Analytics, News, and Forecasts for CFD Markets: stock news — 26-06-2012.

Most European stocks declined as demand fell at a Spanish debt auction, U.S. consumer confidence sank to a five-month low and Germany criticized European Union proposals to address the financial crisis for putting too much emphasis on debt sharing.

Demand declined and yields rose at an auction of Spanish debt. Spain sold three-month bills at an average 2.362 percent, compared with 0.846 percent at the last auction on May 22, and six-month bills at an average rate of 3.237 percent, compared with 1.737 percent last month. Demand for the three-month securities was 2.6 times the amount sold, compared with 3.95 times in May, while the bid-to-cover ratio for the six-month bills was 2.82 compared with 4.3.

FTSE 100 5,446.96 -3.69 -0.07%, CAC 40 3,012.71 -8.93 -0.30%, DAX 6,136.69 +4.30 +0.07%

Infineon Technologies AG tumbled the most in three years after cutting its sales forecast.

Bayerische Motoren Werke AG slid 2.6 percent as Citigroup Inc. downgraded the world’s biggest maker of luxury vehicles.

U.S. stocks advanced, rebounding from yesterday’s global selloff in equities, as optimism about housing data tempered concern about Europe’s debt crisis.

Equities rose as residential real estate prices fell in April at the slowest pace in more than a year, adding to signs the U.S. housing market is firming. Confidence among U.S. consumers dropped in June for a fourth consecutive month.

Concern about the euro zone’s debt crisis grew ahead of a European Unit summit on June 28. Spanish and Italian bonds fell as borrowing costs increased at debt sales. German Chancellor Angela Merkel said Europe won’t have shared total liability for debt as long as she lives, according to Reuters, which cited people at a meeting of German coalition parties.

News Corp. rallied 6.1 percent to $21.31. Murdoch, the chairman and CEO, is overseeing internal discussions on whether to separate the company’s publishing business from its entertainment holdings, said two people with knowledge of the matter, who asked not to be identified because a decision isn’t final. In a statement today, News Corp. didn’t say how the company would be divided.

Apollo advanced 8 percent to $35.07 for the largest gain in the Bloomberg U.S. For-Profit Education Index. The company, confronting student reluctance to take on debt amid high unemployment and government investigations of for-profit colleges’ marketing practices, reined in costs during the quarter, said Peter Appert, an analyst at Piper Jaffray & Co.

Dow Chemical Co. slid 1.3 percent to $31.84. The largest U.S. chemical company by revenue was downgraded to neutral from overweight at JPMorgan by equity analyst Jeffrey Zekauskas. The 18-month share-price estimate is $36.

JPMorgan Chase & Co. (JPM) had its recommendation raised and Morgan Stanley (MS) was lowered by analysts at Goldman Sachs Group Inc. who said they have a better view of the near-term earnings outlook for JPMorgan. Shares of JPMorgan increased 1.6 percent to $35.89, while Morgan Stanley added 1 percent to $13.62.

Resistance of 3:1340 (Jun 20 low)

Resistance of 2:1330 (Jun 22 high, MA (200) for H1)

Resistance of 1:1317 (earlier support, Jun 21-22 lows)

Current Price: 1308.25

Support 1:1302 (Jun 25 low)

Support 2:1298 (Jun 8 and 12 lows)

Support 3:1265 (low of June)

US Stock futures rose ahead of the U.S. market open, a quiet start after Monday's broad global sell-off and trouble in Europe.

Data on home prices in April fell 2.2%. The median estimate of economists was for a decline of 2.4% in the Case-Shiller home-price index.

At 14:00 GMT consumer confidence index for June is expected to post a slight decline, to 64 from 64.9, and a manufacturing survey from the Richmond Federal Reserve is due.

Global Stocks:

Nikkei 8,663.99 -70.63 -0.81%

Hang Seng 18,981.84 +84.39 +0.45%

Shanghai Composite 2,222.07 -2.05 -0.09%

FTSE 5,459.63 +8.98 +0.16%

CAC 3,020.1 -1.54 -0.05%

DAX 6,129.01 -3.38 -0.06%

Crude oil $79.34 (+0.16%)

$1577.30 (-0.70%)

Asian stocks fell for a fourth day on concern a meeting of European Union leaders this week will fail to tame the region’s debt crisis and as HSBC Holdings Plc joined Citigroup Inc. in cutting growth forecasts for China.

Nikkei 225 8,663.99 -70.63 -0.81%

S&P/ASX 200 4,013.3 -14.51 -0.36%

Shanghai Composite 2,218.32 -5.79 -0.26%

BHP Billiton Ltd., the world’s largest mining company, slid 1.4 percent as investors sold shares with earnings tied to economic growth.

Nippon Sheet Glass Co., the company on Japan’s Nikkei 225 Stock Average that relies most on Europe for sales, fell 4.5 percent.

Whitehaven Coal Ltd. climbed 3 percent as the Australian Financial Review reported that billionaire Nathan Tinkler may unveil an offer of more than $5 billion for the coal producer as soon as next week.

Asian stocks fell as UBS AG cut its profit outlook for BHP Billiton Ltd. and the Bank for International Settlements said central banks are facing the limit of their ability to boost economic growth.

Nikkei 225 8,734.62 -63.73 -0.72%

S&P/ASX 200 4,027.8 -20.41 -0.50%

Shanghai Composite 2,224.2 -36.68 -1.62%

BHP Billiton, the world’s largest mining company, led materials companies lower, sliding 1.4 percent.

Samsung Electronics Co. fell 4.2 percent, dragging technology stocks lower, as the world’s top mobile-phone maker investigated a complaint that one of its smartphones caught fire.

Billabong International Ltd., Australia’s largest surf-wear maker, slumped 34 percent after selling A$155 million ($155 million) of new shares.

Change % Change Last

Nikkei 225 8,734.62 -63.73 -0.72%

S&P/ASX 200 4,027.8 -20.41 -0.50%

Shanghai Composite 2,224.2 -36.68 -1.62%

FTSE 100 5,450.65 -63.04 -1.14%

CAC 40 3,021.64 -69.26 -2.24%

Xetra DAX 6,132.39 -130.86 -2.09%

S&P 500 1,313.72 -21.30 -1.60%

NASDAQ Composite 2,836.16 -56.26 -1.95%

Dow Jones 12,502.66 -138.12 -1.09%