Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



29.11.2013 18:20

European stocks close

European stocks were little changed, completing a third monthly gain, as a report showed unemployment in the euro area fell from a record high.

A Eurostat report showed that euro-area unemployment unexpectedly fell in October. The jobless rate declined to 12.1 percent from 12.2 percent in September. Economists had predicted it would remain at a record high.

S&P raised its outlook for Spain’s debt to stable from negative, reducing the likelihood that the ratings company will cut the Mediterranean nation’s rating to junk. S&P affirmed Spain at BBB-, its lowest investment grade.

The ratings company raised its score for Cyprus to B- from CCC+. It lowered the Netherlands to AA+ from AAA, citing weaker growth prospects than previously forecast.

National benchmark indexes declined in 10 of the 18 western-European markets today. France’s CAC 40 fell 0.2 percent, while Germany’s DAX rose 0.2 percent. The U.K.’s FTSE 100 slipped 0.1 percent.

Kesko jumped 8.8 percent to 27.47 euros, its highest price since February 2012. The company said it plans to sell some of its store sites and shopping malls to a real estate investment trust that it will set up in 2014. The trust, which Kesko will partly own, will hold assets in Finland, Sweden and Russia.

Monte Paschi rose 1.5 percent to 18.7 euro cents. The lender said it will target net income of 200 million euros ($272 million) in 2015 and 900 million euros in 2017 after losing 8,000 staff, selling 3 billion euros of new shares and shrinking its balance sheet by 25 percent. Monte Paschi’s plan, which received European Union approval on Nov. 27, would allow it to repay 4.1 billion euros of state aid by 2017.

Speedy Hire slumped 22 percent to 50.5 pence. The company said late yesterday that it had found accounting irregularities within its international business, which mostly operates in the Middle East. Speedy Hire forecast that the irregularities will reduce pretax profit for the financial year ending March 31 by about 3 million pounds ($4.9 million). Steve Corcoran resigned as chief executive officer. He will stay with the company until it finds a successor, according to a statement.

UPM-Kymmene Oyj fell 3.6 percent to 12.23 euros. UBS lowered Europe’s second-largest papermaker to sell from neutral. The brokerage said that demand for the company’s product will not recover in Europe and that the industry will probably reduce its capacity next year.

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