Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


06.02.2014 11:30

European stock rose

European stocks rose for a second day as investors awaited the European Central Bank’s rate decision and companies including Daimler AG and Volvo (VOLVB) AB beat earnings forecasts. U.S. stock-index futures and Asian shares advanced.

The Stoxx Europe 600 Index added 1 percent to 321.15 at 10:43 a.m. in London. The benchmark has fallen 2.2 percent so far this year amid a selloff in emerging-market currencies, signs of slowing economic growth in China and slowing stimulus from the Federal Reserve.

“Markets are stabilizing, partly in anticipation of the ECB,” Philippe Gijsels, chief strategy officer at BNP Paribas Fortis, said by telephone from Brussels. “The market may not be counting on immediate action, but it expects the ECB to at least say that they’re worried about emerging markets and that they’re ready to act.”

The ECB meets to discuss monetary policy today after a rout that has seen about $3 trillion erased from the value of equities worldwide this year. All except four of 66 economists in a survey said the central bank will leave its benchmark rate at a record low of 0.25 percent when it announces its decision at 1:45 p.m. Frankfurt time. President Mario Draghi will hold a press conference 45 minutes later.

The Bank of England will also probably keep its key rate at 0.5 percent when it meets today, survey showed.

Eighteen of the 19 industry groups in the Stoxx 600 advanced today, with auto-related companies leading gains.

Daimler rose 4.1 percent to 63.36 euros. The third-largest maker of luxury vehicles said earnings before interest and taxes from ongoing operations rose to 2.53 billion euros ($3.42 billion) from 1.74 billion euros a year earlier. That beat the 2.37 billion-euro average estimate of analysts. Revenue gained 7.6 percent to 32.1 billion euros on demand for the new Mercedes-Benz CLA coupe and revamped flagship S-Class sedan.

Volvo advanced 4.3 percent to 89.20 kronor. The world’s second-biggest truckmaker reported fourth-quarter operating profit of 3.08 billion kronor ($471 million), exceeding analysts’ projections for 2.04 billion kronor. Volvo also said it will fire 4,400 employees, extending a previously announced reduction of 2,000 jobs. The majority of the cuts will take place in 2014.

Alcatel-Lucent jumped 9.6 percent to 3.32 euros. The Paris-based company posted net income of 134 million euros, compared with a 1.56 billion-euro loss a year earlier. It also got a binding offer from China Huaxin for its business that sells telecommunications equipment and services. Alcatel will keep a 15 percent stake in the unit.

FTSE 100 6,507.21 +49.32 +0.76%

CAC 40 4,161.33 +43.54 +1.06%

DAX 9,217.95 +101.63 +1.11%

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%)
December 2016
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Quotes

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:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page