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Analytics, News, and Forecasts for CFD Markets: stock news — 20-09-2012.
European stocks declined for the third time in four days after a report signaled that Chinese manufacturing will contract for an 11th month, adding to concern the global economic slowdown is deepening.
China’s manufacturing industry will contract in September, according to the preliminary reading of a purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics. The result of 47.8 compared with a final 47.6 last month. A reading above 50 indicates expansion.
A composite index for services and manufacturing activity in the euro area fell in September more than economists had projected. The PMI slipped to 45.9, its lowest since June 2009, from 46.3 last month.
National benchmark indexes declined in 12 of the 18 western-European markets. Germany’s DAX slid less than 0.1 percent, while the U.K.’s FTSE 100 and France’s CAC 40 each dropped 0.6 percent.
BHP Billiton Ltd. and Anglo American Plc declined 2.3 percent to 1,954.5 pence and 4.4 percent to 1,944 pence, respectively, contributing the most to a retreat by a gauge of mining companies following the Chinese manufacturing report.
Vedanta Resources Plc, India’s largest copper producer, fell 2.4 percent to 1,054 pence. Evraz Plc, the mining company and steelmaker partly owned by billionaire Roman Abramovich, slumped 6 percent to 260.8 pence.
Daimler retreated 2 percent to 39.23 euros as the world’s third-largest luxury vehicle maker said earnings from its car division will drop in the second half of 2012. Bayerische Motoren Werke AG, the biggest manufacturer of luxury cars, lost 2.9 percent to 59.44 euros.
U.S. stock-index futures fell as data from China to Japan and U.S. increased concern a global economic slowdown is worsening.
Global Stocks:
Nikkei 9,086.98 -145.23 -1.57%
Hang Seng 20,590.92 -250.99 -1.20%
Shanghai Composite 2,024.84 -42.99 -2.08%
FTSE 5,845.27 -43.21 -0.73%
CAC 3,499.25 -32.57 -0.92%
DAX 7,350.31 -40.45 -0.55%
Crude oil $91.71 -0,29%
Gold $1767.70 -0.23%
Decline began trading Friday, the major stock indexes in Europe. N the course of trade influenced stat data published today.
Increase in the index of producer prices in Germany rose by 0.1% more than analysts had forecast. Well above forecasts were data on activity in the manufacturing and service sectors of Germany and the eurozone.
The market is waiting for data from the labor market, and the U.S. Manufacturing PMI,
As a speech today will be a member of the Federal Open Market Committee, the Fed and Pyanalto D. Lockhart, and ECB President Mario Draghi.
To date:
FTSE 100 5,850.34 -38.14 -0.65%
CAC 40 3,499.26 -32.56 -0.92%
DAX 7,347.84 -42.92 -0.58%
Pirelli & Cie shares lost 1.8% due to the fact that analysts at Citigroup Inc downgraded shares.
Asian stocks fell, with the regional benchmark retreating from its highest close since May, after Japan’s exports fell a third month and on signs China’s manufacturing may contract an 11th month, adding to concern the global economic slowdown is deepening.
Nikkei 225 9,086.98 -145.23 -1.57%
S&P/ASX 200 4,397.2 -21.16 -0.48%
Shanghai Composite 2,026.45 -41.38 -2.00%
Kyocera Corp., a maker of electronic parts that gets more than half of its sales outside Japan, slid 2.9 percent.
Nippon Telegraph & Telephone Corp. surged 7.1 percent after Japan’s leading fixed-line phone company said it plans to buy back as much as 3.4 percent of its shares.
Billabong International Ltd. slumped 6.9 percent as a second bidder withdrew from the sale of Australia’s largest surfwear company.
Asian stocks rose, with a regional benchmark index poised to close at the highest level since May, as the Bank of Japan boosted asset purchases, joining moves by the Federal Reserve last week to stimulate economic growth.
