European stocks advanced to their highest level since March as U.K. retail sales beat forecasts and U.S. building permits jumped to their highest in four years.
Novozymes A/S (NZYMB), the world’s biggest maker of industrial enzymes, gained 4.8 percent after reporting second-quarter profit that exceeded analysts’ projections. Mediaset SpA (MS) surged 11 percent amid reports Middle East investors are buying shares in the Italian broadcaster. Telekom Austria AG (TKA) slid 5.6 percent after cutting its profit and sales forecast for 2012.
The Stoxx Europe 600 Index (SXXP) rose 0.3 percent to 271.09 at 4:30 p.m. in London, its highest level since March 19.
National benchmark indexes advanced in 15 of the 18 western European markets.
FTSE 100 5,834.51 +1.47 +0.03% CAC 40 3,480.49 +31.29 +0.91% DAX 6,996.29 +49.49 +0.71%
Novozymes climbed 4.8 percent to 158 kroner after posting second-quarter net income of 495 million kroner ($82 million), exceeding analyst estimates of 483 million kroner.
Tesco Plc advanced 1.7 percent to 338.3 pence after British retail sales beat forecasts. Marks & Spencer Group Plc added 1.6 percent to 360 pence and Home Retail Group Plc gained 4.1 percent to 93 pence.
African Barrick Gold Plc (ABG) surged 8 percent to 425 pence after Toronto-based parent Barrick Gold Corp. said it has held talks to sell its stake in the company to China National Gold Group Corp.
Hikma Pharmaceuticals Plc (HIK) jumped 3.4 percent to 749.5 pence after reiterating its projection for 20 percent sales growth in 2012. First-half revenue rose 35 percent to $532.3 million from a year earlier, the company said.
Mediaset SpA surged 11 percent to 1.57 euros on speculation investors from the Middle East are buying the Italian broadcaster’s shares and may seek to become the company’s second-biggest shareholder.
Bankia jumped 17 percent to 1.40 euros. Banco Popular Espanol SA (POP) surged 15 percent to 1.72 euros.
Telekom Austria declined 5.6 percent to 6.94 euros as a gauge of telecommunications companies dropped. The mobile-phone operator predicted full-year revenue of 4.2 billion euros ($5.2 billion), compared with a forecast of 4.4 billion euros in June.
Vodafone Plc, the world’s second-largest mobile-phone company, lost 1.7 percent to 185.6 pence.
William Demant plunged 7.5 percent to 515 kroner after reporting first-half Ebit of 864 million kroner. That missed the median analyst estimate of 935 million kroner.
Lonmin Plc (LMI) plunged 6.8 percent to 648 pence, dropping for a fourth day. The third-biggest platinum producer said Chief Executive Officer Ian Farmer had been hospitalized with a serious illness and the company may miss output targets as a strike cut production.
U.S. stock-index futures advanced as data showed building permits jumped to the highest level in four years during July.
New-home construction in the U.S. fell 1.1%, Commerce Department figures showed today in Washington. Building permits rose to an 812,000 pace, the most since August 2008.
Jobless claims climbed by 2,000 to 366,000 in the week ended Aug. 11, Labor Department figures showed.
Global Stocks:
Nikkei 9,092.76 +167.72 +1.88%
Hang Seng 19,962.95 -89.34 -0.45%
Shanghai Composite 2,112.2 -6.75 -0.32%
FTSE 5,825.96 -7.08 -0.12%
CAC 3,450.36 +1.16 +0.03%
DAX 6,960.61 +13.81 +0.20%
Crude oil $94.54 +0,22%
Gold $1609.40 +0.17%
Фьючерсы снова указывают на спокойные торги в течении грядущей сессии. На фоне сезона отпусков объемы на рынке остаются сниженными.
Поддержку фьючерсам оказывает сильный квартальный отчет Cisco Systems (CSCO). Опубликованные макроэкономические данные оказались смешанными, поэтому существенного влияния на динамику фьючерсов не оказали.
Рост фьючерсов сдерживают смешанные квартальные данные от Wal-Mart (WMT).
После начала торгов будет опубликован производственный индекс ФРБ Филадельфии.
American Express (AXP) initiated with a Neutral at Janney Montgomery Scott.
European stock indexes fell slightly after the recent rally.
Today the market in anticipation of the publication of data on the labor market and real estate in the U.S., which will be published at 15.30 on Kiev, as well as the production index of the Federal Reserve Bank of Philadelphia in 1700 Kiev.
At the moment:
FTSE 100 5,825.62 -7.42 -0.13%
CAC 40 3,448.36 -0.84 -0.02%
DAX 6,950.29 +3.49 +0.05%
Shares of Telekom Austria AG (TKA) fell 5.9% after declining earnings and sales forecast for 2012.
Asian stocks rose, with the region’s benchmark index poised to erase yesterday’s decline, after Chinese Premier Wen Jiabao said easing inflation allows more room to adjust monetary policy in the world’s second-largest economy. China’s state television reported Wen as saying there’s “growing room for monetary policy operation.” He said downward pressure on the economy remained “relatively large,” according to state radio.
Nikkei 225 9,092.76 +167.72 +1.88%
Asian stocks fell a third time in four days as earnings at China Aerospace International Holdings Ltd. disappointed investors and steelmakers slid after the world’s biggest ore producer said China’s golden years of growth are over.
