Analytics, News, and Forecasts for CFD Markets: stock news — 24-07-2012.

European stocks retreated for a third day as Moody’s Investors Service lowered its credit outlook for Germany and a measure of manufacturing in the Richmond region of the U.S. plunged.

Elan Corp. tumbled 11 percent after the results of a study for an Alzheimer’s drug failed to show that patients’ symptoms improved. Royal KPN NV (KPN) fell 7.3 percent as the company cut its dividend forecast by 61 percent after quarterly net income missed analysts’ estimates. Swatch Group AG (UHR) gained 2.3 percent after posting sales and profit that increased. Man Group Plc (EMG) surged 4.1 percent after saying it will double its cost cuts.

The Stoxx Europe 600 Index (SXXP) slipped 0.5 percent to 250.57 at the close of trading in London.

Germany, the Netherlands and Luxembourg had the outlooks for their Aaa credit ratings lowered to negative by Moody’s after markets closed yesterday. The ratings company cited the risk that Greece will leave the 17-nation euro currency and the “increasing likelihood” of collective support for European countries such as Spain and Italy, according to a statement.

German manufacturing and services output contracted in July more than economists had forecast. An index based on a survey of purchasing managers in the manufacturing industry declined to 43.3 this month from 45 in June.

National benchmark indexes in 15 of the 18 western-European markets retreated today.

FTSE 100 5,499.23 -34.64 -0.63% CAC 40 3,074.68 -26.85 -0.87% DAX 6,390.41 -28.92 -0.45%

STMicroelectronics NV (STM) dropped 4.3 percent to 3.77 euros, after earlier declining as much as 7 percent. Europe’s largest chipmaker forecast third-quarter revenue will grow by about 2.5 percent, indicating sales will miss analysts’ estimates amid weaker demand for the company’s products.

Endesa SA (ELE) fell 5.8 percent to 11.63 euros.

Swatch rose 2.3 percent to 369.90 Swiss francs. The biggest maker of Swiss watches reported first-half profit that beat analysts’ estimates as sales of Omega and Longines timepieces to Chinese consumers increased.

Man Group rallied 4.1 percent to 72 pence. The world’s biggest publicly traded hedge fund manager also said it plans to sell fewer so-called guaranteed products that generate high commissions for employees.

Software AG (SOW) rallied 11 percent to 25.98 euros after the company raised the forecast for its Enterprise Transaction Systems in 2012. Germany’s second-biggest software maker also posted a 46 percent increase in revenue from its Business Process Excellence licenses in the second quarter.

SAP AG (SAP) climbed 3.5 percent to 50.77 euros. The largest maker of business-management software is beating rivals to contracts as companies limit their spending amid slowing economies.

Croda International Plc (CRDA) gained 6.1 percent to 2,364 pence, its lowest price since at least 1989. The maker of cosmetic ingredients reported first-half pretax profit before one-off items of 67.5 million pounds ($105 million). That beat the average estimate of 66.2 million pounds in a survey of analysts

Resistance of 3:1375 (high of July)

Resistance of 2:1356 (Jul 23 low)

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

Current Price: 1337.75

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 консолидируется после вчерашнего снижения, оставаясь незначительно выше области МА(50) для D1. Преодоление данной поддержки откроет дорогу к области июльских минимумов и далее МА(200) для D1.

U.S. stock futures fluctuate amid disappointing earnings from several companies and as Moody’s Investors Service’s cut the outlook on Germany’s rating. 

Global Stocks:

Nikkei  8,488.09 -20.23 -0.24%
Hang Seng 18,903.2 -150.27 -0.79%
Shanghai Composite 2,146.59 +5.19 +0.24%
FTSE  5,530.37 -3.50 -0.06%
CAC  3,101.77 +0.24 +0.01%
DAX 6,421.95 +2.62 +0.04%
Crude oil $88.00 (-0,16%)
Gold $1579.00 (+0.16%)

European stocks pared their decline, after yesterday completing the biggest two-day drop in eight months.

Germany, the Netherlands and Luxembourg had the outlooks for their Aaa credit ratings lowered to negative by Moody’s Investors Service after markets closed yesterday. The ratings company cited the risk that Greece will leave the 17-nation euro currency and the “increasing likelihood” of collective support for European countries such as Spain and Italy, according to a statement.

A composite index for the euro area’s manufacturing and services industries held at 46.4 in July.

Elan tumbled 13 percent to 9.63 euros, its biggest slide in almost a year. The company’s experimental Alzheimer’s treatment with Pfizer Inc. and Johnson & Johnson failed to improve symptoms of dementia in the first of four pivotal studies testing the drug.

Swatch rose 2.2 percent to 369.50 Swiss francs. The biggest maker of Swiss watches reported first-half profit that beat analysts’ estimates as sales of Omega and Longines timepieces to Chinese consumers increased. Net income rose to 720 million francs ($726 million) from 575 million francs a year earlier, the Biel, Switzerland-based company said in a statement.

FTSE 100 5,534.96 +1.09 +0.02%         

CAC 40 3,097.09    -4.44 -0.14%          

DAX 6,409.83         -9.50 -0.15%  

Asian stocks swung between gains and losses after a private survey showed China’s manufacturing may contract at a slower pace this month and Moody’s Investors Service cut the credit outlook for Germany.

Nikkei 225 8,488.09 -20.23 -0.24%

S&P/ASX 200 4,133.23 +4.29 +0.10%

Shanghai Composite 2,146.59 +5.19 +0.24%

China Railway Construction Corp. Ltd., builder of more than half of the nation’s rail links since 1949, gained 1.8 percent in Hong Kong after signing 20 billion yuan ($3.1 billion) in new contracts.

Nintendo Co., a maker of video-game players that depends on Europe for 34 percent of its sales, dropped 2.1 percent.

SK Telecom Co., the biggest South Korean wireless operator, rose 6 percent in Seoul, after the company’s decision to eliminate some handset subsidies prompted speculation profit will increase.

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.

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.

Change % Change Last

Nikkei 225 8,508.32 -161.55 -1.86%

S&P/ASX 200 4,128.94 -70.18 -1.67%

Shanghai Composite 2,141.4 -27.24 -1.26%

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%