Tuesday, January 19, European stock markets, despite the sudden drop in the index of economic expectations ZEW investor in Germany, have demonstrated positive dynamics on the background of strengthening the market in the pharmaceutical sector, as well as the growth of U.S. indexes.

From the macroeconomic statistics published today should focus on two indicators. Thus, the index of German ZEW economic expectations of investors in January decreased from 50.4 to 47.2 points, while analysts had expected the fall to 49.5 points. Consumer price index in the UK in December, on the contrary, increased by 0,6% with an average forecast of 0,3%. Such high rates of inflation could bring higher interest rates the central bank of UK.

As a result of trades regional index Dow Jones Stoxx 600 added 0.79%. The British FTSE 100 gained strength at 0.34%, the Swiss SMI rose by 0.46%, while the French CAC 40 rose to 0.81%. Leader growth was Spanish IBEX 35 INDEX, an increase of 1,28%. Not supported by the overall positive dynamics of only the stock markets of Austria and Belgium.

Shares of pharmaceutical companies, traditionally perceived by investors as a defensive investment tools, strengthened by 1-2%. Thus, the paper AstraZeneca and GlaxoSmithKline "recovered" at 1,69% and 1,94% respectively, and quotes Sanofi-Aventis and Novartis rose by 1,8% and 1,18%.

Paper Cadbury climbed 3.59%. British confectioner has renewed takeover bid by U.S. company Kraft Foods worth 11.9 billion pounds ($ 19.7 billion). According to Kraft Foods, Cadbury shareholders will receive 840 pence per share, from 500 pence to be paid in cash and the remainder of the shares. In addition, Cadbury will pay shareholders an additional dividend of 10 pence on the paper.

European automakers today are not able to increase market capitalization, helped by the recommendations of analysts. Thus, the paper of the German luxury car manufacturer Daimler "thinner at 1.09% after the experts Nomura Holdings lowered its rating to" buy "to" neutral ", while shares of French industry representatives Renault weakened to 2.24% on the background reduction recommendations on them with a "buy" to "hold".

Quotes of the largest in British luxury goods retailer Burberry Group rose to 8,26%. According to the report of the company, sales for the third quarter exceeded analysts" expectations, and the annual profit will be near the upper boundary of the projected range.

Alstom shares lost 2.46% of the cost. The second-largest producer in the world of trains reported a rise in sales for the three months ending in December 2009 to 4.69 billion euros ($ 6.74 billion), which was below analysts" estimates. In addition, the company reported an incidence of new orders during the period of 31% to 4.22 billion euros.

Values of the basic indexes on closing are resulted in the table:

Click to continue »