Analytics, News, and Forecasts for CFD Markets: stock news — 14-06-2012.

U.S. stocks rose, erasing most of this week’s loss in the Standard & Poor’s 500 Index, as data on inflation and jobless claims fueled bets the Federal Reserve will act to spur growth and investors awaited Greek elections.

Speculation grew that the Fed will discuss stimulus efforts at its meeting next week after reports showed jobless claims unexpectedly climbed by 6,000 to 386,000 last week and the cost of living fell by the most in more than three years.

The Labor Department reported today that the consumer price index fell 0.3 percent, more than forecast and the biggest drop since December 2008, after no change the prior month. Economists projected a 0.2 percent decrease, according to the median estimate in a Bloomberg News survey.

Home Depot (HD), the largest U.S. home-improvement retailer, climbed 2 percent to $51.97 and McDonald’s (MCD), the world’s largest restaurant chain, advanced 1.6 percent to $89.40.

International Game Technology rallied 11 percent, the most in the S&P 500, to $14.63. The maker of casino machines authorized a share buyback plan of as much as $1 billion in an effort to reward investors after a 23 percent stock drop this year.

Kroger Co. climbed 4.3 percent to $22.21. The largest U.S. grocery-store chain said profit for the year ending Jan. 31 will be as much as $2.40 a share, up from a prior forecast of as much as $2.38. Kroger also said its board approved a new $1 billion share buyback program, replacing an authorization that was exhausted on June 12.

Resistance 3:1350 (МА (55) for D1)

Resistance 2:1342 (Jun 11 high)

Resistance 1:1320 (Jun 12-13 highs)

Current price: 1314.75

Support 1:1298 (Jun 8-12 low)

Support 2:1286 (МА (200) for D1)

Support 3:1265 (Jun 4 low)

U.S. stock-index futures rose as investors awaited an election in Greece this weekend.

Moody’s Investors Service yesterday cut Spain’s rating by three steps to Baa3 from A3, citing the nation’s increased debt burden, weakening economy and limited access to capital markets. Moody’s also lowered Cyprus’s bond rating to Ba3 from Ba1.

Claims for jobless benefits unexpectedly climbed by 6,000 to 386,000 in the week ended June 9 from a revised 380,000 the prior week that was more than first estimated, Labor Department figures showed today in Washington.

The consumer-price index declined 0.3%, more than forecast and the biggest drop since December 2008, after no change the prior month, the Labor Department reported today in Washington.

Global Stocks:

Nikkei  8,568.89 -18.95 -0.22%

Hang Seng 18,808.4 -218.12 -1.15%

Shanghai Composite 2,295.95 -22.98 -0.99%

FTSE  5,451.4 -32.41 -0.59%

CAC  3,019.5 -10.54 -0.35%

DAX 6,118.7 -33.79 -0.55%

Crude oil $83.00 (+0.46%)

Gold $1627.60 (+0.51%)

European stocks dropped for a second day as Moody’s Investors Service downgraded Spain and Cyprus.

FTSE 100  5,437.39 -46.42 -0.85%

CAC 40 3,005.75 -24.29 -0.80%

Xetra DAX 6,111.97 -40.52 -0.66%

Asian stocks fell, with the regional index heading for its third drop in five days, as Spain’s credit rating was cut and economic reports in the U.S and Europe added to concern the global economy is slowing.

Nikkei 225 8,568.89 -18.95 -0.22%

S&P/ASX 200 4,042.2 -21.59 -0.53%

Shanghai Composite 2,295.95 -22.98 -0.99%

Hutchison Whampoa Ltd., which operates ports in Germany and Spain, slid 1.5 percent in Hong Kong.

Esprit Holdings Ltd. sank 12 percent as the clothier’s chief executive officer and chairman quit within 24 hours of each other.

James Hardie Industries SE, a building-materials supplier that counts the U.S. as its biggest market, lost 2.1 percent in Sydney as retail sales in the world’s largest economy dropped.

