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The European indexes grow on Thursday for the first time in 5 days on strong statdannyh of the United States

Jun 25th, 2009 | By admin | Category: Scenario and forecasts

European stock indexes grow on Thursday for the first time in five days against the backdrop of strong statistical data on the U.S. economy, reports Bloomberg.

Stoxx 600 rose during the bidding to 0.4%. The index has fallen during the previous four sessions on concerns that the pace of improving the quotation of shares outpaced the prospects for economic growth. Ratio of the value of securities of companies Stoxx 600 rose to their profits as a result of the rally in the stock market to 25.4 - the maximum since 2004.

index of leading U.S. economic indicators, calculated research organization Conference Board, rose in May to 1.2%. This indicator increased for two consecutive months, analysts expect to improve by 1%.

Stronger than expected growth in the index of leading economic indicators suggests that not all that bad - notes stock strategist Clariden Leu in Zurich Gregor MoECT. - Data indicate stabilization.

Another report on the American economy, published by the Federal Reserve Bank of Philadelphia, was also positive. Value index of manufacturing activity rose in June to minus 2.2 from minus item 22.6 points in May, while analysts had expected an increase to minus 17 points.

In addition, the number of Americans receiving unemployment benefits fell for the week ended June 7, the first time since January. That figure fell to 148 thousand people, which is the maximum reduction since November 2001, to 6.687 million people.

support of the European stock market has also improved the World Bank forecast China's GDP growth this year to 7.2% from the previous 6.5%. Previously, analysts Goldman Sachs, Morgan Stanley and UBS also improved expectations for the Chinese economy, since the incentives the government level of 4 trillion yuan ($ 585 billion) has shown positive results.

Cost of ING Groep NV shares rose on Thursday to 8.3%. Experts Goldman Sachs upgraded the recommendations for securities biggest Dutch bank to buy from neutral.

ING Capital stabilized by now, - note the analysts.

Price HeidelbergCement securities jumped 17% after the cement producer said that participation in refinancing its debt confirmed more than 50 international lenders.

Meanwhile, stock quotes British retailers decline on Thursday on the data of the first three months, the reduction of retail sales in the UK.

Papers DSG International, one of Europe's largest networks of sales of electronics, cheaper at 7.3%, shares of Home Retail - by 1,5%.

index of the largest enterprises in Europe, Dow Jones Euro Stoxx 50 to 19:30 AM EDT on Thursday, rose 28.91 points (1.21%) - up to 2412.62 points.

British FTSE 100 rose 13.19 points (0.31%) - up to 4291.65 points.

French CAC 40 index at that time rose by 27.67 points (0.88%), amounting to 3,188.81 points.

German DAX added 39.86 points (0.83%), amounting to 4,839.84 point.

Ukraine's stock markets on Thursday continued to decline
In the second half of the day shopping at the Russian stock market starting to resume
Attempts by the Russian indices continue up until the successful
Completion of the week will be held at current levels for the index of the MICEX, with low trading volume
Reducing the market will end in the vicinity of 600-700 points on the MICEX index
Oil prices and the level of monetary liquidity can support the Russian market in the medium term
The holders of ruble-denominated bonds have decided to follow the example of colleagues with the stock market and a little profit pofiksirovat
In the short term upward trend is unlikely to recover, the Russian market is still looks perekuplennym
The forecast movement of indices RTS, MICEX and the SP 500, based on an analysis of daily data at the closing session of the previous trading day

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