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Analytics, News, and Forecasts for CFD Markets: stock news — 09-08-2012.
European stocks climbed for a fifth day as Nestle SA (NESN) posted sales growth that beat estimates and a report showed China’s inflation cooled, increasing speculation that policy makers will do more to stimulate the economy.
Nestle, which accounts for more than 3 % of the Stoxx Europe 600 Index (SXXP), advanced 2.4 % as higher prices helped to increase revenue. Novo Nordisk (NOVOB) A/S gained 1.3 % after the company raised its full-year sales and profit forecasts. Deutsche Telekom AG (DTE) slid 2 % after saying it has lost more customers in the U.S. than analysts had forecast.
The Stoxx 600 increased 0.3 % to 270.01, its highest level since March 19.
National benchmark indexes gained in 14 of the 18 western- European markets.
FTSE 100 5,851.51 +5.59 +0.10% CAC 40 3,456.71 +18.45 +0.54% DAX 6,964.99 -1.16 -0.02%
Nestle climbed 2.4 % to 61.05 Swiss francs after the world’s largest food company said sales increased 6.6 %, excluding acquisitions, divestments and currency shifts in the first half of the year.
Of the 261 companies listed on the Stoxx 600 that have reported half-yearly profit this earnings season, 155 have exceeded analysts’ projections, while 101 have missed them.
Novo Nordisk advanced 1.3 % to 938 kroner after the world’s largest insulin maker said 2012 revenue will jump 9 % to 12 % in local currencies, compared with a previous forecast for an increase of 8 % to 11 %. Operating profit in local currencies will climb 15 %, more than the previous prediction of 10 %.
Standard Chartered Plc (STAN) added 3.6 % to 1,363 pence as Chief Executive Officer Peter Sands said yesterday that a New York regulator had no grounds for revoking the lender’s license. The Department of Financial Services said that Standard Chartered had processed $250 billion of transactions with Iranian banks that were subject to sanctions.
Bankia SA (BKIA), the lender Spain nationalized in May, surged 19 % to 1.51 euros for the largest gain on the Stoxx 600. The shares have more than doubled in price since European Central Bank President Mario Draghi pledged on July 26 to do whatever it takes to preserve the euro.
Nokia Oyj (NOK1V), the smartphone maker that started using Microsoft Corp.’s operating system to revive its business, jumped 6.5 % to 2.28 euros after agreeing to sell its Qt app-tools unit to Digia Oyj.
Deutsche Telekom fell 2 % to 9.21 euros after Germany’s largest phone company said T-Mobile USA lost 557,000 contract customers in the second quarter, more than the 346,200 predicted by analysts.
Cable & Wireless Communications Plc (CWC) slid 2.2 % to 31.9 pence and BT Group Plc (BT/A) slipped 2.4 % to 216.3 pence.
Commerzbank AG (CBK) declined 4.2 % to 1.23 euros after projecting that net income in the second half of 2012 will fall below profit in the first half of the year. Germany’s second- largest lender also reported second-quarter net income that rose to 275 million euros from 24 million euros a year earlier. That topped the average analyst estimate of 270 million euros in a Bloomberg survey.
U.S. stock futures were little changed as concern about Europe’s economy tempered data showing that jobless claims unexpectedly declined last week.
Global Stocks:
Nikkei 8,978.6 +97.44 +1.10%
Hang Seng 20,269.47 +203.95 +1.02%
Shanghai Composite 2,174.1 +13.11 +0.61%
FTSE 5,840.64 -5.28 -0.09%
CAC 3,432.6 -5.66 -0.16%
DAX 6,916.15 -50.00 -0.72%
Crude oil $93.84 +0,52%
Gold $1615.70 -0.02%
Cisco Systems added to Conviction Buy List at Goldman
Cisco Systems upgraded to Overweight from Neutral at Piper Jaffray
Bidding opened at the growth of the major indexes in Europe. This occurred against the backdrop of speculation about the possible actions of central banks to stimulate the world economy.
Strengthens the Hope for the beginning measures to stimulate the global economy macroeconomic data from China, where industrial production in July at an annual rate showed an increase of +9.2% +9.8% while the forecast. This decrease is observed the fourth consecutive month.
At the moment:
FTSE 100 5,847.96 +2.04 +0.03%
DAX 6,953.80 -12.35 -0.18%
CAC 3,443.66 +5.40 +0.16%
Nestle, reported better than expected earnings analitiki.Chistaya in the I half of 2012 amounted to 5.120 billion Swiss francs, while the forecast of 4.0 billion francs, while sales - 44.097 billion Swiss francs, while the forecast was 43.8 billion francs, in this Stock shares rose 1.84%.
Deutsche Telekom shares added 0.04% after the increase in the forecast for earnings in 2012, quotes Commerzbank fell 3.8%, due to underestimation of expected profits.
British bank Standard Chartered gained 3.57% after the statement of the credit institution that U.S. regulators have no right to freeze the activities of Standard Chartered in the United States. This week, Standard Chartered's capitalization fell by $ 16 billion, after U.S. regulators accused the bank of illegal transactions with Iran.
Asian stocks rose, with the regional benchmark index extending a three-month high, as slowing gains in China’s inflation, industrial production and car sales boosted bets policy makers will add stimulus to support growth in the region’s biggest economy.
Nikkei 225 8,978.6 +97.44 +1.10%
S&P/ASX 200 4,308.3 -4.26 -0.10%
Shanghai Composite 2,174.1 +13.11 +0.61%
China Minsheng Banking Corp., the nation’s first non-state lender, rose 1.5 percent.
