Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities

13.06.2011 07:52

Stocks: Weekly review

Japan’s Nikkei 225 Average was helped by bargain-hunting demand for exporters after it touched an 11-week low on Monday, when markets across much of the rest of the region were closed.
After reaching the 9,359.78, it rebounded to end Friday’s session at 9,514.44, a gain of 0.2 per cent over the five sessions.
Nissan Motor gained 1.9 per cent on Friday to Y793, while Olympus rose 2.8 per cent to Y2,614. But Kansai Electric fell 1.4 per cent to Y1,180 on reports that its planned bond issue would be delayed because of market volatility.
The Shanghai Composite index edged up 0.1 per cent on Friday to 2,705.14, taking its loss over the holiday-shortened week to 0.8 per cent.
Hong Kong’s Hang Seng index was 0.8 per cent weaker on Friday, taking its retreat since the start of the trading week on Tuesday to 2.3 per cent.
Notching up another weekly loss, its sixth in a row, the FTSE Eurofirst 300 fell 2 per cent to 1,089.55 over the five sessions.
Banks took a beating, particularly those with significant exposure to the possibility of Greek restructuring.
National Bank of Greece lost 9.5 per cent over the week to €4.75. French banks, which have a larger exposure to Greece than any other country, were all lower over the week. Crédit Agricole lost 4.8 per cent to €10.07, while Société Générale shed 4.7 per cent to €39.05.
UBI shares fell 10.4 per cent to €4.29.
Mediobanca, meanwhile, was sold on concerns that as underwriter to several rights issues, it may be left with any overhanging stock. It fell 7 per cent during the week to €7.02.
Germany’s Commerzbank, which has just raised €5.3bn in a capital hike to help repay state aid, fell 5 per cent to €3.07.
Steelmaker ThyssenKrupp was the leading stock on the Eurofirst 300 by a wide margin, up 7.7 per cent over the week to €35.29. Carmakers BMW and Volkswagen climbed 3.4 per cent to €62.34 and 1.8 per cent to €117.95 respectively, while their Eurofirst peers registered losses.

Wall Street tumbled into its sixth consecutive week of losses, helped lower by financial stocks as investors continued to turn from risk assets on worries about the strength of the US economy.
The S&P 500 index was down 2.2 per cent over the five-day period, the sixth consecutive week of losses on the index. The last time there were six straight weeks of losses was in June and July 2008. The last time there were more than six in a row was in February and March 2001.
In corporate news, Goodyear Tire & Rubber, the largest tyre company in the world, agreed to sell its global wire business to Hyosung Corporation for $50m.
The news sent shares in the company down 6.7 per cent to $14.99, making it the worst-performing stock on the S&P 500 index.
This helped dip the Dow Jones Industrial Average below 12,000 for the first time in three months.
The index lost 1.4 per cent to 11,952.06, down 1.6 per cent over the week. The Nasdaq Composite fell 1.5 per cent to 2,643.73, retreating further into negative territory for the year. The index was down 3.3 per cent over the week and is 0.3 per cent lower for the year.
The S&P financial index was down 2.2 per cent over the week.
Bank of America fell 4.3 per cent over the week to $10.80 while Citigroup was down 4.8 per cent to $37.92.
Energy also had a roller-coaster ride over the week, rallying on Wednesday due to firmer oil prices as Opec failed to reach an agreement to raise output.
But overall, the sense that the global economy was slowing left the S&P energy index down 2 per cent despite higher energy prices.
Peabody Energy, the US coal group, was down 5.8 per cent to $55.33 while Hess fell 5.3 per cent to $72.85.
The energy sector has been the second-worst performing sector after financials over the last six weeks, falling 9.2 per cent.

13.06.2011 08:06

Asian stock close:

13.06.2011 07:16

Forex: Weekly review

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