Every day Alin Puian summarises the markets at open and close,
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In European Equity
Markets stocks were little changed near a
five-year high after Federal Reserve Chairman Ben S. Bernanke
signalled the central bank will maintain stimulus measures to
support the U.S. economic recovery. Glencore Xstrata Plc
led a rally in mining companies as base metals rose. Metro AG
jumped 10 percent after Morgan Stanley recommended that investors
buy the German retailer for the first time in a decade. Pandora A/S
lost 11 percent after Prometheus cut its holding in the Danish
maker of jewellery. National benchmark indexes ...
In European Equity
Markets stocks declined from their highest
level in almost five years before Federal Reserve
Chairman Ben S. Bernanke testifies on the
outlook for the world's biggest economy. U.S. futures climbed,
while Asian stocks were little changed. Wm Morrison
Supermarkets Plc lost 2.2 percent after UBS AG placed shares on
behalf of an institutional seller. Pandora A/S tumbled 10 percent
after Prometheus cut its holding in the Danish maker of jewellery.
Metro AG jumped 5.7 percent after Morgan Stanley recommended that
investors buy s...
In Asian Equity
Markets stocks held gains, with the
regional benchmark index headed for its highest close since June
2008, after the Bank of Japan maintained
its plan to expand the monetary base. Sony Corp.
(6758) surged 7.4 percent in
Tokyo after a person familiar with the matter said the
company's board will evaluate spinning off its entertainment
division. Sojitz Corp., a Japanese importer of rare-earth metals,
surged 13 percent after the Nikkei reported the trading company's
profit will rise. Seven West Media ...
In European Equity
Markets stocks erased losses in the final
minutes of trading as Federal Reserve Bank of St. Louis
President James Bullard said the U.S.
central bank should continue its bond-buying
program. Marks & Spencer Group Plc rallied the most
in two months after saying it will reduce capital
spending to boost profit margins. Burberry Group Plc
climbed to a one-year high as the U.K.'s largest luxury-goods maker
reported earnings that beat estimates. Carnival Corp., the world's
largest cruise operator, slid the mos...
In European Equity
Markets stocks retreated from the highest
level in almost five years as Carnival Corp. led travel companies
lower after cutting its forecasts. Asian shares fell while U.S.
index futures were little changed. Carnival, the world's
largest cruise operator, slid 13 percent for the biggest drop in 16
months. Daimler AG declined 3 percent as a gauge of
automakers fell from the highest close since 2007. Marks
& Spencer Group Plc advanced to a five-year high after saying
it will reduce capital spending in an effort to boo...
In Asian Equity
Markets stock index swung between gains
and losses as Australian banks fell and Goldman Sachs Group Inc.
sold a $1.1 billion stake in Industrial &
Commercial Bank of China Ltd., offsetting a surge in Japanese
utilities. ICBC, the world's largest lender by market
value, sank 2 percent in Hong Kong. Westpac Banking
Corp. (WBC) and Commonwealth Bank of
Australia, the two biggest Australian lenders, each slid at
least 1.2 percent as minutes of this month's central bank meeting
highlighted concern about busine...
In European Equity
Markets stocks advanced, extending the
Stoxx Europe 600 Index's highest level
since June 2008, as the region's carmakers
rallied. Peugeot SA and Volkswagen AG both gained more
than 3 percent as Morgan Stanley raised its recommendation on
European automobile companies. Ryanair Holdings Plc jumped the most
in more than 1 1/2 years as Europe's largest low-cost carrier said
full-year profit rose 13 percent. Fresnillo Plc slid 3.3 percent as
silver slumped to its lowest price since October
2010. National benchmark indexes ...
In European Equity
Markets stocks were little changed, following
four consecutive weeks of gains for the benchmark Stoxx Europe 600
Index. U.S. index futures fluctuated, while Asian shares
rallied. Ryanair (RYA) Holdings Plc jumped the most
in 15 weeks after Europe's largest low-cost carrier posted a 13
percent increase in full-year profit. Rheinmetall AG climbed for a
third day after Deutsche Bank AG upgraded the shares. Peugeot SA
led a gauge of carmakers to the biggest advance on the Stoxx 600.
Fresnillo Plc slid 4.2 percent as silver slumped t...
