Analytics, News, and Forecasts for CFD Markets: stock news — 26-10-2012.

European (SXXP) stocks closed little changed, with the Stoxx Europe 600 Index completing a weekly drop, as data showed the U.S. economy expanded more than forecast in the third quarter, offsetting concern company earnings are deteriorating.

Straumann Holding AG (STMN) jumped 7.9 percent after Bank of America Corp. recommended buying the shares. Belgacom SA (BELG) surged by a record 7.8 percent after raising its 2012 forecasts. Ericsson AB (ERICB) tumbled 3.9 percent after missing its third-quarter gross-margin target.

The Stoxx 600 rose 0.1 percent to 270.51 in London.  The Stoxx 600 still lost 1.3 percent this week as euro-area manufacturing shrank and corporate earnings weakened.

Gross domestic product rose at a 2 percent annual rate after climbing 1.3 percent in the prior quarter. The median forecast of 86 economists surveyed by Bloomberg called for a 1.8 percent gain.

In Europe, reports showed that French consumer sentiment dropped in October, while Spain’s unemployment rate climbed to a record in the third quarter as a deepening recession left one in four workers jobless.

National benchmark indexes advanced in ten of the 17 western-European markets that were open today. The Vienna market was closed.

FTSE 100 5,813.01 +7.96 +0.14% CAC 40 3,434.8 +23.27 +0.68% DAX 7,229.75 +29.52 +0.41%

Straumann jumped 7.9 percent to 118.1 Swiss francs, the biggest gain in more than five months, after Bank of America raised the world’s biggest maker of dental implants to buy from underperform.

Belgacom, the largest phone company in Belgium, advanced 7.8 percent to 23.14 euros, the strongest rally since it sold shares to the public in March 2004, as the company raised its 2012 forecasts and announced a special dividend.

Anglo American Plc (AAL) gained 4.1 percent to 1,933.50 pence after saying Chief Executive Officer Cynthia Carroll will quit.

Ericsson dropped 3.9 percent to 58.15 kronor, the sharpest decrease since May 4. The world’s largest maker of mobile-phone networks reported a third-quarter gross margin, or the percentage of sales remaining after production costs, that slid to 30.4 percent from 35 percent, missing the average estimate of 32.2 percent.

Novo Nordisk A/S (NOVOB), the world’s biggest insulin maker, fell 3.3 percent to 930 kroner after U.S. regulators disclosed that a scheduled advisory-panel meeting on the diabetes treatment Tresiba will focus on cardiovascular risks.

Randstad Holding NV (RAND) slid 4.7 percent to 25.32 euros after Goldman Sachs Group Inc. downgraded the company’s shares to neutral from buy.

Mediaset SpA (MS) declined 3.1 percent to 1.34 euros. Former Italian Prime Minister Silvio Berlusconi was found guilty of tax fraud and sentenced to four years in prison in a film-rights case involving the television company.

Renault SA (RNO) fell 1.8 percent to 34.74 euros, retreating for the sixth straight day, after third-quarter revenue plunged 13 percent to 8.45 billion euros, the carmaker said yesterday after the market close. The figure missed the 8.97 billion-euro average of analyst.

U.S. stock futures were little changed as a government report showed the world’s largest economy expanded more than forecast in the third quarter.
GDP  rose at a 2% annual rate after climbing 1.3% in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists called for a 1.8% gain.

Global Stocks:

Nikkei  8,933.06 -122.14 -1.35%
Hang Seng 21,545.57 -264.66 -1.21%
Shanghai Composite 2,066.21 -35.37 -1.68%
FTSE  5,809.65 +4.60 +0.08%
CAC  3,437.35 +25.82 +0.76%
DAX 7,237.65 +37.42 +0.52%
Crude oil $86.30 +0,29%
Gold $1711.40 -0.09%

Procter & Gamble target raised to $72 from $62 at Caris & Company

European stocks dropped, with the Stoxx Europe 600 Index heading for its biggest weekly decline this month, as investors awaited data on American gross domestic product growth amid concern company earnings are deteriorating.

