Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


21.02.2013 18:45

European stocks close

European stocks declined the most in more than two weeks as a measure of services and manufacturing output contracted, while concern mounted that the Federal Reserve will scale back its asset-purchase program.

Euro-area services and manufacturing shrank in February more than economists had forecast. A composite index of both industries in the 17-nation currency bloc fell to 47.3 from 48.6 in January, London-based Markit Economics said today. Economists had predicted a reading of 49, according to the median of 22 estimates in a survey. A reading below 50 means that activity contracted.

Several participants at the FOMC’s meeting “emphasized that the committee should be prepared to vary the pace of asset purchases, either in response to changes in the economic outlook or as its evaluation of the efficacy and costs of such purchases evolves,” according to minutes released after the close of European markets yesterday.

National benchmark indexes fell in every western-European market except Iceland. France’s CAC 40 declined 2.3 percent, while the U.K.’s FTSE 100 slid 1.6 percent. Germany’s DAX dropped 1.9 percent.

Safran decreased 3.1 percent to 34 euros. Europe’s second- biggest maker of aircraft engines has begun exploratory discussions with Avio, Chief Executive Officer Jean-Paul Herteman said on a conference call.

Axa SA retreated 3.1 percent to 13.27 euros as net income unexpectedly fell to 4.15 billion euros ($5.5 billion) in 2012 from 4.19 billion euros in 2011. That missed the 4.47 billion- euro average analyst estimate in a survey.

Swiss Re Ltd. gained 2.5 percent to 75.65 francs, its highest price since June 2008. Investors will receive a special dividend of 4 francs a share, plus an ordinary dividend of 3.50 francs, the insurer said. That exceeded the average forecast of eight analysts for a total payout of 6.21 francs a share. Fourth-quarter net income of $795 million beat the average analyst estimate of $240.3 million.

Schneider Electric SA climbed 2.3 percent to 56.67 euros after the world’s biggest maker of low- and medium-voltage equipment said revenue will rebound in 2013. The company added that net income rose 3 percent to 1.84 billion euros in 2012. The average analyst estimate had called for profit of 1.83 billion euros.

BAE Systems Plc jumped 4.1 percent to 345.9 pence, its biggest rally in more than five months. Europe’s largest arms company said it will buy back as much as 1 billion pounds ($1.5 billion) of shares over three years after reporting full-year earnings that fell less than analysts had predicted.


21.02.2013 17:25

Oil fell to 6-week low

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