Stock
indices declined due to losses in the airline sector. Deutsche Lufthansa AG shares
dropped at fastest pace since September 2001.
The World
Bank’s cut of the global economic growth forecast also weighed on stock
markets. The World Bank lowered its global growth forecast to 2.8% from an
earlier estimate of 3.2% due to a weaker outlook for the U.S., Russia and
China.
The Office
for National Statistics released the U.K. labour market data. The U.K.
unemployment rate fell to 6.6% in the three months to April from 6.8% in the
previous three months. That was the lowest level since early 2009. Analysts had
expected a decline to 6.7%.
Deutsche
Lufthansa AG shares dropped 14% after the company lowered its earnings
forecasts for this and next year.
Vallourec
SA, a steel pipe producer, slid 11% after lowering its earnings forecast for
2014.
Airbus
Group shares declined 3.1% after Emirates cancelled an order for 70 A350 jets.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,838.87 -34.68 -0.50%
DAX 9,949.81 -78.99 -0.79%
CAC 40 4,555.11
-39.89 -0.87%
U.S. stock-index futures fell as the World Bank cut its forecast for global growth.
Global markets:
Nikkei 15,069.48 +74.68 +0.50%
Hang Seng 23,257.29 -58.45 -0.25%
Shanghai Composite 2,054.95 +2.42 +0.12%
FTSE 6,832.3 -41.25 -0.60%
CAC 4,564.2 -30.80 -0.67%
DAX 9,939.29 -89.51 -0.89%
Crude oil $104.49 (+0.13%)
Gold $1263.60 (+0.28%)
(company / ticker / price / change, % / volume)
American Express Co | AXP | 95.20 | -0.08% | 0.5K |
Walt Disney Co | DIS | 84.66 | -0.11% | 4.0K |
Visa | V | 213.92 | -0.15% | 0.3K |
Wal-Mart Stores Inc | WMT | 76.50 | -0.16% | 0.2K |
Procter & Gamble Co | PG | 79.96 | -0.24% | 0.8K |
AT&T Inc | T | 34.85 | -0.26% | 7.9K |
United Technologies Corp | UTX | 118.75 | -0.32% | 0.7K |
Merck & Co Inc | MRK | 58.29 | -0.34% | 0.5K |
Pfizer Inc | PFE | 29.40 | -0.34% | 1.3K |
3M Co | MMM | 144.42 | -0.38% | 0.5K |
Nike | NKE | 76.00 | -0.41% | 5.6K |
Intel Corp | INTC | 28.12 | -0.42% | 5.1K |
International Business Machines Co... | IBM | 183.42 | -0.47% | 0.7K |
Cisco Systems Inc | CSCO | 24.87 | -0.52% | 13.2K |
Verizon Communications Inc | VZ | 49.25 | -0.55% | 41.4K |
JPMorgan Chase and Co | JPM | 57.57 | -0.57% | 1.8K |
General Electric Co | GE | 27.24 | -0.62% | 1.2K |
Microsoft Corp | MSFT | 40.84 | -0.66% | 7.7K |
The Coca-Cola Co | KO | 40.80 | -0.66% | 1.5K |
Goldman Sachs | GS | 164.97 | -0.84% | 1.6K |
Boeing Co | BA | 135.77 | -1.08% | 3.5K |
Upgrades:
Downgrades:
Boeing (BA) downgraded to Sector Perform from Outperform at RBC Capital Mkts, target $145
Other:
Apple (AAPL) target raised to $100 from $93 at Monness Crespi & Hardt
Amazon.com (AMZN) added to Conviction Buy list at Goldman
Stock
indices declined after the World Bank cuts economic global. The World Bank
lowered its global growth forecast to 2.8% from an earlier estimate of 3.2% due
to a weaker outlook for the U.S., Russia and China.
The Office
for National Statistics released the U.K. labour market data. The U.K.
unemployment rate fell to 6.6% in the three months to April from 6.8% in the
previous three months. That was the lowest level since early 2009. Analysts had
expected a decline to 6.7%.
Deutsche
Lufthansa AG shares dropped 13% after the company lowered its earnings
forecasts for this and next year.
Vallourec
SA, a steel pipe producer, slid 12% after lowering its earnings forecast for 2014.
Airbus
Group shares declined 4% after Emirates cancelled an order for 70 A350 jets.
Current
figures:
Name Price Change Change %
FTSE
100 6,838.03 -35.52 -0.52%
DAX 9,941.79 -87.01 -0.87%
CAC 40 4,561.40 -33.60 -0.73%
Asian stock
traded mixed trend after the World Bank cuts economic global forecast. The
World Bank lowered its global growth forecast to 2.8% from an earlier estimate
of 3.2% due to a weaker outlook for the U.S., Russia and China.
Japan's BSI
manufacturing index for the second quarter declined to -13.9 points from 12.7 in
the first quarter, missing expectations for a rise to 14.1.
Indexes on
the close:
Nikkei
225 15,069.48 +74.68 +0.50%
Hang
Seng 23,257.29 -58.45 -0.25%
Shanghai
Composite 2,054.95 +2.42 +0.12%
Nikkei 14,994.8 -129.20 -0.85%
Hang Seng 23,315.74 +198.27 +0.86%
Shanghai Composite 2,052.53 +22.03 +1.08%
S&P 1,950.79 -0.48 -0.02%
NASDAQ 4,338 +1.75 +0.04%
Dow 16,945.92 +2.82 +0.02%
FTSE 1,398.18 +4.47 +0.32%
CAC 4,595 +5.88 +0.13%
DAX 10,028.8 +20.17 +0.20%