Stock indices closed higher, recovering last week's losses. Concerns over the financial health of Banco Espirito Santo eased. Stocks were declined last week due to concerns over Portugal's banking sector. 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.
Eurozone's industrial production declined 3.3% in May, missing expectations for a 0.3% gain, after a 0.7% increase in April. April's figure was revised down from a 0.8 gain.
On a yearly basis, Eurozone's industrial production climbed 0.5% in May, missing expectations for a 1.1% rise, after a 1.4% gain in April.
Banco Espirito Santo shares dropped 8.1%.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,746.14 +55.97 +0.84%
DAX 9,783.01 +116.67 +1.21%
CAC 40 4,350.04 +33.54 +0.78%
U.S. stock futures advanced on better-than-forecast earnings from Citigroup Inc.
Global markets:
Nikkei 15,296.82 +132.78 +0.88%
Hang Seng 23,346.67 +113.22 +0.49%
Shanghai Composite 2,066.65 +19.69 +0.96%
FTSE 6,745.58 +55.41 +0.83%
DAX 9,754.34 +88.00 +0.91%
Crude oil $100.67 (-0.12%)
Gold $1314.00 (-1.75%)
(company / ticker / price / change, % / volume)
McDonald's Corp | MCD | 100.49 | +0.12% | 0.2K |
Microsoft Corp | MSFT | 42.15 | +0.14% | 2.8K |
Cisco Systems Inc | CSCO | 25.57 | +0.20% | 0.6K |
International Business Machines Co... | IBM | 188.39 | +0.21% | 2.1K |
Verizon Communications Inc | VZ | 50.44 | +0.24% | 46.7K |
AT&T Inc | T | 35.85 | +0.25% | 24.5K |
E. I. du Pont de Nemours and Co | DD | 65.07 | +0.28% | 0.3K |
Home Depot Inc | HD | 79.84 | +0.29% | 0.2K |
Exxon Mobil Corp | XOM | 102.14 | +0.39% | 2.8K |
Chevron Corp | CVX | 129.00 | +0.41% | 0.4K |
Johnson & Johnson | JNJ | 105.64 | +0.51% | 0.1K |
General Electric Co | GE | 26.69 | +0.53% | 43.8K |
United Technologies Corp | UTX | 114.75 | +0.54% | 0.6K |
Walt Disney Co | DIS | 87.39 | +0.58% | 0.1K |
Caterpillar Inc | CAT | 110.63 | +0.61% | 0.2K |
Intel Corp | INTC | 31.44 | +0.61% | 24.7K |
Visa | V | 218.49 | +0.69% | 2.8K |
Boeing Co | BA | 129.13 | +0.81% | 0.9K |
Goldman Sachs | GS | 166.89 | +1.27% | 6.9K |
JPMorgan Chase and Co | JPM | 56.53 | +1.31% | 40.5K |
Merck & Co Inc | MRK | 58.42 | -0.03% | 0.2K |
Procter & Gamble Co | PG | 80.96 | -0.25% | 1.2K |
Upgrades:
Apple (AAPL) upgraded to Overweight from Equal Weight at Barclays, target raised to $110 from $95
Downgrades:
eBay (EBAY) downgraded to Sector Perform from Outperform at Pacific Crest
Wells Fargo (WFC) downgraded to Neutral from Overweight at JP Morgan, target lowered to $52 from $54.50
Other:
Stock indices traded higher as concerns over the financial health of Banco Espirito Santo eased. Stocks were declined last week due to concerns over Portugal's banking sector. 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.
Eurozone's industrial production declined 3.3% in May, missing expectations for a 0.3% gain, after a 0.7% increase in April. April's figure was revised down from a 0.8 gain.
On a yearly basis, Eurozone's industrial production climbed 0.5% in May, missing expectations for a 1.1% rise, after a 1.4% gain in April.
Banco Espirito Santo shares dropped 6.4%.
Current figures:
Name Price Change Change %
FTSE 100 6,738.51 +48.34 +0.72%
DAX 9,738.46 +72.12 +0.75%
CAC 40 4,341.88 +25.38 +0.59%
Most Asian stock indices rose after Portugal's central bank eased market fears over the financial health of Banco Espirito Santo.
Stocks were also supported by gains of telecommunications and health-care shares.
Japan's industrial production rose 1.0% in May, after a 0.8% increase in April. Analysts had expected a 0.5% increase.
On a yearly basis, Japan's industrial production climbed 0.7% in May, after a 0.5% rise in April.
Indexes on the close:
Nikkei 225 15,296.82 +132.78 +0.88%
Hang Seng 23,346.67 +113.22 +0.49%
Shanghai Composite 2,066.65 +19.69 +0.96%
(index / closing price / change items /% change)
Nikkei 225 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 100 6,690.17 +17.80 +0.27%
CAC 40 4,316.5 +15.24 +0.35%
Xetra DAX 9,666.34 +7.21 +0.07%
S&P 500 1,967.57 +2.89 +0.15%
NASDAQ 4,415.49 +19.29 +0.44%
Dow Jones 16,943.81 +28.74 +0.17%