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Analytics, News, and Forecasts for CFD Markets: stock news — 30-11-2012.
European stocks posted their biggest weekly rally of the year as speculation rose that Congress will agree on a U.S. budget that avoids the so-called fiscal cliff and China’s manufacturing expanded.
Obama said at a press conference in Bangkok on Nov. 18 that he is “confident” of striking a deal over a new budget. House Speaker John Boehner, a Republican, said after the close of European trading on Nov. 16 that he held constructive talks with the president and would accept increased government revenue and spending cuts. Congress returns on Nov. 26 after the Thanksgiving recess.
Euro-area factory output contracted less than economists had estimated in November, a Markit Economics report on Nov. 22 showed. The index based on a purchase managers’ survey climbed to 46.2 from 45.4 in October, beating the average economist estimate of 45.6.
In Germany, the Ifo institute said its business climate index, based on a survey of 7,000 executives, increased to 101.4 from 100 in October, the first gain in eight months. Economists predicted a drop to 99.5, according to the median estimate of economists.
National benchmark indexes increased in all of the 18 western European markets this week, except Iceland. The U.K.’s FTSE 100 rose 3.8 percent, France’s CAC 40 added 5.6 percent and Germany’s DAX Index climbed 5.2 percent.
Nokia soared 31 percent, the biggest weekly gain since 1992. The Finnish mobile-phone maker said Nov. 19 it received reports that its Lumia 920 model had sold out in Germany. Danske Bank A/S analyst Ilkka Rauvola advised investors to buy the shares, saying in a note dated Nov. 22 that Nokia will sell 36 million smartphones that use Microsoft Corp.’s Windows software in 2013, higher than an earlier estimate of 23 million.
Alcatel-Lucent jumped 13 percent after people familiar with the matter said Nov. 22 the network equipment vendor is in talks with Goldman Sachs to get a loan to strengthen its balance sheet. Before this week, the company’s shares had declined 35 percent from the beginning of the year to trade near the lowest price since at least 1992.
Swiss Life Holding AG surged 15 percent, the largest increase since March 2009. Analysts estimated before its investor day on Nov. 28 that the life insurer may write down almost half the value of its German broker unit AWD Holding AG.
Fugro NV tumbled 12 percent after the world’s biggest surveyor of deepwater oilfields cut its full-year profit forecast and said Chairman Arnold Steenbakker will step down.
U.S. stock futures were little changed as lawmakers continue to negotiate on the federal budget and data showed consumer spending fell in October.
Global Stocks:
Nikkei 9,446.01 +45.13 +0.48%
Hang Seng 22,030.39 +107.50 +0.49%
Shanghai Composite 1,980.12 +16.63 +0.85%
FTSE 5,886.66 +16.36 +0.28%
CAC 3,576.47 +7.59 +0.21%
DAX 7,427.28 +26.32 +0.36%
Crude oil $88.10 +0.03%
Gold $1725.70 +0.09%
Pfizer (PFE) was initiated with a Buy at Citigroup
Merck (MRK) was initiated with a Neutral at Citigroup
European stock indices traded in the green zone. According to Bloomberg, had had a positive impact statement by the former member of the board of the European Central Bank (ECB), Jose Manuel Gonzalez-Paramo, which says that Spain may avoid the need to apply for financial assistance from the European Union, as it manages independently despite expectations to raise funds in the debt markets.
Also support the market provided an optimistic forecast of U.S. President Barack us embrace the situation with the threat of the "fiscal cliff." Obama hopes to negotiate with Congress to "Christmas."
The unemployment rate in the euro area in October was as expected (11.7% (11.7% of the forecast). Eurogroup on Monday plans to consider the details of Greece's debt repayment and a draft memorandum of understanding with Cyprus.
FTSE 100 5,879.3 +9.00 +0.15%
CAC 40 3,574.74 +5.86 +0.16%
DAX 7,424.13 +23.17 +0.31%
TNT Express shares rose 1.3%. Shares of Spanish construction company Ferrovial SA airport operator rose 2.4% after it was announced that its Board of Directors approved the dividend for 2012 at the level of 1 euro per share. Stock price of Hugo Boss AG fell 0.9% after the deterioration of recommendations for the company's securities by Goldman Sachs to "neutral" from "buy."
Asian stocks rose, with the benchmark regional index heading for its second weekly advance, as Japan’s cabinet approved an economic stimulus package and the country’s industrial production unexpectedly increased.
Nikkei 225 9,446.01 +45.13 +0.48%
S&P/ASX 200 4,506.04 +28.31 +0.63%
Shanghai Composite 1,979.41 +15.92 +0.81%
Nissan Motor Co., which gets 79 percent of its sales outside Japan, gained 0.9 percent as the yen dropped to a seven- month low against the euro.
Rio Tinto Group rose 2.8 percent in Sydney as JPMorgan Chase & Co. said the mining company’s plan to cut costs by $5 billion may boost shareholder returns.
Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. rose after agreeing to merge thermal-energy businesses.
Asian stocks rose as U.S. lawmakers said they’re optimistic for an agreement to avoid automatic spending cuts and tax increases and as the leader of Japan’s opposition party called for unlimited monetary policy easing.
