Novosti i prognoe: tržište kapitala od 15-10-2014

Stock indices closed lower due to disappointing economic data from the U.S. The U.S. retail sales declined 0.3% in September, missing expectations for a 0.1% drop, after a 0.6% gain in August.

The U.S. producer price index fell 0.1% in September, missing expectations for a 0.1% gain, after a flat reading in August.

The NY Fed Empire State manufacturing index decreased to 6.2 in September from 27.5 in August. Analysts had expected the index to decline to 20.3.

Worries about the outlook for the economy in the Eurozone also weighed on markets. Germany cut its growth forecasts for 2014 and 2015. The growth for this year was lowered to 1.2%, down from 1.8%, while the growth for 2015 was cut to 1.2%, down from 2%.

German consumer price inflation was flat in September, in line with expectations.

The U.K. unemployment rate dropped to 6.0% in the June to August quarter from 6.4% in the three months to July, exceeding expectations for a decline of 6.1%.

The claimant count in the U.K. decreased by 18,600 people in September, missing expectations for a drop of 34,200 people, after a decrease of 33,200 people in August. August's figure was revised from a decline of 37,200.

Shire Plc shares dropped 21%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,211.64 -181.04 -2.83%

DAX 8,571.95 -253.26 -2.87%

CAC 40 3,939.72 -148.53 -3.63%

U.S. stock futures fell as weaker-than-forecast reports on retail sales and New York manufacturing added to concerns over global economic growth.

Global markets:

Nikkei 15,073.52 +137.01 +0.92%

Hang Seng 23,140.05 +92.08 +0.40%

Shanghai Composite 2,373.67 +14.19 +0.60%

FTSE 6,292.34 -100.34 -1.57%

CAC 3,995 -93.25 -2.28%

DAX 8,654.55 -170.66 -1.93%

Crude oil $80.55 (-1.59%)

Gold $1234.00 (-0.02%)

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

Upgrades:

JPMorgan Chase (JPM) upgraded from Hold to Buy at Argus, target $65

Downgrades:

Intel (INTC) downgraded to Underweight from Equal-Weight at Morgan Stanle

Other:

JPMorgan Chase (JPM) target lowered from $73 to $69 at Oppenheimer

Intel (INTC) target raised from $35 to $36 at FBR Capital

Intel (INTC) target raised from $33 to $34 at Cowen

Intel (INTC) target raised from $34 to $35 at RBC Capital Mkts

European stock markets mid session: stocks traded lower on worries about the outlook for the economy in the Eurozone

Stock indices traded lower on worries about the outlook for the economy in the Eurozone. Germany cut its growth forecasts for 2014 and 2015. The growth for this year was lowered to 1.2%, down from 1.8%, while the growth for 2015 was cut to 1.2%, down from 2%.

German consumer price inflation was flat in September, in line with expectations.

The U.K. unemployment rate dropped to 6.0% in the June to August quarter from 6.4% in the three months to July, exceeding expectations for a decline of 6.1%.

The claimant count in the U.K. decreased by 18,600 people in September, missing expectations for a drop of 34,200 people, after a decrease of 33,200 people in August. August's figure was revised from a decline of 37,200.

Shire Plc shares dropped 26%.

Current figures:

Name Price Change Change %

FTSE 100 6,331.21 -61.47 -0.96%

DAX 8,763.4 -61.81 -0.70%

CAC 40 4,058.97 -29.28 -0.72%

Asian stock indices closed higher due to declining oil price.

Chinese economic data was weaker than expected. China's consumer price index declined to 1.6% in September from 2.0% in August, missing expectations for a decline to 1.7%.

China's producer price index dropped to 1.8% in September from a decline of 1.2% in August, missing expectations for a decrease to 1.4%.

Investors speculate China's government will add more economic stimulus measures to support the country's economy.

Japan's industrial production declined 1.9% in August, after a 1.5% drop in July. Analysts had expected a 1.5% decrease.

Japanese Economics Minister Akira Amari said in parliament that the government does not want to intentionally weaken the yen, and any negative impact from rising import prices should be closely monitored.

Indexes on the close:

Nikkei 225 15,073.52 +137.01 +0.92%

Hang Seng 23,140.05 +92.08 +0.40%

Shanghai Composite 2,373.67 +14.19 +0.60%