In Asian Equity
Markets stocks rose the first time in
three days, with a regional gauge set for the highest close since
June 2008, after U.S. consumer sentiment beat estimates and Tokyo
Electric Power Co. led Japanese utilities higher. Li &
Fung Ltd. (494), a supplier of toys and clothing that gets 63
percent of its sales in the U.S., gained 2 percent in
Hong Kong. Osaka Gas Co. advanced to the highest in more than
five years after the U.S. conditionally approved a
Texas liquefied natural gas project partially owned by
the ene...
In Emerging
Markets stocks capped their first weekly
decline in a month as the longest slide in gold since 2009 dragged
down producers. Russian shares surged. Harmony Gold Mining Co.
(HAR) and Gold Fields (GFI) Ltd.
tumbled at least 5.6 percent in Johannesburg. Synnex
Technology International Corp. (2347) retreated 5.2
percent in Taipei as HSBC Holdings Plc cut its rating on the
shares. The Micex Index (INDEXCF) jumped as
EON Russia, a unit of Germany's largest utility,
announced plans to pay out all of last ...
In European Equity
Markets stocks climbed to their highest level
in almost five years as a report showed that U.S.
consumer confidence rose more than economists had
predicted, while banks and carmakers increased. Lloyds Banking
Group Plc (LLOY) climbed above the price at which the
U.K. government has said it will break even on its 39 percent stake
in the lender. European carmakers rose to their highest level since
November 2007 as vehicle sales in the region increased for the
first time in 19 months. FLSmidth & Co. A/S sank 9.7 perc...
In European Equity
Markets stocks dropped for a second day as a
Federal Reserve policy maker said the central bank may reduce its
monthly bond purchases as early as this summer. U.S. index futures
advanced, while Asian shares retreated. FLSmidth &
Co. A/S sank 5.9 percent after Europe's biggest
maker of cement-production lines said it signed fewer large orders.
A.P. Moeller-Maersk A/S added 1.2 percent after its
container-shipping business, the world's largest, posted quarterly
profit that beat analysts' predictions. The Stoxx Europe
600...
In Asian Equity
Markets stock index is poised for a second
weekly advance after Japan's Topix Index
rebounded near a 2008 high as leasing companies rallied on a report
Prime Minister Shinzo Abe will encourage the practice to to
revive capital spending. Orix Corp.,
which provides leasing and loans, jumped 9.5 percent in
Tokyo. Mizuno Corp. (8022) surged 19
percent after the Japanese sportswear company more than doubled its
net-income forecast. Singapore Airlines Ltd. dropped 3.9 percent
after posting a wider operating loss.&n...
In Emerging
Markets stocks rose as better-than-estimated
earnings at Tencent (700)Holdings Ltd. spurred a
rally in technology shares. Russian stocks fell for a fifth day as
commodity producers slumped. Tencent,
China's largest Internet company by revenue, surged to a
record in Hong Kong, while NHN Corp. (035420),
South Korea's biggest search-engine operator, jumped 7.5 percent
in Seoul. OAO Novolipetsk Steel, a Russian
steelmaker, plunged in London and Asseco
Poland SA, a Polish software maker, led declines in Warsaw ...
In European Equity
Markets stocks were little changed, after the
benchmark Stoxx Europe 600 Index yesterday extended its highest
level since June 2008. Zurich Insurance Group AG
(ZURN) lost 3.3 percent after reporting earnings that
missed estimates. Suedzucker AG
(SZU) tumbled 6.7 percent after forecasting full-year
operating profit will decline. Cie. Financiere Richemont SA jumped
7.6 percent after full-year earnings beat analysts'
estimates. National benchmark indexes retreated in 12 of
the 18 western-European markets. The U.K.'s...
In European Equity
Markets stocks declined for the first time in
three days, sending the Stoxx Europe 600 Index down from its
highest level since June 2008. U.S. index futures were little
changed, while Asian shares fell. Zurich Insurance Group
AG lost 3.5 percent after reporting earnings that missed
forecasts.Vivendi SA (VIV) dropped 2.5 percent
after Activision Blizzard Inc. was said to have shelved a plan to
buy back shares held by its French parent. Cie. Financiere
Richemont SA surged to its highest price in at least 23 years after
full-year ...
