Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

18.04.2012 18:36

European stocks close:


European stocks declined as Bank of England policy maker Adam Posen ended his support for more stimulus and bad loans surged in Spain.

Posen ended his push for further Bank of England stimulus, joining the majority of the nine-member Monetary Policy Committee in seeking no change to the 325 billion-pound ($517 billion) asset-purchase target, according to minutes of their April 4-5 meeting published today in London.

Non-performing loans for Spanish banks as a proportion of total lending jumped to 8.16 percent in February, the highest level since 1994, from less than 1 percent in 2007, according to Bank of Spain data. The total credit in the economy that the regulator lists as “doubtful” reached 143.8 billion euros.

National benchmark indexes fell in 15 of the 18 western- European markets. France’s CAC 40 Index declined 1.6 percent and the U.K.’s FTSE 100 Index slid 0.4 percent. Germany’s DAX Index lost 1 percent. Spain’s IBEX 35 Index retreated 4 percent to its lowest since March 2009.

Santander, Spain’s largest bank, dropped 4 percent to 4.81 euros. Banco Popular Espanol SA fell 3.2 percent to 2.39 euros. CaixaBank slid 3.5 percent to 2.60 euros. A gauge of European bank shares was the second-worst performer of the 19 industry groups on the Stoxx 600.

Repsol dropped 6.2 percent to 15.40 euros. Argentina rejected its demand for $10.5 billion in compensation after President Cristina Fernandez de Kirchner seized its YPF SA unit, saying it hasn’t invested enough in the South American country.

Iberdrola dropped 7.9 percent to 3.59 euros, its lowest since November 2003, after Actividades de Construccion & Servicios SA sold a 3.7 percent stake in Spain’s biggest power company to cut debt. ACS tumbled 6.1 percent to 16.45 euros as it said the stake sale will reduce its earnings by 540 million euros.

Statoil Fuel & Retail soared 51 percent to 52.60 kroner. Alimentation Couche-Tard offered to buy the company for 53 kroner per share, valuing it at 15.9 billion kroner ($2.8 billion). The offer represents a 53 percent premium for Scandinavia’s biggest gas-station operator, the Laval, Canada- based company said in a statement today. Statoil ASA (STL), Norway’s biggest oil producer, has agreed to sell its 54 percent stake in the company.

BHP Billiton added 0.9 percent to 1,943 pence, gaining for a third day. The world’s largest mining company said third- quarter iron ore production rose 14 percent as it expands its mines and port in Australia.

Heineken NV advanced 2.5 percent to 43.35 euros after reporting first-quarter revenue of 3.83 billion euros, beating analysts’ estimates of 3.74 billion euros.

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 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

  • © 2011-2017 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