Novosti i prognoe: tržište kapitala od 08-07-2014

Stock indices fell due to more European banks may be fined by U.S. authorities. Commerzbank AG shares declined 5.6% after a person with knowledge of the matter said the bank was negotiating a settlement with U.S. authorities over their dealings with countries blacklisted by the U.S.

Germany's trade surplus increased to €18.8 billion in May from €17.2 billion in April. April's figure was revised down from a surplus of €17.7 billion. Analysts had expected the trade surplus to decline to €15.7 billion in May.

France's trade deficit widened to €4.9 billion in June from a deficit of €4.1 billion in May. May's figure was revised down from a deficit of €3.9 billion. Analysts had expected the trade deficit to increase to €4.1 billion in May.

Manufacturing production in the U.K. declined 1.3% in May, missing expectations for a 0.5% gain, after a 0.4% rise in April. That was the largest decline since January 2013.

Industrial production in the U.K. dropped 0.7% in May, missing forecasts of a 0.3% increase, after the 0.4% rise in April. That was the biggest decline since August 2013.

The National Institute of Economic and Social Research released its GDP estimate for U.K. NIESR estimates the GDP growth at 0.9% in the second quarter, up from 0.8% in the first quarter.

Air France-KLM shares dropped 8.7% after the company lowered its full-year profit forecast.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,738.45 -85.06 -1.25%

DAX 9,772.67 -133.40 -1.35%

CAC 40 4,342.53 -63.23 -1.44%

U.S. stock-index futures fell as investors weighed valuations before the start of the earnings season.

Global markets:

Nikkei 15,314.41 -65.03 -0.42%

Hang Seng 23,541.38 +0.46 0.00%

Shanghai Composite 2,064.02 +4.09 +0.20%

FTSE 6,780.37 -43.14 -0.63%

CAC 4,382.12 -23.64 -0.54%

DAX 9,858.61 -47.46 -0.48%

Crude oil $103.46 (-0.07%)

Gold $1323.50 (+0.49%)

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

Upgrades:

Argus upgrades 3M (MMM) to Buy from Hold

Downgrades:

Other:

Visa (V) resumed with a Buy at Goldmanm target $250

MasterCard (MA) resumed with a Buy at Goldman, target $86

Stock indices traded lower after mixed economic data from the Eurozone and disappointing manufacturing production from the U.K. Germany's trade surplus increased to €18.8 billion in May from €17.2 billion in April. April's figure was revised down from a surplus of €17.7 billion. Analysts had expected the trade surplus to decline to €15.7 billion in May.

France's trade deficit widened to €4.9 billion in June from a deficit of €4.1 billion in May. May's figure was revised down from a deficit of €3.9 billion. Analysts had expected the trade deficit to increase to €4.1 billion in May.

Manufacturing production in the U.K. declined 1.3% in May, missing expectations for a 0.5% gain, after a 0.4% rise in April. That was the largest decline since January 2013.

Industrial production in the U.K. dropped 0.7% in May, missing forecasts of a 0.3% increase, after the 0.4% rise in April. That was the biggest decline since August 2013.

Air France-KLM shares dropped 4.6% after the company lowered its full-year profit forecast.

Commerzbank AG shares declined 4% after a person with knowledge of the matter said the bank was negotiating a settlement with U.S. authorities over their dealings with countries blacklisted by the U.S.

Current figures:

Name Price Change Change %

FTSE 100 6,790.67 -32.84 -0.48%

DAX 9,857.83 -48.24 -0.49%

CAC 40 4,385.81 -19.95 -0.45%

Asian stock indices traded little changed in a subdued trading session. Investors are awaiting the release of the Chinese consumer price index and producer price index and the Federal Reserve's last policy meeting on Wednesday.

Strong economic data was released in Japan. Bank lending in Japan increased 2.5% in June from a rise of 2.4% in May, exceeding expectations for a 2.3% gain.

Japan's current account surplus rose to 522.8 billion yen in May from a surplus of 187.4 billion yen in April. Analysts had expected an increase to 417.5 billion yen.

Indexes on the close:

Nikkei 225 15,314.41 -65.03 -0.42%

Hang Seng 23,541.38 +0.46 0.00%

Shanghai Composite 2,064.02 +4.09 +0.20%

(index / closing price / change items /% change)

S&P/ASX 200 5,524.98 +33.73 +0.61%

TOPIX 1,285.24 +6.65 +0.52%

SHANGHAI COMP 2,059.37 -3.85 -0.19%

HANG SENG 23,546.36 +14.92 +0.06%

FTSE 100 6,865.71 +0.50 +0.01%

CAC 40 4,468.98 -20.90 -0.47%

DAX 10,009.17 -20.26 -0.20%

Dow +92.02 17,068.26 +0.54%

Nasdaq +28.2 4,485.93 +0.63%

S&P +10.82 1,985.44 +0.55%