Indexes in Europe grow on Thursday at Trichet”s statements, strong indicators of Rio Tinto and SAP

Written by admin on January 23rd, 2010

European stocks rose on Thursday on expectations European Central Bank (ECB) Jean-Claude Trichet about the "moderate pace" recovery of the region, reports Bloomberg.

ECB on Thursday kept the base interest rate unchanged - at the level of 1% per annum. Statement by Jean-K.Trishe that the rate of the ECB now "is adequate, the situation in the economy, has allowed investors to conclude that the bank will not rush to withdrawal of incentives.

Dow Jones Stoxx 600 rose during trading on 0,8%.

"The economy may face problems in the second half of this year, but forecasts for the first six months of fairly positive, - the strategist said Van Lanschot Bankiers NV Michel van der STI. - In the event that quarterly reporting companies meet the expectations of experts who are very high, the stock markets continue to rise for some time. "

Cost Rio Tinto shares rose 3% after the company reported an increase in iron ore production in the fourth quarter of last year by 49% thanks to strong demand for raw materials in China.

Paper

ArcelorMittal went up by 2,4% due to improved Exane BNP Paribas analysts recommendations for steel company shares to "above market" from "neutral."

Share Price SAP, the world"s largest management software companies, rose on Thursday on 1,5%. The company"s revenues up in 2009 decreased by 5% - to 8.19 billion euros, while the company awaited the fall of this index by 6-8%. Operating margin SAP was 27.5%, exceeding projections by 25,5-27%.

Stock quotes British retailer Home Retail fell during trading on 6,2%. According to the forecast of the company, the conditions for trade in the next fiscal year would remain difficult, given the "considerable uncertainty about the economic forecast.

Cost

securities DSG International, Britain"s largest consumer electronics chain stores fell by 5,9%. Sales of company"s stores open at least a year ago, increased by 8% over the 12 weeks ended January 9.

Chapter DSG John Brouett said he expects weak growth in the industry this year and intends to support the sale by renovating stores.

rise of European stock market kept weak statistic data on the U.S. economy.

Retail sales in the U.S. unexpectedly fell in December to 0.3%, while analysts predicted an increase of 0,5%. Retail sales excluding automobiles last month fell by 0,2%, experts expect a rise of 0,3%.

number of Americans who first applied for unemployment insurance, last week increased by 11 thousand - up to 444 thousand, the analysts predicted an increase in the number of calls to 3 thousand

index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 on Thursday rose by 10.64 points (0.36%) - up to 2,989.05 points.

British FTSE 100 rose to 24.72 points (0.45%) - up to 5498.2 points.

French CAC 40 index rosbaee 14.91 points (0.37%), amounting to 4,015.77 points.

Deutsch DAX added 25.74 points (0.43%), amounting to 5,988.88 points.

16 of 18 major stock indexes in Western Europe are growing on Thursday.

The Ukrainian stock market grew slightly on Friday on domestic demand
Forex on the European session
Forex - Asia
Asian indexes rise on Friday after technology stocks
Indices in the U.S. rose Thursday in anticipation of reporting Intel, futures Cheaper on Friday
Forex - results of the day
The Ukrainian stock market rose on Thursday on the stocks of metallurgical sector
Forex on the European session
The property is located in a standstill "

 

Leave a Comment