Analytics, News, and Forecasts for CFD Markets: stock news — 12-07-2012.

European stocks declined the most in more than two weeks as minutes released by the Federal Reserve disappointed investors seeking a more definitive signal for further quantitative-easing measures.

Temenos Group AG plunged 28 % to a three-year low after reducing its estimate for 2012 revenue growth and saying its chief executive officer quit. Ashmore Group Plc (ASHM) dropped 6.7 % after the fund manager reported a drop in assets. Aegis Group Plc surged 45 %, the most in 21 years, after Japan’s Dentsu Inc. agreed to buy the company.

The Stoxx Europe 600 Index (SXXP) fell 1.1 % to 252.89 at the close in London, the biggest retreat since June 25. The benchmark measure has retreated 0.6 % this week, after a five-week rally, as concern mounted the slowing economic growth will curb earnings in the U.S. and Europe.

National benchmark indexes fell in 16 of the 18 western European markets.

FTSE 100 5,608.25 -56.23 -0.99% CAC 40 3,135.18 -22.07 -0.70% DAX 6,419.35 -34.50 -0.53%

Temenos (TEMN) declined 28 % to 10.25 Swiss francs, the lowest price and the biggest decrease since the first quarter of 2009, after reducing its forecast for 2012 revenue growth to a range of minus 5 % to plus 1 %, compared with an earlier forecast of minus 5 % to plus 6 %. The company also said CEO Guy Dubois will step down for personal reasons and be replaced by David Arnott, who’s currently the chief financial officer.

Cap Gemini SA (CAP), France’s biggest computer-services company, declined 2.9 % to 26.23 euros.

Infosys Ltd. (INFY), India’s second-biggest software exporter, cut its sales forecast and reported fiscal first-quarter profit that missed estimates.

Ashmore tumbled 6.7 % to 307.8 pence, the lowest since October. The U.K. fund manager said assets under management fell 3.3 % to $63.7 billion in the fourth quarter.

A gauge of mining companies fell 2.8 % for the worst performance among the 19 industry groups on the

BHP Billiton, the world’s largest mining company, lost 3.3 % to 1,751 pence. The stock was cut to neutral from outperform at Credit Suisse Group AG.

Aegis Group surged 45 % to 235.3 pence, the biggest jump since at least January 1991. Dentsu, a Japanese advertising company agreed to buy Aegis in a deal valued at about 3.16 billion pounds ($4.9 billion).

SAP AG (SAP) advanced 2.7 % to 47.50 euros, erasing earlier losses, after the biggest maker of business-management software reported second-quarter software license sales that topped analysts’ estimates.

Resistance of 3:1356 (Jul 10 high)
Resistance of 2:1342 (Jul 11 high)
Resistance of 1:1335 (support line from Jun 4 broken earlier)
Current Price: 1321.75
Support 1:1320 (50,0% FIBO 1265-1375)
Support 2:1307 / 02 (MA (200) for D1, Jun 25-26 lows, 61,8% FIBO 1265-1375)
Support 3:1296 (Jun 12 low) 

U.S. stock futures dropped amid concern the global economy is weakening.

Global Stocks:

Nikkei  8,720.01 -130.99 -1.48%
Hang Seng 19,025.11 -394.76 -2.03%
Shanghai Composite 2,185.49 +10.11 +0.46%
FTSE  5,608.96 -55.52 -0.98%
CAC  3,141.73 -15.52 -0.49%
DAX 6,413.18 -40.67 -0.63%
Crude oil $84.94 (-1,01%)
Gold $1557.70 (-1.04%)

European stocks declined after the Federal Reserve failed to signal more quantitative-easing measures to spur growth in the world’s largest economy. U.S. index futures and Asian shares also dropped.

The Federal Open Market Committee’s June 19-20 meeting debated the need for further stimulus measures, minutes released yesterday in Washington showed. Two participants supported additional bond purchases, while two others said only a further deterioration in the economy would warrant them.

Temenos Group AG plunged 21 percent to a three-year low after reducing its estimate for 2012 revenue-growth range and saying its chief executive officer quit.

PSA Peugeot Citroen gained 3.4 percent after saying it will cut 3,600 more jobs.

Aegis Group Plc surged 45 percent, the most in 21 years, after Japan’s Dentsu Inc. agreed to buy the company.

FTSE 100 5,627.03 -37.45 -0.66%                

CAC 40 3,145.38    -11.87 -0.38%                

DAX 6,403.35         -50.50 -0.78%            

Asian stocks fell for a sixth day as concern over a global slump overshadowed moves by central banks in Japan and South Korea to buoy economic growth. Hong Kong stocks slid ahead of a report from China expected to show the slowest expansion since the financial crisis.

Nikkei 225 8,720.01 -130.99 -1.48%

S&P/ASX 200 4,067.97 -28.57 -0.70%

Shanghai Composite 2,185.49 +10.11 +0.46%

Asahi Glass Co. led Japanese makers of the material lower after cutting its operating profit forecast by almost a third.

Hyundai Motor Co. fell 3.1 percent as its workers threatened to strike.

Infosys Ltd., India’s second-biggest exporter of software, slid 8.9 percent after cutting a sales forecast.

China Construction Bank Corp. paced declines among mainland lenders.

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.

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.

U.S. stock indexes rose significantly after the publication of the protocol of the last meeting of the Committee on the Federal Open Market, but still closed in the red on the session. Also on the dynamics of trade affected by the data on the trade balance, which is markedly decreased. As shown by the protocols, the heads of the Fed still disagree over how to run a regular program to stimulate the economy. A small number of allusions to the easing of monetary policy pushed the U.S. dollar to rise, and stock indices - to decrease. These reports indicated the absence of a hurry for a new round of quantitative easing. DJIA fell, oil prices fell, and the majority of high-yielding currencies weakened against the U.S. dollar, which is considered safe-haven currency. Minutes of the Fed left the possibility for a third round of quantitative easing, but he seems not to be launched soon. Some leaders of the U.S. Federal Reserve in June decided that the central bank may need to take further measures to support labor market. Meanwhile, other leaders of the Federal Reserve decided that such measures would be justified only if the economic recovery is losing momentum, or if inflation weakens.
As part of the index DOW 10 components are in positive territory. The maximum loss demonstrate the action Boeing Co. (BA, -2.36%), United Technologies Corp. (UTX, -2.23%), Microsoft Corporation (MSFT, -1.33%). Most of all shares rose Hewlett-Packard Company (HPQ, +3.32%), Bank of America Corporation (BAC, +1.87%).
Branches in the context of the S & P 500 sector shows mixed trends. Maximum growth of the sector shows the basic materials (+0.9%). The maximum loss demonstrates the sector conglomerates (-0.8%).
At the time of closure:
Dow 12,604.45 -48.67 -0.38%
Nasdaq 2,887.98 -14.35 -0.49%
S & P 500 1,341.44 -0.03 -0.00%

Change % Change Last

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%

FTSE 100 5,664.48 +0.41 +0.01%

CAC 40 3,157.25 -18.16 -0.57%

Xetra DAX 6,453.85 +15.52 +0.24%

Dow 12,604.45 -48.67 -0.38%

Nasdaq 2,887.98 -14.35 -0.49%

S&P 500 1,341.44 -0.03 -0.00%