Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

20.07.2011 07:54

Stocks: Tuesday's review

Yesterday’ strength of yen put pressure on shares of Japanese exporters. The markets also fall amid continued concerns over unresolved U.S. and European debt problems
Canon , which receives more than three-quarters of its revenues from abroad, fell 2.8% and Honda Motor dropped by 2%.
Banks also suffered losses: Mitsubishi UFJ fell 2.5% and Mizuho Financial Group shed 2.3%.
Sony Corp. shed by 2.5% and Nintendo Co. plunged by 3.7%. As for auto makers, Honda Motor Co. lost 2%.
Banks retreated in line with losses for US and European peers on Monday: Mitsubishi UFJ fell 2.5 per cent to Y383 and Mizuho Financial Group shed 2.3 per cent to Y126.
Kansai Electric fell 3.3 per cent to Y1,393 after closing down one of its nuclear reactors due to a malfunction.
Japan’s Nikkei 225 Average shed 0.9 per cent to 9,889.72 on relatively slim volume of 1.5bn shares. The broader Topix index lost 0.7 per cent to 853.75,
European stocks gained, rebounding from a seven-month low, as companies from Novartis AG (NOVN) to International Business Machines Corp. reported earnings that beat estimates.Novartis, Europe’s second-biggest drugmaker by sales, climbed the most in three months. SAP AG (SAP) led a rally in technology companies after IBM boosted its forecasts. Nordea Bank AB (NDA) soared 5.7 percent after profit increased. Electrolux AB (ELUXB), the world’s second-biggest appliance maker, plunged the most in four years as results trailed projections.
IBM, the world’s biggest computer-services company, reported revenue that beat analysts’ estimates and boosted its full-year profit forecast late yesterday as companies bought more software and equipment. Thirty-one of the 36 companies in the Standard & Poor’s 500 Index that have reported results since July 11 topped per-share profit projections, data compiled by Bloomberg show.
President Barack Obama and congressional leaders are making little progress in debt-reduction talks after House Speaker John Boehner said all sides must settle for a smaller plan than the president seeks. Obama is holding his fifth round of public remarks on the debt in a week today as he presses lawmakers to reach an agreement to raise the $14.3 trillion U.S. borrowing ceiling before an Aug. 2 deadline.European Union government chiefs plan to meet for the second time in a month on July 21, aiming to break a deadlock over a new Greek rescue that has spooked investors. Spanish and Italian bonds yields surged yesterday, piling pressure on officials to end the turmoil. Spain sold 4.45 billion euros ($6.3 billion) of 12-month and 18-month bills today.
U.S. stocks rose, sending the Standard & Poor’s 500 Index rebounding from a three-week low, after International Business Machines Corp. (IBM)’s profit topped estimates and PresidentBarack Obama endorsed a plan to cut the federal deficit.
IBM, the biggest computer-services company, climbed 5.1 percent as technology shares had the biggest gains among 10 groups in the S&P. Coca-Cola, the largest soft-drink company, rose 3.6 percent after results beat estimates and the company said it plans to buy back shares. All 12 stocks in an S&P gauge of homebuilders advanced after U.S. housing starts increased to a five-month high. Bank of America Corp. (BAC) fell 2.3 percent after reporting the biggest quarterly loss in its history.
The S&P 500 declined 4.3 percent through yesterday from a three-year high in April amid speculation that the sovereign debt crisis in Europe is spreading across the region and concern that U.S. lawmakers will fail to reach a deal on raising the nation’s debt limit before the Aug. 2 deadline. The drop has left the gauge trading at 14.8 times reported earnings, the cheapest this month, according to data compiled by Bloomberg.
The S&P 500 has still rallied 93 percent since March 2009 as the Federal Reserve maintained a policy of record-low interest rates and emergency stimulus to spur growth in the world’s largest economy.
U.S. stocks extended gains as President Barack Obama backed a bipartisan plan to cut the federal deficit, spurring optimism that lawmakers will reach an agreement that will help the nation avoid default.
Obama called the revival of the so-called Gang of Six proposal “good news” that may help negotiations on the deficit and the federal debt ceiling progress. The plan is “a very significant step,” Obama said in remarks at the White House.

20.07.2011 08:05

Forex: Tuesday's review

20.07.2011 07:47

Tech on USD/JPY

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
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