Analytics, News, and Forecasts for CFD Markets: stock news — 20-07-2012.

European stocks dropped, paring their seventh successive weekly advance, as the yield premium for Spanish benchmark bonds over German bunds surged to a record, sparking concern the euro-area debt crisis is deepening.

Spanish bonds declined, pushing the extra yield investors demand to hold the nation’s 10-year securities instead of similar-maturity German bunds to the most on record. The similar spread for Italy surged above 5 percentage points for the first time since Jan. 16. Bunds, which serve as a haven for investors pulling money out of troubled economies, extended a third weekly gain.

Euro-area finance ministers gave the final approval for the bailout of Spanish banks for as much as 100 billion euros ($122 billion). Today’s decision, made on a conference call, paves the way for a first payment from the region’s temporary rescue fund, the European (SXXP) Financial Stability Facility.

National benchmark indexes dropped in all of the 18 western European markets today, except in Iceland and Greece. Germany’s DAX fell 1.9 percent, while the U.K.’s FTSE 100 lost 1.1 percent. France’s CAC 40 slid 2.1 percent. Spain’s IBEX 35 slumped 5.8 percent, the most since May 2010, and Italy’s FTSE MIB declined 4.4 percent.

Vodafone, Europe’s largest mobile-phone company, fell 1.7 percent to 180 pence after saying that its service revenue, excluding currency swings and the impact of acquisitions, gained 0.6 percent in the three months through June. Analysts had predicted growth of 0.8 percent, according to the average of estimates in a Bloomberg survey.

Scania rallied 3.9 percent to 120.10 kronor. The company said second-quarter orders rose from the first three months of 2012 because of Russian demand, and it predicted a growing need in Europe to replace vehicles.

U.S. stock futures declined amid concern over Europe’s debt crisis.

Global Stocks:

Nikkei 8,669.87 -125.68 -1.43%
Hang Seng 19,640.8 +81.75 +0.42%
Shanghai Composite 2,168.64 -16.20 -0.74%
FTSE  5,673.93 -40.26 -0.70%
CAC  3,215.97 -47.67 -1.46%
DAX 6,693.72 -64.67 -0.96%
Crude oil $91.38 (-1,38%)
Gold $1577.20 (-0.20%)

Verizon (VZ) was downgraded to a Neutral from Outperform at Credit Suisse.
Microsoft initiated with a Buy at Griffin Securities; tgt $38.

The focus of the market are corporate reports, as well as teleconference eurozone finance ministers, which is expected to be approved by the program of financial assistance to the banking sector in Spain.

The British company Vodafone Group Plc, the largest mobile operator in Europe and the world by revenue, according to financial results of I quarter ended June 30, reduced total revenue by 7.7% in annual terms.

In April-June revenues totaled 10.77 billion Vodafone pounds ($ 16.90 billion), while the market was expecting, on average, this figure at 10.88 billion pounds,

The company blames the decline in sales of difficult economic conditions, especially the problems in Europe, especially Italy and Spain.

Revenue from services - a key indicator tracked by analysts in the UK - has declined in the last quarter by 8.1% to 9.98 billion pounds. In Europe, where the company gets about three-quarters of income, this figure fell to 8.7% - up to 6.94 billion pounds.

Against this backdrop, Vodafone shares were down 1.6%.

1.5% of the shares of the operator added the London Stock Exchange London Stock Exchange Group on the background information on the merger with the exchange company in Singapore Singapore Exchange Ltd. Earlier, the head of the last Boker Magnus held several informal meetings with the chief executive officer of LSE Xavier Rollet, told the British press. At the same time one of the most respected business publications wrote that the stock exchange operators are in talks to expand cooperation, and not a merger.

Despite the declines in the shares rose 5.45% truck manufacturer Scania. In the I half of 2012 net income of Scania reduced by 34% and amounted to 3.25 billion kronor (382.1 million euros), as compared to 4.95 billion euros for the same period last year.

Brewer Heineken added to the capitalization of 1.41% after the news of the intention to repurchase shares brewing company Asia Pacific Breweries Ltd. . The transaction amount is estimated at 4.07 billion dollars

Asian stocks fell, paring a weekly gain in the benchmark regional index, amid speculation China will keep property curbs in place and as U.S. economic reports missed estimates.

Nikkei 225 8,669.87 -125.68 -1.43%

S&P/ASX 200 4,199.1 -7.59 -0.18%

Shanghai Composite 2,165.01 -19.83 -0.91%

Toyota Motor Corp., Asia’s top carmaker by market value, fell 1.7 percent in Tokyo.

Shimao Property Holdings Ltd., a developer that makes all its revenue from China, slumped 2.1 percent in Hong Kong after Xinhua News Agency said the government won’t relax property control policies.

Taiwan Semiconductor Manufacturing Co., a contract manufacturer of chips, declined 1.3 percent in Taipei after saying revenue will “dip” in the fourth quarter because of a weak global economy.

Asian stocks rose, with the benchmark index headed toward its biggest gain in almost three weeks, amid speculation China will do more to boost growth and after U.S. housing starts jumped to the highest in four years.

Nikkei 225 8,795.55 +68.81 +0.79%

S&P/ASX 200 4,206.69 +83.09 +2.02%

Shanghai Composite 2,184.84 +15.74 +0.73%

The Hang Seng China Enterprises Index of Chinese companies listed in the city jumped 2.4 percent as the country’s swap market signaled a further reduction in the reserve ratio requirement for banks.

BHP Billiton Ltd., Australia’s biggest oil producer, increased 2.5 percent as crude prices exceeded $90 a barrel for the first time since May.

Man Wah Holdings Ltd., a sofa maker which gets more than half of its sales from the U.S., climbed 4.9 percent in Hong Kong.

Change % Change Last

Nikkei 225 8,795.55 +68.81 +0.79%

S&P/ASX 200 4,206.69 +83.09 +2.02%

Shanghai Composite 2,184.84 +15.74 +0.73%

FTSE 100 5,714.19 +28.42 +0.50%

CAC 40 3,263.64 +28.24 +0.87%

DAX 6,758.39 +73.97 +1.11%

Dow 12,943 +35 +0.27%

Nasdaq 2,966 +23 +0.79%

S&P 500 1,377 +4 +0.27%