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Analytics, News, and Forecasts for CFD Markets: stock news — 14-08-2012.
European stocks gained, rebounding from a two-day decline, as a report showed German growth slowed less than forecast, while minutes revealed that several Bank of Japan policy makers are prepared to stimulate the economy.
Standard Life Plc (SL/) rallied 8.1 percent as first-half profit at Scotland’s biggest insurer rose 15 percent. A.P. Moeller- Maersk A/S advanced 3.2 percent after increasing the full-year forecast for its container-shipping unit. CRH Plc (CRH) plunged 4.8 percent after saying a European sales decline will worsen.
The Stoxx Europe 600 Index (SXXP) gained 0.7 percent to 270.54 at the close.
Germany’s economic growth slowed less in the second quarter than economists had forecast as exports and household spending helped to fend off the impact of the sovereign-debt crisis on Europe’s largest economy. Gross domestic product rose 0.3 percent from the first quarter.
National benchmark indexes advanced in 15 of the 18 western-European markets today.
FTSE 100 5,864.78 +32.90 +0.56% CAC 40 3,450.27 +23.86 +0.70% DAX 6,974.39 +64.71 +0.94%
In Tokyo, minutes of the BOJ’s last meeting showed several board members said the central bank should not dismiss any policy options in combating risks to the economy.
A U.S. Commerce Department release showed that retail sales rose in July more than economists had predicted. They climbed 0.8 percent, their first advance in four months, exceeding the 0.3 percent median estimate of economists.
Standard Life surged 8.1 percent to 277.4 pence as operating profit climbed to 302 million pounds ($474 million) from 262 million pounds a year earlier. That beat the 263 million-pound median prediction of analysts.
Maersk advanced 3.2 percent to 41,880 kroner after reporting that its container business, the world’s largest, returned to profit in the second quarter as freight rates jumped. The company predicted a modest full-year profit for the unit. It had projected a “negative to neutral” result.
Aker Solutions ASA (AKSO) climbed 5.7 percent to 101.50 kroner. The Norwegian oil-services company reported second-quarter profit and sales that beat estimates.
Galp Energia SGPS SA (GALP) rose 1.3 percent to 11.72 euros after Portugal’s biggest oil producer said tests confirmed the presence of good quality crude at a well off the coast of Brazil known as Carcara. Galp holds a 14 percent stake in the consortium exploring the Carcara well.
Hochtief AG (HOT) declined 2.3 percent to 40 euros as Germany’s largest builder said that its profit targets for the year have become more challenging. The company set aside money for a delayed concert-hall project. It posted a second-quarter net loss of 15 million euros.
U.S. stock-index futures rose as faster-than-forecast growth in retail sales bolstered optimism in the economy.
Global Stocks:
Nikkei 8,929.88 +44.73 +0.50%
Hang Seng 20,291.68 +210.32 +1.05%
Shanghai Composite 2,142.52 +6.45 +0.30%
FTSE 5,855.32 +23.44 +0.40%
CAC 3,440.59 +14.18 +0.41%
DAX 6,967.42 +57.74 +0.84%
Crude oil $93.04 +0,33%
Gold $1598.90 -0.85%
Growth of the major indices began trading in Europe. Day is full of stats data, but had a positive impact on GDP data in Germany. In the II quarter figure was 0.3% while the forecast was 0.1%.
It also supported the market published minutes of the meeting of the Bank of Japan, which showed that some representatives of the Central Bank ready to vote for further measures to stimulate economic growth.
FTSE 100 5,865.4 +33.52 +0.57%
CAC 40 3,446.88 +20.47 +0.60%
DAX 6,969.71 +60.03 +0.87%
Shares of freight APMoller-Maersk A / S, increased by 1.9% against the forecast increase in profits units, which is engaged in container freight. In the II quarter of 2012 the unit APMoller-Maersk (which is, incidentally, is the largest in the world) has returned to profitability.
Net loss of German tourist holding company TUI AG, available for distribution to shareholders of the company, for the first 9 months of 2011-2012 fiscal year that ended June 30 rose by 19.6% - up to 276.1 million euros. Despite this, the company's shares rise in value by almost 3%.
Asian stocks rose as Bank of Japan minutes showed policy makers are considering steps to boost the economy, and before U.S. retail sales data expected to signal demand is recovering in the world’s largest economy.
Nikkei 225 8,929.88 +44.73 +0.50%
S&P/ASX 200 4,292.2 +8.91 +0.21%
Shanghai Composite 2,142.52 +6.45 +0.30%
Yue Yuen Industrial Holdings Ltd., which makes shoes for Nike Inc., rose 1.1 percent in Hong Kong.
Noble Group Ltd., Asia’s biggest-listed commodity supplier, gained 7.2 percent in Singapore after second-quarter profit rose 39 percent.
