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Analytics, News, and Forecasts for CFD Markets: stock news — 14-12-2012.
European stocks closed little changed as investors watched U.S. lawmakers debate a new budget agreement to avoid automatic tax increases and spending cuts in the world’s largest economy.
U.S. President Barack Obama and House Speaker John Boehner met yesterday to discuss averting more than $600 billion of spending cuts and tax increases before a year-end deadline, with no public announcement of progress.
Industrial production in the world’s largest economy increased 1.1 percent in November, after a revised 0.7 percent drop the previous month, the Federal Reserve said today. That beat the median forecast that called for a 0.3 percent gain.
In China, a report showed manufacturing may expand at a faster pace this month. The December preliminary reading was 50.9 for a purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics. That compares with the 50.8 median projection. The Shanghai Composite Index jumped the most since October 2009 also on speculation that state-backed institutions were buying shares.
In the euro area, a preliminary report showed that a measure of manufacturing climbed to 46.3 in December, up from 46.2 in the previous month. A composite index that also includes services jumped to 47.3 this month, the highest since March, from 46.5 in November. A reading below 50 means contraction.
FTSE 100 5,921.76 -7.85 -0.13%, CAC 40 3,643.28 +0.15 0.00%, DAX 7,596.47 +14.49 +0.19%
Fiat SpA, which owns 58.5 percent in Chrysler Group LLC, dropped 1.9 percent to 3.63 euros. Il Messaggero reported that Chief Financial Officer Richard Palmer held meetings with banks on a possible capital increase to fund its acquisition of the remaining 41.5 percent of Chrysler.
Alcatel-Lucent rallied 7 percent to 91.3 euro cents after saying it will get a $2.1 billion multiyear financing commitment from Goldman Sachs and Credit Suisse. The deal “provides stabilization and enhances Alcatel-Lucent’s liquidity profile,” the company said.
Akzo Nobel advanced 7.1 percent to 48.70 euros, the biggest jump since September 2011, after PPG Industries agreed to buy its North American decorative-paints business for $1.05 billion.
ProSiebenSat.1 Media AG rallied 1.8 percent to 23.66 euros after Discovery Communications Inc. agreed to buy the German broadcaster’s northern European assets.
U.S. stock futures were little changed as data showed China’s manufacturing may expand at a faster pace and investors watched budget talks in Washington.
Global Stocks:
Nikkei 9,737.56 -5.17 -0.05%
Hang Seng 22,605.98 +160.40 +0.71%
Shanghai Composite 2,150.63 +89.15 +4.32%
FTSE 5,922.38 -7.23 -0.12%
CAC 3,637.66 -5.47 -0.15%
DAX 7,580.92 -1.06 -0.01%
Crude oil $86.26 +0.43%
Gold $1697.50 +0.05%
Exxon Mobil (XOM) was downgraded from Buy to Neutral at Goldman
Microsoft (MSFT) was initiated on Market Perform at BMO Capital Markets
European stocks began trading growth, but then changed the trend. A positive factor was the index of business activity in the manufacturing sector in China. It expects the bank HSBC. The index in December reached 50.9 points - a maximum of 14 months.
In December, the combined purchasing managers index (PMI) 17 eurozone countries in the services and manufacturing sector rose to 47.3 points compared to 46.5 points in November, according to preliminary data research group Markit Economics.
Also exceeded forecasts data on the level of business activity in the manufacturing and service sectors in France and Germany.
Mar failure to address threats to the "fiscal cliff" in the United States.
FTSE 100 5,922.54 -7.07 -0.12%
DAX 7,597.12 +15.14 +0.20%
CAC 3,640.06 -2.77 -0.08%
Alcatel-Lucent shares have risen by 13%. Telecommunications equipment attracted new loan of 1.62 billion euros from Credit Suisse and Goldman Sachs.
Share prices Akzo Nobel rose by 6.2% due to the fact that the company sold its decorative paints in North America for $ 1.05 billion U.S. PPG Industries Inc.
Asian stocks swung between gains and losses after surveys showed China’s manufacturing may accelerate this month and pessimism among Japanese producers increased. Shares in China surged by the most since January.
Nikkei 225 9,737.56 -5.17 -0.05%
S&P/ASX 200 4,583.11 +0.32 +0.01%
Shanghai Composite 2,149.77 +88.30 +4.28%
Agricultural Bank of China Ltd., the nation’s No. 3 lender, climbed 1.9 percent in Hong Kong.
Gome Electrical Appliances Holding Ltd. jumped 7.2 percent after the Chinese retailer was rated new buy at Citigroup Inc.
Largan Precision Co., a supplier of camera lenses to Apple Inc., sank 6.9 percent in Taipei on speculation shipments will slow.
Asian stocks rose, with the regional benchmark index extending its longest rally in more than three years, as Japanese exporters advanced after the yen touched an almost nine-month low versus the dollar.
