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The European indexes grow on Tuesday at the data to increase business confidence in Germany

Aug 19th, 2009 | By admin | Category: Scenario and forecasts

European stock indexes rising on Tuesday on the data to increase business confidence in Germany, offset the negative impact on market statistics of the weak U.S. economy, reports Bloomberg.

index of confidence of investors and analysts to the economy of Germany, calculated research institute ZEW, rose in August, significantly more than expected and reached a peak in 2006. Value index soared to 56.1 point with 39.5 points in July. Experts predicted increase to 45 index points.

At the same time, the number of new buildings in the United States in July fell for the first time in 3 months - 1% - up to 581 thousand houses in annualized, compared with 587 thousand a month earlier. Analysts predicted an increase in the number of new buildings up to 599 thousand homes.

Cost of securities HSBC Holdings Plc jumped in the bidding at 1.7% after Goldman Sachs analysts improve the recommendations for the shares of Europe's largest bank to buy from hold. The experts also found a predictive value of securities HSBC for 18 months at 820 pence, which is 29% above the value of shares of the bank to close the market on Monday.

Papers Wienerberger went up to 15%. Chief Executive Officer of the company, which produces bricks, announced its intention to close the 26 brick factories, and not 20 as previously thought, to bring production in line with demand and reduce inventories of products.

Cost

Salzgitter shares rose 4%. Analysts Nomura Holdings Inc. recommended that investors buy shares of the German staleproizvoditelya, noting that the optimistic estimate the steel industry in Europe.

Papers Swedbank went to 13% after increasing the recommendations for securities experts Bank Deutsche Bank AG to hold from sell.

At the same time, the price of shares of Danish farmkompanii Genmab fell by 30% after the company increased its forecast of operating losses for the year.

The global economy is emerging from recession - said vice-chairman of Credit Suisse Asset Management in London, Bob Parker. - Corporate reporting in the third quarter of this year as a whole will be positive.

profits of European companies in the third quarter to decline by an average of 22%, analysts predict. At the end of the second quarter decline in profits of companies have already published their reports, an average of 38%.

index of the largest enterprises in Europe, Dow Jones Euro Stoxx 50 to 19:30 on Tuesday rose 18.18 points (0.7%) - up to 2621.97 points.

British FTSE 100 rose 40.77 points (0.88%) - up to 4685.78 points.

French CAC 40 index by this time increased by 31 point (0.91%), amounting to 3,450.69 points.

German DAX added 49.13 points (0.94%), amounting to 5,250.74 points.

16 of the 18 major European stock indexes rising on Tuesday.

Forex - results of day
The forecasts of analysts: An interesting paper for the purchase of shares will be the oil and gas and banking sectors
Went up for the night, the oil will be little comfort to holders of securities at the opening of the oil
Trading volume on the Russian market continues to fall, indicating a depletion of Bears
Today at the Russian sites, you can expect moderate growth of quotations on opening
Today, the shares will resume trading RusGidro, paper companies could fall by 10-12% - to 1,05-1,07 rubles per share
Given the dynamics of oil prices and positive closing of U.S. exchanges, we can assume that in the morning, the power bulls will be unique
Following Tuesday MICEX index value of 1035.45 point, which is 0,005% higher than the closing of the previous trading day
On FORTS futures on Brent oil grew by 2.85% against a background of intensive correction up, futures are traded in the black (0.30%, 72.58 $ /bbl)

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