This Day On The Street
Continue to site
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

The Deal: Global Stocks Mixed Ahead of U.S. Retail Sales Data

LONDON (The Deal) -- Global indices were mixed on Thursday amid anxiousness about a weekend referendum in the Ukrainian peninsula of Crimea and ahead of jobs and retail sales data from the U.S. 

Meanwhile, New Zealand became the first developed economy to break out from the low-rate huddle. The central bank lifted the benchmark rate to 2.75% from 2.5%. The country has enjoyed accelerating growth on the back of a boom in dairy exports to China and other Asian markets and the central bank's chief said the rate rise was designed to ensure monetary policy didn't fuel demand.

In London, the FTSE was little changed, up 0.01% at 6,621.63. The U.K.'s fourth-largest food retailer Wm Morrison Supermarkets, retail market leader Tesco, and No. 2 J Sainsbury all plunged after Morrison confirmed a slump in full-year profit, forecast a further decline in the current year and announced a restructuring designed to capture market share from the discounters.

In Frankfurt, the DAX rose 0.21% to 9,207.98. Airline Deutsche Lufthansa was up almost 6% after predicting a profit improvement in the current year and reinstating dividend payments.

In Paris, the CAC-40 was up 0.29% at 4,318.90.

In Zurich, recruitment services company Adecco was down more than 6% after its largest shareholder, Jacobs Holding AG, a family investment entity, sold a 16% stake for about Sfr21.6 million ($2.5 billion).

In Tokyo, the Nikkei closed down 0.10% at 14,815.98. Hong Kong's Hang Seng missed out on the gains enjoyed by mainland indices to close down 0.67% at 21,756.08. Mainland indices moved higher following reports the country's securities regulator may start letting companies sell preferred shares, beginning with banks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%
TSLA $205.27 0.00%
YHOO $44.66 0.00%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs