Новини ринків

The Standard & Poor’s 500 Index rose toward the best week in a month, as retailers surged to a record, after improving corporate earnings and consumer confidence tempered lower-than-forecast economic growth.

Equities rose even after data showed the U.S. economy expanded at a 2.2 percent annual rate in the first quarter, less than the 2.5 percent increase forecast by economists. Confidence among U.S. consumers climbed in April to the highest level in a year, according to a separate report.

DOW 13,260.00 +55.33 0.42%

S&P 500 1,406.38 +6.40 0.46%

NASDAQ 3,072.79 +22.18 0.73%

Procter & Gamble Co. (PG) slumped 4 percent to $64.22 for the biggest loss in the Dow. The world’s largest consumer-products company reduced its full-year earnings forecast amid higher costs for raw materials.

Amazon surged 17 percent to $228.59. Chief Executive Officer Jeff Bezos is looking to add customers by pouring money into new versions of the Kindle and warehouses that are equipped to send out products faster. In the quarter when it was introduced last November, the Kindle Fire tablet rocketed to No. 2 in the market behind Apple Inc.’s iPad, according to IDC.

Expedia soared 27 percent to $41.50. “Gross bookings and revenue growth were again driven by strength in our hotel business with global room-nights growing 24 percent, a nice acceleration from the 19 percent we saw for the fourth quarter,” Dara Khosrowshahi, the company’s chief executive officer, said on a conference call yesterday.

European stocks climbed for a fourth day, for the longest stretch of gains in six weeks, as results from Vinci SA to Sandvik AB topped estimates, outweighing slower-than-forecast U.S. economic growth.

Spain’s sovereign credit rating was cut for the second time this year by Standard & Poor’s on concern that the country will have to provide further fiscal support to banks as the economy contracts. S&P lowered the long-term grade to BBB+ from A, with a negative outlook and reduced the short-term rating to A-2 from A-1.

Italy sold 5.95 billion euros ($7.9 billion) of bonds today, less than the maximum for the auction, as the country paid 60 basis points more than a month ago to sell 10-year debt.

National benchmark indexes gained in 14 of the 18 western- European markets. France’s CAC 40 rose 1.1 percent, while the U.K.’s FTSE 100 increased 0.5 percent and Germany’s DAX added 0.9 percent.

Vinci jumped 4.2 percent to 35.56 euros after posting a 6 percent increase in the first-quarter sales, beating estimates. The construction company reported a revenue of 8.1 billion euros, compared with analysts’ forecasts for 7.64 billion euros.

CRH Plc, the world’s second-biggest building-materials maker, gained 3.9 percent to 1,268 pence. The stock was raised to overweight, the equivalent of buy, from underweight at JPMorgan Chase & Co.

Sandvik advanced 12 percent to 104 kronor, the biggest jump since November 2008. The company reported first-quarter profit that beat analysts’ estimates and posted record order intake as demand grew in the Americas.

Nobel Biocare, the world’s second-biggest dental implant maker, rose 4.2 percent to 11.15 Swiss francs after it said first-quarter profit rose 9.5 percent on growth in North America as Europe continued to falter along with the economy.

The yen rose against most of its major counterparts after the U.S. economy grew less than forecast and Standard & Poor’s cut Spain’s credit rating, adding to concern Europe’s debt crisis is worsening. The yen also gained amid concern new Bank of Japan stimulus won’t be enough to boost the nation’s growth. The Japanese central bank increased the total size of its stimulus programs by 5 trillion yen ($62 billion). It’s boosting its asset-purchase fund to 40 trillion yen by June 2013, versus the previous target of 30 trillion yen by year-end, while paring by 5 trillion yen a separate program that provides funds to banks.

The euro fell against the yen and dollar after S&P cut Spain’s long-term credit rating yesterday by two steps to BBB+ from A. It said the nation’s outlook is negative as the recession undermines efforts to trim its budget deficit. The unemployment rate in Spain increased to an 18-year high of 24.4 percent in the first quarter, from 22.9 percent in the previous three months, the National Statistics Institute said in Madrid. Italy paid 60 basis points, or 0.6 percentage point, more than a month ago to sell 10-year debt. The country auctioned 5.95 billion euros ($7.9 billion) of bonds today.

