Stock
indices declined due to the weaker-than-expected inflation data in the Eurozone
and increasing expectations for further stimulus measures by the European
Central Bank (ECB). Eurozone’s inflation increased 0.5% in May, after a 0.7%
gain in March. Analysts had expected a 0.7% rise. Inflation target by the
European Central Bank (ECB) is 2%.
Investors
are awaiting the ECB will cut interest rates and announce measures to boost
lending to smaller businesses.
The
unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March.
Analysts had expected the unemployment rate remains unchanged.
The number
of unemployed people in Spain decreased by 111,900 in May, after a 111,600
decline in April. Analysts had forecasted a 112,300 drop.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,836.30 -27.80 -0.41%
DAX 9,919.74 -30.38 -0.31%
CAC 40 4,503.69 -12.20 -0.27%
U.S. stock-index futures are mixed as investors awaited data to gauge the strength of the recovery in the world’s biggest economy.
Global markets:
Nikkei 15,034.25 +98.33 +0.66%
Hang Seng 23,291.04 +209.39 +0.91%
Shanghai Composite 2,038.31 -0.91 -0.04%
FTSE 6,818.12 -45.98 -0.67%
CAC 4,501.59 -14.30 -0.32%
DAX 9,907.33 -42.79 -0.43%
Crude oil $102.51 (+0.04%)
Gold $1245.20 (+0.09%)
(company / ticker / price / change, % / volume)
Nike | NKE | 76.90 | +0.23% | 0.6K |
United Technologies Corp | UTX | 117.68 | +0.24% | 4.0K |
Travelers Companies Inc | TRV | 94.38 | +0.71% | 0.1K |
Chevron Corp | CVX | 122.21 | 0.00% | 0.1K |
Home Depot Inc | HD | 80.37 | 0.00% | 0.1K |
Pfizer Inc | PFE | 29.70 | -0.03% | 0.7K |
Walt Disney Co | DIS | 84.23 | -0.05% | 0.1K |
Boeing Co | BA | 135.78 | -0.09% | 0.1K |
International Business Machines Co... | IBM | 185.45 | -0.13% | 0.5K |
Microsoft Corp | MSFT | 40.71 | -0.20% | 1.6K |
3M Co | MMM | 142.00 | -0.22% | 0.1K |
Exxon Mobil Corp | XOM | 99.71 | -0.23% | 1.0K |
Merck & Co Inc | MRK | 57.79 | -0.24% | 1.2K |
The Coca-Cola Co | KO | 40.76 | -0.24% | 2.3K |
Procter & Gamble Co | PG | 80.16 | -0.25% | 2.8K |
Johnson & Johnson | JNJ | 101.90 | -0.26% | 0.9K |
Goldman Sachs | GS | 159.60 | -0.27% | 1.4K |
JPMorgan Chase and Co | JPM | 55.15 | -0.36% | 0.1K |
Intel Corp | INTC | 27.16 | -0.37% | 1.2K |
Verizon Communications Inc | VZ | 49.85 | -0.40% | 42.9K |
General Electric Co | GE | 26.72 | -0.41% | 11.6K |
Cisco Systems Inc | CSCO | 24.67 | -0.44% | 0.1K |
AT&T Inc | T | 35.25 | -0.54% | 227.7K |
Caterpillar Inc | CAT | 103.15 | -0.59% | 0.8K |
Upgrades:
Downgrades:
Other:
Apple (AAPL) target raised from $660 to $710 at Canaccord Genuity
Stock
indices declined due to the weaker-than-expected inflation data in the Eurozone.
Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in March.
Analysts had expected a 0.7% rise. Inflation target by the European Central
Bank (ECB) is 2%.
Market participants
expect the European Central Bank will add further stimulus measures on
Thursday. Investors are awaiting the ECB will cut interest rates and announce
measures to boost lending to smaller businesses.
The
unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March.
Analysts had expected the unemployment rate remains unchanged.
The number
of unemployed people in Spain decreased by 111,900 in May, after a 111,600 decline
in April. Analysts had forecasted a 112,300 drop.
Current
figures:
Name Price Change Change %
FTSE
100 6,831.72 -32.38 -0.47%
DAX 9,925.00 -25.12 -0.25%
CAC 40 4,509.94 -5.95 -0.13%
Most Asian
stock indices increased due to weaker yen and economic data from China. The
Japanese stock index Nikkei was supported by the weaker yen. The stock indices
in China were supported by Chinese economic data.
China’s
final HSBC manufacturing purchasing managers’ index increased to 49.4 in May from 48.1 in
April, missing expectation of a gain to 49.7.
Chinese
non-manufacturing purchasing managers’ index climbed to 55.5 in May from 54.8
in April. That was the highest figure since November 2013.
Indexes on
the close:
Nikkei
225 15,034.25 +98.33 +0.66%
Hang
Seng 23,291.04 +209.39 +0.91%
Shanghai
Composite 2,038.31 -0.91
-0.04%
Nikkei 14,935.92 +303.54 +2.07%
Hang Seng 23,081.65 +71.51 +0.31%
Shanghai Composite 2,039.21 -1.38 -0.07%
S&P 1,924.97 +1.40 +0.07%
NASDAQ 4,237.2 -5.42 -0.13%
Dow 16,743.63 +26.46 +0.16%
FTSE 1,380.46 +3.00 +0.22%
CAC 4,515.89 -3.68 -0.08%
DAX 9,950.12 +6.85 +0.07%