Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

27.08.2012 06:42

Stocks: Friday’s review



Europe’s leaders aren’t making progress in solving the region’s debt crisis.

On result of today’s session:

Nikkei  9,070.76 -107.36 -1.17%

Hang Seng 19,880.03 -252.21 -1.25%

Shanghai Composite 2,092.1 -20.97 -0.99%

S&P/ASX  4,349 -34.71 -0.79%

Shares of Nissan Motor Co. fell 1.5%. Shares of Aluminum Corp. of China fell 1.8%. Shares of Makita Corp. fell 1.1%.

European stocks were little changed, with the Stoxx Europe 600 Index posting its first weekly drop since June, as German Chancellor Angela Merkel said Greece must stick to its commitments to stay in the euro area, and a news report said the European Central Bank is considering setting yield band targets.

A gauge of mining companies was among the main losers, with Rio Tinto Group slumping 1.6 percent and BHP Billiton Ltd. (BHP) sliding 1.4 percent. NKT Holding (NKT) A/S tumbled 9 percent after the maker of cables and industrial vacuum cleaners reported second- quarter sales that missed estimates. Nokia Oyj (NOK1V) rallied 4.2 percent.

The Stoxx 600 added 0.1 percent to 268.0 in London after earlier falling as much as 0.6 percent. European stocks posted a 1.8 percent drop this week, snapping 11 weeks of gains.

Stocks rebounded in the last half hour of trading after Reuters reported the ECB is considering setting yield band targets under a new bond-buying program. Reuters cited unnamed central bank people.

In the U.S., Federal Reserve Chairman Ben S. Bernanke said there’s “scope for further action” by the central back to spur economic growth.

National benchmark indexes fell in nine of the 18 western European markets.

FTSE 100 5,776.6 0.00 0.00% CAC 40 3,433.21 +0.65 +0.02% DAX 6,971.07 +21.50 +0.31%

Rio Tinto and BHP Billiton retreated 1.6 percent to 2,910 pence and 1.4 percent to 1,933 pence, respectively. Anglo American Plc (AAL) dropped 2.9 percent to 1,885 pence.

Eurasian Natural Resources Corp. (ENRC) decreased 3.6 percent to 338.9 pence after ING Groep NV said the producer of metals in Kazakhstan may need to consider selling some assets or raise capital via new equity, citing its rapidly escalating debt burden as a key concern.

NKT Holding tumbled 9 percent to 191.10 kroner after the maker of cables and industrial vacuum cleaners reported second- quarter sales of 3.9 billion kroner ($667 million), missing analysts’ estimates of 4.15 billion kroner. Earnings before interest, taxes, depreciation and amortization were 229 million kroner, below the 300 million-kroner analyst projection.

Ashmore Group Plc retreated 4.3 percent to 331.5 pence after Haley Tam, an analyst at Citigroup Inc. cut the U.K. fund manager to sell from neutral.

Nokia jumped 4.2 percent to 2.49 euros, for an eighth consecutive day of gains.

Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, rose 1.9 percent to 65.40 euros, following a gauge of European (SXXP) food and beverage shares higher. Chief Strategy Officer Jo Van Biesbroeck bought 200,000 shares for 13.1 million euros on Aug. 17, according to regulatory filings.

Danone (BN) SA, the world’s largest yogurt maker, gained 1.4 percent to 51.01 euros, while Marine Harvest ASA (MHG), the world’s biggest salmon farmer, climbed 3.9 percent to 4.51 kroner as investors bought the stock in anticipation of increased fish prices.

Major U.S. stock indexes were able to step back from session lows to close in positive territory amid growing expectations of market participants about the new stimulus measures by the Fed. For the week DOW index lost 0,88%, Nasdaq fell by 0,222%, S & P500 fell 0.50%.

Indexes started the session in negative territory amid growing concerns about the future of the Euro zone due to the lack of progress in solving the debt crisis and mixed data on orders for durable goods.

However, upon closer examination statistics on orders for durable goods supported markets. Thus, the overall index rose by 4.2% in July, compared with an expected value of 2.8% and 1.6% in June. In this case, such a significant growth rate in July was mostly a result of substantial increase in orders for aircraft from Boeing. Excluding orders for transportation rate in July fell by 0.4% with expectations of growth of 0.5%.

Against this background of increased expectations of market participants to the new liquidity injections by the Fed. Next week will be the speech Fed Chairman Ben Bernanke in Jackson Hole. Investors hope that the outcome of the expected meeting will get additional signals for further quantitative easing measures.

In the composition of the index DOW most components are in positive territory. More than others in the share price rose Verizon Communications Inc. (VZ, +2.11%). The biggest minus show such shares Intel Corporation (INTC, -0.64%), Hewlett-Packard Company (HPQ, -0.51%), Caterpillar Inc. (CAT, -0,35%)

Branches in the context of all major sectors of the index S & P are in positive territory. More than other health sector increased (+0.6%) and consumer goods (+0.6%).

At the close:

Dow 13,157.97 +100.51 +0.77%

Nasdaq 3,069.79 +16.39 +0.54%

S & P 500 1,411.13 +9.05 +0.65%

27.08.2012 07:08

Forex: Friday’s review

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