reporting 2012 earnings before interest, taxes, depreciation and amortization of 11.7 billion euros. Analysts on average had estimated 11.8 billion euros.

Resistance 3:1696 (high of ​​January)

Resistance 2:1684 (area of lows of current and last week)

Resistance 1:1678 (MA (50) for D1)

Current Price: 1669.10 (+0.04%)

Support 1: 1663 (area of MA(200) for D1 and weekly low)

Support 2: 1643 (Jan 7 low)

U.S. stock futures slightly rose as investors weighed corporate earnings and a report showing the trade deficit narrowed more than forecast.

Global Stocks:

Walt Disney (DIS) target raised to $65 from $60 at Argus

European stock indices show growth on positive data on Chinese trade exceeded analysts' projections, as well as due to the fact that EU leaders at a summit on February 7-8 will try for the second time in recent months to agree on a draft budget for the next block of seven years.

One of the major issues of concern to experts before the summit: how far are willing to go France and Italy, to meet the requirements of the UK on further reducing the cost of 30 billion euros from the last version of the proposed - 973 billion euros (without extra costs). The only point on which all parties are willing to agree, this is any reductions mainly affect the "Expenditures on growth and competitiveness," the European Union.

The focus of the market is today publication of data on the labor market in Canada.

To date:

FTSE 100 6,250.78 +22.36 +0.36%

DAX 7,596.39 +5.54 +0.07%

CAC 3,617.34 +15.24 +0.46%

Hugo Boss AG shares rose 1.3% after reporting fourth-quarter results that exceeded analysts' estimates.

The market value of Alcatel-Lucent rose 3.3% after analysts at Morgan Stanley upgraded the company.

Market quotes Telecom Italia fell 1.4% after EBITDA, whose results were worse than forecast.

Capitalization of PSA Peugeot Citroen fell by 3.6% due to the fact that the company, the results for 2012 will include a write-off in the amount of 4.13 billion euros.

Most Asian stocks fell, paring this week’s advance, after Sony Corp. posted an unexpected loss and the European Central Bank said the euro’s strength could hamper an economic recovery, damping the profit outlook for exporters.

Nikkei 225 11,153.16 -203.91 -1.80%

Hang Seng 23,215.16 +38.16 +0.16%

S&P/ASX 200 4,971.3 +35.59 +0.72%

Shanghai Composite 2,432.4 +13.87 +0.57%

Sony tumbled 10 percent after posting an eighth-straight quarterly loss and cutting sales targets for TVs, gaming devices and cameras.

GS Engineering & Construction Corp. lost 7 percent in Seoul, among the biggest declines on the Asian benchmark, after reporting a fourth-quarter loss.

Fujitsu Ltd., a Japanese maker of computers, network equipment and mobile phones, gained 5.1 percent after saying it will eliminate 5,000 jobs and merge its LSI chip business with Panasonic Corp.

The euro fell the most since July against the dollar after European Central Bank President Mario Draghi said the recent strength of the currency creates a concern that inflation will slow.

The 17-nation euro declined versus all but two of 16 major counterparts as Draghi said after a policy meeting in Frankfurt that the risk to the region’s growth remains on the “downside.”

There are downside risks to inflation “stemming from weaker economic activity and, more recently, the appreciation of the euro exchange rate,” according to a statement of opening remarks from Draghi placed on the ECB’s website. The central bank kept its benchmark rate at a record-low 0.75 percent.

Draghi said the euro’s exchange rate is in line with its long-term average, though officials will monitor it in case a “sustained” appreciation alters the ECB’s assessment of risks to price stability. Germany’s two-year note yield fell four basis points, or 0.04 percentage point, to 0.17 percent.

The pound rose for a second day versus the euro and the dollar after Carney, the Bank of Canada governor who succeeds Bank of England Governor Mervyn King in July, told lawmakers in London that current monetary policy may be enough to help the economy.

The central bank left its benchmark interest rate at a record-low 0.5 percent and its asset-purchase target unchanged at 375 billion pounds ($589 billion) at a policy meeting.

New Zealand’s dollar dropped for a second day against the U.S. currency after the statistics bureau said payrolls fell 1 percent in the final three months of 2012. The workforce participation rate declined to the lowest in eight years.

Change % Change Last

Hang Seng 23,177 -79.93 -0.34%

S&P/ASX 200 4,935.7 +14.75 +0.30%

Shanghai Composite 2,418.53 -15.95 -0.66%

CAC 40 3,601.05 -41.85 -1.15%

DAX 7,590.85 +9.67 +0.13%

NASDAQ 3,165.13 -3.35 -0.11%

S&P 500 1,509.32 -2.80 -0.19%

Dow 13,944.05 -42.47 -0.30%