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Analytics, News, and Forecasts for CFD Markets: stock news — 14-09-2012.
European stocks advanced to their highest level in 14 months after the Federal Reserve said it will buy mortgage-backed securities to encourage economic growth in the world’s largest economy.
BHP Billiton Ltd. (BHP) and Rio Tinto Group jumped 5.8 percent and 6.5 percent, respectively, as Australia’s Treasurer said the country’s resource boom will continue. Lonmin Plc (LMI) rose 4.8 percent as it resumed talks with striking miners at its platinum mine in South Africa.
The Stoxx Europe 600 Index advanced 1.1 percent to 275.51 at 4:30 p.m. in London, its highest level since July 7, 2011.
The Fed said it will increase its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month. The central bank will continue to buy mortgage- backed securities until the outlook for the labor market substantially improves, the Federal Open Market Committee said yesterday in a statement at the end of its two-day meeting in Washington.
The FOMC also said it will probably hold the federal funds rate near zero until at least the middle of 2015. The Fed had said the rate would stay low through late 2014. Fed officials said economic growth will improve faster than they had projected, as they upgraded their estimates for gross domestic product growth in 2013 and 2014.
Euro-area finance ministers and central-bank officials hold a two-day meeting starting today in Cyprus to discuss plans for a banking union in the 17-nation currency zone.
European stocks extended their gains after the Thomson Reuters/University of Michigan gauge of consumer confidence unexpectedly climbed. The preliminary index of consumer sentiment rose to 79.2 in September from 74.3 in August. The median forecast of economists had called for a reading of 74.
National benchmark indexes rose in all 18 western-European markets.
FTSE 100 5,898.55 +78.63 +1.35% CAC 40 3,570.64 +68.55 +1.96% DAX 7,401.59 +91.27 +1.25%
Petropavlovsk Plc, a miner of gold in Russia, jumped 14 percent to 431.9 pence. Antofagasta Plc, which owns copper mines in Chile, rose 7 percent to 1,323 pence, its biggest rally in eight months, as metal prices jumped in London.
Nyrstar (NYR) NV, the largest producer of refined zinc, gained 10 percent to 5.28 euros. Evraz Plc (EVR), the mining company and steelmaker partly owned by billionaire Roman Abramovich, soared 13 percent to 293.2 pence. Vedanta Resources Plc (VED) surged 13 percent to 1,090 pence.
Chemring Group Plc advanced 5.3 percent to 344.9 pence. The company said that the U.K.’s Takeover Panel has extended a deadline for Carlyle Group LP to make a bid until Oct. 12.
Lonmin Plc rose 4.8 percent to 613.5 pence. The third- largest platinum producer by volume resumed talks in South Africa today to end an illegal strike that has spread to nearby mines that tap the world’s richest reserves of the metal.
The preferred shares of Volkswagen AG (VOW) added 4.9 percent to 152.50 euros. Europe’s largest carmaker said sales in August rose 19 percent to 719,500 vehicles.
Перед открытием рынка фьючерс S&P вырос (+0,24%) до уровня 1454.00, фьючерс NASDAQ добавил 0.33% до уровня 2830.33 пункта.
Внешний фон позитивный. Основные азиатские и европейские фондовые индексы завершили сессию или еще торгуются в существенном плюсе:
Nikkei 9,159.39 +164.24 +1.83%
Hang Seng 20,629.78 +582.15 +2.90%
Shanghai Composite 2,123.85 +13.47 +0.64%
FTSE 5,903.09 +83.17 +1.43%
CAC 3,567.55 +65.46 +1.87%
DAX 7,401.42 +91.10 +1.25%
Октябрьские нефтяные фьючерсы Nymex WTI в данный момент котируются по $99.45 за баррель (+1,16%).
Цены на золото выросли на 0.01% до уровня $1772.20 за унцию.
Фьючерсы на премаркете растут, поддержанные вчерашним решением Комитета по открытым рынкам ФРС.
Вчерашнее решение федрезерва также оказало поддержку ценам на сырье.
Не смотря на сегодняшний и вчерашний рост фондовых рынков, есть высокая вероятность того, что новый раунд QE не окажет столь сильного позитивного влияния на фондовый рынок, поскольку данных действий от федрезерва многие ожидали и это было заложено в цены.
Также стоит отметить, что несмотря на заявление федрезерва о “неограниченном” сроке действия нового раунда QE, он является намного меньше предыдущих программ.
3M upgraded to Buy from Underperform at BofA/Merrill
European stocks advanced to their highest level in 14 months after the Federal Reserve said it will buy mortgage-backed securities to encourage economic growth in the world’s largest economy, and as euro-area ministers meet in Cyprus.
