Analytics, News, and Forecasts for CFD Markets: stock news — 12-11-2014.

Stock indices closed lower as bank shares declined. Global regulators fined UBS AG, HSBC Holdings Plc, Royal Bank of Scotland, JPMorgan and Citigroup Inc. $3.4 billion for foreign-exchange manipulation.

Industrial production in the Eurozone rose 0.6% in September, in line with expectations, after a 1.4% drop in August. August's figure was revised up from a 1.8 fall.

On a yearly basis, Eurozone's industrial production increased 0.6% in September, beating expectations for a 0.4% decline, after 0.5% fall in August. August's figure was revised up from a 1.9 drop.

The Bank of England (BoE) lowered its economic growth and inflation forecasts.

The BoE cut its forecasts for economic growth in 2015 to 2.9% from a previous 3.1% gain.

The BoE Governor Mark Carney warned that inflation could fall below 1% in the next six months due to lower commodity prices and a slowdown of global growth. The central bank expects inflation to achieve its 2% target in three years.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,611.04 -16.36 -0.25 %

DAX 9,210.96 -158.07 -1.69 %

CAC 40 4,179.88 -64.22 -1.51 %

U.S. stock-index futures declined as investors consider valuations that are the highest since 2009.

Global markets:

Nikkei 17,197.05 +72.94 +0.43%

Hang Seng 23,938.18 +129.90 +0.55%

Shanghai Composite 2,494.28 +24.60 +1.00%

FTSE 6,601.5 -25.90 -0.39%

CAC 4,185.3 -58.80 -1.39%

DAX 9,220.17 -148.86 -1.59%

Crude oil $77.18 (-1.00%)

Gold $1166.90 (+0.34%)

(company / ticker / price / change, % / volume)

Upgrades:

Downgrades:

JPMorgan Chase (JPM) downgraded to Mkt Perform from Outperform at Bernstein

Other:

Visa (V) initiated at Hold at Topeka Capital Markets, target $261

Home Depot (HD) target raised to $113 from $102 at Jefferies

BoE's governor Mark Carney today announced inflation will probably fall below 1% in the next 6 months and is likely to stay under 2% in the next two years. Amid a weaker global outlook the BoE expects economic growth at a 3.5% rate this year followed by 2.9% in 2016.

The U.K. unemployment rate was unchanged at 6.0% in the 3^rd quarter. Average weekly earnings rose by 1.3%.

European stock indices are trading lower today despite a strong Japanese market and Eurozone's industrial production within estimates. Bank stocks were under pressure after regulators imposing a total of USD3.4 billion settlement over allegations of price-fixing in the currency markets. UK's unemployment rate was slightly higher at 6.0% and wages growing faster at 1% than the 0.8% predicted by economists. UK's FTSE 100 index is down -0.39% trading at 6,601.672 points. Germany's DAX 30 lost -1.22% trading at 9,254.50 points and France's CAC 40 is down -38.70 points, a loss of -0.91% currently trading at 4,205.40 points.

European stock indices are trading lower at the start despite new highs in Asia and the U.S.

FTSE 100 index is down -0.42% trading at 6599.69 points, Germany's DAX 30 lost 1.13% currently trading at 9,263.01 points and France's CAC 40 dipped -0.73% trading at 4,213.22 points.

Investors are awaiting data on Industrial production in the Eurozone published at 10:00 GMT.

The DOW Jones and S&P 500 rose to a fifth consecutive record closing in yesterday's trading session. The DOW Jones closed with a very small plus of 0.01% at 17,614.90, the S&P500 gained +0.07% closing at 2,039.68 points barely adding to the rally. Volume was light due to U.S. Veterans Day holiday.

Hong Kong's Hang Seng was up 0.44% closing at 23,913.24, China's Shanghai Composite gained -1.00% closing at 2,494.28 after a decline in early trading.

Japan's Nikkei closed with a gain of 0.43% at 17,197.05 clsing at new 7-year highs fuelled by expectations that Japan's Prime Minister Shinzo Abe will postpone the scheduled sales tax hike.

(index / closing price / change items /% change)

Nikkei 225 17,124.11 +343.58 +2.05%

Hang Seng 23,808.28 +63.58 +0.27%

Shanghai Composite 2,469.67 -4.00 -0.16%

FTSE 100 6,627.4 +16.15 +0.24%

CAC 40 4,244.1 +21.28 +0.50%

Xetra DAX 9,369.03 +17.16 +0.18%

S&P 500 2,039.68 +1.42 +0.07%

NASDAQ Composite 4,660.56 +8.94 +0.19%

Dow Jones 17,614.9 +1.16 +0.01%