Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

10.07.2013 10:30

European stock indices fell

European stocks fell, dropping at the same time with the highest level in almost a month, as a report showed that Chinese exports and imports fell unexpectedly.

According to published data, the volume of exports in June fell by 3.1% compared with the same period last year, after the lackluster growth in May, up 1% compared to May 2012. Result for June was significantly worse than expected export increase by an amount slightly greater than 3%.

Weak export completes a series of disappointing indicators of the Chinese economy. However, in a report released Wednesday morning, a statement by Prime Minister Li Keqiang pointed out that the current level of growth is within the acceptable range.

"As long as the rate of economic growth, employment and other indicators do not fall below our minimum limit, and inflation does not exceed the upper limit, we will focus on restructuring and promoting reform," - said Lee.

China's export sector is suffering under the weight of rising wages and a strong yuan, to the detriment of competitiveness, as well as sluggish demand from major trading partners - the U.S. and Europe.

Imports fell in June by 0.7% compared to the same period last year, against a decline of 0.3% in May, indicating that weak domestic demand in the Chinese economy. Value of the index for June is also not in line with expectations of economists, who had forecast an increase in imports by 5.5%.

The positive balance of foreign trade of China in June rose to 27.13 billion dollars against 20.43 billion dollars in May.

U.S. index futures little changed, while Asian shares rose.

The cost of K + S AG fell 4% after UBS AG recommended investors sell shares of potash.

Shares of Burberry Group Plc (BRBY) rose 4.6%, as the retail sales of the spring-summer collection of ornaments contributed to an increase in sales in the fiscal first quarter, more than expected.

The cost of Tryg A / S (TRYG) rose by 1.4% after posting better-than-expected report on profit before tax, which was associated with a reduction in expenditures.

Stoxx Europe 600 Index fell 0.3% to 293.66. Note that yesterday, the index rose to its highest level since June 10, after the financial report from the American Alcoa exceeded expectations.

We also recall that today in the U.S. Federal Reserve will present its minutes of the last meeting. Earlier this month, Federal Reserve Chairman Ben Bernanke said the central bank may reduce the rate of asset purchases later this year, and can completely stop them in about mid-2014, if the U.S. economy shows signs of significant improvement.

At the moment:

FTSE 100 6,493.45 -19.63 -0.30%

CAC 40 3,829.25 -14.31 -0.37%

DAX 8,037.91 -19.84 -0.25%

10.07.2013 12:01


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