Major U.S. stock indexes rose on Monday morning of Apple's (AAPL.O) results after the close, but after 10AM went down. Investors this week will be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked.
Most of the Dow stocks are trading in negative area (18 of 30). Top looser - UnitedHealth Group Incorporated (UNH, -1.74%). Top gainer -E. I. du Pont de Nemours and Company (DD, +4.29%).
S&P index sectors are moving mixed. Top gainer - Basic materials (+0,8%). Top looser- Healthcare (-1.3%).
At the moment:
Dow 17985.00 -32.00 -0.18%
S&P 500 2107.25 -4.50 -0.21%
Nasdaq 100 4525.50 -3.75 -0.08%
10-year yield 1.93% +0.01
Oil 57.11 -0.04 -0.07%
Gold 1205.20 +30.20 +2.57%
Stock indices closed higher on news that the Greek Prime Minister Alexis Tsipras reshuffled his team negotiating with European and IMF creditors on Monday. Deputy Foreign Minister, Euclid Tsakalotos, was appointed co-coordinator of the team.
Friday's Eurogroup meeting ended without any results as widely expected. Discussions between the Greek government and its creditors will continue at the next Eurogroup meeting on May 11.
The head of the Eurogroup Jeroen Dijsselbloem rejected the idea of a "Plan B" for Greece if the debt talks are not successful.
The idea was raised by ministers from Slovenia, Slovakia and Lithuania at the Eurogroup's meeting on Friday.
The Prime Minister Alexis Tsipras held phone calls with German Chancellor Angela Merkel and Dijsselbloem on Sunday to discuss speeding up the negotiations. According to the Greek government, Greece will resume talks with its creditors today.
German Finance Minister Wolfgang Schaeuble hinted on Saturday that Germany was preparing for a possible Greek default.
Indexes on the close:
Name Price Change Change %
FTSE 100 7,103.98 +33.28 +0.47 %
DAX 12,039.16 +228.31 +1.93 %
CAC 40 5,268.91 +67.46 +1.30 %
Markit Economics released its preliminary services purchasing managers' index (PMI) for the U.S. on Monday. The U.S. preliminary services purchasing managers' index (PMI) declined to 57.8 in April from 59.2 in March, beating expectations for a decrease to 57.4.
A reading above 50 indicates expansion in economic activity.
The decline was driven by a decrease in new business growth.
The Markit Chief Economist Chris Williamson said that "he economy as a whole picking up speed again after a temporary soft patch at the start of the year".
The preliminary employment at service companies climbed to 55.4 in April from 54.0 in March.
German IW economic institute released its growth forecast for Germany on Monday. Germany's economy is expected to expand at around 2.25% in 2015.
The growth will be driven by "numerous positive special effects" such as low oil prices, low interest rates and a weaker euro.
The director of the IW economic institute Michael Huether noted that these "positive special effects" are short-lived.
The German government expects the economy to grow 1.8%.
Stock futures were moving higher on Monday, extending a record run for the S&P 500 and Nasdaq, as markets awaited a busy week of earnings and a meeting of the Federal Reserve.
