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Analytics, News, and Forecasts for CFD Markets: stock news — 28-11-2012.
European stocks were little changed as investors assessed conflicting reports about the progress of U.S. budget negotiations aimed at avoiding automatic tax increases and spending cuts from coming into force next year.
Boehner told reporters in Washington that politicians will continue their discussions “sooner rather than later” to avoid the so-called fiscal cliff.
Erskine Bowles, the co-chairman of Obama’s 2010 fiscal commission said it was unlikely the president and Congress will reach an agreement by the end of this year. “I’m really worried,” Bowles told reporters in Washington. “I believe the probability is we’re going over the cliff.”
Reid, speaking to reporters in Washington, said that following a Nov. 16 White House meeting, Republicans backed away from their openness to considering new tax revenue as part of the budget.
National benchmark indexes retreated in 11 of the 18 western-European markets. France’s CAC 40 Index gained 0.4 percent, while the U.K.’s FTSE 100 added less than 0.1 percent. Germany’s DAX advanced 0.2 percent.
Celesio retreated 2.6 percent to 12.94 euros after Haniel, sold 100 million euros ($129 million) of stock in the drug wholesaler. The closely held German investment company sold about 7.9 million shares at 12.60 euros apiece.
Metro declined 3.7 percent to 21.32 euros as Haniel said it will reduce its stake in Germany’s largest retailer to 30 percent from 34.2 percent within 18 months. Haniel also plans to raise about 150 million euros by selling non-strategic assets to help reduce net borrowing below 2 billion euros.
Nokia Oyj lost 1 percent to 2.54 euros. The mobile-phone maker’s American Depository Receipts lost 5.7 percent in New York yesterday after Kantar Worldpanel ComTech reported that Apple Inc.’s iPhone more than doubled its U.S. market share to 48 percent over the 12-week period ended Oct. 28.
Raiffeisen Bank International AG retreated 5 percent to 31.51 euros after eastern Europe’s second-biggest lender reported third-quarter net income of 141 million euros. That missed the average analyst estimate of 148 million euros.
Nestle climbed 1.2 percent to 60.60 francs after forming a joint venture with Chi-Med to develop gastro-intestinal treatments based on traditional Chinese medicines. Nestle Health Science and Chi-Med will each own half of Nutrition Science Partners Ltd., the companies said in a statement today.
U.S. stock futures fell as wrangling over the federal budget continued and investors awaited a report that may show growth in new-home sales slowed.
Global Stocks:
Nikkei 9,308.35 -114.95 -1.22%
Hang Seng 21,708.98 -135.05 -0.62%
Shanghai Composite 1,973.52 -17.64 -0.89%
FTSE 5,776.21 -23.50 -0.41%
CAC 3,486.66 -15.47 -0.44%
DAX 7,294.89 -37.44 -0.51%
Crude oil $86.26 -1.06%
Gold $1714.00 -1.62%
Google (GOOG) was initiated with Outperform at Cowen.
Continues to have a negative impact on the markets of Europe threat of increased state debt of the USA, which could lead to a recession and rising unemployment.
The Government of Portugal after the other members of the EU in the Tuesday, November 27 to adopt a budget for 2013, which implies a decline in the cost of austerity.
FTSE 100 5,783.6 -16.11 -0.28%
CAC 40 3,491.43 -10.70 -0.31%
DAX 7,321.36 -10.97 -0.15%
Share prices of Europe's largest drug wholesaler Celesio AG fell 2.5%, the German retailer Metro AG - by 2.2%.
German Franz Haniel & Cie GmbH has announced its intention to reduce its stake in Celesio to 50% from 54.6%, in the Metro - to 30% from 30.4%.
Shares of Swiss Life Holding AG lost 1.7%. Capitalization of Nokia Oyj fell by 2.4%.
Asian stocks fell, with a regional benchmark index headed for its first loss in six days, as the Organization for Economic Cooperation and Development said failure to prevent the so-called fiscal cliff in the U.S. would increase the risk of a global recession.
Nikkei 225 9,308.35 -114.95 -1.22%
S&P/ASX 200 4,447.31 -9.52 -0.21%
Shanghai Composite 1,973.52 -17.64 -0.89%
BHP Billiton Ltd., the world’s largest mining company, sank 1 percent in Sydney, leading losses among companies with earnings closely tied to economic growth.
Komatsu Ltd., which gets about a quarter of its sales in the U.S., fell 1.7 percent.