The dollar extended a loss versus the euro after Commerce Department figures showed U.S. gross domestic product rose in the first quarter at a 2.2 percent annual rate. That followed a 3 percent pace from October through December and compared with the 2.5 percent median forecast of economists.

The pound rose for a 10th day against the dollar, its longest winning streak since June 1992, and climbed to the strongest in almost 22 months against the euro.

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  • We will continue to protect the binding level of the franc against the euro at 1.20.

Oil fell as the U.S. economy expanded less than forecast in the first quarter and a cut in Spain’s credit rating renewed concern that Europe’s faltering economy may curb fuel demand.

Futures dropped as much as 0.8 percent after the Commerce Department said gross domestic product rose at a 2.2 percent annual rate following a 3 percent pace. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent gain.

Standard & Poor’s reduced Spain’s credit rating yesterday for the second time this year. Spain’s sovereign credit rating was reduced by two levels, to BBB+ from A, with a negative outlook, New York-based S&P said in a statement yesterday. The country’s short-term rating was cut to A-2 from A-1.

The European sovereign debt crisis that began in Greece and then moved to Ireland, Portugal, Italy and Spain has reduced economic growth in the euro region.

Crude oil for June delivery dropped to $104.14 a barrel on the New York Mercantile Exchange. Futures are up 1.2 percent this week and have increased 5.5 percent this year.

Brent oil for June settlement slipped 36 cents, or 0.3 percent, to $119.56 a barrel on the London-based ICE Futures Europe exchange.

Gold is going up against the backdrop of statistical data in the U.S. and the depreciation of the dollar against world currencies.

The mood of investors on Friday, influenced by a number of ambiguous statistical data from the U.S.. Thus, according to the Ministry of Commerce, U.S. GDP in real terms grew by 2.2% in January-March 2012 compared to 3% in the last quarter of last year. Analysts had expected growth rate of 2.5%.

At the same time, the index of consumer sentiment, University of Michigan in April of this year, according to the final evaluation, rose to 76.4 points from 76.2 points in March. In this initial assessment was 75.7 points in April, but analysts speculated that the figure in the final version will be 75.9 points.

Demand for precious metals on Friday, and supports a weak dollar. The dollar to a basket of six currencies of countries - major U.S. trading partners fell by 0.48% - up 78.78 points.

In addition, investors are investing in gold as a safe asset after the news from Europe, where the international rating agency Standard & Poor's downgraded the sovereign credit ratings of Spain to 'BBB +' from 'A', which reinforced investors' concerns over the situation in the country's economy.

The cost of the June gold futures on COMEX has risen now to $ 1668.40 an ounce.

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  • European Monetary Union is not working

  • Demand for Canadian exports to continue to be weak for a long tim

Resistance 3:1420 (area of high of March) 

Resistance 2:1414 (area of Apr 3 high)

Resistance 1:1402 (session high)

Current price: 1394,75

Support 1:1380 (Apr 26 low)

Support 2:1372 (Apr 25 low)

Support 3: 1360 (Apr 24 low)

EUR/USD $1.3250, $1.3200, $1.3195, $1.3140, $1.3120

USD/JPY Y81.00, Y81.25

GBP/USD $1.6150, $1.6050, $1.6000

EUR/GBP  stg0.8200

AUD/USD $1.0360

EUR/JPY Y105.25, Y107.00, Y107.85

USD/CAD C$0.9800

U.S. stock futures were little changed, with the Standard and Poor’s 500 Index poised for the biggest weekly rally in a month, as data showing the economy expanded less than forecast tempered earnings optimism.

Global Stocks:

Nikkei 225 9,520.89 -40.94 -0.43%

Hang Seng 20,722.75 -86.96 -0.42%

S&P/ASX 200 4,362.1 -13.10 -0.30%

Shanghai Composite 2,396.32 -8.38 -0.35%

FTSE 100 5,698.77 -20.12 -0.35%

CAC 40 3,195.05 -38.41 -1.19%

DAX 6,652.94 -51.56 -0.77%

Crude oil: $104.49 (-0.06%).

Gold: $1664.30 (+0.23%).

Merck & Co (MRK): pharmacist Merck & Co reported a quarterly profit that exceeded analysts' forecasts, but sales do not have lasted up to expectations due to increased competition in the production of generics. Thus, in the first quarter net profit rose to $ 1.04 billion, or 34 cents per share a year earlier to $ 1.74 billion, or 56 cents a share.Excluding special items profit was 99 cents per paper, analysts on average expected 98 cents on the paper. Revenue in the period under review totaled $ 11.73 billion with an average forecast of analysts at $ 11.82 billion. MRK in premarket rose to $ 38.80 (+0.86%).

Procter & Gamble (PG): consumer goods manufacturer Procter & Gamble recorded lower profits in the third quarter of fiscal year due to additional costs on the background of business restructuring, as well as rising prices for raw materials. Thus, the company's profit was $ 2.41 billion, or 82 cents per share, compared with $ 2.87 billion, or 96 cents a year earlier paper. In fact, core profit reached 94 cents a share, while analysts expected 93 cents. Sales for the period under review increased by 2% to $ 20.19 billion. PG in premarket fell to $ 65.25 (-2.42%).

Data

06:00   Germany       Gfk Consumer Confidence Survey    May 5.9    5.9    5.6

07:00   Japan   BOJ Press Conference -                              

07:00   Switzerland   KOF Leading Indicator        April 0.08 0.26 0.4

12:25   Canada         BOC Gov Carney Speaks    -                              

12:30   U.S. GDP, y/y (preliminary) Quarter I       +3.0% +2.6% +2.2%

12:30   U.S. PCE price index ex food, energy, q/q   Quarter I       +1.3% +2.3% +2.4%

12:30   U.S. Employment Cost Index        Quarter I       +0.4% +0.5% +0.4%

The euro dropped to a one-week low against the yen after Standard & Poor’s cut Spain’s credit rating and the nation’s unemployment rate jumped, adding to concern the region’s debt crisis is worsening. S&P cut Spain’s long-term credit rating by two steps to BBB+ from A late yesterday, saying the outlook is negative as the recession undermines efforts to trim the budget deficit. The euro erased losses against the dollar after Italy raised 5.95 billion euros ($7.87 billion) through a debt.

The yen strengthened against all of its major counterparts as investors sought safer assets even after the Bank of Japan expanded its asset-purchase program. Japan’s currency weakened earlier versus the dollar after the central bank expanded its plan for government-bond purchases by 10 trillion yen to help support the economy. The BOJ said it will boost its asset-purchase fund to 40 trillion yen by June 2013, compared with the previous target of 30 trillion yen by year-end. A separate central-bank program providing funds to banks was pared by 5 trillion yen amid lackluster demand for loans.

The dollar weakened before a U.S. report forecast to show growth in the world’s largest economy slowed last quarter. The dollar dropped against 12 of its 16 major counterparts before the Commerce Department releases its gross-domestic- product report for the first quarter.

EUR / USD: the pair grown, showed high above $1,3250.

 

GBP / USD: the pair grown, showed high above $1,6230.

USD / JPY: the pair fell above Y80, 48.

 

EUR/USD
Offers $1.3300/15, $1.3280
Bids $1.3200, $1.3180, $1.3140/30, $1.3110/00

AUD/USD
Offers $1.0525, $1.0490/00, $1.0450
Bids $1.0340, $1.0315/20, $1.0310/00, $1.0280, $1.0260

USD/JPY
Offers Y81.90/00, Y81.10/20, Y80.90/00
Bids Y80.30, Y80.00, Y79.80

EUR/JPY
Offers Y107.95/00, Y107.75/80, Y107.40/45, Y107.20/25, Y107.00
Bids Y106.20/00, Y105.70, Y105.50, Y105.30/25

 Resistance 3: Y81.80/90 (area of Apr 10 and 20 highs)

Resistance 2: Y81.70 (session high)
Resistance 1: Y81.30 (МА(200) for Н1)
Current price: Y80.71
Support 1: Y80.50 (session low)
Support 2: Y80.30/20 (area of Feb 29, Apr 16-17 lows)
Support 3: Y80.00 (Feb 28 low)

Resistance 3: Chf0.9170 (Apr 23 high)
Resistance 2: Chf0.9140 (Apr 24 high)
Resistance 1: Chf0.9125 (МА(200) for Н1)
Current price: Chf0.9079
Support 1: Chf0.9055 (Apr 26  low)
Support 2: Chf0.9000 (area of April and March lows, psychological level)
Support 3: Chf0.8930 (area low of February)

Resistance 3 : $1.6330 (31 Aug high)

Resistance 2 : $1.6250 (2 Sep high)

Resistance 1 : $1.6235 (session high)

Current price: $1.6218

Support 1 : $1.6155 (area of session low and Apr 26 low)

Support 2 : $1.6080 (area of Apr 23 and Apr 25 low, and МА(200) for Н1)

Support 3 : $1.6035 (Apr 20 low)

Resistance 3 : $1.3300 (resistance line from Feb 29)
Resistance 2 : $1.3260 (Apr 26 high)
Resistance 1 : $1.3240 (session high)
Current price: $1.3229
Support 1 : $1.3165 (МА (200) for Н1)
Support 2 : $1.3150 (Apr 24 low)
Support 3 : $1.3100 (Apr 23 low)

European stocks pared their losses as mining companies and carmakers rallied and as investors awaited an American report on first-quarter economic growth.

Spain’s sovereign credit rating was cut for the second time this year by S&P on concern that the country will have to provide further fiscal support to banks as the economy contracts. S&P lowered the long-term grade to BBB+ from A, with a negative outlook. Spain’s short-term rating was reduced to A-2 from A-1.

FTSE 100 5,757.61 +8.89 +0.15%

CAC 40 3,238.54    +9.22 +0.29%         

DAX 6,739.24         -0.66 -0.01%

Banco Santander fell 1.3 percent to 4.69 euros. Banco Bilbao Vizcaya Argentaria SA dropped 1.6 percent to 5.07 euros.

Nobel Biocare Holding AG, the world’s second-biggest dental implant maker, rose 6.5 percent to 11.40 Swiss francs after it said first-quarter profit rose 9.5 percent on growth in North America as Europe continued to falter along with the economy.

• • Sold E1.03bn off-the-run vs target E750mn-E1.25bn

  • E493mln of 3.75% Apr 2016 BTP; avg yield 4.29%, cover 2.63

  • E537mln of 4.25% Feb 2019 BTP; avg yield 5.21% (4.30%), cover 2.27 (2.0)

EUR/USD $1.3250, $1.3200, $1.3195, $1.3140, $1.3120

USD/JPY Y81.00, Y81.25

GBP/USD $1.6150, $1.6050, $1.6000

EUR/GBP  stg0.8200

AUD/USD $1.0360

EUR/JPY Y105.25, Y107.00, Y107.85

USD/CAD C$0.9800

Asian stocks fell, with the regional benchmark index snapping a two-day gain, as a cut in Spain’s credit rating overshadowed better-than-expected earnings by companies including Samsung Electronics Co. and the Bank of Japan’s move to expand economic stimulus.

Nikkei 225 9,520.89 -40.94 -0.43%

Hang Seng 20,722.75 -86.96 -0.42%

S&P/ASX 200 4,362.1 -13.10 -0.30%

Shanghai Composite 2,396.32 -8.38 -0.35%

Nippon Sheet Glass Co., which depends on Europe for about 39 percent of its sales, fell 1.9 percent in Tokyo.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, slid 0.3 percent, erasing gains of as much as 3.1 percent immediately after the BOJ statement was released.

Nintendo Co. sank 5.5 percent as the Japanese maker of Wii game consoles forecast profit that missed analysts’ estimates.

Samsung Electronics, Asia’s largest maker of consumer electronics, climbed 2.5 percent in Seoul.

05:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%

05:00 Japan BoJ Monetary Policy Statement

The yen fell versus all of its most-traded counterparts, paring a monthly advance, after the Bank of Japan added monetary stimulus for a second time in three months. The yen dropped against the dollar and euro after BOJ officials increased the bank’s asset-purchase fund by 10 trillion yen ($123 billion) to 40 trillion yen, according to a statement released in Tokyo today. All 14 economists in a Bloomberg News survey predicted additional easing with most expecting an increase in asset buying ranging from 5 trillion yen to 10 trillion yen.

The euro fell, extending a monthly loss against the dollar and yen, after Standard & Poor’s cut Spain’s sovereign debt rating, adding to concern the region’s financial woes are spreading. S&P downgraded Spain’s long-term credit rating two levels to BBB+ yesterday from A, saying the outlook is negative as the country’s recession undermines efforts to cut the budget deficit.

Australia’s dollar halted two days of gains as traders bet that the Reserve Bank will cut interest rates next week.

EUR/USD: during the Asian session the pair holds in a range $1.3175-$ 1.3210.

GBP/USD: during the Asian session the pair holds in a range $1.6165-$ 1.6190.

USD/JPY: during the Asian session the pair fell, updated a week’s low.

European data for Friday starts at 0600GMT with German import prices for March, which are expected to rise 1.0% m/m, 3.4% y/y, while at 0610GMT, the Gfk measure of German consumer confidence is expected to remain at 5.9. From 0800GMT, Swiss National Bank Board members are due to speak at a SNB General Meeting of Shareholders, in Bern.  UK data is limited to the latest Land Registry House Price Index at 1000GMT. At 1050GMT, ECB Vice President Vitor Constancio gives the keynote address at the conference in Brussels. US data starts at 1230GMT with the first (advance) report of Q1 GDP and also the quarterly Employment Cost Index data. Then, at 1355GMT, the

final reading of the Reuters/University of Michigan Survey is due and is expected to be revised up to a reading of 75.7 for April. Late US data sees the release of C&I Loans data at 2015GMT.

Yesterday the yen gained  as a report showed economic confidence in the euro region fell in April, boosting demand for the safety of the Japanese currency.

The European Commission said in Brussels an index of executive and consumer sentiment in the 17-nation euro area slid to 92.8 from a revised 94.5 in March. The median estimate in survey was for a drop to 94.2 from a previously reported 94.4.

The yen reversed two days of declines even before a Bank of Japan meets, with economists saying policy makers will unveil new easing measures.

The greenback was under pressure on speculation that the Federal Reserve may increase stimulus measures to bolster the U.S. economy after more Americans than forecast filed applications for unemployment benefits last week.

Jobless claims fell by 1,000 to 388,000 in the week ended April 21, from a revised 389,000 a week earlier, which was the highest since early January, Labor Department figures showed. The median forecast of economists  was 375,000.

Fed Chairman Ben S. Bernanke said yesterday that the central bank will do more to fuel growth if necessary.

EUR/USD: yesterday the pair rose in first half of day, however in second half of day fell below $1.3200.

GBP/USD: yesterday the pair holds in a range $1.6160-$1.6205.

USD/JPY: yesterday the pair fell below level Y81.00.

European data for Friday starts at 0600GMT with German import prices for March, which are expected to rise 1.0% m/m, 3.4% y/y, while at 0610GMT, the Gfk measure of German consumer confidence is expected to remain at 5.9. From 0800GMT, Swiss National Bank Board members are due to speak at a SNB General Meeting of Shareholders, in Bern.  UK data is limited to the latest Land Registry House Price Index at 1000GMT. At 1050GMT, ECB Vice President Vitor Constancio gives the keynote address at the conference in Brussels. US data starts at 1230GMT with the first (advance) report of Q1 GDP and also the quarterly Employment Cost Index data. Then, at 1355GMT, the

final reading of the Reuters/University of Michigan Survey is due and is expected to be revised up to a reading of 75.7 for April. Late US data sees the release of C&I Loans data at 2015GMT.

Japanese shares climbed on Thursday after Federal Reserve Chairman Ben S. Bernanke said he’s prepared to do more to stimulate U.S. growth if needed.

Gains were limited after ruling party powerbroker Ichiro Ozawa was found not guilty of violating campaign finance laws, raising concern gridlock may make it difficult to pass new consumption taxes.

Honda Motor Co., a carmaker that gets almost 45% of its sales in North America, added 0.9%.

Fujitsu General Ltd. soared 11% after the air-conditioner company beat earnings estimates. Fanuc Corp.  sank 6.1% after the factory-robotics manufacturer forecast lower operating profit.

The Topix Index rose 0.1% to 810.10, with about three shares advancing for every two that declined. The Nikkei 225 Stock Average was little changed at 9,561.83 after swinging between gains of 0.7% and losses of 0.3%. Volume on the gauge was more than a fifth below the 30-day average before a Bank of Japan meeting tomorrow when additional monetary easing is expected to be announced.

Resistance 3: Y82.55 (Apr 6 high)

Resistance 2: Y81.80 (Apr 20 high)

Resistance 1: Y81.45 (session high)

The current price: Y81.20

Support 1: Y80.85 (Apr 18 low)

Support 2: Y80.50 (session low)

Support 3: Y80.30 (Apr 16 low)

• Resistance 3: Chf0.9170 (Apr 23 high)

  Resistance 2: Chf0.9140 (Apr 24 high)

  Resistance 1: Chf0.9120 (Apr 25 high)

  The current price: Chf0.9100

  Support 1: Chf0.9095 (session low)

  Support 2: Chf0.9075 (low of the American session on Apr 26)

  Support 3: Chf0.9055 (Apr 26 low)

  

Resistance 3 : $1.6335 (Aug 31 high)

Resistance 2 : $1.6253 (Sep 2 high)

Resistance 1 : $1.6205 (Apr 26 high)

The current price: $1.6181

Support 1 : $1.6165 (session low)

Support 2 : $1.6130 (low of the Asian session on Apr 25)

Support 3 : $1.6080 (Apr 25 low)

Resistance 3 : $1.3265 (Apr 26 high)

Resistance 2 : $1.3240 (high of the American session on Apr 26)

Resistance 1 : $1.3210 (session high)

The current price: $1.3202

Support 1 : $1.3175 (session low)

Support 2 : $1.3145 (Apr 24 low)

Support 3 : $1.3105 (Apr 23 low)

Change % Change Last

Gold 1657.50 1.13%

Light Sweet Crude Oil, NYMEX 104.15 1.48%

Change % Change Last

Nikkei  9,561.83 +0.82 +0.01%

Hang Seng 20,809.71 +163.42 +0.79%

Shanghai Composite 2,404.7 -2.12 -0.09%

FTSE  5,748.72 +29.83 +0.52%

CAC  3,229.32 -4.14 -0.13%

DAX 6,739.9 +35.40 +0.53%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3190 -0,24%

GBP/USD $1,6177 +0,06%

USD/CHF Chf0,9106 +0,21%

USD/JPY Y81,00 -0,38%

EUR/JPY Y106,84 -0,63%

GBP/JPY Y131,03 -0,32%

AUD/USD $1,0367 +0,04%

NZD/USD $0,8130 -0,41%

USD/CAD C$0,9861 +0,27%

05:00 Japan BoJ Interest Rate Decision - 0.10% 0.10%

05:00 Japan BoJ Monetary Policy Statement -

06:00 Germany Gfk Consumer Confidence Survey May 5.9 5.9

06:00 United Kingdom Nationwide house price index April -1.0% +0.5%

06:00 United Kingdom Nationwide house price index, y/y April -0.9% -0.3%

07:00 Japan BOJ Press Conference -

07:00 Switzerland KOF Leading Indicator April 0.08 0.26

12:25 Canada BOC Gov Carney Speaks -

12:30 U.S. GDP, y/y (preliminary) Quarter I +3.0% +2.6%

12:30 U.S. PCE price index ex food, energy, q/q Quarter I +1.3% +2.3%

12:30 U.S. Employment Cost Index Quarter I +0.4% +0.5%

13:55 U.S. Reuters/Michigan Consumer Sentiment Index (finally) April 76.2 75.8