Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER
Friday's European Market Update
By Trade The NewsStock MarketsOct 26, 2012 07:26AM ET
www.investing.com/analysis/friday's-european-market-update-141338
Friday's European Market Update
By Trade The News | Oct 26, 2012 07:26AM ET
Markets Await U.S. Advanced GDP Reading
Economic Data
Notes/Observations
Shares of African Barrick Gold [ABG.UK] have declined by over 2.5%,as the company reported y/y declines in its Q3 net profits and sales. Commercial services firm, CPP Group [CPP.UK] has gained over 5%, following the release of its Q3 update. Anglo American [AAL.UK] is higher by over 1% on the planned resignation of its CEO. Dutch staffing firm, USG People [USG.NL] is trading lower, as the firm reported weaker than expected Q3 revenues. In Sweden, Ericsson [ERICB.SE] has declined by over 4 % on lower than expected sales. Energy producer Statoil [STL.NO] is lower by more than 1%, as the firm's Q3 results missed expectations. Fish farmer Marine Harvest [MHG.NO] is lower by over 3%, after releasing its Q3 results. French advertising firm Publicis has declined by over 3%, following the release of its Q3 sales figures. Audio/visual firm Technicolor [TCH.FR] is higher by over 6%, after releasing its Q3 sales report.
Economic Data
- (RU) Russia Narrow Money Supply w/e Oct 22nd (RUB): 7.27 v 7.21T prior
- (DE) Germany Nov GfK Consumer Confidence: 6.3 v 5.9e
- (DE) Germany Sept Import Price Index M/M: -0.7% v +0.3%e; Y/Y: 1.8% v 2.9%e
- (FI) Finland Q3 House Prices Q/Q: 1.1% v 0.8% prior; Y/Y: 1.8% v 0.9% prior
- (FR) France Oct Consumer Confidence: 84 v 84e; Business Survey Overall Demand: -21 v -25 prior
- (ES) Spain Q3 Unemployment Rate: 25.0% v 25.0%e (record high level)
- (CH) Swiss Oct KOF Leading Indicator: 1.67 v 1.63e
- (EU) ECB: €527M borrowed in overnight loan facility €592M prior; €248.5B parked in deposit facility vs. €245.1B prior - 03:30 (SE) Sweden Sept Trade Balance (SEK): 6.0Be v 3.3B prior
- (VN) Vietnam Oct Trade Balance: -$500M v +$175M prior
- (DE) Germany Oct CPI Hesse M/M: 0.0 v 0.0% prior; Y/Y: 2.0 v 2.0% prior
- (IT) Italy Oct Business Confidence: 88.6 v 88.7e; Economic Sentiment: 76.6 v 76.0 prior
- (TW) Taiwan Sept Leading Index M/M: +0.1 v -0.1% prior; Coincident Index M/M: 0.4% v 0.3% prior
- (IT) Italy Debt Agency (Tesoro) solds total €3.0B vs. €3.0B indicated in Zero coupon Sept 2014 CTZ ; Avg Yield 2.397% v 2.532% prior; Bid-to-cover:1.65 x v 1.65 prior
- (IT) Italy Debt Agency (Tesoro) sold total €1.0B vs. €1.0B indicated in 2021 and 2026 BTPi
- Sold €674M in 2.1% I/L Sept 2021 BTPi; Yield 3.33% v 3.68%; Bid-to-cover: 2.13x v 2.26x prior
- Sold €326M in 3.1% I/L Sept 2026 BTPi Bond; Avg Yield 3.75% v 5.29% prior; Bid-to-cover: 2.71x v 2.43x prior
- (ZA) South Africa sold total ZAR800M in l I/L 2038 and 2050 Bonds
Notes/Observations
- AAPL misses and guides lower
- RBNZ Governor Wheeler sees scope for rate cuts if needed
- S&P cuts ratings of several major French banks citing economic risks
- FT comments on Finland: Parallel currency as being imaginable
- IMF on Portugal; serious downside risks exist to outlook, risks are rising for the bailout program
- Euro Zone Working Group: Greece off track an likely to badly miss bailout targets
- Markets focus on US Q3 Advanced GDP reading during NY morning
- Indices: FTSE 100 -0.60% at 5,772, DAX -0.30% at 7,177, CAC-40 -0.40% at 3,398, IBEX-35 -0.80% at 7,718, FTSE MIB -0.50% at 15,449, SMI -0.40% at 6,578, S&P 500 Futures -0.70% at 1,398
Shares of African Barrick Gold [ABG.UK] have declined by over 2.5%,as the company reported y/y declines in its Q3 net profits and sales. Commercial services firm, CPP Group [CPP.UK] has gained over 5%, following the release of its Q3 update. Anglo American [AAL.UK] is higher by over 1% on the planned resignation of its CEO. Dutch staffing firm, USG People [USG.NL] is trading lower, as the firm reported weaker than expected Q3 revenues. In Sweden, Ericsson [ERICB.SE] has declined by over 4 % on lower than expected sales. Energy producer Statoil [STL.NO] is lower by more than 1%, as the firm's Q3 results missed expectations. Fish farmer Marine Harvest [MHG.NO] is lower by over 3%, after releasing its Q3 results. French advertising firm Publicis has declined by over 3%, following the release of its Q3 sales figures. Audio/visual firm Technicolor [TCH.FR] is higher by over 6%, after releasing its Q3 sales report.
- FTSE 100 movers (Anglo American +2.9%, Weir Group +2.5%, Pearson +1.7%; Shire -2.7%, Kazakhmys -1.9%, Prudential -1.8%, ARM Holdings -1.8%, Fresnillo -1.8%)
- CAC-40 movers (Carrefour +2.4%, St. Gobain +1.8%, PPR +1.8%, EADS +1.3%; Credit Agricole -3.4%, Publicis -3%, SocGen -2.9%, BNP -2.7%, STMicroelectronics -2.4%)
- DAX movers (SAP +1.1%; Lanxess -1.8%, Daimler -1.5%, Fresenius Medical Care -1.3%, Volkswagen -1%)
- IBEX-35 movers (Gamesa +1.8%, Endesa +1%, Bankia -2.6%, Mapfre -2.3%, Red Electrica -2%, Ferrovial -1.9%, Banco de Sabadell -1.9%)
- FTSE MIB moves (Luxottica +2%; Lottomatica -2.6%, Fiat -2.5%, Campari -2.1%, Unicredit -1.5%, Exor -1.5%)
- SMI movers (Adecco -2.7%, UBS -1.7%, Credit Suisse -1.4%, Swiss Re -1.4%, SGS -1.3%)
Related Articles
S&P 500: Rally to 4400 Should Be Underway
By Dr. Arnout ter Schure - Jan 26, 2023
21
As the S&P 500 (SPX) continues to move along our primary expectation, we continue to keep an eye on the $4400 target. Namely, last week, see here, as the index had just...
Triple Threat Ahead as February Opens with Fed Decision, GDP Data,...
By TD Ameritrade - Jan 26, 2023
1
Just hours into February, investors will want to tune in for the Federal Open Market Committee’s (FOMC) latest rate decision and comments afterward from Federal Reserve...
AMD Is Still One of the Best Semiconductor Stocks Out There
By Sam Quirke - Jan 26, 2023
2
Semiconductors are starting the mother of all rallies. Among the most well-known, AMD is the pick of the bunch. All signs point to a great year ahead for investors. A mini-rally in...
Friday's European Market Update
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.