European stocks fell on Thursday on 1,6-1,8%, cheaper stocks of commodity companies

Written by admin on February 16th, 2010

European stocks fell on Thursday the second day in a row - on 1,6-1,8% on the data of an unexpected increase in the number of applications for unemployment benefits in the U.S., reported Bloomberg.

Dow Jones Stoxx 600 fell on the results of the auctions on 1,4%. Thus, from the beginning of 2010 this indicator dropped to 0,5%.

Number of Americans who first applied for unemployment insurance rose last week to 36 thousand - up to 482 thousand, the data showed U.S. Department of Labor. Analysts expected the reduction in the number of calls to 440 thousand

Against this background, dropped the prices of commodities, including copper, lead, nickel and tin, and, accordingly, share prices of this sector. Paper BHP Billiton fell 3,1%, Rio Tinto - 5%.

rally on global stock markets may result in the second half of this year, the slow restoration of the world"s largest economies, as well as deflation, limiting corporate profits, says Professor New York University"s Nouriel Roubini. "The economy is gradually recovering, but the world"s financial markets have shown very sharp rise since March last year - he said. - If I"m right, then in the second half we will see the slowdown in economic recovery the United States, Europe and Japan. This could be the beginning of a market correction because macroeconomic news will begin to present unpleasant surprises.

Share prices TomTom, Europe"s largest manufacturer of portable navigation systems, fell 11% after Nokia announced that it will provide free navigation services on smartphones in its new version of the card.

new version of maps Ovi will combine pedestrian and car navigation systems for 74 countries in 46 languages, information about the state of motion for more than 10 countries, as well as detailed maps for more than 180 countries.

Stock quotes

Greek banks have fallen on the statement of head of EFG Eurobank Ergasias Nikos Nanopulosa that the first half of 2010 for the industry will be difficult. Paper Eurobank fell in price by 5,5%, National Bank of Greece - on 2,3%, Piraeus Bank - by 3,2%.

17 of the 18 major stock indexes in Western Europe fell Thursday, with the exception was Luxembourg indicator.

Railways have sent 33 million rubles for the introduction of additional electricity capacity of the Krasnoyarsk Railways
Gazprom is losing customers in the domestic market
Markets are beginning to bubble

policy of cheap money may again overheat the world economy ...


Forex - Asia
Stock Indexes in Asia fell 5 th session in a row
Cheaper dollar, the yen has risen in price against the euro to 9-month high
Indices in the U.S. fell on Thursday on the banks shares, futures rise on Friday
By noon, the RTS index fell below 1500 points, the further the dynamics of trading on the market of Russia will be determined by the situation on the raw areas
Recommendations on the shares of Gazprom, Transneft, VTB, futures on oil and natural gas

 

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