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Analytics, News, and Forecasts for CFD Markets: stock news — 27-08-2012.
European stocks rose as Germany’s Finance Minister Wolfgang Schaeuble said the continent’s two largest economies will create a working group to strengthen the euro area’s fiscal and monetary union.
Deutsche Bank AG (DBK) and BNP Paribas SA (BNP) both gained at least 2 percent. Nokia Oyj (NOK1V) jumped 7.7 percent after a jury found rival Samsung Electronics Co. had violated Apple Inc. patents. Q-Cells SE (QCE) surged 11 percent after South Korea’s Hanwha Group signed a deal to acquire the insolvent German company.
The Stoxx Europe 600 Index added 0.4 percent to 269.11 at 4:30 p.m. in London, after earlier falling as much as 0.2 percent.
Schaeuble said today that Germany and France will seek to develop common proposals on a fiscal, banking and monetary union. He also told reporters, after meeting with French Finance Minister Pierre Moscovici in Berlin today, that the two countries will look for measures to boost economic growth.
Next month, the European Central Bank will formulate a bond-buying plan and representatives of Greece’s international creditors will issue a progress report. A German court will also announce its decision on the legality of the euro area’s proposed permanent bailout fund.
Investors are also awaiting a speech from Federal Reserve Chairman Ben S. Bernanke on Aug. 31 at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming. His speech in 2010 preceded a second round of bond purchasing, or quantitative easing, to help support the economic recovery.
National benchmark indexes gained in every Western-European market that opened today.
FTSE 100 5,776.6 0.00 0.00% CAC 40 3,458.56 +25.35 +0.74% DAX 7,041.8 +70.73 +1.01%
A gauge of European banks climbed 0.7 percent as Spanish 10-year bonds rallied.
Nokia surged 7.7 percent to 2.69 euros, for the biggest advance on the Stoxx 600, amid speculation the company’s sales will benefit if the U.S. bans some of Samsung’s mobile devices.
Samsung plummeted in Asian trading after a U.S. court on Aug. 24 ruled that the world’s biggest handset maker infringed six of seven Apple patents. A ban may undermine Samsung’s grip on the smartphone market and set a precedent for rival handset makers that use Google Inc.’s Android operating system.
Q-Cells soared 11 percent to 18.9 euro cents. The shares surged as much as 40 percent after Hanwha agreed to buy the company that filed for insolvency in April. Hanwha, which signed a deal yesterday with Q-Cell’s administrator, Henning Schorisch, will assume “business liabilities in the low hundreds of millions” and a cash purchase price “in the medium double- digit million euro range.”
Lundin Petroleum AB (LUPE) climbed 4.4 percent to 153.60 kronor after the Swedish oil company said it discovered a 25-meter oil column at an appraisal well in the northeastern part of Johan Sverdrup deposit, Norway’s largest oil find since 1974.
Statoil ASA (STL) also said today that its Geitungen prospect in the North Sea holds as much as 270 million barrels of oil. The shares increased 0.8 percent to 148.10 kroner.
ThyssenKrupp AG (TKA) rose 1.7 percent to 16.49 euros after Welt am Sonntag reported that Germany’s biggest steelmaker wants to sell plants in the U.S. and Brazil for at least their book value of 7 billion euros ($8.8 billion).
U.S. stock futures rose as Apple (AAPL) Inc. rallied on a $1 billion verdict and investors awaited indications on Federal Reserve stimulus measures.
Global Stock:
Nikkei 9,085.39 +14.63 +0.16%
Hang Seng 19,798.67 -81.36 -0.41%
Shanghai Composite 2,055.71 -36.40 -1.74%
FTSE 5,776.6 0.00 0.00%
CAC 3,449.09 +15.88 +0.46%
DAX 7,028.63 +57.56 +0.83%
Crude oil $96.68 +0,55%
Gold $1671.50 -0.08%
Sterne Agee lowers their Intel (INTC) tgt to $24 from $25.
A slight decline in European indices caused by the slowdown in the Chinese economy.
Was released today stat data for Germany. Was lower than the forecast expectations index IFO, the August figure was 94.2, the forecast 95. IFO business climate index for August at the forecast 102.3 102.8.
Import prices year on year in July showed an increase in the forecast of +1.2% +1.4%, import prices on a monthly basis in July against the forecast of +0.7% +0.8%.
It was learned that the plans of German Chancellor Angela Merkel is signing a new contract, which will form the basis of the European Union. Already this year, the Heads of State and Government of the EU, according to the plans of Chancellor may decide to hold the convention, the function of which will be the development of a legal framework for the new treaty, held together by the European Union. According to the press, the German position was announced in Brussels advisor Chancellor for European Policy Nikolaus Meyer-Landrut.
To date:
FTSE 100 5,776.60 0.00 0.00%
DAX 6,965.29 -5.78 -0.08%
CAC 3,425.51 -7.70 -0.22%
Nokia Oyj shares soared 7% after Samsung Electronics Co. lost a patent dispute with Apple Inc.
Paper Q-Cells SE rose 33% after South Korea's Hanwha Group has signed a deal to acquire insolvent German manufacturer of solar panels.
Asian stocks fell, with the regional benchmark index heading for a second day of decline, as a drop in profits at Chinese industrial companies offset optimism policy makers around world will move to boost growth.
Nikkei 225 9,085.39 +14.63 +0.16%
S&P/ASX 200 4,343.7 -5.30 -0.12%
Shanghai Composite -36.40 -1.74%
Jiangxi Copper Co., China’s biggest supplier of the metal, slid 1.9 percent in Hong Kong.
