Market news
15.08.2012, 06:31

Stocks: Tuesday’s review

 

 

Asian stocks rose as Bank of Japan minutes showed policy makers are considering steps to boost the economy, and before U.S. retail sales data expected to signal demand is recovering in the world’s largest economy.

Nikkei 225 8,929.88 +44.73 +0.50%

S&P/ASX 200 4,292.2 +8.91 +0.21%

Shanghai Composite 2,142.52 +6.45 +0.30%

Yue Yuen Industrial Holdings Ltd., which makes shoes for Nike Inc., rose 1.1 percent in Hong Kong.

Noble Group Ltd., Asia’s biggest-listed commodity supplier, gained 7.2 percent in Singapore after second-quarter profit rose 39 percent.

Swire Properties Ltd. slumped 5.7 in Hong Kong after saying John Swire & Sons Ltd. is selling shares in the commercial landlord.


European stocks gained, rebounding from a two-day decline, as a report showed German growth slowed less than forecast, while minutes revealed that several Bank of Japan policy makers are prepared to stimulate the economy.

Standard Life Plc (SL/) rallied 8.1 percent as first-half profit at Scotland’s biggest insurer rose 15 percent. A.P. Moeller- Maersk A/S advanced 3.2 percent after increasing the full-year forecast for its container-shipping unit. CRH Plc (CRH) plunged 4.8 percent after saying a European sales decline will worsen.

The Stoxx Europe 600 Index (SXXP) gained 0.7 percent to 270.54 at the close.

Germany’s economic growth slowed less in the second quarter than economists had forecast as exports and household spending helped to fend off the impact of the sovereign-debt crisis on Europe’s largest economy. Gross domestic product rose 0.3 percent from the first quarter.

National benchmark indexes advanced in 15 of the 18 western-European markets today.

FTSE 100 5,864.78 +32.90 +0.56% CAC 40 3,450.27 +23.86 +0.70% DAX 6,974.39 +64.71 +0.94%

In Tokyo, minutes of the BOJ’s last meeting showed several board members said the central bank should not dismiss any policy options in combating risks to the economy.

A U.S. Commerce Department release showed that retail sales rose in July more than economists had predicted. They climbed 0.8 percent, their first advance in four months, exceeding the 0.3 percent median estimate of economists.

Standard Life surged 8.1 percent to 277.4 pence as operating profit climbed to 302 million pounds ($474 million) from 262 million pounds a year earlier. That beat the 263 million-pound median prediction of analysts.

Maersk advanced 3.2 percent to 41,880 kroner after reporting that its container business, the world’s largest, returned to profit in the second quarter as freight rates jumped. The company predicted a modest full-year profit for the unit. It had projected a “negative to neutral” result.

Aker Solutions ASA (AKSO) climbed 5.7 percent to 101.50 kroner. The Norwegian oil-services company reported second-quarter profit and sales that beat estimates.

Galp Energia SGPS SA (GALP) rose 1.3 percent to 11.72 euros after Portugal’s biggest oil producer said tests confirmed the presence of good quality crude at a well off the coast of Brazil known as Carcara. Galp holds a 14 percent stake in the consortium exploring the Carcara well.

Hochtief AG (HOT) declined 2.3 percent to 40 euros as Germany’s largest builder said that its profit targets for the year have become more challenging. The company set aside money for a delayed concert-hall project. It posted a second-quarter net loss of 15 million euros.


Even despite the fact that the indices provided support for a stronger-than-expected retail sales data, the current session still ended in the red. In such a dynamic and influenced by the negative statistics from Europe.

Today's data is recorded growth in retail sales in the U.S. at the end of July by 0.8% expected growth rate of 0.4%. The value of the index for June was revised up to -0.7% from -0.5%.

Profit Home Depot (HD) in the second quarter diluted earnings per share exceeded analysts' forecasts, while revenue was lower. Pi, the company raised its earnings forecast for the 2013 fiscal year above the average forecast of the market. Shares of HD today updated the historical high, reaching $ 54.93.

Against the background of the holiday season volumes in the market remain weak.

As part of DOW index most of the components in the red. Below are the remaining shares of Alcoa, Inc (AA, -1,87%). Over the rest of the shares rose in price Home Depot (HD, +3,48%).

Branches in the context of almost all components of the S & P are in the red. The growth shows only the health sector (0.3%), service sector (+0.1%). The greatest reduction in the basic materials sector shows (-0.4%).

At the time of closure:

Dow +2.63 13,172.06 +0.02%

Nasdaq -5.54 3,016.98 -0.18%

S & P -0.14 1,403.97 -0.01%

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location