05 jul: Europa/aktier: ECB skuffede markederne
06 jul: Amazon vil lave iPhone-konkurrent - bureau
05-07-2012 23:18:00

ADR Report: Shares Fall as Central Banks' Actions Disappoint

Relateret indhold

By Nathalie Tadena

International companies trading in New York closed lower Thursday, as European Central Bank President Mario Draghi's comments that fears of a broad economic slowdown across the euro zone had materialized, justifying the ECB's decision to cut its interest rates to historic lows, weighed on investor sentiment.

The Bank of New York index of ADRs fell 1.5% to 119.78.

The ECB was among several central banks to disclose easing measures Thursday, cutting its refinance rate by 25 basis points to a record low of 0.75%. The Bank of England kept its important rate unchanged, but increased the size of its bond-buying program by 50 billion pounds ($77.96 billion). China's central bank also lowered interest rates for the second time in less than a month.

Shares of Spanish banks Banco Santander S.A. (SAN, SAN.MC) fell 5.3% to $6.31 and Banco Bilbao Vizcaya Argentaria S.A. (BBVA, BBVA.MC) slipped 5.8% to $6.60, amid disappointment that the ECB didn't indicate it would pump more money into the banking system.

The European index fell 1.8% to 110.40.

Elsewhere in the region, Veolia Environment S.A.'s (VE, VIE.FR) shares fell 8.6% to $11.65 after UBS downgraded its stock-investment rating on the French utility company to sell from neutral and reduced its target price.

ING downgraded Aegon NV (AEG, AGN.AE) to hold from buy on macroeconomic headwinds and a limited upside potential for the share price. Shares of the Dutch life-insurance and pension company were off 5.9% to $4.47.

The Asian index slid 1.1% to 119.76.

VisionChina Media Inc. (VISN) lowered its second-quarter earnings view amid declining revenue from its Internet-based businesses and other factors, including slower-than-expected advertising spending by small and midsize clients. Shares dropped 22% to 73 cents.

Ambow Education Holding Ltd. (AMBO) reported Wednesday it swung to a loss in its first quarter, while analysts had projected a quarterly profit, and also posted revenue below analyst expectations. The China-based education company also issued a downbeat revenue forecast for the second quarter and full year and disclosed the resignation of its chief financial officer. Shares sank 20% to $3.73.

The Latin American index traded down 1.5 points to 322.95 while the emerging-markets index ended about 1% lower at 273.76.

The New York-listed shares of Argentine banks closed lower Thursday, after President Cristina Kirchner said she will force banks to make cheap loans to businesses as her government tries to revive a rapidly slowing economy. BBVA Banco Frances SA (BFR, FRAN.BA), a subsidiary of Spain's Banco Bilbao Vizcaya Argentaria, fell 7.9% to $3.37. Banco Macro SA (BMA, BMA.BA) declined 8.2% to $12.47, while Grupo Financiero Galicia SA (GGAL, GGAL.BA) closed 6.5% lower at $4.39.

Write to Nathalie Tadena at nathalie.tadena@dowjones.com.

(END) Dow Jones Newswires

July 05, 2012 17:18 ET (21:18 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Delårsrapport 2015 for Euroinvestor.com A/S

28-08-2015 12:51:53
Fondsbørsmeddelelse nr. 9. 2015 28. august 2015 Rekordresultat efter 1. halvår Euroinvestor.com A/S opnåede i 1. halvår 2015 en omsæt..

Novo/Leerink: Dækning indledes med "marketperform" og mål 374

28-08-2015 07:28:52
Novo Nordisk får opmærksomhed fra den amerikanske "health care"-investmentbank Leerink Partners, der indleder dækning af medicinalkoncernen med anbefalingen "ma..

Novo Nordisk køber to amerikanske virksomheder - NY

27-08-2015 15:13:31
Novo Nordisk udvider sin portefølje af projekter inden for diabetes og fedme med opkøbet af de to amerikanske forskningsvirksomheder Calibrium LLC og MB2 LLC.De..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Fald i Kina varsler ny uro
2
Mærsk: Sender succesfuld opfindelse på markedet - avis
3
Analytikere: Begivenhedsrig uge i vente med mange nøgletal
4
Bavarian/ugebrev: Hedgefond-angreb uden betydning
5
Feds Fischer: Inflationen vil stige, og vi holder kursen

Relaterede aktiekurser

Aegon 5,47 -1,1% Fald i aktiekurs
Veolia Environ 19,55 -0,7% Fald i aktiekurs
Aegon N.V. 6,20 0,0% Aktiekurs uændret
Bbva Banco Frances S.A. .. 16,83 0,0% Aktiekurs uændret
Banco Santander SA 6,20 0,0% Aktiekurs uændret
VisionChina Media Inc- A.. 9,26 0,0% Aktiekurs uændret
Grupo Financiero Galicia.. 19,56 0,0% Aktiekurs uændret
Banco Macro S.A. 45,18 0,0% Aktiekurs uændret
Banco Bilbao Vizcaya Arg.. 9,37 0,0% Aktiekurs uændret
Banco Santander 5,46 -1,4% Fald i aktiekurs
Banco Santander S.A. ORD.. 404,63 0,6% Stigning i aktiekurs
Banco Bilbao Vizcaya Arg.. 8,36 0,1% Stigning i aktiekurs
Banco Bilbao Vizc 8,00 0,0% Aktiekurs uændret
Banco Santander 5,59 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
31. august 2015 10:50:06
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150824.1 - EUROWEB1 - 2015-08-31 10:50:06 - 2015-08-31 10:50:06 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x