Новини ринків

European stocks gained for a second day, rallying from earlier losses, as U.S. consumer confidence rose to a four-year high in May and talks continued on forming a Greek government.

In the U.S., consumer confidence rose in May to the highest level in four years, indicating falling fuel costs are helping households look past weaker employment growth.

In Greece, Evangelos Venizelos, the socialist Pasok leader, will press counterparts on a proposal for a unity government that would avert a new election.

Stocks earlier fell after Spain said it will force the country’s banks to increase provisions against losses on real estate loans by 30 billion euros ($38 billion) and will hire two auditors to gauge all the assets of lenders in the government’s fourth attempt to clean up the financial system.

A gauge of European banks was the second-worst performer of the 19 industry groups in the Stoxx 600, with Barclays Plc dropping 2.9 percent to 202.8 pence.

Credit Agricole SA, France’s third-largest bank by market value, lost 1 percent to 3.46 euros after it said first-quarter profit fell to 252 million euros from 1 billion euros a year earlier, hurt by Greek losses.

Telefonica SA, Spain’s largest phone company, declined 1.3 percent to 11.17 euros. First-quarter operating income before depreciation and amortization was 5.08 billion euros, falling short of the 5.23 billion-euro analyst estimate. Revenue in the first quarter was 15.51 billion euros, more than the average analyst estimate of 15.43 billion euros. The company reiterated its full-year targets.

A gauge of European carmakers was the best performing group in the Stoxx 600. Renault SA and Pirelli & C SpA jumped 5 percent to 33.19 euros, and 4.3 percent to 8.90 euros, respectively. Nissan Motor Co., Japan’s second-biggest automaker, forecast profit will rise to the highest in five years, helped by rising demand for its vehicles in the U.S. and China.

The euro weakened for a second week, touching a three-month low versus the dollar, as concern builds that Greece may be forced to withdraw from the currency union with the nation’s politicians unable to form a government. The 17-nation currency rose earlier after the leader of Greece’s New Democracy Party said four parties have vowed to remain in the euro if they form part of the next administration. Gross domestic product in the euro area will drop 0.3 percent this year, the European Commission said, reiterating a February forecast. Greece will have the deepest contraction, with GDP shrinking 4.7 percent, while the economies of Spain and Italy are seen falling 1.8 percent and 1.4 percent, respectively.

The yen rose against most of their 16 major peers after JPMorgan Chase & Co. said it made a surprise $2 billion trading loss, boosting demand for safer assets. The yen erased earlier gains against some of its major counterparts after a gauge of U.S. consumer confidence topped economists’ estimates, renewing appetite for some higher- yielding assets.

The pound fell against the dollar, extending a second weekly decline, after an industry report showed U.K. consumer confidence dropped last month as the economy slipped into a double-dip recession. Sterling weakened versus most of its major peers as signs economic outlook is worsening raised the prospect that Governor Mervyn King will hint at resuming bond purchases, or quantitative easing, when the central bank releases its Inflation Report next week.

Oil rebounded after U.S. consumer confidence in May climbed to the highest level in four years, bolstering optimism that the economic growth and fuel demand will accelerate.

Futures erased a 1.5 percent loss after the Thomson Reuters/University of Michigan preliminary index of consumer sentiment reached 77.8, the highest since January 2008. Prices dropped earlier as China’s industrial output slowed in April and concern grew that Europe’s debt crisis will worsen.

Crude oil for June delivery dropped to $95.61 earlier. The contract is 1.4 percent lower this week.

Brent oil for June settlement slipped 22 cents to $112.51 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract’s premium to West Texas Intermediate was at $15.43, down from $15.65 yesterday.

U.S. stocks rose, rebounding from a slump driven by JPMorgan Chase & Co.’s $2 billion trading loss, after an unexpected increase in a gauge of consumer confidence.

Equities rebounded after data showed consumer confidence rose in May to the highest level in four years, indicating falling fuel costs are helping households look beyond a retreat in stocks and weaker employment growth. Earlier declines were led by JPMorgan. The firm’s chief investment office, run by Ina Drew, 55, took flawed positions on synthetic credit securities that remain volatile and may cost an additional $1 billion this quarter or next, Dimon told analysts yesterday.

Nine out of 10 groups in the S&P 500 rose today. Technology companies, which comprise 20 percent of the benchmark measure, added 0.6 percent, led by some of the world’s largest companies. Intel Corp. (INTC) advanced 2.4 percent, the most in the Dow, to $27.90. Microsoft Corp. (MSFT) increased 1.9 percent to $31.31.

