Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


10.12.2013 18:20

European stocks close

European stocks fell, snapping two days of gains, before a Federal Reserve meeting next week that may give clues on when it will reduce its stimulus.

The Federal Open Market Committee will probably start slowing its $85 billion in monthly bond purchases at its Dec. 17-18 meeting, according to 34 percent of economists surveyed Dec. 6 by Bloomberg, an increase from 17 percent in a Nov. 8 survey. The central bank has said it may reduce its stimulus if the economy improves as forecast.

Industrial production in the U.K. increased 0.4 percent in October from the previous month, the Office for National Statistics said. It climbed 0.9 percent in September. The October gain matched economists’ estimates.

National benchmark indexes dropped in 12 of the 18 western European markets. The U.K.’s FTSE 100 lost 0.6 percent, while France’s CAC 40 retreated 1 percent and Germany’s DAX dropped 0.9 percent.

Gauges of auto companies and technology shares posted the biggest declines among 19 industry groups in the Stoxx 600. PSA Peugeot Citroen lost 5.1 percent to 11.61 euros and Nokia Oyj dropped 2.4 percent to 5.77 euros.

Vopak slipped 2.1 percent to 41.74 euros after saying it probably won’t reach its goal of 1 billion euros ($1.37 billion) in earnings before interest, taxes, depreciation and amortization in 2016, citing a lack of clarity on the timing of new, profitable projects. The world’s biggest chemical- and oil-storage company forecasts 2013 Ebitda excluding one-time items of about 750 million euros.

Victrex surged 4.2 percent to 1,631 pence. The U.K. maker of heat-resistant plastics for auto, energy and health-care companies proposed a final dividend of 32.65 pence, surpassing the Bloomberg Dividend forecast of 31 pence. Victrex said in a preliminary report full-year revenue rose to 221.9 million pounds ($364.5 million), compared with the average analyst estimate of 221.8 million pounds.

CGG climbed 2.3 percent to 14.67 euros. Raymond James Financial Inc. raised its recommendation on the world’s biggest seismic surveyor of oilfields to outperform, similar to buy, from market perform. The brokerage cited marine contracts that CGG won and the potential for client works in Brazil.

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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