Samsung Electronics Co. slumped 7.5 percent in Seoul after a U.S. jury ruled that the world’s No. 1 maker of smartphones infringed Apple Inc. (AAPL) patents.
Olympus Corp., the world’s largest manufacture of endoscopes, rose 4.4 percent in Tokyo after agreeing to sell unit ITX Corp.’s telecommunications business for 53 billion yen ($673 million).
Europe’s leaders aren’t making progress in solving the region’s debt crisis.
On result of today’s session:
Nikkei 9,070.76 -107.36 -1.17%
Hang Seng 19,880.03 -252.21 -1.25%
Shanghai Composite 2,092.1 -20.97 -0.99%
S&P/ASX 4,349 -34.71 -0.79%
Shares of Nissan Motor Co. fell 1.5%. Shares of Aluminum Corp. of China fell 1.8%. Shares of Makita Corp. fell 1.1%.
European stocks were little changed, with the Stoxx Europe 600 Index posting its first weekly drop since June, as German Chancellor Angela Merkel said Greece must stick to its commitments to stay in the euro area, and a news report said the European Central Bank is considering setting yield band targets.
A gauge of mining companies was among the main losers, with Rio Tinto Group slumping 1.6 percent and BHP Billiton Ltd. (BHP) sliding 1.4 percent. NKT Holding (NKT) A/S tumbled 9 percent after the maker of cables and industrial vacuum cleaners reported second- quarter sales that missed estimates. Nokia Oyj (NOK1V) rallied 4.2 percent.
The Stoxx 600 added 0.1 percent to 268.0 in London after earlier falling as much as 0.6 percent. European stocks posted a 1.8 percent drop this week, snapping 11 weeks of gains.
Stocks rebounded in the last half hour of trading after Reuters reported the ECB is considering setting yield band targets under a new bond-buying program. Reuters cited unnamed central bank people.
In the U.S., Federal Reserve Chairman Ben S. Bernanke said there’s “scope for further action” by the central back to spur economic growth.
National benchmark indexes fell in nine of the 18 western European markets.
FTSE 100 5,776.6 0.00 0.00% CAC 40 3,433.21 +0.65 +0.02% DAX 6,971.07 +21.50 +0.31%
Rio Tinto and BHP Billiton retreated 1.6 percent to 2,910 pence and 1.4 percent to 1,933 pence, respectively. Anglo American Plc (AAL) dropped 2.9 percent to 1,885 pence.
Eurasian Natural Resources Corp. (ENRC) decreased 3.6 percent to 338.9 pence after ING Groep NV said the producer of metals in Kazakhstan may need to consider selling some assets or raise capital via new equity, citing its rapidly escalating debt burden as a key concern.
NKT Holding tumbled 9 percent to 191.10 kroner after the maker of cables and industrial vacuum cleaners reported second- quarter sales of 3.9 billion kroner ($667 million), missing analysts’ estimates of 4.15 billion kroner. Earnings before interest, taxes, depreciation and amortization were 229 million kroner, below the 300 million-kroner analyst projection.
Ashmore Group Plc retreated 4.3 percent to 331.5 pence after Haley Tam, an analyst at Citigroup Inc. cut the U.K. fund manager to sell from neutral.
Nokia jumped 4.2 percent to 2.49 euros, for an eighth consecutive day of gains.
Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, rose 1.9 percent to 65.40 euros, following a gauge of European (SXXP) food and beverage shares higher. Chief Strategy Officer Jo Van Biesbroeck bought 200,000 shares for 13.1 million euros on Aug. 17, according to regulatory filings.
Danone (BN) SA, the world’s largest yogurt maker, gained 1.4 percent to 51.01 euros, while Marine Harvest ASA (MHG), the world’s biggest salmon farmer, climbed 3.9 percent to 4.51 kroner as investors bought the stock in anticipation of increased fish prices.
Major U.S. stock indexes were able to step back from session lows to close in positive territory amid growing expectations of market participants about the new stimulus measures by the Fed. For the week DOW index lost 0,88%, Nasdaq fell by 0,222%, S & P500 fell 0.50%.
Indexes started the session in negative territory amid growing concerns about the future of the Euro zone due to the lack of progress in solving the debt crisis and mixed data on orders for durable goods.
However, upon closer examination statistics on orders for durable goods supported markets. Thus, the overall index rose by 4.2% in July, compared with an expected value of 2.8% and 1.6% in June. In this case, such a significant growth rate in July was mostly a result of substantial increase in orders for aircraft from Boeing. Excluding orders for transportation rate in July fell by 0.4% with expectations of growth of 0.5%.
Against this background of increased expectations of market participants to the new liquidity injections by the Fed. Next week will be the speech Fed Chairman Ben Bernanke in Jackson Hole. Investors hope that the outcome of the expected meeting will get additional signals for further quantitative easing measures.
In the composition of the index DOW most components are in positive territory. More than others in the share price rose Verizon Communications Inc. (VZ, +2.11%). The biggest minus show such shares Intel Corporation (INTC, -0.64%), Hewlett-Packard Company (HPQ, -0.51%), Caterpillar Inc. (CAT, -0,35%)
Branches in the context of all major sectors of the index S & P are in positive territory. More than other health sector increased (+0.6%) and consumer goods (+0.6%).
At the close:
Dow 13,157.97 +100.51 +0.77%
Nasdaq 3,069.79 +16.39 +0.54%
S & P 500 1,411.13 +9.05 +0.65%
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