A measure of diversified financial institutions in the S&P 500 tumbled 2 percent, for the biggest decline among 24 groups. JPMorgan (JPM) slumped 7.5 percent to $37.70. Citigroup retreated 3.2 percent to $29.69. Goldman Sachs slipped 2.5 percent to $103.64. Morgan Stanley (MS) slumped 2.7 percent to $15.18. Bank of America Corp. (BAC) rose 0.2 percent to $7.72, after falling as much as 3.8 percent earlier today.

Nvidia surged 8.6 percent to $13.49. Revenue for the period ending in July will reach $990 million to $1.05 billion, the Santa Clara, California-based company said today in a statement. Analysts had estimated $976.3 million.

Bed Bath & Beyond Inc. gained 4.8 percent to $72.02. The company was raised to the equivalent of buy at Credit Suisse Group AG. The share-price estimate is $91.

Nordstrom Inc. dropped 2.8 percent to $52.02. The U.S. chain with more than 100 namesake department stores posted first-quarter profit that trailed analysts’ estimates as expenses for e-commerce investments increased.

Gold drops on Friday, succumbing to sales in the global financial grounds after the huge losses JPMorgan undermined investor confidence.

U.S. bank JPMorgan Chase & Co said that he had lost at least $ 2 billion as a result of a failed hedging strategies. Although these losses are directly related to JPMorgan, they may have common negative consequences - further tightening of controls and oversight of risk management.

Hopes that the Greek politicians will be able to agree among themselves, a little calm markets. Antonis Samaras Conservative leader said that there is still hope to form a government, thus avoiding the re-election.

It should be noted that today the outlook for economic growth published European Commission. In 2012, for the whole euro area is expected to decline in GDP of 0.3%(same as the IMF predicts), while Germany's GDP growth at 0.7%, France's GDP growth by 0.5%, but drop in GDP in Italy by 1.4%.

The cost of the June gold futures on the COMEX fell today to $ 1572.0 an ounce and is now trading at $ 1586.8 an ounce.

Flows muted, offers at $1.2960/80 ensuring no runaway gains just yet. Last $1.2952.

Resistance 3:1370 (May 7 high)

Resistance 2 : 1360/63 (area of May 9-10 high)

Resistance 1 : 1353 (session high)

The current price: 1346,25

Support 1:1344/45 (area of May 10-11 low)

Support 2:1339 (May 9 low)

Support 3:1333/34 (area of Feb 10-15 low)

U.S. stock index futures fell on Friday and were on track to extend the week's losses after JPMorgan Chase & Co revealed a shocking trading loss of at least $2 billion from a failed hedging strategy. The news sent shares of the Dow component down 7.2 percent to $37.80 in premarket trading, and is the latest hurdle for a

sector already besieged by the sovereign debt crisis in Europe and fears of slowing growth globally. While other gains partially offset the trading loss, JPMorgan Chase estimates the business unit with the portfolio will lose $800 million in the current quarter, excluding private equity results and litigation expenses. The bank had previously expected the unit to earn a profit of about $200 million.

Nikkei  8,953.31 -56.34 -0.63%

Hang Seng 19,964.63 -262.65 -1.30%

Shanghai Composite 2,394.98 -15.25 -0.63%

FTSE 100 5,509.58 -34.37 -0.62%

CAC 40 3,089.09 -41.08 -1.31%

Xetra DAX 6,476.85 -41.15 -0.63%

Oil 95.86 -1.22 -1.26%

Gold 1584.60 -10.90 -0.68%

Data:

06:00 Germany CPI, m/m (finally) April +0.4% +0.1% +0.1%

06:00 Germany CPI, y/y (finally) April +2.3% +2.0% +2.2%

08:30 United Kingdom Producer Price Index - Input (MoM) April +1.9% -0.8% -1.5%

08:30 United Kingdom Producer Price Index - Input (YoY) April +5.8% +2.1% +1.2%

08:30 United Kingdom Producer Price Index - Output (MoM) April +0.6% +0.4% +0.7%

08:30 United Kingdom Producer Price Index - Output (YoY) April +3.6% +2.9% +3.3%

The euro rose from a three-month low against the dollar on optimism Greek political leaders will reach an agreement to form a new government that keeps the country in the single currency union. The 17-nation currency erased losses against the yen as Antonis Samaras, leader of Greece’s New Democracy Party, said four political parties have accepted term of no exit from the euro region.

