European stocks were little changed as U.S. jobless-benefit claims dropped and home sales climbed to a two-year high, offsetting Senate Majority Leader Harry Reid’s comments that a budget deal is unlikely.
President Barack Obama is pressing for U.S. lawmakers to craft an interim deal to avert more than $600 billion in tax increases and spending cuts, known as the fiscal cliff. Republican House leaders hold a conference call with their rank- and-file members today to discuss the path forward, according to a leadership aide who asked for anonymity.
A Labor Department report showed fewer Americans than forecast filed claims for unemployment insurance last week. Applications for jobless benefits decreased by 12,000 to 350,000 in the week ended Dec. 22. Economists forecast 360,000.
National benchmark indexes climbed in 13 of the 18 western European markets. France’s CAC 40 (CAC) rallied 0.6 percent, Germany’s DAX advanced 0.3 percent and the U.K.’s benchmark FTSE 100 was little changed.
Clariant rose 3 percent to 12.20 Swiss francs after selling units for 502 million francs ($550 million). The specialty chemicals maker said it will get approximately 460 million francs in cash for selling the textile chemicals, paper specialties and emulsions businesses to SK Capital Partners, a U.S. buyout company.
Bayerische Motoren Werke AG (BMW) gained 1.1 percent to 73.46 euros. Chief Financial Officer Friedrich Eichiner said he is confident the carmaker has surpassed its 2011 profit total, according to a report by Die Welt.
A gauge of mining shares on the Stoxx 600 advanced 0.7 percent. Rio Tinto Group and BHP Billiton Ltd. (BHP) rose 0.9 percent to 3,541.5 pence and 0.8 percent to 2,156.5 pence, respectively.
U.S. stock futures advanced as lawmakers return to Washington to resume budget talks and data showed jobless claims decreased.
Global Stocks:
Nikkei 10,322.98+92.62 +0.91%
Hang Seng 22,619.78+78.60 +0.35%
Shanghai Composite 2,205.9-13.23 -0.60%
FTSE 5,983.76+29.58 +0.50%
CAC 3,681.25+28.64 +0.78%
DAX 7,669.23+33.00 +0.43%
Crude oil $91.32 +0.37%
Gold $1656.40 -0.26%
European stock indices show growth. Positive impact on investors has hoped that the issue of threats to the "fiscal cliff" can be resolved in the coming days. Since U.S. President Barack Obama interrupted his Christmas vacation to try to reach an agreement with Congress. Timothy Geithner at the request of a default is to be announced on December 31, the U.S. will run out of credit limit, previously approved by Congress, with the result that Washington will have to default on its financial obligations. However, as the U.S. Treasury said: "You can stay afloat until March."
Clariant stock value surged by 3%, after it became known that the Swiss himkontsern sold a number of its units SK Capital investment fund for 502 million francs ($ 550 million).
Vivendi securities rose by 1%. South Korean wireless carrier has filed a preliminary application to the French media conglomerate owned a stake in the Moroccan company Maroc Telecom SA.
To date:
FTSE 100 5,966.79 +12.61 +0.21%
DAX 7,655.94 +19.71 +0.26%
CAC 3,672.60 +20.69 +0.55%
Asian stocks rose, with the regional benchmark index headed for a second month of advance, as the yen touched a 27-month low on prospects for more stimulus and China’s industrial companies’ profit gained.
Nikkei 225 10,322.98 +92.62 +0.91%
S&P/ASX 200 4,647.96 +12.77 +0.28%
Shanghai Composite 2,205.9 -13.23 -0.60%
Mazda Motor Corp., an automaker that gets 28 percent of its sales in North America, advanced 7.1 percent in Tokyo as newly installed premier said “bold’ monetary policy is one of the three pillars of his economic measures.
Guangzhou R&F Properties Ltd., a builder in the southern Chinese city, rose 0.8 percent in Hong Kong, whose equity market reopened after a two-day holiday.
SK Telecom Co., the mobile telephone carrier among 119 companies trading without rights to year-end dividends on South Korea’s benchmark index, dropped 4.1 percent.