Global markets:
Nikkei 19,983.32 -36.72 -0.18%
Hang Seng 28,433.59 +372.61 +1.33%
Shanghai Composite 4,528.1 +134.42 +3.06%
FTSE 7,119.34 +48.64 +0.69%
CAC 5,262.02 +60.57 +1.16%
DAX 12,016.39 +205.54 +1.74%
Crude oil $56.86 (-0.49%)
Gold $1185.90 (+0.92%)
(company / ticker / price / change, % / volume)
Yandex N.V., NASDAQ | YNDX | 20.68 | +0.05% | 8.6K |
Boeing Co | BA | 148.61 | +0.14% | 0.3K |
General Electric Co | GE | 26.84 | +0.15% | 33.9K |
Google Inc. | GOOG | 566.05 | +0.18% | 59.0K |
Citigroup Inc., NYSE | C | 53.00 | +0.19% | 4.4K |
ALCOA INC. | AA | 13.25 | +0.23% | 0.2K |
JPMorgan Chase and Co | JPM | 62.75 | +0.24% | 1.2K |
International Paper Company | IP | 53.81 | +0.26% | 0.7K |
Goldman Sachs | GS | 198.53 | +0.27% | 0.4K |
The Coca-Cola Co | KO | 41.00 | +0.27% | 0.4K |
E. I. du Pont de Nemours and Co | DD | 71.72 | +0.28% | 0.7K |
Cisco Systems Inc | CSCO | 28.91 | +0.31% | 16.5K |
Intel Corp | INTC | 32.18 | +0.31% | 2.5K |
Ford Motor Co. | F | 15.82 | +0.32% | 6.5K |
General Motors Company, NYSE | GM | 35.74 | +0.42% | 8.7K |
UnitedHealth Group Inc | UNH | 119.20 | +0.43% | 0.9K |
Pfizer Inc | PFE | 35.44 | +0.48% | 3.2K |
Yahoo! Inc., NASDAQ | YHOO | 44.87 | +0.79% | 7.2K |
Merck & Co Inc | MRK | 58.06 | +0.80% | 0.5K |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 21.00 | +0.86% | 4.3K |
Tesla Motors, Inc., NASDAQ | TSLA | 220.45 | +0.93% | 15.4K |
Walt Disney Co | DIS | 111.00 | +1.34% | 13.5K |
Apple Inc. | AAPL | 132.27 | +1.53% | 1.3M |
Barrick Gold Corporation, NYSE | ABX | 12.72 | +1.60% | 17.0K |
AT&T Inc | T | 34.01 | 0.00% | 21.8K |
Visa | V | 67.48 | 0.00% | 1.9K |
Caterpillar Inc | CAT | 84.60 | 0.00% | 11.5K |
Chevron Corp | CVX | 109.87 | 0.00% | 5.0K |
Exxon Mobil Corp | XOM | 86.97 | 0.00% | 6.5K |
Home Depot Inc | HD | 113.70 | 0.00% | 3.3K |
International Business Machines Co... | IBM | 169.78 | 0.00% | 0.6K |
Johnson & Johnson | JNJ | 101.08 | 0.00% | 0.6K |
Wal-Mart Stores Inc | WMT | 79.84 | 0.00% | 0.2K |
Deere & Company, NYSE | DE | 88.39 | 0.00% | 0.1K |
Facebook, Inc. | FB | 81.53 | 0.00% | 95.1K |
Hewlett-Packard Co. | HPQ | 33.25 | -0.03% | 0.1K |
Verizon Communications Inc | VZ | 49.95 | -0.16% | 1.8K |
Twitter, Inc., NYSE | TWTR | 50.73 | -0.18% | 232.1K |
Amazon.com Inc., NASDAQ | AMZN | 444.20 | -0.20% | 32.0K |
Procter & Gamble Co | PG | 80.77 | -0.28% | 9.9K |
American Express Co | AXP | 77.70 | -0.37% | 7.5K |
Starbucks Corporation, NASDAQ | SBUX | 51.65 | -0.37% | 14.1K |
Microsoft Corp | MSFT | 47.57 | -0.63% | 85.2K |
Destatis released its import prices data for Germany on Monday. German import prices declined by 1.4% in March from last year, after a 3% fall in February.
Import prices decline since January 2013.
On a monthly base, import prices increased 1% in March, after a 1.4% in February.
On a monthly base, import prices excluding crude oil and mineral oil products climbed by 1% in March.
Export prices climbed to 1.4% year-on-year in March from 0.7% in February.
On a monthly base, export prices rose 0.6% in March.
Upgrades:
Downgrades:
Procter & Gamble (PG) downgraded from Outperform to Underperform at Credit Agricole
Amazon (AMZN) downgraded from Buy to Hold at Argus
American Express (AXP) downgraded from Buy to Neutral at Nomura
Twitter (TWTR) downgraded from Buy to Neutral at Sun Trust Rbsn Humphrey, target lowered from $58 to $50
Other:
Apple (AAPL) initiated at Buy at Brean Capital, target $160
Walt Disney (DIS) reiterated at Buy at Citigroup, target raised $110 to $125
April 27
After the Close:
Apple (AAPL. Consensus EPS $2.16, Consensus Revenue $56102.92 mln.
Barrick Gold (ABX). Consensus EPS $0.09, Consensus Revenue $2348.49 mln.
April 28
Before the Open:
Ford Motor (F). Consensus EPS $0.26, Consensus Revenue $33896.16 mln.
Pfizer (PFE). Consensus EPS $0.49, Consensus Revenue $10712.47 mln.
Merck (MRK). Consensus EPS $0.75, Consensus Revenue $9056.97 mln.