In Asian Equity Markets stocks fell
as a decline in Japanese banks after forecasting lower earnings
offset a report that Japan's economy expanded faster than
analysts estimated in the first quarter. Mitsubishi UFJ
Financial Group Inc. sank 2.9 percent, leading Japanese lenders
lower.Daewoo Shipbuilding (042660) & Marine Engineering
Co., South Korea's third-biggest shipbuilder, fell 10 percent as
first-quarter profit plunged. Dai-ichi Life Insurance Co.
(8750), Japan's second-largest life insurer, jumped 7.3 percent
after project...
In Emerging
Markets stocks rose, led by health-care and
consumer shares, as India's benchmark measure surged to the highest
level in more than two years. Mortgage
company Housing Development Finance Corp.
(HDFCB) rallied to a record, while a gauge of Indian
lenders rose to the highest level since 2010 on speculation the
central bank will cut banks' reserve requirements. The Shanghai
Composite Index climbed for the first time in three days, while
Rossi Residencial SA led a gain in Brazil's Ibovespa. Russian
shares dropped the most in four wee...
In European Equity
Markets stocks rose, extending their highest
level since June 2008, after the Bank of
England raised its growth forecast for Europe's
third-biggest economy. EasyJet Plc (EZJ) led a
gauge of travel companies higher after the low-cost airline said it
will deliver improved returns and profitability for the full year.
TUI AG added 4 percent after announcing plans to generate 1 billion
euros ($1.3 billion) of profit by 2015. Commerzbank AG surged 12
percent on the first day that it offered new shares to
investors. Nat...
In European Equity
Markets stocks advanced, extending their
highest level since June 2008, as Bank of
England Governor Mervyn
King predicted that a recovery for the U.K. economy is
within sight. Commerzbank AG surged 14 percent on the
first day that it offered new shares to investors. ThyssenKrupp AG
climbed 3 percent after Germany's biggest
steelmaker reported earnings that exceeded estimates. ITV Plc slid
3 percent after the broadcaster said that net advertising revenue
from its family of channels will fall in the first
h...
In Asian Equity
Markets stocks rose as
Japan's Nikkei 225 Stock Average
climbed above 15,000 for the first time since January 2008 after
the yen touched a 4 1/2-year low against the dollar, boosting the
earnings outlook for exporters. Sony Corp. surged 12
percent as billionaire Danie Loeb pushed for the initial public
offering of the Japanese electronics maker's entertainment
business. Toyota Motor Corp. (7203), the world's
biggest carmaker, climbed 2.6 percent in Tokyo.
Neptune Orient Lines Ltd. rose 1.8 percent in Si...
In Emerging
Markets stocks rose for the first time in four
days, led by consumer companies. The Borsa Istanbul National 100
index climbed to a record, while Chinese shares declined the most
in three weeks on property concerns. Turkey's Akfen Holding
AS (AKFEN) jumped as its airport construction unit won a $400
million project abroad. Telekomunikacja Polska SA rose to a
three-month high in Warsaw. South Korean stocks gained the most
in Asia, led by exporters, as an earlier rally of the yen
eased concern about loss of competitiveness to Japanese
riv...
In European Equity
Markets stocks advanced as companies
from ICAP (IAP) Plc to European Aeronautic
Defence & Space Co. rallied after reporting earnings,
offsetting German investor sentiment that gained less than forecast
in May. ICAP Plc surged the most in four years after
posting full-year profit that exceeded its previous forecast. EADS
advanced 3 percent after earnings beat analysts' projections. Anglo
American Plc and Glencore Xstrata Plc each retreated at least 1.5
percent as JPMorgan Chase & Co. cut its forecast
for China...
In European Equity
Markets stocks declined for a second day, led
by a retreat in mining shares, as concern grew
China's economy will slow and German investor sentiment
gained less than estimated in May. U.S. futures fell, while Asian
shares rose. Anglo American Plc and Rio Tinto Group each
lost at least 2 percent as JPMorgan Chase & Co. cut its
forecast on China's economic growth. Commerzbank AG retreated to
its lowest price in more than two decades after asking shareholders
for 2.5 billion euros ($3.25 billion) in its fifth capital increase
...
