Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


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

07.06.2013 17:20

European stock close:

European stocks advanced, rebounding after the Stoxx Europe 600 Index fell to its lowest level in more than six weeks yesterday, as a U.S. report showed employers added more workers last month than forecast.

The Stoxx 600 climbed 1.3 percent to 295.4 at the close of trading. The benchmark gauge still fell 1.8 percent this week, its biggest weekly drop since April, amid growing speculation the Federal Reserve will scale back monetary stimulus measures as soon as September.

Payrolls in the world's biggest economy rose 175,000 in May after a revised 149,000 increase in April that was smaller than first estimated, a report from the Labour Department showed. The median forecast called for a 163,000 gain last month. The unemployment rate rose to 7.6 percent from a four-year low of 7.5 percent as more Americans entered the labour force.

Curtail StimulusFed Chairman Ben S. Bernanke in May suggested the central bank could curtail its bond buying if the job market improves in a "real and sustainable way."

In Germany, the Bundesbank cut its forecasts for growth in Europe's largest economy for this year and next. The Frankfurt-based central bank reduced its 2013 growth projection to 0.3 percent from the 0.4 percent predicted in December, and said the economy would expand by 1.5 percent in 2014, compared with the previous estimate of 1.9 percent.

National benchmark indexes gained in 16 of the 18 western-European markets today.

FTSE 100 6,411.99 +75.88 +1.20% CAC 40 3,872.59 +58.31 +1.53% DAX 8,254.68 +155.87 +1.92%

Severn Trent rallied 2.5 percent to 2,070 pence in London after a consortium of investors including Kuwait Investment Office, Borealis Infrastructure Management Inc. and Britain's Universities Superannuation Scheme raised their offer for the U.K. utility to 5.3 billion pounds ($8.22 billion).

Elan gained 5.3 percent to 9.97 euros in Dublin after Royalty Pharma increased its offer to buy the Irish drugmaker by 5 percent to $6.7 billion. The all-cash bid of $13 per American depositary receipt is higher than a previous bid of $12.50 and compares with the $12.68 closing price on June 6.

KPN rallied 6 percent to 1.55 euros. Sanford Bernstein raised its recommendation on the Dutch phone operator partly owned by Carlos Slim's America Movil SAB to outperform from market perform, meaning investors should buy the shares.

Ipsen rose 2.1 percent to 27.60 euros after Goldman Sachs upgraded its rating on the French drugmaker to buy from neutral, citing a turning point in its transition to growth.

Belgacom SA added 2.9 percent to 17.44 euros. Morgan Stanley raised the stock to equal weight from underweight, saying the stock has fallen 30 percent from its peak last year and that even if it cut its dividend by about 31 percent, it would still yield 9 percent.

Hochtief AG (HOT) declined 2 percent to 50.58 euros. Berenberg Bank AG reduced its recommendation on Germany's biggest builder to hold from buy, citing a worsening outlook for Australian construction and mining.

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