Tuesday, February 9, 2010
Stock exchanges in Europe were closed for the index on the external positive things.
Leading European stock indices on the basis of trading on Tuesday grew for the first time in five trading sessions, an increase of around 1%, against the backdrop of positive news about the level of the business climate in the United States and more than analysts expected, the growth index of business climate in the region's largest economy, Germany, indicate data exchanges. By the closing of the auctions on Tuesday the British FTSE 100 index gained 0.31% and rose to a mark of 5,276.85 points. Germanic Tuesday DAX added 0.67% to 5,668.93 points. The French CAC index on the basis of trades grew well at 0.67% and reached the mark at 3,807.04 points. Positive came to the stock exchanges in Europe from the U.S., where on Tuesday published data on the level of consumer confidence in the economy. According to the research organization Conference Board, an index of consumer confidence in the U.S. economy in January rose to 55.9 points, while analysts had expected the index to increase to only 53.5 points. In addition, internal statistics also supported the trading platforms in the region. The index of business climate in Germany, calculated by the Munich Institute for Economic Research (IFO), in January, showed the growth of the tenth month in a row and reached a level of 95.8 points, which was above analysts' expectations, compared to 94.6 points in December, against a background of improving the perception of the leading German companies, the current economic situation in the country. Analysts predicted that the index of business climate in Europe's largest economy will increase to 95.1 points. We were pleased with European investors and reporting the German industrial concern siemens AG, net income which ended on Dec. 31 in the first quarter of fiscal year 2010 increased by 24% - up to 1,531 billion euros from 1.230 billion euros on the basis of the same period last year. In terms of one common share for the period from 1 October to 31 December profit group that produces a wide range of high-tech products - from light bulbs to trains, has increased by 21% - up to 1.7 euros from 1.4 euros. Enthusiastically responded to trading floors in Europe and Britain to withdraw from a protracted recession. UK GDP in the fourth quarter of 2009, the first time since the spring of 2008 showed growth - at 0.1%. Nevertheless, the growth of the British FTSE 100 index was limited due to the fact that the increase in GDP in the fourth quarter was less than analysts expected 0.4%. Earlier in the trading session of the European indices have shown negative dynamics against a background of speculation regarding the future of the Chinese authorities, tight monetary policy, in particular, limiting credit growth. Analysts believe that in this case, the restoration of the world economy may be endangered. As reported, the Bank of China has stopped issuing new loans to companies in the region of Shanghai, except for those customers who have already paid off existing debt. Construction Bank of China branch in Shanghai were warned of the need for more careful consideration of applications for loans to private individuals, as well as for mortgage loans. In addition, the bank was ordered to stop issuing loans as soon as the set for the current month standard is met. Chinese banks for the first 19 days of January had issued loans totaling about 1.45 trillion yuan (212 billion dollars), which roughly corresponds to 19% of the limit established for the entire 2010, after which the financial authorities decided to impose restrictions on the volume of lending. In addition, the financial authorities of China in mid-January, took the decision to raise banks' reserve requirements the first time since June 2008. 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. DAX 30 (Deutscher Aktienindex) - Germany's main stock index, calculated as an index of stock returns of the 30 largest companies (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.
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