Analytics, News, and Forecasts for CFD Markets: stock news — 29-05-2012.

European stocks advanced for the third time in four days as data showing the U.S. housing market is stabilizing outweighed a report that China has no intention of introducing large-scale stimulus.

Home values in 20 U.S. cities fell in the 12 months ended March at the slowest pace in more than a year. The S&P/Case- Shiller index of property values fell 2.6 percent from a year earlier after a 3.5 percent drop in February.

China has no intention of starting a large-scale economic stimulus program like it did during the global financial crisis, the official Xinhua News Agency said today.

National benchmark indexes rose in all of the 18 western European markets today, except Spain and Portugal. The U.K.’s FTSE 100 increased 0.7 percent, Germany’s DAX gained 1.2 percent and France’s CAC 40 advanced 1.4 percent. Spain’s IBEX 35 slid 2.3 percent to the lowest level in nine years.

CGGVeritas added 5.7 percent to 19.65 euros as UBS upgraded the shares to buy from neutral. That was the biggest jump this year.

Spanish lender Bankia sank 16 percent to 1.14 euros after dropping 13 percent yesterday. Banco Popular Espanol SA fell 3.3 percent to 1.66 euros, a fourth day of losses. Banco de Sabadell SA dropped 4.3 percent to 1.34 euros and Banco Bilbao Vizcaya Argentaria SA declined 2.6 percent to 4.64 euros.

Repsol sank 7.2 percent to 12.83 euros, the biggest drop since November 2008. The oil company said it will cut its dividend payout ratio to increase production outside Argentina after its YPF SA unit was seized.

Wolseley Plc retreated 1 percent to 2,277 pence as the world’s largest supplier of heating and plumbing products reported a decline in third-quarter revenue.

U.S. stocks rose, after the first weekly gain since April in the Standard & Poor’s 500 Index, amid data showing stabilization in the housing market and after Greek opinion polls eased concern the country will leave the euro.

Equities rose as the S&P/Case-Shiller index of property values fell 2.6 percent from a year earlier after a 3.5 percent drop in February. Greek opinion polls showed voters warming to parties supporting the European Union’s bailout agreement as political leaders at home and abroad warned of economic catastrophe should the single currency fragment.

Facebook lost 8.1 percent to $29.33. The company’s options trading began today. The stock fell below the prior low of $30.94 set on May 22. Facebook has slumped 23 percent from its initial public offering price of $38.

Vertex Pharmaceuticals Inc. tumbled 15 percent, the most on a closing basis since 2007, to $55.40. The company revised results reported three weeks ago from a study of two cystic fibrosis drugs, saying the combination showed less of a benefit.

Resistance 3:1370 (May 7 high)

Resistance 2:1363 (May 10-11 high)

Resistance 1:1348/50 (area of May 14-15 highs)

Current price: 1331,25

Support 1:1322 (support line from May 23)

Support 2:1314 (МА (200) for Н1)

Support 3:1294 (May 23 low)

U.S. stock futures advanced before reports that may show consumer confidence is improving and the housing market is stabilizing.

Global Stocks:

Nikkei  8,657.08 +63.93 +0.74%

Hang Seng 19,055.46 +254.47 +1.35%

Shanghai Composite 2,389.64 +28.27 +1.20%

FTSE  5,376.46 +20.12 +0.38%

CAC  3,066.58 +23.61 +0.78%

DAX 6,381.77 +58.58 +0.93%

Crdue oil $91.26 (+0.44%)

Gold $1577.60 (+0.55%)

Asian stocks rose amid speculation China will do more to boost growth in the world’s second-largest economy, tempering concern about Europe’s debt crisis.

Nikkei 225 8,657.08 +63.93 +0.74%

S&P/ASX 200 4,114.4 +46.37 +1.14%

Shanghai Composite 2,390.68 +29.31 +1.24%

Chinese automakers Geely Automobile Holdings Ltd. and Dongfeng Motor Group Co. rose at least 2.4 percent after BNP Paribas SA said they may benefit from government subsidies.

Komatsu Ltd., a Japanese construction machinery maker that gets 14 percent of sales from China, gained 3.2 percent.

Shui On Land Ltd. jumped 7 percent in Hong Kong after the developer controlled by billionaire Vincent Lo said it plans to spin off its Xintiandi entertainment complex unit.

Asian stocks rose, with the regional benchmark index rebounding from a five-month low, as concern eased that Greece may exit the euro, outweighing a report that profit growth slowed at China’s industrial companies.

Nikkei 225 8,593.15 +12.76 +0.15%

S&P/ASX 200 4,068 +38.75 +0.96%

Shanghai Composite 2,354.65 +21.09 +0.90%

Nintendo Co., a Japanese maker of game consoles that depends on Europe for a third of its sales, climbed 2.6 percent in Osaka.

Esprit Holdings Ltd., a retailer that gets 79 percent of sales in the debt-stricken region, advanced 2.1 percent.

Renesas Electronics Corp., the world’s biggest maker of microcontrollers for cars, sank 11 percent after a person briefed on the matter said it plans to raise 100 billion yen ($1.3 billion) and eliminate more than 10,000 jobs.

Change % Change Last

Nikkei 225 8,593.15 +12.76 +0.15%

S&P/ASX 200 4,068 +38.75 +0.96%

Shanghai Composite 2,354.65 +21.09 +0.90%