The Fed said it will increase its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month. The central bank will continue to buy mortgage- backed securities until the outlook for the labor market substantially improves, the Federal Open Market Committee said yesterday in a statement at the end of its two-day meeting in Washington.
Euro-area finance ministers and central-bank officials will hold a two-day meeting starting today in Cyprus to discuss plans for a banking union in the 17-nation currency zone.
Investments in mining and energy projects “still have some way to run,” Australian Treasurer Wayne Swan told the Australia in China’s Century conference in Sydney today, according to a text of his speech
Antofagasta Plc, which owns copper mines in Chile, surged 8.3 percent to 1,340 pence, its biggest rally in nine months, as metal prices jumped in London.
Nyrstar NV, the largest producer of refined zinc, gained 9.4 percent to 5.23 euros. Evraz Plc, the mining company and steelmaker part-owned by billionaire Roman Abramovich, soared 11 percent to 288.9 pence.
FTSE 100 5,907.01 +87.09 +1.50%
CAC 40 3,572.19 +70.10 +2.00%
DAX 7,417.26 +106.94 +1.46%
Asian stocks rose, with the regional benchmark index headed for the longest winning streak since January 2011, after the Federal Reserve said it will buy mortgage-backed securities to bolster economic growth.
Nikkei 225 9,159.39 +164.24 +1.83%
S&P/ASX 200 4,390 +50.58 +1.17%
Shanghai Composite 2,129.14 +18.76 +0.89%
Techtronic Industries Co., a maker of Ryobi power tools that gets 72 percent of its sales in North America, gained 6.5 percent in Hong Kong.
Zhaojin Mining Industry Co., which gets 89 percent of its revenue from gold mining, surged 14 percent in Hong Kong after the price of the precious metal climbed to a six-month high.
Daewoo Securities Co. paced gains among financial firms, jumping 15 percent in Seoul.
Asian stocks swung between gains and losses as investors await a U.S. Federal Reserve’s policy announcement and after a Chinese newspaper commentary said massive stimulus measures would be “detrimental” to the nation’s sustainable growth.
Nikkei 225 8,995.15 +35.19 +0.39%
S&P/ASX 200 4,339.4 -21.85 -0.50%
Shanghai Composite 2,125.68 -0.87 -0.04%
James Hardie Industries SE, a building-materials supplier that gets 67 percent of sales from the U.S. rose 1.5 percent.
Bank of Communications Co. slid 1.4 percent in Hong Kong.
Kansai Electric Power Co. and Kyushu Electric Power Co. advanced on a report the utilities are considering a rate increase.
TDK Corp., a battery supplier to Apple Inc., climbed 4.4 percent in Tokyo after the iPhone 5 was unveiled.
European stocks fell from the highest level in 14 months as investors awaited a Federal Reserve decision on further stimulus measures.
European Aeronautic, Defence & Space Co. (EAD) and BAE (BA) Systems Plc slid more than 7 percent as Barclays Plc recommended investors trim their holdings in the companies in the short term, as they plan a merger. Zodiac Aerospace rose 2.1 percent after Societe Generale SA upgraded its rating on the stock.
The Stoxx Europe 600 Index slipped 0.2 percent to 272.42 at the close of trading, paring losses of as much as 0.6 percent. The gauge rose to its highest level since July 2011 yesterday after Germany’s top constitutional court cleared the way for ratification of the euro area’s permanent bailout fund.
EADS slid 10 percent to 25.15 euros. The company said yesterday it has entered talks for a merger with BAE to build an equal to Boeing Co. (BA) that would balance civil and defense operations. Deutsche Bank AG downgraded the stock to hold from buy.
BAE lost 7.3 percent to 337.1 pence. Europe’s biggest arms maker was cut to hold from buy at
Barclays advised investors to trim their exposure to EADS and take profits in BAE because of the potential for near-term challenges in the deal closure process. Barclays kept its overweight recommendation, similar to a buy, on both companies, reflecting long-term prospects.
National benchmark indexes fell in 11 of the 18 western- European (SXXP) markets.
FTSE 100 5,819.92 +37.84 +0.65% CAC 40 3,502.09 -41.70 -1.18% DAX 7,310.32 -33.21 -0.45%
Next Plc (NXT) slumped 7.2 percent to 3,320 pence after the U.K.’s second-largest clothing retailer said sales in August and early September were “disappointing,” paring growth for the year to date.