Nikkei 225 8,925.04 -4.84 -0.05%S&P/ASX 200 4,281.2 -10.97 -0.26%
Shanghai Composite 2,118.94 -23.58 -1.10%
China Aerospace slumped 5.3 percent in Hong Kong after the maker of liquid-crystal displays said first-half profit probably dropped.
Kobe Steel Ltd. and other makers of industrial materials declined after an official at Vale SA said China’s growth is slowing.
Great Wall Motor Co. slid 3.7 percent after Australia’s consumer protection agency said asbestos was found in cars made by the Chinese automaker.
European (SXXP) stocks were little changed, after the Stoxx Europe 600 reached its highest level in almost five months yesterday, as a worse-than-expected manufacturing report for the New York area revived hopes the Federal Reserve will act to stimulate the economy.
The Stoxx 600 lost 0.1 percent to 270.35 at the close of trading.
European stocks rallied for the last 10 weeks amid better-than-expected company earnings and speculation policy makers from will do more to stimulate the economy. The Stoxx 600 climbed yesterday as a report showed German growth slowed less than forecast.
National benchmark indexes declined in eight of the western-European markets that were open today.
FTSE 100 5,833.04 -31.74 -0.54% CAC 40 3,449.2 -1.07 -0.03% DAX 6,946.8 -27.59 -0.40%
A gauge of European mining companies posted the worst performance of the 19 industry groups in the Stoxx 600.
Iron-ore prices dropped to the lowest since Dec. 2009 yesterday on slower growth in China, the biggest user of the raw material, and a weaker outlook for the global economy.
Rio Tinto lost 3.4 percent to 3,038 pence, contributing the most to the Stoxx 600’s decline, while BHP Billiton Plc fell 2.3 percent to 1,936.5 pence.
Eurasian Natural Resources (ENRC) slid 8.5 percent to 379.6 pence, its biggest decline since Sept. 22. First-half sales of $3.25 billion missed the average $3.4 billion analyst estimate, and the company said the market will remain volatile with uncertain pricing. Net income for the period fell 60 percent to $463 million.
Imperial Tobacco Group Plc (IMT) lost 1.7 percent to 2,489 pence. Australia will become the first country to require cigarettes to be sold in uniform packages after its top court rejected a challenge from tobacco companies, setting a precedent for other nations to follow.
Vodafone Group Plc (VOD) fell 1 percent to 188.75 pence after Bank of America Corp. cut the world’s second-biggest mobile- phone company to neutral, the equivalent of hold, from buy.
FirstGroup Plc (FGP) slumped 6.1 percent to 243.2 pence. The company won a U.K. Department for Transport contract to operate the new InterCity West Coast rail franchise, which links London with Scotland, until 2026. Shares had gained 7.6 percent in the last five sessions after reports that it may win the contract.
Standard Chartered increased 4.1 percent to 1,426.5 pence.
Nokia Oyj (NOK1V) rallied 3.4 percent to 2.08 euros. The company will keep Windows as its smartphone platform, citing Chief Executive Officer Stephen Elop.
After a multi-directional trading began major U.S. stock indices ended the session third consecutive session on the dynamics of a mixed background of concerns of investors about the U.S. and Europe.
Against the background of the holiday season volumes on the market are reduced. Published macroeconomic data were more negative than neutral. However, a significant impact on the dynamics of trading has not published statistics.
Among the published data it is worth noting the index of activity in the manufacturing sector from the Federal Reserve Bank of New York, which went up in August at -5.9 points vs. 6.7 points.
Investor's in no hurry to open positions, waiting for additional information that will determine what further actions by central banks, in particular the ECB and the Fed.
Inhibit the growth of the index did not meet expectations quarterly results from the manufacturer of agricultural machinery Deere (DE).
It is worth noting that despite the lack of fundamental reasons, which would have justified the August increase in the index, is very likely correct. Spoke in favor of this deterioration in the global economy against the background waiting position of central banks, as well as the relatively weak quarterly results of many companies.
As part of the index components DOW demonstrate mixed performance. Over the rest of the shares rose in price Cisco Systems (CSCO, +1,34%). Below are the remaining shares of Boeing Co. (BA, -1,06%).
Branches in the context of all major sectors of the index S & P show mostly positive momentum. Leading the service sector and health sector, which show an increase of 0.4%. Most of all public utilities sector fell (-0.3%).
At the time of closure:
Dow 13,164.78 -7.36 -0.06%
Nasdaq 3,030.93 +13.95 +0.46%
S & P 500 1,405.53 +1.60 +0.11%Change % Change Last
Nikkei 225 8,925.04 -4.84 -0.05%
S&P/ASX 200 4,281.2 -10.97 -0.26%
Shanghai Composite 2,118.94 -23.58 -1.10%
FTSE 100 5,833.04 -31.74 -0.54%CAC 40 3,449.2 -1.07 -0.03%
DAX 6,946.8 -27.59 -0.40%
Dow 13,164.78 -7.36 -0.06%
Nasdaq 3,030.93 +13.95 +0.46%
S&P 500 1,405.53 +1.60 +0.11%
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