Novosti i prognoe: tržište kapitala od 17-09-2014

Most stock indices closed higher, waiting for the results of the Fed's monetary policy meeting. Market participants expect the Fed will cut its asset purchase program by another $10 billion. Market participants also speculate the Fed will start to hike its interest rate sooner than expected.

Eurostat said today consumer price inflation was revised up to an annual rate of 0.4% in August from a preliminary reading of 0.3%.

Eurozone's consumer price index excluding food, energy, alcohol, and tobacco costs increased 0.9% in August.

The unemployment rate in the U.K. fell to 6.2% in July from 6.4% in June, beating expectations for a decline to 6.3%. That was the lowest level since late 2008.

The average earnings index including bonuses increased 0.6% in the three months to July, beating forecast of a 0.5% rise, after a 0.1% decline in the three months to June. June's figure was revised up from a 0.2% drop.

The average earnings index excluding bonuses climbed 0.7% in the three months to July, after a 0.7% gain in the three months to June. June's figure was revised up from a 0.6% increase.

Two members of Bank of England's Monetary Policy Committee, Ian McCafferty and Martin Weale, voted for the second consecutive month to raise interest rates to 0.75% from 0.5%.

Investors are awaiting the results of the Scotland's independence referendum on Thursday.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,780.9 -11.34 -0.17%

DAX 9,661.5 +28.57 +0.30%

CAC 40 4,431.41 +22.26 +0.50%

U.S. stock futures were little changed as investors assessed whether data showing a drop in consumer prices will give the Federal Reserve room to keep rates lower for longer.

Global markets:

Nikkei 15,888.67 -22.86 -0.14%

Hang Seng 24,376.41 +240.40 +1.00%

Shanghai Composite 2,307.89 +11.34 +0.49%

FTSE 6,786.99 -5.25 -0.08%

CAC 4,434.2 +25.05 +0.57%

DAX 9,666.78 +33.85 +0.35%

Crude oil $94.50 (-0.41%)

Gold $1237.50 (+0.06%)

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

Upgrades:

Downgrades:

Other:

General Electric (GE) initiated with a Buy at Stifel, target $30

Apple (AAPL) target raised to $114 from $110 at RBC Capital Mkts

3M (МММ) initiated with a Hold at Stifel, target $158

Stock indices traded higher ahead of the Fed's policy meeting. Market participants expect the Fed will cut its asset purchase program by another $10 billion. Market participants also speculate the Fed will start to hike its interest rate sooner than expected.

Eurostat said today consumer price inflation was revised up to an annual rate of 0.4% in August from a preliminary reading of 0.3%.

Eurozone's consumer price index excluding food, energy, alcohol, and tobacco costs increased 0.9% in August.

The unemployment rate in the U.K. fell to 6.2% in July from 6.4% in June, beating expectations for a decline to 6.3%. That was the lowest level since late 2008.

The average earnings index including bonuses increased 0.6% in the three months to July, beating forecast of a 0.5% rise, after a 0.1% decline in the three months to June. June's figure was revised up from a 0.2% drop.

The average earnings index excluding bonuses climbed 0.7% in the three months to July, after a 0.7% gain in the three months to June. June's figure was revised up from a 0.6% increase.

Two members of Bank of England's Monetary Policy Committee, Ian McCafferty and Martin Weale, voted for the second consecutive month to raise interest rates to 0.75% from 0.5%.

Current figures:

Name Price Change Change %

FTSE 6,807.37 +15.13 +0.22%

DAX 9,683.82 +50.89 +0.53%

CAC 40 4,441.75 +32.60 +0.74%

Most Asian stock closed higher as China's central bank started to boost liquidity. The People's Bank of China yesterday started to inject 500 billion yuan ($81.4 billion) into the country's five biggest lenders (100 billion yuan each).

Market participants are awaiting the results of the Fed' policy meeting. They expect the Fed will cut its asset purchase program by another $10 billion.

Market participants also speculate the Fed will start to hike its interest rate sooner than expected.

Indexes on the close:

Nikkei 225 15,888.67 -22.86 -0.14%

Hang Seng 24,376.41 +240.40 +1.00%

Shanghai Composite 2,307.89 +11.34 +0.49%