Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

29.02.2012 08:40

Stocks: Tuesday’s review


Asian stocks climbed as oil headed for a second day of decline, easing concern that high prices might crimp global demand, and as Chinese banks rose after a report they are allowed to keep lending to local governments.

Nikkei 225 9,722.52 +88.59 +0.92%

Hang Seng 21,572.7 +354.84 +1.67%

S&P/ASX 200 4,262.74 -4.63 -0.11%

Shanghai Composite 2,451.86 +4.80 +0.20%

Hynix Semiconductor Inc., a South Korean chipmaker, gained 7.2 percent, the biggest gain in the MSCI Asia Pacific Index (MXAP), as Japan’s Elpida Memory Inc. filed for bankruptcy.

Cathay Pacific Airways Ltd., Hong Kong’s biggest carrier, rose 3.4 percent as oil slid further from a nine-month high.

China Construction Bank Co. climbed 1.1 percent in Hong Kong. Japanese exporters fell as gains in the yen cut their earnings outlook.

European stocks climbed as a report showed that U.S. consumer confidence beat economists’ forecasts, even after durable-goods orders in the world’s largest economy unexpectedly slumped.

The ECB will allocate cash from its long-term refinancing operation tomorrow. It will probably provide 470 billion euros ($632 billion) of three-year cash.

Germany’s Chancellor, Angela Merkel, won a parliamentary vote on Greek aid after the close of European trading yesterday. She warned lawmakers that pushing Greece out of the euro risked “incalculable” damage.

Greece’s credit ratings were cut to “selective default” by Standard & Poor’s after the Mediterranean nation negotiated the biggest sovereign-debt restructuring in history. S&P lowered Greece’s rating from CC, two levels above default, after the government added clauses to its debt designed to include investors unwilling to take part in the exchange, the New York- based company said in a statement yesterday.

National benchmark indexes climbed in 12 of the 18 western- European markets. Germany’s DAX Index added 0.6 percent, while the U.K.’s FTSE 100 Index rose 0.2 percent. France’s CAC 40 Index gained 0.4 percent. Greece’s ASE Index was the worst performing index, falling 3 percent.

KBC rallied 4.7 percent to 17.42 euros after Santander agreed to buy a unit of Belgium’s biggest bank and insurer by market value.

Belvedere SA, a French vodka maker, climbed 3.8 percent to 68.70 euros after Les Echos reported that the company plans to sell its Sobieski brand to cut debt.

Eiffage SA jumped 4.8 percent to 30.10 euros after the French builder’s rating was raised to “neutral” from “underperform” at Bank of America Corp.

TomTom plunged 15 percent to 3.75 euros after forecasting that revenue and earnings per share will fall this year. Europe’s biggest maker of portable navigation devices said sales will decline to 1.1 billion euros in 2012 from 1.27 billion euros in 2011 and adjusted earnings per share will decrease to about 35 cents per share from 55 cents.

The Dow Jones Industrial Average rose, closing above 13,000 for the first time since May 2008, after a better-than-estimated consumer confidence report bolstered optimism in the world’s largest economy.

Today’s rally put the S&P 500 on pace for a third month of gains, the longest streak in a year, amid better-than-estimated economic and corporate data. It rose 4.6 percent this month. The index trades at about 14.1 times reported earnings, compared with the average since 1954 of 16.4 times, according to data compiled by Bloomberg.

Stocks rose as the Conference Board’s index increased more than forecast in February, to 70.8. The euro strengthened versus the dollar before the European Central Bank provides funds tomorrow to support banks. Earlier today, stocks fell as orders for U.S. durable goods fell in January by the most in three years. Separate data showed that home prices in 20 U.S. cities dropped more than forecast in December.

Dow   13,005.12     +23.61 +0.18%, Nasdaq      2,986.76       +20.60 +0.69%, S&P 500   1,372.18       +4.59       +0.34%

Priceline added 6.97 percent. The company has weathered the European debt crisis better than rivals Expedia Inc. and Orbitz Worldwide Inc., and it’s expanding into emerging markets and new businesses such as car rentals. The number of countries Priceline serves has jumped more than 60 percent in the past year to over 160.

Apollo Group sank 16.26 percent. The for-profit educator cut its operating profit forecast for 2012 to no more than $725 million, below the previous estimate of as much as $750 million.

Southwestern Energy Co. fell 5.72 percent. The natural gas producer cut its 2012 production estimate and reported fourth-quarter earnings of 45 cents a share, missing the average analyst estimate of 47 cents.

29.02.2012 08:21

Tech on USD/JPY

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 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