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Analytics, News, and Forecasts for CFD Markets: stock news — 30-10-2012.
European stocks rose the most in two weeks as companies from BP Plc to Deutsche Bank AG reported earnings that topped estimates and U.S. house prices climbed.
Teleconference was held today between the Ministry of Finance of the Eurogroup, in which officials discussed the situation in Greece and how to get the country back on the path of sustained recovery ahead of the meeting, scheduled for November 12. Another meeting will be held tomorrow, at which EU leaders are going to help the problem state by another reduction program.
The Bank of Japan on Tuesday expanded the program of buying up assets and lending by 11 trillion yen to 91 trillion yen, and launched a program of unlimited long-term loans to banks at low rates.
The September unemployment rate in Germany was revised from 6.8% to 6.9%, remained unchanged in October. Spanish GDP surprised annual decline, the data on consumer confidence, though the eurozone improved slightly, but still remained weak. Italy sold five-and 10-year bonds at a lower yield, and the balance of sales in the UK, according to research by CBI, was 30 in October.
National benchmark indexes advanced in 15 of the 18 western-European markets. Germany’s DAX climbed 1 percent, the U.K.’s FTSE 100 gained 0.8 percent and France’s CAC 40 rallied 1.4 percent.
BP jumped 4.4 percent to 443.7 pence, the largest jump in 11 months. The company said third-quarter net income rose to $5.4 billion from $5 billion in the same period of 2011 and raised its dividend by 12.5 percent to 9 cents a share. Profit adjusted for one-time items and changes in inventory was $5.2 billion, compared with the average estimate of $4 billion.
Eni SpA added 2.1 percent to 17.69 euros as Italy’s largest oil producer reported third-quarter adjusted net income from continuing operations of 1.78 billion euros ($2.3 billion). Analysts had forecast 1.56 billion euros.
Deutsche Bank increased 4.5 percent to 34.80 euros. The lender said third-quarter profit rose 3 percent after investment-banking revenue exceeded targets. Net income climbed to 747 million euros in the three months through September from 725 million euros a year earlier, the company said. That beat the 563.9 million-euro average estimate of analysts.
UBS climbed 5.9 percent to 13.89 Swiss francs, its highest price since July 2011. The bank said it plans to save about 3.4 billion francs ($3.7 billion) in additional annual costs by the end of 2015 as it reduces headcount by 10,000 to about 54,000. The company will target a return on equity of at least 15 percent starting in 2015, compared with a previous goal of 12 percent to 17 percent.
Danske Bank slumped 9.4 percent to 94 kroner, its biggest drop since February 2011. Denmark’s largest lender said it plans to sell 7 billion kroner ($1.2 billion) in new shares as part of an effort to achieve a core Tier 1 capital ratio in excess of 13 percent by the end of next year.
European stock markets on the rise of the indices. This is caused by the positive statements of the oil giant BP and Germany's biggest lender Deutsche Bank.
Were lower than forecast data on the index of business optimism and business sentiment in the Eurozone. Data on the labor market in Germany was at the level of the forecast.
U.S. financial markets do not work today with Hurricane Sandy.
FTSE 100 5,840.35 +45.25 +0.78%
CAC 40 3,440.99 +32.10 +0.94%
DAX 7,269.57 +66.41 +0.92%
BP shares rose 3.5%. BP's net profit in the third quarter of 2012 compared to the same period last year increased by 7.7% - to $ 5.434 billion profit, adjusted for one-off factors, was $ 5.2 billion expected by analysts at Bloomberg $ 4 billion company also announced an increase in dividend by 12.5% - to 9 cents per share.
Capitalization of Deutsche Bank AG rose 3.3%. Germany's largest bank increased its net profit in the third quarter of 2012 by 3% - up to 747 million euros from 725 million euros in the same period last year.
UBS AG shares jumped 5.6%. So the market reacted to the statement of the planned reduction in 10 thousand jobs, which has been discussed by investors and the release of kapitalozatratnyh trading.
5.1% shares fell Danske Bank, the largest bank in Denmark. This related to statements of intent to carry out an additional issue for 7 billion euros ($ 1.2 billion) by the end of next year to bring the capital adequacy ratio of the first order and 13%.
Most Asian stocks fell after the Bank of Japan’s expansion of its asset-purchase program failed to allay concern economic growth in the world’s third-largest economy is waning. Hurricane Sandy forced U.S. markets to shut for a second day.
Nikkei 225 8,841.98 -87.36 -0.98%
S&P/ASX 200 4,485.69 +8.83 +0.20%
Shanghai Composite 2,062.35 +3.40 +0.17%
Toyota Motor Corp. lost 0.5 percent, reversing earlier gains, after the central bank’s announcement. BYD Co., the Chinese automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., tumbled 5.5 percent after saying profit may fall as much as 98 percent this year.
Sharp Corp. surged 6.2 percent in Tokyo on a report the maker of liquid-crystal displays is in partnership talks with Apple Inc. and Google Inc.
Asian stocks dropped for a second day after companies including Honda Motor Co. reported earnings that disappointed investors and Hong Kong developers slid on a new real estate tax targeting foreign buyers.
Nikkei 225 8,929.34 -3.72 -0.04%
S&P/ASX 200 4,476.86 +4.48 +0.10%
Shanghai Composite 2,058.94 -7.27 -0.35%
Honda, Japan’s third-largest carmaker, tumbled 4.7 percent after cutting its full-year profit forecast.
New World Development Co. led Hong Kong’s property companies lower, dropping 7.1 percent.
LG Display Co. climbed 7.6 percent in Seoul after posting its first profit in more than a year.
European stocks dropped, snapping a three-day advance, as Hurricane Sandy headed toward New York City, prompting the U.S. to suspend equity trading on all markets today.
Italian Prime Minister Mario Monti and his Spanish counterpart Mariano Rajoy meet in Madrid today, less than a week after Monti signaled that he would like Spain to ask for a full sovereign bailout from the European Union.
Greece’s political leaders continued to seek agreement on the labor reforms and structural changes needed to qualify for more aid under the country’s international bailout.
National benchmark indexes fell in 13 of the 18 western- European markets. The U.K.’s FTSE 100 slipped 0.2 percent and France’s CAC 40 lost 0.8 percent. Germany’s DAX slid 0.4 percent, while Greece’s ASE tumbled 6.3 percent.
BT retreated 1.5 percent to 213.9 pence after the person, who asked not to be identified, said that European corporate customers have cut back on its services. The U.K.’s largest fixed-line phone company had said that underlying revenue growth would improve in the fiscal years ending March 2013 and 2014. BT is scheduled to release earnings on Nov. 1.
ThyssenKrupp AG dropped 3.7 percent to 17.19 euros. Germany’s biggest steelmaker asked companies to resubmit offers for its unprofitable Americas unit after deciding the original bids were too low, people familiar with the matter said.
UBS jumped 7.3 percent to 13.12 francs. The lender intends to shrink its fixed-income operations, reducing risk-weighted assets by an additional 100 billion francs ($107 billion), said a person with knowledge of the matter who requested anonymity because the plans are private.
The main U.S. stock markets are closed due to weather conditions
Change % Change Last
Nikkei 225 8,929.34 -3.72 -0.04%
S&P/ASX 200 4,476.86 +4.48 +0.10%
Shanghai Composite 2,058.94 -7.27 -0.35%
FTSE 100 5,795.1 -11.61 -0.20%
CAC 40 3,408.89 -26.20 -0.76%
DAX 7,203.16 -28.69 -0.40%
Dow closedNasdaq closed
S&P closed
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