(+357) 22314160


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

17.10.2013 10:31

European stock fell

European stocks fell from a five-year high as companies from Sulzer (SUN) AG to Outotec Oyj lowered their financial targets, while a Chinese rating company downgraded the American government’s debt. U.S. index futures also retreated, while Asian shares rose.

The Stoxx Europe 600 Index lost 0.3 percent to 314.71 at 10:24 a.m. in London as more than two stocks dropped for every one that climbed. The equity benchmark rose to its highest level since June 2008 yesterday on optimism U.S. lawmakers would reach a deal to reopen the government and increase the debt ceiling.

In the U.S., President Barack Obama signed into law a measure to extend the nation’s borrowing authority into early 2014 and end the government shutdown that started Oct. 1. The deal avoided a default and means that federal workers will return to their jobs from today.

Dagong Global Credit Rating downgraded the U.S. to A- from A and reiterated its negative outlook on the government of the world’s largest economy. The rating company said the U.S. will struggle to avoid repeating this week’s political impasse over the limit on sovereign debt, according to a statement.

Sulzer fell 4.8 percent to 131.70 Swiss francs after predicting that 2013 sales will probably not exceed the 4.02 billion francs ($4.4 billion) generated in 2012. The pump manufacturer predicted slight growth for revenue this year when it reported half-year results on July 23. That was a downgrade from an earlier forecast for moderate growth.

Outotec slumped 12 percent to 8.58 euros. The Finnish company forecast that it will generate no more than 2.1 billion euros ($2.9 billion) in sales in 2013 because its order intake has declined in the first nine months of this year. Outotec had predicted revenue of as much as 2.3 billion euros.

Nutreco NV slid 3.9 percent to 36.27 euros after the world’s largest supplier of fish feed forecast earnings before interest, taxes and amortization of about 255 million euros in 2013. The company had predicted it would at least match last year’s 262.1 million euros.

FTSE 100 6,562.46 -9.13 -0.14%

CAC 40 4,224.01 -19.71 -0.46%

DAX 8,803.35 -42.65 -0.48%

17.10.2013 12:01


Market Focus

January 2018
  • 2018
  • 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

Fb twitter linkedIn youtube
proficient forex broker teletrade
  • © 2011-2018 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