Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

13.11.2012 08:01

Stocks: Monday’s review



Asian stocks fell, with the regional benchmark index headed for its lowest close in a month, after Japan’s economy shrank at the fastest pace since last year’s earthquake, overshadowing an acceleration in China’s exports.

Nikkei 225 8,676.44 -81.16 -0.93%

S&P/ASX 200 4,448.03 -13.99 -0.31%

Shanghai Composite 2,079.27 +10.21 +0.49%

Yokohama Rubber Co. sank 6.3 percent after posting quarterly earnings that missed analysts’ estimates and as the price of rubber fell to a two-month low following the Japanese data.

QBE Insurance Group Ltd. sank 8.3 percent, the most in 11 months, after Australia’s No. 1 insurer by market value said it will issue debt due to losses from U.S. super storm Sandy.

Li & Fung Ltd., a supplier of clothes and toys to Wal-Mart Stores Inc., climbed 1.3 percent as China’s exports grew at the fastest rate since May.


European stocks fell to a two-week low as euro-area finance ministers met to discuss Greek aid and concern grew that impending U.S. tax increases and spending cuts will harm the world’s biggest economy.

National benchmark indexes fell in 12 of the 18 western- European markets today. France’s CAC 40 dropped 0.4 percent, while Germany’s DAX and the U.K.’s FTSE 100 were little changed.

Greece’s ASE sank 3.6 percent as Alpha Bank tumbled 14 percent to 1.56 euros. National Bank of Greece SA, the nation’s largest lender, lost 14 percent to 1.51 euros.

Plans to give Greece extra time to meet deficit-cutting targets would open up a financing gap of about 15 billion euros through 2014 and 17.6 billion euros in the two following years, the country’s creditors said. The so-called troika of the European Commission, ECB and International Monetary Fund supplied the estimates for tonight’s meeting of euro-area finance ministers in Brussels, according to a document obtained by Bloomberg News.

Telecom Italia climbed 4.2 percent to 72 euro cents. Italy’s former phone monopoly received interest from Sawiris, founder of Orascom Telecom Holding SAE, about an investment “through underwriting of new stock,” the Milan-based company said today. The offer is valued at more than 2 billion euros, said a person familiar with the matter, asking not to be identified because the discussions are confidential.

Banco Popular Espanol SA surged 4.6 percent to 1.17 euros as the Spanish bank said it plans to sell as much as 2.5 billion euros of discounted shares to close a capital shortfall.

After a positive start major U.S. stock indices fell into the red zone, the middle of trading were able to recover and finished the session in flet line.

Against the background of the celebration of Veterans Day today reduced trading activity.

The focus of the market there are two problems: the "budget break" in the U.S. and a possible Greek default.

In the U.S., it has been mentioned that this week should pass a meeting of U.S. President Obama and the leaders of the Republican and Democratic parties.

As for Greece, the Eurogroup summit is taking place today, where finance ministers could reach a preliminary agreement on the allocation of Athens next tranche of financial aid. Media published a draft report "troika" of Greece. Despite the fact that the report argues for an additional 15 billion euros to Athens until the end of 2014 and refers to the "high risk" program exit of Greece from the crisis, also noted "significant growth" performance agreements that countries receive international financial assistance.

Media also reported that the "troika" can give Greece an additional 2 years to reach the goals. This will reduce the impact of painful austerity measures.

DOW index components were mixed. Maximum loss incurred stock Microsoft (MSFT, -2.12%). Shares rose more than other United Technologies (UTX, +1.46%).

The main sectors of the S & P also showed a mixed trend. The maximum decrease in the sector and utilities (-0.8%). Lead the health sector (+0.2%).

American manufacturer of components for the aviation industry Precision Castparts has agreed to buy the company Titanium Metals, owned by billionaire Harold Simmons, for $ 2.9 billion at the news Precision Castparts shares rose by 4.9%, while Titanium Metals went into plus 42.6%.

At the close:

Dow 12,815.16 -0.23 -0.00%

Nasdaq 2,904.26 -0.61 -0.02%

S&P 500 1,380.00 +0.15 +0.01%

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