European stock exchanges have completed the growth of trading on Thursday thanks to the gains of mining companies
Oct 9th, 2009 | By admin | Category: News International MarketsStock Market U.S.
Impressive results of aluminum giant Alcoa Inc. together with the improvement of the situation on the labor market in the U.S., were the main catalysts for positive mood of the American stock market. At the same time continuing decline of the dollar as currency once again have a positive impact on the quotations of gold. Shares Abercrombie Fitch Co., Limited Brands Inc. and Macy's Inc. became leaders of growth among retailers after the sales report companies, surpassed the expectations of participants. Paper builders Lennar Corp. and D.R. Horton Inc. added to the end of trading on 8%, after Finance Minister T. Geithner made it clear that the housing market continues recovery, and the White House N. Pelosi expressed confidence that Congress will provide a number of tax incentives for home buying.
European stock market
European stock exchanges have completed the growth of trading on Thursday thanks to the gains of mining companies against the backdrop of record high gold prices and the decision of the European Central Bank left key interest rate unchanged. Positive indicators of aluminum giant Alcoa, has opened a new season of corporate accountability, also influenced the behavior of European equity markets. Pan-European index of blue chip on the FTSEurofirst 300 rose 1.12 percent to 999.87 points. The ECB today kept the refinancing rate at 1.0 per cent per annum, as expected by most analysts. New record price of gold has been made following the weakening of the dollar helped shares of mining companies. Quotes Vedanta, Anglo American, Antofagasta, BHP Billiton, Lonmin, Rio Tinto and Xstrata added 2,1-4,7 percent.
| FTSE-100 | 45.74 | 0.90% |
| DAX | 75.79 | 1.34% |
| CAC40 | 50.4 | 1.34 % |
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