Imagination Technologies Group Plc. (IMG) tumbled 7.2 percent to 566 pence after saying first-quarter royalty revenue growth was in line with expectations, while royalty rates decreased slightly because of higher volumes in low-end smartphones.
Numis Securities downgraded its recommendation on the U.K. chip designer for mobile applications to hold from buy, with a price forecast of 590 pence per share.
Debenhams Plc (DEB), the U.K. department-store operator, slid 1.8 percent to 98.25 pence.
Home Retail Group Plc (HOME), an operator of home and general-merchandise retail stores, retreated 4.6 percent to 94.85 pence. A gauge of retailers was among the worst performers of the 19 industry groups on the Stoxx Europe 600 Index.
Vinci SA (DG), Europe’s biggest builder, fell 3.6 percent to 35.46 euros after Bank of America Corp. cut its recommendation on the shares to neutral from buy. A gauge of construction companies made the biggest contribution to the Stoxx 600’s decline today.
Vestas Wind Systems A/S (VWS), the world’s largest wind turbine maker, plunged 13 percent to 34.55 kroner. The company is considering selling shares to existing investors if talks on a strategic cooperation with Mitsubishi Heavy Industries Ltd. fail, two people familiar with the matter said.
Zodiac Aerospace (ZC), which manufactures and sells aeronautical equipment including weapons systems, added 2.1 percent to 79.60 euros after Societe Generale upgraded its recommendation on the shares to hold from sell.
WPP Plc (WPP), the world’s biggest advertising agency, rose 1.3 percent to 848 pence after the shares were raised to hold from underperform at Jefferies Group Inc.
Lonza Group AG (LONN) gained 4.9 percent to 49.32 Swiss francs. The Swiss specialty-chemical maker sold 305 million francs ($324 million) of bonds to refinance a bridge loan used for its acquisition of Arch Chemicals Inc. in October 2011.
Julius Baer Group Ltd. (BAER) advanced 2.9 percent to 33.49 francs. Chief Executive Officer Boris Collardi said he was “confident on the cost-cutting side” at the Asian wealth- management business it bought from Bank of America Corp
Major U.S. stock indexes rose significantly in the course of trading against the decision of the Federal Reserve, and were able to complete the session well above zero.
The U.S. Federal Reserve announced the launch of a major new round of bond purchases, which will be the continuation of a series of non-standard measures taken by the Fed since the financial crisis to support the uncertain economic recovery.
After several months of careful feeding signals Operations Committee on the Federal Open Market on Thursday announced that it would be a month to buy agency mortgage-backed securities to $ 40 billion, and these purchases will not be limited in time. At the request of the committee, it will continue these purchases and acquire additional assets, if the situation in the labor market improves.
"If the labor market prospects will not improve significantly, the Committee will continue to buy mortgage-backed securities agentstkih, make additional purchases of assets and apply other policy tools as necessary until no improvement is achieved," - said in a statement the committee issued on the basis of a two-day meeting .
The Fed also announced the continuation of "Operation Twist", in which it is selling short-term bonds and buying longer-term the proceeds in an attempt to lower long-term rates.
The Fed will buy long-term securities to $ 85 billion a month to the end of this year. To date she bought in the "Operation Twist" long-term bonds to $ 45 billion a month. The Fed will print money to finance the purchase of mortgage bonds, which will increase its balance of 2.8 trillion dollars.
These purchases aimed at lowering long-term interest rates - especially mortgages - and increase the value of assets such as stocks and homes. The Fed hopes that it provided a financial incentive will support the depressed housing market and spur spending and investment.
As a part of all the components of the index DOW surged. More than others in the share price rose Bank of America Corporation (BAC, +4.57%), JPMorgan Chase & Co. (JPM, +3.76%)
All of the major economic sectors are growing. The leader is the basic materials sector (+2.4%) and the financial sector (+2.1%)
At the close:
Dow 13,539.63 +206.28 +1.55%
Nasdaq 3,155.83 +41.52 +1.33%
S & P 500 1,459.99 +23.43 +1.63%
Change % Change Last
Nikkei 225 8,995.15 +35.19 +0.39%
S&P/ASX 200 4,339.4 -21.85 -0.50%
Shanghai Composite 2,125.68 -0.87 -0.04%
FTSE 100 5,819.92 +37.84 +0.65%
CAC 40 3,502.09 -41.70 -1.18%
DAX 7,310.32 -33.21 -0.45%
Dow 13,539.63 +206.28 +1.55%
Nasdaq 3,155.83 +41.52 +1.33%
S&P 500 1,459.99 +23.43 +1.63%
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