Novosti i prognoe: tržište kapitala od 08-05-2014

European stocks increased supported by the ECB President Mario Draghi comments the ECB could add new stimulus measures in June to tackle low inflation. He added the low inflation rate in the context of strong euro is a cause for concern. The ECB President has not specified what kind of stimulus measures could be added by the ECB.

The Bank of England kept unchanged interest rate at 0.50% and the asset purchase plan remained at 375 billion pounds.

Barclays shares increased 8.1%. The company will cut 7,000 jobs at the investment bank to reduce its dependence on the unit. Barclays reported it is planning to cut 14,000 jobs worldwide this year, up from the 12,000 cuts announced in February.

Metro AG shares climbed 2.9% after announcing the better-than-expected earnings.

ProSiebenSat.1, German media group, increased 5.7% after the release of a 9.5 percent increase in first-quarter core earnings.

Rheinmetall AG shares were up 8% after posting a 12% sales increase in the first quarter.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,839.25                             +42.81                     +0.63%

DAX                                      9,607.4                              +86.10                     +0.90%

CAC 40                                 4,507.24                             +60.80                     +1.37%

U.S. stock futures fell as technology stocks declined and investors speculated on the timing of possible stimulus moves in Europe.

Global markets:

Nikkei 14,163.78 +130.33 +0.93%

Hang Seng 21,837.12 +90.86 +0.42%

Shanghai Composite 2,015.27 +5.19 +0.26%

FTSE 6,818.99 +22.55 +0.33%

CAC 4,473.96 +27.52 +0.62%

DAX 9,556.58 +35.28 +0.37%

Crude oil $100.17 (-0.60%)

Gold $1290.30 (+0.12%)

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

Upgrades:

Downgrades:

Chevron (CVX) downgraded to Hold from Buy at Argus

FedEx (FDX) downgraded to Equal Weight from Overweight at Barclays, target lowered to $140 from $160

Other:

Walt Disney (DIS) target raised to $90 from $85 at Stifel  (80.29)

Exxon Mobil (XOM) target raised to $114 from $104 at Argus

European stocks increased due to the stronger-than-expected earnings results from companies across Europe. Investors are awaiting the ECB interest rate decision later in the day. Analysts expect interest rates will remain at a record low level at 0.25%. The major problem of the Eurozone is the low inflation. The ECB President Mario Draghi has many times stated that the central bank will take appropriate measures to tackle low inflation. ECB’s goal is a 2% inflation.

Market participants hope for easing tensions in Ukraine. Russian President Vladimir Putin said yesterday that Russia is ready to discuss a way out of the Ukrainian crisis with the head of the Organization for Security and Co-operation in Europe.

Barclays shares climbed 6.2%. The company will cut 7,000 jobs at the investment bank to reduce its dependence on the unit. Barclays reported it is planning to cut 14,000 jobs worldwide this year, up from the 12,000 cuts announced in February.

Metro AG shares climbed 5.1% after announcing the better-than-expected earnings.

ProSiebenSat.1, German media group, increased 4.8% after the release of a 9.5 percent increase in first-quarter core earnings.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,828.65                             +32.31                     +0.50%

DAX                                      9,566.3                              +45.00                     +0.50%

CAC 40                                 4,472.21                             +25.77                     +0.60%

Asian stock indices climbed due to the stronger-than-expected Chinese trade data. Chinese trade surplus rose to $18.46 billion in April, from $7.71 billion in March, beating expectations of an increase to $13.1 billion.

Indexes on the close:

Nikkei 225                     14,163.78         +130.33     +0.93%

Hang Seng                     21,837.12           +90.86     +0.42%

Shanghai Composite      2,015.27            +5.19       +0.26%

Mitsubishi shares increased 6.6% after the company released better than expected earnings and said it will buy back its stocks.