Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

08.01.2014 18:21

European stocks close

European stocks were little changed, near their highest level since May 2008, after a report showed U.S. companies hired more workers than forecast.

The Stoxx Europe 600 Index added 0.1 percent to 329.75 at the close of trading in London after the equity benchmark yesterday climbed to its highest level in five years and seven months. The volume of shares changing hands in companies listed on the Stoxx 600 was 53 percent greater than the average of the past 30 days, according to data compiled by Bloomberg.

A report from the ADP Research Institute showed that U.S. companies added 238,000 workers in December, beating the median projection of 200,000 in a Bloomberg News survey of economists. They hired a net 229,000 in November. The Labor Department publishes the unemployment rate and hiring figures for last month on Friday.

The International Monetary Fund plans to increase its forecast for world growth, Managing Director Christine Lagarde told reporters in Nairobi yesterday. The organization intends to announce its new forecast in about three weeks, she said. The IMF currently estimates the global economy will expand by 3.6 percent this year.

The European Union’s statistics agency reported that unemployment in the euro area remained at 12.1 percent in November. That matched the median economist forecast. A Bundesbank release showed that German factory orders climbed 2.1 percent in November, exceeding the median estimate of 1.5 percent in a Bloomberg survey.

National equity benchmarks rose in 11 of the 18 western-European markets. The U.K.’s FTSE 100 declined 0.5 percent. Germany’s DAX fell 0.1 percent while France’s CAC 40 slipped less than 0.1 percent

The Stoxx 600 Banks Index added 1.3 percent to its highest level since April 2011 as yields fell for benchmark debt in Greece and Spain. Banco Popular Espanol SA climbed 8.9 percent to 5.40 euros. BNP Paribas SA, France’s biggest lender, rose 1.4 percent to 58.19 euros, its highest price since February 2011.

Celesio surged 9.3 percent to 24.50 euros, its biggest rally in three months. McKesson has held talks with Elliott Management Corp., which holds more than 25 percent of the voting rights in Celesio, about increasing its offer, three people familiar with the matter said. Dow Jones reported that the U.S. company may increase its bid to 25 euros a share. It offered 23 euros a share in October.

SAP AG gained 1.7 percent to 62.55 euros after UBS raised its rating on the German maker of enterprise-resource-planning software to buy from neutral. Analyst Michael Briest increased his 12-month price target by 13 percent to 70 euros, citing the valuation. The shares trade at 16.9 times projected earnings, less than the 19.7 multiple for an index of European technology companies, data compiled by Bloomberg showed.

Sainsbury dropped 2.4 percent to 360 pence after earlier climbing as much as 3.9 percent. Chief Financial Officer John Rogers said on a conference call with analysts and investors that same-store sales for the company’s financial year will rise less than 1 percent. That compared with his prediction for growth of 1 percent to 1.5 percent on Nov. 13.

Kion, which first sold shares to the public in June 2013, slipped 2 percent to 30.14 euros after Superlift Holding Sarl sold 10.7 million shares in the company for about 315 million euros ($428 million).

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