Analytics, News, and Forecasts for CFD Markets: stock news — 16-07-2012.

European stocks rose for a second day, extending the Stoxx Europe 600 Index’s longest stretch of weekly gains in more than two years, as manufacturing in the New York region expanded more than forecast.

German Chancellor Angela Merkel said yesterday she hadn’t softened her stance at last month’s summit in Brussels and that a so-called banking union involving a bloc-wide financial overseer will have to include joint oversight on a “new level.”

National benchmark indexes rose in 11 of the 18 western European markets today. Sweden’s OMX Stockholm 30 increased 0.7 percent and Germany’s DAX climbed 0.1, while the U.K.’s FTSE 100 and France’s CAC 40 fell less than 0.1 percent.

SEB rallied 8.2 percent to 49 kronor, the biggest increase since May 2010. The Stockholm-based bank said second-quarter net income declined to 3.01 billion kronor ($427 million) from 3.36 billion kronor a year earlier, exceeding the average estimate of 13 analysts.

G4S slid 8.7 percent to 254.6 pence as the company estimated its loss on the Olympics contract will be 35 million pounds to 50 million pounds. The U.K. government had to assign 3,500 extra soldiers to Olympic venues last week as G4S said it couldn’t train enough guards.

Resistance of 3:1410 (high of May)

Resistance of 2:1375 (high of July)

Resistance 1:1352 / 56 (area of Jul 10 and 13 highs)

Current Price: 1344.00

Support 1:1343 (session low)

Support 2:1330 (Jul 13 low)

Support 3:1320 (Jul 12 low, 50,0% FIBO 1265-1375)

U.S. stock-index futures maintained losses on the data that showed an unexpected decrease in retail sales.
U.S. stocks rose last week as a rally in JPMorgan Chase & Co. and speculation China will boost stimulus measures tempered concern about earnings and the global economy.
China’s Premier Wen Jiabao warned the momentum for a recovery in economic growth isn’t yet in place and that “difficulties” may persist for a while.

Global Stocks:

Hang Seng 19,121.34 +28.71 +0.15%
Shanghai Composite 2,147.96 -37.94 -1.74%
FTSE  5,664.53 -1.60 -0.03%
CAC  3,169.93 -10.88 -0.34%
DAX 6,546.06 -11.04 -0.17%
Crude oil $87.02 (-0,09%)
Gold $1588.60 (-0.21%)

3M (MMM) upgraded to Overweight from Equal-Weight at Morgan Stanley.
General Electric (GE) downgraded to Equal-Weight from Overweight at Morgan Stanley.
Exxon Mobil (XOM) downgraded to Hold from Buy at Deutsche Bank.

During the session, the euro fell below $ 1.22 against the dollar after German Chancellor Angela Merkel said she had not softened his position on the measures for the five EU countries that have requested international assistance. Also on the depreciation of the affected data from the EU. The rate of inflation in the euro zone was 2.4% in June, unchanged from last month. Indekc investor confidence in Germany, the region's largest economy, fell to -20 this month to -16.9 in June. Also, the data showed that the surplus in trade balance seasonally adjusted increase in May.

The euro fell to a six-week low against the yen after data on inflation in Europe in June pointed to signs of stagnation in June, which adds to concerns about the fact that the EU economy could enter into a state of recessive second time in three years.

The pound against the dollar during the entire session is rapidly declining, but in the last couple of hours a couple of shows a slight increase on the eve of release of data on retail sales in the U.S., which is expected to grow.

Macroeconomic data on euro area consumer price index showed no increase in inflation. However, markets continue to be under pressure from the debt crisis in the eurozone.

We also learned that the public debt of Italy, in May increased by 17.1 billion euros to 1.966 billion euros.

The focus is market data on retail sales in the U.S., which will be published today at 12:30 GMT, and is also expected this week, corporate accountability, and the speech of the U.S. Federal Reserve Chairman Ben Bernanke. At the moment:

FTSE 100 5,653.37 -12.76 -0.23%

CAC 40 3,171.25 -9.56 -0.30%

DAX 6,544.18 -12.92 -0.20%

Shares of the Swedish bank SEB's second largest lender in the Baltic countries grew by 6.7% after earnings exceeded the income of the bank's analysts' estimates. G4S Plc shares have fallen by 7%, as the world's largest security company said it may be subject to loss of $ 78 million in connection with the failure to provide enough security guards to ensure the safety of the Olympic Games.

Asian stocks rose after Premier Wen Jiabao said China will increase measures to support growth in the world’s second-largest economy. Gains were limited amid concern about falling profits for Asian companies.

Nikkei 225 8,724.12 +4.11 +0.05%

S&P/ASX 200 4,105.1 +22.85 +0.56%

Shanghai Composite 2,147.96 -37.93 -1.74%

Guangzhou R&F Properties Ltd., a developer in the southern Chinese city, advanced 4.9 percent in Hong Kong.

Whitehaven Coal Ltd. soared 18 percent after Australian mining magnate Nathan Tinkler offered to buy out the rest of the coal producer.

Daekyung Machinery & Engineering Co. fell 8.3 percent in Seoul after a shipmaker dropped its bid for the chemical machinery maker.

ZTE Corp., a Chinese telecommunications equipment maker, slumped 16 percent after saying first-half profit may plunge 80 percent.

Asian stocks rose, with the benchmark index poised to snap six days of losses, on speculation policy makers will do more to support growth after China reported the slowest expansion in three years, South Korea cut its outlook and Singapore said its economy shrank.

Nikkei 225 8,724.12 +4.11 +0.05%

Hang Seng 19,092.63 +67.52 +0.35%

S&P/ASX 200 4,082.25 +14.28 +0.35%

Shanghai Composite 2,185.9 +0.40 +0.02%

Hyundai Motor Co., South Korea’s biggest carmaker, rose 3.4 percent after workers agreed to resume wage negotiations, averting a threatened a strike.

Belle International Holdings Ltd., a women’s shoe retailer that gets most of its revenue from China, climbed 3.8 percent in Hong Kong after reporting sales jumped.

Dentsu Inc., a Japanese advertising company, sank 7 percent after agreeing to buy Britain’s Aegis Group Plc.

Chinese airlines rose after the Shanghai Daily reported the government may set up investment companies to buy airline stakes