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Analytics, News, and Forecasts for CFD Markets: stock news — 19-11-2012.
European (SXXP) stocks climbed the most in more than two months as U.S. President Barack Obama expressed confidence that he will strike a deal with Congress on a new budget to avoid the so-called fiscal cliff.
HSBC Holdings Plc (HSBA) added 3.8 percent after the bank said it has held talks to sell its $9 billion stake in Ping An Insurance (Group) Co. BP Plc (BP/) gained 3.6 percent following a report that the oil company plans a 3.7 billion-pound ($5.9 billion) buyback. ING Groep NV (INGA) advanced 3.7 percent after the European Commission granted it more time to sell its insurance operations in the region.
The Stoxx Europe 600 Index rose 2.2 percent to 268.58 at the close, rebounding from its lowest level since Aug. 3, as the Republican U.S. House Speaker John Boehner said after the close of European trading last week that he has held constructive budget talks with Obama.
The Stoxx 600 dropped 2.7 percent last week to its lowest level since Aug. 2 as concern mounted that U.S. lawmakers would fail to agree on a new budget. The gauge has lost 2.2 percent since the re-election of Obama on Nov. 6 set up a showdown with the Republican-controlled House of Representatives.
A U.S. report showed that sales of previously owned houses climbed to 4.79 million in October, near a two-year high.
National benchmark indexes climbed in every western- European market, except Iceland.
FTSE 100 5,737.66 +132.07 +2.36% CAC 40 3,439.58 +98.06 +2.93% DAX 7,123.84 +173.31 +2.49%
SAS AB (SAS) soared 23 percent to 6.90 kronor after SAS Group won the backing of all eight of the unions that represent its employees to cut jobs and shrink the business. Scandinavia’s biggest airline seeks to extend credit lines and cut costs by 6 billion kronor ($891 million).
Barclays Plc (BARC) climbed 6.6 percent to 249.8 pence after Goldman Sachs Group Inc. raised its recommendation for the shares to buy from neutral before the U.K.’s second-largest lender reveals details of its strategic review in February.
Hochtief AG jumped 5.1 percent to 37.82 euros, snapping a seven-day retreat, after the German builder announced the possible withdrawal of its chief executive officer, Frank Stieler, from the executive board.
Ocado Group Plc (OCDO) surged 24 percent to 75 pence after the British online grocer extended a 100 million-pound credit line, the biggest of the company’s debts, by 18 months until July 2015. The retailer also said it will raise 35.8 million pounds through a sale of shares to existing investors at 64 pence apiece, ending doubts over the company’s immediate survival.
Nokia Oyj (NOK1V) surged 9 percent to 2.30 euros after the company said it received reports that its new Lumia 920 smartphone had sold out in many shops in Germany. Nokia started selling the device, which uses Microsoft Corp.’s Windows Phone 8 operating system, earlier this month.
Fugro NV (FUR) sank 14 percent to 42.14 euros, its biggest drop in four years, after the Dutch oil-services company lowered its forecast for full-year profit to 280 million euros ($359 million). It cited low seismic-vessel utilization and a writedown at its subsea business. The shares also fell after the company’s chief executive officer, Arnold Steenbakker, resigned because of a “difference of opinion” over the future direction of the company, according to a statement.
U.S. stock futures advanced as President Barack Obama expressed confidence that he will reach a budget agreement with Congress.
Global Stocks:
Nikkei 9,153.2 +129.04 +1.43%
Hang Seng 21,262.06 +103.05 +0.49%
Shanghai Composite 2,016.98 +2.26 +0.11%
FTSE 5,688.52 +82.93 +1.48%
CAC 3,404.85 +63.33 +1.90%
DAX 7,078.1 +127.57 +1.84%
Crude oil $88.37 +1.67%
Gold $1730.00 +0.89%
Apple (AAPL) was reiterated a Buy at BAML, but with a lower price target - now $780, from $840. The analysts lower their expected 2013 EPS to $52.45 from $54.30, 2014 to $62.50 from $64.
Bank of America (BAC) was upgraded from Hold to Buy by Stifel Nicolaus, target $11.
European stocks climbed, rebounding from a three-month low, as U.S. President Barack Obama expressed confidence that he will strike a deal with Congress on a new budget.
Before Obama left for Asia, he met with senior Democrats and Republicans for talks to avoid a $607 billion-package of automatic tax increases and spending cuts that if allowed to come into force would push the country into a recession next year. Congress returns from its Thanksgiving holiday on Nov. 26.
HSBC Holdings Plc added 1.8 percent after Europe’s largest lender by market value said it has held talks to sell its stake in Ping An Insurance (Group) Co.
BP Plc gained 2.8 percent following a report that the oil company plans a 3.7 billion- pound ($5.9 billion) buyback.
FTSE 100 5,662.23 +56.64 +1.01%
CAC 40 3,386.84 +45.32 +1.36%
DAX 7,043.91 +93.38 +1.34%
Asian stocks gained for a second day, with the regional benchmark index heading for its biggest advance in a month, after President Barack Obama expressed confidence that he and Congress will reach a budget agreement.
Nikkei 225 9,153.2 +129.04 +1.43%
S&P/ASX 200 4,361.45 +24.60 +0.57%
Shanghai Composite 2,016.98 +2.26 +0.11%
Toyota Motor Corp., the world’s biggest carmaker, rose 1.4 percent in Tokyo.
Japan Tobacco Inc. jumped 6.5 percent as the government plans to postpone the sale of its stake in the cigarette maker.
Billabong International Ltd. surged 10 percent in Sydney after the surf-wear maker said it’s considering a takeover.
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
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. stocks in the middle of trading sharply departed from achieved today minuses against Congress leaders comments after the last meeting with President Obama, which was devoted to the problem of "fiscal cliff."
Participants described this meeting as "constructive" and "useful", without providing specific details of her.
Minority Leader Nancy Pelosi in Congress that, to reach agreement on the matter by Christmas, the minority leader in the Senate, Mitch McConnell and Speaker John Boehner of Congress noted that the Republicans are ready to make the subject of negotiations for income if it is accompanied by significant cuts in spending.
Meanwhile, Senate Majority Leader Harry Reid announced that is working on an action plan, and the talks were very constructive.
Statement by the participants improved market sentiment, prompting the closure of short positions after the recent decline in the indices.
In this case, the economic news in the U.S. was downbeat - Today it became known that industrial production unexpectedly fell in October by 0.4% despite the forecasts of 0.2% growth. Pressure on the market, and also has a conflict in the Middle East.
DOW index components showed predominantly positive trend. Maximum loss suffered shares Hewlett-Packard Company (HPQ, -1.76%). Shares rose more than other Alcoa (AA, +1.61%).
All sectors of the S & P are in positive territory. Maximum growth demonstrates utilities sector (+1.1%).
Dell shares fell by 7.3% on a reported 47% confidence falling profits in the third quarter, caused by lower sales of personal computers. The results for earnings and sales were below the average forecast of Wall Street. In addition, at least six brokerage houses have lowered the target price for the paper.
Shares of biotech company Dynavax Technologies collapsed by 47.3% after the Office of the Food and Drug Administration has expressed concerns about the safety of a drug company's vaccine against hepatitis B.
At the close:
Dow 12,588.31 +45.93 +0.37%
Nasdaq 2,853.13 +16.19 +0.57%
S & P 500 1,359.88 +6.55 +0.48%
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