Analytics, News, and Forecasts for CFD Markets: stock news — 19-08-2015.

Major U.S. stock-indexes sharply fell on Wednesday as investors worried about the effect of China's slowing growth ahead of the minutes from the latest U.S. Fed meeting that could give clues regarding the timing of a rate increase. Energy and material stocks were whipsawed by wild swings in the Chinese market for the second day in a row. Chinese stocks reversed sharp declines and ended higher after the central bank injected more funds into the financial system. The roller coaster ride in the market kept commodity prices under pressure, with oil and copper near six-year lows.

All Dow stocks in negative area (30 of 30). Top looser - Chevron Corporation (CVX, -2.71%).

All S&P index sectors also in negative area. Top looser - Basic materials (-2.4%).

At the moment:

Dow 17269.00 -213.00 -1.22%

S&P 500 2069.00 -25.00 -1.19%

Nasdaq 100 4490.00 -54.00 -1.19%

10 Year yield 2,17% -0,03

Oil 41.35 -1.77 -4.10%

Gold 1128.50 +11.60 +1.04%

Stock indices closed lower on worries over the situation in China. China's central bank injected more liquidity into the financial sector to calm market participants.

The German parliament voted for the third Greek bailout programme on Wednesday. 453 voted in favour of the Greek bailout, 113 voted against it, while 18 abstained.

Market participants are awaiting the release of the latest Fed's monetary policy minutes. The Fed will release its minutes at 18:00 GMT. Market participants will be looking for signs if the Fed will start raising its interest rate in September.

Meanwhile, the economic data from the Eurozone was mixed. Eurozone's current account surplus climbed to a seasonally adjusted €25.4 billion in June from €19.1 billion in May.

The surplus was driven by higher surpluses on trade in goods and primary income. The trade surplus rose to €27.2 billion in June from €24.9 billion in May, while primary income increased to €1 billion from €0.8 billion.

The surplus on services declined to €5.7 billion in June from €6.6 billion in May, while the secondary income dropped to €8.4 billion from €13.3 billion.

Eurozone's unadjusted current account surplus soared to €31.1 billion in July from EUR 4.3 billion in May. May's figure was revised up from a surplus of €3.4 billion.

Construction production in the Eurozone decreased 1.9% in June, after a 0.2% rise in May. May's figure was revised down from a 0.3% gain.

Civil engineering output declined 2.7% in June, while production in the building sector dropped 1.6%.

On a yearly basis, construction output fell 2.3% in June, after a 0.2% rise in May. May's figure was revised down from 0.3% increase.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,403.45 -122.84 -1.88 %

DAX 10,682.15 -233.77 -2.14 %

CAC 40 4,884.1 -87.15 -1.75 %

Polish equity market advanced on Wednesday. The broad market measure, the WIG Index, added 1%. From a sector perspective, food sector (+2.62%) and banks (+2.47%) performed best. The worst-performing sectors in the index were materials (-2.37%), media (-1.04%) and chemicals (-0.43%).

The large-cap stocks' measure, the WIG30 Index, rose by 0.94%. Within the WIG30 Index components, TAURON PE (WSE: TPE) led the gainers with a 4.63% advance. PKO BP (WSE: PKO), BZ WBK (WSE: BZW), ORANGE POLSKA (WSE: OPL), ALIOR (WSE: ALR), PKN ORLEN (WSE: PKN) and GTC (WSE: GTC) also recorded solid gains, adding between 2.10% and 3.39%. On the other side of the ledger, KGHM (WSE: KGH) took another plunge, down 3%, hitting a near six-year low. Other major fallers were CYFROWY POLSAT (WSE: CPS), EUROCASH (WSE: EUR) and KERNEL (WSE: KER), losing 1.99%, 1.37% and 1.23% respectively.

The People's Bank of China (PBoC) said on Wednesday that it injected $48 billion into China Development Bank and $45 billion into the Export-Import Bank of China last month. The money should strengthen their capital bases support the economy.

St. Louis Fed President James Bullard said in an interview MNI News that he will back the interest rate hike in September at the Fed's upcoming meeting. He fears financial instability, adding that the Fed should be ready to raise its interest rate faster against financial bubbles.

Bullard noted that he is not concerned that inflation and wages remain low. He pointed out that inflation will increase as the economy expands and oil prices stabilise.

Bullard is not a voting member of the Federal Open Market Committee this year.

U.S. index futures fell as a selloff in emerging markets fueled concern global growth is slowing at the same time the Federal Reserve considers the path for higher interest rates.

