Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk


Show news:

20.01.2011 08:32

Stocks: Wednesday's review

Japanese stocks rose, sending the Nikkei 225 Stock Average higher for the third day this week, after Apple Inc. and International Business Machines Corp. reported earnings that exceeded analysts’ estimates.
Hitachi Ltd., which makes consumer electronics, gained 3.8 percent. Elpida Memory Inc., the world’s No. 3 maker of computer-memory chips, increased 5.7 percent. Panasonic Corp., the world’s largest maker of plasma televisions, climbed 0.6 percent. Toray Industries Inc. rose 4.7 percent, leading textile companies higher and extending gains yesterday, after Goldman Sachs Group Inc. raised its share-price estimate on the company.
The Nikkei 225 Stock Average advanced 0.4 percent to 10,557.10 at the close of trading in Tokyo. The broader Topix index climbed 0.6 percent to 936.87, with more than double the number of stocks rising as falling. The Topix is on course for its third consecutive weekly gain this year.
The Topix has risen 4.2 percent this year, driving the average price of shares in the index to 16.1 times estimated earnings on average, near the highest level since August. The gauge sank 1 percent in 2010 as the yen at its strongest annual average level against the dollar since 1971 dimmed the outlook for export earnings, and as Europe’s debt crisis, China’s steps to curb inflation and concern about U.S. growth damped confidence in a global recovery.
European stocks slid the most since November after a report said the U.S. building industry started work on fewer homes than projected and Goldman Sachs Group Inc. posted earnings that failed to exceed analysts’ estimates.
Qiagen NV sank 2.2 percent as Exane BNP Paribas cut its recommendation on the shares. Swatch Group AG declined even after reporting increased sales and ASML Holding NV dropped even as its quarterly profit beat estimates. Kesa Electricals Plc plunged 9.8 percent after the owner of Comet and Darty electrical goods stores said its profit will be toward the lower end of analysts’ projections.
The Stoxx Europe 600 Index slid 1.4 percent to 282.72 at the 4:30 p.m. close in London, the gauge’s largest retreat in seven weeks. The measure advanced 1 percent last week as investors speculated that European leaders will increase their efforts to contain the region’s debt crisis.
Euro-area finance ministers meeting late on Jan. 17 ruled out increasing the size of the 750 billion-euro EFSF for now.
U.S. stocks fell, pulling benchmark indexes down from two-year highs, as Goldman Sachs Group Inc. reported profit that failed to exceed analysts’ estimates and housing starts declined more than forecast.
Goldman Sachs slid 3.1 percent after earnings tumbled 52 percent because of lower revenue from trading and investment banking. A gauge of homebuilders in S&P indexes slumped 2.6 percent. American Express Co. fell the most in a month, retreating 2.6 percent, following a lower-than-estimated profit forecast. International Business Machines Corp. rallied 3.5 percent after earnings topped projections.
The Standard & Poor’s 500 Index slid 1 percent to 1,282.74 at 2:32 p.m. in New York after a two-day rally of 0.9 percent. The Dow Jones Industrial Average slumped 19.37 points, or 0.2 percent, to 11,818.56 as IBM’s advance limited losses.
The S&P 500 has rallied seven straight weeks as optimism increased that the economy is rebounding and companies beat profit estimates. Seventeen of the 24 companies in the index that reported quarterly earnings since Jan. 10 have topped analysts’ predictions, according to Bloomberg data. Income grew 22 percent in the fourth quarter and will increase 14 percent in 2011, according to the average analyst projections. Sales topped estimates at 18 of the 24.

20.01.2011 08:42

Forex: Wednesday's review

20.01.2011 07:44

Tech on USD/JPY

Market Focus

  • US nonfarm payrolls rise more than expected in July
  • Canada’s merchandise trade deficit widens in June
  • Canada unemployment rate falls to lowest level since October 2008
  • Canada Ivey PMI falls less than expected in July
August 2017
  • 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

  • © 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
Request a callback
Top Page