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Analytics, News, and Forecasts for CFD Markets: stock news — 14-11-2012.
European stocks fell to a two-month low as industrial production dropped the most in at least three years.
Euro-area industrial production dropped the most in more than three years in September, led by double-digit declines in Portugal and Ireland. Output fell 2.5 percent from August, when it increased 0.9 percent, the European Union’s statistics office in Luxembourg said today. The median economist estimate was for a drop of 2 percent.
In the U.K., jobless claims rose at the fastest pace in more than a year, increasing by 10,100 to 1.58 million in October. The median economist estimate was for no change.
Europe’s budget enforcers proposed easing the pressure on Spain to cut the deficit, backing further away from the austerity-first mantra that has dominated the response to the sovereign-debt crisis.
The European Commission said Spain doesn’t need to compound the budget-cutting pain in 2012 or 2013 and indicated the country would be eligible for a credit line to shore up its public balance sheet.
National benchmark indexes declined in 14 of the 18 western-European markets today. France’s CAC 40 slipped 0.9 percent, Germany’s DAX lost 0.9 percent, while the U.K.’s FTSE 100 fell 1.1 percent.
ICAP tumbled 9.2 percent to 281.4 pence after the company reported a 26 percent decline in fiscal first-half pretax profit to 137 million pounds ($217 million) as the sovereign-debt crisis hurt trading. The company also said full-year profit would be at the “low end” of the 300 million-pound to 332 million-pound range forecast by analysts.
Monti Paschi fell 5.1 percent to 20.1 euro cents after Italy’s third-biggest bank unexpectedly reported a third-quarter loss of 47.4 million euros as provisions for bad loans almost doubled. The average analyst estimate was for net income of 103.4 million euros.
Vivendi SA jumped 4.7 percent to 15.69 euros after the company said earnings will fall less than expected this year, helped by cost cuts and demand for video games. The owner of record company Universal Music Group also reported that adjusted third-quarter profit declined 2.9 percent to 665 million euros, beating the average analyst estimate of 598 million euros.
Infineon Technologies AG climbed 5.9 percent to 5.55 euros after Europe’s second-biggest semiconductor maker said it plans to reduce spending next year after fourth-quarter sales and operating profit topped analysts’ estimates.
U.S. stock futures maintained gains after reports showed American wholesale prices and retail sales fell in October.
Global Stocks:
Nikkei 8,664.73 +3.68 +0.04%
Hang Seng 21,441.99 +253.34 +1.20%
Shanghai Composite 2,055.42 +7.53 +0.37%
FTSE 5,751.36 -34.89 -0.60%
CAC 3,414.34 -16.26 -0.47%
DAX 7,141.3 -27.82 -0.39%
Crude oil $85.12 -0.30%
Gold $1728.70 + 0.27%
Cisco Systems (CSCO) upgraded to Outperform from Sector Perform at Pacific Crest
Home Depot (HD) target raised to $69 at Stifel Nicolaus following earnings
Home Depot (HD) was downgraded to Market Perform at Raymond James
In the red zone are traded Wednesday on the European stock markets. Indices are down over 5 consecutive days. The reasons for this: Greece is once again on the verge of default and exit from the euro area, the threat of a "financial cliff" in the U.S., and a weak corporate reporting European companies.
FTSE 100 5,756.27 -29.98 -0.52%
CAC 40 3,423.74 -6.86 -0.20%
DAX 7,158.11 -11.01 -0.15%
The value of shares Electricite de France SA (EDF) dropped 1.3%. The company has reduced targets for the development of nuclear power for the second time in a year.
Capitalization brokerage ICAP fell 7.2% as of lposle ICAP pretax profit for the first finpolugodiya fallen by 26% - up to 137 million pounds ($ 217 million). The company expects annual profit at the lower boundary in the projected range 300-332 million pounds.
Mediaset shares lost 4.1% in value. Mediaset net loss in the third quarter was 88.4 million euros, compared with a net profit of 1.4 million euros in the same quarter a year earlier.
Quotes Vivendi rose by 1.3% due to lower profits for the second quarter by 2.6% in annual terms - up to 665 million euros compared to the forecast of the market in 598 million euros.
Asian stocks gained as a rebound in financial shares tempered declines at industrial and raw- material companies. China’s once-in-a-decade meeting to choose new leaders draws to a close today.
Nikkei 225 8,664.73 +3.68 +0.04%
S&P/ASX 200 4,388.37 +8.56 +0.20%
Shanghai Composite 2,055.42 +7.53 +0.37%
Sharp Corp. surged 7.2 percent as Kyodo News reported Intel Corp. may invest as much as 40 billion yen ($500 million) in the Japanese TV maker.
Iluka Resources Ltd. fell 6.4 percent in Sydney after Goldman Sachs Group Inc. advised selling shares of the world’s biggest zircon producer, citing lower mineral sands prices.
China Construction Bank Corp. rose 2.3 percent in Hong Kong as the Financial News reported the nation’s second-largest lender by assets said it can keep non-performing loans under control even as economic growth slows.
Asian stocks fell to a two-month led by banking shares and developers after Australia’s business confidence deteriorated and on a report China may expand a property tax trial.
Nikkei 225 8,661.05 -15.39 -0.18%
S&P/ASX 200 4,379.8 -68.23 -1.53%
Shanghai Composite 2,047.89 -31.39 -1.51%
Westpac Banking Corp. dropped 1.7 percent in Sydney.
