Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

23.03.2012 08:20

Stocks: Thursday’s review


Asian stocks rose after Japan posted an unexpected trade surplus and as a survey that showed China’s manufacturing may contract this month stoked speculation the government may introduce more measures to bolster growth.

Nikkei 225 10,127.08 +40.59 +0.40%

Hang Seng 20,901.56 +44.93 +0.22%

S&P/ASX 200 4,273.68 +19.43 +0.46%

Shanghai Composite 2,375.77 -2.42 -0.10%

First Tractor Co., a Chinese maker of farm equipment, jumped 6 percent in Hong Kong after the mainland’s central bank cut reserve requirements to more branches of Agricultural Bank of China Ltd.

Samsung Electronics Co., Asia’s No.1 consumer- electronics maker that counts China as its biggest market, gained 1.3 percent in Seoul. Honda Motor Co., Japan’s second- largest carmaker, added 1.7 percent in Tokyo.

European stocks fell for a fourth day, the longest losing streak since November, as manufacturing contracted in China and the euro area.

A preliminary measure of Chinese manufacturing fell to 48.1 this month, according to HSBC Holdings Plc and Markit Economics. That’s the lowest reading on the purchase managers’ index since November and compares with a final 49.6 in February. A result below 50 indicates a contraction.

European services and manufacturing output contracted more than forecast in March. A euro-area composite index based on a survey of purchasing managers in both industries dropped to 48.7 from 49.3 in February, according to Markit.

National benchmark indexes fell in all of the 18 western European markets. The U.K.’s FTSE 100 slipped 0.8 percent, France’s CAC 40 retreated 1.6 percent and Germany’s DAX declined 1.3 percent.

Randgold plunged 13 percent to 5,765 pence, the largest decline since October 2008. A Malian army officer said the country’s constitution has been suspended and all state institutions dissolved because of the government’s “incompetence.”

Baloise slid 6.6 percent to 71.05 Swiss francs after saying profit dropped 86 percent last year on investment losses and a writedown on Greek sovereign debt.

Hermes International SCA rose 2.3 percent to 249.80 euros after the French maker of Kelly bags and silk scarves posted earnings that exceeded analyst projections and offered a bonus dividend to shareholders.

Lanxess AG, the German chemical maker spun off from Bayer AG in 2005, jumped 8.5 percent to 61.05 euros, the largest gain since November 2009, after reporting fourth-quarter profit that beat analysts’ estimates on higher demand from Brazil and China.

U.S. stocks retreated, trimming the longest monthly rally since September 2009 for the Standard & Poor’s 500 Index, as manufacturing contracted in China and Europe and FedEx Corp. tumbled amid a disappointing forecast.

Equities joined a global slump today as a Chinese manufacturing index indicated a worse contraction this month. Euro-area services and manufacturing output contracted more than economists forecast. Stocks fell even after data showed that jobless claims dropped to the lowest level in four years, reinforcing signs the U.S. labor market is picking up.

Dow   13,046.14     -78.48 -0.60%, Nasdaq       3,063.32       -12.00 -0.39%, S&P 500    1,392.78       -10.11 -0.72%

FedEx tumbled 3.5 percent to $92.50. It forecast a profit range for its current fiscal quarter whose low end trailed analysts’ estimates amid slowing express-shipment demand.

The company is responding to a drop in express shipments and “below-trend” growth by parking an unspecified number of planes in the desert, reducing flight hours and reviewing domestic capacity. The range of goods delivered by FedEx and United Parcel Service Inc. makes them economic barometers.

Energy and raw material shares retreated as the S&P GSCI gauge of commodities declined 1.1 percent amid concern about slower demand. Alcoa (АА) иretreated 2.5 percent, the most in the Dow, to $10.01. Chevron (CVX) slumped 2.4 percent to $105.35. Among industrial companies, Caterpillar Inc. (CAT) dropped 2.4 percent to $106.43.

Discover Financial Services added 2.7 percent to $32.49. The payments network company said fiscal first-quarter profit rose 36 percent to a record as consumers spent more on credit cards.

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