Stock indices traded higher, recovering losses. In the morning trading session, stocks were declined due to concerns over Portugal's second largest commercial bank. The parent company (Espirito Santo Financial Group) of Portugal's bank, Banco Espirito Santo SA, reported it didn't make the payments on short-term paper. Investors had concerns over of the banking sectors in Portugal as well as in Spain and Italy.
But now investors calmed down. They don't believe that financial troubles of Banco Espirito Santo SA may lead into banking crisis in the Eurozone.
The German consumer price index increased 0.3% in June, in line with expectations, after a 0.3% gain in May. On a yearly basis, the consumer price index in Germany rose 1.0% in June, in line with expectations, after a 0.9% increase in May.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,677.08 +4.71 +0.07%
DAX 9,666.34 +7.21 +0.07%
CAC 40 4,316.5 +15.24 +0.35%
U.S. stock-index futures were little changed as investors weighed corporate earnings and signs of financial stress at a Portuguese bank.
Global markets:
Nikkei 15,164.04 -52.43 -0.34%
Hang Seng 23,233.45 -5.54 -0.02%
Shanghai Composite 2,046.96 +8.62 +0.42%
FTSE 6,675.6 +3.23 +0.05%
CAC 4,312.59 +11.33 +0.26%
DAX 9,648.91 -10.22 -0.11%
Crude oil $102.42 (-0.50%)
Gold $1337.20 (-0.51%)
(company / ticker / price / change, % / volume)
International Business Machines Co... | IBM | 187.72 | +0.01% | 7.4K |
Microsoft Corp | MSFT | 41.69 | +0.01% | 0.8K |
E. I. du Pont de Nemours and Co | DD | 64.95 | +0.02% | 7.4K |
Caterpillar Inc | CAT | 109.40 | +0.04% | 0.6K |
Cisco Systems Inc | CSCO | 25.45 | +0.04% | 0.4K |
Pfizer Inc | PFE | 30.02 | +0.07% | 0.7K |
3M Co | MMM | 144.10 | +0.15% | 550.00 |
Boeing Co | BA | 127.00 | +0.17% | 0.7K |
Walt Disney Co | DIS | 87.02 | +0.18% | 0.5K |
Johnson & Johnson | JNJ | 106.00 | +0.19% | 4.1K |
Verizon Communications Inc | VZ | 49.75 | +0.22% | 27.5K |
Intel Corp | INTC | 31.35 | +0.29% | 15.9K |
AT&T Inc | T | 35.70 | 0.00% | 1.4K |
Exxon Mobil Corp | XOM | 102.57 | 0.00% | 1.9K |
General Electric Co | GE | 26.20 | 0.00% | 9.2K |
Home Depot Inc | HD | 79.40 | 0.00% | 0.1K |
Wal-Mart Stores Inc | WMT | 77.01 | -0.06% | 0.2K |
The Coca-Cola Co | KO | 42.16 | -0.24% | 0.1K |
Goldman Sachs | GS | 163.00 | -0.26% | 1.9K |
JPMorgan Chase and Co | JPM | 55.35 | -0.38% | 24.0K |
Chevron Corp | CVX | 129.70 | -0.42% | 10.4K |
Procter & Gamble Co | PG | 81.17 | -0.54% | 2.6K |
Upgrades:
Downgrades:
Procter & Gamble (PG) downgraded from Outperform to Market Perform at Wells Fargo
Other:
Apple (AAPL) target raised to $112 from $102 at Canaccord Genuity
Stock indices rose, recovering losses in the morning trading session. Stocks were declined due to concerns over Portugal's second largest commercial bank. The parent company (Espirito Santo Financial Group) of Portugal's bank, Banco Espirito Santo SA, reported it didn't make the payments on short-term paper. Investors had concerns over of the banking sectors in Portugal as well as in Spain and Italy.
But now investors calmed down. They don't believe that financial troubles of Banco Espirito Santo SA may lead into banking crisis in the Eurozone.
The German consumer price index increased 0.3% in June, in line with expectations, after a 0.3% gain in May. On a yearly basis, the consumer price index in Germany rose 1.0% in June, in line with expectations, after a 0.9% increase in May.
Current figures:
Name Price Change Change %
FTSE 100 6,687.24 +14.87 +0.22%
DAX 9,666.34 +7.21 +0.07%
CAC 40 4,321.4 +20.14 +0.47%
Most Asian stock indices fell due to concerns over Portugal's biggest listed lender. The parent company (Espirito Santo Financial Group) of Portugal's bank, Banco Espirito Santo SA, reported it didn't make the payments on short-term paper. Investors have concerns over of the banking sectors in Portugal as well as in Spain and Italy.
The Japanese stock index Nikkei 225 declined due to stronger yen. The yen was supported by increasing demand for safe-haven currency.
Canon Inc. shares rose 2.4% after the Nikkei said the company will report the better-than-forecasted second-quarter profit.
Indexes on the close:
Nikkei 225 15,164.04 -52.42 -0.34%
Hang Seng 23,233.45 -5.54 -0.02%
Shanghai Composite 2,046.96 +8.62 +0.42%
(index / closing price / change items /% change)
Nikkei 225 15,216.47 -86.18 -0.56%
Hang Seng 23,238.99 +62.92 +0.27%
Shanghai Composite 2,038.34 -0.27 -0.01%
FTSE 100 6,672.37 -45.67 -0.68%
CAC 40 4,301.26 -58.58 -1.34%
Xetra DAX 9,659.13 -149.07 -1.52%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2 -22.83 -0.52%
Dow Jones 16,915.07 -70.54 -0.42%