European stocks rose, rebounding from three days of losses, as companies from Actelion Ltd. to ARM Holdings Plc projected an improvement in financial results.
National benchmark indexes advanced in every western-European market except Iceland. The U.K.'s FTSE 100 Index (UKX) climbed 1 percent, while France's CAC 40 Index rallied 1.5 percent and Germany's DAX Index rose 1.3 percent. The volume of Stoxx 600 shares changing hands was 19 percent lower than the 30-day average, according to data compiled by Bloomberg.
Malaysian Prime Minister Najib Razak said yesterday that the separatists agreed to release the victims' bodies, grant access to the crash site and hand over the two black boxes and data recorders. Ukraine's government blamed pro-Russian rebels for the attack, and the U.S. indicated its belief that the Russian military supplied the missile.
EU foreign ministers in Brussels debated how to exert pressure on Russia to remove obstacles to an investigation of how the flight came down over rebel-held territory. The EU needs a twin-track policy of pursuing diplomacy and taking tougher measures to add pressure on Russia, German Foreign Minister Frank-Walter Steinmeier told reporters before the meeting.
Actelion advanced 2.6 percent to 112.40 Swiss francs. The drugmaker said core earnings will increase at least in the mid-teen percentage range this year, up from a previous growth forecast of a low single-digit percentage. The company reported first-half core earnings of 421 million francs ($469 million), exceeding the 360.3 million-franc average estimate of analysts surveyed by Bloomberg.
ARM jumped 5.7 percent to 881 pence. The chip designer whose products power Apple Inc.'s iPhone and iPad also posted second-quarter adjusted pretax profit of 94.2 million pounds ($161 million), beating the projection of 91.5 million pounds.
IG Group Holdings Plc climbed 7.7 percent to 619.5 pence after announcing a final dividend of 22.4 pence a share. That surpassed the Bloomberg Dividend Forecast of 18.05 pence a share. The British spread-betting firm reported full-year pretax profit of 194.7 million pounds, exceeding the 192.8 million-pound prediction of analysts in a Bloomberg survey.
Credit Suisse retreated 1 percent to 25.84 francs. Switzerland's second-largest bank reported a second-quarter net loss of 700 million francs, the biggest since 2008, after paying $2.6 billion to settle a U.S. tax investigation. The lender also said it will exit commodities trading. Analysts on average had projected a net loss of 691 million-francs.
Publicis Groupe SA lost 4.7 percent to 56.11 euros. The French advertising company said second-quarter sales fell 1.5 percent to 1.76 billion euros ($2.4 billion), missing analysts' estimates, as the euro strengthened and markets including North America shrank.
U.S. stock futures rose as the standoff over a downed jet in Ukraine eased and investors assessed earnings from some companies.
Global markets:
Nikkei 15,343.28 +127.57 +0.84%
Hang Seng 23,782.11 +394.97 +1.69%
Shanghai Composite 2,075.48 +21.00 +1.02%
FTSE 6,786.16 +57.72 +0.86%
CAC 4,352.12 +47.38 +1.10%
DAX 9,710.81 +98.76 +1.03%
Crude oil $104.72 (+0.12%)
Gold $1311.50 (-0.18%)
(company / ticker / price / change, % / volume)
Procter & Gamble Co | PG | 80.35 | +0.09% | 4.8K |
Intel Corp | INTC | 34.10 | +0.12% | 16.7K |
Merck & Co Inc | MRK | 58.08 | +0.14% | 3.8K |
AT&T Inc | T | 36.05 | +0.25% | 13.3K |
E. I. du Pont de Nemours and Co | DD | 65.71 | +0.26% | 0.4K |
Wal-Mart Stores Inc | WMT | 77.00 | +0.30% | 0.1K |
Home Depot Inc | HD | 79.99 | +0.35% | 0.1K |
JPMorgan Chase and Co | JPM | 58.46 | +0.38% | 0.2K |
Verizon Communications Inc | VZ | 50.90 | +0.39% | 201.1K |
Exxon Mobil Corp | XOM | 103.49 | +0.40% | 3.3K |
International Business Machines Co... | IBM | 191.62 | +0.40% | 0.1K |
Goldman Sachs | GS | 172.44 | +0.42% | 0.1K |
General Electric Co | GE | 26.09 | +0.42% | 13.9K |
Nike | NKE | 77.14 | +0.42% | 3.1K |
Chevron Corp | CVX | 131.85 | +0.43% | 0.1K |
3M Co | MMM | 144.97 | +0.46% | 0.1K |
Cisco Systems Inc | CSCO | 25.98 | +0.50% | 8.5K |
Caterpillar Inc | CAT | 110.80 | +0.52% | 2.2K |
Boeing Co | BA | 129.00 | +0.55% | 0.6K |
Microsoft Corp | MSFT | 45.08 | +0.55% | 15.3K |
Pfizer Inc | PFE | 30.52 | +0.56% | 1.5K |
American Express Co | AXP | 93.44 | +0.60% | 1.9K |
Visa | V | 220.54 | +0.60% | 0.1K |
Walt Disney Co | DIS | 86.28 | +0.63% | 85.7K |
United Technologies Corp | UTX | 113.75 | +0.68% | 15.5K |
Johnson & Johnson | JNJ | 102.02 | +0.74% | 5.0K |
UnitedHealth Group Inc | UNH | 86.02 | +1.13% | 1.7K |
The Coca-Cola Co | KO | 41.58 | -1.93% | 53.8K |
McDonald's Corp | MCD | 95.44 | -2.16% | 6.4K |
Travelers Companies Inc | TRV | 92.02 | -3.40% | 1.3K |
Upgrades:
Downgrades:
Other:
Amazon.com (AMZN) downgraded from Buy to Neutral at Citigroup
European stocks rose, breaking a three-day series of recession, which is associated with the expectation of meeting the Foreign Ministers of the European Union to discuss sanctions against Russia. U.S. index futures are little changed, while Asian shares rose.
