- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: stock news — 10-09-2012.
European stocks fell, after the region’s equities posted their largest weekly gain in three months, as China’s imports unexpectedly dropped, and Greece struggled to qualify for aid payments.
In China, inbound shipments declined 2.6 percent in August from a year earlier, the customs bureau said in Beijing today. That missed the median estimate of a 3.5 percent gain, according to economists. Imports rose 4.7 percent in July from a year earlier.
Industrial production in the world’s second-largest economy increased the least in three years last month, according to a report from the National Bureau of Statistics yesterday. Production increased 8.9 percent, compared with 9.2 percent in July. Greece’s Prime Minister, Antonis Samaras, meets with officials from the European Commission, the ECB and the International Monetary Fund today. He failed to obtain an agreement from his coalition partners on the spending cuts required to obtain further aid from the country’s bailout.
National benchmark indexes fell in 13 of the 18 western- European markets. The U.K.’s FTSE 100 and Germany’s DAX slipped less than 0.1 percent. France’s CAC 40 lost 0.4 percent.
A gauge of food and beverage stocks lost 1.2 percent for the biggest slide of the 19 industry groups on the Stoxx 600. Unilever slid 1.7 percent to 27.41 euros, while AB InBev sank 2.8 percent to 66.18 euros. Nestle SA, the world’s largest food company, declined 0.7 percent to 58.85 Swiss francs.
A gauge of mining shares posted the biggest gain on the Stoxx 600 as copper prices rose. Rio Tinto Group climbed 1.6 percent to 3,069 pence and Anglo American Plc added 1.5 percent to 2,001.5 pence.
Royal Philips Electronics NV, a maker of light bulbs, consumer electronics and health-care products, dropped 2.4 percent to 19.03 euros after Goldman Sachs Group Inc. cut its recommendation on the shares to neutral from buy. Credit Suisse Group AG also lowered its rating on Philips to neutral.
U.S. stock futures declined as Greece struggled to qualify for aid payments, undermining confidence Europe’s debt crisis is being contained.
Global Stocks:
Nikkei 8,869.37 -2.28 -0.03%
Hang Seng 19,827.17 +25.01 +0.13%
Shanghai Composite 2,134.89 +7.13 +0.34%
FTSE 5,797.06 +2.26 +0.04%
CAC 3,504.93 -14.12 -0.40%
DAX 7,212.96 -1.54 -0.02%
Crude oil $96.32 -0,10%
Gold $1732.60 -0.45%
Kraft Foods upgraded to Outperform from Sector Perform at RBC Capital
Hewlett-Packard initiated with Neutral at Monness Crespi Hardt
Began trading in different directions major European indexes amid weak sabyh statistics from Japan and China.
At the moment, Greece has not been able to agree on getting the next tranche of Finnish aid. Country has provided the Commission plans to reduce spending and the budget deficit by billions of euros, but the inspectors refused to take part of the plan, writes The Wall Street Journal.
Estimates of total sum of the programs vary in different editions from 11.5 billion to 13.5 billion euros. Implementation period - the next two years.
FTSE 100 5,794.67 -0.13 0.00%
CAC 40 3,521.02 +1.97 +0.06%
DAX 7,224.78 +10.28 +0.14%
Shares of Unilever NV and Anheuser-Busch InBev NV lost 1% Paper Glencore International Plc fell 0.8%. Quotes Xstrata Plc rose 3%. Deutsche Lufthansa AG gained 1.7% after it reached an agreement with the union.
Asian stocks swung between gains and losses as reports from the U.S., China and Japan that showed slowing growth in the world’s biggest economies stoked speculation central banks will add to stimulus measures.
Nikkei 225 8,869.37 -2.28 -0.03%
S&P/ASX 200 4,333.8 +7.96 +0.18%
Shanghai Composite 2,128.31 +0.55 +0.03%
Rio Tinto Group, the world’s third-biggest mining company, rose 4.1 percent in Sydney as copper rose for a second day.
