Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

17.09.2012 06:40

Stocks: Friday’s review



Asian stocks rose, with the regional benchmark index headed for the longest winning streak since January 2011, after the Federal Reserve said it will buy mortgage-backed securities to bolster economic growth.

Nikkei 225 9,159.39 +164.24 +1.83%

S&P/ASX 200 4,390 +50.58 +1.17%

Shanghai Composite 2,129.14 +18.76 +0.89%

Techtronic Industries Co., a maker of Ryobi power tools that gets 72 percent of its sales in North America, gained 6.5 percent in Hong Kong.

Zhaojin Mining Industry Co., which gets 89 percent of its revenue from gold mining, surged 14 percent in Hong Kong after the price of the precious metal climbed to a six-month high.

Daewoo Securities Co. paced gains among financial firms, jumping 15 percent in Seoul.

European stocks advanced to their highest level in 14 months after the Federal Reserve said it will buy mortgage-backed securities to encourage economic growth in the world’s largest economy.

BHP Billiton Ltd. (BHP) and Rio Tinto Group jumped 5.8 percent and 6.5 percent, respectively, as Australia’s Treasurer said the country’s resource boom will continue. Lonmin Plc (LMI) rose 4.8 percent as it resumed talks with striking miners at its platinum mine in South Africa.

The Stoxx Europe 600 Index advanced 1.1 percent to 275.51 at 4:30 p.m. in London, its highest level since July 7, 2011.

The Fed said it will increase its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month. The central bank will continue to buy mortgage- backed securities until the outlook for the labor market substantially improves, the Federal Open Market Committee said yesterday in a statement at the end of its two-day meeting in Washington.

The FOMC also said it will probably hold the federal funds rate near zero until at least the middle of 2015. The Fed had said the rate would stay low through late 2014. Fed officials said economic growth will improve faster than they had projected, as they upgraded their estimates for gross domestic product growth in 2013 and 2014.

Euro-area finance ministers and central-bank officials hold a two-day meeting starting today in Cyprus to discuss plans for a banking union in the 17-nation currency zone.

European stocks extended their gains after the Thomson Reuters/University of Michigan gauge of consumer confidence unexpectedly climbed. The preliminary index of consumer sentiment rose to 79.2 in September from 74.3 in August. The median forecast of economists had called for a reading of 74.

National benchmark indexes rose in all 18 western-European markets.

FTSE 100 5,898.55 +78.63 +1.35% CAC 40 3,570.64 +68.55 +1.96% DAX 7,401.59 +91.27 +1.25%

Petropavlovsk Plc, a miner of gold in Russia, jumped 14 percent to 431.9 pence. Antofagasta Plc, which owns copper mines in Chile, rose 7 percent to 1,323 pence, its biggest rally in eight months, as metal prices jumped in London.

Nyrstar (NYR) NV, the largest producer of refined zinc, gained 10 percent to 5.28 euros. Evraz Plc (EVR), the mining company and steelmaker partly owned by billionaire Roman Abramovich, soared 13 percent to 293.2 pence. Vedanta Resources Plc (VED) surged 13 percent to 1,090 pence.

Chemring Group Plc advanced 5.3 percent to 344.9 pence. The company said that the U.K.’s Takeover Panel has extended a deadline for Carlyle Group LP to make a bid until Oct. 12.

Lonmin Plc rose 4.8 percent to 613.5 pence. The third- largest platinum producer by volume resumed talks in South Africa today to end an illegal strike that has spread to nearby mines that tap the world’s richest reserves of the metal.

The preferred shares of Volkswagen AG (VOW) added 4.9 percent to 152.50 euros. Europe’s largest carmaker said sales in August rose 19 percent to 719,500 vehicles.

Major U.S. stock indexes ended the growth of the fourth consecutive session. For the week DOW index added 2,16%, Nasdaq rose by 1,52%, S & P500 rose 1.94%.

Indexes rose against yesterday's decision of the Committee on the Federal Open Market. Today's growth is moderate compared to yesterday due to the reluctance of market participants to take long positions in anticipation of the weekend.

Growth indices also restrict speculation about the high probability that a new round of QE will not have such a strong positive impact on the stock market as the previous ones, because these actions by the Federal Reserve was widely expected and it was included in the price. It is worth noting that, despite the Fed's statement on the "unlimited" dates for the new round of QE, it is much less than previous programs (for the year under QE3 will spend $ 0.48 trillion from $ 1.7 trillion. Under QE1 and $ 0.6 trillion . as part of QE2).

Statistics released today was mixed, its impact on the dynamics of trade is negligible.

Thus, industrial production in August fell by 1.2% against the expected growth of 0.2% in this case, increased inventories (+0.8% in July vs. +0.3%).

Consumer sentiment index from Reuters / Michigan (preliminary data) in September rose to 79.2 against 74.3 in August and 74.1 forecast.

The inflation data were mixed: the total value of the consumer price index was below forecasts, basic - above.

As a part of most of the components of the index DOW surged. In the red are 14 components, of which the shares have fallen more than other AT & T, Inc (T, -2.78%). More than others in the share price rose Caterpillar (CAT, +2.46%).

Most of the major economic sectors are growing. The leader is the sector conglomerates (2.1%). In the red are only sector utilities (-0.7%) and the health sector (-0.5%).

At the close:

Dow 13,593.37 +53.51 +0.40%

Nasdaq 3,183.95 +28.12 +0.89%

S & P 500 1,465.76 +5.77 +0.40%

17.09.2012 07:02

Forex: Friday’s review

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