Analytics, News, and Forecasts for CFD Markets: stock news — 12-02-2013.

European stocks advanced, rebounding from their slide yesterday, as cost cuts at Barclays Plc outweighed worse-than-expected earnings at Michelin & Cie.

The Stoxx Europe 600 Index added 0.5 percent to 287.07 at the close of trading in London, after yesterday sliding 0.6 percent.

National benchmark index rose in all 18 western-European markets.

FTSE 100 6,338.38 +61.32 +0.98% CAC 40 3,686.58 +36.00 +0.99% DAX 7,660.19 +26.45 +0.35%

Barclays rallied 8.6 percent to 327.4 pence after saying it will cut 1,800 jobs at its investment bank and 1,900 positions at its European consumer- and business-banking unit. The second- largest U.K. lender by assets said it will reduce annual costs by 1.7 billion pounds ($2.7 billion). Barclays posted a loss of 1.04 billion pounds in 2012, its first full-year loss in 20 years.

Michelin dropped 4.3 percent to 69.55 euros after Europe’s largest tiremaker reported operating profit of 2.42 billion euros ($3.26 billion). The average analyst estimate had called for earnings of 2.52 billion euros. Michelin posted profit of 1.95 billion euros a year earlier.

Finmeccanica tumbled 7.3 percent to 4.41 euros after police arrested Chief Executive Officer Giuseppe Orsi and Bruno Spagnolini, the head of the Italian defense contractor’s U.S. helicopter unit.

L’Oreal SA jumped 3.8 percent to 112.05 euros after reporting that earnings increased 12 percent in 2012. The world’s largest cosmetics maker said it will buy back 500 million euros of shares in the first half of this year.

Telenet Group Holding NV soared 4.8 percent to 37.65 euros. The Belgian cable operator controlled by Liberty Global Inc. will return 950 million euros to investors after the other shareholders blocked a plan by John Malone’s company to win full control of the unit.

France Telecom SA slipped 0.7 percent to 7.83 euros, its lowest price since October 2002, after its Polish unit, Telekomunikacja Polska SA, cut its proposed dividend for the second time in four months. Poland’s largest phone company also reported that profit slumped 86 percent in the fourth quarter.

European stocks were little changed, following yesterday’s slide for the Stoxx Europe 600 Index, as worse-than-expected earnings at Michelin & Cie. offset cost cuts at Barclays Plc. U.S. stock-index futures and Asian shares were also little changed.

In the U.S., President Barack Obama delivers his State of the Union address from 9 p.m. in Washington. He will make proposals for spending on infrastructure, clean energy and education, according to an administration official briefed on the speech. Obama will argue that fostering economic growth remains the best strategy to narrow a federal budget deficit that has exceeded $1 trillion in each of the last four years.

Michelin dropped 3.7 percent to 70 euros after Europe’s largest tiremaker reported operating profit of 2.42 billion euros ($3.24 billion). The average analyst estimate had called for earnings of 2.52 billion euros. Michelin posted profit of 1.95 billion euros a year earlier. Pirelli & Cie., the region’s third-biggest tiremaker, slid 2.2 percent to 8.73 euros.

Finmeccanica tumbled 8.3 percent to 4.37 euros after police arrested Chief Executive Officer Giuseppe Orsi and Bruno Spagnolini, the head of the Italian defense contractor’s U.S. helicopter unit. The authorities searched Orsi’s home and the Milan offices of Italy’s biggest defense company, two people familiar with the investigation said. The police are investigating the sale of 12 helicopters to India.

Barclays climbed 4 percent to 313.6 pence after saying it will cut 1,800 jobs at its investment bank and 1,900 positions at its European consumer- and business-banking unit. The second- largest U.K. lender by assets said it will reduce annual costs by 1.7 billion pounds. Barclays posted a loss of 1.04 billion pounds in 2012, its first full-year loss in 20 years.

FTSE 100 6,296.34 +19.28 +0.31%

CAC 40 3,663.83 +13.25 +0.36%

DAX 7,645.99 +12.25 +0.16%

Japanese shares led Asian stocks higher after a contender for Bank of Japan governor said extra monetary easing can be justified this year. South Korea’s Kospi Index reversed gains as North Korea conducted a nuclear test.

Nikkei 225 11,369.12 +215.96 +1.94%

Hang Seng Closed

S&P/ASX 200 4,958.99 -0.52 -0.01%

Shanghai Composite Closed

Canon Inc., Japan’s largest camera maker that gets 80 percent of sales abroad, gained 2.2 percent as the yen touched the lowest level since May 2010.

Dentsu Inc. soared 10 percent as nine-month operating profit climbed 24 percent.

