Analytics, News, and Forecasts for CFD Markets: stock news — 23-06-2015.

Polish equity market was modestly lower on Tuesday, with the broad market measure, the WIG index, sliding 0.16%. Sector-wise, chemicals (-1.61%) and oil & gas sector names (-1.22%) tumbled the most, while materials (+1.30%) fared the best.

Large-cap stocks lost 0.36% as measured by the WIG30 Index. PGNIG (WSE: PGN) was the biggest loser in the group, declining 3.74% on expected further cuts in gas price by Poland's energy market regulator. It was followed by yesterday's best performer GRUPA AZOTY (WSE: ATT), retreating 3.31%. GTC (WSE: GTC), MBANK (WSE: MBK), ENERGA (WSE: ENG) and BZWBK (WSE: BZW) also recorded notable losses, ranging between 2% and 2.5%. On the contrary, HANDLOWY (WSE: BHW) became the growth leader, advancing 2.12%. Other major gainers included JSW (WSE: JSW), KGHM (WSE: KGH) and ING BSK (WSE: ING), adding 1.83%, 1.45% and 1.08% respectively.

Stock indices closed higher on hopes for a deal between Athens and its creditors. The head of the Eurogroup Jeroen Dijsselbloem said after the Eurogroup's meeting on Monday that a deal between Greece and its creditors could be reached this week.

"I am convinced that we will find an agreement this week. It's vital"." the EU's Economic and Financial Affairs Commissioner Pierre Moscovici said last night.

Meanwhile, the economic data from the Eurozone was better-than-expected. Eurozone's preliminary manufacturing PMI increased to 52.5 in June from 52.2 in May. Analysts had expected index to remain unchanged at 52.2.

Eurozone's preliminary services PMI rose to 54.4 in June from 53.8 in May. Analysts had expected the index to fall to 53.6.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year, depending on the outcome of the Greek debt talks.

He also said that the figures indicate a 0.4% growth of the economy in the Eurozone in the second quarter.

Germany's preliminary manufacturing PMI climbed to 51.9 in June from 51.1 in May, exceeding forecasts of an increase to 51.3.

Germany's preliminary services PMI was up to 54.2 in June from 53.0 in May. Analysts had expected index to remain unchanged at 53.0.

Markit's economist Oliver Kolodseike noted that the figures showed "a mixed picture of the health of Germany's private sector economy".

France's preliminary manufacturing PMI rose to 50.5 in June from 49.4 in May, beating forecasts of a rise to 49.5.

France's preliminary services PMI increased to 54.1 in June from 52.8 in May, beating expectations for a decline to 52.6. It was the highest level since August 2011.

The Senior Economist at Markit Jack Kennedy said that "the figures bode well for second quarter GDP".

The Confederation of British Industry (CBI) released its industrial order books balance on Tuesday. The CBI industrial order books balance dropped to -7% in June from -5% in May, missing expectations for a rise to +1%.

The decline was driven by lower exports. The export order book balance fell to -17% in June from -7% in May.

The balance for output volumes for the next three months rose to +16% in June from +15% in May.

"Output and overall orders are still doing better than average but hopes that export demand would start to drive forward have not yet been fulfilled. Improving momentum in the Eurozone is being offset by the effect of the strengthening pound on UK manufacturers' overseas sales and margins. On top of that, the ongoing Greek saga is causing uncertainty," the CBI director of economics Rain Newton-Smith said.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,834.87 +9.20 +0.13 %

DAX 11,542.54 +82.04 +0.72 %

CAC 40 5,057.68 +59.07 +1.18 %

Federal Reserve Governor Jerome Powell said on Tuesday that the Fed could raise its interest rate twice this year, starting in September.

"What I would say is that, if my forecast for the economy were to be realized, and that forecast includes significantly strong growth than we've realized in the first half of the year, continued progress in the labour market and a greater basis for confidence of inflation returning to 2% goal over the medium term. If those things are realized, I feel that it will be time, potentially, as soon as September," he said.

Powell add that the second interest rate hike could follow in December.

Fed governor pointed out that he does not see a bubble in stock prices.

Major U.S. stock-indexes are little changed on Tuesday on continued expectations that Greece is near a deal that will prevent it from defaulting on loans, and data pointing to a rebound in business investment plans. Global markets were higher, with European shares climbing to a three-week high, after Athens proposed new reforms on Monday, which were cautiously welcomed by euro zone finance ministers. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.4 percent last month, offering a tentative sign of stabilization in the manufacturing sector after activity weakened early this year.

Dow stocks trading mixed (14 in negative area, 16 in positive area). Top looser - Intel Corporation (INTC, -0.90%). Top gainer - UnitedHealth Group Incorporated (UNH, +1.58).

S&P index sectors also mixed. Top gainer - Basic materials (+0,4%). Top looser - Utilities (-0.8%)

At the moment:

Dow 18073.00 +48.00 +0.27%

S&P 500 2116.00 +3.25 +0.15%

Nasdaq 100 4529.75 -3.00 -0.07%

10-year yield 2.40% +0.04

Oil 61.00 +0.62 +1.03%

Gold 1179.00 -5.10 -0.43%

The Federal Reserve Bank of Richmond released its survey of manufacturing activity on Tuesday. The lender said that "manufacturing activity grew modestly in June".