April 29
After the Close:
Baidu.com (BIDU). Consensus EPS $1.13, Consensus Revenue $2076.18 mln.
April 30
Before the Open:
Exxon Mobil (XOM). Consensus EPS $0.84, Consensus Revenue $62681.42 mln.
After the Close:
American Intl (AIG). Consensus EPS $1.19, Consensus Revenue $5228.00 mln.
Visa (V). Consensus EPS $0.62, Consensus Revenue $3338.69 mln.
May 1
Before the Open:
Chevron (CVX). Cредний прогноз: EPS $0.80, Consensus Revenue $33965.01 mln.
The Confederation of British Industry (CBI) released its industrial order books balance on Monday. The CBI industrial order books balance rose to +1% in April from +0% in March.
The increase was driven by a higher output and new orders expectation.
In the first quarter of 2015, the balance of firms reporting a rise in order books was at 13%.
The CBI Deputy Director-General Katja Hall said that manufacturers in the U.K. expect the growth to continue.
"Exports keep dragging at the heels of growth: firms are finding the recent rise in the Pound against the Euro challenging, making them less competitive in Europe, while the unravelling situation in Greece is creating uncertainty," Hall said.
Stock indices traded lower on the Greek debt crisis. Friday's Eurogroup meeting ended without any results as widely expected. Discussions between the Greek government and its creditors will continue at the next Eurogroup meeting on May 11.
The head of the Eurogroup Jeroen Dijsselbloem rejected the idea of a "Plan B" for Greece if the debt talks are not successful.
The idea was raised by ministers from Slovenia, Slovakia and Lithuania at the Eurogroup's meeting on Friday.
The Prime Minister Alexis Tsipras held phone calls with German Chancellor Angela Merkel and Dijsselbloem on Sunday to discuss speeding up the negotiations. According to the Greek government, Greece will resume talks with its creditors today.
German Finance Minister Wolfgang Schaeuble hinted on Saturday that Germany was preparing for a possible Greek default.
Current figures:
Name Price Change Change %
FTSE 100 7,049.51 -21.19 -0.30 %
DAX 11,785.1 -25.75 -0.22 %
CAC 40 5,154.25 -47.20 -0.91 %
Fitch Ratings has downgraded Japan's rating to 'A' from 'A+' on Monday. The outlook is stable.
The downgrade was driven by the lack of "sufficient structural fiscal measures" in the Japanese government's budget for the fiscal year ending March 31, 2016 (FY15) "to replace a deferred consumption tax increase".
Fitch placed Japan's rating on negative as the Japanese government had decided to delay the scheduled consumption tax rise.
The head of the Eurogroup Jeroen Dijsselbloem rejected the idea of a "Plan B" for Greece if the debt talks are not successful.
The idea was raised by ministers from Slovenia, Slovakia and Lithuania at the Eurogroup's meeting on Friday.
The Prime Minister Alexis Tsipras held phone calls with German Chancellor Angela Merkel and Dijsselbloem on Sunday to discuss speeding up the negotiations. According to the Greek government, Greece will resume talks with its creditors today.
China's National Bureau of Statistics released its industrial profits data for China on Monday. Industrial profits in China fell 2.7% year-over-year in the first quarter of 2015 to 1.25 trillion yuan.
Industrial profits declined 0.4% from a year ago to 508.61 billion yuan.
Mining profits plunged 61% in the first quarter of 2015 from a year earlier, while manufacturing profits rose by 4.9%.
HANG SENG 28,572.9 +511.92 +1.82%
S&P CNX NIFTY 8,248.7 -56.55 -0.68%
S&P/ASX 200 5,982.7 +49.41 +0.83%
TOPIX 1,619.07 +0.23 +0.01%
SHANGHAI COMP 4,523.69 +130.00 +2.96%
(index / closing price / change items /% change)
Hang Seng 28,060.98 +233.28 +0.84 %
S&P/ASX 200 5,933.29 +88.52 +1.51 %
Shanghai Composite 4,394.13 -20.38 -0.46 %
FTSE 100 7,070.7 +17.03 +0.24 %
CAC 40 5,201.45 +22.54 +0.44 %
Xetra DAX 11,810.85 +87.27 +0.74 %
S&P 500 2,117.69 +4.76 +0.23 %
NASDAQ Composite 5,092.09 +36.02 +0.71 %
Dow Jones 18,080.14 +21.45 +0.12 %