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Analytics, News, and Forecasts for CFD Markets: stock news — 18-07-2012.
European stocks advanced for the third time in four days after lenders including Credit Suisse Group AG reported profits that beat estimates, while minutes showed the Bank of England may reconsider the case for an interest-rate cut.
In the U.K., minutes from the Bank of England’s recent July Monetary Policy meeting showed policy makers voted 7-2 to increase stimulus and said they may reconsider the case for an interest-rate cut after assessing the impact of new lending and liquidity measures on the economy.
U.K. Chancellor of the Exchequer George Osborne outlined plans to encourage as much as 51 billion pounds ($80 billion) of spending on infrastructure and exports in the latest effort pull the economy out of recession.
National benchmark indexes rose in all western European markets except Finland and Iceland. The U.K.’s FTSE 100 gained 1 percent. France’s CAC 40 climbed 1.8 percent and Germany’s DAX advanced 1.6 percent.
Credit Suisse advanced 4.5 percent to 17.91 Swiss francs. The bank announced measures to cut costs and boost capital by 8.7 billion francs ($8.9 billion) after a central bank report last month called for an increase in equity. The cost savings target was increased to 3 billion francs from 2 billion francs, the bank said.
ASML paced gains among European technology companies, rising 6.8 percent to 44.23 euros, as Chief Executive Officer Eric Meurice said on a conference call that he expects a “steady increase in profitability,” even as the producer of machines for chipmakers joined Applied Materials Inc. and Intel Corp. in predicted a weaker chip market.
Nordea rose 2.4 percent to 62.05 kronor after saying second-quarter profit jumped 17 percent as an increase in lending income outweighed higher loan losses. Net income rose to 820 million euros from 698 million euros a year earlier, the Stockholm-based lender said in a statement. That beat the 722 million-euro average estimate of analysts.
Resistance of 3:1410 (high of May)
Resistance of 2:1375 (high of July, top line of up channel from Jul 12)
Resistance of 1:1365 (session high)
Current Price: 1361.25
Support 1:1350 (bottom line of up channel from Jul 12)
Support 2:1340 (Jul 17 low)
Support 3:1320 (Jul 12 low, 50,0% FIBO 1265-1375)
Комментарии: фьючерс преодолел МА(100) для D1, выше сессионного максимума дорога открыта к максимумам июля.
U.S. stock futures fell as Intel Corp. (INTC) slumped after cutting its sales forecast and investors awaited the Federal Reserve’s Beige Book survey of business conditions.
Global Stocks:
Nikkei 8,726.74 -28.26 -0.32%
Hang Seng 19,239.88 -215.45 -1.11%
Shanghai Composite 2,169.1 +7.91 +0.37%
FTSE 5,629.2 +0.11 0.00%
CAC 3,200.66 +23.69 +0.75%
DAX 6,586.05 +8.41 +0.13%
Crude oil $88.81 (-0,46%)
Gold $1568.50 (-1.32%)
Caterpillar (CAT) was downgraded to a Hold from Buy at Jefferies.
Indexes rose on a background of positive statements of the banking sector.
Results for January-June 2012 presented a financial group Nordea AB (Sweden). Net income for the period grew by 11% and amounted to 1.596 billion euros against 1.442 billion euros in the same period a year earlier. Net interest revenue increased by 9% to 2.882 billion euros against 2.650 billion euros for the I half of 2011 Nordea Quotes Against this background, increased by 2.6%.
Corporate reporting has supported the European market, even despite the fact that yesterday, Moody 's downgraded the ratings of 13 Italian financial institutions. Also, "negative" outlook have and Italian government bonds.
Current value:
FTSE 100 5,645.75 +16.66 +0.30%
DAX 6,598.51 +20.87 +0.32%
CAC 3,202.35 +25.38 +0.80%
Shares of Britain's Royal Bank of Scotland and Lloyds Banking Group rose by 0.5%.
It also demonstrates the growth of BHP Billiton to 0.8% and Anglo American and Antofagasta at 0.8% and 0.2% respectively.
Asian stocks declined after Chinese Premier Wen Jiabao warned of a “severe” jobs outlook and amid concern Asian companies’ profits are falling. Exporters to the U.S. gained as Federal Reserve Chairman Ben S. Bernanke said the central bank is prepared to act to spur growth.