QBE Insurance Group Ltd. sank 6.1 percent as analysts cut ratings for Australia’s biggest insurer after lowered its profit forecast.
Shimao Property Holdings Ltd. led Chinese developers lower in Hong Kong. Petrochina Co. slid 1.7 percent as oil prices declined.
European stocks climbed, halting a four-day decline for the benchmark Stoxx Europe 600 Index, as yields on benchmark Spanish bonds slipped amid speculation that the country’s government will soon ask for a bailout.
Euro-area finance ministers gave Greece an extra two years to cut its budget deficit to 2 percent of gross domestic product, pledging to plug the resulting financing gap to prevent the country from leaving the single currency.
Finance ministers put off until Nov. 20 a decision on how to cover additional Greek needs of as much as 32.6 billion euros ($41 billion) and left unclear whether the International Monetary Fund will continue to contribute. IMF Managing Director Christine Lagarde disagreed with a decision by the representatives of the 17-nation currency zone to postpone the goal of getting Greece’s debt down to 120 percent of GDP by two years, until 2022.
National benchmark indexes gained in 14 of 18 western- European markets today. France’s CAC 40 (CAC) rose 0.6 percent, while the U.K.’s FTSE 100 advanced 0.3 percent. Germany’s DAX climbed less than 0.1 percent.
UniCredit SpA climbed 4.4 percent to 3.52 euros. Italy’s biggest bank reported third-quarter profit that beat analysts’ estimates after a record loss a year earlier because of writedowns. Net income increased to 335 million euros, compared with a net loss of 10.6 billion euros a year earlier when the Milan-based lender booked goodwill impairments of 8.7 billion euros. Profit surpassed the 99 million-euro average estimate of 13 analysts.
EON slumped 12 percent to 14.64 euros, its biggest retreat in 20 years, after saying its forecast of 3.2 billion euros to 3.7 billion euros of underlying net income next year “no longer seems achievable” because gas-fired power plants aren’t making money. The company also said it will consider cutting dividend payments.
Vodafone slid 2.5 percent to 162.5 pence as the announcement of the 5.9 billion-pound ($9.4 billion) impairment outweighed its decision to start a 1.5 billion-pound buyback plan. Verizon Wireless will pay an $8.5 billion dividend to its co-owners, Vodafone and Verizon Communications Inc., by the end of 2012, enabling Vodafone to finance the share buyback.
K+S AG sank 4.5 percent to 34.29 euros. Europe’s largest potash maker said it expects sales and profit in 2012 to only reach the bottom of its targeted range as delays on Chinese and Indian contracts restrain market prices for fertilizer.
Yesterday session, the major U.S. stock indexes started and ended in the red, but in the middle of trading were able to retreat from session lows thanks to some concerns about the weakening of the situation in Europe, as well as a strong quarterly report from the company Home Depot (HD).
Reduce concerns about the situation in Europe contributed to the words of the Minister of Finance of Greece, who said that the talks with the troika of international lenders were constructive and that he expects to receive a final positive decision regarding the provision of the next tranche of financial aid to 20 November.
In turn, a quarterly report of Home Depot (HD) was slightly better than expected, in addition, the company raised its outlook on the financial performance for the next year. Market participants perceived strong quarterly report Home Depot, which is the largest network in the world for the sale of tools for repairing and building materials, as an additional signal of stabilization and even improvement in the U.S. housing market.
However, the prerequisites for significant growth index is not: even if a positive decision on the allocation of a new tranche of financial aid, it does not solve the problems of Greece, and the report of one of the many companies, albeit rather large and important from the point of view of the situation in the real estate market, does not substantially alter the overall picture of the current season of quarterly reports, which is quite disappointing.
Market nervousness adds the problem of "fiscal cliff" in the United States. After his re-election President Obama has been actively engaged in this issue, but so far no results, and the continued high chance that a compromise on this issue can not be achieved. The result will be a decline in U.S. GDP growth to 0.5% and an increase in unemployment to 9%. In any case, the forward-looking voices Congressional Budget Office. Although the true negative effect of the "fiscal cliff" may be more significant.
Most of the components of the index DOW declined. Maximum loss incurred stock Microsoft (MSFT, -3.88%), which provides the pressure leaving the company one of the top managers. Shares rose more than other The Home Depot (HD, +3.91%), which are due to a strong quarterly report today updated the historical maximum.
Most sectors of the S & P is in the red. Below is the rest of the basic materials sector (-0.8%). The leaders of the sector of consumer goods (+0.3%) and utilities (+0.3%).
At the close:
Dow 12,756.18 -58.90 -0.46%
Nasdaq 2,883.89 -20.37 -0.70%
S&P 500 1,374.53 -5.50 -0.40%
Change % Change Last
Nikkei 225 8,661.05 -15.39 -0.18%
S&P/ASX 200 4,379.8 -68.23 -1.53%
Shanghai Composite 2,047.89 -31.39 -1.51%
FTSE 100 5,786.25 +18.98 +0.33%
CAC 40 3,430.6 +18.95 +0.56%
DAX 7,169.12 +0.36 +0.01%
Dow 12,756.18 -58.90 -0.46%
Nasdaq 2,883.89 -20.37 -0.70%
S&P 500 1,374.53 -5.50 -0.40%
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