Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

17.05.2011 07:08

Stocks: Monday's review

Japanese stocks fell for a third day as Goldman Sachs Group Inc. lowered its rating on the country’s equities and on concern Greece may have to restructure its debt, hampering the global economic recovery.
The Topix has tumbled 11 percent since March 10, the day before a magnitude-9 earthquake and tsunami devastated Japan’s northeast coast, disabled a nuclear power plant and disrupted supply chains at companies.
Of the 1,500 companies in the Topix index that have reported earnings results since April 1, 232 have exceeded analysts’ estimates, while 266 have missed them, according to data compiled by Bloomberg.
Toyota Motor Corp. (7203), the world’s No. 1 carmaker, slid 1.8 percent.
Mitsubishi UFJ Financial Group Inc. (8306) lost 1.6 percent, leading the nation’s lenders down after Standard & Poor’s Ratings Services cut credit ratings for Tokyo Electric Power Co., the owner of a damaged power plant.
Ricoh Co., an office equipment maker that gets almost a quarter of its sales from Europe, declined 1.1 percent after the euro weakened.
Credit Saison Co., a consumer lender, sank 6 percent after saying profit fell short of its outlook due to a quake-related charge.
Promise Co., Japan’s No. 2 consumer lender by market value, plunged 11 percent to 639 yen after swinging to a net loss of 96 billion yen from a year-earlier profit, with falling revenue and more reserves needed to repay overcharged interest.
Most European stocks fell, dragging the Stoxx Europe 600 Index lower for a third day, as officials met in Brussels to discuss increasing Greece’s bailout.
Greece’s ASE Index sank to a 14-year low as National Bank of Greece SA (ETE) declined.
Unione di Banca Italiane SCPA, Italy’s fourth-biggest bank, retreated 1.8 percent as net income missed estimates.
Securitas AB (SECUB) slid 4.1 percent as the world’s largest guarding company offered to buy Niscayah Group AB. (NISCB)
BHP Billiton Ltd. (BHP) led mining companies higher as copper gained in London.
Greece began negotiating for a boost in its 110 billion- euro bailout from European governments and the International Monetary Fund today in talks clouded by the arrest of IMF Managing Director Dominique Strauss-Kahn.
Strauss-Kahn has been charged with attempted rape and a criminal sex act on a 32-year-old female maid in a New York hotel, police said. He denies the charges.
Also on the meeting agenda, which started at 3 p.m. in Brussels, is the approval of 78 billion euros in aid for Portugal and the nomination of Bank of Italy Governor Mario Draghi to be the next president of the European Central Bank.
European Union finance ministers are set to approve the bailout for Portugal, the nation’s finance minister Fernando Teixeira dos Santos told reporters before the talks began.
U.S. stocks ended a choppy session lower Monday as investors remain focused on oil prices and the debt crisis in Europe.
Stocks opened lower following a dour manufacturing report and weaker-than-expected earnings from home improvement retailer Lowe's (LOW, Fortune 500). After posting gains in the morning, stocks fell anew in the afternoon.
Economy: The Empire Manufacturing survey came out before the start of trading. The regional reading for general business conditions for manufacturing slipped to 11.9, much lower than the reading of 18 than the consensus estimate of economists from The index was 21.7 in April.
The National Association of Homebuilders said its May index of builder confidence was unchanged from the previous month at 16, as expected.
Companies: A number of major retailers report earnings results this week.
Shares of home improvement chain Lowe's (LOW, Fortune 500) fell 3%, after the company reported earnings that fell short of forecasts and reigned in its forecast.
Department store J.C. Penney (JCP, Fortune 500) reported a profit of 28 cents per share, topping expectations by 4 cents. Shares slipped 2%.
Also, the NASDAQ OMX Group, Inc. (NDAQ) and IntercontinentalExchange (ICE) said they are withdrawing their bid to acquire NYSE Euronext (NYX, Fortune 500), following discussions with the antitrust division of the U.S. Department of Justice

17.05.2011 07:58

Forex: Monday's review

17.05.2011 06:59

Tech on USD/JPY

Market Focus

  • U.S.: Industrial Production (MoM), September 0.1% (forecast 0.2%)
  • Britain can't get full single market access with free movement concessions - Merkel
  • Earnings Season in U.S.. Major Reports of the Week
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
October 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002


All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2016 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Request a callback
Top Page