Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


17.01.2012 08:02

Stocks: Monday’s review

Asian stocks fell ahead of a debt sale today by France after Standard & Poor’s stripped the country of its top credit rating and cut eight other European nations on concern the region hasn’t done enough to contain its debt crisis.

Financial companies contributed the most to the decline in the MSCI Asia Pacific Index.  Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, fell 2.7 percent to 325 yen. HSBC Holdings Plc, Europe’s biggest lender, lost 0.7 percent to HK$59.75.   Hutchison Whampoa Ltd., an operator of retail chains and ports that gets 53 percent of its revenue in Europe, slid 1.5 percent to HK$67.20.


European stocks advanced to a five- month high, snapping three days of losses, as France auctioned debt at a lower borrowing cost even after Standard & Poor’s stripped the country of its top credit rating. French borrowing costs fell at a sale of 51-week treasury bills in the first sale since the nation’s credit downgrade. France sold 1.895 billion euros ($2.4 billion) of one-year notes at a yield of 0.406 percent, down from 0.454 percent on Jan. 9. The Treasury sold a total of 8.59 billion euros in bills, including three and six-month paper.

National benchmark indexes rose in every west-European market except Portugal and Spain.

Fiat led a gauge of carmakers to the biggest gain on the Stoxx 600 today as Goldman Sachs reiterated its “attractive” view on the industry. Fiat surged 7 percent to 4.16 euros, Fiat Industrial SpA increased 3.9 percent to 7.41 euros and Pirelli & C. SpA climbed 4.9 percent to 6.92 euros as analysts recommended all three companies’ shares and added Pirelli to their “conviction buy” list.

Daimler was also added to Goldman’s “conviction buy” list, while Renault SA was upgraded to “neutral” from “sell.” The carmakers climbed 3.6 percent to 39.35 euros and 2.9 percent to 30.87 euros, respectively.

Carnival tumbled 16 percent to 1,878 pence, the biggest drop since the shares started trading in London in 2000, after its cruise liner capsized off the Italian coast on Jan. 13, injuring about 60 people. Morgan Stanley lowered its recommendation for the shares to “equal weight” from “overweight.”

Lundin Petroleum AB sank 14 percent to 152.10 kronor after the company said it will probably reduce its estimates for the recoverable resources at the Avaldsnes discovery.


U.S. stocks are closed on Monday in observance of Martin Luther King Day

17.01.2012 08:23

Forex: Monday’s review

17.01.2012 07:40

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

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

  • © 2011-2017 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
Online
consultant
Request a callback
Top Page