Analytics, News, and Forecasts for CFD Markets: stock news — 16-01-2013.

U.S. stock-index futures declined as the World Bank trimmed its forecasts for global growth and JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) reported fourth-quarter earnings.

Global Stocks:

Upgrade:
eBay (EBAY) upgraded to Buy from Hold at Edward Jones

Downgrade:
Apple (AAPL) downgrade to Outperform from Sector Perform at Pacific Crest

Other:
Boeing (BA) removed from Conviction Buy List At Goldman
Apple (AAPL) target lowered to $630 from $720 at BofA/Merrill  

European stocks declined for a fifth day as the World Bank downgraded global growth forecasts and Jean-Claude Juncker, who heads the euro group of finance ministers, said the strength of the euro currency threatens the region’s economy.

The World Bank cut its global growth forecast for this year as austerity measures, high unemployment and low business confidence weigh on economies in developed nations.

The Washington-based bank yesterday projected the world economy will expand 2.4 percent, down from a June forecast of 3 percent, after growing 2.3 percent in 2012. It cut the U.S. projection by 0.5 percentage point and predicted a second year of contraction in the euro region.

Juncker late yesterday called the euro’s value “dangerously high” after the 17-nation currency this week traded above $1.34 against the U.S. dollar for the first time since February last year. The euro has risen 8.4 percent gain against the dollar in the past six months.

Companies in the euro area will probably to cut dividends to the lowest level in four years as chief executive officers stockpile cash to weather the region’s sovereign-debt crisis.

Societe Generale and Credit Agricole retreated 4.3 percent to 32.05 euros, and 3.3 percent to 7.19 euros, respectively.

Tesco dropped 1.1 percent to 345.8 pence. The U.K.’s largest grocer said it withdrew some beef products after tests by the Food Safety Authority of Ireland found some contained horse DNA. Two types of frozen beef burger sold by Tesco in both the U.K. and Ireland had horse DNA, the company said in a Jan. 15 statement on its website.

Anglo American Plc, the largest platinum producer, fell 4 percent to 1,882 pence. The African National Congress said South Africa’s government should withdraw mining licenses from the company’s Amplats unit. The business, also known as Anglo American Platinum Ltd., said yesterday that it will idle four shafts in South Africa, cutting production of the precious metal by 400,000 ounces a year and firing as many as 14,000 workers.

Lonmin Plc, the third-largest platinum producer, tumbled 4.7 percent to 329.6 pence.

FTSE 100 6,086.12 -31.19 -0.51%

CAC 40 3,690.61 -6.74 -0.18%

DAX 7,653.01 -22.90 -0.30%

Asian stocks dropped, with the regional benchmark index heading for its biggest loss since November, amid signs markets are overbought. The Nikkei 225 Stock Average slid by the most in eight months, while Chinese shares fell for the first time in three days.

Nikkei 225 10,600.44 -278.64 -2.56%

Hang Seng 23,356.99 -24.52 -0.10%

S&P/ASX 200 4,738.44 +21.89 +0.46%

Shanghai Composite 2,309.5 -16.18 -0.70%

Honda Motor Co., an automaker that gets 81 percent of its sales overseas, sank 3 percent in Tokyo as a stronger yen dimmed the outlook for exporters.

GS Yuasa Corp., a supplier of lithium batteries to Boeing Co., slumped 4.5 percent after All Nippon Airways Co. grounded its fleet of Boeing Dreamliners.

Most Asian stocks rose, with the regional benchmark index heading for the highest close since August 2011. Japanese shares gained after Bank of Japan Governor Masaaki Shirakawa said the central bank will pursue powerful monetary easing.

Nikkei 225 10,879.08 +77.51 +0.72%

S&P/ASX 200 4,716.56 -3.15 -0.07%

Shanghai Composite 2,325.68 +13.94 +0.60%

Olympus Corp., a maker of cameras and endoscopes, jumped 7.7 percent in Tokyo after Goldman Sachs Group Inc. raised the stock’s rating to buy.

Billabong International Ltd. surged 16 percent as Australia’s largest surfwear maker received a takeover offer from VF Corp. and Altamont Capital Partners.

