Showing posts with label Siemens. Show all posts
Showing posts with label Siemens. Show all posts
Tuesday, September 28, 2010
Monday, September 27, 2010
Thursday, September 23, 2010
Tuesday, September 21, 2010
Thursday, September 16, 2010
Monday, September 13, 2010
Wednesday, September 1, 2010
European and North American Markets Review – September 1st 2010
Bulls Ruled Europe and North America
Better-than-expected economic data from China and US triggered hefty gains in Europe and North America on Wednesday. DAX index jumped 158.68 points to end at 6,083.90 or up 2.68%, while FTSE 100 rallied towards 5,366.41 or gained 2.70%. North American markets also rallied, with the Dow ended at 10,269.47 after leaping 254.75 points throughout the day, Nasdaq Composite gained 2.97% to settle at 2,176.84, while S&P 500 landed at 1,080.29 after a 2.95% rise.
Data, Data, Data …
After China PMI triggered a mood swing towards positive in Asia, the effect still lingered throughout midday Europe (for China data, read previous post). Then, US data were out, and despite the ADP report went in below the expectations, ISM data posted a better-than-expected reading and thus further powered the rally among European and North American shares.
ADP report showed that 10,000 jobs were cut in August, against a gain of 37,000 jobs in the previous month. The market had expected an addition of 20,000 jobs into the private sector in August. The missed result was unable to stop the rally that already brought over 100 points of gains on Dow Jones index.
The boost came from the Institute for Supply Management (ISM) index for the manufacturing sector that beat the expectation of a fall towards 53.00. Instead of falling, the index rose from 55.5 in July to 56.3 in August, indicating that manufacturing activity remained robust throughout August.
Final piece of the economic data on Wednesday was construction spending that declined 1% to $805.2 billion. June’s figure was revised down to -0.8% against prior estimate of +0.1%.
Earlier, European data showed unimpressive results. German PMI for manufacturing sector was stagnant at 58.2 in August, the same as July’s level. UK’s PMI for manufacturing unexpectedly fell from 56.9 to 54.3, below the expected rise to 57.0. Meanwhile, retail sales fell 0.3% (m/m) in Germany while on the year-on-year basis sales grew 0.8% after a 4.7% jump in prior month.
More data to come on Thursday, as US jobless claims and pending home sales will grab the market’s attention aside from other data coming from Europe. Claims were expected to rise again to 478,000 after it dropped towards 473,000. Pending home sales were expected to fall 1.5% in July, at a better pace than June’s -2.6%.
Daimler AG gained significantly to €40.46 or 5.46% higher than Tuesday’s close after UBS raised its rating from SELL to NEUTRAL.
BMW bea
t Toyota’s Lexus at the American market for luxury cars in August as the sales climbed to 19,540. 1 Series and 7 Series had their sales up by 53% and 42%, respectively. Lexus however, declined 15% to 19,465. Daimler’s Mercedes sales were up 10% to 18,826 units, as the E-Class contributed a month-on-month increase of 26% in August while since the start of the year its sales were up 71%. BMW gained 2.99% at €42.91 while Volkswagen advanced 2.24% to €73.36.
Among the three, Lexus was on top with 145,490 units (+11%), Mercedes in the second place with 139,867 units (+18%), and BMW next at 139,236 units (+7.8%). Further down, Ford Motor Co. had 6,428 units of Lincoln models sold (+9.4%), Volkswagen’s Audi with 9,182 units (+14%) along with its Porsche’s sales of 2,032 units (+33%). Honda’s Acura and Nissan’s Infiniti sales were a 11,534 units (+20%) and 9,428 units (+22%), respectively.
BP will resume the work of plugging of its well in the Gulf of Mexico on Thursday which had been held by rough seas since August 30th. BP’s shares hovered at 388.75 pence at the end of the session.
Shares with significant gains in Europe were Daimler at the top (+5.46%), Barclays Plc. (+4.33%) and Deutsche Boerse (+3.69%).
Eyes on Apple
Apple demonstrated its new iPods, iTunes and Apple TV. It also introduced iTunes software with more social-networking features that enable users to see their friends’ downloading activities. Apple TV’s set-top box was revamped, video rentals fees were lowered, and Netflix’s content was made available for streaming. Apple unveiled iOS 4.1 at the event, which would be available next week for iPhone and iPod touch via free download. The OS will include GameCenter for multiplayer gaming. Subsequent version, iOS 4.2 will be launched later in November and it would be for iPad, with features like wireless printing, streaming videos and photos. The new iPod Nano will be 46% smaller, 42% lighter, with 24 hour audio playback battery life. The new iTunes 10 will include Ping, as music social network. Apple’s CEO Steve Jobs also said that Disney’s ABC and News Corp’s Fox are available on Apple TV. The new Apple TV will cost $99, has no storage management, and can stream content from computer. It will be available in four weeks time. Apple was placed with an OUTPERFORM rating at MP Securities with price target at $290. Apple gained nearly 3% and ended the day at $250.33.
