Analytics, News, and Forecasts for CFD Markets: stock news — 11-07-2012.

Most European stocks fell before the release of minutes from the latest Federal Reserve meeting, as investors waited for clues about further measures to spur economic growth.

Burberry Group Plc (BRBY) tumbled to its lowest this year after quarterly sales growth missed projections. UniCredit SpA and BNP Paribas SA led bank shares higher. Getinge AB (GETIB) rose 3.9 percent after saying it expects “significant improvement” in second- half earnings growth.

The Stoxx Europe 600 Index dropped less than 0.1 percent to 255.59 at the close of trading. Two out of three shares on the gauge slid. The benchmark measure yesterday rose for the first time in a week as manufacturing in the U.K. and Italy unexpectedly rose.

National benchmark indexes fell in 11 of the 18 western European markets.

FTSE 100 5,664.48 +0.41 +0.01% CAC 40 3,157.25 -18.16 -0.57% DAX 6,453.85 +15.52 +0.24%

Tod’s SpA (TOD), the Italian maker of pink alligator loafers, lost 4.8 percent to 72.15 euros. LVMH Moet Hennessy Louis Vuitton SA (MC), the world’s biggest luxury-goods company, fell 3.2 percent to 116.65 euros. PPR (PP) SA, the French owner of Gucci, retreated 3.5 percent to 109.50 euros.

Britvic, the maker of Robinsons fruit drinks, plunged 13 percent to 260.1 pence, the biggest drop since March 2006, after saying full-year results will be “at the bottom end” of analysts’ estimates and a recall of its Fruit Shoot products will hurt earnings further.

SBM Offshore NV (SBMO) slid 6.6 percent to 10.47 euros. SBM’s jack-up rig in the Yme oilfield in the North Sea was evacuated after cracks were found in cement supporting the legs, Upstream reported late yesterday.

Mediaset SpA (MS) retreated 3.3 percent to 1.31 euros.

UniCredit climbed 2.3 percent to 2.79 euros. BNP Paribas advanced 1.5 percent to 29.94 euros.

Getinge, a Swedish sterilization-systems maker, rose 3.9 percent to 179.90 kronor. The company said the earnings outlook for 2012 remained favorable as there will be a significant improvement in profit growth in the second quarter.

Resistance of 3:1374 (Jul 5 high)
Resistance of 2:1356 (Jul 10 high)
Resistance of 1:1342 (session high)
Current Price: 1338.75
Support 1:1330 (MA (50) for D1, Jul 10 low, support line from Jun 4)
Support 2:1320 (50,0% FIBO 1265-1375)
Support 3:1307 / 02 (MA (200) for D1,  Jun 25-26 lows, 61,8% FIBO 1265-1375) 

U.S. stock futures are mixed as investors awaited minutes of last month’s Federal Reserve meeting for signs of further stimulus measures.

Global Stocks:

Nikkei 8,851 -6.73 -0.08%
Hang Seng 19,419.87 +23.51 +0.12%
Shanghai Composite 2,175.38 +10.95 +0.51%
FTSE 5,645.21 -18.86 -0.33%
CAC 3,152.77 -22.64 -0.71%
DAX 6,434.4 -3.93 -0.06%
Crude oil: $85.15 (+1,48%)
Gold $1573.40 (0.51%)

Alcoa downgraded to Underperform from Market Perform at BMO Capital
DuPont downgraded to Neutral from Outperform at Macquarie
IBM initiated with a Neutral at UBS

Most European stocks dropped amid concern that slowing global growth is pulling down company earnings.

Investors also await the decision of the court on the revitalization of the German relief fund for the euro area. Some players had hoped that the German Constitutional Court to quickly sort out, whether the German law, the mechanism of the European Stability and planned changes in the euro zone budget rules. However, according to Finance Minister Wolfgang Schaeuble, the court decision is not expected until the autumn, and the mechanism of the European stability can not be started without the consent of Germany.

Yield of 10-year Spanish bonds is close to the critical level of 7 percent, and Italian - to 6 percent.

The Prime Minister of Italy, Mario Monti, from which the markets demand to save the economy, said that Italy might be interested in receiving assistance from the European Fund.

Little support for the German market had evidence that inflation in the country remained at 18-month low. So, in June, the annual CPI index growth in Germany remained unchanged 1.7%, which is the minimum value since December 2010, as shown by the Federal Office of Statistics, released today. The result of the indicator is more influenced by lower prices for electricity.

FTSE 100 5,642.73 -21.34 -0.38%        

CAC 40 3,159.16    -16.25 -0.51%        

DAX 6,444.65         +6.32 +0.10%

Burberry Group, the U.K.’s largest luxury-goods maker, declined 5.4 percent to 1,215 pence, its lowest since Jan. 6. The company reported a slowdown in first-quarter sales growth that trailed analysts’ estimates as revenue from its licensing business fell, signaling a possible slowdown for the luxury- goods industry.

Asian stocks swung between gains and losses amid concern a global slowdown will hit earnings at companies from Advantest Corp. to BHP Billiton Ltd., while Premier Wen Jiabao’s call for more investment lifted Chinese railway shares.

Nikkei 225 8,851 -6.73 -0.08%

S&P/ASX 200 4,096.54 -1.48 -0.04%

Shanghai Composite 2,175.38 +10.95 +0.51%

BHP Billiton, the world’s biggest mining company, slipped 0.5 percent in Sydney after Citigroup Inc. said slowing growth in China will hurt demand for iron ore.

Advantest, a maker of memory-chip testers, slumped 3.3 percent in Tokyo after a leading U.S. manufacturer of semiconductor equipment cut its sales forecast.

China Railway Group Ltd. paced gains among shares in the sector.

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.

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.

Change % Change Last

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%

FTSE 100 5,664.07 +36.74 +0.65%

CAC 40 3,175.41 +18.61 +0.59%

Xetra DAX 6,438.33 +50.76 +0.79%

Dow 12,653.12 -83.17 -0.65%

Nasdaq 2,902.33 -29.44 -1.00%

S&P 500 1,341.47 -10.99 -0.81%