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Analytics, News, and Forecasts for CFD Markets: stock news — 16-11-2012.
European stocks posted their biggest weekly drop since June amid concern President Barack Obama and Congress will fail to agree on a new budget, triggering $607 billion of automatic tax increases and spending cuts.
Obama began negotiations with Democrat and Republican congressional leaders today. The president said at a press conference on Nov. 12 that Bush-era tax cuts for high earners should expire at the start of 2013. House Speaker John Boehner’s colleagues refuse to raise tax rates.
A report from the EU’s statistics office on Nov. 15 showed the euro area slipped back into a recession in the third quarter as governments imposed tougher austerity measures to narrow their fiscal deficits. Gross domestic product slipped 0.1 percent, its second consecutive quarter of contraction.
Separate releases showed that industrial production in the currency zone dropped the most since 2009 in September, Greece’s economy contracted for a 17th straight quarter and jobless claims rose at the fastest pace in more than a year in the U.K.
National benchmark indexes fell in every western-European market except Greece and Iceland. France’s CAC 40 lost 2.4 percent, the U.K.’s FTSE 100 slid 2.8 percent and Germany’s DAX declined 3 percent. Spain’s IBEX 35 Index slipped 0.6 percent amid speculation the country will soon request a bailout from the European Union.
Vodafone slid 5.9 percent after the telecommunications operator also reported a 1.4 percent decline in service revenue in the second quarter, its first drop in 10 quarters.
Zurich Insurance Group AG lost 5.2 percent after Switzerland’s biggest insurer reported on Nov. 15 a 62 percent drop in third-quarter profit following a $550 million writedown. Net income missed analysts’ estimates.
Hennes & Mauritz AB retreated 4.7 percent after Europe’s second-largest clothing retailer said on Nov. 15 that sales at stores open a year or more slid 5 percent last month, missing some analysts’ estimates.
U.S. stock futures were little changed as President Barack Obama prepared to hold talks with Republican lawmakers on the fiscal cliff.
Global Stocks:
Nikkei 9,024.16 +194.44 +2.20%
Hang Seng 21,159.01 +50.08 +0.24%
Shanghai Composite 2,014.72 -15.57 -0.77%
FTSE 5,652.65 -25.10 -0.44%
CAC 3,381.62 -0.78 -0.02%
DAX 7,023.47 -19.95 -0.28%
Crude oil $86.41 +1.12%
Gold $1712.20 -0.09%
In the red zone opened trading in Europe. Adversely affect investors' expectations for U.S. actions. Barack Obama and the Congress should discuss ways out of the situation, when the country's growing unemployment and government debt.
French Prime Minister Jean-Marc Eyro during his visit to Berlin, held on Thursday, November 15, a number of important meetings, including Chancellor Angela Merkel (Angela Merkel) and Finance Minister Wolfgang Schäuble (Wolfgang Schuble). The talks are the joint action to resolve the crisis in the euro area and the steps the French government to improve the economic situation in France.
Based on macroeconomic data in the euro area had a recession. In the period from July to September this year, the combined GDP of 17 countries in the euro area declined by 0.1 percent compared to the previous quarter.
FTSE 100 5,638.26 -39.49 -0.70%
CAC 40 3,363.54 -18.86 -0.56%
DAX 6,986.71 -56.71 -0.81%
STMicroelectronics shares were down 1.7%. Henkel securities dropped in value by 3.9%. Himkontsern recorded sales growth in the third quarter at 2.5%, while analysts had expected the index by 3.4%.
Asian equities rose, with Japan’s Nikkei 225 Stock Average surging the most since March, amid speculation an election next month will hand power to an opposition party that advocates more aggressive monetary easing in the world’s third-biggest economy.
Nikkei 225 9,024.16 +194.44 +2.20%
S&P/ASX 200 4,336.85 -12.40 -0.29%
Shanghai Composite 2,014.72 -15.57 -0.77%
Honda Motor Co., Japan’s third-largest carmaker, advanced 5.2 percent as the yen weakened, boosting the earnings outlook for the exporter.
Buru Energy Ltd. jumped 8.5 percent in Sydney after the oil and gas explorer said drilling results at its Ungani well are encourag
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.
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.
Аgain indexes started the session above the zero mark, and again failed to hold in positive territory, with the result that has been updated for many months lows.
The market continues to reign negative sentiment, as the deterioration of the situation in Europe and the problem of "fiscal cliff" continues to put pressure on the markets. The worsening situation in the Middle East also has a negative impact.
After the session went weak data on the Philadelphia Fed's manufacturing index, which became the catalyst for new sales.
Relatively neutral statement retailer Wal-Mart (WMT) has been perceived negatively by market participants. As a result, the company's shares have fallen in value by more than 3.6%. The company's profit for the reporting quarter was slightly above forecasts, revenue - slightly lower. The company also clarified forecasts for the next reporting period, raising the lower bounds of expectations: in the 4th quarter of expected earnings of $ 1.53-$ 1.58 per share, versus analysts' average forecasts $ 1.57; earnings forecast for the 2013 fiscal year, adjusted by $ 4.88-$ 4.93 per share, against a previous forecast of $ 4.83-$ 4.93 and the average market forecast $ 4.93.
The focus of the market participants are now focused on tomorrow's meeting between U.S. President Barack Obama and the leaders of the Democratic and Republican parties, which will focus on reducing the tax benefits and avoid "fiscal cliff."
Most of the components of the index DOW (17 of 30) have fallen in price. Maximum loss suffered shares Wal-Mart Stores Inc. (WMT, -3.63%). Shares rose more than other Cisco Systems (CSCO, +1.59%).
Most sectors of the S & P is in the red. The greatest growth has shown the financial sector (+0.5%) and consumer goods sector (+0.5%). Maximum losses in the municipal sector (-0.6%).
The representative of the IT sector NetApp advanced by 11.4% as under the influence of the quarterly report - profit for the quarter ending October 26, excluding some items was 51 cents per share, on average forecast of Wall Street at 48 cents per share.
At the close:
Dow 12,542.38 -28.57 -0.23%
Nasdaq 2,836.94 -9.87 -0.35%
S & P 500 1,353.33 -2.16 -0.16%
Change % Change Last
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%
FTSE 100 5,677.75 -44.26 -0.77%
CAC 40 3,382.4 -17.62 -0.52%
DAX 7,043.42 -58.50 -0.82%
Dow 12,542.38 -28.57 -0.23%
Nasdaq 2,836.94 -9.87 -0.35%
S&P 500 1,353.33 -2.16 -0.16%
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