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Analytics, News, and Forecasts for CFD Markets: stock news — 21-08-2012.
European (SXXP) stocks advanced as Spain’s borrowing costs fell at a debt sale, while investors awaited bilateral meetings between the leaders of euro-area countries to gauge their progress in tackling the fiscal crisis.
The Stoxx 600 climbed 0.4 percent to 272.58 at the close of trading.
National benchmark indexes gained in every western-European market except Denmark.
FTSE 100 5,857.52 +33.15 +0.57% CAC 40 3,513.28 +32.70 +0.94% DAX 7,089.32 +55.64 +0.79%
In the U.S., house sales and durable-goods orders probably increased in July, economists said before reports this week.
Rio Tinto, the world’s third-largest mining company, gained 2.1 percent to 3,062.5 pence and BHP Billiton added 1.5 percent to 1,980 pence after copper prices climbed in London. A gauge of mining stocks listed on the Stoxx 600 rose 1.7 percent.
Julius Baer Group AG climbed 3.1 percent to 32.36 Swiss francs after the company said late yesterday it will reduce its rights offer to 500 million francs ($519 million) from 750 million francs.
Barclays Plc (BARC) gained 3.2 percent to 197.1 pence after saying it has started talks with South Africa’s Absa Group Ltd. to merge their African units. The combination would affect the banks’ assets in Kenya, Botswana, Zambia, Tanzania and Ghana, according to a statement. Barclays bought 54 percent of Absa in 2005 for $4.5 billion.
Straumann plunged 13 percent to 108.80 francs, its lowest price since April 2003. The world’s biggest maker of dental implants reported first-half Ebit of 53.3 million francs, missing the average analyst estimate of 59.3 million francs. The company said it does not expect demand to recover in Europe in the short term.
Nobel Biocare Holding AG (NOBN), the world’s second-largest maker of dental implants, slipped 1.1 percent to 9.17 francs.
Telekom Austria AG (TKA) slid 3.9 percent to 6.45 euros, its lowest price since May 2001.
U.S. stock futures advanced amid speculation that euro-area leaders will make progress in resolving the region’s debt crisis at meetings this week.
Global Stocks:
Nikkei 9,156.92 -14.24 -0.16%
Hang Seng 20,100.09 -4.18 -0.02%
Shanghai Composite 2,118.27 +11.31 +0.54%
FTSE 5,844.87 +20.50 +0.35%
CAC 3,505.16 +24.58 +0.71%
DAX 7,072.83 +39.15 +0.56%
Crude oii $97.08 +1,16%
Gold $1638.60 +0.96
There is currently no scheduled release of important macroeconomic data.
Today the head of the Eurogroup Jean-Claude Juncker, who is sent to the talks in Athens, Greek Prime Minister himself Antonis Samaras will visit Berlin on Friday, and German Chancellor Angela Merkel on Thursday to hold talks with French President Francois Hollande.
Spanish government debt securities are growing up a little bit, the yield is reduced by 1.25%, to 6.34%. Similar dynamics in bonds and Italy.
German papers, which are considered the most reliable, conversely, lose in price, and its yield, respectively, growing by 4.33% and amounts to 1.57%. The yield on 10-year securities of France also growing up, though not as significant by just 1%, and is 2.15%.
To date:
FTSE 100 5,839.56 +15.19 +0.26%
CAC 40 3,501.12 +20.54 +0.59%
DAX 7,057.34 +23.66 +0.34%
Asian stocks rose, with the regional benchmark index heading for a three-month high, as China moved to alleviate a cash crunch and ahead of U.S. reports that are expected to show the world’s biggest economy is improving.
Nikkei 225 9,156.92 -14.24 -0.16%
S&P/ASX 200 4,383.4 +19.11 +0.44%
Shanghai Composite 2,115.36 +8.40 +0.40%
Taiwan Semiconductor Manufacturing Co., the world’s biggest contract manufacturer of computer chips, gained 1.5 percent in Taipei.
Asia Pacific Breweries Ltd. jumped 4.8 percent in Singapore after Heineken NV raised its offer for a controlling stake in the maker of Tiger beer.
PICC Property & Casualty Co. advanced 6.1 percent in Hong Kong after China’s biggest non-life insurer posted higher first-half earnings.