Gross domestic product in the euro area will drop 0.3 percent this year, the European Commission said, reiterating a February forecast. Greece will have the deepest contraction, with GDP shrinking 4.7 percent, while the economies of Spain and Italy are seen contracting 1.8 percent and 1.4 percent.

The dollar and yen rose against most of their major counterparts after JPMorgan Chase & Co. said it made a surprise $2 billion trading loss, boosting demand for safer assets.

EUR/USD

Offers $1.3020, $1.3000, $1.2980, $1.2960

Bids $1.2900, $1.2860/90

Resistance 3: Y81.20 (area of 38,2% FIBO Y84,20-Y79,40, МА (200) on Н4)

Resistance 2: Y80.55/60 (area of May 2-3 high, resistance lines from Mar 23)

Resistance 1: Y80.00/10 (area of a session high and May 8 high)

The current price: Y79.91

Support 1: Y79.70 (session low)

Support 2: Y79.40 (May 9 low)

Support 3: Y79.15 (61,8% FIBO Y76.00-Y84.20)

Resistance 3: Chf0.9380 (Jan 23 high)

Resistance 2: Chf0.9330 (Mar high)

Resistance 1: Chf0.9305 (session high)

The current price: Chf0.9294

Support 1: Chf0.9255 (May 10 low)

Support 2: Chf0.9190/80 (area of May 4 high, May 7-8 low)

Support 3: Chf0.9110 (area of May 3-4 low)

Resistance 3 : $1.6240 (May 1-2 high)

Resistance 2 : $1.6200 (area of May 7-8 high)

Resistance 1 : $1.6170 (resistance line from May 7)

The current price: $1.6106

Support 1 : $1.6090 (May 10 low)

Support 2 : $1.6060 (50,0% FIBO $1,5820-$1,6300, May 9 low)

Support 3 : $1.6000 (61,8% FIBO $1,5820-$1,6300, Apr 19 low, psychological level)

Resistance 3 : $1.3120 (МА (100) for D1)

Resistance 2 : $1.3070/80 (area of May 4 low, May 7-8 high)

Resistance 1 : $1.2980 (May 10 high)

The current price: $1.2943

Support 1 : $1.2900 (session low)

Support 2 : $1.2870 (Jan 23 low)

Support 3 : $1.2620 (Jan low)

European stocks resumed losses as company earnings missed estimates, talks on forming a Greek government entered a fifth day and JPMorgan Chase & Co. posted a $2 billion trading loss. Asian shares and U.S. futures fell. In Greece, Evangelos Venizelos, the socialist Pasok leader, will press counterparts on a proposal for a unity government that would avert a new election. Greece’s political impasse has raised the possibility another election will have to be held as early as next month, threatening the implementation of austerity pledges. The standoff has reignited European concern over Greece’s ability to hold to the terms of its two bailouts negotiated since May 2010 and sparked concerns about the country leaving the euro. JPMorgan Chase late yesterday reported a $2 billion surprise loss on synthetic credit securities. Chief Executive Officer Jamie Dimon said the loss occurred after an “egregious” failure in a unit managing risks.

FTSE 100 5,519.05 -24.90 -0.45%

CAC 40 3,105.34 -24.83 -0.79%

Xetra DAX 6,506.81 -11.19 -0.17%

EUR/USD $1.2900, $1.2950, $1.2975, $1.3000

USD/JPY Y79.50, Y80.00, Y80.10, Y81.00

GBP/USD $1.6050, $1.6150, $1.6200

EUR/GBP stg0.7970

AUD/USD $0.9950, $1.0120, $1.0150, $1.0195, $1.0200

Asian stocks dropped for a third day after JPMorgan Chase & Co. said it had a $2 billion trading loss and China’s industrial output grew at a slower pace, while production at Indian factories unexpectedly contracted.

Nikkei  8,953.31 -56.34 -0.63%

Hang Seng 19,964.63 -262.65 -1.30%

Shanghai Composite 2,394.98 -15.25 -0.63%

Industrial & Commercial Bank of China Ltd., the world’s biggest lender by market value, dropped 1.6 percent in Hong Kong. Sony Corp. tumbled 6.4 percent in Tokyo, heading for its lowest close since 1980, after the maker of Bravia televisions and PlayStation game consoles forecast half as much profit as analysts were expecting. Genting Singapore Plc sank 3.6 percent as the theme park and casino operator posted lower first-quarter net income.

