Analytics, News, and Forecasts for CFD Markets: stock news — 29-07-2013.

European stocks closed little changed, trimming earlier gains, as companies from Danone (BN) to TNT (TNTE) Express NV reported results.

The Stoxx Europe 600 Index added less than 0.1 percent to 299.06 at the close of trading, having earlier climbed as much as 0.7 percent. The gauge slipped 0.3 percent last week as earnings from BASF SE and ABB Ltd. missed estimates while a survey of purchasing managers showed euro-area manufacturing unexpectedly expanded in July for the first time in two years.

National benchmark indexes advanced in 10 of the 18 western-European markets today.

FTSE 100 6,560.25 +5.46 +0.08% CAC 40 3,968.91 +0.07 0.00% DAX 8,259.03 +14.12 +0.17%

The Stoxx 600 has rallied 4.9 percent in July, the biggest monthly gain since October 2011, as the Federal Reserve said it remains flexible on the pace of asset purchases. Fed policy makers begin a two-day meeting tomorrow.

U.S. gross domestic product probably rose 1 percent on an annualized basis in the second quarter, after gaining 1.8 percent in the previous period, data will show on Wednesday, according to a separate survey of economists. Payrolls increased by 185,000 after a 195,000 gain in June, and the jobless rate fell to 7.5 percent from 7.6 percent, according to the median forecast of economists before Labor Department data on Friday.

Danone rose 3.2 percent to 59.27 euros. Second-quarter revenue growth topped analyst estimates as the company sold more baby-nutrition products in China and dairy sales climbed more than forecast.

Elan increased 3.7 percent to 11.55 euros after the Irish drug company agreed to be bought by Perrigo Co., a U.S. maker of over-the-counter medicines.

Royal KPN NV (KPN) rallied 4.6 percent to 1.98 euros. Billionaire Carlos Slim’s America Movil SAB ended an agreement with KPN that capped the Mexican company’s stake in the Dutch phone carrier at about 30 percent. If America Movil raises its stake above that threshold, it would have to bid for all of KPN’s shares, according to Dutch law.

Essilor International SA (EI) climbed 6.2 percent to 85.62 euros as the world’s biggest maker of eyeglass lenses agreed to buy full control of its Transitions Optical venture from PPG Industries Inc. for $1.73 billion to strengthen its tinted-products line.

TNT declined 4.6 percent to 5.86 euros, the largest drop since January. The company reported a second-quarter loss of 304 million euros ($403 million), after a profit of 39 million euros last year.

Barclays Plc (BARC) fell 3.5 percent to 309.05 pence as Britain’s second-largest bank by assets considers selling shares or contingent convertible bonds.

U.S. stock-index futures dropped  before a report that may show fewer Americans signed contracts to buy houses last month.

Global Stocks:

Nikkei  13,661.13 -468.85 -3.32%

Hang Seng 21,850.15 -118.80 -0.54%

Shanghai Composite 1,976.31 -34.54 -1.72%

FTSE  6,574.81 +20.02 +0.31%

CAC  3,981.89 +13.05 +0.33%

DAX 8,265.93 +21.02 +0.25%

Crude oil $105.12 +0.40%

Gold $1329.20 +0.58%

Upgrades:

Downgrades:

Microsoft (MSFT) downgraded to Neutral from Overweight at Atlantic Equities

Other:

European stocks gained for the first time in three days as companies from Danone to TNT Express NV reported results

The Stoxx 600 has gained 5.3 percent in July as the Federal Reserve said it remains flexible on the pace of asset purchases. Fed policy makers begin a two-day meeting tomorrow.

Danone, the owner of Evian bottled water and Activia yogurt, increased 3.1 percent to 59.24 euros. Second-quarter revenue growth topped estimates as the company sold more baby-nutrition products in China and dairy sales rose more than forecast.

Elan jumped 11 percent to 12.41 euros, the highest price in five years, after the Irish drug company agreed to be bought by Perrigo Co., a U.S. maker of over-the-counter medicines.

TNT declined 5.4 percent to 5.81 euros, the largest retreat since March 25. The company reported a second-quarter loss of 304 million euros ($403 million), after a profit of 39 million euros last year.

Ryanair Holdings Plc, Europe’s biggest discount airline, fell 2.5 percent percent to 6.99 euros as first-quarter earnings dropped 21 percent on higher fuel costs and an early Easter travel season.

FTSE 100 6,573.18 +18.39 +0.28 %

CAC 40 3,978.78 +9.94 +0.25 %

DAX 8,264.9 +19.99 +0.24 %

Asian stocks dropped, with the regional benchmark index heading for a fourth day of declines, after the yen strengthened and lenders fell. Resources shares slid after China’s industrial profit slowed.

Nikkei 225 13,661.13 -468.85 -3.32 %

Hang Seng 21,890.02 -78.93 -0.36 %

S&P/ASX 200 5,046.3 +4.27 +0.08 %

Shanghai Composite 1,976.31 -34.54 -1.72 %

Toyota Motor Corp. slipped 4.1 percent in Tokyo, pacing losses among Japanese exporters as the yen traded near a one-month low to the dollar.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest publicly traded lender, dropped 4 percent, extending its biggest weekly decline in two months.

Jiangxi Copper Co., China’s biggest producer of the metal, fell 1.9 percent in Hong Kong.