Nikkei 225 9,400.88 +92.53 +0.99%
S&P/ASX 200 4,477.73 +30.42 +0.68%
Shanghai Composite 1,963.49 -10.04 -0.51%
Honda Motor Co., a carmaker that gets 44 percent of its sales in North America, gained 2 percent in Tokyo.
Sky Network Television Ltd., New Zealand’s largest pay-TV operator, jumped the most in more than a year in Wellington after announcing a special dividend.
Starpharma Holdings Ltd. tumbled 29 percent in Sydney after the biotechnology company said it won’t file a application for a new drug in the U.S. after a disappointing clinical trial.
European stocks rallied to their highest in 17 months as optimism grew that U.S. President Barack Obama will reach an agreement with Congress on a new budget.
Obama said after European markets closed yesterday that the two political parties can agree on a framework for a budget deal to prevent $607 billion of automatic tax increases and spending cuts from coming into effect in January.
A European Commission report showed that economic confidence in the euro area climbed in November from a three- year low. The index of executive and consumer sentiment in the region increased to 85.7 from a revised 84.3 in October. Economists had forecast the gauge would be unchanged from an initial reading of 84.5.
Another release showed German unemployment rose less this month than economists had predicted. The number of people without jobs increased 5,000 to 2.94 million, the Federal Labor Agency said. Economists had forecast joblessness would climb by 16,000, according to the average estimate.
National benchmark indexes advanced in every western- European market except Greece. The U.K.’s FTSE 100 climbed 1.2 percent, France’s CAC 40 gained 1.5 percent and Germany’s DAX added 0.8 percent.
Rio Tinto jumped 5.1 percent to 3,090 pence after saying it will cut $5 billion from operating and support costs next year. The mining company also said that it will increase production at its iron ore, copper and alumina units.
Invensys Plc soared 8.9 percent to 305 pence. The maker of software for London Underground trains will probably be acquired after completing the sale of its rail-signaling division to Siemens AG, RBC said. After the close of European trading yesterday, Invensys said it agreed to sell the unit to Siemens for 1.74 billion pounds ($2.8 billion). Вarclays Plc and Bank of America Corp. also recommended buying the shares. Invensys posted its biggest two-day rally since at least 1988.
Volkswagen AG added 1.3 percent to 165.80 euros, its highest price in at least 20 years, after Europe’s largest carmaker said it will extend its partnership with China’s FAW Group beyond 2016, when the existing contract expires. The new joint venture will run for an additional 25 years. Both companies concluded that neither side has infringed on technology patents, Volkswagen said.
U.S. stocks started today's session growth, in the middle of trading lost recruited position, but later managed to recover.
The session support indices provided optimism of market participants about solving the problem of automatic tax increases and cost savings, the 'fiscal cliff. " Reason for optimism words yesterday became Speaker of the U.S. House John Boehner and President Obama, who expressed confidence in reaching a compromise on the looming problem.
However, like two weeks ago, no specific thesis was announced today and Boehner reported no significant progress on the issue of "fiscal cliff." Boehner words were voiced after a meeting with U.S. Treasury Secretary Timothy Geithner. The reason for such a contrast, compared with yesterday's comments, statements Boehner called the Democrats lack a serious approach to real cost savings. This cost reduction is a key condition in which the Republicans are willing to compromise with an increase in taxes. Despite this, Boehner said he hoped that the next talks will be more productive.
From the statistics today pleased housing data - the index of pending home sales rose more than expected in October to the highest level since April 2010 level. In other macro data was below economists' forecasts - according to revised data showed U.S. gross domestic product grew by 2.7% (+2.8% expected), and the number of initial claims for unemployment benefits fell to 393 thousand from a revised 416 thousand with an average forecast 390 thousand
Most of the components of the index surged DOW (20 of 30). More than the others fell in the share price Intel Corporation (INTC, -2.79%). The reason for selling shares of INTC is now reduced by Goldman their target price to $ 16 from $ 20. In Goldman pay attention to the fact that inventories at manufacturers Intel and AMD have reached record levels, indicating that the deterioration in demand for their products. Lead stocks Unitedhealth (UNH, +3.05%).
All sectors of the S & P showed moderate growth. Lead the health sector (+0.8%).
's Second-largest luxury jewelry retailer Tiffany & Co fell 6.2% after the publication of the quarterly results. Thus, in the third-quarter net income fell 30% to $ 63.2 million, while sales increased by 3.8% to $ 852.7 million in revenue results and profits were below analysts' expectations, and in addition, management has lowered forecasts current year.
Shares of smartphone Blackberry maker Research in Motion jumped by 4% on a rating increase shares to "buy" from neutral analysts Goldman Sachs.
At the close:
Dow 13,021.82 +36.71 +0.28%
Nasdaq 3,012.03 +20.25 +0.68%
S & P 500 1,415.95 +6.02 +0.43%
Change % Change Last
Nikkei 225 9,400.88 +92.53 +0.99%
S&P/ASX 200 4,477.73 +30.42 +0.68%
Shanghai Composite 1,963.49 -10.04 -0.51%
FTSE 100 5,870.3 +67.02 +1.15%
CAC 40 3,568.88 +53.69 +1.53%
DAX 7,400.96 +57.55 +0.78%
Dow 13,021.82 +36.71 +0.28%
Nasdaq 3,012.03 +20.25 +0.68%
S&P 500 1,415.95 +6.02 +0.43%
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