Global Stocks:

Nikkei 20,222.63 -331.84 -1.61%

Hang Seng 23,167.85 -307.12 -1.31%

Shanghai Composite 3,794.55 +46.38 +1.24%

FTSE 6,465.81 -60.48 -0.93%

CAC 4,925.7 -45.55 -0.92%

DAX 10,773.49 -142.43 -1.30%

Crude oil $42.30 (-0.73%)

Gold $1120.60 (+0.32%)

The German parliament voted for the third Greek bailout programme on Wednesday. 453 voted in favour of the Greek bailout, 113 voted against it, while 18 abstained.

63 MPs of Merkel's CDU/CSU party voted against the Greek bailout, while 3 MPs abstained. 60 MPs of Merkel's party voted against the bailout negotiations in July.

The Bank of England' Monetary Policy Committee Member David Miles said in an interview to BBC Newsnight on late Tuesday evening that interest rate in the U.K. will rise "pretty soon".

"I don't think it's anything to worry about, it's a sign of health," he said. Miles added that the economy consumer confidence is strong, corporate confidence is pretty strong and the financial system is operating near normal now".

Miles will retire this month.

(company / ticker / price / change, % / volume)

The U.S. Labor Department released consumer price inflation data on Wednesday. The U.S. consumer price inflation rose 0.1% in July, missing expectations for a 0.2% increase, after a 0.3% gain in June.

The increase was partly driven by higher gasoline and food prices. Gasoline prices climbed 0.9% in July, while food prices increased 0.2% in July.

On a yearly basis, the U.S. consumer price index increased to 0.2% in July from 0.1% in June, in line with expectations.

The U.S. consumer price inflation excluding food and energy gained 0.1% in July, missing expectations for a 0.2% rise, after a 0.2% increase in June.

On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged to 1.8% in July.

These inflation figures could support the Fed's decision to start raising interest rates this year.

Upgrades:

Google (GOOGL, GOOG) upgraded to Overweight from Neutral at Atlantic Equities, target raised from $650 to $825 for GOOGL and from $560 to $825 for GOOG

Barrick Gold (ANX) upgraded to Neutral from Underperform at Macquarie

Downgrades:

Other:

Home Depot (HD) target raised to $136 from $130 at Argus

Wal-Mart (WMT) target lowered to $73 from $80 at Barclays

Hewlett-Packard (HPQ) target lowered to $40 from $43 at Monness Crespi & Hardt

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota wrote in The Wall Street Journal on Wednesday that the Fed should wait with the first interest rate hike.

"Tightening monetary policy when inflation is projected to be so low is a step in the wrong direction," he wrote.

Kocherlakota added that the Fed should ease its monetary policy as inflation remains low.

The Hellenic Statistical Authority released its industrial turnover data for Greece on Wednesday. Greek overall turnover index slid 13.4% year-on-year in June, after a 4.2% drop in May.

Domestic market turnover fell at an annual rate of 6.2% in June, while foreign market turnover plunged by 22.2%.

Turnover in the manufacturing sector declined at an annual rate of 13.9% in June, while mining and quarrying turnover dropped by 33.3%.

The Bank of Italy released its current account data on Wednesday. Italy's current account surplus climbed to €3.53 billion in June from €2.60 billion in June last year.

The goods trade surplus increased to €4.85 billion in June from €3.85 billion in June last year. The services trade balance declined to a surplus of €651 million from €906 million.

The capital account surplus decreased to €156 million in June from €298 million last year, while the financial account balance turned to a deficit of €3.18 billion from a surplus of €1.8 billion.

Stock indices traded lower on worries over the situation in China. China's central bank injected more liquidity into the financial sector to calm market participants.

The German parliament will vote on the third Greek bailout programme today. Analysts expect that the parliament vote for the bailout for Greece.

Meanwhile, the economic data from the Eurozone was mixed. Eurozone's current account surplus climbed to a seasonally adjusted €25.4 billion in June from €19.1 billion in May.

The surplus was driven by higher surpluses on trade in goods and primary income. The trade surplus rose to €27.2 billion in June from €24.9 billion in May, while primary income increased to €1 billion from €0.8 billion.

The surplus on services declined to €5.7 billion in June from €6.6 billion in May, while the secondary income dropped to €8.4 billion from €13.3 billion.

Eurozone's unadjusted current account surplus soared to €31.1 billion in July from EUR 4.3 billion in May. May's figure was revised up from a surplus of €3.4 billion.

Construction production in the Eurozone decreased 1.9% in June, after a 0.2% rise in May. May's figure was revised down from a 0.3% gain.

Civil engineering output declined 2.7% in June, while production in the building sector dropped 1.6%.

On a yearly basis, construction output fell 2.3% in June, after a 0.2% rise in May. May's figure was revised down from 0.3% increase.

Current figures:

Name Price Change Change %

FTSE 100 6,471.85 -54.44 -0.8 %

DAX 10,796.41 -119.51 -1.1 %

CAC 40 4,926.72 -44.53 -0.9 %

The Eurostat released its construction production data for the Eurozone on Wednesday. Construction production in the Eurozone decreased 1.9% in June, after a 0.2% rise in May. May's figure was revised down from a 0.3% gain.

