Stock indices closed slightly higher after the better-than-expected GDP data from Eurozone. Eurozone's consumer price index was flat in October, in line with expectations, after a 0.4% gain in September.
On a yearly basis, Eurozone's consumer price inflation remained unchanged at 0.4% in October, in line with expectations.
Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco fell to an annual rate of 0.7% in October from 0.8% in September.
Eurozone's preliminary gross domestic product (GDP) increased 0.2% in the third quarter, exceeding expectations for a 0.1% rise, after a 0.1% gain in the second quarter.
Germany's preliminary GDP gained 0.1% in the third quarter, in line with expectations, after a 0.1% decline in the second quarter. The second quarter's figure was revised up from a 0.2% drop.
France's preliminary GDP increased 0.3% in the third quarter, beating expectations for a 0.1% gain, after a 0.1% decrease in the previous quarter. The second quarter's figure was revised down from a flat reading.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,647.62 +12.17 +0.18%
DAX 9,252.94 +4.43 +0.05%
CAC 40 4,202.46 +14.51 +0.35%
U.S. stock-index rose slightly as data showed retail sales rose more than estimated last month in a signal consumer spending may continue to improve into the holiday shopping season.
Global markets:
Nikkei 17,490.83 +98.04 +0.56%
Hang Seng 24,087.38 +67.44 +0.28%
Shanghai Composite 2,479.18 -6.42 -0.26%
FTSE 6,623.97 -11.48 -0.17%
CAC 4,192 +4.05 +0.10%
DAX 9,233.36 -15.15 -0.16%
Crude oil $74.61 (-3.36%)
Gold $1148.70 (-1.09%)
(company / ticker / price / change, % / volume)
| Goldman Sachs | GS | 190.25 | +0.01% | 0.5K |
| Walt Disney Co | DIS | 90.52 | +0.03% | 0.8K |
| Verizon Communications Inc | VZ | 51.23 | +0.06% | 14.6K |
| Visa | V | 251.10 | +0.07% | 2.9K |
| Pfizer Inc | PFE | 30.44 | +0.07% | 3.1K |
| The Coca-Cola Co | KO | 42.82 | +0.07% | 0.4K |
| Cisco Systems Inc | CSCO | 25.70 | +0.08% | 7.9K |
| Exxon Mobil Corp | XOM | 94.74 | +0.08% | 0.6K |
| Intel Corp | INTC | 33.71 | +0.09% | 22.3K |
| General Electric Co | GE | 26.45 | +0.11% | 3.7K |
| JPMorgan Chase and Co | JPM | 60.30 | +0.12% | 0.5K |
| AT&T Inc | T | 35.66 | +0.14% | 1.0K |
| Procter & Gamble Co | PG | 88.80 | +0.23% | 2.1K |
| Boeing Co | BA | 128.53 | 0.00% | 1.0K |
| Johnson & Johnson | JNJ | 109.07 | 0.00% | 0.2K |
| American Express Co | AXP | 91.06 | -0.01% | 0.6K |
| Microsoft Corp | MSFT | 49.60 | -0.02% | 7.3K |
| McDonald's Corp | MCD | 95.38 | -0.10% | 0.1K |
| United Technologies Corp | UTX | 108.00 | -0.13% | 0.2K |
| International Business Machines Co... | IBM | 162.35 | -0.27% | 4.2K |
| Wal-Mart Stores Inc | WMT | 82.60 | -0.41% | 9.9K |
| Nike | NKE | 95.44 | -0.71% | 5.9K |
| Chevron Corp | CVX | 115.60 | -0.73% | 4.0K |
Upgrades:
Downgrades:
Other:
Visa (V) target raised to $305 from $241 at Pacific Crest
Yahoo! (YHOO) target raised to $60 from $60 at FBR Capital
European stock indices are trading lower today after early session gains for the DAX and CAC 40.
UK's FTSE 100 index is down -0.17% trading at 6,624.20 points. Germany's DAX 30 lost -0.32% currently trading at 9,218.48 points and France's CAC 40 is trading at 4,187.20 points, a small loss of 0.02%.
Preliminary data on euro zone, German and French GDP, Euro zone's largest economies, was published earlier in the day. French GDP quarter on quarter beat forecasts by 0.2% with a plus of 0.3%, Germany's GDP was in lines with expectations at +0.1%. French preliminary Non-Farm Payrolls are down -0.2% with a forecast of +0.2%. Euro zone's preliminary GDP beat forecasts quarter on quarter by 0.1% being at 0.2% and by 0.2% on a yearly basis being at 0.8%.
FTSE 100 index is currently trading with a -0.10% loss at 6,628.73 points whereas Germany's DAX 30 gained +0.24% trading at 9,270.24 points and France's CAC 40 won +0.26% currently quoted at 4,198.95.21 points after preliminary data on German and French GDP, euro zones largest economies, was published. French GDP quarter on quarter beat forecasts by 0.2% with a plus of 0.3%, Germany's GDP was in lines with expectations at +0.1%. French preliminary Non-Farm Payrolls are down -0.2% with a forecast of +0.2%. Data on euro zone GDP is scheduled for 10:00 GMT.
The DOW Jones and S&P 500 were continued to rise in yesterday's trading session. The DOW Jones closed at 17,652.79, a plus of 0.23% scoring a new record high boosted by Wal-Mart gains whereas the S&P500 closed little changed with a plus of +0.05% at 2,039.33 points, weighed down by energy shares.
Hong Kong's Hang Seng was up 0.22%, China's Shanghai Composite lost -0.26% closing at 2,479.18 points on the last trading day before the start of the trading link between Honk Kong and Shanghai. Chinese data published yesterday showed a slowdown with Industrial Production growing 7.7%, below forecast at 8.0% and Fixed Asset Investment growth at 15.9% also below its forecast of 16.0%. Retail sales declined to a growth of 11.5%, the lowest rate since 2006.
Japan's Nikkei closed with a gain of +0.56% at 17,490.83 fuelled by expectations that Japan's Prime Minister Shinzo Abe will postpone the scheduled sales tax hike and rumours about snap elections being held in December.
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