Growth of European stock indexes accelerated Monday night, encouraging investors to support the rally in the market of non-ferrous metals, as well as the situation with Cadbury, reports Bloomberg.
composite index of six major companies in Europe Dow Jones Stoxx 600 rose from the open market at 0.7%, up to last week, this indicator has decreased on 1,1%. Indices increased in all 18 countries of the region except Greece, Iceland and Luxembourg.
"Given that most European markets recorded a significant rollback of last week, investors now expect some correction, - analyst CMC Markets in London, Michael Hewson. - January 18, in the United States is a public holiday, so trading in the stock markets are likely less active than usual. "
Increasing
podyndeksa commodity companies was highest among all 19 industry subgroups. Copper, lead, and zinc is becoming more expensive at auction in London.
Paper
Kazakhmys Plc rose in price by 2,5%, Xstrata - on 2,6%. Antofagasta shares went up by 1,4%.
market value of Cadbury rose by 1,2% - to 803 pence - after the message appears in the British newspaper Sunday Times that the U.S. Kraft Foods Inc. plans to raise offer for British company to 820 pence per share at the expense of increasing the cash component. At the same time, surveyed by Bloomberg 9 shareholders Cadbury (owning 11% of total shares) believe that the proposal should be improved, at least, to 850 pence per share.
American company recently filed a formal offer to buy Cadbury shareholders in early December, offering for each share of Cadbury 300 pence in cash and 0.2589 new shares of Kraft. Recently, however, Kraft sold its U.S. business on the production and sale of pizza Swiss Nestle for $ 3.7 billion, having received additional financial resources that can now be used in the transaction.
In addition, the fight for the British company, which is the world"s leading confectionery market, the addition of a competitor Cadbury - American Hershey.
still remains a difficult situation on the Greek stock market. National ASE index dropped in the course of trading on 2,5% - the most significant decline among 23 developed countries - to its lowest level since April 30 last year. Deutsche Bank analysts believe that Greece could default on its effect significantly surpass that of Argentina in 2001 and Russia in 1998.
Shares
Greek Titan Cement dipped 7,9%, Alpha Bank - on 7,7%, Piraeus Bank - by 4,5%.
index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 on Monday, rose 17.12 points (0.58%) - up to 2,957.37 points.
British FTSE 100 rose at that time on 42.02 points (0.77%), amounting to 5,497.39 points.
French CAC 40 index added 22.21 points (0.56%) and reached 3,976.59 points.
Deutsch DAX rose 41.39 points (0.7%), amounting to 5,917.36 points.
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