• Stocks: Thursday’s review

Market news

28 September 2012

Stocks: Thursday’s review

 

 

Asian stocks rose as a drop in Chinese industrial profits increased pressure on Premier Wen Jiabao to step up measures to support growth in the world’s second-largest economy.

Nikkei 225 8,949.87 +43.17 +0.48%

S&P/ASX 200 4,384.2 +22.60 +0.52%

Shanghai Composite 2,052.2 +48.03 +2.40%

China Overseas Land & Investment Ltd., the country’s biggest developer by market value listed in Hong Kong, rose 1.7 percent.

Renesas Electronics Corp. advanced 1.3 percent after Kyodo reported a government-backed counter offer for the Japanese chipmaker may be double a bid by KKR & Co.

Nitori Holdings Co. fell 8.6 percent in Tokyo after the furniture retailer reported profit that missed analyst estimates.


European (SXXP) shares rose after falling to a minimum value for the most recent two months yesterday on speculation China, which may announce new stimulus measures to support economic growth and after the Spanish government presented its budget for 2013.

Shares of Credit Agricole SA (ACA) rose 3.9% after the bank said that he could quickly sell their Greek unit. Cost Opap SA (OPAP) jumped 3% after the Greek national fund of published calls for expressions of interest in the state share of the company. Shares of Hennes & Mauritz AB (HMB), which is the second-largest clothing retailer in Europe fell by 5.8%, after it became known that the profit in the third quarter was below analysts' forecasts.

Stoxx Europe 600 Index added 0.4% to 271.83. European stocks were up 8.2% so far this quarter, and sent to the largest quarterly increase since 2009. Index rose by 16% from the lowest level this year, which was recorded on June 4, after the European Central Bank has agreed to purchase an unlimited amount of assets, and the Federal Reserve announced a third round of quantitative easing.

FTSE 100 5,770.85 +2.76 +0.05% CAC 40 3,432.81 +17.97 +0.53% DAX 7,279.86 +3.35 +0.05%


Major U.S. stock indexes finished the session a significant growth amid optimism associated with Spain

Index showed growth amid reports the People's Bank of China on the introduction of a record amount of liquidity this week, aimed at maintaining economic growth. NSC held on Tuesday 28-day reverse repo by 190 billion yuan and 140-day to 100 billion yuan. The total volume was the highest for a single day for the whole monitored period - from 2004.

Market participants also reacted positively to the budget provided by the Spanish in 2013, and a package of structural reforms, which are now regarded as positive, and increase the likelihood that Ireland will receive their financial help.

Constrain the growth index weak macroeconomic data that did not meet expectations. Thus, data on orders for durable goods fell in August of 13.2% with expectations of a decline of 4.3%. GDP data were revised downward: from 1.7% to 1.3%. Several situation brightened data on the number of initial claims for unemployment benefits - an indicator out at 359 thousand vs. 378 thousand

As a part of most of the components of the index DOW grow. In red are the shares of only 6 companies. Lead stocks General Electric Company (GE, +2,92%). Fell more than the rest in the stock price AT & T, Inc. (T, -0,34%),.

All of the major economic sectors, except one, grow up. More than other sectors of manufactured goods rose (+1.4%). In the red is only utilities sector (-0.2%).

At the close:

Dow +73.3 13,486.81 +0.55%

Nasdaq +42.90 3,136.60 +1.39%

S & P +13.85 1,447.17 +0.97%

Market Focus
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