Nikkei 225 8,726.74 -28.26 -0.32%
S&P/ASX 200 4,123.6 -17.20 -0.42%
Shanghai Composite 2,163.96 +2.78 +0.13%
Huaneng Renewables Corp Ltd., an alternative energy company, slumped 14 percent in Hong Kong after saying profit may fall more than 50 percent.
Asian stocks rose for a third day amid optimism policy makers from China to the U.S. will do more to support the world’s largest economies amid a slowdown that prompted the International Monetary Fund to cut its forecast for global growth.
Nikkei 225 8,755 +30.88 +0.35%
Hang Seng 19,460.48 +339.14 +1.77%
S&P/ASX 200 4,140.8 +35.70 +0.87%
Shanghai Composite 2,161.19 +13.23 +0.62%
China Railway Group Ltd. rose 4.4 percent in Hong Kong after the government said it will boost spending on rail lines.
Fraser & Neave Ltd. jumped 4.4 percent in Singapore after Oversea-Chinese Banking Corp. and its insurance unit received an offer for their stake in the beverage maker.
JX Holdings Inc sank 6 percent in Tokyo after saying it will shut of one of its refineries after finding falsified safety reports.
European stocks fell for the first time in three days as Federal Reserve Chairman Ben S. Bernanke’s testimony to Congress disappointed investors looking for him to signal fresh stimulus measures.
Recent economic data have had a “generally disappointing tone,” Bernanke said in the first of two days testifying before Congress as part of the central bank’s semiannual monetary policy report. He said the Fed is prepared to take further action “as appropriate to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability,” without offering any specific policy ideas.
Minutes from the Fed’s June meeting, released on July 11, showed that two participants supported additional bond purchases, while two others said only a further deterioration in the economy would warrant them.
National benchmark indexes fell in eight of the 18 western European markets today. The U.K.’s FTSE 100 (UKX) declined 0.6 percent and France’s CAC 40 slipped 0.1 percent. Germany’s DAX rose 0.2 percent.
CSR rallied 34 percent to 292 pence, the biggest increase since it sold shares in 2004. Samsung, the world’s largest mobile-phone maker, agreed to buy the company’s wireless technology unit for $310 million in cash and take a minority stake in the British chip designer.
L’Oreal increased 1.4 percent to 93.33 euros as Credit Suisse Group AG upgraded the shares to neutral from underperform.
U.S. stocks rose, erasing earlier losses, as Federal Reserve Chairman Ben S. Bernanke told senators the central bank is prepared to act to boost growth if the labor market doesn’t improve.
Stocks headed lower in the first hour of trading as Bernanke’s prepared testimony to Congress cited no specific details on the central bank’s plans, disappointing investors anticipating a more aggressive approach to helping the economy. Equities recovered as Bernanke’s responses to senators boosted confidence that he’s prepared to take action.
Bernanke told lawmakers that progress in reducing unemployment is likely to be “frustratingly slow” and repeated that the central bank is ready to take further action to boost the recovery, while refraining from pledging any new policies.
Walt Disney rallied 3.1 percent to $49.35, its highest price ever, helping lead consumer discretionary stocks higher. The company was raised to buy from neutral by Bank of America, which cited a boost to 2012 earnings from the film “Marvel’s The Avengers” and a contribution to profit next year from the opening of Cars Land.
Coca-Cola advanced 1.6 percent to $77.69. The world’s largest soft-drink maker reported second-quarter profit that topped analysts’ estimates, helped by pricing increases in North America late last year.
Mattel jumped 9.7 percent to $34.05 for the biggest gain in the S&P 500. The world’s largest toymaker surged the most in more than three years as price increases helped second-quarter profit and revenue top analyst estimates.
Change % Change Last
Nikkei 225 8,755 +30.88 +0.35%
Hang Seng 19,460.48 +339.14 +1.77%
S&P/ASX 200 4,140.8 +35.70 +0.87%
Shanghai Composite 2,161.19 +13.23 +0.62%
FTSE 100 5,629.09 -33.34 -0.59%
CAC 40 3,176.97 -2.93 -0.09%
DAX 6,577.64 +11.92 +0.18%
Dow 12,806 +78 +0.62%
Nasdaq 2,910 +13 +0.45%
S&P 500 1,364 +10 +0.74%
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