Most stock indices traded slightly higher due to the better-than-expected ADP jobs report for the U.S. The U.S. economy added 281,000 jobs in June, after an increase of 179,000 jobs in May. That was the highest increase since November 2012. It is a sign that the U.S. labour market is strengthening.
Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.
The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.
The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,816.37 +13.45 +0.20%
DAX 9,911.27 +8.86 +0.09%
CAC 40 4,444.72 -16.40 -0.37%
(company / ticker / price / change, % / volume)
JPMorgan Chase and Co | JPM | 57,23 | -0,59% | 37.3K |
Home Depot Inc | HD | 81,70 | -0,15% | 0.1K |
Pfizer Inc | PFE | 30.07 | -0,07% | 67.3K |
Exxon Mobil Corp | XOM | 101,30 | -0,06% | 0.4K |
Verizon Communications Inc | VZ | 49,35 | -0,04% | 2.7K |
Intel Corp | INTC | 30,97 | -0,03% | 5.2K |
Merck & Co Inc | MRK | 58,50 | -0,02% | 5.3K |
E. I. du Pont de Nemours and Co | DD | 65,41 | 0,00% | 1.1K |
Microsoft Corp | MSFT | 41,87 | 0,00% | 0.3K |
Johnson & Johnson | JNJ | 105,90 | 0,03% | 1.5K |
Wal-Mart Stores Inc | WMT | 75,30 | 0,03% | 5.9K |
International Business Machines Co... | IBM | 186,43 | 0,04% | 1.3K |
The Coca-Cola Co | KO | 42,32 | 0,07% | 0.3K |
Boeing Co | BA | 128,25 | 0,08% | 0.8K |
General Electric Co | GE | 26,42 | 0,08% | 4.4K |
AT&T Inc | T | 35,52 | 0,11% | 0.6K |
Caterpillar Inc | CAT | 109,30 | 0,12% | 0.1K |
Procter & Gamble Co | PG | 79,43 | 0,19% | 9.0K |
Walt Disney Co | DIS | 86,66 | 0,22% | 6.1K |
Goldman Sachs | GS | 167,20 | 0,23% | 0.1K |
Nike | NKE | 78,25 | 0,32% | 8.1K |
Visa | V | 215,00 | 0,35% | 0.5K |
Chevron Corp | CVX | 131,20 | 0,51% | 0.1K |
Cisco Systems Inc | CSCO | 25.03 | 0,56% | 49.0K |
Upgrades:
Downgrades:
Other:
Apple (AAPL) target raised to $115 from $100 at Evercore
Nike (NKE) named Top Overweight idea at Morgan Stanley, target $88
Most stock indices traded higher ahead of the ECB's interest rate decision on Thursday. The European Central Bank cut its interest rate to 0.15% from 0.25% in June.
Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.
The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.
The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.
Current figures:
Name Price Change Change %
FTSE 100 6,823.11 +20.19 +0.30%
DAX 9,918.05 +15.64 +0.16%
CAC 40 4,459.48 -1.64 -0.04%
Asian stock indices increased following gains on Wall Street. The Dow and S&P 500 closed at all-time highs on Tuesday. That are signs that the U.S. economy is improving.
Stock markets were supported by yesterday's strong ISM manufacturing purchase managers' index from the U.S. and Chinese manufacturing purchase managers' index. ISM manufacturing PMI in the U.S. decreased to 55.3 in June from 55.4 in May, missing expectations for a rise to 55.6.
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.
The monetary base in Japan climbed42.6% in June, missing expectations for a 48.3% increase, after a 45.6% rise in May.
Indexes on the close:
Nikkei 225 15,369.97 +43.77 +0.29%
Hang Seng 23,549.62 +358.90 +1.55%
Shanghai Composite 2,059.42 +9.04 +0.44%
(index / closing price / change items /% change)
S&P/ASX 200 5,375.9 -19.85 -0.37%
TOPIX 1,276.08 +13.52 +1.07%
SHANGHAI COMP 2,050.38 +2.05 +0.10%
FTSE 100 6,802.92 +58.98 +0.87%
CAC 40 4,461.12 +38.28 +0.87%
DAX 9,902.41 +69.34 +0.71%
Dow +128.73 16,955.33 +0.77%
Nasdaq +50.47 4,458.65 +1.14%
S&P +12.99 1,973.22 +0.66%