Nikkei 225 9,742.73 +161.27 +1.68%S&P/ASX 200 4,582.79 -1.02 -0.02%
Shanghai Composite 2,061.48 -21.25 -1.02%
Canon Inc., the world’s biggest camera maker, climbed 2.1 percent in Tokyo as the weaker yen boosted the outlook for exporters.
Mitsubishi UFJ Financial Group Inc. rose 1.1 percent as Japan’s No. 1 lender is poised to announce the purchase of Bank of America Corp.’s stake in their Japanese private banking venture.
Chimei Innolux Corp., Taiwan’s largest maker of liquid- crystal displays, jumped 6.9 percent on a report it will return to profit next year as sales increase.
European stocks fell from an 18- month high as Federal Reserve Chairman Ben S. Bernanke said the central bank’s plan to buy $45 billion a month of Treasuries will fail to offset the effects of the fiscal cliff.
European Union finance ministers agreed to put the European Central Bank in charge of all large euro-area lenders. About 200 banks will qualify for oversight by the ECB rather than national regulators, Financial Services Commissioner Michel Barnier said in Brussels today.
At a separate meeting, euro-area ministers approved a 49.1 billion-euro ($64 billion) installment of aid to Greece. The payment forms part of the nation’s two bailouts from the EU and the International Monetary Fund. The leaders of the 27 member states began a two-day summit today.
National benchmark indexes retreated in 11 of the 18 western European markets. The U.K.’s FTSE 100 (UKX) slid 0.3 percent and Germany’s DAX declined 0.4 percent. France’s CAC 40 decreased 0.1 percent.
Deutsche Bank lost 2.7 percent to 33.35 euros after saying that increased restructuring costs will cause the bank to miss profit forecasts this quarter. The average of four analyst estimates compiled by Bloomberg had predicted net income of 509.8 million euros.
UBS AG dropped 1.1 percent to 15.08 Swiss francs after a person familiar with the matter said U.S. and U.K. regulators may fine Switzerland’s biggest bank more than $1 billion for trying to rig global interest rates. The final figure may still change, three people familiar with the investigations said.
Centamin tumbled 47 percent to 27.7 pence, its biggest drop since its initial public offering in 2001. The company said that Egyptian General Petroleum Corp. will not supply it with diesel for the Sukari gold mine until it pays a bill for $65 million. Centamin called the claim illegal.
Volvo declined 4.3 percent to 91.85 kronor after Renault sold its remaining stake in the Swedish truck maker for 12.8 billion kronor ($1.9 billion). The French carmaker disposed of a 6.5 percent holding, saying it would use the proceeds to reduce debt and invest in France, Russia and China. Renault’s shares climbed 1.5 percent to 40.22 euros.
U.S. indices started the session on zero, but after the start of trading has increased the pressure on the index.
Indices declined, despite the announcement on the eve of the Federal Reserve plans to launch next year of a new program of bond purchases in place of the final operations of Twist, giving the ECB rights monitoring of EU banks, the final decision on the allocation of the next tranche of Greece and greatly exceeded expectations data on initial applications for unemployment benefits in the U.S..
Uncertainty regarding the decision on "fiscal cliff" and fears the consequences of putting pressure on markets. Both sides of the negotiations can not find a compromise, which ultimately can cause automatic spending cuts by the U.S. and higher taxes, and it can send the world's largest economy into recession.
It is not entirely positive for the stock market is the Fed's decision yesterday to peg the monetary policy of the Fed to employment rates and inflation. The fact is that if the situation in the U.S. labor market continues to improve, albeit the pace of improvement will continue to be modest, it may increase the likelihood of the restriction of incentives to help the U.S. central bank is supporting the economy.
Most of the components of the index DOW (25 of 30) decreased in price. Below are the remaining shares Merck & Co. (MRK, -2.89%). Growth of more than 0.1% was led by Wal-Mart (WMT, +0.15%) and Caterpillar (CAT, +0.47%).
All sectors of the S & P index fell. Maximum loss showed the health sector (-0.9%).
Shares of high-tech companies Clearwire jumped 14.9% on news that the mobile operator Sprint is ready to buy the remaining shares of Clearwire for $ 2.1 billion
Quotes of the consumer electronics retailer Best Buy soared by 15.9% against the recent media reports citing informed sources that its founder, Richard Schulze (Richard Schulze) intends to make an offer for the acquisition of the company by the end of this week.
At the close:
Dow 13,170.72 -74.73 -0.56%
Nasdaq 2,992.16 -21.66 -0.72%
S & P 500 1,419.45 -9.03 -0.63%
Change % Change Last
Nikkei 225 9,742.73 +161.27 +1.68%
S&P/ASX 200 4,582.79 -1.02 -0.02%
Shanghai Composite 2,061.48 -21.25 -1.02%
FTSE 100 5,929.61 -16.24 -0.27%
CAC 40 3,643.13 -3.53 -0.10%
DAX 7,581.98 -32.81 -0.43%
Dow 13,170.72 -74.73 -0.56%
Nasdaq 2,992.16 -21.66 -0.72%
S&P 500 1,419.45 -9.03 -0.63%
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