Nikkei 225 9,232.21 +108.44 +1.19%
S&P/ASX 200 4,418.4 +23.67 +0.54%
Shanghai Composite 2,060.13 +0.59 +0.03%
JFE Holdings Inc., Japan’s second-biggest steelmaker, climbed 2.1 percent after the BOJ moved to prevent a rising yen from undermining an economic recovery.
Nissan Motor Co. advanced 3.7 percent, recovering some of yesterday’s losses, as the carmaker resumed production in China after violent protests targeting Japanese companies in a dispute over control of a group of islands.
Japan Airlines Co. rose 1.1 percent on its first day of trading following the largest initial public offering since Facebook Inc.
European stocks climbed, halting a two-day decline, after the Bank of Japan joined the Federal Reserve in opting for further asset purchases to support the economy and housing starts climbed in the U.S.
European stocks climbed after Japan’s central bank unexpectedly expanded its asset-purchase target by 10 trillion yen ($128 billion) as it seeks to avoid a contraction in the world’s third-largest economy.
National benchmark indexes advanced in 14 of the 18 western-European markets. Germany’s DAX added 0.6 percent, France’s CAC 40 gained 0.5 percent, and the U.K.’s FTSE 100 rose 0.4 percent.
Porsche jumped 7.2 percent to 46.30 euros after the Braunschweig Regional Court dismissed the lawsuits. Porsche has faced multiple legal challenges since it disclosed on Oct. 26, 2008 that it controlled 74.1 percent of VW, partly through options, and was seeking to take over the company.
Inditex rose 3.7 percent to 95.31 euros after the owner of the Zara and Massimo Dutti chains reported a 32 percent jump in first-half net income to 944 million euros ($1.23 billion). The average estimate of 13 analysts compiled by Bloomberg had called for profit of 893.5 million euros. Sales for the six months through July gained 17 percent.
Major U.S. stock indexes rose, supported by data on the U.S. housing market and the Bank of Japan's decision to expand the asset repurchase program.
Published reports have shown that up to August the number of housing starts rose by 2.3% to 750,000 annualized. This was less than the average market forecast at 765,000, but the data on building permits were higher than projected at 803,000 annualized versus expectations of 795,000.
It should be noted that the volume of housing starts increased significantly compared to the level of the beginning of 2009 (575, 000), but are still very far from the values of 2003-2007, which were in the region 2 million
Report on sales in the secondary market recorded sales growth to the level of 4.82 million units compared with an expected 4.58 million
Market participants have responded positively to the decision by the Bank of Japan meeting which ended today. The Japanese central bank left the main interest rate unchanged in the range 0.00% -0.10% while it was decided to expand the program of buying assets. The program of buying assets and loans has been increased by 10 trillion yen to 80 trillion yen. These funds are used to buy government bonds and treasury bills at a discount. Duration of the program extended to December 2013.
As a part of most of the components of the index DOW showed a positive trend. Leaders are stocks Walt Disney Co. (DIS, +1.77%). Most net trading Hewlett-Packard Company (HPQ, -0,89%).
All of the major economic sectors are in positive territory, with the exception of the commodity sector (-0.2%). More than other service sector grew (+0.8%).
Manufacturer of glass for flat-screen televisions Corning advanced 2.4% after analysts at Goldman Sachs recommended buying its shares.
Agricultural biotechnology Monsanto rose by 2.5% on news of its inclusion in the list of shares to "buy with prejudice" of the same analysts Goldman Sachs.
Pharmaceutical company Questcor Pharmaceutical fell 45% on news that the third-largest health insurer Aetna canceled coverage costs only drug of Acthar for most indications, except for one.Change % Change Last
Nikkei 225 9,232.21 +108.44 +1.19%
S&P/ASX 200 4,418.4 +23.67 +0.54%
Shanghai Composite 2,060.13 +0.59 +0.03%
FTSE 100 5,888.48 +20.32 +0.35%
CAC 40 3,531.82 +19.13 +0.54%
DAX 7,390.76 +43.07 +0.59%
Dow 13,578 +13 +0.10%
Nasdaq 3,183 +5 +0.16%
S&P 500 1,461 +2 +0.12%
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