Stock indices closed little on consumer price inflation data from the Eurozone. Eurozone' preliminary consumer price index fell to an annual rate of 0.3% in November from 0.4% in October, in line with expectations.
Investors speculate that the European Central Bank will add further stimulus measures.
Eurozone's unemployment rate remained unchanged at 11.5% in October, in line with expectations.
German adjusted retail sales climbed 1.9% in October, exceeding expectations for a 1.7% rise, after a 2.8% decline in September. September's figure was revised up from a 3.2% fall.
Consumer spending in France dropped 0.9% in October, missing expectations for a 0.2% gain, after a 0.5% decline in September. September's figure was revised up from a 0.8% decrease.
Yesterday's OPEC decision to leave its current production target unchanged still weighed on energy stocks.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,722.62 -0.80 0.1%
DAX 9,980.85 +5.98 +0.06 %
CAC 40 4,390.18 +7.84 +0.18 %
Britain's Prime Minister David Cameron said in a speech on Friday that lower EU migration would be a priority in future negotiations on the UK's remaining in the EU. He warned that he would "rule nothing out" if the UK's concerns "fall on deaf ears".
U.S. stock-index futures were little changed, as the equities market reopens after the Thanksgiving holiday. Energy producers tumbled and airlines stocks rose after OPEC's decision to keep its output target unchanged.
Global markets:
Nikkei 17,459.85 +211.35 +1.23%
Hang Seng 23,987.45 -16.83 -0.07%
Shanghai Composite 2,682.92 +52.43 +1.99%
FTSE 6,706.07 -17.35 -0.26%
CAC 4,367.11 -15.23 -0.35%
DAX 9,960.33 -14.54 -0.15%
Crude oil $69.30 (-5.97%)
Gold $1186.00 (-0.89%)
(company / ticker / price / change, % / volume)
McDonald's Corp | MCD | 96.25 | +0.03% | 1.1K |
Nike | NKE | 97.92 | +0.12% | 0.1K |
Merck & Co Inc | MRK | 59.82 | +0.12% | 1.8K |
Johnson & Johnson | JNJ | 107.36 | +0.14% | 3.0K |
Goldman Sachs | GS | 188.27 | +0.19% | 2.3K |
Intel Corp | INTC | 36.97 | +0.19% | 4.0K |
3M Co | MMM | 158.63 | +0.20% | 2.0K |
Microsoft Corp | MSFT | 47.85 | +0.21% | 5.2K |
Procter & Gamble Co | PG | 89.07 | +0.21% | 3.4K |
Verizon Communications Inc | VZ | 50.15 | +0.22% | 2.5K |
Home Depot Inc | HD | 97.95 | +0.26% | 0.3K |
AT&T Inc | T | 35.23 | +0.28% | 4.4K |
Boeing Co | BA | 135.16 | +0.28% | 0.6K |
International Business Machines Co... | IBM | 162.40 | +0.28% | 2.4K |
Walt Disney Co | DIS | 92.29 | +0.40% | 7.7K |
E. I. du Pont de Nemours and Co | DD | 71.76 | +0.41% | 2.6K |
UnitedHealth Group Inc | UNH | 98.57 | +0.47% | 0.1K |
American Express Co | AXP | 91.90 | +0.49% | 1.0K |
Visa | V | 258.69 | +0.56% | 4.5K |
Cisco Systems Inc | CSCO | 27.59 | +0.60% | 30.9K |
Wal-Mart Stores Inc | WMT | 85.53 | +0.65% | 23.8K |
United Technologies Corp | UTX | 110.91 | +0.68% | 0.3K |
Travelers Companies Inc | TRV | 104.37 | 0.00% | 0.5K |
The Coca-Cola Co | KO | 44.28 | -0.02% | 5.9K |
JPMorgan Chase and Co | JPM | 60.29 | -0.08% | 0.8K |
Pfizer Inc | PFE | 31.07 | -0.10% | 1.7K |
General Electric Co | GE | 26.74 | -0.48% | 90.0K |
Caterpillar Inc | CAT | 104.50 | -1.22% | 6.9K |
Chevron Corp | CVX | 111.37 | -3.25% | 38.9K |
Exxon Mobil Corp | XOM | 91.35 | -3.31% | 126.3K |
Upgrades:
Downgrades:
Other:
Starbucks (SBUX) target raised to $100 from $90 at Piper Jaffray
Amazon.com (AMZN) target raised to $400 from $350 at Piper Jaffray
European indices declined in today's session as yesterday's OPEC decision to leave output-rates unchanged weighed heavily on the energy sector. The following drop in Crude oil prices revived fears of deflation in the Eurozone. Eurozone's harmonized CPI was in-line with expectations with +0.3% in November as was the Unemployment rate for October at 11.5%.
Data on U.K.'s Consumer Confidence showed a decline at -2 not meeting forecast of -1. Germany's Retail sales beat forecast reading +1.9% in October (forecast +1.7%). France's Consumer spending declined by -0.9%. Analysts predicted a small growth of 0.2%.
The FTSE 100 index is currently lower -0.69% at 6,676.96 points, France's CAC 40 lost -0.48% trading at 4,361.26 and Germany's DAX 30 is heading for the first negative clsing in 11 days at -0.41% quoted at 9,934.40 points.
European stocks are trading lower in today's session. Data on U.K.'s Consumer Confidence showed a decline at -2 not meeting forecast of -1. Germany's Retail sales beat forecast reading +1.9% in October (forecast +1.7%). France's Consumer spending declined by -0.9%. Analysts predicted a small growth of 0.2%. A drop in oil prices weighed on energy shares. Market participants are now waiting for data on Eurozone's Unemployment rate and preliminary Harmonized CPY being published at 10:00 GMT.
The FTSE 100 index is currently trading with a loss of -0.71% at 6,675.61.58 points, Germany's DAX 30, after 11 days of consecutive gains lost -0.33% or 33.05 points being quoted at 9,941.82. France's CAC 40 lost -0.51%, currently trading at 4,360.02 points.
U.S. markets were closed yesterday for the Thanksgiving holiday.
Hong Kong's Hang Seng is trading +0.20% at 24,052.57. China's Shanghai Composite closed at 2,682.92 points, a gain of +1.99% heading for the biggest monthly gain in two years. Chinese stocks were boosted by the benchmark interest cut of the PBoC last week.
Japan's Nikkei gained +1.23% closing at a two-week high at 17,459.85 points. Export stocks were fuelled by a weaker yen, transport stocks were supported by lower oil prices. Industrial production rose unexpectedly by +0.2% beating analyst forecasts who predicted a decline by -0.4%.
(index / closing price / change items /% change)
Nikkei 225 17,248.5 -135.08 -0.78%
Hang Seng 24,004.28 -107.70 -0.45%
Shanghai Composite 2,630.49 +26.14 +1.00%
FTSE 100 6,723.42 -5.75 -0.09%
CAC 40 4,382.34 +8.92 +0.20%
Xetra DAX 9,974.87 +59.31 +0.60%