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Analytics, News, and Forecasts for CFD Markets: stock news — 11-12-2012.
European stocks closed little changed at an eight-month high amid speculation that the Federal Reserve will expand its asset purchases to provide economic stimulus and a report that showed German investor confidence increased in December.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to 6.9 this month from minus 15.7 in November. Economists had forecast a gain to minus 11.5, according to the median of 38 estimates in a Bloomberg News survey.
In the U.S., Fed rate setters begin a two-day meeting today. The officials will consider whether to supplement $40 billion a month of mortgage-bond purchases with Treasury purchases when their Operation Twist program expires at the end of this month. They will also issue updated projections on economic growth, unemployment and inflation on Dec. 12.
FTSE 100 5,924.97 +3.34 +0.06%, CAC 40 3,646.15 +34.05 +0.94%, DAX 7,589.75 +58.83 +0.78%
ThyssenKrupp rallied 5.6 percent to 17.18 euros. Germany’s largest steelmaker said it will sell its Steel Americas business by the end of next year. Chief Financial Officer Guido Kerkhoff said that more than five bidders have expressed an interest in either or both of the plants in Alabama and Rio de Janeiro state. The shares earlier dropped as much as 3.4 percent after the company said that it won’t pay an annual dividend after reporting a second straight yearly loss, including a 3.6 billion-euro ($4.7 billion) writedown for the Steel Americas unit.
Diageo dropped 1.6 percent to 1,855.5 pence after saying it ended talks with JB y Cia. SA de C.V. and Lanceros S.A. de C.V. over its plan to buy Jose Cuervo. The London-based distiller will also end an agreement to distribute the tequila brand outside Mexico when it expires at the end of June next year.
Shares of the Belgian financial group KBC fell in price by 4.8%. KBC raised EUR 1.25 billion from the offering, selling 58.8 million securities at 21.25 euros per share, which represents a 9.5 percent discount to their value at the close of the market on Monday.
U.S. stock futures rose after German investor confidence climbed and traders awaited progress on federal budget talks in Washington.
Global Stocks:
Nikkei 9,525.32 -8.43 -0.09%
Hang Seng 22,323.94 +47.22 +0.21%
Shanghai Composite 2,074.7 -9.07 -0.44%
FTSE 5,925.24 +3.61 +0.06%
CAC 3,640.2 +28.10 +0.78%
DAX 7,572.39 +41.47 +0.55%
Crude oil $85.84 +0.33%
Gold $1714.70 +0.02%
Growth began trading the main stock indexes in Europe. Today's data on the index of business sentiment in the medium from the ZEW Institute in Germany and the euro area have exceeded analysts' estimates. Instead, what would show a negative value, the index rose. Indicator for the euro area in December was at 6.9 at the forecast 0.1 to Germany in December as the forecast 6.9 -11.4.
Markets are hoping to address the "fiscal cliff" in the U.S. starting today from a two-day U.S. Federal Reserve meeting.
FTSE 100 5,931.92 +10.29 +0.17%
DAX 7,570.70 +39.78 +0.53%
CAC 3,632.55 +20.45 +0.57%
Value of the UK alcoholic beverage producer Diageo Plc dropped during trading at 1.5%. The Company has completed negotiations to buy Cuervo tequila brand and intends to terminate the distribution agreement, under which Diageo sells Cuervo tequila outside of Mexico.
ThyssenKrupp Shares fell 2.4%. Germany's largest steelmaker increased the net loss for the fiscal year ended September 30, up to 4.7 billion euros from 1.29 billion euros a year earlier, and said it would not pay the annual dividend.
Shares of the Belgian financial group KBC fell in price by 6.9%. KBC raised EUR 1.25 billion from the offering, selling 58.8 million securities at 21.25 euros per share, which represents a 9.5 percent discount to their value at the close of the market on Monday.
Asian stocks rose, with a regional index excluding Japan heading for its highest close in 16 months, ahead of a Federal Reserve policy meeting and as investors await progress on U.S. budget talks.
Nikkei 225 9,525.32 -8.43 -0.09%
Hang Seng 22,323.94 +47.22 +0.21%
S&P/ASX 200 4,576 +18.06 +0.40%
Shanghai Composite 2,074.7 -9.07 -0.44%
BHP Billiton Ltd., the world’s biggest mining company, added 1.3 percent in Sydney after metal prices rose.
STX Offshore & Shipbuilding Co. jumped 7.2 percent in Seoul after a report the shipbuilder’s parent was to selling a unit that makes offshore vessels.
Kansai Electric Power Co. led Japanese utilities lower after regulators said an active earthquake fault may be running under a nuclear reactor.
Asian stocks gained, with a regional gauge excluding Japan heading for its highest close in more than a year after U.S. jobs data topped estimates and China’s factory output and retail sales signaled a quickening economic recovery.
