Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



22.08.2013 17:21

European stocks close

European stocks climbed the most in three weeks as a report showed Germany’s manufacturing and services industries expanded at a faster-than-expected pace.

A measure of German manufacturing compiled by Markit Economics climbed to 52 in August from 50.7 in July. The median economist estimate had called for a reading of 51.1, according to a survey. The company’s gauge of services advanced to 52.4, beating the median estimate of 51.7.

In China, a purchasing managers’ index of manufacturing from HSBC Holdings Plc and Markit rose to 50.1 in August from 47.7 in July. Economists had predicted the PMI would climb to 48.2. Readings greater than 50 mean that activity increased.

The Federal Reserve published the minutes from its July 30-31 meeting late yesterday. They showed that almost all the participants agreed with Chairman Ben S. Bernanke’s plan to start reducing bond buying later this year if the economy continues to improve in line with forecasts.

The Federal Open Market Committee continued to expect that growth will accelerate in the second half of 2013 and into 2014. After the July meeting, policy makers affirmed a pledge to continue bond buying until they see evidence that “the outlook for the labor market has improved substantially.”

National benchmark indexes declined in every western-European market today, except Greece and Iceland. Germany’s DAX added 1.4 percent, while the U.K.’s FTSE 100 gained 0.9 percent. France’s CAC 40 rose 1.1 percent.

Ahold jumped 5.2 percent to 12.86 euros. The retailer said quarterly underlying operating income gained 5.4 percent to 338 million euros ($452 million), beating the 323.8 million-euro average estimate of 10 analysts. The company said it may make acquisitions to expand into new markets.

Home Retail Group Plc, the owner of the Argos catalog chain, added 3.6 percent to 150.3 pence. Inditex SA, the world’s largest clothing retailer, rose 3.1 percent to 103.50 euros. A gauge of European retailers advanced 1.3 percent.

IMI surged 5.8 percent to 1,491 pence. The maker of air-conditioning equipment said first-half adjusted pretax profit rose 1 percent to 170 million pounds ($265 million). That exceeded the average analyst projection of 164 million pounds in a Bloomberg survey.

A gauge of banks contributed the most to the Stoxx 600’s rally as yields on 10-year Spanish and Italian bonds dropped. Banco Popular Espanol SA jumped 5.6 percent to 3.99 euros, UniCredit SpA advanced 3.7 percent to 4.57 euros and Banco Espirito Santo SA rallied 5.2 percent to 90.4 euro cents.

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
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29
30
31

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