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Indexes in Europe have grown on 0,8-1,4% on good reporting companies, statistics from the U.S.

Mar 7th, 2010 | By admin | Category: Scenario and forecasts

Stock indices rose in Europe on Friday on 0,8-1,4% due to good reporting companies, including Infineon Technologies, and BMW, reported Bloomberg.

composite index of the largest companies in the region Dow Jones Stoxx 600 rose up to the auction at 1% - the first increase in the indicator for three days. The indices rose by 14 of the 18 major stock sites in Western Europe. Stoxx 600 fell for three weeks in a row. Reducing index up to the month was 2.7%.

Investors are also optimistic message encountered a substantial increase in U.S. GDP in the last quarter of last year.

U.S. economy in the fourth quarter of 2009 increased by 5,7% compared with the same period in 2008, show provisional data of the Ministry of Trade.

Analysts on average predicted increase in GDP at 4.7%.

Thus, the U.S. economy in the fourth quarter of 2009 increased the maximum rate in the third quarter of 2003.

Quotes

Infineon shares added 3%. Germany company, one of the largest semiconductor manufacturers in Europe, the last-quarter net profit of 66 million euros compared with a net loss of 404 million euros during the same period a year earlier.

Cost securities

BMW jumped 4.8%. Germanic automaker has expressed confidence that the outcome was obtained in 2009 pretax profit. The company expects to increase sales of automobiles in the United States, China and Germany this year.

market value of Daimler rose by 3,4%, Peugeot Citroen - on 1,4%.

In addition, the 1,3% increase in prices shares Henkel. Chemical concern expects significant growth in operating profit up to 2010.

JC Decaux, the second largest operator of outdoor advertising, increased its capitalization by 1,1%. The company expects earnings growth from continuing operations in the first quarter of 2010 and examines prospects for acquisitions.

Xstrata and Anglo American led the growth of shares of the mining sector on the backdrop of rising copper prices during trading on the London Metal Exchange on Friday. Paper Xstrata went up by 2,7%, Anglo American shares rose in price by 1%. Quotes of securities BHP Billiton rose 1.3%.

Better the market shares of major banks looked Greece. Paper Alpha Bank have grown in price by 8,8%, stock quotes, National Bank of Greece increased by 5% after the EU Commissioner for Economic and Monetary Policy Joaquin Almunia said on Friday that "Greece does not face a default. Default in the euro zone does not exist ".

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Umansky Framed Tymoshenko

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