Analytics, News, and Forecasts for CFD Markets: stock news — 23-07-2012.

European stocks plunged the most in three months as concern grew that Greece will default and more Spanish regions will follow Valencia in seeking a bailout.

BNP Paribas SA (BNP) and HSBC Holdings Plc contributed the most to a selloff by a gauge of bank shares. BHP Billiton Ltd. (BHP), the world’s largest mining company, retreated 2.8 percent as a policy maker in China warned of slowing growth. Groupe Eurotunnel SA slumped 5.8 percent after earnings missed analysts’ estimates. Royal Philips Electronics NV, the biggest lighting company, advanced 5 percent as profit increased.

The Stoxx Europe 600 Index (SXXP) tumbled 2.5 percent to 251.75 the close of trading, the biggest retreat since April 10.

National benchmark indexes fell in all of the 18 western European markets.

FTSE 100 5,533.87 -117.90 -2.09%, CAC 40 3,101.53 -92.36 -2.89%, DAX 6,419.33 -210.69 -3.18%

Spanish and Italian lenders reversed their losses after regulators imposed bans on short selling. Banco Santander SA (SAN), Spain’s biggest bank, rose 1 percent to 4.23 euros, erasing a 5.1 percent decline. Bankia SA (BKIA) advanced 7.6 percent to 66.5 euro cents after earlier dropping as much as 9.6 percent. UniCredit SpA (UCG) closed 0.2 percent lower at 2.43 euros, after tumbling as much as 7.5 percent.

Italy’s market regulator, Consob, introduced a week-long ban on short selling shares of some banking and insurance companies because of the “recent performance of stock markets.” Spain banned short-selling of all shares for three months.

Eurotunnel (GET) plunged 5.8 percent to 5.92 euros, the largest decline in 10 months. The company that operates the rail tunnels beneath the English Channel reported first-half earnings before interest, taxes, depreciation and amortization of 205 million euros. That missed the average analyst estimate of 224 million euros in a Bloomberg survey.

Wereldhave NV (WHA) plummeted 13 percent to 45.58 euros, the largest drop since at least 1989. The Dutch real estate company abandoned its dividend targets for this year and next as Chief Executive Officer Hans Pars quit.

Philips climbed 5 percent to 17.03 euros, the biggest gain this year. The company reported an increase in second-quarter profit as Chief Executive Officer Frans van Houten extended a savings program into a second year.

U.S. stocks fell on concern Europe’s debt crisis is deepening and as a Chinese central-bank adviser said economic growth may slow further.

Currently:

Dow 12,666.55 -156.02 -1.22%
Nasdaq 2,872.09 -53.21 -1.82%
S&P 500 1,343.35 -19.31 -1.42%

Resistance of 3:1375 (high of July)

Resistance of 2:1356 (session high)

Resistance of 1:1348 (MA (200) for H1)

Current Price: 1333.35

Support 1:1330 (Jul 13 low, MA (50) for D1)

Support 2:1320 (low of July, 50,0% FIBO 1265-1375)

Support 3:1313 (MA (200) for D1)

Комментарии: фьючерс приближается область к МА(50) для D1. Преодоление данной поддержки откроет дорогу к области июльских минимумов и далее МА(200) для D1.

U.S. stock futures declined amid concern Europe’s debt crisis is deepening and after a Chinese central-bank adviser said growth may slow further.

Global Stocks:

Nikkei 8,508.32 -161.55 -1.86%
Hang Seng 19,053.47 -587.33 -2.99%
Shanghai Composite 2,141.4 -27.24 -1.26%
FTSE  5,518.6 -133.17 -2.36%
CAC  3,109.2 -84.69 -2.65%
DAX 6,433.86 -196.16 -2.96%
Crude oil: $88.26 (-3,89%)
Gold 1566.70 (-1.02%)

European stocks had the biggest two- day drop since April as concern grew that Greece will default and more Spanish regions will follow Valencia in seeking a bailout.

The troika of Greece’s international creditors -- the European Commission, the European Central Bank and the International Monetary Fund -- will arrive in Athens tomorrow amid doubts that the country will meet its bailout commitments. German Vice Chancellor Philipp Roesler said he’s “very skeptical” European leaders will be able to rescue Greece.

The IMF will stop paying further rescue aid to Greece, making the country’s insolvency in September more likely, Der Spiegel magazine reported yesterday, citing unidentified European Union officials.

Spain’s Balearic Islands and Catalonia are among six Spanish regions that may ask for aid from the central government after Valencia sought a bailout on July 20, El Pais reported, without citing anyone. Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to access the recently created emergency-loan fund that Valencia said it would use last week, the newspaper said.

A gauge of banks in the Stoxx 600 fell 3.1 percent, for the biggest drop among 19 industry groups. BNP Paribas, France’s biggest lender, slid 4.7 percent to 27.18 euros. Banco Santander SA declined 3.4 percent to 4.05 euros, extending last week’s 10 percent plunge. Bankia SA lost 7.9 percent to 57 euro cents.

BHP Billiton fell 3.3 percent to 1,757.5 pence. Petropavlovsk Plc, a producer of gold in Russia, retreated 4.5 percent to 382.5 pence. Lonmin Plc, the third- biggest platinum producer, sank 4.2 percent 678 pence.

Philips climbed 7.6 percent to 17.45 euros. The company reported an increase in second-quarter profit as Chief Executive Officer Frans van Houten extends a savings program into a second year. Earnings before interest, taxes, amortization and other one-time items rose to 450 million euros compared with 371 million euros a year earlier, the company said.

FTSE 100 5,559.19 -92.58 -1.64%        

CAC 40 3,128.32    -65.57 -2.05%        

DAX 6,519.27         -110.75 -1.67%          

Asian stocks dropped, with the regional benchmark index headed for the biggest two-day loss in seven weeks, after a Chinese central bank adviser forecast economic growth will slow further and on renewed concern that Greece may not meet its bailout targets.

Nikkei 225 8,508.32 -161.55 -1.86%

S&P/ASX 200 4,128.9 -70.22 -1.67%

Shanghai Composite 2,141.39 -27.24 -1.26%

Samsung Electronics Co., which gets 47 percent of its revenue in China and Europe, lost 2.4 percent in Seoul.

HSBC Holdings Plc, Europe’s largest bank, slumped 4.6 percent, its biggest drop since November.

BHP Billiton Ltd., the world’s No. 1 mining company, lost 2.6 percent in Sydney amid concern about global economic growth.

Gauges of volatility in Asia rose, reflecting increasing risk aversion among investors.

Asian stocks fell, paring a weekly gain in the benchmark regional index, amid speculation China will keep property curbs in place and as U.S. economic reports missed estimates.

Nikkei 225 8,669.87 -125.68 -1.43%

S&P/ASX 200 4,199.1 -7.59 -0.18%

Shanghai Composite 2,165.01 -19.83 -0.91%

Toyota Motor Corp., Asia’s top carmaker by market value, fell 1.7 percent in Tokyo.

Shimao Property Holdings Ltd., a developer that makes all its revenue from China, slumped 2.1 percent in Hong Kong after Xinhua News Agency said the government won’t relax property control policies.

Taiwan Semiconductor Manufacturing Co., a contract manufacturer of chips, declined 1.3 percent in Taipei after saying revenue will “dip” in the fourth quarter because of a weak global economy.