Analytics, News, and Forecasts for CFD Markets: stock news — 10-07-2012.

European stocks rose for the first time in a week, as the increased level of production in the UK and Italy. Eurozone ministers also agreed on steps to support the Spanish banks.

Stoxx Europe 600 Index (SXXP) rose 0.8% to 255.6 at the close of trading. Data from Italy and the UK were better than expected. Office for National Statistics said that in Britain the level of production increased by 1.2% in May. The average forecast of 26 economists was for a decline of 0.1%. Total industrial production increased by 1%. In Italy, industrial output grew by 0.8% in May. Economists had forecast a decline of 0.6%. We also learned that European governments agreed to provide 30 billion euros ($ 37 billion) for Spain at the end of July, in order to eventually use the euro rescue fund to recapitalize banks directly, rather than burdening the Spanish government debt.

National indexes rose in all western European markets except Greece and Iceland.

FTSE 100 5,674.71 +47.38 +0.84% ​​CAC 40 3,182.01 +25.21 +0.80% DAX 6,448.57 +61.00 +0.95%

ASML shares rose 8.6% to 43.15 euros, showing the biggest increase since September 2008. Shares of Barclays rose 2.2% to 167 pence.

Logitech International SA (LOGN) grew by 4.3% to 10.12 Swiss francs. The world's largest manufacturer of computer mice, said the board will ask shareholders to approve the one-time dividends.

Marks & Spencer Group Plc (MKS) rose 2.1% to 327.8 pence. The largest clothing retailer in the UK said that the head of general merchandise Kate Bostock resign.

Afren Plc (AFR) increased by 9.1% to 114.3 pence amid speculation he may receive a takeover bid. Exxon Mobil Corporation and Eni SpA are considering possible bids for oil and gas companies.

Ipsen (IPN) has fallen by 11% to 17.70 euros after U.S. regulators suspended the trial of the drug.

Balfour Beatty Plc (BBY) fell by 2.9% to 302 pence after the data for the UK showed that the level of production in 2012 will be in line with expectations.

Sodexo (SW) fell by 5% to 58.19 euros, showing the biggest drop since November 2009. The second-largest supplier of catering services, said that sales growth slowed in the third quarter due to deteriorating economic conditions.

U.S. stock futures advanced as concern over Europe’s debt crisis eased after the region’s officials took steps to protect Spanish banks.
Futures rose as European governments will jump-start as much as 100 billion euros ($123 billion) in emergency loans to shore up Spain’s banks and may move the costs off the Spanish government’s balance sheet. Finance chiefs agreed to make available 30 billion euros by the end of this month.

Global Stocks:

Nikkei  8,857.73 -39.15 -0.44%
Hang Seng 19,396.36 -31.73 -0.16%
Shanghai Composite 2,164.44 -6.38 -0.29%
FTSE 5,675.52 +48.19 +0.86%
CAC 3,190.97 +34.17 +1.08%
DAX 6,457.99 +70.42 +1.10%
Crude oil $85.52 (-0,55%)
Gold 0.59% $1598.50
 

European stocks rose for the first time in a week as manufacturing in U.K. and Italy unexpectedly gained and euro-area governments moved to support Spanish banks. U.S. index futures advanced while Asian shares dropped.

U.K. factory output rose 1.2 percent in May from the previous month, the Office for National Statistics said today in London. In Italy, industrial production gained 0.8 percent in May from a month earlier, the national statistics office Istat said.

European governments agreed to lend 30 billion euros ($37 billion) to Spain by the end of July, with the aim of eventually using the euro-area bailout fund to recapitalize banks directly, instead of burdening the Spanish government with the debts, Luxembourg Prime Minister Jean-Claude Juncker said.

China’s imports rose less than expected in June, pushing the trade surplus to a three-year high and adding pressure on the government to boost economic stimulus. Inbound shipments increased 6.3 percent from a year earlier, the customs bureau said, compared with the 11 percent median estimate in a survey of 32 economists. Export growth slowed to 11.3 percent and the trade surplus rose to $31.7 billion.

In the U.S., Alcoa Inc. (AA) began the second-quarter earnings season yesterday. The nation’s largest aluminum producer said profit excluding charges related to a proposed settlement of Aluminium Bahrain BSC’s bribery lawsuit and other items was 6 cents a share, compared with the 5-cent average of 19 estimates.

ASML jumped 9.1 percent to 43.35 euros after Intel said it will take an initial 10 percent stake in the Dutch company for about $2.1 billion, and later another 5 percent for about $1 billion. ASML will also get another $1 billion in stages, the world’s largest chipmaker said yesterday.

FTSE 100 5,672.94 +45.61 +0.81%       

CAC 40 3,192.39    +35.59 +1.13%               

DAX 6,465.46         +77.89 +1.22%

Asian stocks fell a fourth day after China’s trade data signaled the world’s second-biggest economy is slowing. Shares rose earlier after euro-region finance chiefs made progress on finalizing Spain’s bailout.

Nikkei 225 8,857.73    -39.15 -0.44%

S&P/ASX 200 4,098.02 -20.25 -0.49%

Shanghai Composite 2,164.44 -6.38 -0.29%

BHP Billiton Ltd., the world’s largest miner, reversed gains after imports to China grew at about half the pace expected by economists.

China Yurun Food Group Ltd. tumbled 4.7 percent after its chairman resigned.

Nikon Corp. slumped 7 percent in Tokyo after Intel Corp. said it will invest in a rival of the Japanese manufacturer of chip-making equipment.

Cosco Pacific Ltd., which operates a port in Greece, rose 2.3 percent after Europe agreed to speed loans to Spanish banks.

Asian stocks fell, with the regional benchmark index headed for the biggest slide in a month, after Premier Wen Jiabao said China’s economy faces “relatively large” downward pressure and Japanese machinery orders fell the most in a decade.

Nikkei 225 8,896.88 -123.87 -1.37%

S&P/ASX 200 4,118.3 -39.51 -0.95%

Shanghai Composite 2,170.81 -52.77 -2.37%

BHP Billiton Ltd. the world’s biggest mining company, slid 1.9 percent as metals prices dropped following a U.S. jobs report that showed hiring isn’t increasing fast enough to lower the unemployment rate.

China Overseas Land & Investment Ltd. led declines among Chinese developers traded in Hong Kong after Wen pledged to prevent home prices rebounding.

Iluka Resources Ltd. tumbled 24 percent after the world’s biggest zircon producer cut its sales forecast for the mineral by as much as 50 percent.

Change % Change Last

Nikkei 225 8,896.88 -123.87 -1.37%

S&P/ASX 200 4,118.3 -39.51 -0.95%

Shanghai Composite 2,170.81 -52.77 -2.37%

FTSE 100 5,627.33 -35.30 -0.62%

CAC 40 3,156.8 -11.99 -0.38%

Xetra DAX 6,387.57 -22.54 -0.35%

S&P 500 1,352.46 -2.22 -0.16%

NASDAQ 2,931.77 -5.56 -0.19%

Dow Jones 12,736.29 -36.18 -0.28%