Civil engineering output declined 2.7% in June, while production in the building sector dropped 1.6%.

On a yearly basis, construction output fell 2.3% in June, after a 0.2% rise in May. May's figure was revised down from 0.3% increase.

The Federal Reserve Bank of Dallas named Robert Steven Kaplan as its new president. Kaplan is a former vice chairman of Goldman Sachs Group Inc., and holds a master's degree in business administration from Harvard Business School.

Kaplan replaces Richard Fisher, who retired in March.

Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CCC' from 'CC' on Tuesday. The reason for the upgrade was a deal between Greece and its international lenders on the third bailout programme.

"The 14 August agreement reached between Greece and the European Institutions on the framework for a third official bailout programme has reduced the risk of Greece defaulting on its private sector debt obligations," the agency said.

Fitch pointed out that "the political situation in Greece remains unpredictable".

The European Central Bank (ECB) released its current account on Wednesday. Eurozone's current account surplus climbed to a seasonally adjusted €25.4 billion in June from €19.1 billion in May.

The surplus was driven by higher surpluses on trade in goods and primary income. The trade surplus rose to €27.2 billion in June from €24.9 billion in May, while primary income increased to €1 billion from €0.8 billion.

The surplus on services declined to €5.7 billion in June from €6.6 billion in May, while the secondary income dropped to €8.4 billion from €13.3 billion.

Eurozone's unadjusted current account surplus soared to €31.1 billion in July from EUR 4.3 billion in May. May's figure was revised up from a surplus of €3.4 billion.

Fitch Ratings has affirmed Canada's long-term foreign and local currency IDRs at 'AAA' on Tuesday. The rating outlook is stable.

"Canada's 'AAA' rating draws support from its advanced, well diversified and high-income economy. Its political stability, strong governance and institutional strengths support the rating. Its overall policy framework remains strong and has delivered steady growth and low inflation," Fitch said.

Fitch noted that falling oil prices since the second half of year 2014 has hit investment in the oil sector.

The agency also said that high levels of household debt and pockets of real estate overvaluation pose risks to Canada's economy, but the risks are manageable.

The Ministry of Finance released its trade data for Japan on the late Tuesday evening. Japan's trade deficit widened to ¥268.1 billion in July from a deficit of ¥70.5 billion in June. June's figure was revised down from a deficit of ¥69.0 billion.

Analysts had expected a deficit of ¥56.7 billion.

The adjusted trade deficit was ¥368.8 billion in July, down from a deficit of ¥283.4 billion in June.

Exports rose 7.6% year-on-year, while imports dropped 3.2%.

Exports to Asia climbed by 6.1% year-on-year, exports to the United States increased by 18.8%, exports to China rose by 4.2%, while exports to the European Union were up 10.0%.

Imports from Asia climbed 7.4% year-on-year, imports from the United States jumped 7.5%, and imports from China gained 13.5%, while imports from the European Union rose 13.5%.

According to a Bloomberg survey, only 28% of respondents said the Eurozone's outlook will improve in the short term, down from 50% in July and 83% in March. More than two-thirds of respondents in expect the outlook to remain unchanged.

The survey was conducted before the release of the Eurozone's GDP data last week.

Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the second quarter, missing expectations for a 0.4% rise, after a 0.4% gain in the first quarter. On a yearly basis, Eurozone's preliminary GDP rose by 1.2% in the second quarter, missing expectations for a 1.3% increase, after a 1.0% gain in the first quarter.

A slowdown in China's economy weighs on the recovery in the Eurozone.

Major U.S. stock indices declined on Tuesday amid lower commodity prices and a weak earnings report from the world's largest retailer Wal-Mart Stores.

The Dow Jones Industrial Average declined 33.84 points, or 0.2%, to 17511.34. The S&P 500 slid 5.52 points, or 0.3% to 2096.92 (all of its sectors declined). The Nasdaq Composite fell 32.35 points, or 0.6%, to 5059.35.

Wal-Mart shares fell 3.4% after the company reported that its profit fell 15% to $3.48 billion in the second quarter of 2015.

This morning in Asia Hong Kong Hang Seng dropped 1.03%, or 242.21 points, to 23,232.76. China Shanghai Composite Index lost 3.12%, or 116.76 points, to 3,631.40. The Nikkei fell 1.35%, or 278.36 points, to 20,276.11.

Japanese stocks fell following declines in U.S. equities. Investors were also concerned about China's stock market. Declines in Chinese stocks renewed concerns over the country's economic conditions.

Chinese stocks continued falling after they dropped 6.1% yesterday. Investors are concerned that the government's actions related to macroeconomic regulation will drive attention away from the stock market.