This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Deal: Global Stocks Mixed as Strong Germany Trade Data Fails to Excite

Stocks in this article: ABX

LONDON (The Deal) -- Global stocks were mixed on Tuesday, with strong trade data from Germany failing to provide sufficient impetus to break a three-day losing streak for some European indices.

Both German exports and imports rose more than expected in January from the previous month, rising 2.2% and 4.1%, respectively, after contracting in December, Germany's Federal Statistical Office said.

In the U.K., industrial output rose 2.9% in January from the year before, well up on the 1.9% December growth rate but a shade lower than consensus expectations, the Office for National Statistics reported. Manufacturing output rose 3.3% in the year, as expected, with the 0.4% monthly rise just ahead of forecasts.

In London, the FTSE was down 0.22% at 6,674.95. In Frankfurt the DAX crept up 0.04% to 9,269.64 and in Paris, the CAC-40 dropped 0.08% to 4,267.4.

In London, African Barrick Gold pwas down almost 13% after Canada's Barrick Gold (ABX) sold a 10% stake in a placing, reducing its holding to 63.9%.

Investment bank Close Brothers Group rose sharply after delivering first-half results ahead of expectations with profit growth across all three divisions -- banking, securities and wealth management. Daniel Stewart & Co. analyst Simon Willis put its share price on review for a potential upgrade, writing that the valuation is "not demanding."

Real estate consultancy Foxtons Group edged higher after it delivered its first full-year results since its September IPO, noting that revenue rose 16% in 2013 to 139.2 million pounds ($231.6 million), with pretax profit up almost 57% at 38.9 million pounds. It said it's had a good start to the year but the eventual outcome will depend in large part on how many homes get put on the market. Its shares are trading at 377.90 pence, up from their IPO price of 230 pence.

In Switzerland, bathroom fittings maker Geberit rose after announcing former McKinsey & Co. consultant Christian Buhl will become CEO next year, replacing Albert Baehny. Posting full-year results that met forecasts, the company warned that 2014 would be a demanding year because of continued weakness in much of the European construction market. It also warned that a weak pipeline of public construction projects in North America will affect its business.

In Tokyo, the Nikkei closed up 0.69% to 15,224.11 as the Bank of Japan left monetary policy unchanged.

In Hong Kong, the Hang Seng was little changed, closing at 22,269.61, 0.02% up on Monday.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,192.99 +218.68 1.29%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.2260 +17.00 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs