Tin tức thì trường

European stocks retreated as slowing economic growth in Japan offset increased demand at an Italian debt auction.

Petrofac (PFC) Ltd. fell 5.2 percent as the oil and gas engineer said profit growth will slow. Unicredit SpA and Intesa (ISP) Sanpaolo SpA advanced after Italy sold 8 billion euros ($9.9 billion) of debt.

The Stoxx 600 fell 0.4 percent to 268.72 at the close of trade.

National benchmark indexes fell in 14 of the 18 western European markets today.

FTSE 100 5,831.88 -15.23 -0.26% CAC 40 3,426.41 -9.21 -0.27% DAX 6,909.68 -34.88 -0.50%  

Japanese data today showed a reconstruction-fueled rebound in the country’s economy waned in the second quarter as consumer spending growth almost stalled and export gains diminished.

Gross domestic product advanced an annualized 1.4 percent in the three months through June, less than the median economist estimate of 2.3 percent.

Julius Baer (BAER) dropped 7.4 percent to 32.80 Swiss francs after the money manager agreed to pay about 860 million francs ($880 million) for Bank of America’s Merrill Lynch non-U.S. wealth management business. The company plans to raise 750 million francs through a rights offering to help fund the deal.

Petrofac dropped 5.2 percent to 1,486 pence for a fourth- day of declines after the U.K. oil and gas engineer said profit growth in the second half will slow as projects are delayed. The company reported first-half net profit of $325 million, beating the average analyst estimate of $314 million.

Nokia Oyj (NOK1V) declined 6 percent to 2.18 euros.

Solarworld AG (SWV) sank 12 percent to 1.16 euros after Germany’s biggest panel-maker said it sees lower full-year revenue in 2012 from a year earlier. The company reported a second-quarter net loss of 161 million euros and sales of 169.6 million euros for the period.

Unicredit (UCG), Italy’s largest bank, rose 1 percent to 2.94 euros. Intesa, the country’s second-biggest, gained 0.8 percent to 1.10 euros.

Japanese second quarter real GDP grew at only 1.4% annual rate. Japan gets less attention these days but is still the world's third-largest economy. There are no US economic releases and important earnings report.

Global Stocks:

Nikkei  8,885.15 -6.29 -0.07%
Hang Seng 20,081.36 -54.76 -0.27%
Shanghai Composite 2,136.08 -32.74 -1.51%
FTSE  5,831.62 -15.49 -0.26%
CAC  3,442.79 +7.17 +0.21%
DAX 6,950.7 +6.14 +0.09%
Crude oil $93.85 +1,06%
Gold $1622.90 +0.01%

Coca-Cola (KO) was downgraded to a Neutral from Buy at Goldman Sachs. The stock was also removed from the firm’s Conviction Buy List.

Asian stocks swung between gains and losses as slowing economic growth in Japan added to signs of a deepening global slump, and amid optimism the U.S. Federal Reserve will add new stimulus.

Nikkei 225 8,885.15 -6.29 -0.07%

S&P/ASX 200 4,283.3 +6.00 +0.14%

Shanghai Composite 2,141.32 -27.49 -1.27%

Nexon Co. sank 8.1 percent in Tokyo, sliding for a second day after the developer of online games cut its profit forecast.

BlueScope Steel Ltd. surged 35 percent in Sydney after agreeing to sell some of its operations to Nippon Steel Corp.

Honda Motor Co., a Japanese carmaker that depends on North America for almost half its revenue, climbed 0.7 percent after a report the Fed Bank of San Francisco’s president is in favor of taking measures to boost the economy.

Genting Singapore Plc slid 2.3 percent after the casino-resort operator’s sales missed estimates.

Asian stocks dropped, with the regional benchmark index trimming the biggest weekly advance since January, after companies including Li & Fung  Ltd. posted lower profit and as China reported export growth slowed more than economists’ expectations. Outbound shipments increased 1 percent from a year earlier and imports rose 4.7 percent, the customs bureau said in a statement today in Beijing. The trade surplus was $25.1 billion compared with $31.5 billion a year earlier. Export growth was below all 32 estimates in a Bloomberg survey.

Nikkei 225 8,891.44 -87.16 -0.97%

S&P/ASX 200 4,277.3 -30.97 -0.72%

Shanghai Composite 2,168.9 -5.21 -0.24%

Agricultural Bank of China Ltd. fell 2.5 percent, leading Chinese creditors lower, after new loans last month came in less than analysts expected.

Li & Fung plunged by a record in Hong Kong as reduced spending by U.S. and European shoppers drove down core operating profit at the supplier to Wal-Mart Stores Inc.

Trend Micro Inc. slumped 9.1 percent in Tokyo after earnings fell at the maker of anti-virus software.