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Analytics, News, and Forecasts for CFD Markets: stock news — 20-11-2012.
European stocks rose for a second day amid speculation the region’s finance ministers will agree on a Greek financing deal and optimism Israelis and Palestinians will sign up to a cease-fire in Gaza.
EasyJet Plc (EZJ) jumped to the highest level in five years, leading travel shares higher, after the budget airline doubled its dividend. Xstrata Plc (XTA) and Glencore International Plc (GLEN) advanced as investors approved their $31 billion merger. Credit Suisse Group AG (CSGN) paced a decline in financial shares, dropping 1.7 percent on plans to reorganize its investment bank.
The Stoxx Europe 600 Index (SXXP) added 0.3 percent to 269.49 at the close of trading, extending yesterday’s 2.2 percent jump to reach a one-week high.
U.S. housing starts unexpectedly climbed 3.6 percent to a four-year high in October. Builders broke ground on 894,000 homes at an annual rate after a 863,000 pace in September, Commerce Department figures showed. The median estimate economists surveyed called for 840,000 starts.
National benchmark indexes rose in 14 of the 18 western European markets today.
FTSE 100 5,748.1 +10.44 +0.18% CAC 40 3,462.06 +22.48 +0.65% DAX 7,172.99 +49.15 +0.69%
Deutsche Bank AG (DBK) slid 1.4 percent to 33.18 euros and Intesa Sanpaolo SpA (ISP) declined 1.1 percent to 1.22 euros.
Fiat SpA (F) dropped 5 percent to 3.31 euros. UBS AG lowered its recommendation on the Italian automaker to neutral from buy, saying it may need to raise between 1.6 billion euros and 2.9 billion euros to finance the purchase of the remaining shares in Chrysler Group LLC.
Exor SpA (EXO), which is Fiat’s biggest shareholder, slipped 3.8 percent to 18.37 euros after UBS also lowered its recommendation on the shares to neutral from buy.
Royal Imtech NV (IM), the Dutch provider of infrastructure for stadiums in this year’s European soccer championship and London Olympics, tumbled 11 percent to 15.68 euros, the biggest drop in more than four years. ABN Amro Bank NV downgraded the shares to sell from buy, saying the company could breach a banking covenant this year.
Accor SA (AC) rallied 3.4 percent to 24.71 euros as Exane BNP Paribas said the hotelier’s profit margins could reach 16 percent to 18 percent by 2016, from 9.5 percent at present.
Swatch Group AG (UHR) increased 1.5 percent to 433.10 francs as the Federation of the Swiss Watch Industry said watch exports rose 13 percent last month from a year earlier.Hewlett-Packard (HPQ) was downgraded to Mkt Perform at Raymond James
Johnson & Johnson (JNJ) was initiated with a Hold at Stifel Nicolaus
UnitedHealth Group (UNH) was initiated with a Buy at Lazard
Intel (INTC) was downgraded to a Neutral at UBS
European stocks were little changed as the region’s finance ministers prepared to meet to discuss Greece’s finances.
Euro-area finance ministers will discuss ways to fill a 15 billion-euro ($19.2 billion) gap in Greece’s public accounts at a meeting scheduled for 5 p.m. in Brussels today. The options under consideration include recycling ECB profits on Greek bonds, charging Greece lower interest rates and extending repayment deadlines.
Moody’s Investors Service downgraded France to Aa1 from Aaa and maintained a negative projection, citing a worsening growth outlook for Europe’s second-largest economy. Standard & Poor’s cut the nation’s rating in January.
Credit Suisse Group AG fell 2.4 percent after saying it will reorganize its investment bank.
Fiat SpA slid 4.6 percent as UBS AG cut its recommendation on the Italian automaker.
FTSE 100 5,733.21 -4.45 -0.08%
CAC 40 3,436.26 -3.32 -0.10%
DAX 7,144.96 +21.12 +0.30%
Asian stocks rose, with the regional benchmark index poised to advance for a third day, as better- than-forecast U.S. home sales boosted optimism in the world’s largest economy.
Nikkei 225 9,142.64 -10.56 -0.12%
S&P/ASX 200 4,385.68 +24.23 +0.56%
Shanghai Composite 2,008.92 -8.06 -0.40%
Techtronic Industries Co., the maker of Ryobi power tools that counts North America as its biggest market, jumped 4.7 percent in Hong Kong.
Samsung Electronics Co., the world’s No. 1 manufacturer of smartphones, gained 2.4 percent in Seoul after a U.S. trade agency agreed to review its patent case versus Apple Inc.
Osaka Securities Exchange Co. added 1.9 percent as shareholders approved its $1.6 billion merger with Tokyo Stock Exchange Group Inc.
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.
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.
Major stock indexes rose significantly in the course of trading, ending at the same session at session highs.
Optimism about the solution to the "fiscal cliff" continues to support the stock indices. Against this background, the S & P
500 shows the maximum daily increase in the past two months.
In addition to addressing the expectations of the "fiscal cliff", today strong growth also founded hope that the finance ministers of the Eurozone at tomorrow's final approval to the selection of the next tranche of financial aid to Greece.
Market confidence also added expectations truce in the Gaza Strip.
Also, investors are hoping that the fall in stock Apple (AAPL) was completed. AAPL shares today rose in value by more than 5.85%, reaching $ 558.55, making the Nasdaq rose above the rest.
Data on sales in the secondary market a significant impact on the dynamics of trade have not had since they came out mixed: as of October value of the index was at 4.79 million units compared with an expected 4.76 million, but the figure for the previous month was revised from 4, 75 million to 4.69 million
All components of the index DOW, except shares Johnson & Johnson (JNJ, -0,13%) and Intel Corporation (INTC, -0.12%), rising. Pressure on shares of INTC have a message about the change management. Shares rose more than other Bank of America Corporation (BAC, +3.67%).
All sectors of the index S & P, except one, are in the black. Maximum growth demonstrates the basic materials sector (+2.0%). In the red is only the utilities sector (-0.1%).
At the close:
Dow 12,795.65 +207.34 +1.65%
Nasdaq 2,916.07 +62.94 +2.21%
S & P 500 1,386.87 +26.99 +1.98%
Change % Change Last
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%
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%
Dow 12,795.65 +207.34 +1.65%
Nasdaq 2,916.07 +62.94 +2.21%
S&P 500 1,386.87 +26.99 +1.98%
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