Market news
09.04.2013, 17:20

European stock close:

European (SXXP) stocks climbed as mining shares rallied and Alcoa Inc. began the U.S. earnings season with profit that beat analysts’ estimates.

The Stoxx Europe 600 Index added 0.2 percent to 288.07 at the close of trading.

German exports fell in February more than economists forecast. Overseas shipments, adjusted for working days and seasonal changes, dropped 1.5 percent from January, when they gained 1.3 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a 0.3 percent decline.

National benchmark indexes climbed in 15 of the 18 western European markets.

FTSE 100 6,313.21 +36.27 +0.58% CAC 40 3,670.72 +3.94 +0.11% DAX 7,637.51 -25.13 -0.33%

BHP added 3.5 percent to 1,944 pence and Rio Tinto rallied 4.8 percent to 3,135 pence as copper prices rose 2.3 percent in London. Kazakhmys Plc jumped 5.6 percent to 393.5 pence.

Aurubis AG, the second-largest refined copper producer, gained 6 percent to 48.35 euros, its biggest advance since July 19, after Chief Executive Officer Peter Willbrandt said orders in the U.S. are rebounding and European demand is slowly improving.

Repsol SA advanced 3 percent to 16.53 euros after spokesman Kristian Rix said the Spanish company encountered a 50-meter column of gas in the Sud-Est Illizi block in Algeria.

Lagardere slipped 2.6 percent to 27.79 euros after the Paris-based media company sold 61 million shares, or a 7.4 percent stake, in EADS for about 2.3 billion euros ($3 billion). EADS slid 2.8 percent to 37.62 euros.

Adecco SA, the biggest supplier of temporary workers, retreated 1.8 percent to 49.49 francs. Credit Suisse downgraded the shares to neutral from outperform, citing a slowdown in the U.S. and challenging market conditions in Europe for staffing companies.


© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location