Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

16.12.2011 08:01

Stocks: Thursday’s review

Asian stocks fell amid signs of slowing economic growth in China and Japan, and as rising financing costs stoked concern Europe is losing its fight to contain the debt crisis.

Chinese manufacturing may contract for a second month, according to a survey by HSBC and Markit Economics.

A gauge of machinery makers on the Topix Index sank 2.7 percent after the Bank of Japan’s Tankan survey showed sentiment among the nation’s largest manufacturers deteriorated more than economists expected.

Nissan Motor Co. declined 2.8%. Nintendo Co lost 2%.

BHP Billiton Ltd., the world’s biggest mining company, fell 1.8%.

European stocks advanced amid speculation that this year’s slump in equities isn’t commensurate with the outlook for corporate earnings and as economic data from the U.S. and the euro area topped estimates.

Spanish government bonds advanced after the nation sold 6 billion euros ($7.8 billion) of debt at an auction today, more than the maximum target of 3.5 billion euros.

A report showed Germany’s manufacturing industry contracted less than estimated. An index based on a survey of purchasing managers in the manufacturing industry rose to 48.1 this month from 47.9 in November, London-based Markit Economics said today. Economists had expected a drop to 47.5. Readings below 50 indicate a contraction. Germany’s services output unexpectedly rose, the report showed.

In France, the Purchasing & Services Managers’ Index rose to 48.7 in December from 47.3 in November. This topped the average economist estimate for a reading of 47.

Company news:

Insurance companies led the gains. Old Mutual Plc rallied 11% after saying it will sell its Nordic business for $3.3 billion.

Commerzbank AG rose 6.7%. Raiffeisen Bank International AG rallied 5.3%.

U.S. stocks rose as data on jobless claims and manufacturing signaling a strengthening economy overshadowed concern over Europe’s debt crisis.

Eight out of nine  groups in the S&P increased, with utilities, health-care and consumer staples advancing at least 0.9%.

Stocks extended gains this morning after Labor Department figures showed initial jobless claims fell by 19,000 to 366,000 last week, the fewest since May 2008. The median of economists had projected 390,000.

Two reports showed manufacturing in the New York and Philadelphia regions expanded more than forecast in December. The Federal Reserve Bank of New York’s general economic index accelerated to the highest level in seven months, to 9.5 from 0.6 in November. Readings higher than zero signal expansion among companies in region, which covers New York, northern New Jersey and southern Connecticut.

The Federal Reserve Bank of Philadelphia’s general economic index increased to 10.3 in December from 3.6 last month, indicating expansion in the area covering eastern Pennsylvania, southern New Jersey and Delaware.

Equities pared early gains after IMF Managing Director Christine Lagarde said at an event in Washington today that Europe’s “crisis is not only unfolding, but escalating” and cannot be resolved by one group of countries.

16.12.2011 07:46

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