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Analytics, News, and Forecasts for CFD Markets: stock news — 18-09-2012.
European stocks declined the most in two weeks as investors bet that the rally in the Stoxx Europe 600 Index to a 15-month high overshot the economic outlook and prospects for corporate earnings.
German investor confidence rose for the first time in five months in September, a report showed today.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, climbed to minus 18.2 from minus 25.5 in August. Economists forecast a gain to minus 20.
National benchmark indexes fell in 15 of the 18 western European markets. Germany’s DAX slid 0.8 percent, while the U.K.’s FTSE 100 lost 0.4 percent. France’s CAC 40 dropped 1.2 percent.
Akzo Nobel dropped 5.5 percent to 46.16 euros, the biggest decline since September 2011. Buechner will take leave for one month to recuperate from fatigue on the advice of his doctor, Amsterdam-based Akzo said. He plans to return in the first half of October and Chief Financial Officer Keith Nichols will be the point-person in the interim period.
Aviva lost 4 percent to 344.9 pence. Deutsche Bank AG downgraded the stock to hold from buy and Bank of America Corp. cut its rating to underperform, the equivalent of sell, from neutral.
U.S. stock futures are mixed as investors watched European leaders’ efforts to resolve their debt crisis.
FedEx reduced its profit outlook for the year through May after quarterly earnings dropped for the first time in almost three years amid reduced demand for premium shipping services.
Global Stocks:
Nikkei 9,123.77 -35.62 -0.39%
Hang Seng 20,601.93 -56.18 -0.27%
Shanghai Composite 2,059.54 -18.96 -0.91%
FTSE 5,865.57 -27.95 -0.47%
CAC 3,531.81 -21.88 -0.62%
DAX 7,365.11 -38.58 -0.52%
Crude oil $96.12 -0,52%
Gold $1767.57 -0.18%
Intel (INTC) downgraded to Sector Perform from Outperform at RBC Capital
Alcoa (AA) downgraded to Hold from Buy at Jefferies
European stock indexes began trading lower. At the end of this affected euphoria over the start QE3, slow pace of China to take measures to stimulate economic growth, unrest in China, which led to the suspension of the Japanese factories in the Chinese territory, the protests in Spain against the budget measures.
Currently already published data on the sentiment index in the business environment of the euro area institution ZEWza September. Figure was -3.8%, forecast -16.3 points. The value of the same index for Germany was -18.2 -19.4 points at the forecast.
Today, the focus of the market is the upcoming publication of data on the U.S. balance of payments for the II quarter, net purchases of U.S. securities by foreign investors in July, and the index of the state of the U.S. housing market by NAHB in September.
FTSE 100 5,842.53 -50.99 -0.87%
CAC 40 3,506.34 -47.35 -1.33%
DAX 7,322.37 -81.32 -1.10%
Shares of Akzo Nobel NV, fell to eight-month low after CEO Ton Beuchner went on sick leave. Paper Aviva Plc fell 4.5% after analysts downgraded the shares. Renault SA capitalization fell due to lower vehicle sales in August. Shares of Unilever and Diageo Plc rose 1% after analysts raised their rating on the stock.
Asian stocks fell as rising tensions between Japan and China pushed down shares of Tokyo- listed companies from Honda Motor Co. to Fast Retailing Co. amid signs of slowing growth in the U.S. and a worsening European debt crisis.
Nikkei 225 9,123.77 -35.62 -0.39%
S&P/ASX 200 4,394.7 -7.83 -0.18%
Shanghai Composite 2,059.54 -18.96 -0.91%
BHP Billiton Ltd., the world’s largest mining company, slid 0.6 percent in Sydney as metal prices dropped.
Fast Retailing, Asia’s biggest apparel chain, tumbled 7 percent, in Tokyo as it was forced to shut stores in China amid anti-Japanese protests.
Hokuriku Electric Power Co. surged 6.4 percent after a Japanese government minister signaled he has no plans to stop construction of nuclear reactors.