Hulic Co. tumbled 11 percent after the Japanese real-estate operator said it plans a share sale.
Asian stocks gained for a fifth day after European finance ministers cut borrowing costs for Greece and gave the indebted nation more time to repay rescue loans. Shares also rose after profit growth at Chinese industrial companies accelerated last month.
Nikkei 225 9,423.3 +34.36 +0.37%
S&P/ASX 200 4,456.83 +32.64 +0.74%
Shanghai Composite 1,991.17 -26.30 -1.30%
CSL Ltd., Australia’s biggest drugmaker, surged 6.9 percent in Sydney to a record after saying it expects profit growth of about 20 percent.
BHP Billiton Ltd., the world’s largest mining company, paced gains among raw-material companies as copper prices rose.
China Railway Construction Corporation Ltd. advanced 1.1 percent in Hong Kong.
European stocks advanced after euro- region finance ministers eased the terms of aid for Greece and cleared the way for a loan instalment in December.
European finance ministers eased the terms on emergency aid for the Mediterranean nation. In the latest bid to keep the 17- nation euro-area intact, the ministers cut the rates on bailout loans, suspended interest payments for a decade on money from the temporary rescue fund, gave the country more time to repay, and engineered a Greek bond buyback. Greece was also cleared to get a 34.4 billion-euro ($44.7 billion) loan instalment in December.
In the U.K., consumer spending and exports propelled the economy to its fastest growth since 2007 in the third quarter. Gross domestic product rose 1 percent from the second quarter, the same as reported on Oct. 25, the Office for National Statistics said today in London.
National benchmark indexes rose in 13 of the 18 western European markets. France’s CAC 40 Index was little changed, while Germany’s DAX Index rose 0.6 percent. The U.K.’s FTSE 100 Index gained 0.2 percent.
Remy Cointreau surged 6.4 percent to 88.51 euros for the biggest gain in the Stoxx 600. The company said first-half adjusted operating profit from current operations rose to 141.5 million euros, beating analyst estimates for 137.3 million euros. Remy Cointreau said second-half growth will be more moderate than in the first half. Still, it confirmed its target to “substantially” lift annual earnings.
Galp lost 5.9 percent to 11.50 euros. Eni said late yesterday that it’s selling 49.8 million Galp shares. They are being offered at 11.48 euros to 11.73 euros apiece, according to the terms obtained.
Despite some optimistic messages (data on orders for durable goods and housing price index from S & P / Case-Shiller, and a report on the index of consumer confidence), the major U.S. stock indexes have failed to show a positive trend.
The lack of progress in addressing the "fiscal cliff" keeps investors from buying, causing them to ignore the positive macroeconomic reports.
Today, their concerns about the problem of "fiscal cliff" expressed the Organization for Economic Cooperation and Development (OECD), which warned that in the absence of solutions the U.S. economy will return to recession.
Time goes by, but on November 16, when a meeting of the leaders of Congress and President Obama did not receive any new information on a looming problem. This adds uncertainty and nervousness in the markets.
This week, Congress returns to Washington, the discussion and the search for a compromise between taxes and spending will continue.
Most of the components of the index remained in negative territory DOW (22 of 30). Fell more than the rest in the stock price Hewlett-Packard (HPQ, -2.86%), leading stock Intel (INTC, +0.60%).
Sector of the S & P declined mainly. Showed a small increase in the sector conglomerates (0.1%). Maximum loss showed basic materials sector (-0.9%).
The food industry Ralcorp Holdings jumped by 26.5% due to the news of his impending takeover industry giant ConAgra Foods.
Manufacturer of high-tech glass Corning went to plus 6.9% after raised its forecast for shipments of glass for LCD-screens.
At the close:
Dow 12,878.13 -89.24 -0.69%
Nasdaq 2,967.79 -8.99 -0.30%
S & P 500 1,398.94 -7.35 -0.52%
Change % Change Last
Nikkei 225 9,423.3 +34.36 +0.37%
S&P/ASX 200 4,456.83 +32.64 +0.74%
Shanghai Composite 1,991.17 -26.30 -1.30%
FTSE 100 5,799.71 +12.99 +0.22%
CAC 40 3,502.13 +1.19 +0.03%
DAX 7,332.33 +40.30 +0.55%
Dow 12,878.13 -89.24 -0.69%
Nasdaq 2,967.79 -8.99 -0.30%
S&P 500 1,398.94 -7.35 -0.52%
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