In Europe, reports showed that French consumer sentiment dropped in October, while Spain’s unemployment rate climbed to a record in the third quarter as a deepening recession left one in four workers jobless.

Ericsson dropped 4.4 percent to 57.85 kronor, the sharpest decrease in three months. The world’s largest maker of mobile- phone networks reported a third-quarter gross margin, or the percentage of sales remaining after production costs, that slid to 30.4 percent from 35 percent, missing the average estimate of 32.2 percent.

French banks declined, leading a gauge of European (SXXP) lenders lower for the worst performance as a group on the Stoxx 600. BNP Paribas SA slid 2.8 percent to 38.53 euros. Credit Agricole SA fell 3.7 percent to 5.78 euros, a two-week low. Societe Generale SA lost 3.1 percent to 24.11 euros.

S&P cut BNP’s long-term counterparty credit grade by one level to A+ from AA-. The ratings company also revised its outlook to negative from stable for 10 other French banks, including Credit Agricole and Societe Generale.

Novo Nordisk, the world’s biggest insulin maker, fell 2.2 percent to 940 kroner after U.S. regulators disclosed that a scheduled advisory-panel meeting on the diabetes treatment Tresiba will focus on cardiovascular risks.

FTSE 100 5,767.7 -37.35 -0.64%

CAC 40 3,397.57 -13.96 -0.41%

Asian stocks fell, with the regional index poised to erase this month’s gains, as companies including Fanuc Corp. and China Unicom Ltd. reported earnings that disappointed investors. South Korea’s Kospi Index sank 1.6 percent after Bank of Korea data today showed the nation’s gross domestic product expanded 1.6 percent in the three months to September from a year earlier, the slowest pace in three years.

Nikkei 225 8,933.06 -122.14 -1.35%

S&P/ASX 200 4,472.4 -38.10 -0.84%

Shanghai Composite 2,065.3 -36.28 -1.73%

Fanuc, an industrial robot manufacturer, slid 2.8 percent in Tokyo, while China Unicom, the nation’s No. 2 mobile-phone company, sank 7.1 percent in Hong Kong.

Woongjin Coway Co., a maker of water purifiers, surged 11 percent in Seoul after its parent agreed to stick with a plan to sell a controlling stake to MBK Parters Ltd.

China Unicom retreated 7.1 percent to HK$12.78 in Hong Kong after third-quarter net income rose 27 percent to 2.02 billion yuan ($324 million). The result, derived from nine-month earnings reported by the Beijing-based company, compares with the 2.21 billion-yuan median estimate in a Bloomberg News survey.

Most Asian stocks stocks advanced as exporters climbed amid signs of improvement in China’s factory output and the U.S. housing market.

Nikkei 225 9,055.2 +100.90 +1.13%

S&P/ASX 200 4,510.5 +4.68 +0.10%

Shanghai Composite 2,105.99 -10.00 -0.47%

James Hardie Industries SE, a supplier of building materials that counts the U.S. as its biggest market, rose 1.1 percent in Sydney.

Huaneng Power International Inc., a Chinese electricity producer, gained 1.5 percent in Hong Kong.

Sharp Corp. sank 3.6 percent in Tokyo after the Nikkei newspaper reported that the maker of Aquos televisions may report a first- half loss of 400 billion yen ($5 billion).

Change % Change Last

Nikkei 225 9,055.2 +100.90 +1.13%

S&P/ASX 200 4,510.5 +4.68 +0.10%

Shanghai Composite 2,105.99 -10.00 -0.47%

FTSE 100 5,805.05 +0.27 0.00%

CAC 40 3,411.53 -14.96 -0.44%

DAX 7,200.23 +7.38 +0.10%

Dow +26.96 13,104.30 +0.21%

Nasdaq +4.42 2,986.12 +0.15%

S&P +4.23 1,412.98 +0.30%