Most Asian stocks outside Japan and China rose, led by mining companies, amid speculation U.S. stimulus measures will boost global demand. Shares in Shanghai and Hong Kong retreated as Citigroup Inc. cut its 2013 growth outlook for China.
Nikkei 225 closed
S&P/ASX 200 4,402.5 +12.54 +0.29%
Shanghai Composite 2,085.17 -38.67 -1.82%
BHP Billiton Ltd. the world’s largest mining company, climbed 2.5 percent in Sydney as rising metals prices boosted raw-material companies.
Some Chinese car sellers dropped as anti-Japan protests turned violent over the weekend.
European stocks declined from a 15- month high as concern of a deepening economic slowdown in China overshadowed optimism resulting from the Federal Reserve’s third round of quantitative easing.
Citigroup Inc. cut its forecast for China’s 2013 growth to 7.6 percent from 8 percent on weakening external demand. Separately, the official Xinhua News Agency said China needs to be more cautious with its monetary policies as quantitative easing in the U.S. will create more pressure to control inflation.
National benchmark indexes fell in all of the 18 western European markets, except Belgium. Germany’s DAX slipped 0.1 percent, the U.K.’s FTSE 100 (UKX) declined 0.4 percent, while France’s CAC 40 dropped 0.8 percent.
SSAB (SSABA) tumbled 6.9 percent to 53.05 kronor, the biggest decline since February. The steelmaker said demand for strip products has been much weaker than expected in the third quarter and warned that falling iron ore prices are expected to hurt earnings in the first quarter of next year.
H&M (HMB) declined 1.6 percent to 243.20 kronor as Europe’s second-largest clothing retailer reported third-quarter sales that missed analysts’ estimates after an August heatwave in some parts of the region hurt business. Revenue excluding value-added tax rose to 28.8 billion kronor ($4.4 billion) through Aug. 31, the Stockholm-based company said, missing the 29.8 billion-kronor average estimate. Sales at stores open at least a year declined 4 percent in August.
Major U.S. stock indexes spent trading in negative territory in a small minus, consolidating after rising last week in the highs.
The pressure on the index was published index of activity in the manufacturing sector of the New York Fed, which in September unexpectedly fell to -10.4 vs. -5.85 in August and forecast -1.9.
However, the negative trend has more to do not with the weak data, and with a reduction in euphoria about to launch a new round of quantitative easing. Stock indexes are at multi-year highs - levels that are not very attractive to buy. Moreover, the recent increase in the indices was not caused by fundamental factors, and the actions of central banks of the U.S. and Europe. In the near future the focus of market participants will shift to the upcoming earnings season, which, given the further deterioration in the global economy, it may be weak. Against this background, markets may substantially adjusted to the levels achieved.
As a part of most of the components of the index DOW dropped in price. In the plus side there are only 9 components, among which more than other stocks rose Pfizer (PFE, +0.88%). More than the others fell in the share price Alcoa (AA, -2,54%) and Bank of America (BAC, -2.21%).
Most of the major economic sectors are reduced. The plus is just the health sector (+0.4%). More than the others fell in value conglomerates sector (-1.1%).
Iron ore miner Cliffs Natural Resources dipped 7.0% after analysts at JPMorgan downgraded the stock from "Outperform" to "neutral."
Shares of high-tech giant Apple gained 1.1% - orders for the new iPhone 5 has already exceeded 2 million.
Manufacturer of electric Tesla Motors rose by 7.0% on the news of increasing its stock investment rating analysts Morgan Stanley to "Underperform" to "Outperform."Change % Change Last
Nikkei 225 closed
S&P/ASX 200 4,402.5 +12.54 +0.29%
Shanghai Composite 2,085.17 -38.67 -1.82%
FTSE 100 5,893.52 -22.03 -0.37%
CAC 40 3,553.69 -27.89 -0.78%
DAX 7,403.69 -8.44 -0.11%
Dow 13,553 -40 -0.30%
Nasdaq 3,179 -5 -0.16%
S&P 500 1,461 -5 -0.33%
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