Europe: uncertain market growth due to rally the commodity sector

Written by admin on June 14th, 2009

Today, May 29, European stock markets showed mixed trends, with a predominance of positive news on the background of mixed background. On the negative side to the statistics of the ECB tenders influenced by volume of lending, which in April slowed growth to 2.4% from 3.2% in March. This decreased the amount of credit to the private sector, which was the result of tighter loan conditions and the preservation of low consumer demand.

At the same time, housing prices in the UK in May to the average expectations of the world's experts on the rose 1.2% after declining by 0.3% in April.

As a result of bidding key UK FTSE 100 index rose by 0.7%, French CAC 40 index added 0.6% and the German DAX has left in plus on 0,1%. The regional index Dow Stoxx 600 rose 0.4%.

The British market during the growth on the background left of the housing market, has also supported higher prices for oil and metals caused the growth of the mining sector and quotations nefteproma - Royal Dutch Shell shares added 1,6%, Anglo American - went up by 5.3 %, and BHP Billiton - to 3.8%. The third-largest worldwide manufacturer of platinum Lonmin was in the black at 8.1%.

Against the backdrop of the statistics on the housing market come and British construction companies - shares of Taylor Wimpey added 6.8%, and Persimmon - 5,4%.

second-largest producer of semiconductors in Europe, Infineon has increased market value by 3% following the publication of statements Dell, surpassed forecasts. Another company in this sector STMicroelectronics added 4,3%.

The second-largest automobile company Renault of France left in plus on 2,4% after the declaration of plans to strengthen its collaboration with Nissan Motor to reduce costs.

At the bidding of the Italian automakers Fiat lost 4.2% after reporting one of the channels for reaching an agreement between General Motors and Magna International of the absorption of Opel.

Latin America: the expected growth in demand for Commodities has caused enthusiasm among investors
United States: macroeconomic statistics overshadowed bankruptcy avtogiganta
Europe: statistics and the commodity sector have provided a global optimism
Asia: the growth of Baltic Dry Index, and Commodities prices do not cease to put on market optimism
Overview of the foreign exchange market 01.06.2009
Latin America: the markets are still hoping for thebest
United States: rough index shoots in May
Asia: shares of commodities leading to a positive regional
Overview of the foreign exchange market 29.05.2009

 

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