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Analytics, News, and Forecasts for CFD Markets: stock news — 15-11-2012.
European stocks dropped to a two- month low as the euro area entered its second recession in four years.
A report in Luxembourg showed that the combined economy of the 17-nation euro area contracted in the third quarter. Gross domestic product fell 0.1 percent, matching the median forecast. It shrank 0.1 percent in second quarter. The second successive quarter of negative growth means that the economy has entered a recession.
National benchmark indexes declined in every western- European (SXXP) market except Spain. France’s CAC 40 slid 0.5 percent, while Germany’s DAX and the U.K.’s FTSE 100 both slipped 0.8 percent. Spain’s IBEX 35 added 0.3 percent.
Zurich Insurance declined 3.9 percent to 223.10 Swiss francs. Third-quarter profit slumped 62 percent after the insurer wrote off $550 million following a review of its general-insurance business in Germany. Net income of $477 million missed the average analyst estimate of $707.5 million.
H&M fell 3 percent to 213.10 kronor. Sales at stores open a year or more slid 5 percent last month, the company said in a statement. Richard Edwards, an analyst at Citigroup Inc. in London, had forecast sales would be unchanged.
Tesco Plc, Europe’s biggest retailer by market capitalization, slipped 1.6 percent to 316.3 pence.
U.S. stock-index futures were little changed after Wal-Mart Stores Inc. (WMT) forecast earnings that missed estimates and unemployment claims increased last week as superstorm Sandy struck.
Global Stocks:
Nikkei 8,829.72 +164.99 +1.90%
Hang Seng 21,108.93 -333.06 -1.55%
Shanghai Composite 2,030.29 -25.13 -1.22%
FTSE 5,694.57 -27.44 -0.48%
CAC 3,380.2 -19.82 -0.58%
DAX 7,033.59 -68.33 -0.96%
Crude oil $86.69 +0.43%
Gold $1724.00 -0.35%
AT&T (T) was initiated at Neutral by National Securities
Verizon (VZ) was initiated at Buy by National Securities, tgt $50
Hewlett-Packard (HPQ) was reiterated at Neutral by Mizuho, target was lovered to $17 from $15
European stocks down amid events in the U.S. and not the most positive macroeconomic data on the Eurozone.
Barack Obama has developed a plan that would avoid the "fiscal cliff." The U.S. President will insist on increasing tax revenues to $ 1.6 trillion over the next ten years. Double the amount previously agreed. These actions cause the fears of investors, as they can lead to slower economic growth.
Eurozone GDP in III quarter decreased by 0.1% with a projected decline of -0.2%. Eurozone CPI was as expected, retail sales in October in the UK fell by 0.8% (forecast -0.1%).
FTSE 100 5,705.43 -16.58 -0.29%
CAC 40 3,395.94 -4.08 -0.12%
DAX 7,071.13 -30.79 -0.43%
BP Plc shares were down 0.6%. This sparked speculation that BP, intends to plead guilty in an accident on the Deepwater Horizon in exchange for a waiver of prosecution in the future. Later, the company confirmed that negotiations with the authorities.
Capitalization of Zurich Insurance Group fell by 4.1%. Quarterly profit of Switzerland's largest insurer was below forecasts forecasts.Asian stocks outside Japan slid toward a two-month low amid concern a budget standoff in the U.S. may curb global growth. Japanese shares gained on speculation a change of government may result in more action to stimulate the economy.
Nikkei 225 8,829.72 +164.99 +1.90%
S&P/ASX 200 4,349.25 -39.12 -0.89%
Shanghai Composite 2,030.29 -25.13 -1.22%
BHP Billiton Ltd., the world’s largest mining company, fell 1.8 percent in Sydney, declining for a sixth day in its longest losing streak since July.
Tencent Holdings Ltd., China’s biggest Internet company, dropped 7 percent in Hong Kong after earnings missed estimates.
Nippon Steel & Sumitomo Metal Corp. surged 4.8 percent in Tokyo.
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.
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. 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.
Session started indices above zero, but stay in positive territory failed.
The morning was the result of the growth of futures strong quarterly report Cisco (CSCO) and data that registered a decline in inflationary pressures in the U.S.. However, it was not enough to continue the growth indices, especially in comparison with other negative news.
Markets are in a state of nervousness on the issue of "fiscal cliff" in the United States. Now each investor oversees the process of addressing this issue. The focus of market participants is now not on the corporate reports, namely, the problem of "fiscal cliff" and the associated uncertainty, which defines the situation in the markets.
Any updates on progress in addressing this issue could support the stock indices. Important negotiations on the reduction of tax benefits should go on Friday, when Obama will hold talks with the leaders of the Democratic and Republican parties.
According to published statistics, retail sales in October fell by 0.3%, while the expected decrease of 0.2%, while the previous month was an increase of 1.1%, and the change with a minus sign was recorded for the first time in 4 months.
The published minutes of the Fed almost no impact, given the fact that they did not have nothing that the market already knew. Fed officials generally gave positive assessments of the last step of buying bonds at a meeting last month. However, managers are still differences of opinion as to whether to implement a program of bond purchases in the coming year.
All components of the index DOW, except one, have fallen in price. Maximum loss suffered shares Bank of America (BAC, -3.64%). Growth could show only stock Cisco Systems (CSCO, +4.81%), which are due to a strong quarterly report today renewed a maximum of November.
All sectors of the S & P is in the red. Maximum loss showed sectors of conglomerates (-2.3%) and consumer goods (-2.3%).
Youth clothing retailer Abercrombie & Fitch soared by 34.5% as against the published statements - income was $ 71.5 million, or 87 cents per share, compared with $ 50.9 million, or 57 cents a year earlier paper with an average forecast of Wall Street at 59 cents.
At the close:
Dow 12,570.95 -185.23 -1.45%
Nasdaq 2,846.81 -37.08 -1.29%
S&P 500 1,355.49 -19.04 -1.39%Change % Change Last
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%
FTSE 100 5,722.01 -64.24 -1.11%
CAC 40 3,400.02 -30.58 -0.89%
DAX 7,101.92 -67.20 -0.94%
Dow 12,570.95 -185.23 -1.45%
Nasdaq 2,846.81 -37.08 -1.29%
S&P 500 1,355.49 -19.04 -1.39%
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