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Europe: Investors supported the decision of Rio Tinto, and analysts have been very generous

Jun 13th, 2009 | By admin | Category: Reviews and ideas

On Friday, June 5, most of the stock markets of Europe concluded its session in the Green Zone. Investors are pleased the decision taken by Rio Tinto Group, under which the company refused to deal with Chinalco and prefer to hold shares worth $ 15.2 billion In addition, the statistics came out today, show that employment in the non-agricultural sector, the U.S. fell in May to 345 thousand as compared to the expected 520 thousand

The unemployment rate in the United States has increased the value of higher expectations, but the markets of the European region did not react to such information, which has attracted greater attention to the resignation of Minister of Labor, and Pensions UK Pernella James (James Purnell). Mr. Pernell also urged the British prime minister Gordon Brown put his authority in order to prevent the victory of conservatives, which is becoming increasingly evident.

As a result of bidding key UK FTSE 100 index rose 1.18%, French CAC 40 rose by 0.82% and the German DAX has added to its asset 0.24%. The regional index Dow Jones Stoxx 600 added 0.72% and closed at a level of 210.97 points. An exception to the overall positive dynamics have become the markets of Switzerland and Scandinavia.

Mining company Rio Tinto Group and BHP Billiton earned at auction in London, 10.66% and 7.55% respectively. Investors Rio Tinto received a proposal under which they will be able to purchase 21 new stock in exchange for 40 of their securities at a price of 1 400 pence each, which is 49% lower than yesterday's closing price. BHP Billiton, in turn, agreed to pay Rio Tinto $ 5,8 billion to establish a joint venture for iron ore in Australia.

Shares of French cement manufacturer Lafarge and the company's Remy Cointreau, dealing with the issuance of alcoholic beverages, went up by 2.92% and 1.43%, respectively, after Goldman Sachs analysts upgraded their rating on the pleadings with a neutral to buy. The second-largest producer in the world of spirits Pernod Ricard has been in the black at 1.57% is also thanks to the generosity of analysts Goldman Sachs, raising its recommendation on the shares.

Papers of Germany's largest lender Deutsche Bank have become harder to 2.4% against the backdrop of increasing their ranking analysts ING Groep.

The world's largest manufacturer of agricultural chemicals Syngenta gained 3.41% at auction. Analysts Bank of America upgraded its rating on the paper with neutral to buy.

After the Natixis analysts lowered the recommendation on shares of CNP Assurance, France's largest life insurance company, its quotations fell by 0,84%.

Papers of the Norwegian sector of solar energy Renewable Energy cheaper by 7% against the backdrop of increasing the planned distribution of shares due to reduction in demand for products.

the main index at the closing are shown in the table:

Index Country Closing (items) Change day (items) Changing the day (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
ATX Austria 2,145.58 22.99 1.08% 1750.83 22.55%
BEL20 Index Belgium 2,071.39 8.37 0.41% 1908.64 8.53%
FTSE 100 United Kingdom 4,438.56 51.62 1.18% 4434.17 0.10%
DAX Index Germany 5,077.03 12.23 0.24% 4810.20 5.55%
IBEX 35 INDEX Spain 9,519.00 64.4 0.68% 9195.80 3.51%
FTSE MIB Italy 20,170.08 40.65 0.20% 20064 0.53%
AEX Netherlands 266.93 3.13 1.19% 245.94 8.53%
OMX Nordic 40 Scandinavia 669.97 -0.42 -0.06% 625.8 7.06%
CAC 40 France 3,339.05 27.02 0.82% 3217.97 3.76%
SMI Switzerland 5,398.90 -23.31 -0.43% 5534.53 -2.45%


Asia: Rally to the standard scheme - the commodity sector and growth of Japanese exporters
Overview of the foreign exchange market 05.06.2009
Latin America: rising oil prices poboroli correction
United States: a bank, and the commodity sector have provided a new consolidation
Europe: no correction was delayed for long
Asia: pessimism reigned in the markets because of the Fed statement, and reduce the price of Commodities
Overview of the foreign exchange market 04.06.2009
Latin America: a correction not spared the regional stock
United States: Statistics upset the markets, Bernanke simply added fuel to the fire

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