Novosti i prognoe: tržište kapitala od 10-06-2014

Stock traded mixed. Last week’s ECB interest rate decision weighed on stock markets. The European Central Bank cut its interest rate to 0.15% from 0.25% last Thursday. The ECB also cut its marginal lending to 0.40% from 0.75% and reduced its deposit rate to -0.10% from 0.0%.

Markets were also supported by the strong economic data. Manufacturing output in the U.K. increased 0.4% in April, meeting expectations, after 0.5% gain in March. On a yearly basis, manufacturing production in the U.K. rose 4.4% in April, exceeding expectations for a 4% increase, after a 3.3% increase in March.

Industrial production in the U.K. climbed 0.4% in April, in line with forecasts, after a 0.1% decline in March. On a year-over-year basis, industrial production in the U.K. rose 3.0% in April, after a 2.3% increase in March. Economists had expected a 2.7% gain.

The National Institute of Economic and Social Research (NIESR) released their monthly U.K. GDP estimates. They forecasted that GDP increased by 0.9% in the three months ending in May after rise of 1.1% in the three months ending in April 2014.

Industrial production in France rose 0.3% in April, meeting expectations, after a 0.4% decline in March. March’s figure was revised up from a 0.7% decrease.

On a yearly basis, industrial production in France was flat in April, after a 0.8% fall in March.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,873.55                                 -1.45                         -0.02%

DAX                                   10,028.80                               +20.17                       +0.20%

CAC 40                                4,595.00                                 +5.88                       +0.13%

U.S. stock-index futures fell as investors weighed equity valuations.

Global markets:

Nikkei 14,994.8 -129.20 -0.85%

Hang Seng 23,315.74 +198.27 +0.86%

Shanghai Composite 2,052.53 +22.03 +1.08%

FTSE 6,854.1 -20.90 -0.30%

CAC 4,589.45 +0.33 +0.01%

DAX 10,021.34 +12.71 +0.13%

Crude oil $104.66 (+0.24%)

Gold $1261.10 (+0.57%)

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

Upgrades:

Twitter (TWTR) upgraded to Market Perform from Underperform at Wells Fargo

Downgrades:

Other:

Intel (INTC) resumed with a Hold at Canaccord Genuity

Exxon Mobil (XOM) initiated with Hold at Deutsche Bank

PepsiCo (PEP) initiated with a Buy at Jefferies

Coca-Cola (KO) initiated with a Hold at Jefferies

Stock indices traded little changed after the U.K. and French economic data. Manufacturing output in the U.K. increased 0.4% in April, meeting expectations, after 0.5% gain in March. On a yearly basis, manufacturing production in the U.K. rose 4.4% in April, exceeding expectations for a 4% increase, after a 3.3% increase in March.

Industrial production in the U.K. climbed 0.4% in April, in line with forecasts, after a 0.1% decline in March. On a year-over-year basis, industrial production in the U.K. rose 3.0% in April, after a 2.3% increase in March. Economists had expected a 2.7% gain.

Industrial production in France rose 0.3% in April, meeting expectations, after a 0.4% decline in March. March’s figure was revised up from a 0.7% decrease.

On a yearly basis, industrial production in France was flat in April, after a 0.8% fall in March.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,847.88                               -27.12                         -0.39%

DAX                                   10,025.87                               +17.24                       +0.17%

CAC 40                                4,598.26                                 +9.14                       +0.20%

Most Asian stock rose due to the increasing consumer price inflation in China. The Chinese consumer price index increased 2.5% in May, after a 1.8% gain in April. Analysts had expected a 2.4% rise.

The Chinese producer price index declined 1.4% in May, after a 2.0% decrease in April. Analysts had expected a 1.5% fall.

Japan’s preliminary machine tool orders decreased to 24.1% in May from 48.7% in April. April’s figure was revised down from 48.8%.

Japanese tertiary industry activity index dropped to -5.4% in April from 2.4% in March. Analysts had expected the index to fall -3.3%.

Indexes on the close:

Nikkei 225                         14,994.80                 -129.20            -0.85%

Hang Seng                         23,315.74                 +198.27           +0.86%

Shanghai Composite          2,052.53                   +22.03            +1.08%

LG Innotek Co., a supplier of camera modules for smartphones, rose 7.6%.

LG Display Co., a supplier of panels for Apple Inc., climbed 6.4%.