Europe: the markets began the Seasonal Discounts

Written by admin on September 25th, 2009

 

Friday, 25 September, stock markets in Europe as a whole have demonstrated negative dynamics on the background emerged in the United States of data on new home sales and orders for durable goods. Because these indicators are relevant to the real economy and show no feelings or expectations of consumers /investors, and real changes in the sectors, the market could not ignore them. Probably played a role, and factor on Friday.

Following the session, the key index of the UK FTSE 100 added 0.1%,French CAC 40 index decreased by 0,5%, while the German DAX closed in a minus on 0,4%. Regional Dow Stoxx 600 index dropped to 0,2%.

At auctions in London, Britain's largest electronics retailer DSG International lost 4.7% after Morgan Stanley's analysts recommend to sell its shares.

The Nordic region experienced some growth in the islands - the largest Norwegian bank DnB NOR jumped 9.9% after reports of plans to attract 14 billion kronor ($ 2.4 billion) through the placement of Wright. According to the Bank, as a result of placement of shares among existing shareholders' capital adequacy ratio Level 1 DnB NOR will rise to 11,3%.

At the auctions in Germany deviation index was limited to recommendations for the purchase of analysts Deutsche Bank. In particular, under the influence of such an upgrade action manufacturer of household chemistry Henkel added 1,9%, while Beiersdorf, manufacturer of creams brands Nivea, moved to 2,2%.

The largest Swiss asset manager Julius Baer Holding lost 5.6% of market value after the announcement of the change in strategy - the company intends to increase the value of assets under its management by bringing in new work investment bankers and acquisitions.

At the auction in Paris after the depressing statistics on orders for durable goods in the United States the world's largest manufacturer of trains Alstom has lost 2,2%, and the largest manufacturer of microchips STMicroelectronics remained without 3,1%.

Italian stock market on Friday managed to avoid the correction. Largest by market value in Europe oilfield services company Saipem has strengthened by 4,1%, after Goldman Sachs Group analysts raised the target price of its shares by more than 30%.

Italy's biggest bank, UniCredit has moved to 4,16% after Credit Suisse Group analysts raised their forecast for the price of its shares at 7.4% and retained the securities rating of better market.

Closing time (IST) Index Country Closing (items) Change day (%) Change for day (items) Change YTD (%)
19:45 ATX Austria 2536.81 -0.45 -11.5 45.55
19: 30 BEL20 Index Belgium 2462.44 -0.34 -8.46 29.46
19:30 FTSE 100 United Kingdom 5082.2 0.06 2.93 14.61
19:30 DAX Index Germany 5581.41 -0.42 -23.8 16.53
19:30 IBEX 35 INDEX Spain 11643.8 -0.45 -52.1 27.19
19:30 FTSE /MIB Italy 23102.74 0.65 149.34 17.95
19:30 AEX Netherlands 305.63 -0.94 -2.89 25.45
19:30 OMX Nordic 40 Scandinavia 815.14 -0.3 -2.42 30.64
19:30 CAC 40 France 3739.14 -0.51 -19.22 16.79
19:30 SMI Switzerland 6236.91 -0.61 -38.53 13.39


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