28 jun: Når lav risiko giver højt afkast
17 jul: Test
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

Høreapparater: Sivantos-ledelse vil ikke sælge sminket lig

23-10-2017 15:32:25
I de seneste snart tre år har høreapparatproducenten Sivantos været under kapitalfonden EQT's vinger, efter at svenskerne overtog høreapparataktiviteterne fra kæmpekonglomeratet Siemens i november 2014.Dermed kan man måske så småt begynde at ænse et frasalg - eller en selvstændig børsnotering af selskabet - i horisonten, da kapitalfondernes formål typisk er at modne og effektivisere deres selskabe..

Novo: Analysehus ser høj encifret markedsvækst i USA - citat

23-10-2017 12:09:27
Det amerikanske marked for diabetesbehandling vil årligt vokse med høje encifrede vækstrater i det kommende årti, vurderer analysehuset Decision Resources ifølge Bloomberg Intelligence.Fremgangen vil være drevet af nye produkter, bredere funderede tilskud og stigende forekomst af diabetes, vurderer analysehuset.Markedet for apparatur til måling af blodsukkeret ventes at klare sig bedst og vil iføl..

Aktier/middag: Banker trækker ned i C20 løftet af FLS og DSV

23-10-2017 11:27:28
Med FLSmidth og DSV som trækheste ligger det danske C20 Cap-indeks mandag ved 11.15-tiden 0,3 pct. højere i 1186,20 og følger en lettere positiv tendens på hovedparten af de øvrige børser i Europa.Markedet kunne fra morgenstunden hente støtte i stigninger i Japan, hvor investorerne reagerede positivt på, at premierminister Shinzo Abe genvandt flertallet i parlamentet.Usikkerhed er der imidlertid f..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Dobbeltløft til Novo inden blød start på aktieugen
2
Novo: Analysehus ser høj encifret markedsvækst i USA - citat
3
Novo/SHB: Kursmål sættes op til 403 kr. fra 357 kr. - NY
4
Aktier/Sydbank: Der skal opjusteringer til for at forlænge aktiefesten
5
Storbanks mistænkte valutasvindel fanget på bånd

Relaterede aktiekurser

Aegon N.V. 5,91 0,0% Aktiekurs uændret
Banco Santander S.A. Spo.. 6,49 0,0% Aktiekurs uændret
Aegon 5,05 0,0% Aktiekurs uændret
Veolia Environ 20,12 0,0% Aktiekurs uændret
Banco Macro S.A. ADR (re.. 133,50 0,0% Aktiekurs uændret
Banco Bilbao Vizcaya Arg.. 8,43 0,0% Aktiekurs uændret
Banco Santander S.A. ORD.. 495,15 0,0% Aktiekurs uændret
Banco Bilbao Vizcaya Arg.. 7,18 0,0% Aktiekurs uændret
Banco Bilbao Vizc 7,35 0,0% Aktiekurs uændret
Banco Santander 5,56 0,0% Aktiekurs uændret
Banco Santander 5,55 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
24. oktober 2017 02:06:11
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20171023.1 - EUROWEB7 - 2017-10-24 02:06:11 - 2017-10-24 02:06:11 - 1 - Website: OKAY