Novosti i prognoe: tržište kapitala od 04-09-2014

Stock indices closed higher on a European Central Bank's interest rate cut. The European Central Bank (ECB) lowered its interest rate to 0.05% from 0.15%. The central bank also cut its deposit facility rate to -0.20% from -0.10% and its marginal lending rate to 0.30% from 0.40%.

The ECB President Mario Draghi said the central bank will start buying asset-backed securities, including covered bonds. Details of the asset-backed securities (ABS) program will be announced later.

German factory orders rose 4.6% in July, exceeding expectations for a 1.6% increase, after a 2.7% decline in June. June's figure was revised up from a 3.2% fall.

The Bank of England (BoE) kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion.

Bilfinger SE shares dropped 9.4% after the company lowered its full-year profit forecast.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,877.97 +4.39 +0.06%

DAX 9,724.26 +97.77 +1.02%

CAC 40 4,494.94 +73.07 +1.65%

U.S. stock futures rose after the European Central Bank unexpectedly cut interest rates and said it will buy asset-backed securities to stimulate growth.

Global markets:

Nikkei 15,676.18 -52.17 -0.33%

Hang Seng 25,297.92 -20.03 -0.08%

Shanghai Composite 2,306.86 +18.23 +0.80%

FTSE 6,887.88 +14.30 +0.21%

CAC 4,480.06 +58.19 +1.32%

DAX 9,678.39 +51.90 +0.54%

Crude oil $93.0 (-0.83%)

Gold $1271.60 (+0.10%)

(company / ticker / price / change, % / volume)

Most stock indices traded lower ahead of the European Central Bank's interest rate decision. Investors speculate that the European Central Bank will add further stimulus measures.

German factory orders rose 4.6% in July, exceeding expectations for a 1.6% increase, after a 2.7% decline in June. June's figure was revised up from a 3.2% fall.

Bilfinger SE shares dropped 11% after the company lowered its full-year profit forecast.

Current figures:

Name Price Change Change %

FTSE 100 6,884.05 +10.47 +0.15%

DAX 9,585.08 -41.41 -0.43%

CAC 40 4,413.9 -7.97 -0.18%

Most Asian stock indices closed lower as investors are awaiting the European Central Bank's interest rate decision. The ECB will released its interest rate decision today. Investors speculate that the European Central Bank will add further stimulus measures.

The Bank of Japan (BoJ) released its interest rate decision today. The BoJ kept its monetary policy unchanged. The BoJ said it will expand the monetary base at an annual pace of about ¥60 to ¥70 trillion. Japan's central bank added that it will continue with its quantitative and qualitative easing to achieve the 2% inflation target.

Indexes on the close:

Nikkei 225 15,676.18 -52.17 -0.33%

Hang Seng 25,297.92 -20.03 -0.08%

Shanghai Composite 2,306.86 +18.23 +0.80%