Amazon.co
m led the North American gainers on Wednesday as it leaped to $132.49 - over 6% gains – as the company was reportedly approaching media companies to start an online video-subscription service to compete with Netflix. One of them was Time Warner Inc.
From Citigroup, the bank will lower the balance requirements of its basic account to reach more customers. The Citigold customers can now be free from monthly fees if the balance requirements are met, which was set at $50,000. Citigroup was up 3.73% at $3.85.
Other ratings revisions were Wal-Mart which was downgraded to SELL from BUY at Crowell Weeden, while Siemens AG downgraded to HOLD from BUY by Deutsche Bank. Wal-Mart ended up 2.11% at $51.20 and Siemens ended at €73.89 or up 2.94%.
Other top gainers were Bank of America with 6.08% jump to $13.21 and Halliburton Co. at $29.73 or up 5.39%.
Better-than-expected economic data from China and US triggered hefty gains in Europe and North America on Wednesday. DAX index jumped 158.68 points to end at 6,083.90 or up 2.68%, while FTSE 100 rallied towards 5,366.41 or gained 2.70%. North American markets also rallied, with the Dow ended at 10,269.47 after leaping 254.75 points throughout the day, Nasdaq Composite gained 2.97% to settle at 2,176.84, while S&P 500 landed at 1,080.29 after a 2.95% rise.
Data, Data, Data …
After China PMI triggered a mood swing towards positive in Asia, the effect still lingered throughout midday Europe (for China data, read previous post). Then, US data were out, and despite the ADP report went in below the expectations, ISM data posted a better-than-expected reading and thus further powered the rally among European and North American shares.
ADP report showed that 10,000 jobs were cut in August, against a gain of 37,000 jobs in the previous month. The market had expected an addition of 20,000 jobs into the private sector in August. The missed result was unable to stop the rally that already brought over 100 points of gains on Dow Jones index.
The boost came from the Institute for Supply Management (ISM) index for the manufacturing sector that beat the expectation of a fall towards 53.00. Instead of falling, the index rose from 55.5 in July to 56.3 in August, indicating that manufacturing activity remained robust throughout August.
Final piece of the economic data on Wednesday was construction spending that declined 1% to $805.2 billion. June’s figure was revised down to -0.8% against prior estimate of +0.1%.
Earlier, European data showed unimpressive results. German PMI for manufacturing sector was stagnant at 58.2 in August, the same as July’s level. UK’s PMI for manufacturing unexpectedly fell from 56.9 to 54.3, below the expected rise to 57.0. Meanwhile, retail sales fell 0.3% (m/m) in Germany while on the year-on-year basis sales grew 0.8% after a 4.7% jump in prior month.
More data to come on Thursday, as US jobless claims and pending home sales will grab the market’s attention aside from other data coming from Europe. Claims were expected to rise again to 478,000 after it dropped towards 473,000. Pending home sales were expected to fall 1.5% in July, at a better pace than June’s -2.6%.
Daimler AG gained significantly to €40.46 or 5.46% higher than Tuesday’s close after UBS raised its rating from SELL to NEUTRAL.
BMW bea
t Toyota’s Lexus at the American market for luxury cars in August as the sales climbed to 19,540. 1 Series and 7 Series had their sales up by 53% and 42%, respectively. Lexus however, declined 15% to 19,465. Daimler’s Mercedes sales were up 10% to 18,826 units, as the E-Class contributed a month-on-month increase of 26% in August while since the start of the year its sales were up 71%. BMW gained 2.99% at €42.91 while Volkswagen advanced 2.24% to €73.36.Among the three, Lexus was on top with 145,490 units (+11%), Mercedes in the second place with 139,867 units (+18%), and BMW next at 139,236 units (+7.8%). Further down, Ford Motor Co. had 6,428 units of Lincoln models sold (+9.4%), Volkswagen’s Audi with 9,182 units (+14%) along with its Porsche’s sales of 2,032 units (+33%). Honda’s Acura and Nissan’s Infiniti sales were a 11,534 units (+20%) and 9,428 units (+22%), respectively.
