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Analytics, News, and Forecasts for CFD Markets: stock news — 16-10-2012.
European stocks rose as two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe’s rescue fund, and German investor confidence advanced more than expected in October.
Germany is open to Spain seeking a precautionary credit line from Europe’s rescue fund, two senior coalition lawmakers said. The comments by Michael Meister, a deputy caucus leader of Chancellor Angela Merkel’s Christian Democratic bloc, and Norbert Barthle, her party’s budget spokesman, signal a reversal of Finance Minister Wolfgang Schaeuble’s position that Germany is opposed to a full sovereign bailout for Spain.
FTSE 100 5,870.54 +64.93 +1.12%, CAC 40 3,500.94 +80.66 +2.36%, DAX 7,376.27 +115.02 +1.58%
BNP Paribas SA and Deutsche Bank AG paced gains among banking shares. Deutsche Bank and Commerzbank gained 5.1 percent to 34.60 euros and 4.1 percent to 1.56 euros, respectively.
Rio Tinto gained 2.7 percent to 3,053 pence. The company reported a 6 percent increase in third-quarter iron-ore output to 52.6 million metric tons, beating the mean analyst estimate of 50.65 million tons. Iron-ore output from Australia’s Pilbara region rose to a quarterly record.
GKN Plc fell 3.3 percent to 205 pence after the maker of car drive shafts warned that weakening demand in some European automotive and industrial markets will affect fourth- quarter profit.
U.S. stock-index futures advanced amid better-than-forecast earnings and data that showed that industrial production increased last month more than expected.
Global Stocks:
Nikkei 8,701.31 +123.38 +1.44%
Hang Seng 21,207.07 +58.82 +0.28%
Shanghai Composite 2,098.81 +0.11 +0.01%
FTSE 5,857.04 +51.43 +0.89%
CAC 3,464.61 +44.33 +1.30%
DAX 7,357.22 +95.97 +1.32%
Crude oil $92.10 +0,27%
Gold $1743.10 +0.32%
European stock markets have reacted to the increasing data on the index of business sentiment in Germany from the environment institute ZEW, index is in negative territory, but above the predicted level (-11.5 -14.6 forecast).
Also due to the decline in yield at the auction of state bonds of Spain, held today.
International rating agency Standard & Poor's downgraded the ratings of 11 Spanish banks and short-term ratings of four financial institutions, and also placed in the list to review downward the ratings of six more banks.
The course of trading today, may stat data from the U.S..
FTSE 100 5,834.12 +28.51 +0.49%
CAC 40 3,431.55 +11.27 +0.33%
DAX 7,302.1 +40.85 +0.56%
Shares of Rio Tinto Group gained 1.2% after the mining company has published data on the volume of iron ore in the third quarter, which were above analysts' forecasts. Paper GKN Plc declined by 3.6% due to a decrease in the forecast for sales in Europe.
Asian stocks rose, with the regional benchmark index headed for the biggest gain in two weeks, as exporters advanced after the U.S. reported better-than-expected retail sales. Asian banks followed gains among U.S. banks after Citigroup unexpectedly reported a third-quarter profit and a surge in bond-trading revenue. Financial shares accounted for 28 percent of the advance in the MSCI Asia Pacific Index today.
Nikkei 225 8,701.31 +123.38 +1.44%
S&P/ASX 200 4,491.5 +8.07 +0.18%
Shanghai Composite 2,095.19 -3.51 -0.17%
Samsung Electronics Co., which gets a fifth of its sales in Americas, rose 2.3 percent in Seoul.
Mizuho Financial Group Inc., Japan’s third-largest bank by market value, gained 1.6 percent, pacing gains among lenders after Citigroup Inc.’s profit beat estimates.
Softbank Corp. jumped 9.6 percent after Japan’s third-largest mobile-phone company agreed to acquire 70 percent of Sprint Nextel Corp. for $20.1 billion.
Asian stocks swung between gains and losses as concern that a global economic slowdown is weighing on earnings was offset by China reporting better-than-expected exports and the slowest inflation rate in two years.
Nikkei 225 8,577.93 +43.81 +0.51%
S&P/ASX 200 4,483.4 -3.18 -0.07%
Shanghai Composite 2,090.81 -14.12 -0.67%
ZTE Corp., China’s second-largest maker of telephone equipment, plunged 15 percent after saying it expects a third- quarter loss.