Asian stocks rose, with the regional benchmark index trading less than 1 percent from its highest close for the year, as the yen dropped and Shinzo Abe was approved as Japan’s prime minister after promising to promote more stimulus measures.
Nikkei 225 10,230.36 +150.24 +1.49%
S&P/ASX 200 Closed
Shanghai Composite 2,219.13 +5.52 +0.25%
Nissan Motor Co. , a carmaker that derives almost 80 percent of sales overseas, gained 2.1 percent in Tokyo.
Hitachi Ltd. rose 2.1 percent after its president said the company plans to double its operating margin.
Tradewinds (Malaysia) Bhd., a palm oil and rice producer, jumped 15 percent in Kuala Lumpur after receiving a takeover offer.
European stock markets are closed for the holidays
After Christmas, the index began trading growth, but there remain uncertainties associated with the solution of the "fiscal cliff" returned indices into negative territory.
As reported earlier, President Barack Obama has cut its output due to the need for a possible quick solution to the impending problem. Before Christmas, Obama called the leaders of both parties to take a temporary bill that would allow time for the development and coordination of a comprehensive solution.
External background for the U.S. session was formed in generally favorable - European stock markets mostly continue to rest on the occasion of Christmas, and the Asian indices strengthened on the news of the formation of the new government of Japan. As prime minister was approved by the 58-year-old leader of the Liberal Democratic Party, Shinzo Abe, who a few years ago, a seat he held the prime minister. Abe vowed not to spend a second chance and nothing to pull the economy out of the protracted crisis.
DOW index components were mixed. Below are the remaining shares Unitedhealth Group (UNH, -1.15%). Leader was Bank of America (BAC, +2.58%).
Among the sectors S & P showed only minimal growth of the basic materials sector (+0.02%). Maximum loss incurred service sector (-0.9%).
Oilfield services company Weatherford International advanced 2.8% on news that two top managers purchased 30 000 of its shares.
At the close:
Dow 13,114.59 -24.49 -0.19%
Nasdaq 2,990.16 -22.44 -0.74%
S & P 500 1,419.83 -6.83 -0.48%Change % Change Last
Nikkei 225 Closed
S&P/ASX 200 4,635.19 +11.61 +0.25%
Shanghai Composite 2,159.05 +5.74 +0.27%
FTSE 100 5,939.99 -18.35 -0.31%
FTSE Closed
CAC 40 Closed
DAX Closed
Dow13,114.59-24.49-0.19%
Nasdaq2,990.16-22.44-0.74%
S&P 5001,419.83-6.83-0.48%
05:00 Japan Annualized Housing Starts, blnNovember 0.9780.911
07:00 United Kingdom Nationwide house price indexDecember 0.0%+0.1%
07:00 United Kingdom Nationwide house price index, y/yDecember -1.2%
07:00 Switzerland UBS Consumption IndicatorNovember 1.31
09:30 United Kingdom BBA Mortgage ApprovalsNovember 33.034.6
13:30 U.S. Initial Jobless Claims- 361365
15:00 U.S. Consumer confidenceDecember 73.770.3
15:00 U.S. New Home SalesNovember 368382
23:15 Japan Manufacturing PMIDecember 46.5
23:30 Japan Household spending Y/YNovember -0.1%+0.8%
23:30 Japan National Consumer Price Index, y/yNovember -0.4%+0.2%
23:30 Japan National CPI Ex-Fresh Food, y/yNovember 0.0%-0.1%
23:30 Japan Tokyo Consumer Price Index, y/yDecember -0.5%-0.6%
23:30 Japan Tokyo CPI ex Fresh Food, y/yDecember -0.5%-0.5%
23:30 Japan Unemployment RateNovember 4.2%4.2%
23:50 Japan Industrial Production (MoM) (preliminary)November +1.6%-0.5%
23:50 Japan Industrial Production (YoY)(preliminary)November -4.5%-4.6%
23:50 Japan Retail sales, y/yNovember -1.2%+1.2%
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.