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Analytics, News, and Forecasts for CFD Markets: stock news — 13-12-2012.
European stocks fell from an 18- month high as Federal Reserve Chairman Ben S. Bernanke said the central bank’s plan to buy $45 billion a month of Treasuries will fail to offset the effects of the fiscal cliff.
European Union finance ministers agreed to put the European Central Bank in charge of all large euro-area lenders. About 200 banks will qualify for oversight by the ECB rather than national regulators, Financial Services Commissioner Michel Barnier said in Brussels today.
At a separate meeting, euro-area ministers approved a 49.1 billion-euro ($64 billion) installment of aid to Greece. The payment forms part of the nation’s two bailouts from the EU and the International Monetary Fund. The leaders of the 27 member states began a two-day summit today.
National benchmark indexes retreated in 11 of the 18 western European markets. The U.K.’s FTSE 100 (UKX) slid 0.3 percent and Germany’s DAX declined 0.4 percent. France’s CAC 40 decreased 0.1 percent.
Deutsche Bank lost 2.7 percent to 33.35 euros after saying that increased restructuring costs will cause the bank to miss profit forecasts this quarter. The average of four analyst estimates compiled by Bloomberg had predicted net income of 509.8 million euros.
UBS AG dropped 1.1 percent to 15.08 Swiss francs after a person familiar with the matter said U.S. and U.K. regulators may fine Switzerland’s biggest bank more than $1 billion for trying to rig global interest rates. The final figure may still change, three people familiar with the investigations said.
Centamin tumbled 47 percent to 27.7 pence, its biggest drop since its initial public offering in 2001. The company said that Egyptian General Petroleum Corp. will not supply it with diesel for the Sukari gold mine until it pays a bill for $65 million. Centamin called the claim illegal.
Volvo declined 4.3 percent to 91.85 kronor after Renault sold its remaining stake in the Swedish truck maker for 12.8 billion kronor ($1.9 billion). The French carmaker disposed of a 6.5 percent holding, saying it would use the proceeds to reduce debt and invest in France, Russia and China. Renault’s shares climbed 1.5 percent to 40.22 euros.
In the red zone traded major stock indexes in Europe. The reason for this statement by Fed Chairman Ben Bernanke that the "fiscal cliff" is harmful to the U.S. economy, he said the lack of progress in the negotiations between the administration of President Barack Obama and Republicans in the House of Representatives has a negative impact on the level of confidence of consumers and entrepreneurs, which leads to reduce investment.
In addition to this according to the U.S. Department of Treasury's budget deficit in November was $ 172 billion that significantly worse than expected.
Failed to have a positive impact on investor sentiment fact of the ECB's supervisory powers over banks in the eurozone. The new rules should enter into force by the end of 2013., But the implementation of the program may be postponed to a later date.
FTSE 100 5,930.97 -14.88 -0.25%
CAC 40 3,638.03 -8.63 -0.24%
DAX 7,570.37 -44.42 -0.58%
Renault SA shares rose 2.5%. French carmaker sold all his property remained in the package of 6.5% of Volvo AB for $ 1.92 billion, the paper which have dropped in price by 3.1%.
Centamin plc capitalization has fallen by 57.1% on news that the mining company has suspended production of gold in Egypt.
Asian stocks rose, with the regional benchmark index extending its longest rally in more than three years, as Japanese exporters advanced after the yen touched an almost nine-month low versus the dollar.
Nikkei 225 9,742.73 +161.27 +1.68%
S&P/ASX 200 4,582.79 -1.02 -0.02%
Shanghai Composite 2,061.48 -21.25 -1.02%
Canon Inc., the world’s biggest camera maker, climbed 2.1 percent in Tokyo as the weaker yen boosted the outlook for exporters.
Mitsubishi UFJ Financial Group Inc. rose 1.1 percent as Japan’s No. 1 lender is poised to announce the purchase of Bank of America Corp.’s stake in their Japanese private banking venture.
Chimei Innolux Corp., Taiwan’s largest maker of liquid- crystal displays, jumped 6.9 percent on a report it will return to profit next year as sales increase.
Asian stocks rose, with the regional benchmark index heading for its longest streak of gains in three years, amid speculation the Federal Reserve will step up monetary easing.
Nikkei 225 9,581.46 +56.14 +0.59%
S&P/ASX 200 4,583.81 +7.81 +0.17%
Shanghai Composite 2,082.73 +8.02 +0.39%
James Hardie Industries SE, a building-materials supplier that counts the U.S. as its biggest market, added 1.7 percent in Sydney.