The composite index for manufacturing rose to 6 in June from 1 in June.

The increase was driven by higher volume of new orders, which rose 9 points to 11 in June.

The U.S. Commerce Department released new home sales data on Tuesday. New home sales increased 2.2% to a seasonally adjusted annual rate of 546,000 units in May from 534,000 units in April. It was the highest level since February 2008.

April's figure was revised up from 517,000 units.

Analysts had expected new home sales to reach 525,000 units.

The increase was driven by higher sales in the Northeast. New home sales in the Northeast climbed 87.5% in May.

The median sales price of new houses sold was $282,800 in May, down from $291,100 in April.

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the U.S. on Tuesday. The U.S. preliminary manufacturing purchasing managers' index (PMI) declined to 53.4 in June from 54.0 in May, missing expectations for an increase to 54.2. It was the lowest level since October 2013.

A reading above 50 indicates expansion in economic activity.

The decline was driven by a slower output growth.

"While the survey data points to the economy rebounding in the second quarter, the weak PMI number for June raises the possibility that we are seeing a loss of momentum heading into the third quarter " Markit Chief Economist Chris Williamson.

The European Central Bank (ECB) Tuesday raised the amount the Greek central bank can lend its banks (the emergency liquidity assistance (ELA)) by "a bit less than one billion euros" to around €89 billion, according to Reuters. It was the fourth increase in less than a week.

The ECB had raised the ELA by €1.9 billion, according to Bloomberg.

The Federal Housing Finance Agency (FHFA) released its monthly house price index for the U.S. on Tuesday. The U.S. house price index rose 0.3% on a seasonally adjusted basis in April, after a 0.3% gain in March.

On a yearly basis, the house price index climbed 5.3% in April.

U.S. stock-index futures rose, indicating equities will gain a second day, as investors assess economic data and optimism grew that a deal on Greek aid is within reach.

Global markets:

Nikkei 20,809.42 +381.23 +1.87%

Hang Seng 27,333.46 +252.61 +0.93%

Shanghai Composite 4,575.12 +96.76 +2.16%

FTSE 6,846.07 +20.40 +0.30%

CAC 5,060.63 +62.02 +1.24%

DAX 11,591.89 +131.39 +1.15%

Crude oil $59.85 (-0.89%)

Gold $1178.40 (-0.47%)

The U.S. Commerce Department released durable goods orders data on Tuesday. The U.S. durable goods orders dropped 1.8% in May, missing expectations for a 0.5% decrease, after a 1.5% decline in April. April's figure was revised down from a 0.5% fall.

The decline was partly driven by lower orders for aircraft. Orders for nondefense aircraft dropped 35.3.0% in May.

The U.S. durable goods orders excluding transportation rose 0.5% in May, missing expectations for a 0.6% gain, after a 0.3% decrease in April.

A stronger U.S. dollar weighs on U.S. exports and makes imports more attractive for consumers in the U.S.

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The Italian statistical office Istat released its retail sales data for Italy on Tuesday. Italian retail sales climbed at a seasonally adjusted rate of 0.7% in April, after a 0.1% decline in March.

On a yearly basis, retail sales in Italy were flat in April, after a 0.2% decrease in March.

Sales of food products dropped 0.8% year-on-year in April, while sales of non-food products climbed by 0.6%.

The Italian statistical office Istat released its industrial orders data for Italy on Tuesday. Industrial orders in Italy rose at a seasonally adjusted rate of 5.4% in April, after a 0.2% decline in March.

On a yearly basis, the unadjusted industrial orders in Italy jumped 7.9% in April, after a 2.7% gain in March.

The seasonally adjusted industrial turnover in Italy fell 0.6% in April, after a 1.4% rise in March.

On a yearly basis, the adjusted industrial turnover in Italy declined 0.2% in April, after a 0.9% increase in March.

The Confederation of British Industry (CBI) released its industrial order books balance on Tuesday. The CBI industrial order books balance dropped to -7% in June from -5% in May, missing expectations for a rise to +1%.

The decline was driven by lower exports. The export order book balance fell to -17% in June from -7% in May.

The balance for output volumes for the next three months rose to +16% in June from +15% in May.

"Output and overall orders are still doing better than average but hopes that export demand would start to drive forward have not yet been fulfilled. Improving momentum in the Eurozone is being offset by the effect of the strengthening pound on UK manufacturers' overseas sales and margins. On top of that, the ongoing Greek saga is causing uncertainty," the CBI director of economics Rain Newton-Smith said.

Stock indices traded higher on hopes for a deal between Athens and its creditors. The head of the Eurogroup Jeroen Dijsselbloem said after the Eurogroup's meeting on Monday that a deal between Greece and its creditors could be reached this week.

"I am convinced that we will find an agreement this week. It's vital"." the EU's Economic and Financial Affairs Commissioner Pierre Moscovici said last night.

Meanwhile, the economic data from the Eurozone was better-than-expected. Eurozone's preliminary manufacturing PMI increased to 52.5 in June from 52.2 in May. Analysts had expected index to remain unchanged at 52.2.