BP will resume the work of plugging of its well in the Gulf of Mexico on Thursday which had been held by rough seas since August 30th. BP’s shares hovered at 388.75 pence at the end of the session.
Shares with significant gains in Europe were Daimler at the top (+5.46%), Barclays Plc. (+4.33%) and Deutsche Boerse (+3.69%).
Eyes on Apple
Apple demonstrated its new iPods, iTunes and Apple TV. It also introduced iTunes software with more social-networking features that enable users to see their friends’ downloading activities. Apple TV’s set-top box was revamped, video rentals fees were lowered, and Netflix’s content was made available for streaming. Apple unveiled iOS 4.1 at the event, which would be available next week for iPhone and iPod touch via free download. The OS will include GameCenter for multiplayer gaming. Subsequent version, iOS 4.2 will be launched later in November and it would be for iPad, with features like wireless printing, streaming videos and photos. The new iPod Nano will be 46% smaller, 42% lighter, with 24 hour audio playback battery life. The new iTunes 10 will include Ping, as music social network. Apple’s CEO Steve Jobs also said that Disney’s ABC and News Corp’s Fox are available on Apple TV. The new Apple TV will cost $99, has no storage management, and can stream content from computer. It will be available in four weeks time. Apple was placed with an OUTPERFORM rating at MP Securities with price target at $290. Apple gained nearly 3% and ended the day at $250.33.
Amazon.co
m led the North American gainers on Wednesday as it leaped to $132.49 - over 6% gains – as the company was reportedly approaching media companies to start an online video-subscription service to compete with Netflix. One of them was Time Warner Inc.From Citigroup, the bank will lower the balance requirements of its basic account to reach more customers. The Citigold customers can now be free from monthly fees if the balance requirements are met, which was set at $50,000. Citigroup was up 3.73% at $3.85.
Other ratings revisions were Wal-Mart which was downgraded to SELL from BUY at Crowell Weeden, while Siemens AG downgraded to HOLD from BUY by Deutsche Bank. Wal-Mart ended up 2.11% at $51.20 and Siemens ended at €73.89 or up 2.94%.
Other top gainers were Bank of America with 6.08% jump to $13.21 and Halliburton Co. at $29.73 or up 5.39%.
Tuesday, August 31, 2010
European and North American Review – August 31st 2010
US Shares Flat as Market Awaited for More Data
European bourses ended up on Tuesday, helped by US data which came in above the expectation. German DAX was lifted 12.81 points to 5,925.22 (+0.2%), and FTSE 100 index was up 23.66 points to 5,225.22 or up 0.5%. European data released on the same day also showed improvements.
In August, GfK consumer confidence survey index was edging higher from -22 to -18, beating the consensus of a drop to -24. German data continued to be encouraging. The jobless number was down 17,000 in August, although the unemployment rate remained at 7.6%. Euro-Zone’s unemployment rate stayed high however, at 10% in August. Another economic data from Europe showed CPI slowed from increasing by 1.7% in July to 1.6% in August.
This Wednesday, along with US ISM for manufacturing sector, PMI for manufacturing sector will be released in Germany and UK. German PMI is expected to be unchanged at 58.2, the same as in July, while UK PMI is seen to slip to 57.0 from 57.3.
On the corporate front, Bayer AG successfully proved that its Xarelto was as effective as the old warfarin drug. The medication could land Bayer in a lucrative market worth $10 billion to $20 billion of annual profit. Bayer gained 2.43% by the end of the day and closed at €48.18.
Allianz SE aimed at China and India as potentially strategic markets with high potential of both life and non-life insurance business growth in Asia Pacific. Throughout the first half of 2010 Allianz achieved 31% increase in written premiums worth €5.6 billion with life insurance as the lead contributor. For Asia Pacific, life insurance worth $4.1 billion with Taiwan as the biggest contributor, while for non-life, India and Malaysia led the market. Allianz was at €80.94 at the end of the day.
Siemens Enterprise Communications, jointly owned by Siemens AG and The Gores Group acquired a contract to build communication infrastructures for 165,000 ports from the German Federal Employment Agency. The contract was worth over 100 million euros and will span for eight years. It will be a full service contract which includes provision of software and hardware as well as end-user devices. Siemens was up 0.59% to €71.78 on Tuesday.
HSBC plann
ed to exit its entire consumer lending business in the US by the end of 2014. The most recent move from the British bank was to sell its auto loans business to Santander Consumer USA with the price tag of $3.56 billion. The value of the loans obtained by Santander was $4.3 billion. HSBC was settled at 643.70 pence or up 1.05%.
