Stock indices increased due to better-than-expected manufacturing data from China and the U.K. and Eurozone's inflation data. The Chinese manufacturing purchase managers' index increased to 51.0 in June from 50.8 in May, in line with expectations.
Eurozone's unemployment rate remained unchanged at 11.6% in May. Analysts had expected an increase to 11.7%.
German unemployment rate remained unchanged at 6.7% in June, in line with expectations.
The German economy lost 9,000 jobs in June. Analysts had expected the economy to add 9,000 jobs.
German final manufacturing purchase managers' index declined to 52.0 in June from 52.3 in May, missing expectations for a rise to 52.4.
French final manufacturing purchase managers' index decreased to 48.2 in June from 49.6 in May, beating expectations for a drop to 47.8.
The U.K. manufacturing purchase managers' index rose to 57.5 in June from 57.0 in May, beating forecasts of a decline to 56.7.
Bilfinger SE shares dropped 19% after lowering its full-year profit forecast.
BNP Paribas SA shares climbed 3.6% after reporting the company will keep its dividend unchanged.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,802.92 +58.98 +0.87%
DAX 9,902.41 +69.34 +0.71%
CAC 40 4,461.12 +38.28 +0.87%
U.S. stock futures rose as a report showed China's manufacturing expanded before the release of U.S. factory data.
Global markets:
Nikkei 15,326.2 +164.10 +1.08%
Hang Seng 23,190.72 -30.80 -0.13%
Shanghai Composite 2,050.38 +2.05 +0.10%
FTSE 6,784.82 +40.88 +0.61%
CAC 4,450.95 +28.11 +0.64%
DAX 9,857.06 +23.99 +0.24%
Crude oil $105.75 (+0.34%)
Gold $1327.70 (+0.42%)
(company / ticker / price / change, % / volume)
Procter & Gamble Co | PG | 78.68 | +0.11% | 0.3K |
American Express Co | AXP | 95.05 | +0.19% | 8.7K |
Wal-Mart Stores Inc | WMT | 75.21 | +0.19% | 16.9K |
Caterpillar Inc | CAT | 108.89 | +0.20% | 4.3K |
Verizon Communications Inc | VZ | 49.05 | +0.25% | 13.7K |
Intel Corp | INTC | 30.98 | +0.26% | 17.7K |
Merck & Co Inc | MRK | 58.01 | +0.28% | 0.7K |
JPMorgan Chase and Co | JPM | 57.39 | +0.30% | 3.7K |
Travelers Companies Inc | TRV | 94.36 | +0.31% | 4.5K |
Cisco Systems Inc | CSCO | 24.93 | +0.32% | 0.1K |
Walt Disney Co | DIS | 86.02 | +0.33% | 3.3K |
Johnson & Johnson | JNJ | 104.99 | +0.35% | 0.1K |
General Electric Co | GE | 26.38 | +0.38% | 0.6K |
Microsoft Corp | MSFT | 41.86 | +0.38% | 1.7K |
AT&T Inc | T | 35.50 | +0.40% | 6.2K |
Pfizer Inc | PFE | 29.80 | +0.40% | 5.4K |
Boeing Co | BA | 127.76 | +0.42% | 5.3K |
3M Co | MMM | 143.24 | 0.00% | 1.2K |
E. I. du Pont de Nemours and Co | DD | 65.44 | 0.00% | 15.2K |
Exxon Mobil Corp | XOM | 100.68 | 0.00% | 1.3K |
Nike | NKE | 77.55 | 0.00% | 3.0K |
Home Depot Inc | HD | 80.96 | 0.00% | 1.6K |
International Business Machines Co... | IBM | 181.27 | 0.00% | 1.7K |
United Technologies Corp | UTX | 115.45 | 0.00% | 1.2K |
The Coca-Cola Co | KO | 42.26 | -0.24% | 0.1K |
Goldman Sachs | GS | 166.29 | -0.69% | 3.7K |
Upgrades:
Downgrades:
Goldman Sachs (GS) downgraded to Mkt Perform from Outperform at Bernstein
Other:
Verizon (VZ) initiated with a Buy at BTIG Research, target $60
Stock indices traded higher after mixed economic data from Eurozone. Eurozone's unemployment rate remained unchanged at 11.6% in May. Analysts had expected an increase to 11.7%.
German unemployment rate remained unchanged at 6.7% in June, in line with expectations.
The German economy lost 9,000 jobs in June. Analysts had expected the economy to add 9,000 jobs.
German final manufacturing purchase managers' index declined to 52.0 in June from 52.3 in May, missing expectations for a rise to 52.4.
French final manufacturing purchase managers' index decreased to 48.2 in June from 49.6 in May, beating expectations for a drop to 47.8.
Bilfinger SE shares dropped 14% after lowering its full-year profit forecast.
Current figures:
Name Price Change Change %
FTSE 100 6,780.06 +36.12 +0.54%
DAX 9,860.94 +27.87 +0.28%
CAC 40 4,451.76 +28.92 +0.65%
Asian stock indices traded higher due to the strong manufacturing data from China. The Chinese manufacturing purchase managers' index increased to 51.0 in June from 50.8 in May, in line with expectations. This is a sign of a recovery in the world's second largest economy.
China's final HSBC manufacturing purchase managers' index declined to 50.7 in June from 50.8 in May. Analysts had forecasted the index to remain unchanged at 50.8.
Japan's Tankan manufacturing index was plus 12 in the second quarter, missing expectations for plus 16, after plus 17 the previous quarter. This was the first decline in six quarters.
Japan's Tankan non-manufacturing index was plus 19 in the second quarter, in line with expectations, after plus 24 the previous quarter.
Japan's average cash earnings climbed 0.8% in May, in line with expectations, after a 0.7% gain in April.
Markets in Hong Kong were closed for holidays.
Indexes on the close:
Nikkei 225 15,326.2 +164.10 +1.08%
Hang Seng closed
Shanghai Composite 2,050.38 +2.05 +0.10%
(index / closing price / change items /% change)
S&P/ASX 200 5,395.7 -49.36 -0.91%
TOPIX 1,262.56 +9.41 +0.75%
SHANGHAI COMP 2,045.41 +9.00 +0.44%
FTSE 100 6,743.94 -13.83 -0.20%
CAC 40 4,422.84 -14.15 -0.32%
DAX 9,833.07 +17.90 +0.18%
Dow -27.45 16,824.39 -0.16%
Nasdaq +10.25 4,408.18 +0.23%
S&P -0.9 1,960.06 -0.05%