Analytics, News, and Forecasts for CFD Markets: stock news — 27-06-2012.

European stocks rose the most in a week after reports on U.S durable-goods orders and pending home sales beat estimates and speculation mounted that China will introduce additional economic stimulus.

Stocks climbed after a U.S report showed orders for durable goods climbed more than forecast in May, easing concern that U.S. manufacturing is faltering. Separate data showed more Americans than forecast signed contracts to buy previously owned homes last month.

In China, a commentary in the China Securities Journal said the country may introduce “more proactive” policies to ensure stable growth in the world’s second-largest economy. The policies may include stabilizing foreign trade, expanding infrastructure investment and reducing tax.

German Chancellor Angela Merkel faces demands from other euro-area nations for more drastic measures to fight the region’s sovereign-debt crisis, as EU leaders prepare for the two-day summit. One such proposal calls for collective debt sales through euro bonds.

National benchmark indexes advanced in all 18 western European markets before the European Union summit beginning tomorrow in Brussels. The U.K.’s FTSE 100 climbed 1.3 percent, France’s CAC 40 rose 1.4 percent and Germany’s DAX Index gained 1.3 percent.

A gauge of European bank shares rose 2.5 percent for the largest contribution to the Stoxx 600’s advance. Lloyds gained 3.5 percent to 31.16 pence after the Financial Times reported the lender may sell 630 branches to Co-Operative Group Ltd. as early as today.

Barclays Plc added 1.9 percent to 196.05 pence. The lender has agreed to pay 290 million pounds ($452 million) in penalties to settle U.S. and U.K. investigations into whether it sought to rig the London and euro interbank offered rates. Chief Executive Officer Bob Diamond and other executives will forgo their annual bonuses this year, the bank said.

K+S AG, Europe’s biggest potash producer, jumped 6.9 percent to 34.92 euros after analysts raised their ratings on the stock. Bank of America Corp. upgraded the stock to buy from underperform, while BHF-Bank raised its recommendation to overweight from market weight.

Salzgitter AG tumbled 4.9 percent to 32.50 euros, the lowest since September 2005, after saying its steel unit may not break even this year, citing “notably negative” impact on demand for rolled steel. The company said on May 15 it saw positive 2012 pretax earnings.

U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, amid better-than-estimated data on housing and durable-goods orders.

Equities rallied amid signs the real estate industry is firming three years after the start of the economic recovery. Orders for durable goods climbed more than forecast in May, easing concern that U.S. manufacturing is faltering.

Stocks rose in Europe and Asia for the first time in five days amid speculation China will add to economic stimulus and Italian bonds gained after a debt sale ahead of a June 28-29 European Union summit. German Chancellor Angela Merkel shut the door to joint euro-area bonds as a means of lowering Spain’s borrowing costs, saying they are the “wrong way” to achieve the greater European integration needed to stem the debt crisis.

Monsanto added 2.5 percent to $79.83. Sales of corn seed and genetic licenses rose 35 percent as U.S. farmers planted the biggest crop in 75 years. Soybean sales gained 15 percent, driven by demand for the newest seed engineered to tolerate Monsanto’s Roundup herbicide. Chairman and Chief Executive Officer Hugh Grant also is expanding in Latin America and Eastern Europe.

Bristol-Myers gained 1.8 percent to $35.13 after it authorized $3 billion in additional repurchases to be made over the “next couple years.” The new phase of the buyback program, announced in a statement today by the New York-based drugmaker, gives the company the ability to repurchase $3.34 billion of an estimated $58.3 billion in stock.

Facebook slid 1.2 percent to $32.72. The firms starting coverage on the company include its lead underwriter, Morgan Stanley.

O’Reilly Automotive Inc. tumbled 15 percent to $82.28. The retailer of auto parts, tools and accessories sank the most in more than a decade after saying sales growth was slower than expected and second-quarter profit will be on the lower end of the company’s forecast range.

Resistance of 3:1355 (high of June)

Resistance of 2:1340 (Jun 20 low)

Resistance of 1:1330 (Jun 22 high, MA (200) for H1)

Current Price: 1324.00

Support 1:1302 (Jun 25-26 lows)

Support 2:1298 (Jun 8 and 12 lows)

Support 3:1265 (low of June)

U.S. stock futures were little changed after a report showed orders for durable goods climbed more than forecast and as investors awaited housing data.

Global Stocks:

Nikkei 8,730.49 +66.50 +0.77%

Hang Seng 19,176.95 +195.11 +1.03%

Shanghai Composite 2,216.93 -5.13 -0.23%

FTSE 5,479.74 +32.78 +0.60%

CAC 3,025.15 +12.44 +0.41%

DAX 6,152.31 +15.62 +0.25%

Crude oil $79.73 (+0.47%)

Gold $1565.20 (-0.62%)

Asian stocks rose, snapping a four- day decline, as speculation the U.S. housing market is bottoming and China may step up economic stimulus tempered concern that the 19th summit on Europe’s debt crisis in three years won’t result in progress toward a resolution.

Nikkei 225 8,730.49 +66.50 +0.77%

S&P/ASX 200 4,043.2 +29.90 +0.74%

Shanghai Composite 2,214.84 -7.22 -0.33%

China Overseas Land & Investment Ltd., the biggest Chinese developer by market value listed in Hong Kong, climbed 3.8 percent.

Techtronic Industries Ltd., which makes 72 percent of its sales in North America, gained 2.6 percent in Hong Kong.

Oracle Corp. Japan climbed the most in three months in Tokyo as its profit forecast topped estimates.

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.

Change % Change Last

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%