Zoomlion Heavy Industry Science & Technology Co., China’s No. 2 maker of construction equipment, jumped 6.4 percent in Hong Kong after Chinese President Hu Jintao urged Asian governments to speed up infrastructure development.
Tokyo Electron Ltd., a maker chip production equipment, fell 3.5 percent in Tokyo after customer Intel Corp. cut its sales forecast.
Asian stocks rose, with the regional benchmark index headed for its biggest gain since December as Europe’s plan to reduce borrowing costs, better-than-estimated U.S. jobs data and Chinese stimulus measures boosted the earnings outlook for Asian exporters.
Nikkei 225 8,871.65 +191.08 +2.20%
S&P/ASX 200 4,325.8 +12.91 +0.30%
Shanghai Composite 2,127.76 +75.84 +3.70%
Hutchison Whampoa Ltd., a retailer and port operator that gets 55 percent of its sales in Europe, rose 3.1 percent in Hong Kong.
China Resources Cement Holdings Ltd. jumped 12 percent in Hong Kong after the mainland government approved road projects.
Toyota Motor Corp., a carmaker that depends on North America for 25 percent of its sales, added 3.4 percent.
European stocks climbed, completing their biggest weekly rally in three months, on speculation that the Federal Reserve will opt for further stimulus after a report showed U.S. employers hired fewer workers than estimated.
The release also showed that the nation’s unemployment rate unexpectedly slipped to 8.1 percent. Economists had predicted a jobless rate of 8.3 percent, according to the median projection in a survey. Unemployment has stayed above 8 percent for the last 43 months.
National benchmark indexes climbed in every western- European (SXXP) market except Denmark today. The U.K.’s FTSE 100 added 0.3 percent, while Germany’s DAX advanced 0.7 percent. France’s CAC 40 rose 0.3 percent.
A gauge of banking shares advanced 2.1 percent to its highest level in five months. Deutsche Bank and Barclays surged 5.3 percent to 31.36 euros and 6.9 percent to 206.4 pence, respectively.
Santander SA, Spain’s biggest lender, climbed 1.7 percent to 6.08 euros, while BNP Paribas SA, France’s largest bank, added 1.7 percent to 37.78 euros. Credit Agricole SA and Societe Generale SA jumped 6.5 percent to 5.34 euros and 6.8 percent to 24.49 euros, respectively.
Xstrata gained 3.6 percent to 1,014 pence, while Glencore slumped 3.6 percent to 378.1 pence. The commodities trader, which owns 34 percent of Xstrata, offered 3.05 of its shares for every one that its target’s investors hold, according to a statement from Zug, Switzerland-based Xstrata.
U.S. stocks had no definite trend trading, consolidating after rising Thursday.
Support indices have expectations of market participants to the fact that the announcement yesterday by President ECB plan purchases of government bonds of European countries with debt problems, allow time for structural reforms to overcome the debt crisis. The advertised plan reduced the fears of worsening debt crisis in the region.
Constrain the growth index data on the U.S. labor market, which can be described as disappointing. Statistics recorded a decline in the unemployment rate to the level of 8.1% in August, compared with an expected value, and in July at 8.3%, but the number of new jobs in non-agricultural sectors of the U.S. economy was below the forecast (96 th vs. 121 thousand), and the average workweek fell to 34.4 hours. Average hourly earnings for August results did not change.
Despite the weaker data on the report payrolls, the market participants are not certain that before the U.S. presidential elections, the Fed will report on new measures to improve the employment situation.
In the composition of the index DOW company split between positive and otritsatenuyu territory. More than others in the share price rose Bank of America (BAC, +5.39%). More than others in the share price fell Kraft Foods (KFT, -5.48%).
Showed a mixed trend and key sectors. Sector has grown more than other basic materials (+2.1%). Below is the rest of the sector utilities (-0.4%).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