Data:

01:30 China CPI y/y April +3.6% +3.5% +3.4%

01:30 China PPI y/y April -0.3% -0.5% -0.7%

05:30 China Industrial Production y/y April +11.9% +12.1% +9.3%

05:30 China Retail Sales y/y April +15.2% +15.1% +14.1%

 

The euro are under pressure before Italy sells short-term debt today amid concern the region’s debt crisis is deepening.

The common currency fell as Greece’s political leaders go into a fifth day of talks to form a government and before data that may show the euro region’s economy contracted.

Italy plans to raise as much as 10 billion euros ($12.9 billion) from bill sales. The dollar and the yen were bound for a weekly gain versus most major as JPMorgan Chase & Co. said it made a $2 billion trading loss, boosting demand for safer assets.

 

EUR/USD: the pair showed low in $1,2900 area then slightly receded.

GBP/USD: the pair decreased in $1.6100 area.

USD/JPY: the pair receded in Y79.80 area.

 

US data starts at 1230GMT with producer prices, which are expected to hold steady again in April after the flat reading in March. Energy

prices are expected to decline further after falling 1.0% in March. The core PPI is forecast to rise 0.2% in the month after the 0.3% increase

in March. At 1315GMT, Dallas Fed President Richard Fisher speaks to the  Texas Bankers Association 128th Annual Convention. US data continues at

1355GMT, when the Michigan Sentiment Index is expected to hold steady at a reading of 76.4 in early-May after rising slightly in April.

• revises up 2012 global demand outlook 80 kbd to 90.0 mbd

• April global oil supply rose 600 kbd m/m to 91.0 mbd

Asian stocks swung between gains and losses as forecasts for higher earnings by companies including Toyota Motor Corp. offset concern Greece will be forced out of the euro and signs China’s economy is slowing.

Bank of Communications Co. fell 1.3 percent in Hong Kong, pacing declines among Chinese lenders after a report mainland trade growth slowed.

LG Display Co., a maker of liquid-crystal displays that depends on Europe for about 18 percent of sales, slipped 2.4 percent in Seoul.

Toyota, Asia’s biggest carmaker, climbed 0.8 percent in Tokyo after saying profit this fiscal year may more than double.

The euro rose from a three-month low as Europe’s bailout fund confirmed that aid to Greece had been received and officials said progress was made forming a government, easing concern the nation will leave the monetary union. Greece’s socialist leader Evangelos Venizelos said he saw the first “good omen” in four days of attempts to form a coalition government and avert a new election. Greece “can continue to function with the disbursement,” commission spokesman Olivier Bailly told reporters in Brussels after yesterday’s European Financial Stability Facility decision to disburse immediately only 4.2 billion euros ($5.4 billion) of a 5.2 billion-euro loan tranche. The remaining 1 billion euros will be “disbursed in due time to cover future needs.”

The British pound rose against the dollar after the Bank of England’s Monetary Policy Committee held its quantitative easing target at 325 billion pounds ($525 billion), ending a second round of stimulus.

EUR/USD: during yesterday's session the pair was limited $1.2920-$ 1,2980.

GBP/USD: despite of volatility, positions of pair on results of yesterday's session  changed appreciably.

USD/JPY: yesterday the pair rose in Y80.00 area.

At 0800GMT, the IEA monthly oil market report is due.

UK data at 0830GMT sees the April Producer Price Index as well as March Construction Output data. PPI is expected to show the trend of

rising input prices coming to an end, with analysts' median forecast for a 0.8% drop on the month following March's 1.9% rise (median 2.1% y/y).

US data starts at 1230GMT with producer prices, which are expected to hold steady again in April after the flat reading in March. Energy

prices are expected to decline further after falling 1.0% in March. The core PPI is forecast to rise 0.2% in the month after the 0.3% increase

in March. At 1315GMT, Dallas Fed President Richard Fisher speaks to the  Texas Bankers Association 128th Annual Convention. US data continues at

1355GMT, when the Michigan Sentiment Index is expected to hold steady at a reading of 76.4 in early-May after rising slightly in April.

