Date: Thursday 09 Aug 2012
LONDON (ShareCast) - - Stocks up slightly
- Nestle results drive sentiment
- Nokia surges on app business sale
FTSE 100: +0.01%
Dax 30: -0.06%
Stoxx 600: +0.33%
Cac 40: +0.47%
Ibex 35: -0.63%
FTSE MIB: -0.01%
Most major European stock markets posted small gains on Thursday as Chinese inflation offered no surprises.
The cost of living in China rose 1.8% in July, compared to the same month last year. This was broadly in line with expectations.
There were some significant shifts for shorter term sovereign bonds on Thursday as investors pondered whether the European Central Bank (ECB) has the firepower and political backing to ease Europe’s debt crisis.
The two-year Italian bond yield had climbed seven basis points by 15:23 in London to 3.27% while Spanish equivalents had gained 16 basis points to 4.03%.
This implies investors are losing patience with the ECB’s protestation that it “would do whatever it takes to preserve the euro”. President Mario Draghi’s comments at the beginning of the month had brought borrowing costs down but, at the shorter end of the spectrum, they are rising once again.
COMPANIES
The strongest sector on the Stoxx Europe 600 was personal and household goods, which climbed 0.33%.
The influential Swiss company, Nestle - the world’s biggest food business - climbed over 2% as sales gained 6.6% in the first half of the year, ahead of the 6.3% consensus forecast.
Former mobile champion now struggling also-ran, Nokia, rose 6.5% after selling an app business.
Deutsche Telekom, the owners of the T-Mobile brand, fell as it disclosed its US business had shed over half a million customers in the second quarter.
OTHER MARKETS
The euro fell 0.72% against the dollar to stand at $1.2276 by 16:57 in london.
BS
Email this article to a friend
or share it with one of these popular networks:
Currency | Euro |
Share Price | 3.29 |
Change Today | -0.01 |
% Change | -0.39 % |
52 Week High | 4.5 |
52 Week Low | 2.8 |
Volume | 2,434,686 |
Shares Issued | 3,682.59m |
Market Cap | 12,131m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 3 |
Buy | 5 |
Neutral | 13 |
Sell | 2 |
Strong Sell | 2 |
Total | 25 |
Latest | Previous | |
---|---|---|
Final | Final | |
Ex-Div | n/a | n/a |
Paid | n/a | n/a |
Amount | 16.00¢ | 16.00¢ |
Time | Volume / Share Price |
18:09 | 17,530 @ 3.29 |
17:57 | 1,041 @ 3.30 |
17:56 | 74,309 @ 3.29 |
17:56 | 7,768 @ 3.30 |
17:49 | 713 @ 3.29 |
You are here: research