European stocks vary raznonapravlenno on Wednesday, a positive impact on the market of good economic data offset falling stock price the oil companies, reports Bloomberg.

Confederation of British Industry announced on Wednesday that he expects the completion of a recession in the UK in the current quarter. Organization predicts an increase in GDP in the third quarter of 2009 to 0,3%, whereas previously predicted a decrease by the same amount. UK GDP has declined over the previous five quarters.

positive impact on the market have also provided data on the increase in business activity in the manufacturing and service sectors eurozone in September. The composite index of the two sectors, calculated by Markit Economics, rose this month to 50.8 points from 50.4 points in August. Rate increases have already 2 months in a row.

Dow Jones Stoxx 600 rose during trading on 0,2%. This indicator increased by 55% compared with the minimum recorded on March 9. The ratio of stock price of companies included in its calculation, their profits, is now 51, that is a maximum in 2003.

Conditions in the real economy remains very weak, and some of its recovery is entirely based on huge volumes of financial and monetary incentives taken by governments - said stock analyst at Charles Stanley Co. London Jeremy Betstoun-Carr. - I'm in continue to assess the situation with pessimism.

Cost shares

Burberry Group, the largest UK producer of goods luxury, has jumped to 5.4%.

According to CEO Angela Arends, Burberry British business is improving. One year after the crisis commodity market luxury can only get better, she said.

Quotations securities of oil companies in Europe are reduced following the collapse of oil prices on the data of an unexpected increase in commercial stocks of fuel in the United States.

Shell shares fell 1,6%, BP - by 1,5%.

According to the Energy Department said crude oil reserves in the country last week rose by 2.85 million barrels - up to 335.608 million barrels, gasoline inventories climbed 5.41 million barrels and were 213.109 million barrels.

experts expect a decrease in oil reserves at 1.4 million barrels and gasoline stocks increased by 500 thousand barrels.

Papers of British pubs operator fall after the deterioration of recommendations for their shares by analysts UBS. Experts lowered the recommendations for securities Mitchells Butlers, Green King Plc, Marston s Plc and Enterprise Inns to 'sell', noting that the optimistic forecast for the UK economy is already incorporated into the current level of their quotations.

the companies' stock prices fell accordingly by 4,8%, 2,6%, 1,9% and 7,8%.

index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 to 19:50 on Wednesday, rose 5.64 points (0.2%) - up to 2,887.24 points.

British FTSE 100 dropped to 3.23 points (0.06%) - up to 5,139.37 points.

French CAC 40 index at this time decreased by 1.73 points (0.05%), amounting to 3,821.79 points.

Deutsch DAX lost 7.33 points (0.13%), amounting to 5,702.05 points.

11 of 18 major European stock indexes rise on Wednesday.

Likely target for correction by the MICEX, on the basis of technical factors is the level of 1150 points, or slightly higher
In the case of breakdown level of 1160 points on the MICEX index correction will receive an additional impetus to the deepening
At the opening of the RTS index has lost 0,56% and the MICEX index fell by 0,4%
Evening session on FORTS noted growth of open positions on most contracts
Today sales in the market could continue, but for Russia's quote still relevant uptrend from July 13, 2009
The immediate support for the MICEX index is at 1180 points, then - at the level of 1150 points
External background today will support the bears and will facilitate the continuation of the negative dynamic
If the price of oil will keep their support at $ 68, Russia's market will remain under upward movement
On the outcome of the day will have a significant influence U.S. data: initial claims for unemployment benefits and the sale of existing housing