Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

23.07.2014 17:20

European stocks close

European stocks were little changed, as investors considered earnings from companies including Akzo Nobel NV and GlaxoSmithKline Plc, while a measure of consumer confidence unexpectedly declined.

Data this month showed euro-area retail sales increased in May from a year earlier, while car registrations climbed in June. In the U.S., a report showed the number of Americans filing applications for unemployment benefits fell in the week ended July 12.

Still, shares pared gains after a report showed euro-area consumer confidence unexpectedly fell in July. An index of household confidence in the 18-nation euro zone decreased to minus 8.4 from minus 7.5 in June, the European Commission in Brussels said in a preliminary release. That fell short of the median forecast of minus 7.5 in a Bloomberg News survey.

National benchmark indexes rose in 15 of the 18 western-European markets. France's CAC 40 advanced 0.2 percent, Germany's DAX increased 0.2 percent, and the U.K.'s FTSE 100 added less than 0.1 percent.

The European Union is weighing limiting Russia's access to capital markets. Two planes carrying bodies from flight MH17 left eastern Ukraine today for the Netherlands. The U.S. has indicated it believes Russia supplied the missile that downed the Malaysia Airlines jet last week, killing all 298 people on board.

Akzo Nobel rose 3.9 percent to 54.23 euros. Europe's largest paintmaker said second-quarter operating profit rose 10 percent to 353 million euros ($475 million), driven by demand for household coatings in Asia and parts of Europe. Analysts had estimated 340 million euros.

Outotec surged 7.5 percent to 8.21 euros. Weir may consider buying the Finnish company after it failed in a bid for mine-equipment supplier Metso Oyj earlier this year, according to newspapers including the Daily Mail, which said Weir could offer 12 euros a share.

GlaxoSmithKline dropped 4.7 percent to 1,481.5 pence. The U.K.'s biggest drugmaker posted second-quarter earnings that missed analyst estimates as sales of its respiratory drugs in the U.S. remained sluggish. The company also cut its forecast for the year.

Deutsche Bank lost 0.7 percent to 26.48 euros, paring losses of as much as 2.8 percent. The Wall Street Journal said that bank overseers faulted some of the German lender's U.S. businesses last year for "inaccurate and unreliable" financial reports. A Federal Reserve Bank of New York review of the company's U.S. operations also found they suffered from inadequate oversight and auditing, as well as weak technology, the newspaper said, citing documents it reviewed.

STMicroelectronics NV fell 5.8 percent to 6.56 euros. Europe's largest semiconductor maker reported an 8.9 percent decline in second-quarter revenue to $1.86 billion, even as it posted its first profit in 11 quarters.

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