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Analytics, News, and Forecasts for CFD Markets: stock news — 22-08-2012.
European stocks slid the most in almost three weeks as Japan reported a wider-than-expected trade deficit and investors awaited the outcome of meetings between the leaders of countries in the euro area.
BHP Billiton Ltd. (BHP) slid 1.7 percent after the world’s biggest mining company put $68 billion of projects on hold.
Heineken NV (HEIA), which last week increased its offer to gain control of Asia Pacific Breweries Ltd., lost 1.1 percent after posting first-half earnings that missed analysts’ estimates because of higher costs.
Man Group Plc (EMG) sank 4.4 percent as the hedge-fund manager reported a drop in assets at its flagship fund.
The Stoxx Europe 600 Index (SXXP) declined 1.2 percent to 269.27 at the close, its biggest retreat since Aug. 2.
National benchmark indexes declined in every western-European market.
FTSE 100 5,774.2 -83.32 -1.42% CAC 40 3,461.65 -51.63 -1.47% DAX 7,017.75 -71.57 -1.01%
BHP Billiton slid 1.7 percent to 1,947 pence after saying that it will not approve any further spending on major projects this fiscal year. The commodity producer also posted net income of $5.5 billion for the six months ended June 30, compared with $13.1 billion a year earlier, according to a calculation.
Rio Tinto Group, the world’s third-biggest mining company, declined 2.7 percent to 2,979.5 pence, as a gauge of miners dropped the most of the 19 industry groups on the Stoxx 600.
Anglo American Plc (AAL) slid 3.7 percent to 1,910 pence after JPMorgan Chase & Co. downgraded the shares to underweight from neutral, meaning that investors should sell the holdings. The brokerage said that Anglo American was the most expensive large mining company when valued on its earnings.
Heineken slipped 1.1 percent to 44 euros after the world’s third-largest brewer said costs to produce its beer will climb 8 percent this year, rather than the 6 percent increase that it had forecast. The company also posted earnings before interest and taxes, excluding some items, of 1.27 billion euros ($1.6 billion). That compared with the 1.31 billion-euro average estimate for profit on that basis survey of analysts. The figure represents a so-called organic decrease of 5.5 percent, compared with the median estimate of 9 analysts for a 0.5 percent increase.
Man declined 4.4 percent to 76.8 pence after the fund manager said the net asset value of its Man AHL Diversified fund fell 1.4 percent last week.
Vestas Wind Systems A/S (VWS) slumped 6.4 percent to 31.77 kroner after the Aarhus, Denmark-based wind-turbine maker said it will cut another 1,400 jobs to lower costs by more than 250 million euros. The company also reiterated full-year targets for revenue of 6.5 billion euros to 8 billion euros and a margin before interest and taxes of zero to 4 percent.
U.S. stock futures fell as Japan posted a wider-than-expected trade deficit and investors awaited minutes of the last Federal Reserve meeting.
Global Stocks:
Nikkei 9,131.74 -25.18 -0.27%
Hang Seng 19,887.78 -212.31 -1.06%
Shanghai Composite 2,107.71 -10.56 -0.50%
Topix 762.73 -2.53 -0.33%
FTSE 5,785.67 -71.85 -1.23%
CAC 3,479.27 -34.01 -0.97%
DAX 7,019.58 -69.74 -0.98%
Crude oil $96.40 -0,45%
Gold $1641.60 -0.08%
Negative impact on the indices had a statement of the Prime Minister of Greece, Antonis Samaras told the German media, he said that Greece needs more time to implement reforms.
As the pressure is weaker than expected, the statistics on foreign trade in Japan. According to the Japanese Ministry of Finance, the negative trade balance of the country in July totaled 517.4 billion yen ($ 6.5 billion).
Today, the ECB held an auction to provide dollar liquidity in the scrip by 8.45 bln 0.64% for 7 days. The yield on 10-year bonds of Portugal fell below 9%.
To date:
FTSE 100 5,797.35 -60.17 -1.03%
CAC 40 3,489.32 -23.96 -0.68%
DAX 7,035.96 -53.36 -0.75%
Heineken NV shares fell 2.9% Capitalization STMicroelectronics NV fell 1.2% after Dell Inc. lowered its forecast for this year relative to demand for personal computers.
Asian stocks dropped, with the regional gauge retreating from a three-month high, after Japan reported a wider-than-expected trade deficit and as investors await developments from a euro-area finance ministers meeting this week to discuss details of the bailout package for Greece.
Nikkei 225 9,131.74 -25.18 -0.27%S&P/ASX 200 4,376 -7.38 -0.17%
Shanghai Composite 2,098.21 -20.06 -0.95%
Canon Inc., a camera maker that gets 31 percent of sales from Europe, fell 1.1 percent in Tokyo.
Samsung Electronics Co., the world’s largest maker of computer memory chips, slid 1.4 percent after customer Dell Inc. cut its full-year profit forecast amid a slump in demand for personal computers.
Woodside Petroleum Ltd. declined 3.1 percent in Sydney after Australia’s No. 2 oil producer posted first-half profit that missed analyst estimates.
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.
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.
Growth indexes started the session, with the S & P 500 update the maximum of 2012, but in the end could not hold its positions and closed in the red.
Support indices early in the session had expectations of market participants about the fact that at the meeting of leaders of the European Union, which will take place this week, there will be progress in resolving the debt crisis in the region.
However, against the background of the holiday season and a reduction of forces buyers was not enough to continue to grow and overcome important resistance levels as the highs of 2012.
The pressure on the index was technical factors: charts indices indicate overbought and some excessive recent growth, which was based on expectations and was not supported by fundamentals.
News background was limited.
In the composition of the index components DOW demonstrate predominantly negative dynamics. More than others and the share price rose JPMorgan Chase (JPM, +1.74%). Below are the remaining stock Verizon Communications (VZ, -1.76%).
Branches in the context of almost all major sectors of the index S & P is in the red. More rest down the technology sector (-0.6%) and the conglomerate sector (-0.6%). Growth shows only the financial sector (+0.2%).
To date:
Dow 13,203.58 -68.06 -0.51%
Nasdaq 3,067.26 -8.95 -0.29%
S & P 500 1,413.19 -4.94 -0.35%Change % Change Last
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%
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%
Dow 13,203.58 -68.06 -0.51%
Nasdaq 3,067.26 -8.95 -0.29%
S&P 500 1,413.19 -4.94 -0.35%
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