Resistance 3: Y81.20 (area of 38,2 % FIBO Y84,20-Y79,40, МА (200) on Н4)
Resistance 2: Y80.50/55 (area of May 2-3 highs, resistance line from Mar 23)
Resistance 1: Y80.00/10 (area of session high and May 8 high)
Current price: Y79.85
Support 1: Y79.80 (support line from May 9)
Support 2: Y79.40 (May 9 low)
Support 3: Y79.15 (61,8 % FIBO Y76.00-Y84.20)

Resistance 3: Chf0.9380 (Jan 23 high)
Resistance 2: Chf0.9330 (high of March)
Resistance 1: Chf0.9300 (area of session high and May 9 high)
Current price: Chf0.9294
Support 1: Chf0.9255 (May 10 low)
Support 2: Chf0.9190/80 (area of May 4 high, May 7-8 lows and resistance line from Mar 15)
Support 3: Chf0.9110 (area of May 3-4 lows)

Комментарии: на Н4 сформировалась дивергенция между ценой и индикатором МACD, что повышает вероятность коррекции в ближайшее время.

Resistance 3 : $1.6240 (May 1-2 high)

Resistance 2 : $1.6200 (area of May 7-8 high)

Resistance 1 : $1.6170 (resistance line from May 7, МА (200) on Н1)

Current price: $1.6119

Support 1 : $1.6090 (May 10 low)

Support 2 : $1.6060 (50,0 % FIBO $1,5820-$ 1,6300, May 9 low)

Support 3 : $1.6000 (61,8 % FIBO $1,5820-$ 1,6300, Apr 19 low, psychological level)

Resistance 3 : $1.3120 (МА (100) for D1)

Resistance 2 : $1.3070/80 (area of May 4 low, May 7-8 high)

Resistance 1 : $1.2980 (May 10 high)

Current price: $1.2936

Support 1 : $1.2900 (session low)

Support 2 : $1.2870 (Jan 23 low)

Support 3 : $1.2620 (low of January)

Комментарии: на Н4 сформировалась дивергенция между ценой и индикатором МACD, что повышает вероятность коррекции в ближайшее время. Также стоит отметить, что на D1 индикатор RSI приближается к зоне перепроданности (на текущий момент значение индикатора находится на уровне 31,6567).

Nikkei 225 9,009.65 -35.41 -0.39%

Hang Seng 20,207.28 -123.36 -0.61%

S&P/ASX 200 4,295.6 +20.52 +0.48%

Shanghai Composite 2,410.62 +2.04 +0.08%

FTSE 100 5,543.95 +13.90 +0.25%
CAC 40 3,130.17 +11.52 +0.37%
DAX 6,518 +42.69 +0.66%
Dow 12,855 +20 +0.16%
Nasdaq 2,934 -1 -0.04%
S&P 500 1,358 +3 +0.25%

EUR/USD $1,2932 -0,02%
GBP/USD $1,6132 +0,02%
USD/CHF Chf0,9288 +0,04%
USD/JPY Y79,89 +0,34%
EUR/JPY Y103,31 +0,31%
GBP/JPY Y128,85 +0,33%
AUD/USD $1,0057 +0,16%
NZD/USD $0,7837 -0,01%
USD/CAD C$1,0030 +0,08%

01:30 China CPI y/y April +3.6% +3.5% +3.4%

01:30 China PPI y/y April -0.3% -0.5% -0.7%

05:30 China Industrial Production y/y April +11.9% +12.1%

05:30 China Retail Sales y/y April +15.2% +15.1%

06:00 Germany CPI, m/m (finally) April +0.4% +0.1%

06:00 Germany CPI, y/y (finally) April +2.3% +2.0%

08:30 United Kingdom Producer Price Index - Input (MoM) April +1.9% -0.8%

08:30 United Kingdom Producer Price Index - Input (YoY) April +5.8% +2.1%

08:30 United Kingdom Producer Price Index - Output (MoM) April +0.6% +0.4%

08:30 United Kingdom Producer Price Index - Output (YoY) April +3.6% +2.9%

12:30 Canada Employment April 82.3 12.9

12:30 Canada Unemployment rate April 7.2% 7.3%

12:30 U.S. PPI, m/m April 0.0% 0.0%

12:30 U.S. PPI, y/y April +2.8% +2.1%

12:30 U.S. PPI excluding food and energy, m/m April +0.3% +0.2%

12:30 U.S. PPI excluding food and energy, Y/Y April +2.9% +2.8%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (preliminary) May 76.4 76.5