Most stock
indices traded lower due to the weak German retail sales and speculations over
further stimulus measures from the European Central Bank.
The German
adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March.
Analysts had expected a 0.4% rise.
The
unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of
1.9% in March.
Societe
Generale SA shares decreased 2.1% after its Russian unit posted a drop in
first-quarter profit.
BNP Paribas
SA shares declined 2.9% due to the company may be forced to pay a penalty
exceeding $10 billion in the U.S.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,844.51 -26.78 -0.39%
DAX 9,943.27 +4.37 +0.04%
CAC 40 4,519.57 -10.94 -0.24%
U.S. stock-index futures fell slightly as a report showed an unexpected decline in consumer spending last month.
Global markets:
Nikkei 14,632.38 -49.34 -0.34%
Hang Seng 23,081.65 +71.51 +0.31%
Shanghai Composite 2,039.21 -1.38 -0.07%
FTSE 6,859.74 -11.55 -0.17%
CAC 4,514.42 -16.09 -0.36%
DAX 9,942.48 +3.58 +0.04%
Crude oil $102.93 (-0.63%)
Gold $1254.20 (-0.17%)
(company / ticker / price / change, % / volume)
Johnson & Johnson | JNJ | 100.82 | +0.06% | 0.4K |
Procter & Gamble Co | PG | 80.49 | +0.11% | 0.2K |
Cisco Systems Inc | CSCO | 24.68 | 0.00% | 0.1K |
Home Depot Inc | HD | 79.89 | -0.01% | 0.1K |
Intel Corp | INTC | 26.95 | -0.04% | 2.0K |
Verizon Communications Inc | VZ | 49.70 | -0.04% | 3.5K |
Walt Disney Co | DIS | 84.00 | -0.04% | 0.4K |
AT&T Inc | T | 35.36 | -0.08% | 0.8K |
International Business Machines Co... | IBM | 183.56 | -0.11% | 0.1K |
Microsoft Corp | MSFT | 40.29 | -0.12% | 5.5K |
JPMorgan Chase and Co | JPM | 55.60 | -0.22% | 1.0K |
Exxon Mobil Corp | XOM | 101.03 | -0.24% | 4.0K |
General Electric Co | GE | 26.67 | -0.26% | 1.0K |
Caterpillar Inc | CAT | 103.31 | -0.28% | 0.4K |
Upgrades:
Downgrades:
Other:
Apple (AAPL) target raised to $720 from $635 at Goldman; reiterated at Buy
Walt Disney (DIS) target raised to $83 from $77 at Wunderlich, reiterated at Hold
Most stock
indices traded lower due to the weak German retail sales and speculations over
further stimulus measures from the European Central Bank.
The German adjusted
retail sales dropped 0.9% in April, after a 0.7% decline in March. Analysts had
expected a 0.4% rise.
The
unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of
1.9% in March.
Societe
Generale SA shares decreased 2.3% after its Russian unit posted a drop in
first-quarter profit.
BNP Paribas
SA shares declined 5.1% due to the company may be forced to pay a penalty
exceeding $10 billion in the U.S.
Current
figures:
Name Price Change Change %
FTSE
100 6,860.87 -10.42 -0.15%
DAX 9,940.58 +1.68 +0.02%
CAC 40 4,501.89 -28.62 -0.63%
Most Asian
stock indices declined after the release of the weak U.S. economic growth data.
The U.S. gross domestic product dropped 1.0% in the first quarter, after a 0.1%
rise the previous quarter. Analysts had expected a 0.6% decline. That was the
first drop in U.S. GDP since the first quarter of 2011.
Mixed
economic data was released in Japan. Japan's core consumer price index
excluding fresh food climbed at an annual rate of 3.2% in April, after a 1.3%
increase in March. That was the fastest pace since February 1991. Analysts had
expected 3.1% rise.
Household
spending in Japan declined by an annualized rate of 4.6% in April, after a 7.2%
rise in March. Analysts had forecasted a 3.2% decrease.
The
industrial production in Japan decreased 2.5% in April, after a 0.7% gain in
March. Analysts had expected a 1.9% drop.
Indexes on
the close:
Nikkei
225 14,632.38 -49.34 -0.34%
Hang
Seng 23,081.65 +71.51 +0.31%
Shanghai
Composite 2,039.21 -1.38 -0.07%
Nikkei 14,681.72 +10.77 +0.07%
Hang Seng 23,010.14 -69.89 -0.30%
Shanghai Composite 2,040.6 -9.63 -0.47%
S&P 1,920.03 +10.25 +0.54%
NASDAQ 4,247.95 +22.87 +0.54%
Dow 16,698.74 +65.56 +0.39%
FTSE 1,379.05 +1.22 +0.09%
CAC 4,530.51 -1.12 -0.02%
DAX 9,938.9 -0.27 0.00%