Swire Properties Ltd. slumped 5.7 in Hong Kong after saying John Swire & Sons Ltd. is selling shares in the commercial landlord.
Asian stocks dropped, with the regional benchmark index trimming the biggest weekly advance since January, after companies Asian stocks swung between gains and losses as slowing economic growth in Japan added to signs of a deepening global slump, and amid optimism the U.S. Federal Reserve will add new stimulus.
Nikkei 225 8,885.15 -6.29 -0.07%
S&P/ASX 200 4,283.3 +6.00 +0.14%
Shanghai Composite 2,141.32 -27.49 -1.27%
Nexon Co. sank 8.1 percent in Tokyo, sliding for a second day after the developer of online games cut its profit forecast.
BlueScope Steel Ltd. surged 35 percent in Sydney after agreeing to sell some of its operations to Nippon Steel Corp.
Honda Motor Co., a Japanese carmaker that depends on North America for almost half its revenue, climbed 0.7 percent after a report the Fed Bank of San Francisco’s president is in favor of taking measures to boost the economy.
Genting Singapore Plc slid 2.3 percent after the casino-resort operator’s sales missed estimates.
European stocks retreated as slowing economic growth in Japan offset increased demand at an Italian debt auction.
Petrofac (PFC) Ltd. fell 5.2 percent as the oil and gas engineer said profit growth will slow. Unicredit SpA and Intesa (ISP) Sanpaolo SpA advanced after Italy sold 8 billion euros ($9.9 billion) of debt.
The Stoxx 600 fell 0.4 percent to 268.72 at the close of trade.
National benchmark indexes fell in 14 of the 18 western European markets today.
FTSE 100 5,831.88 -15.23 -0.26% CAC 40 3,426.41 -9.21 -0.27% DAX 6,909.68 -34.88 -0.50%
Japanese data today showed a reconstruction-fueled rebound in the country’s economy waned in the second quarter as consumer spending growth almost stalled and export gains diminished.
Gross domestic product advanced an annualized 1.4 percent in the three months through June, less than the median economist estimate of 2.3 percent.
Julius Baer (BAER) dropped 7.4 percent to 32.80 Swiss francs after the money manager agreed to pay about 860 million francs ($880 million) for Bank of America’s Merrill Lynch non-U.S. wealth management business. The company plans to raise 750 million francs through a rights offering to help fund the deal.
Petrofac dropped 5.2 percent to 1,486 pence for a fourth- day of declines after the U.K. oil and gas engineer said profit growth in the second half will slow as projects are delayed. The company reported first-half net profit of $325 million, beating the average analyst estimate of $314 million.
Nokia Oyj (NOK1V) declined 6 percent to 2.18 euros.
Solarworld AG (SWV) sank 12 percent to 1.16 euros after Germany’s biggest panel-maker said it sees lower full-year revenue in 2012 from a year earlier. The company reported a second-quarter net loss of 161 million euros and sales of 169.6 million euros for the period.
Unicredit (UCG), Italy’s largest bank, rose 1 percent to 2.94 euros. Intesa, the country’s second-biggest, gained 0.8 percent to 1.10 euros.
Even though the observed correctional movement, the major U.S. stock indexes have not been able to cover all losses incurred today and closed in the red.
The pressure on the indices continue to have concerns about further slowdown in the global economy.
The reason for these fears have data on Japan's GDP and lower projections for growth in the Chinese economy.
The published statistics of Japan's GDP grew recorded in the 2nd quarter by 0.3% q / q in the expectations of 0.6%.
Today, analysts are Bank of America (BAC) reduced the growth forecast for China's economy in 2012 to 7.7% from 8.0%.
Under the pressure of today were the shares of companies that depend heavily on economic growth. In particular, substantial losses are shares of miners and producers of raw materials.
As part of the index DOW almost all components are in red. The growth shows only American Express Company (AXP, +0.47%), Walt Disney Co. (DIS, +0.36%), Kraft Foods Inc. (KFT, +0.12%), 3M Co. (MMM, +0.02%). More than others in the share price fell DuPont (DD, -1,7%).
Branches in the context of all major sectors of the index S & P are in the red. Most of all basic materials sector fell (-0.9%).
At the time of closure:
Dow -38.52 13,169.43 -0.29%
Nasdaq +1.66 3,022.52 +0.05%
S & P -1.76 1,404.11 -0.13%Change % Change Last
Nikkei 225 8,885.15 -6.29 -0.07%
S&P/ASX 200 4,283.3 +6.00 +0.14%
Shanghai Composite 2,141.32 -27.49 -1.27%
FTSE 100 5,831.88 -15.23 -0.26%
CAC 40 3,426.41 -9.21 -0.27%
DAX 6,909.68 -34.88 -0.50%
Dow -38.52 13,169.43 -0.29%
Nasdaq +1.66 3,022.52 +0.05%
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