Stock indices in Europe increased on Wednesday against the backdrop of good reporting for the third quarter of U.S. companies Intel and JPMorgan Chase Co., profits that exceeded analysts' expectations, reports Bloomberg.
composite index of the region Dow Jones Stoxx 600 rose from the opening of trading on 2% and reached a maximum of 3 October last year. Since March the minimum rate has jumped by 56%, resulting in a ratio value of the shares of an index for the projected profits increased to 47 times, which is close to its highest level since June 2003.
Profits for the third quarter positive surprise - the analyst of ING Investment Management Vincent Yuvins. This is a good support for the stock market. We think that the lowest point for profits is already behind us, - he added.
world's largest manufacturer of computer processors Intel in July-September net profit was at 33 cents per share compared to an average forecast of 28 cents per share. The company believes the current quarter will also be good for her: the forecast revenue increased to $ 10.1 billion, plus or minus $ 400 million, while analysts gave an average forecast of only $ 9.5 billion
bank JPMorgan in the third quarter increased its net profit in 6,8 times. It was $ 0.82 per share on revenue of $ 28.78 billion analysts polled by Bloomberg, predicted a net profit of the bank at $ 0.51 per share on revenue of $ 25.13 billion Respondents Thomson Reuters estimated earnings on average, $ 0 52 per share.
On
good reporting Intel shares grow high-tech sector in Europe. Thus, the market quotations of the region's leading chip maker STMicroelectronics rose by 2,7%, the second largest sector, Infineon has increased the capitalization of 3,6%.
value of shares of French bank Credit Agricole rose 3.1% after its declaration of plans to repay loan of $ 3 billion.
Papers third-largest mining group Rio Tinto the world went up by 5,5%. The company increased production of iron ore in July-September by 12% due to increased demand in China.
Share Price BP and Royal Dutsch Shell rose by 2.3% on rising oil prices.
market value of the world's largest chemical concern BASF jumped 7%. The company reported that its earnings and revenue for the third quarter exceeded analysts' expectations, although down compared to last year.
In these reports it shares Clariant, one of the largest producers of chemicals and dyes, rose by 8,1%.
At the same time shares Diageo, the world's largest producer of alcoholic products, fell 1.9%. British company reduced its earnings by up to July-September at 6%, while experts had expected at least a substantial reduction - by 3%.
index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 to 19:27 IST rose 67.57 points (2.35%) - up to 2,946.63 points.
British FTSE 100 by this time climbed to 101.12 points (1.96%), amounting to 5,255.27 points.
French CAC 40 index rose 75.42 points (1.98%) - up to 3,876.81 points.
Deutsch DAX with the opening of the market added 133.07 points (2.33%) and reached 5,847.38 points.
All eighteen major stock indexes in Western Europe demonstrate the improvement in the course of trading on Oct. 14.
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