In Asian Equity
Markets stocks rose, with the regional
benchmark index heading for a second day of gains, asTokyo
Electric (9501) Power Co. led utility shares
higher. Tokyo Electric jumped 17 percent after the
Yomiuri newspaper quoted Prime Minister Shinzo Abe as saying
the Japan's No. 1 utility shouldn't take the
full blame for the Fukushima nuclear crisis. Citizen
(7762) Holdings Co. climbed 3.9 percent in Tokyo after
the maker of watches and machine tools posted profit that beat
estimates. LG Electronics Inc. (0...
In Emerging
Markets stocks fell a third day, set for the
longest drop in a month, as Chinese industrial output trailed
estimates and India's trade deficit widened.
Brazilian homebuilder Gafisa SA led losses on the
Ibovespa. Cnooc Ltd. (883), China's
largest offshore energy explorer, slid 2.4 percent in
Hong Kong, while Tata Steel Ltd. (TATA),
India's biggest maker of the alloy, had the biggest decline since
March. OAO Mechel sank 4.7 percent in Moscow as first-quarter coal
production fell. Brazilian shares fell a four...
In European Equity
Markets stocks declined from the highest
level in almost five years as bank and airline shares retreated,
overshadowing better-than-forecast retail sales data in the
U.S. Commerzbank AG sank the most in two months after
Handelsblatt reported the lender will sell new shares this
week. Standard Chartered Plc dropped to a
four-month low as Carson Block, the short seller
who runs Muddy Waters LLC, said he's betting against the bank's
debt. Air France-KLM Group fell 4.3 percent. Lonmin Plc rallied 3.1
perc...
In European Equity
Markets stocks declined from their highest
level in almost five years before a report that may show U.S.
retail sales fell in April for a second month. U.S. index futures
declined, while Asian shares rose. Commerzbank AG fell
4.5 percent after Handelsblatt reported the lender will sell new
shares this week. Standard Chartered Plc
dropped 4.4 percent as Carson Block, the short
seller who runs Muddy Waters LLC, said he's betting against the
bank's debt. Lonmin Plc rose 5.6 percent after returning to prof...
In Asian Equity
Markets regional benchmark
stock index headed for its first advance in three days,
driven by a rally in Japanese exporters after the yen weakened past
102 versus the dollar. Stocks
outsideJapan declined. Toyota Motor Corp.
(7203), the world's biggest carmaker, climbed 4.1 percent
in Tokyo. Panasonic Corp. jumped 9 percent after
Japan's second-largest television maker predicted it will return to
profitability this fiscal year. Hyundai Merchant Marine Co., South
Korea's No. 1 shipping line, dropped 7 perce...
In European Equity Markets
stocks hit 2013 records on Friday, extending gains into
a fourth straight day, as German stocks climbed to an all-time high
after upbeat trade data raised hopes Europe's largest economy is
picking up. The Stoxx Europe 600 index
gained 0.4% to 304.99, marking the highest closing level
since June 2008. The index further eked out a 1.3% gain
on the week, marking a three-week winning
streak. ArcelorMittal SA climbed
3.9% after the steel manufacturer affirmed its
full-year earnings outlook&n...
In European Equity
Markets stocks gained, extending the Stoxx
Europe 600 Index's highest level since June 2008, as companies
including ArcelorMittal and BT Group Plc posted
better-than-expected results and German exports increased in March.
U.S. index futures and most Asian shares
advanced. ArcelorMittal, the world's biggest steelmaker,
climbed the most in almost eight months. BT jumped to its highest
price since November 2007 as fourth-quarter profit beat analysts'
estimates. Assicurazioni Generali SpA, Italy's largest insurer,
rose 1.7 pe...
In Asian Equity
Markets stocks rose, with Japan's Topix
Index headed for a 4 1/2 year high as the yen weakened beyond 100
per dollar, boosting the earnings outlook for exporters. Nikon
Corp. (7731), a camera manufacturer that gets 85 percent of
sales outside Japan, soared 15 percent as its earnings forecast
topped analyst estimates. Sharp Corp. jumped 7.6 percent, bringing
this week's advance to 35 percent, as the Asahi newspaper reported
the Japanese maker of TVs will cut 5,000 jobs. Mighty River Power
Ltd. jumped 4.8 percent on its tra...
