Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

02.07.2013 17:20

European stock close

European stocks fell, following yesterday's rally for the Stoxx Europe 600 Index, as a report showed that U.K. construction expanded less than forecast.

The Stoxx 600 slipped 0.5 percent to 286.96 at 4:30 p.m. in London. The equity benchmark advanced yesterday as euro-area factory output contracted in June less than estimated and Japanese manufacturers turned optimistic for the first time since the third quarter of 2011. The Stoxx 600 advanced 1.7 percent last week as China sought to ease a cash crunch. The gauge still lost 5.3 percent in June after Federal Reserve Chairman Ben S. Bernanke said the central bank could reduce stimulus measures if the U.S. economy improves in line with its forecasts.

In the U.K., a report showed that construction rose less than forecast in June. An index of activity in the industry climbed to 51, from 50.8 in May. That missed the median economist estimate for a reading of 51.2.

In the U.S., a Commerce Department release showed that orders placed with U.S. factories rose 2.1 percent in May, following a revised 1.3 percent advance in April. The median forecast of economists had called for a 2 percent gain.

National benchmark indexes retreated in 13 of the 18 western-European markets today.

FTSE 100 6,303.94 -3.84 -0.06% CAC 40 3,742.57 -24.91 -0.66% DAX 7,910.77 -73.15 -0.92%

Fresenius Medical Care slumped 8.8 percent to 49.63 euros as the U.S. government's Health and Human Services Department proposed cutting payments to kidney-dialysis centers from next year. Payments to the German company, which runs clinics offering the procedure in the U.S., may drop 9.4 percent in 2014 under the plans to reduce spending on Medicare.

Telefonica Deutschland declined 1.5 percent to 5.45 euros after Commerzbank cut the German business of Telefonica SA to hold from buy. The brokerage said that new uncertainties, including a probable spectrum auction in Europe's largest economy in the next two years, limit the shares' upside.

RWE AG and EON SE led a gauge of European utilities lower, declining 4 percent to 22.32 euros and 2.1 percent to 12.17 euros, respectively. Morgan Stanley removed RWE from the list of its best ideas. The brokerage reduced its earnings-per-share estimates for 2014-15 by as much as 13 percent, saying that Germany's second-largest power producer faces a difficult market in the near term.

Erste Group Bank AG lost 2 percent to 20.01 euros as Austria's biggest lender sold 661 million euros ($861 million) of new shares to help repay state aid in a deal that reduces the stakes of its key shareholders.

Michelin & Cie. (ML) increased 2 percent to 70.55 euros after UBS raised Europe's largest tiremaker to buy from neutral, citing improved cost positions that enable more competitive pricing and higher profits.

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