Friday, October 23, 2009

Stock markets in Europe closed on recession 0,96-1,35%

Stock markets in Europe on the basis of trading on Thursday demonstrated a decline in the range 0,96-1,35% on the background data on the growth of unemployment in the U.S., reported Agence France-Presse. By the closing of the auctions the British index FTSE 100 fell by 0,96% - to a mark of 5,207.36 points. Germanic DAX on Thursday declined to 1.21% to 5,762.93 points. The French CAC index on the basis of trades fell by 1,35% - to 3820.85 points. On Thursday, U.S. Department of Labor has published data showing that the number of initial applications for unemployment for the week ended Oct. 17 rose by 11 thousand - up to 531 thousand from the upwardly revised target of 520 thousand a week earlier. This figure exceeded the expectations of analysts, forecast an increase in the number of primary applications to a level of 515 thousand. However, forecasts ranged from 500 thousand to 540 thousand. FTSE 100 (Financial Times Stock Exchange 100 Index) - the main UK share index, calculated by the quotations of shares 100 British companies with highest market capitalization, weighted by market capitalization. CAC 40 (Cotation Assistee en Continu) - France's main stock index, is calculated as a weighted average capitalization value stock prices 40 largest companies. DAX 30 (Deutscher Aktienindex) - Germany's main stock index, calculated as an index of stock returns of the 30 largest companies (by market capitalization).

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