Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


12.12.2013 18:21

European stocks close

European stocks fell to a two-month low as investors weighed U.S. retail-sales and jobless-claims data to gauge whether the Federal Reserve will decide next week to pare stimulus.

The U.S. central bank may consider reducing its $85 billion of monthly bond purchases at its Dec. 17-18 meeting, according to 34 percent of economists surveyed Dec. 6 by Bloomberg, up from 17 percent in a Nov. 8 poll.

A U.S. Commerce Department report in Washington showed retail sales in the world’s largest economy rose 0.7 percent in November, the biggest gain since June. The median estimate in a Bloomberg survey estimated an increase of 0.6 percent. Separate data showed initial jobless claims increased to 368,000 in the week ended Dec. 7 from a revised 300,000 in the previous week. Economists had predicted a gain to 320,000.

Euro-area industrial production shrank 1.1 percent in October, according to a report from the European Union’s statistics office in Luxembourg. The median estimate survey predicted an expansion of 0.3 percent.

National benchmark indexes dropped in all 18 western European markets. The U.K.’s FTSE 100 slid 1 percent, France’s CAC 40 fell 0.4 percent and Germany’s DAX lost 0.7 percent.

Wood Group tumbled 9.9 percent to 718 pence, its lowest price since July 9, 2012. The U.K. oil-services provider said delays in offshore projects and weakness in its Canadian market may lead to the reduction in its 2014 engineering-unit profit.

Peugeot dropped 7.6 percent to 10.63 euros. Profit this year will take a hit of about 1.1 billion euros because of foreign-exchange swings, while savings from an alliance with General Motors Co. will be about 40 percent less than planned. Peugeot and GM expect the savings to total $1.2 billion by 2018, lower than their previous target for $2 billion by 2016. The companies dropped plans to cooperate on subcompact vehicles.

Ziggo rallied 5.4 percent to 32.50 euros, its highest price since its initial public offering in March 2012. The number of shares that changed hands in the first 90 minutes of trading was more than double of the average full-day volume of the past three months.

Fortum Oyj rose 2.4 percent to 17.25 euros, the highest price since April 2012, after saying it will sell its Finnish power-distribution business for 2.55 billion euros to Suomi Power Networks Oy. Fortum will book a one-time sales gain of as much as 1.9 billion euros.


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