Joining Bayer and HSBC as the top gainers, Vodafone advanced 2.31% to 157.15 pence. At the bottom, Barclays Plc, BT Group, and the bourse operator Deutsche Boerse ended down 1.1%, 0.75% and 0.65%, respectively.
The North American market was boosted earlier by data from the Conference Board but unable to withhold the gains as the Dow pulled back to near flat along with S&P 500 and Nasdaq Composite indexes. Dow Jones index inched up 4.99 points to 10,014.70, S&P 500 index went 0.04% higher to 1,049.33, but Nasdaq slipped 5.94 points to 2,114.03.
Consumer confidence improved in August, according to the data from the C
onference Board. The index went up to 53.5 from the upwardly revised July’s 51.0. Initially, July’s index was at 50.4. The current situation index fell to 24.9 from 26.4, while the expectations index went up to 72.5 from 67.5. Another data due on Tuesday was the house prices from Case-Shiller. In June, prices went up 1% compared to May; while year-on-year the prices were 4.2% higher. Despite the data was positive, it should be noted that the data lagged two months as it reported June, not the most recent August market conditions. The Dow’s late slip back to the flat area was mostly due to the FOMC minutes which was lacking new leads to lift the mood, turning the market back to the cautionary mode as it waits for more data to come.
Motorola which would be split in early next year would have the mobile phone division some cash amounting to $3.5 billion, which would be used for operational needs and business expansions as well as potential acquisitions. Motorola stayed flat by the end of Tuesday at $7.52.
Microsoft was reportedly developing a search application for the Google Android platform. The application which going to be available for free for Verizon Wireless users will be the mobile version of Microsoft’s Bing. Microsoft ended at $23.47 or down 0.74%.
Google and Associated Press reached an agreement in the distribution of AP’s news materials. Google will have the right to host AP’s materials for two years ahead. Google was down 0.59% at $450.02 by the end of the session.
3M acquired
Cogent in a deal worth $943 million. The maker of the fingerprint identification systems for government and civilians was bought at $10.50 a share, or 18% above Cogent’s closing price on Friday. 3M fell however, to $78.55 or 1.38%.
JP Morgan Chase & Co. would shut down its proprietary trading desk for commodities to abide the Volcker Rule. Consequently, all of its proprietary trading desk will be closed completely. Volcker Rule, which was a result of the recent banking reform in the US, was expected to reduce JP Morgan’s annual profit by $1.4 billion. JP Morgan was at $36.36 in late New York, up 1.42%.
On downgrades and upgrades, Intel Corp. was downgraded at Charter Equity from BUY to MARKET PERFORM on the back of the recent earnings revision for 3Q 2010. Gleacher & Co. maintained Intel at BUY, while FBR Capital also kept Intel at MARKET PERFORM. Intel was down 1.64% to $17.67.
Gainers on Tuesday include AT&T (+1.5%), JP Morgan & Chase (+1.42%), and Merck & Co. (+1.24%). Languishing at the bottom were AMD (-2.94%), Dell (-2.08%) and Starbucks (-1.92%).
Wednesday’s focus will be on the ADP employment data, a guide to Friday’s non-farm payrolls figure. Another key data for the day will be ISM for manufacturing sector. ADP employment figure is expected to show an increase of private sector’s hiring by 20,000 compared to July’s 42,000. ISM for manufacturing sector however, is seen to edge down to 53.0 from 55.5.
European bourses ended up on Tuesday, helped by US data which came in above the expectation. German DAX was lifted 12.81 points to 5,925.22 (+0.2%), and FTSE 100 index was up 23.66 points to 5,225.22 or up 0.5%. European data released on the same day also showed improvements.
In August, GfK consumer confidence survey index was edging higher from -22 to -18, beating the consensus of a drop to -24. German data continued to be encouraging. The jobless number was down 17,000 in August, although the unemployment rate remained at 7.6%. Euro-Zone’s unemployment rate stayed high however, at 10% in August. Another economic data from Europe showed CPI slowed from increasing by 1.7% in July to 1.6% in August.
This Wednesday, along with US ISM for manufacturing sector, PMI for manufacturing sector will be released in Germany and UK. German PMI is expected to be unchanged at 58.2, the same as in July, while UK PMI is seen to slip to 57.0 from 57.3.
On the corporate front, Bayer AG successfully proved that its Xarelto was as effective as the old warfarin drug. The medication could land Bayer in a lucrative market worth $10 billion to $20 billion of annual profit. Bayer gained 2.43% by the end of the day and closed at €48.18.
