SP 500 index showed on Wednesday a three-day dynamics of the best since March
Jul 16th, 2009 | By admin | Category: News International Markets Europe
European stock markets closed, the increase on Wednesday, as the quarterly results exceeded the forecasts of Goldman Sachs and Intel improved the mood of investors. Pan-European index of blue chip FTSEurofirst 300 has completed trades to increase 2.6 percent to 862.31 points. Banking shares index added more items, as well as the results of Goldman Sachs, published on Tuesday, pushed up the financial sector. Quotations Barclays rose by 4.7 percent. Several sources familiar with the situation said that Barclays is considering selling one of its units and this week will meet with investment partners to discuss the matter. Paper HSBC, Banco Santander, Societe Generale and Credit Suisse went up by 3,9-4,4 percent. Shares technology sector is also in demand after the quarterly results and forecast Intel exceeded Wall Street expectations. Quotations ASML climbed to 4.4 percent, as the group stated that he expects sales in the third quarter, amounting to some 450 million euros and a gross profit margin of 30 percent.
| FT-SE 100 | 108.78 | 2.57% |
| DAX | 146.75 | 3.07% |
| CAC40 | 89.40 | 2.90% |
Asia
The Asian markets continued to rise against the backdrop of economic growth in China and increase the level of production in the United States, adding to optimism the reconstruction of the global economy. Jiangxi Copper Co .- biggest Chinese producer of metallurgical sector grew at auction in Shanghai for 4% against a background of growth of commodity markets. Rio Tinto Ltd. - Added more than 4.5% of the size of market capitalization, after increasing the profit forecast for the company by Bank of America Merrill Lynch Co. Stock Nissan Motor Co. with 34% of sales in North America grew by 3.7% in the bid to Tokyo.
| NIKKEI 225 | 74.91 | 0.81% |
| HANG SENG INDEX | 85.01 | 0.47% |
| SHANGHAI SE A SHARE INDX | -5.11 | -0.15% |
| SHANGHAI SE B SHARE INDX | 0.68 | 0.34% |
| KOSPI INDEX | 11.36 | 0.80% |
United States
U.S. stock market rose on Wednesday, with the SP 500 index showed the best three-day dynamics of March, thanks to the results of Intel Corp, renewed hope for the recovery of the costs of technological products and the improvement of corporate profits. Since the beginning of the week SP 500 added 6.1 percent, as companies, including Intel and Goldman Sachs Group report on the results, significantly exceeding expectations. This is the best three-day increase since the major U.S. stock indices started to recover after the failure of up to 12 years minimum in early March. The current reporting season is key, as investors look for evidence of economic recovery. Another sign that consumers may feel better than many feared, was the statement by U.S. issuers of credit cards that the number of defaults and delays in payments in June turned out below expectations. American Express forecast that in the second quarter of its cases will go better, increased shares of the company to 11.3 percent. Optimism is also supported on the U.S. manufacturing sector, confirmed that the recession ends, as well as a recent meeting of the Fed, under which regulators have concluded that the decrease in the economy is slowing.
| DJIA | 256.72 | 3.07% |
| SP 500 | 26.84 | 2.96% |
| NASDAQ COMPOSITE INDEX | 63.17 | 3.51% |
| NASDAQ 100 | 48.14 | 3.31% |
Forex on the European session
The reluctance of investors to buy when you see drivers of growth may be indicative of emerging fixed profit
When the price of crude oil $ 62 a barrel for most of Russia's chip growth potential is minimal
Bank of Moscow and the Government of the Ivanovo region have signed an agreement on cooperation in the sphere of socio-economic development of the region
The course has increased the dollar - the evening review of cash markets
Poll: Overwhelming majority of Ukrainians felt the effects of the crisis
The leader of the growth has been among the futures contract on ordinary shares Polyus Gold, adding 6.28%
As of 18:00 Moscow time the volume of trades on the MICEX Stock Exchange amounted to 154.98 billion rubles
Good liquidity and stabilize the ruble return to the bond market investors