Mitsubishi Motors Corp. jumped 8.9 percent after the Nikkei newspaper reported the Japanese carmaker’s withdrawal from European production will boost its profit.
Guoco Group Ltd. surged 29 percent in Hong Kong after the property developer received a HK$8.25 billion ($1 billion) buyout offer from its biggest shareholder.
European stocks closed little changed as investors waited for the Federal Reserve to announce its decisions on interest rates and economic stimulus, while American lawmakers continued talks on a new budget.
Consumer prices in Germany in November, down 0.1% compared to the previous month and rose by 1.9% compared with the same period last year. German CPI, harmonized according to EU standards, fell by 0.2% compared to the previous month and up 1.9% compared with the same period last year.
The UK unemployment rate by the standards of the International Labour Organization (ILO) has dropped to 7.8% in August-October against 8.0% in May-July. The number of unemployed in the same period fell by 82,000, to 2.51 million. This is the most significant indicator fell from March-May 2001.
National benchmark indexes advanced in 12 of the 18 western European markets. The U.K.’s FTSE 100 gained 0.4 percent, while France’s CAC 40 was little changed. Germany’s DAX rose 0.3 percent.
Peugeot jumped 10 percent to 5.42 euros after La Tribune reported that Algeria may take a stake in Europe’s second- largest carmaker. Francois Hollande’s envoy Jean-Pierre Raffarin discussed a possible investment when he visited the North African country in November, the paper said. Separately, Peugeot said it will eliminate 1,500 job positions in addition to the 8,000 announced in July. The auto company, whose shares have plummeted 49 percent so far this year, will make the cuts by not replacing people who leave, according to spokesman Jonathan Goodman.
Wacker Chemie AG, the second-biggest maker of solar-grade silicon, surged 12 percent to 48.61 euros. China’s ministry of science and technology announced a second round of solar subsidies for this year, identifying projects with 2.8 gigawatts of power as eligible for state aid.
Barry Callebaut AG dropped 2.3 percent to 919 Swiss francs after saying it will buy Singapore-based Petra Foods’ cocoa- ingredients unit for $950 million. The deal, scheduled to be completed in mid-2013, will be the biggest acquisition made by the Swiss maker of bulk chocolate.
Indexes started the session moderately higher, but to consolidate its growth could not, and fell after the results meeting of the Open Market (FOMC) U.S. Federal Reserve.
U.S. Federal Reserve changed its bond-buying program, extending far-reaching efforts to revive the labor market and promoting economic recovery in 2013.
At the last meeting of this year, the Committee on the open market operations the Fed announced that it will begin "from the beginning" to buy long-term U.S. Treasury bonds by $ 45 billion a month. Last stimulus program from the Fed at the end of a suitable substitute for "operation twist", in which the Fed buys U.S. Treasury bonds by about $ 45 billion a month and sold short by about the same amount.
In contrast to the "Operation Twist," a new program of bond purchases increase the Fed's portfolio of assets, which last week reached 2.861 trillion dollars.
In addition, the Fed changed its communications strategy, called the level of unemployment and inflation, which can make it start to raise short-term interest rates, which are currently near zero.
The focus of market participants is still the situation with the solution of the "fiscal cliff." Investors are waiting for at least some specific information about the negotiations.
DOW index components were mixed. Below are the remaining shares Wal-Mart (WMT, -2.75%). Shares lead Hewlett-Packard (HPQ, +1.89%).
Among the sectors of the S & P also is mixed dynamics. The largest increase (+0.3%) in the three sectors - financial and industrial products and raw materials. At the bottom of the list - the services sector and health care (-0.3%).
The market capitalization of one of the largest insurers in the U.S. Aetna rose by 3.2% - the company predicts a 9% rise in sales and profit improvement next year.
At the close:
Dow 13,245.45 -2.99 -0.02%
Nasdaq 3,013.82 -8.48 -0.28%
S & P 500 1,428.48 +0.64 +0.04%
Change % Change Last
Nikkei 225 9,581.46 +56.14 +0.59%
S&P/ASX 200 4,583.81 +7.81 +0.17%
Shanghai Composite 2,082.73 +8.02 +0.39%
FTSE 100 5,945.85 +20.88 +0.35%
CAC 40 3,646.66 +0.51 +0.01%
DAX 7,614.79 +25.04 +0.33%
Dow 13,245.45 -2.99 -0.02%
Nasdaq 3,013.82 -8.48 -0.28%
S&P 500 1,428.48 +0.64 +0.04%
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