Analytics, News, and Forecasts for CFD Markets: stock news — 20-10-2014.

Stock indices closed lower on disappointing corporate earnings.

Germany's Bundesbank said in its monthly bulletin that Germany's economy barely grew at in the third quarter and the outlook for the fourth quarter is cautious. Bundesbank noted that the economy in Germany was unlikely to enter recession.

German producer price index was flat in September, missing expectations for a 0.1% gain, after a 0.1% decline in August.

On a yearly basis, German producer price index fell 1.0% in September, in line with expectations, after a 0.8% drop in August.

Eurozone's current account surplus declined to 18.9 billion euros in August from a surplus of 21.6 billion euros in July, missing expectations for a current account surplus of 21.3 billion euros. July's figure was revised up from a surplus of EUR18.7 billion.

Royal Philips NV shares decreased 3.4% after missing third-quarter sales and profit analysts' estimates.

SAP SE shares fell 5.7% after the company lowered its full-year earnings forecast.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,267.07 -43.22 -0.68%

DAX 8,717.76 -132.51 -1.50%

CAC 40 3,991.24 -41.94 -1.04%

U.S. stock-index futures fell as International Business Machines Corp. cut its earnings outlook.

Global markets:

Nikkei 15,111.23 +578.72 +3.98%

Hang Seng 23,070.26 +47.05 +0.20%

Shanghai Composite 2,356.73 +15.54 +0.66%

FTSE 6,257.52 -52.77 -0.84%

CAC 3,981.63 -51.55 -1.28%

DAX 8,727.83 -122.44 -1.38%

Crude oil $82.80 (+0.07%)

Gold $1246.30 (+0.59%)

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

Upgrades:

Freeport-McMoRan (FCX) upgraded to Neutral from Sell at Citigroup

American Express (AXP) upgraded to Buy from Hold at Sandler O'Neill

Downgrades:

Other:

Stock indices traded lower on the weaker-than-expected corporate earnings.

German producer price index was flat in September, missing expectations for a 0.1% gain, after a 0.1% decline in August.

On a yearly basis, German producer price index fell 1.0% in September, in line with expectations, after a 0.8% drop in August.

Eurozone's current account surplus declined to 18.9 billion euros in August from a surplus of 21.6 billion euros in July, missing expectations for a current account surplus of 21.3 billion euros. July's figure was revised up from a surplus of EUR18.7 billion.

Royal Philips NV shares decreased 3.3% after missing third-quarter sales and profit analysts' estimates.

SAP SE shares fell 4.4% after the company lowered its full-year earnings forecast.

Current figures:

Name Price Change Change %

FTSE 100 6,260.78 -49.51 -0.78 %

DAX 8,756.25 -94.02 -1.06 %

CAC 40 3,999.27 -33.91 -0.84 %

Asian stock indices closed higher following Friday's gains on Wall Street. Stocks were supported by Friday's strong U.S. economic data. The Reuters/Michigan consumer sentiment index rose to 86.4 in October from 84.6 in September, beating forecasts of a decline to 84.3.

Housing starts in the U.S. climbed 6.3% to 1.017 million annualized rate in September from a 957,000 pace in August, in line with expectations.

Japanese stocks advanced on Government Pension Investment Fund (GPIF) report. The Nikkei newspaper said that Japan's Government Pension Investment Fund will raise its target for local shares to around 25% from 12%.

NEC Corp. shares climbed 6.5% on a report the company's half-year operating profit will rise.

Toyota Motor Corp. shares rose 5.2% on a weaker yen.

Indexes on the close:

Nikkei 225 15,111.23 +578.72 +3.98 %

Hang Seng 23,070.26 +47.05 +0.20 %

Shanghai Composite 2,356.73 +15.54 +0.66 %