Most stock indices closed higher on U.S. gross domestic product (GDP). The U.S. GDP rose at an annual rate of 4.6% in the second quarter, in line with expectations, after a 2.1% decline in the first quarter. A previous reading was a 4.2% gain.
That was the fastest pace since the fourth quarter of 2011.
Concerns are growing over the economy in the Eurozone. The Gfk consumer confidence index for Germany fell to 8.3 in October from 8.6 in September. Analysts had expected the index to decline to 8.5.
Allianz SE shares dropped 6.1% as Pacific Investment Management Co. (Pimco) co-founder and chief investment officer Bill Gross left the Pimco. Allianz owns Pacific Investment Management Co.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,649.39 +9.68 +0.15%
DAX 9,490.55 -19.46 -0.20%
CAC 40 4,394.75 +39.47 +0.91%
U.S. stock futures fluctuated as investors assessed data showing the fastest economic growth since 2011 for clues on the timing of rate increases.
Global markets:
Nikkei 16,229.86 -144.28 -0.88%
Hang Seng 23,678.41 -89.72 -0.38%
Shanghai Composite 2,347.72 +2.61 +0.11%
FTSE 6,639.09 -0.62 -0.01%
CAC 4,375.72 +20.44 +0.47%
DAX 9,478.01 -32.00 -0.34%
Crude oil $92.89 (+0.41%)
Gold $1217.10 (-0.39%)
(company / ticker / price / change, % / volume)
| Procter & Gamble Co | PG | 84.35 | +0.02% | 0.4K |
| UnitedHealth Group Inc | UNH | 86.21 | +0.03% | 0.3K |
| Cisco Systems Inc | CSCO | 24.56 | +0.08% | 12.8K |
| The Coca-Cola Co | KO | 41.82 | +0.10% | 4.8K |
| McDonald's Corp | MCD | 94.27 | +0.12% | 1.4K |
| Chevron Corp | CVX | 120.85 | +0.14% | 8.6K |
| International Business Machines Co... | IBM | 189.31 | +0.16% | 0.1K |
| Verizon Communications Inc | VZ | 49.69 | +0.16% | 2.8K |
| Goldman Sachs | GS | 184.40 | +0.17% | 2.5K |
| Visa | V | 211.13 | +0.20% | 1.8K |
| Boeing Co | BA | 127.40 | +0.20% | 4.9K |
| Microsoft Corp | MSFT | 46.14 | +0.22% | 2.1K |
| Pfizer Inc | PFE | 30.май | +0.23% | 652.8K |
| 3M Co | MMM | 142.82 | +0.24% | 0.4K |
| United Technologies Corp | UTX | 104.75 | +0.25% | 0.3K |
| Walt Disney Co | DIS | 88.30 | +0.26% | 0.4K |
| E. I. du Pont de Nemours and Co | DD | 72.00 | +0.29% | 2.6K |
| Exxon Mobil Corp | XOM | 94.53 | +0.30% | 2.7K |
| Intel Corp | INTC | 34.25 | +0.32% | 2.9K |
| Merck & Co Inc | MRK | 59.83 | +0.32% | 300.3K |
| AT&T Inc | T | 35.20 | +0.34% | 5.2K |
| Caterpillar Inc | CAT | 99.85 | +0.34% | 0.1K |
| General Electric Co | GE | 25.64 | +0.35% | 6.6K |
| Johnson & Johnson | JNJ | 107.50 | +0.37% | 1.7K |
| JPMorgan Chase and Co | JPM | 60.40 | +0.42% | 1.2K |
| American Express Co | AXP | 87.18 | +0.48% | 0.5K |
| Nike | NKE | 87.00 | +9.09% | 309.9K |
Upgrades:
NIKE (NKE) upgraded to Buy from Neutral at Janney, tarhet raised to $93 from $80
Downgrades:
Other:
NIKE (NKE) target raised to $100 from $80 at JP Morgan
NIKE (NKE) target raised to $100 from $90 at Barclays
Stock indices traded little changed. Investors are awaiting the release of the U.S. final gross domestic product (GDP). Analysts expect U.S. GDP to increase 4.6% in the second quarter.
Concerns are growing over the economy in the Eurozone. The Gfk consumer confidence index for Germany fell to 8.3 in October from 8.6 in September. Analysts had expected the index to decline to 8.5.
Current figures:
Name Price Change Change %
FTSE 6,699.62 -6.65 -0.10%
DAX 9,706.64 +44.67 +0.46%
CAC 40 4,427.74 +14.02 +0.32%
Most Asian stock indices closed lower, following U.S. markets.
Japan's nationwide core consumer price index increased 3.1% in August, missing expectations for a 3.2% rise, after a 3.3% gain in July.
Japan's nationwide consumer price index rose 3.3% in August, after a 3.4% increase in July.
Comments by Japan's Welfare Minister Yasuhisa Shiozaki said reforms for Government Pension Investment Fund (GPIF) would continue as planned.
The Conference Board released its leading index for China. The index rose 0.7% in August, after a 1.3% gain in July.
Indexes on the close:
Nikkei 225 16,229.86 -144.28 -0.88%
Hang Seng 23,678.41 -89.72 -0.38%
Shanghai Composite 2,347.72 +2.61 +0.11%
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