(index / closing price / change items /% change)
Nikkei 225 15,620.77 -25.46 -0.16%
Hang Seng 24,756.85 +24.64 +0.10%
Shanghai Composite 2,201.56 +20.32 +0.93%
FTSE 100 6,730.11 -43.33 -0.64%
CAC 40 4,246.14 -66.16 -1.53%
Xetra DAX 9,407.48 -186.20 -1.94%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.77 -93.13 -2.09%
Dow Jones 16,563.3 -317.06 -1.88%
European stocks dropped significantly today, and recorded its first monthly decline in the last two years. Pressure on the company's stock indexes had Adidas, warned against the deterioration of indicators in Russia, as well as the situation with Argentina.
Agency reported today BBC, defaulted Argentine authorities - that is officially recognized that the country is able to pay its debts. This South American country to declare a default for the second time in the last 13 years, and the current debt of 1.3 billion dollars came just after the previous default in 2001 when hedge funds bought government bonds at a discounted price. Argentine officials have until recently tried to sign a contract with the funds of the installment, but last night the last round of talks also ended in nothing.
Investors also continue to evaluate corporate accountability. Of the 40 percent of the participating companies STOXX Europe 600 index, that reported for the second quarter, 55 percent short of analysts' expectations or exceeded them. Corporate profits have grown by an average of 7.1 per cent compared with last year, but sales have decreased by 1.5 percent.
"Despite some decent profit companies, the market is stuck in a range, and at the forefront of investors left many negative factors, including defaulted Argentine" - said Lionel Jardin of Assya Capital in Paris.
Meanwhile, add that pressure on mood have concerns about the impact of sanctions imposed by the West against Russia. Sanctions have already begun to undermine the position of the Western companies. In general, experts believe that it is too early to draw definitive conclusions about the effectiveness of sanctions, and note that the West should expect a response from Russia, which primarily take the form of trade sanctions.
Also had little impact today's data, which showed that inflation in the eurozone slowed in July to its lowest level in four and a half years, mainly due to falling energy prices. Inflation slowed to 0.4 percent in July from 0.5 percent in June. Inflation is expected to remain unchanged at 0.5 percent. This is the lowest figure since the beginning of price growth since November 2009. Core inflation, excluding energy, food, alcohol and tobacco remained at 0.8 percent.
Another report showed that the number of initial claims for unemployment benefits in the U.S. increased by 23,000 and amounted to a seasonally adjusted 302,000 in the week ended July 26. Data were slightly better than expected. Economists on average had forecast 306,000 initial claims. Treatment in the previous week were revised up to 279,000, the lowest level since May 2000.
National benchmark indexes fell in all of the 18 western European markets, except Iceland:
FTSE 100 6,730.11 -43.33 -0.64% CAC 40 4,246.14 -66.16 -1.53% DAX 9,407.48 -186.20 -1.94%
Adidas AG shares fell by the maximum value over the past 15 years, namely 15.6 percent, after the company on the reduction of development plans in Russia and revising manufacturing business of golf. These problems forced the company to reduce the forecast annual figures.
Quotes Banco Espirito Santo tumbled 39 percent after the reservation of 4.3 billion euros ($ 5.7 billion).
Paper Afren Plc fell 26% after the resignation of top executives from the investigation of unauthorized payments.
Shares of Royal Dutch Shell Plc added 2.5 percent. The largest oil company in Europe reported a profit, excluding one-time items and inventory changes, which rose 33 percent to $ 6.1 billion from $ 4.6 billion a year earlier. It surpassed the average analyst estimate of $ 5.6 billion
Paper Alcatel-Lucent SA fell 6.7 percent. French network equipment maker reported sales at 3.28 billion euros in the second quarter, which was less than the experts' forecasts of 3.3 billion euros.
U.S. stock futures declined as earnings at companies Whole Foods Market Inc. (WFM), Kraft Foods Group Inc. (KRFT) and ExxonMobil (XOM) disappointed investors and Argentina missed a debt payment.
Global markets:
Nikkei 15,620.77 -25.46 -0.16%
Hang Seng 24,756.85 +24.64 +0.10%
Shanghai Composite 2,201.56 +20.32 +0.93%
FTSE 6,753.04 -20.40 -0.30%
CAC 4,262.52 -49.78 -1.15%
DAX 9,464.56 -129.12 -1.35%
Crude oil $99.66 (-0.61%)
Gold $1289.40 (-0.42%)
European stocks declined the most in two weeks as Adidas AG lowered its profit forecast and Banco Espirito Santo SA led a plunge in Portuguese equities. U.S. stock-index futures and Asian shares also dropped.
Adidas sank 12 percent to 61.66 euros after forecasting net income of 650 million euros in 2014. The owner of the Adidas and Reebok brands had estimated profit of 830 million euros to 930 million euros. The German sportswear company said the conflict between separatists and the Ukrainian government poses increasing risks to spending on its products in Russia and neighboring countries.
The European Union froze the assets of two Russian oligarchs last night as part of a broader range of measures to make President Vladimir Putin withdraw his support from rebels in eastern Ukraine. The 28-nation club has toughened its measures against the Kremlin after Malaysian Air Flight 17 was shot down on July 17. The U.S. says the missile was fired from an area controlled by pro-Russian separatists.
Banco Espirito Santo SA tumbled 42 percent to 20 euro cents.
Afren slumped 32 percent to 101 pence. The U.K. explorer of oil in Africa and northern Iraq suspended Chief Executive Officer Osman Shahenshah and Chief Operating Officer Shahid Ullah after an independent review found evidence of unauthorized payments to both managers. The investigation didn't find evidence that other board members were involved, the company said in a statement.
Shell advanced 3 percent to 2,454.5 pence. Europe's biggest oil company reported profit, excluding one-off items and inventory changes, that climbed 33 percent to $6.1 billion from $4.6 billion a year earlier. That beat the $5.6 billion average estimate of analysts surveyed by Bloomberg.
In Germany, a Federal Labor Agency report showed that unemployment stayed at 6.7 percent in July, matching the median estimate of economists surveyed by Bloomberg News.
FTSE 100 6,751.47 -21.97 -0.32%
CAC 40 4,282.5 -29.80 -0.69%
DAX 9,496.82 -96.86 -1.01%
Asian stocks fell, with the regional benchmark index paring its third straight monthly gain, as Samsung Electronics Co. and Nintendo Co. led information technology shares lower.
S&P/ASX 200 5,632.9 +10.01 +0.18%
TOPIX 1,289.42 -2.82 -0.22%
SHANGHAI COMP 2,201.56 +20.32 +0.93%
Samsung sank 3.7 percent in Seoul as the world's biggest manufacturer of smartphones posted net income that fell short of expectations amid increased competition from Apple Inc. and Chinese producers.
Nintendo slumped 6.5 percent in Tokyo after the maker of Wii game consoles reported its third loss in the past four quarters.
Singapore Airlines Ltd. slipped 2.6 percent after Asia's second-largest carrier by market value reported weaker earnings.
(index / closing price / change items /% change)
Nikkei 225 15,646.23 +28.16 +0.18%
Hang Seng 24,732.21 +91.68 +0.37%
Shanghai Composite 2,181.24 -1.95 -0.09%
FTSE 100 6,773.44 -34.31 -0.50%
CAC 40 4,312.3 -53.28 -1.22%
Xetra DAX 9,593.68 -59.95 -0.62%
S&P 500 1,970.07 +0.12 +0.01%
NASDAQ 4,462.9 +20.20 +0.45%
Dow Jones 16,880.36 -31.75 -0.19%