Recall that last night the UN Security Council unanimously approved a resolution demanding an international investigation of the crash Malaysia Airlines in the Donetsk region.
Today, the foreign ministers of the European Union will meet in Brussels on new sanctions against Russia. However, the fact that the militants handed "black boxes" crashed over Ukraine Boeing representatives of Malaysia, and the members of the OSCE monitoring mission had full access to the crash site, reduces the likelihood of adoption of new sanctions Tuesday action against Russia, experts say.
Meanwhile, we add that the ground offensive in Gaza also remains in the spotlight. Hopes for a cease-fire in the Gaza Strip rose after U.S. Secretary of State John Kerry and UN chief Ban Ki-moon arrived in Cairo for talks aimed at ending the bloodshed.
The price of the Swiss pharmaceutical company Actelion Ltd. increased by 2.9% after forecasting annual profits.
Shares of the second largest bank in Switzerland, Credit Suisse Group AG fell 2.6% in trading in Zurich. Credit Suisse recorded in the II quarter of the largest net loss in 2008 due to a fine of $ 2.6 billion in the United States. On Tuesday, the bank announced its withdrawal from the feed business under reorganization investment banking division.
The market value of the Norwegian aluminum producer Norsk Hydro AHA decreased by 1.7% as the company's financial results were weaker than market expectations.
Quotes of the securities of the French advertising company Publicis Groupe SA fell 3.9%. Because of the strong euro revenue in the II quarter decreased by 1.5% to 1.76 billion euros, missing the consensus.
Royal Mail shares fell 0.6% after the announcement that the revenue from the transportation of parcels in the three months to June 29, down 1% compared to the same period last year. The company added that it is still likely to reach their target annual figures.
Paper IG Group Holdings Plc rose 6.9 percent after the announcement of a final dividend in the amount of 22.4 pence per share, which was more than the experts' forecasts at 18.05 pence per share.
At the current moment
FTSE 100 6,784.44 +56.00 +0.83%
CAC 40 4,341.54 +36.80 +0.85%
DAX 9,696.11 +84.06 +0.87%
Asian stocks advanced, with the regional benchmark index on course for its highest close in six years, as investors bet rising tensions in Ukraine over the shooting down of a jetliner won't curb global economic growth.
S&P/ASX 200 5,543.29 +3.35 +0.06%
TOPIX 1,273.27 +9.98 +0.79%
SHANGHAI COMP 2,075.48 +21.00 +1.02%
HANG SENG 23,773.24 +386.10 +1.65%
Aluminum Corp. of China Ltd., the nation's biggest producer of the metal, jumped 6.2 percent as mainland stocks listed in Hong Kong led gains. All 10 industry groups on the regional gauge rose. Kangwon Land Inc., a South Korean casino and hotel services provider, surged 4.2 percent. Oriental Land Co. slipped 1.6 percent after the Nikkei reported profit at the operator of Tokyo's Disney resort will fall.
(index / closing price / change items /% change)
S&P/ASX 200 5,539.9 +8.24 +0.15%
SHANGHAI COMP 2,054.57 -4.50 -0.22%
HANG SENG 23,449.7 -5.09 -0.02%
FTSE 100 6,728.44 -21.01 -0.31%
CAC 40 4,304.74 -30.57 -0.71%
Xetra DAX 9,612.05 -107.97 -1.11%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7 -7.44 -0.17%
Dow Jones 17,051.73 -48.45 -0.28%