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European stock markets climbed on Tuesday, despite weak data from the United States

Aug 19th, 2009 | By admin | Category: News International Markets

European stock markets climbed on Tuesday, despite weak data from the United States, which had become a deterrent effect. Start of construction in the United States and the number of permits unexpectedly fell in comparison with the previous period, while the expected growth in these indicators. Mitigating factor was the statistics from Germany, where the index of economic expectations and the assessment of the current situation has exceeded forecasts, once again restoring hope for the speedy recovery of the global economy. In addition, the retail price index in Britain has confirmed the positive dynamics of the situation. Rapidly gained weight paper of financial institutions led by the Swedish Bank - Swedbank, thanks to an analyst with Deutsche Bank, raising the recommendation. Support markets originating from the raw areas affected shares in mining and energy companies. Oil has gone up after the American Petroleum Institute reported a decline in product stocks in the United States, as the weakening dollar has helped to strengthen prices in the black gold.

U.S. stock markets closed yesterday on the positive territory. The pressure on the shares have been weak statdannye with the housing market. However, corporate communications have been positive. Results retailers such as Home Depot Inc, Target Corp and Saks Inc. pleased investors and reverse the negative sentiment that emerged on Monday against the backdrop of weak data on retail sales and a negative report retailer Lowe s Cos Inc. Shares of technology companies went up after the price of paper has been upgraded Apple Inc RBC. expensive metals and crude oil contributed to strengthen the position of the commodity sector.

Asian markets today traded differently, although the beginning of the session, the paper remained in positive zone. In addition to the positive on American sites, the reason for the rise of a rating upgrade regional automotive industry analyst company Nomura.

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