Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

13.03.2013 08:42

Stocks: Tuesday’s review

Asian stocks fell from a 19-month high as Chinese shares extended their decline. Japan Petroleum Exploration Co. surged after Japan confirmed it has extracted frozen natural gas from under the seabed.

Nikkei 225 12,314.81 -34.24 -0.28%

Hang Seng 22,890.6 -200.22 -0.87%

S&P/ASX 200 5,117.87 -29.04 -0.56%

Shanghai Composite 2,286.6 -23.99 -1.04%

China Cosco Holdings Co., the nation’s biggest shipping company, dropped 5.3 percent after Citigroup Inc. said the sale of its logistics unit means the loss of a stable, growing business.

Whitehaven Coal Ltd., Australia’s second-biggest independent coal producer, sank 5.5 percent on government plans for stricter coal mining approvals.

Japan Petroleum, the country’s second-largest oil and gas explorer, surged 5.7 percent after Japan confirmed gas output from methane hydrate, known as “burnable ice.”

European stocks were little changed, with the Stoxx Europe 600 Index trading near its highest level in 4 1/2 years, as a report showed that U.K. manufacturing output unexpectedly contracted.

The Stoxx 600 added less than 0.1 percent to 295.37 at 4:30 p.m. in London after climbing as much as 0.3 percent and dropping as much as 0.2 percent.

National benchmark indexes advanced in 10 of the 18 western-European markets.

FTSE 100 6,510.62 +6.99 +0.11% CAC 40 3,839.97 +3.70 +0.10% DAX 7,966.12 -18.17 -0.23%

U.K. manufacturing output slipped 1.5 percent in January after increasing a revised 1.5 percent in December, according to a statement from the Office for National Statistics. Economists had predicted the measure would be unchanged. Total industrial production in the European Union’s third-largest economy declined 1.2 percent in January after gaining 1.1 percent in the previous month, separate figures showed. Economists had called for a 0.1 percent increase.

Antofagasta gained 2.9 percent to 1,127 pence after the copper producer controlled by Chile’s Luksic family proposed a dividend of 98.5 cents a share, compared with 44 cents a year earlier. The average analyst estimate had called for a dividend of 58 cents.

SBM Offshore NV surged 21 percent to 12.96 euros, its biggest rally since at least October 1989, after agreeing to pay $470 million to settle a dispute with Talisman Energy Inc. The world’s biggest supplier of floating oil rigs said it will take a provision of $270 million in addition to the $200 million that it set aside in December for its Yme platform in the North Sea.

St. James’s Place lost 3.1 percent to 520 pence. Lloyds sold 102 million shares in the company, leaving the bank with a 37 percent stake. Britain’s biggest mortgage lender said it will make a gain of 400 million pounds ($595 million) from the sale and the revaluation of its remaining holding.

Pirelli retreated 4.2 percent to 8.55 euros after Europe’s third-largest tiremaker forecast earnings before interest and taxes of 810 million euros ($1.1 billion) to 850 million euros in 2013. That compared with the average analyst estimate of 875 million euros.

Beginning of the session in the red, indexes retreated from session lows, but still finished trading below zero

Most U.S. stocks fell, snapping a seven-day rally in the Standard & Poor’s 500 Index that drove the benchmark gauge to within nine points of its record high.

“After setting new all-time highs for several consecutive days, the market may be a little tired, and rightly so,” Ryan Larson, the Chicago-based head of U.S. equity trading at RBC Global Asset Management (U.S.) Inc., said in an interview. His firm oversees $250 billion. “With little in the way of catalysts, it would not be surprising to see the streak end. That being said, as long as central bank accommodation remains, any pullback should be short-term in nature.”

More than $10 trillion has been restored to U.S. equity values during the four-year bull market as the S&P 500 more than doubled from the bottom in 2009, fueled by corporate earnings that topped estimates and monetary stimulus from the Federal Reserve. The Dow recouped all its losses from the financial crisis in less than 65 months, more than a year faster than the recovery from the Internet bubble.

U.S. equity funds attracted $4.9 billion in the first week of March, the most in more than a month, according to data from EPFR Global.

The S&P 500 is valued at 15.3 times earnings, a 22-month high. That’s still 7.3 percent below an average of 16.6 over the last decade. The Dow is trading at a price-to-earnings ratio of 14.1, the highest level in almost two years and 11 percent below its 10-year average of 15.8. About 85 percent of stocks in the S&P 500 yesterday closed above their average price from the past 50 days

Most components of DOW index closed in minus (17 of 30). Shares of Merck & Co. Inc. (MRK, +3.11%) advanced more than other components. Shares of Caterpillar Inc. (CAT,  -1.71%) fell more than other components

Most sectors of the S&P closed in minus. Most fell showed financial sector (-0.7%). Most growts showed healthcare sector (+0.3%).

At the close:

Dow +2.77 14,450.06 +0.02%

Nasdaq -10.55 3,242.32 -0.32%

S&P -3.75 1,552.47 -0.24%

13.03.2013 09:02

Forex: Tuesday’s 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