U.S. Stocks Fall, Paring S&P 500 Best Monthly Gain Since 2011

U.S. stocks fell, paring the best month for the Standard & Poor’s 500 Index since 2011, as the economy expanded at a slower pace in the fourth quarter than previously reported and technology shares slumped.

The S&P 500 fell 0.3 percent to 2,104.48 at 4 p.m. in New York. The Dow Jones Industrial Average retreated 81.53 points, or 0.5 percent, to 18,132.89. The Nasdaq Composite Index lost 0.5 percent.

Gross domestic product, the value of all goods and services produced, rose at a 2.2 percent annualized rate, down from an initial estimate of 2.6 percent, Commerce Department figures showed. The median forecast of 83 economists surveyed by Bloomberg called for a 2 percent pace.

Source: Bloomberg

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Sumber : bpfnews.com

European Stocks Climb Amid Airbus Earnings, U.S. Confidence Data

European stocks advanced, extending their highest level since 2007, amid better-than-expected financial results from companies including Airbus Group NV, and U.S. consumer sentiment data.

The Stoxx Europe 600 Index rose 0.4 percent to 392.21 at the close of trading. Shares earlier fell as much as 0.3 percent, before advancing as a report showed the University of Michigan final index of sentiment fell this month less than analysts estimated. The Stoxx 600 rallied 6.9 percent in February, pushing gains this year to 15 percent, as Greece reached a bailout deal and the European Central Bank announced quantitative easing.

Airbus advanced 7.2 percent. The European aerospace company reported a 15 percent gain in annual profit after increasing commercial plane deliveries. It also said it would boost monthly production of its A320 single-aisle aircraft to 50 a month by 2017.

Sika AG climbed 2.4 percent. The Swiss adhesives maker resisting a takeover by Cie. de Saint-Gobain SA reported full-year earnings that beat analyst estimates, helped by sales growth in all regions and demand for its mortar business.

Source: Bloomber

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Sumber : bpfnews.com

U.S. Stocks Fluctuate, Dollar Slips on Economic Data; Oil Rises

U.S. stocks fluctuated, with benchmark indexes headed for the best month since 2011, while Treasuries strengthened as investors assessed economic data for clues on the timing of any interest-rate increase. Oil advanced.

The Standard & Poors 500 Index added 0.1 percent at 12:27 p.m. in New York. It has gained 5.8 percent in February. The Stoxx Europe 600 rose 0.3 percent. The Bloomberg Dollar Spot Index fell 0.1 percent, while the yield on 10-year Treasury notes lost two basis points to 2.01 percent. The yield on similar-maturity German bunds rose three basis points to 0.33 percent as consumer prices in the region signaled an easing of deflation risks. The euro was little changed at $ 1.1195. West Texas Intermediate crude added 1.9 percent to $ 49.10 a barrel.

U.S. gross domestic product rose at a 2.2 percent annualized rate in the fourth quarter, down from an initial estimate of 2.6 percent, Commerce Department figures showed. Consumer spending climbed by the most in four years last quarter, while consumer confidence cooled in February from an 11-year high. Consumer prices from Germany to Italy and Spain signaled an easing of deflation risks in the euro area.

Source: Bloomberg

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Sumber : bpfnews.com

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