Europe: not so reporting season, as his malyuyut
Jul 10th, 2009 | By admin | Category: Reviews and ideasÂÂ
On Thursday, July 9, the vast majority of major stock markets in the European region for the first time in the past few sessions has shown positive dynamics. If investors fear that the reporting season will bring malopriyatnye news, the best record Alcoa expectations awakened some optimism. In addition, today released a series of macroeconomic indicators, which supported the overall growth of the indices.
The number of initial applications for unemployment benefits in the United States has dropped from 614 thousand to 565 thousand, while analysts were expecting only a drop to 605 thousand
During today's meeting, the Bank of England left a key interest rate unchanged at a level of 0.5%, as expected, indicating that for the completion of the planned purchases of assets in the total amount of 125 billion pounds sterling is required at least a month. Analysts predicted that the bank will extend a program of buying bonds at 25 billion pounds.
UK trade deficit fell in May from 7.003 billion to 6.263 billion against the expected 6.75 billion, while consumer price index in Germany rose in June at 0.4% m /m, as expected.
As a result of bidding key UK FTSE 100 index added to its asset 0,45%, French CAC 40 was closed in the black at 0.54%, and the German DAX advanced 1.26% at. Regional Dow Stoxx 600 Index increased by 0.59% and closed at a level of 199.2 points. An exception to the overall positive dynamics was the only market of Austria.
Against the backdrop of statements by the company Alcoa that its loss was below expectations, shares of Rio Tinto Group jumped to 3.77%, while Anglo American securities went up by 5.6%. The largest German ThyssenKrupp steel worker was earned at auction 1.38% of market capitalization.
Quotations German luxury car manufacturer Daimler rose by 2.66% after the company's record showed that sales at the market of China jumped by 48%, the maximum for the last three years amount. An additional factor for the growth of analysts' recommendations have been Bank of America, which increased the rating of the shares of European automakers. Thus, the paper Bayerische Motoren Werke, MAN, Fiat and Peugeot have become harder to 2.22%, 3.76%, 2.13% and 0.64% respectively.
Shares of Spanish construction company Sacyr Vallehermoso went to plus at 11.78% after it won the tender for the project to expand the Panama Canal.
Quotations second largest in the world of consumer electronics manufacturer Electrolux has increased by 2.11% against a background of improving its stock recommendations by analysts at UBS. Thus, the rating of securities Electrolux has been upgraded from sell to buy.
Analysts Bank of America Securities upgraded the recommendation of SAP, the world's largest manufacturer of commercial software, and quotes immediately stepped up to close in the black at 2.74%.
Shares lender Commerzbank strengthened by 1,5% due to increase Citigroup analysts forecast their costs.
The values of major indices 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 | 1,975.39 | -10.22 | -0.51% | 1750.83 | 12.83% |
| BEL20 Index | Belgium | 1,968.69 | 8.09 | 0.41% | 1908.64 | 3.15% |
| FTSE 100 | United Kingdom | 4,158.66 | 18.43 | 0.45% | 4434.17 | -6.21% |
| DAX Index | Germany | 4,630.07 | 57.42 | 1.26% | 4810.20 | -3.74% |
| IBEX 35 INDEX | Spain | 9,443.10 | 82.5 | 0.88% | 9195.80 | 2.69% |
| FTSE MIB | Italy | 18,158.56 | 211.15 | 1.18% | 19460 | -6.69% |
| AEX | Netherlands | 247.11 | 2.48 | 1.01% | 245.94 | 0.48% |
| OMX Nordic 40 | Scandinavia | 684.09 | 1.5 | 0.22% | 625.8 | 9.31% |
| CAC 40 | France | 3,025.94 | 16.23 | 0.54% | 3217.97 | -5.97% |
| SMI | Switzerland | 5,305.39 | 16 | 0.3% | 5534.53 | -4.14% |
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