Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

29.04.2011 08:04

Stocks: Thursday's review

Japan’s Nikkei 225 Stock Average rose to the highest level since the March 11 earthquake after companies including Nippon Electric Glass Co. reported better earnings and the U.S. Federal Reserve renewed its pledge to stimulate growth in the world’s biggest economy.
Nippon Electric Glass, which makes glass for liquid-crystal displays, surged 8.6 percent. Panasonic Corp. rallied 2.4 percent after a report the electronics manufacturer plans to cut more than 10 percent of its workforce. Olympus Corp., a camera maker that gets about 20 percent of its sales in Europe, jumped 3.1 percent after the yen weakened.
Advantest Corp., the world’s biggest maker of tools used to test memory chips, jumped 5.6 percent to 1,597 yen. The company yesterday said it returned to profit in the year through March, posting net income of 3.16 billion yen. Sales jumped 87 percent.

European stocks rose for a sixth day, extending an eight-week high, as Deutsche Bank AG’s earnings beat estimates and the Federal Reserve pledged to keep rates low for an “extended period.”
Deutsche Bank surged the most in almost a year as Germany’s biggest bank reported a 17 percent increase in first-quarter profit. Suez Environnement climbed 4 percent after also posting higher earnings. SAP AG sank the most in 1 1/2 years after reporting a smaller-than-expected increase in profit.
In Germany, a report showed unemployment fell below 3 million for the first time in almost 19 years in April in adjusted terms, increasing the likelihood that household spending will boost economic growth.
In the U.K., consumer confidence slumped to its weakest level since the depth of the recession in February 2009 as the government’s budget cuts began in earnest, a report by GfK NOP Ltd. showed.

It took stocks a while to muster any kind of upward momentum, but the major equity averages managed to make modest gains, which ultimately extended their recent highs.
Even though there was a rush of headlines this morning, stocks struggled to establish a clear direction. Participants first got their hands on another big batch of quarterly reports, but those announcements became of secondary concern with the release of the advance reading on first quarter GDP. Although the economy grew from January through March at an annualized rate of 1.8%, which is greater than the 1.7% increase that had been broadly expected to follow the 3.1% spike in the fourth quarter, participants were disappointed with the latest initial jobless claims tally.
Initial claims for the week ended April 23 totaled 429,000, which is greater than the 390,000 initial claims that had been expected, on average, among economists surveyed by Given that initial claims have climbed back above 400,000 and exceeded expectations in each of the past several weeks, some consternation has been developing among market participants.
The latest round of earnings reports didn't induce much trading in the overall market, but there were a few movers in the pack. Akamai Tech (AKAM 34.94, -6.04) dove sharply as participants ignored an upside earnings surprise and plans to repurchase shares to focus on the company's cautious commentary and outlook. Norfolk Southern (NSC 73.87, +5.46) moved in the other direction; its spike to a record high followed stronger-than-expected earnings.
Dow component Exxon Mobil (XOM 87.34, -0.44) moved modestly lower, despite an upside earnings surprise. Fellow blue chip Procter & Gamble (PG 64.50, +0.48) actually came short of the consensus earnings estimate, but still booked a gain. PepsiCo (PEP 69.72, +1.79), eBay (EBAY 34.00, -0.03), Colgate-Palmolive (CL 82.97, +1.91), AstraZeneca (AZN 49.90, -1.72), BristolMyersSquibb (BMY 28.29, +0.01), and Aetna (AET 41.45, +1.64) all posted better-than-expected bottom line results.
Treasuries managed to put together modest gains of their own, even though the results from an auction of 7-year Notes proved unimpressive. The auction drew a bid-to-cover of 2.63, dollar demand of $76.3 billion, and an indirect bidder participation rate of 38.7%. For comparison, the prior auction drew a bid-to-cover of 2.79, dollar demand of $80.9 billion, and an indirect bidder participation rate of 49.4%.
Precious metals continue to put on a show that has repeatedly featured new highs. Gold gained 0.9% to settle at $1530.60 per ounce after it reached a record high of almost $1539 per ounce. Silver prices pushed closer to $50 per ounce for a fresh 30-year high, but settled with a 4.2% gain at $47.90 per ounce.

29.04.2011 08:24

Asian stocks close:

29.04.2011 07:44

Tech on USD/JPY

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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.

Connect with Us
Share on
social networks
Request a callback
Top Page