Eurozone's preliminary services PMI rose to 54.4 in June from 53.8 in May. Analysts had expected the index to fall to 53.6.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year, depending on the outcome of the Greek debt talks.

He also said that the figures indicate a 0.4% growth of the economy in the Eurozone in the second quarter.

Germany's preliminary manufacturing PMI climbed to 51.9 in June from 51.1 in May, exceeding forecasts of an increase to 51.3.

Germany's preliminary services PMI was up to 54.2 in June from 53.0 in May. Analysts had expected index to remain unchanged at 53.0.

Markit's economist Oliver Kolodseike noted that the figures showed "a mixed picture of the health of Germany's private sector economy".

France's preliminary manufacturing PMI rose to 50.5 in June from 49.4 in May, beating forecasts of a rise to 49.5.

France's preliminary services PMI increased to 54.1 in June from 52.8 in May, beating expectations for a decline to 52.6. It was the highest level since August 2011.

The Senior Economist at Markit Jack Kennedy said that "the figures bode well for second quarter GDP".

Current figures:

Name Price Change Change %

FTSE 100 6,836.74 +11.07 +0.16 %

DAX 11,563.99 +103.49 +0.90 %

CAC 40 5,048.82 +50.21 +1.00 %

The French statistical office Istat released its manufacturing confidence index for France on Tuesday. The French manufacturing confidence index declined to 100 in June from 103 in May. It was the first fall in three months.

Past change in production index plunged to 7% in June from 16 in May.

Personal production expectations index remained unchanged at 6 in June, while general production outlook index declined to -2 in June from -1 in March.

France's preliminary manufacturing PMI rose to 50.5 in June from 49.4 in May, beating forecasts of a rise to 49.5.

France's preliminary services PMI increased to 54.1 in June from 52.8 in May, beating expectations for a decline to 52.6. It was the highest level since August 2011.

The Senior Economist at Markit Jack Kennedy said that "the figures bode well for second quarter GDP".

Germany's preliminary manufacturing PMI climbed to 51.9 in June from 51.1 in May, exceeding forecasts of an increase to 51.3.

Germany's preliminary services PMI was up to 54.2 in June from 53.0 in May. Analysts had expected index to remain unchanged at 53.0.

Markit's economist Oliver Kolodseike noted that the figures showed "a mixed picture of the health of Germany's private sector economy".

Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Tuesday. Eurozone's preliminary manufacturing PMI increased to 52.5 in June from 52.2 in May. Analysts had expected index to remain unchanged at 52.2.

Eurozone's preliminary services PMI rose to 54.4 in June from 53.8 in May. Analysts had expected the index to fall to 53.6.

Markit's Chief Economist Chris Williamson said that Eurozone's economy is expected to grow around 2.0% this year, depending on the outcome of the Greek debt talks.

He also said that the figures indicate a 0.4% growth of the economy in the Eurozone in the second quarter.

The Chinese preliminary HSBC manufacturing Purchasing Managers' Index (PMI) increased to 49.6 in June from 49.2 in May, exceeding expectations for a rise to 49.4.

A reading below 50 indicates contraction of activity.

The output index hit 50.0 in June. New export orders increased.

"On the one hand, the sector shows signs of improvement as output stabilized amid a slight pick-up in total new work, while purchasing activity also rose slightly over the month," Markit economist Annabel Fiddes said.

She added that the Chinese manufacturing sector lost momentum in the second quarter, and the Chinese government may add further measures "to stimulate growth and job creation".

European Commission President Jean-Claude Juncker said on Monday that he and the European Commission offered a 35 billion euro programme for growth-enhancing measures in Greece up to 2020.

"The Commission and I myself were proposing to our Greek friends a program of 35 billion to be disbursed from now and to 2020. This is not money, to put it simply, for the budget, but real money for the real economy. This is not only about budgetary consolidation, fiscal consolidation, although this is of permanent importance - but we need growth and we need jobs in Greece" he said.

One billion could be provided in the second half of this year, Juncker noted.

Stock indices in the U.S.A. and Asia mostly advanced and their gains were broadly driven by hopes that recent proposals by Greek PM Alexis Tsipras will help Greece and its international lenders come to an agreement.

So far there is no deal and no official statements about it, but some positive remarks made by European policymakers after yesterday's summit spurred optimism among market participants.

The Dow Jones industrial average rose by 103.83 points, or 0.58%, to 18,019.78. The Standard & Poor's 500 rose by 12.86 points, or 0.61%, to 2,122.85 (health-care companies gained 0.8%). The Nasdaq Composite gained 36.97 points, or 0.70%, to close at record 5,153.97.

In Asia Hong Kong Hang Seng rose by 0.56%, or 151.36 points, to 27,232.21. China Shanghai Composite Index declined by 0.09%, or 3.91 points, to 4,474.46. Meanwhile the Nikkei rose by 1.53%, or 311.98 points, to 20,740.17.

The Shanghai index continued last week's correction caused by liquidity concerns as new curbs on margin financing and new-share listings weighed on liquidity.