Stock indices traded mixed after the better-than-expected economic data from Germany and France. The German preliminary consumer price index (CPI) climbed 0.3% in June, beating forecasts of a 0.2% gain, after a 0.1% decline in May. On a yearly basis, German preliminary CPI rose 1.0% in June, after a 0.9% rise in May.
The consumer spending in France increased 1.0% in May, exceeding expectations for a 0.3% gain, after a 0.3% decline in April.
On a yearly basis, the consumer spending in France declined 0.6% in May, after a 0.5% drop in April.
The gross domestic product in the U.K. rose 0.8% in the first quarter, in line with expectations, after a 0.8% gain the previous quarter. On a yearly basis, the U.K. GDP increased 3.0% in the first quarter, missing forecasts of a 3.1% rise, after a 3.1% gain the previous quarter.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,757.77 +22.65 +0.34%
DAX 9,815.17 +10.27 +0.10%
CAC 40 4,436.98 -2.65 -0.06%
U.S. stock-index futures fell as investors awaited data on U.S. consumer confidence to gauge the health of the world's largest economy.
Global markets:
Nikkei 15,095 -213.49 -1.39%
Hang Seng 23,221.52 +23.69 +0.10%
Shanghai Composite 2,036.51 -2.17 -0.11%
FTSE 6,748.81 +13.69 +0.20%
CAC 4,441.2 +1.57 +0.04%
DAX 9,819.47 +14.57 +0.15%
Crude oil $106.10 (+0.24%)
Gold $1318.00 (+0.08%)
(company / ticker / price / change, % / volume)
Procter & Gamble Co | PG | 78.63 | +0.01% | 2.3K |
Walt Disney Co | DIS | 84.47 | +0.02% | 0.4K |
United Technologies Corp | UTX | 115.80 | +0.04% | 0.1K |
Visa | V | 209.07 | +0.05% | 0.3K |
Pfizer Inc | PFE | 29.61 | +0.07% | 1.4K |
Intel Corp | INTC | 30.82 | +0.13% | 8.5K |
Nike | NKE | 79.04 | +2.84% | 19.7K |
AT&T Inc | T | 35.23 | -0.09% | 2.4K |
General Electric Co | GE | 26.26 | -0.11% | 5.6K |
Cisco Systems Inc | CSCO | 24.62 | -0.12% | 2.6K |
McDonald's Corp | MCD | 101.38 | -0.13% | 0.5K |
JPMorgan Chase and Co | JPM | 57.30 | -0.16% | 0.1K |
Boeing Co | BA | 127.75 | -0.21% | 2.3K |
Verizon Communications Inc | VZ | 49.09 | -0.24% | 10.6K |
Exxon Mobil Corp | XOM | 101.67 | -0.35% | 1.4K |
The Coca-Cola Co | KO | 41.85 | -0.43% | 5.2K |
E. I. du Pont de Nemours and Co | DD | 65.86 | -2.72% | 52.8K |
Upgrades:
Intel (INTC) upgraded to Mkt Perform from Underperform at Bernstein
Downgrades:
Other:
Google (GOOG) target raised to $686 from $675 at Citigroup
Nike (NKE) target raised to $76 from $71 at Canaccord Genuity
UnitedHealth (UNH) initiated with an Underperform at Sterne Agee
Nike (NKE) target raised to $80 from $77 at Janney
RBC Capital Mkts raises their Alcoa (AA) target to $16 from $15
Stock indices traded little changed after the better-than-expected consumer spending in France. The consumer spending in France increased 1.0% in May, exceeding expectations for a 0.3% gain, after a 0.3% decline in April.
On a yearly basis, the consumer spending in France declined 0.6% in May, after a 0.5% drop in April.
The gross domestic product in the U.K. rose 0.8% in the first quarter, in line with expectations, after a 0.8% gain the previous quarter. On a yearly basis, the U.K. GDP increased 3.0% in the first quarter, missing forecasts of a 3.1% rise, after a 3.1% gain the previous quarter.
Current figures:
Name Price Change Change %
FTSE 100 6,742.54 +7.42 +0.11%
DAX 9,803.76 -1.14 -0.01%
CAC 40 4,443.54 +3.91 +0.09%
Most Asian stock traded lower due to comments by St. Louis Fed President James Bullard. He told Fox Business Network on Thursday that the Fed' interest rate hike by the end of the first quarter in 2015 will be appropriate, if the U.S. economy grows 3% in the next four quarters.
Japan's national CPI excluding fresh food increased 3.4% in May, in line with expectations, after a 3.2% gain in April.
The Japanese unemployment rate declined to 3.4% in May, exceeding expectations for 3.6%, after 3.6% in April.
Household spending in Japan dropped 8%, missing expectations for a 1.9% decline in May, after a 4.6% decrease in April.
Retail sales in Japan decreased 0.4% in May, after a 4.3% decline in April. Analysts had expected a 1.9% decline.
Indexes on the close:
Nikkei 225 15,095 -213.49 -1.39%
Hang Seng 23,221.52 +23.69 +0.10%
Shanghai Composite 2,036.51 -2.17 -0.11%
Oracle Corp. Japan declined 5.1% after missing its operating-profit forecast estimates.