LG Display Co. slid 3.5 percent in Seoul, pacing declines among Apple Inc. suppliers, after the Nikkei newswire reported Apple scaled back production plans for the iPhone 5.

European stocks were little changed as concern that debt-ceiling talks will harm the U.S. economy and a report showing weaker-than-forecast German growth offset Spain’s better-than-targeted sale of debt.

IG Group Holdings Plc (IGG) slipped 1.1 percent after saying first-half net trading revenue fell. SAP AG (SAP) sank the most in six months after reporting earnings that trailed estimates. Air Liquide SA dropped 1 percent after Bank of America Corp. cut its recommendation on the stock. Hennes & Mauritz AB (HMB) advanced 3.6 percent after posting sales that beat analyst forecasts.

The Stoxx Europe 600 Index (SXXP) lost less than 0.1 percent to 285.97 at the close of trading.

National benchmark indexes fell in 11 of the 18 western European markets.

FTSE 100 6,117.31 +9.45 +0.15% CAC 40 3,697.35 -10.90 -0.29% DAX 7,675.91 -53.61 -0.69%

IG Group, owner of the IG Index financial spread-betting brand, slipped 1.1 percent to 462.5 pence. The company said first-half net trading revenue fell 14 percent to 169 million pounds ($271.8 million) and pretax profit slid 21 percent to 81.1 million pounds.

SAP sank 3.9 percent to 58.70 euros, the most since July 6. The biggest maker of business-management software reported earnings trailing analysts’ estimates as it increased spending and growth in the Americas slowed. Fourth-quarter operating profit excluding some items rose about 10 percent to 1.96 billion euros, compared with analyst estimates for 2 billion euros.

Air Liquide (AI), a maker of industrial gases, fell 1 percent to 92.15 euros after Bank of America’s Merrill Lynch unit cut its recommendation to underperform from neutral, saying that the “risk/reward” at the shares’ current levels isn’t attractive.

H&M jumped 3.6 percent to 228.20 kronor. Europe’s second- largest clothing retailer reported an increase in sales that beat analysts’ estimates.

Burberry Group Plc (BRBY) advanced 4.6 percent to 1,386 pence. The U.K.’s largest luxury-goods company said third-quarter revenue increased 7 percent to 613 million pounds, exceeding the 601.4 million-pound average of analysts estimates.

Indexes finished trading mixed as market participants dominated concerns about the problem of increasing debt ceiling.

Recall that yesterday, U.S. President Barack Obama called on Congress to raise the debate without additional debt limit, as the delay in the adoption of this decision could destabilize financial markets. If Congress does not vote for a resolution to increase the limit, it would be "irresponsible" and "absurd," the president said.

Published statistics significant impact on the dynamics of trade do not have. Statistics recorded a greater than expected retail sales growth and lower inflation pressures. A separate report showed the weakness of the index of activity in the manufacturing sector of the Federal Reserve Bank of New York. Data on changes in inventories were as expected.

The focus of the market participants are quarterly reports of major companies, which will be presented later this week. In particular, it will be announced tomorrow, the financial results of the last reporting quarter a number of major banks, including JP Morgan Chase (JPM) and Goldman Sachs (GS), and the processor manufacturer Intel (INTC).

DOW index components traded mixed. At the moment, the leader shares in Microsoft Corporation (MSFT, +1.30%). Maximum loss carry stock Hewlett-Packard (HPQ, -2.42%).

To date, the sector of the S & P demonstrate a mixed trend. The maximum loss is the technology sector (-0.6%), which is under pressure from falling stock Apple (AAPL). The leader is the service sector (+0.6%)

At the close:

Dow +27.11 13,534.43 +0.20%

Nasdaq -6.72 3,110.78 -0.22%

S & P +1.62 1,472.30 +0.11%

Change % Change Last

Nikkei 225 10,879.08 +77.51 +0.72%

S&P/ASX 200 4,716.56 -3.15 -0.07%

Shanghai Composite 2,325.68 +13.94 +0.60%

FTSE 100 6,117.31 +9.45 +0.15%

CAC 40 3,697.35 -10.90 -0.29%

DAX 7,675.91 -53.61 -0.69%

Dow +27.11 13,534.43 +0.20%

Nasdaq -6.72 3,110.78 -0.22%

S&P +1.62 1,472.30 +0.11%