In European Equity
Markets stocks were little changed, after the
benchmark Stoxx Europe 600 Index rose to its highest level since
June 2008. Snam SpA (SRG) dropped the most in
almost a year as Eni SpA sold an 11.7 percent stake in the owner of
Italy's biggest natural-gas network. Wm Morrison Supermarkets Plc
tumbled the most in 14 months. Experian Plc jumped to a record
after the world's largest credit-checking company raised its
dividend and announced a share buyback. National
benchmark indexes fell in five of the 10 western-Europe...
In European Equity
Markets stocks fell from their highest level
since June 2008 as investors awaited the Bank of England's decision
on continuing economic stimulus. U.S. index futures were little
changed, while Asian shares slid. Snam SpA
(SRG) dropped to a two-week low as Eni SpA sold an 11.7
percent stake in the owner of Italy's biggest
natural-gas network. Wm Morrison Supermarkets Plc lost the most in
a month as first-quarter sales fell. Experian Plc jumped to a
record after raising its dividend and announcing a share
buyback.&...
In Asian Equity
Markets stocks fell, with the regional
benchmark index retreating from a five-year high. Japan's Topix
Index erased gains as the yen strengthened, dimming the outlook for
the nation's exporters. Canon Inc. (7751), which loses
almost $80 million for every 1 yen Japan's currency gains against
the dollar, fell 1.3 percent. Bridgestone Corp., the world's
biggest tire maker, sank 6.3 percent in
Tokyo after keeping its full-year profit forecast below
analyst estimates. GS Engineering & Construction Corp. rose 6.7...
In European Equity
Markets stocks climbed, with the
Stoxx Europe 600 Index extending its
highest level since June 2008, as companies from ING
Groep NV (INGA) to Deutsche Telekom AG
(DTE) posted quarterly earnings that beat
estimates. ING added 3.1 percent as it also said it will
bring forward the sale of a stake in its European insurer. Deutsche
Telekom jumped the most since July. Delhaize Group SA rose 1.4
percent after saying its chief executive officer will step down by
the end of this year. Standard...
In European Equity
Markets stocks climbed, with the
Stoxx Europe 600 Index extending its
highest level since June 2008, as companies from ING
Groep NV (INGA) to Deutsche Telekom AG
(DTE) posted quarterly earnings that beat estimates.
U.S. index futures were little changed, while Asian shares
gained. ING added 2.4 percent as it also said it will
bring forward the sale of a stake in its European insurer. Deutsche
Telekom jumped 3.3 percent. Delhaize Group SA rose 2.9 percent
after saying its chief executive off...
In Asian Equity
Markets stocks advanced for a third day,
with the regional benchmark index rising to a five-year high,
as China's exports topped estimates and
companies including HSBC Holdings (5) Plc
posted earnings that cheered investors. Komatsu Ltd.
(6301), the world's second-biggest maker of construction and
mining equipment, advanced 4.4 percent in Tokyo,
leading industrial companies higher. HSBC Holdings gained 1.5
percent in Hong Kong after the lender beat analysts' estimates for
profit.Toshiba Corp. (6502...
In European Eqiuty
Markets stocks climbed, extending a near
five-year high for the region's benchmark gauge, as financial
companies from HSBC Holdings Plc (HSBA) to
Allianz SE reported results that topped analysts'
estimates. HSBC, Europe's biggest bank,
Societe Generale SA (GLE), France's
second-largest lender, and Germany's Commerzbank AG each climbed at
least 2.6 percent after posting results. Allianz gained 3.6 percent
after Europe's largest insurer reported a jump in
profit. Alstom SA (ALO) sank 12...
In European Equity
Markets stocks climbed, with the region's
benchmark gauge trading near a five-year high, as banks
from Societe Generale SA (GLE) to
Commerzbank AG reported results that topped analyst estimates. U.S.
index futures were little changed, while Asian shares
advanced. Societe Generale and Commerzbank climbed
at least 1.1 percent after posting first-quarter
earnings. Carlsberg A/S (CARLB) rallied 2.1
percent in Copenhagen after the brewer reported results that beat
forecasts. The Stoxx ...