Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


29.10.2013 18:04

European stocks close

European stocks rose as companies from BP Plc to UBS AG reported earnings and the Federal Reserve began a two-day meeting.

The Federal Open Market Committee started a two-day meeting today to consider when to begin trimming the $85 billion-a-month of bond purchases that have buoyed global markets. Policy makers will hold off paring stimulus measures until the March 18-19 meeting, a Bloomberg survey showed this month.

Retail sales in the U.S. outside of auto dealers climbed in September. The 0.4 percent gain in purchases excluding vehicles followed a 0.1 percent increase in August and matched the median forecast of economists, Commerce Department figures showed today in Washington.

A separate report showed that confidence among U.S. consumers declined in October by the most since August 2011. The Conference Board’s index fell to 71.2 in October from a revised 80.2 the month prior, the New York-based private research group said today. The median forecast in a survey of economists called for a reading of 75.

National benchmark indexes rose in 16 of the 18 Western-European markets. The U.K’s FTSE 100 gained 0.7 percent, Germany’s DAX Index added 0.5 percent and France’s CAC 40 increased 0.6 percent.

BP added 5.6 percent to 477.5 pence, its biggest gain since January 2011. Europe’s third-largest oil company raised its dividend by 5.6 percent to 9.5 cents a share. Profit adjusted for one-time items and inventory changes dropped to $3.7 billion from $5 billion a year earlier, beating the $3.4 billion average estimate of 13 analysts surveyed by Bloomberg.

A gauge of European oil and gas companies posted the best performance of the 19 industry groups in the Stoxx 600, gaining 1.9 percent to a nine-month high. Saipem SpA rallied 4.7 percent to 17.04 euros and Fugro NV added 2 percent to 46.48 euros.

Nokia Oyj jumped 7 percent to 5.35 euros. The Espoo, Finland-based company forecast rising profit ">OC Oerlikon Corp. climbed 1.6 percent to 12.65 Swiss francs. The maker of textile machinery reported third-quarter earnings before interest and taxes of 88 million francs ($98 million), beating the 86 million francs analysts had forecast.

UBS slid 7.7 percent to 17.70 francs. The bank’s target of reaching 15 percent return on equity in 2015 will be delayed by at least a year unless the regulator removes its capital demand, the Zurich-based lender said in a statement. UBS also reported third-quarter net income of 577 million francs, beating the average analyst estimate that called for 561 million francs.


Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 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