FX & CFD trading involves significant risk
Nikkei 225 +7.37 +0.07% 9,972.46
FTSE 100 +6.49 +0.11% 6,024.03
CAC 40 -24.28 -0.61% 3,978.83
DAX -3.52 -0.05% 7,439.44
Dow -12.98 -0.10% 12,570
Nasdaq +9.74 +0.35% 2,826
S&P 500 -1.79 -0.13% 1,338
10 Year Yield 3.14% -0.06 --
Oil $96.91 +0.02 +0.02%
Gold $1,515.70 +3.00 +0.20%
Japanese stocks advanced for a sixth day (the longest winning streak for the Nikkei 225 since the country’s March earthquake and tsunami), as Tokyo Electric Power Co. advanced.
Tokyo Electric climbed 5.1% after the utility said a self-contained cooling system is now running properly at its crippled nuclear plant.
Bank of Yokohama Ltd. rose 1.5% after Nomura Holdings Inc. raised the lender’s rating, saying it was oversold after the March 11 disaster.
Askul Corp., meanwhile, tumbled 8.3% after posting a loss because of damage to inventory and warehousing.
The Nikkei 225 rose in the past five trading days amid optimism Greece will avoid default. Stocks have risen as companies including Toyota Motor Corp. said supply chains are recovering more quickly than anticipated from Japan’s disaster.
European stocks were little changed, after the benchmark Stoxx Europe 600 Index posted six days of gains.
Celesio AG (CLS1), Europe’s biggest drug wholesaler, surged 2.8% after analysts raised their recommendation on the stock.
CSM (CSM) NV slumped more than 7%, its largest drop in 2 1/2 years, after saying first-half earnings will decline because of higher raw-material costs.
The Stoxx 600 surged 4.4% during the previous six trading days after Greek lawmakers passed a five-year austerity package, qualifying the country for further aid. The measure still slipped 1.1% in the second quarter on concern that Greece will fail to repay all its debt.
Standard & Poor’s and Fitch Ratings may enable European Central Bank President Jean-Claude Trichet to support a private investor rollover of Greek debt by saying a default rating would be partial and temporary.
Trichet put Greece’s fate in the hands of ratings companies when bank officials began saying in May that the ECB, which has lent 98 billion euros ($142 billion) to Greek banks, would refuse to accept the nation’s bonds as collateral if any “burden sharing” by private investors produced a default rating.
U.S. stocks ended little changed Tuesday, as investors took a step back after last week's stellar gains and remain wary about Europe's financial future.
Hewlett Packard (HPQ, Fortune 500) and financial leaders JPMorgan Chase (JPM, Fortune 500) and Bank of America (BAC, Fortune 500) were among the biggest laggards. Chevron (CVX, Fortune 500), Walt Disney (DIS, Fortune 500) and IBM (IBM, Fortune 500) posted the biggest gains.
Netflix's (NFLX) stock was the best performing stock on both the S&P and Nasdaq indexes. Shares jumped 8% to all-time highs after the company said it is expanding its streaming services to 43 counties in Latin America and the Caribbean later this year.
Economy: The Commerce Department said factory orders rose 0.8% in May, after falling 0.9% in April. Economists were expecting orders to edge up 1%.
Companies: Shares of China's top search engine Baidu (BIDU) rose 1.8% after it reportedly signed a deal with Microsoft (MSFT, Fortune 500) to provide English-language search results in China.
Baidu's main rival, Google (GOOG, Fortune 500), has failed to gain traction in the Chinese market.
|remaining time till the new event being published|
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.