Nikkei 225 9,533.75 +6.36 +0.07%
S&P/ASX 200 4,557.95 +6.19 +0.14%
Shanghai Composite 2,083.77 +21.98 +1.07%
Yue Yuen Industrial Holdings Ltd., a maker of shoes for Nike Inc., gained 1.9 percent in Hong Kong.
Rio Tinto Group, the world’s second-largest mining company, rose 1.9 percent in Sydney after Chinese industrial production beat estimates.
Advantest Corp., the largest producer of semiconductor-testing devices, jumped 5.1 percent in Tokyo after saying orders will rise.
Hino Motors Ltd. slid 1.3 percent after recalling trucks in the U.S. due to a battery flaw.
European stocks closed little changed at an 18-month high as China’s industrial output and retail sales exceeded forecasts, offsetting concern a leadership change in Italy will disrupt efforts to reduce debt.
In China, industrial output and retail sales exceeded forecasts last month in signs the economic recovery is accelerating. Factory production climbed 10.1 percent in November from a year earlier, the National Bureau of Statistics said yesterday, compared with the 9.8 percent median estimate of analysts. Retail sales growth accelerated to 14.9 percent.
National benchmark indexes gained in 10 of the 18 western European markets. Germany’s DAX and France’s CAC 40 added 0.2 percent, while the U.K.’s FTSE 100 rose 0.1 percent.
The FTSE MIB slid 2.2 percent as Monti said he will quit after losing support in Parliament. Silvio Berlusconi, his predecessor, announced a return to politics and criticized Monti for running a “German-centric” program. Monti will try to corral his coalition for a vote to pass the budget before handing in his resignation, President Giorgio Napolitano’s office said on Dec. 8.
UniCredit declined 5.2 percent to 3.46 euros, the biggest drop in four months, as a gauge of banks in the Stoxx 600 slid 0.9 percent.
Fiat SpA, Italy’s largest carmaker lost 3.5 percent to 3.49 euros, snapping four days of gains. Finmeccanica SpA, the Italian defense contractor, retreated 2.2 percent to 4 euros.
STMicroelectronics gained 4.2 percent to 5.21 euros in Milan. The European chipmaker struggling with weakening demand and competition from Asia will sell its stake in the ST-Ericsson joint venture by the third quarter of next year as part of a new strategy to make the company more profitable.
Oriflame Cosmetics SA, which sells beauty products through 3 million consultants worldwide, rose 4.2 percent to 196.50 kronor as Danske Bank A/S said it may report profit that will beat analyst estimates.
After the start of trading multidirectional major U.S. stock indices trading results showed moderate growth.
The current dynamics of the indices for the most part the result of a significant increase in the shares of some companies than to the fundamental message that today was diversified.
External background for the U.S. session unfavorable - in Italy escalation in political circles has led to the fact that Prime Minister Mario Monti announced his intention to resign, and Silvio Berlusconi expressed his willingness to regain the premiership and to reverse the budgetary reform that promoted Monti. Rejection of reform can complicate the already difficult situation in Italy and the euro zone as a whole.
Today stronger equities technology sector by increasing shares Hewlett-Packard Co (HPQ, +2.10%) and Cisco Systems (CSCO, +2.77%).
Had supported the early rumors about plans billionaire investor Carl Ikana to increase its share in the company.
In turn, shares of CSCO continue their growth through Friday announced in mid-term growth strategy.
In addition to these two companies' technology sector shares worth noting strengthen McDonald's (MCD, +1.06%), which increased due to strong sales data for November.
Against the background of the upcoming meeting of the Federal Open Market, which will take place later this week, and the uncertainties associated with the problem of "fiscal cliff," most investors continue to refrain from taking action on the market.
DOW index components were mixed. Maximum losses in shares of Home Depot (HD, -2.14%). Lead stocks Cisco Systems (CSCO, +2.77%).
Most sectors of the S & P index rose. Health sector and basic materials lead (+0.5%). Service and financial sector (-0.1%) were down more than others.
At the close:
Dow 13,169.88 +14.75 +0.11%
Nasdaq 2,986.96 +8.92 +0.30%
S & P 500 1,418.55 +0.48 +0.03%
Change % Change Last
Nikkei 225 9,533.75 +6.36 +0.07%
S&P/ASX 200 4,557.95 +6.19 +0.14%
Shanghai Composite 2,083.77 +21.98 +1.07%
FTSE 100 5,921.63 +7.23 +0.12%
CAC 40 3,612.1 +6.49 +0.18%
DAX 7,530.92 +13.12 +0.17%
Dow 13,169.88 +14.75 +0.11%
Nasdaq 2,986.96 +8.92 +0.30%
S&P 500 1,418.55 +0.48 +0.03%
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