Rio Tinto (RIO) Group climbed 3.6 percent in Sydney after earnings beat estimates and the mining company said a plan to sell diamond assets is “well advanced.”
Oki Electric Industry Co., the best-performing stock in the Nikkei 225 Stock Average this year through yesterday, plunged 34 percent as the ATM maker was put on watch for possible delisting after a unit overstated accounts.Asian stocks rose, with the regional benchmark index trading near a three-month high, on speculation central banks from the U.S. to China will take steps to boost growth and after companies including Chimei Innolux Corp. beat estimates.
Nikkei 225 8,881.16 +77.85 +0.88%
S&P/ASX 200 4,312.56 +21.00 +0.49%
Shanghai Composite 2,160.99 +3.37 +0.16%
Kawasaki Kisen Kaisha Ltd. paced gains among Japanese shipping lines, rising 3.6 percent, before a report tomorrow expected to show inflation slowing in China, making room for policy easing in the world’s biggest commodities market.
Sumco Corp. and other chip-related companies advanced after Goldman Sachs Group Inc. boosted its outlook for the U.S. semiconductor industry.
Chimei Innolux gained 7 percent in Taiwan after the display maker reported a smaller-than-expected loss.
European stocks were little changed as mining companies advanced, offsetting worse-than-estimated financial results from companies such as ING Groep NV (INGA) and Securitas (SECUB) AB.
ING, the largest Dutch financial-services company, lost 1.3 %. Securitas, the world’s second-biggest guarding-services company, sank 8.8 %. Swisscom (SCMN) AG slid after it lowered its full-year sales forecast. Bankia SA (BKIA) surged 24 %.
The Stoxx Europe 600 Index rose 0.1 % at 269.06 as of 4:30 p.m. in London,
National benchmark indexes fell in 13 of the 18 western European markets today.
FTSE 100 5,845.92 +4.68 +0.08% CAC 40 3,438.26 -15.02 -0.43% DAX 6,966.15 -1.80 -0.03%
The outlook on Greece’s CCC rating, already eight levels below investment grade, was revised to negative from stable, S&P said yesterday in a statement. The change reflects the risk of a downgrade if Greece is unable to obtain the next disbursement from the European Union and International Monetary Fund rescue package, the rating company said.
ING slipped 1.3 % to 5.68 euros after reporting second-quarter net income of 1.17 billion euros ($1.45 billion), missing analyst estimates of 1.26 billion euros.
Securitas tumbled 8.8 % to 49.85 kronor after second- quarter net income of 337 million kronor ($50 million) trailed the average analyst estimate of 422 million kronor.
Swisscom dropped 0.4 % to 392.60 Swiss francs after Switzerland’s largest phone company said it now sees revenue declining to 11.3 billion francs ($11.7 billion) this year, compared with a February prediction of 11.4 billion francs. Second-quarter net income fell to 468 million francs from 485 million francs a year earlier, the Bern-based company said.
Nokian Renkaat Oyj (NRE1V), the Nordic region’s largest tire maker, retreated 4.8 % to 31.11 euros after second-quarter sales of 413.8 million euros missed estimates of 416.3 million euros.
Kloeckner & Co. SE, Europe’s biggest independent steel trader, slumped 4.6 % to 7.14 euros after reporting its fourth consecutive quarterly loss and increasing job cuts as the region’s debt crisis weakened demand.
SAS Group, the Nordic region’s largest airline, slipped 1.7 % to 5.85 kronor after reporting second-quarter profit that missed analysts’ estimates as fuel costs increased and European economies weakened.
Bankia, the lender Spain nationalized in May, jumped 24 % to 1.27 euros. The shares have more than doubled since sliding to a record low on July 17.
Major U.S. stock indexes finished trading with a slight increase, while still winning the series, which lasts for the fourth consecutive session.
Major U.S. stock indexes began the session in negative territory on a background of disappointing news of the Corporate Plan, as well as statements by the President of the Dallas Fed, Richard Fisher, who said that the Fed should not create the impression that she can solve all problems.
The pressure on the index at the beginning of the session had a mixed quarterly results from Walt Disney (DIS) and weak sales data for July reported by McDonald's Corp (MCD).
Reducing indices restrict market participants hope the new liquidity injections by the ECB and the Fed.
Above the rest at this time the index rose Dow, sponsored by the increase in shares HPQ. Today, the company raised its earnings forecast for the third quarter, which allowed its shares rise more than 2%, showing the best score in the index Dow.
As part of DOW index most of the components in the black. As already noted, the leader of the shares in Alcoa, Inc (AA, +2,33%). More than any other in the stock price declined McDonald's Corp (MCD, -1,69%).
Branches in the context of the major sectors of the index S & P demonstrate mixed performance. Most other basic materials sector rose (+0.2%). Here is the rest of the sector conglomerates (-0.3%).
At the time of closure:
Dow 13,175.94 +7.34 +0.06%
Nasdaq 3,011.25 -4.61 -0.15%
S & P 500 1,402.22 +0.87 +0.06%
Change % Change Last
Nikkei 225 8,881.16 +77.85 +0.88%
S&P/ASX 200 4,312.56 +21.00 +0.49%
Shanghai Composite 2,160.99 +3.37 +0.16%
FTSE 100 5,845.92 +4.68 +0.08%
CAC 40 3,438.26 -15.02 -0.43%
DAX 6,966.15 -1.80 -0.03%
Dow 13,175.94 +7.34 +0.06%Nasdaq 3,011.25 -4.61 -0.15%
S&P 500 1,402.22 +0.87 +0.06%
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