Most Asia-Pacific stocks rose as Japan’s machinery orders increased more than economists expected and South Korea’s unemployment rate fell.
Nikkei 8,587.84 +51.12 +0.60%
Hang Seng 19,026.52 +153.96 +0.82%
S&P/ASX  4,063.79 -9.09 -0.22%
Shanghai Composite 2,318.92 +29.13 +1.27%
Shares of Hitachi Ltd., which gets about one-third of sales from industrial machinery, climbed 2.4%.
Shares of Samsung Electronics Co., the world’s largest maker of mobile phones, rose 1.3%.
Shares Esprit Holdings Ltd. tumbled 21% before share trading was suspended after the clothier’s chief executive officer quit.

European stocks declined as borrowing costs increased at debt auctions in Germany and Italy and as Sweden’s SKF AB reported weakening demand for its products in the second quarter.
Germany sold 4.04 billion euros ($5.08 billion) of 10-year bunds today at an average yield of 1.52%, up from a rate of 1.47% at the last auction on May 16. Investors bid for 5.81 billion euros of the bunds, above the 5 billion-euro maximum sales target for the auction, the Bundesbank said.
In Italy, borrowing costs surged at the sale of 6.5 billion euros of bills. The Rome-based Treasury sold the one-year securities at 3.972%, 1.6%age points more than the 2.34% at the previous auction on May 11. Investors bid for 1.73 times the amount offered, down from 1.79 times last month.
National benchmark indexes fell in 11 of the 18 markets in western Europe. France’s CAC 40 lost 0.6%, the U.K.’s FTSE 100 rose 0.2% and Germany’s DAX fell 0.1%. Spain’s IBEX 35 rose 1.4% as shares of Inditex SA (ITX) surged to a record.
SKF tumbled 7.3% to 133.20 kronor in Stockholm, its biggest decline since August, after the company reported “slightly lower” demand for its products and services in the second quarter than in the same period a year earlier.
Renault led a selloff by carmakers, falling 4.2% to 30.98 euros as Carlos Ghosn, chief executive officer of Renault and Nissan Motor Co., forecast “three to four more years of stagnation” in Europe’s auto industry, according to a Reuters report.

U.S. stocks slid, after yesterday’s gain, as retail sales fell and concern about Europe’s debt crisis grew amid higher borrowing costs in Italy and Germany.
Equities fell as retail sales dropped in May for a second month, as limited job and income gains hold back consumers. Euro-area industrial production declined for a second month in April, led by a drop in Germany, adding to signs of a deepening economic slump. The Group of 20 nations meeting in Mexico next week probably won’t announce significant progress on Europe’s debt crisis, a U.S. official said.
Investors also watched the latest developments ahead of Greece’s elections on June 17. Alexis Tsipras, whose Syriza party in Greece is vying for first place in pre-election polls, said he expects the European Union will do all it can to keep the nation in the euro even if he wins elections and carries out his promise to repeal the austerity measures required to receive emergency loans.
The S&P 500 briefly rose as banks rallied. JPMorgan (JPM) jumped 1.6% to $34.30 as Chief Executive Officer Jamie Dimon testified about his bank’s $2 billion trading loss. He said a switch to a new risk model in the first quarter may have helped fuel the loss, and the bank has shifted back to the old system.
The Morgan Stanley Cyclical Index of companies most-tied to the economy lost 1.5%. Home Depot (HD), the largest U.S. home- improvement retailer, lost 2.4% to $50.97. Caterpillar (CAT), the world’s largest maker of construction equipment, dropped 2% to $85.29. DuPont, a chemicals producer, fell 1.6% to $49.11.
Dell rallied 2.6% to $12.28. The quarterly payout of 8 cents a share will begin in the period that ends in October. The dividend’s yield would be 2.7%, based on the stock’s closing price yesterday. The company will focus on data-center gear as well as computing software and services while seeking to cut costs by more than $2 billion over the next three years.

Nikkei 8,587.84 +51.12 +0.60%

Hang Seng 19,026.52 +153.96 +0.82%

S&P/ASX  4,063.79 -9.09 -0.22%

Shanghai Composite 2,318.92 +29.13 +1.27%

FTSE 100 5,473.74 +41.37 +0.76%
CAC 40 3,046.91 +4.15 +0.14%
DAX 6,161.24 +20.19 +0.33%
Dow 12,574 +163 +1.31%
Nasdaq 2,843 +33 +1.19%
S&P 500 1,324 +15 +1.17%