Samsung Electronics Co., which gets 28 percent of its revenue in China, added 1 percent in Seoul.
Renesas Electronics Corp., the world’s largest microcontroller maker, jumped 14 percent in Tokyo after people familiar with the matter said it may be acquired.
Softbank Corp. dropped 4.1 percent as three people familiar with the talks said Japan’s third-largest mobile-phone company is close to an agreement to buy a 70 percent stake in Sprint Nextel Corp.
European stocks climbed amid an increase in mergers-and-acquisition activity and as a U.S. report showed retail sales rose more than forecast in September.
Today’s U.S data showed retail sales climbed 1.1 percent in September, beating the median economist forecast for a 0.8 percent gain. That followed a revised 1.2 percent increase in August, the Commerce Department figures showed today
National benchmark indexes gained in 15 of the 18 western European markets. The U.K.’s FTSE 100 rose 0.2 percent, France’s CAC 40 climbed 0.9 percent, while Germany’s DAX advanced 0.4 percent.
Orkla gained 3.4 percent to 46.75 kroner after the company and Norsk Hydro agreed to combine units to provide aluminum profiles, building systems and tubing in North America and Europe.
Douglas jumped 8.1 percent to 37.62 euros, the biggest increase since Jan. 12, after Advent made an offer of 38 euros per share for the German cosmetics retailer via investment vehicle Beauty Holding Three AG.
Hennes & Mauritz AB gained 2 percent to 233.8 kronor after Europe’s second-largest clothing retailer reported a 15 percent increase in total sales for September. Like-for-like sales climbed 6 percent.
Rio Tinto Group, the world’s third-largest mining company, slipped 1.6 percent to 2,973.5 pence after Goldman Sachs Group Inc. cut its 12-month estimate on copper prices by 11 percent on concern demand from China will slow.
Anglo American Plc fell 2 percent to 1,788.5 pence, while Bumi Plc tumbled 12 percent to 245.3 pence.
U.S. stocks were up against published data on retail sales, which are up to September rose by 1.1% vs. 0.7%, and the value for August at 0.9%.
Investors reacted positively to the quarterly financial report published by Citigroup. According to the report, the bank's profit in the 3rd quarter fell to $ 468 million or $ 0.15 per share, compared to $ 3.77 billion, or $ 1.23 a year earlier. At the same time, except for the one-off balance sheet items, profit was $ 1.06 per share, versus the average forecast of $ 0.99. Citigroup shares gained 5.4%.
Indexes are supported Commissioner Olli Rehn, who said that "the negotiations with Greece should be completed by mid-November," and it was said that Athens could be given more time to implement reforms. Rehn also said that he is confident in the ability of Spain to reform.
Some support was also provided indices released today data on inflation in China that support investors' hopes for new stimulus measures from the authorities of the country to support the national economy. Data released today registered a decline inflation in China in September to a level 1.9% y / y vs. 2.0% in August values. Reduce inflationary pressure allows the PBOC to continue to pump up the economy with liquidity in order to stimulate economic growth. However, it is worth noting that the new measures are likely to be taken no earlier than a month, when there will be a planned change of power in China.
Temporary pressure on the index was published data on the change in inventories, which are up to August rose 0.6% against expectations of 0.5% and the value for July at 0.8%.
Most of the components of the index showed an increase DOW. Against the background of the quarterly report Citi in the DOW index leading shares Bank of America (BAC, +3.40%). Fell more than the rest in the stock price AT & T (T, -1.11%).
All major sectors are in positive territory. Maximum growth was the health sector (+1.2%).
Manufacturer of tires and wheels for Titan International jumped 5.4% after analysts at Jefferies & Co upgraded the stock from "hold" to "buy."
At the close:
Dow 13,424 +95 +0.71%
Nasdaq 3,064 +20 +0.65%
S & P 500 +0.80% 1.440 11
Change % Change Last
Nikkei 225 8,577.93 +43.81 +0.51%
S&P/ASX 200 4,483.4 -3.18 -0.07%
Shanghai Composite 2,090.81 -14.12 -0.67%
FTSE 100 5,805.61 +12.29 +0.21%
CAC 40 3,420.28 +31.20 +0.92%
DAX 7,261.25 +28.76 +0.40%
Dow 13,424 +95 +0.71%
Nasdaq 3,064 +20 +0.65%
S&P 500 1,440 +11 +0.80%
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