Asian stocks turned in a mixed performance on Monday as investors awaited earnings for direction amid public holidays in several key financial markets. Many markets across the Asia-Pacific region, including those in China, Hong Kong, South Korea, Malaysia, Taiwan and the Philippines were closed for the Lunar New Year holidays. The Japanese market was shut for the National Foundation Day. South Korea, Japan and the Philippines will resume trading on Tuesday, while Singapore and Malaysia will return to action on Wednesday. Hong Kong will resume trading on Thursday, while China and Taiwan are off until next Monday.

Nikkei 225 Closed

Hang Seng Closed

S&P/ASX 200 4,959.5 -11.79 -0.24%

Shanghai Composite Closed

Global miner BHP Billiton slipped 0.6 percent and rival Rio Tinto edged down 0.2 percent as base metal prices eased.

Among the major banks, Westpac shed 0.4 percent and ANZ declined 1.2 percent, while NAB rose 0.2 percent and Commonwealth added half a percent.

Insurance Australia Group slipped 0.4 percent after the company said it has received more than 13,700 claims relating to the impact of ex-tropical cyclone Oswald to date.

European stocks fell, extending a two-week decline, as Novo Nordisk A/S sank the most in almost four years after failing to win U.S. approval for a new drug.

Novo Nordisk, the world’s largest insulin maker, tumbled 13 percent. Lundin Petroleum AB lost 10 percent after the company said resources at its Johan Sverdrup oil discovery in the North Sea may be toward the low end of forecasts. Royal Ahold NV rallied 3.9 percent after agreeing to sell its 60 percent stake in ICA, Sweden’s largest food retailer, for $3.1 billion.

The Stoxx Europe 600 Index fell 0.6 percent to 285.51 at 4:32 p.m. in London.

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

FTSE 100 6,277.06 +13.13 +0.21% CAC 40 3,650.58 +1.08 +0.03% DAX 7,633.74 -18.40 -0.24%

Novo Nordisk, which accounts for 0.9 percent of the Stoxx 600 by weighting, lost 139.50 kroner to 930.50 kroner, the biggest drop since April 2009. The U.S. Food and Drug Administration said its Tresiba diabetes medication can’t be approved without additional data on heart safety and the Danish drugmaker won’t be able to provide the information this year, according to a statement from Novo Nordisk.

Lundin Petroleum fell 16.60 kronor to 148.30 kronor in Stockholm after saying resources in its part of the Johan Sverdrup discovery will probably be within the lower half of the forecast for 800 million to 1.8 billion barrels of oil equivalent.

Fugro NV dropped 7.2 percent to 39.07 euros in Amsterdam after supervisory board Vice Chairman Frans Cremers quit the biggest deepwater-oilfield surveyor. The company said in a statement that changes in financial organisation of Fugro “were not adequately carried through.”

Wacker Chemie AG increased 9.4 percent to 60.78 euros after the polysilicon maker ramped up production at a plant in Burghausen, Germany, citing growing demand from its solar-power customers. The company had put about 700 employees at the plan on shorter hours in October.

Bilfinger SE gained 2.5 percent to 75.80 euros after Germany’s second-largest construction company forecast an increase in profit in 2013, driven by savings and demands for engineering work and services in the power industry. The company reported a 2 percent gain in sales last year to 8.64 billion euros.

U.S. stocks rose slightly, but still finished trading below zero

Indexes with the absence of any publication of macroeconomic data and corporate communications, which could set the direction of trading, moderately adjusted from the reached multi-year highs on Friday.

The focus of the market participants are meeting the eurozone finance ministers, who should discuss the aid program for Cyprus and Greece.

In the week about 50 companies whose shares are included in the index S & P 500, will publish its quarterly reports. To date, the financial statements submitted more than 330 companies whose shares are included in the index S & P 500 and it is worth noting that the financial results of most of them were better than expected.

Among the companies that will report this week will attract the attention of the market in the first quarter reports from Coca-Cola (KO), General Motors (GM) and PepsiCo (PEP).

Most of the components of the index DOW rising in price (16 of 30). Leader shares in Microsoft Corporation (MSFT, +1.27%). More than others in the share price fell Unitedhealth Group, Inc. (UNH, -1.02%).

Among the sectors of the S & P in the black is only the financial sector (+0.1%). Sector fell more than other basic materials (-0.5%).

At the close:

Dow -22.58 13,970.39 -0.16%

Nasdaq -1.86 3,192.01 -0.06%

Change % Change Last

Nikkei 225 Closed

Hang Seng Closed

S&P/ASX 200 4,959.5 -11.79 -0.24%

Shanghai Composite Closed

CAC 40 3,650.58 +1.08 +0.03%

DAX 7,633.74 -18.40 -0.24%

Dow -22.58 13,970.39 -0.16%

Nasdaq -1.86 3,192.01 -0.06%

S&P -0.96 1,516.97 -0.06%