Asian stocks rose, with the region’s benchmark index set for a third weekly gain, after U.S. housing permits rose to a four-year high, helping temper concerns about the strength of a global recovery.
Nikkei 225 9,162.5 +69.74 +0.77%
S&P/ASX 200 4,370.1 +39.93 +0.92%
Shanghai Composite 2,114.89 +2.69 +0.13%
Santos Ltd. climbed 3.2 percent after the Australian energy explorer said it will begin sales from a shale gas project in October.
Mitsubishi UFJ Financial Group Inc., Japan’s largest publicly traded lender, rose 2.2 percent as German Chancellor Angela Merkel backed the European Central Bank’s conditions for assisting indebted countries.
Samsung Electronics Co., an electronics exporter, fell 3.7 percent in Seoul after resting its case in a patent-infringement trial with Apple Inc.
European (SXXP) stocks fell as Germany’s Bundesbank criticized a European Central Bank plan to lower the region’s sovereign yields through bond purchases, highlighting the rift among policy makers over ways to end the debt crisis.
Lonmin Plc (LMI) slid 4.6 percent on reports it may raise $1 billion in a rights issue after operations at its biggest mine were halted amid deadly violence, the Sunday Times reported. Bankia (BKIA) SA fell 4.6 percent. Heineken NV (HEIA) climbed 1.6 percent after it raised its offer for Asia Pacific Breweries Ltd. Banca Monte dei Paschi di Siena SpA led gainers, jumping 5.1 percent.
The Stoxx 600 dropped 0.5 percent to 271.50 at the close of trading.
National benchmark indexes fell in 16 of the 18 western European markets.
FTSE 100 5,824.37 -28.05 -0.48% CAC 40 3,480.58 -7.80 -0.22% DAX 7,033.68 -7.20 -0.10%
Lonmin lost 4.6 percent to 610 pence, dropping for a sixth day. The world’s third-biggest platinum miner may raise $1 billion in a rights issue as soon as next month after operations at its biggest mine were halted amid deadly violence citing people close to the situation it didn’t name.
Xstrata Plc (XTA), which owns a 25 percent stake in Lonmin, has signaled that it’s ready to cover its part of the deal, the newspaper said. Xstrata fell 3.4 percent to 907.5 pence. Separately, Deutsche Bank downgraded Lonmin shares to sell from neutral.
Eurasian Natural Resources Corp. (ENRC), a producer of metals in Kazakhstan, fell 3.4 percent to 357 pence. The stock was cut to neutral from outperform at Credit Suisse Group AG.
Credit Agricole SA (ACA) dropped 4.9 percent to 4.10 euros as a gauge of bank shares led declines on the Stoxx 600.
Michael Page International Plc (MPI), a U.K. recruitment company, lost 3.2 percent to 371.1 pence. The stock was cut to sell from neutral at Goldman Sachs Group Inc.
Heineken gained 1.6 percent to 43.84 euros. The world’s third-largest brewer raised its offer for a controlling stake in Asia Pacific Breweries to S$5.6 billion ($4.5 billion).
Banca Monte dei Paschi di Siena jumped 5.1 percent to 22.7 euro cents, paring gains of as much as 17 percent. The world’s oldest bank may become the first Italian lender since the 1990s to have the government as a shareholder as the company weighs further goodwill writedowns.
Home Retail Group Plc (HOME), the owner of Argos stores, gained 3.6 percent to 96.3 pence. The shares were upgraded to hold from sell at Deutsche Bank.
Amlin Plc (AML) climbed 2.1 percent to 389.1 pence. The insurer reported a first-half pre-tax profit of 184.5 million pounds ($289 million) compared with a 192.3 million pound loss in the same period last year.Change % Change Last
Nikkei 225 9,171.16 +8.66 +0.09%
S&P/ASX 200 4,364.3 -5.80 -0.13%
Shanghai Composite 2,106.81 -8.09 -0.38%
FTSE 100 5,824.37 -28.05 -0.48%CAC 40 3,480.58 -7.80 -0.22%
DAX 7,033.68 -7.20 -0.10%
Dow 13,271.72 -3.48 -0.03%
Nasdaq 3,076.21 -0.38 -0.01%
S&P 500 1,418.10 -0.06 -0.00%
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