Allianz SE aimed at China and India as potentially strategic markets with high potential of both life and non-life insurance business growth in Asia Pacific. Throughout the first half of 2010 Allianz achieved 31% increase in written premiums worth €5.6 billion with life insurance as the lead contributor. For Asia Pacific, life insurance worth $4.1 billion with Taiwan as the biggest contributor, while for non-life, India and Malaysia led the market. Allianz was at €80.94 at the end of the day.
Siemens Enterprise Communications, jointly owned by Siemens AG and The Gores Group acquired a contract to build communication infrastructures for 165,000 ports from the German Federal Employment Agency. The contract was worth over 100 million euros and will span for eight years. It will be a full service contract which includes provision of software and hardware as well as end-user devices. Siemens was up 0.59% to €71.78 on Tuesday.
HSBC plann
ed to exit its entire consumer lending business in the US by the end of 2014. The most recent move from the British bank was to sell its auto loans business to Santander Consumer USA with the price tag of $3.56 billion. The value of the loans obtained by Santander was $4.3 billion. HSBC was settled at 643.70 pence or up 1.05%.Joining Bayer and HSBC as the top gainers, Vodafone advanced 2.31% to 157.15 pence. At the bottom, Barclays Plc, BT Group, and the bourse operator Deutsche Boerse ended down 1.1%, 0.75% and 0.65%, respectively.
The North American market was boosted earlier by data from the Conference Board but unable to withhold the gains as the Dow pulled back to near flat along with S&P 500 and Nasdaq Composite indexes. Dow Jones index inched up 4.99 points to 10,014.70, S&P 500 index went 0.04% higher to 1,049.33, but Nasdaq slipped 5.94 points to 2,114.03.
Consumer confidence improved in August, according to the data from the C
onference Board. The index went up to 53.5 from the upwardly revised July’s 51.0. Initially, July’s index was at 50.4. The current situation index fell to 24.9 from 26.4, while the expectations index went up to 72.5 from 67.5. Another data due on Tuesday was the house prices from Case-Shiller. In June, prices went up 1% compared to May; while year-on-year the prices were 4.2% higher. Despite the data was positive, it should be noted that the data lagged two months as it reported June, not the most recent August market conditions. The Dow’s late slip back to the flat area was mostly due to the FOMC minutes which was lacking new leads to lift the mood, turning the market back to the cautionary mode as it waits for more data to come.Motorola which would be split in early next year would have the mobile phone division some cash amounting to $3.5 billion, which would be used for operational needs and business expansions as well as potential acquisitions. Motorola stayed flat by the end of Tuesday at $7.52.
Microsoft was reportedly developing a search application for the Google Android platform. The application which going to be available for free for Verizon Wireless users will be the mobile version of Microsoft’s Bing. Microsoft ended at $23.47 or down 0.74%.
Google and Associated Press reached an agreement in the distribution of AP’s news materials. Google will have the right to host AP’s materials for two years ahead. Google was down 0.59% at $450.02 by the end of the session.
3M acquired
Cogent in a deal worth $943 million. The maker of the fingerprint identification systems for government and civilians was bought at $10.50 a share, or 18% above Cogent’s closing price on Friday. 3M fell however, to $78.55 or 1.38%.JP Morgan Chase & Co. would shut down its proprietary trading desk for commodities to abide the Volcker Rule. Consequently, all of its proprietary trading desk will be closed completely. Volcker Rule, which was a result of the recent banking reform in the US, was expected to reduce JP Morgan’s annual profit by $1.4 billion. JP Morgan was at $36.36 in late New York, up 1.42%.
On downgrades and upgrades, Intel Corp. was downgraded at Charter Equity from BUY to MARKET PERFORM on the back of the recent earnings revision for 3Q 2010. Gleacher & Co. maintained Intel at BUY, while FBR Capital also kept Intel at MARKET PERFORM. Intel was down 1.64% to $17.67.
Gainers on Tuesday include AT&T (+1.5%), JP Morgan & Chase (+1.42%), and Merck & Co. (+1.24%). Languishing at the bottom were AMD (-2.94%), Dell (-2.08%) and Starbucks (-1.92%).
Wednesday’s focus will be on the ADP employment data, a guide to Friday’s non-farm payrolls figure. Another key data for the day will be ISM for manufacturing sector. ADP employment figure is expected to show an increase of private sector’s hiring by 20,000 compared to July’s 42,000. ISM for manufacturing sector however, is seen to edge down to 53.0 from 55.5.
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