Market news
23.07.2014, 10:30

Major stock indexes in Europe traded with an increase

European stock indices show moderate increase, which is associated with the publication of corporate reporting and geopolitical factors. Futures on American stock indexes little changed, while Asian shares rose.

Investors remained cautious after the European Union on Tuesday threatened Russia with more severe sanctions on Ukraine. EU ministers agreed to expand the list of persons and entities whose assets are frozen and which will apply visa sanctions. U.S. counting on stricter sanctions that would have pushed Moscow to cooperate in the international investigation airliner crash in Malaysia.

At the same time, fighting continued in the Gaza Strip. U.S. Secretary of State John Kerry called on Hamas for a truce in the conflict between Israel and militants in the Gaza Strip.

Little influenced by the Bank of England meeting minutes, which showed: Committee members, as expected, voted unanimously to maintain interest rates unchanged at a record low 0.5%, and for the preservation of the current size of its asset purchase program £ 375 billion Central Bank suggested that the potential threat to economic recovery in the event of a rate hike now decreased, and a number of representatives MPC noted that over the past few months, the balance of factors in favor of tightening has become more balanced. However, the Central Bank did not mention the possible timing of the first rate hike, explaining that they will depend on incoming economic data. This fact provoked a decrease of the British currency. In addition, the Central Bank mentioned that the strengthening of the pound may reflect the performance of the British economy in comparison with other countries. Economy continues to grow modestly, but some indicators warn of a possible slowdown in the speed of the 2nd half.

Stock price Daimler AG, the world's third largest car manufacturer of class "luxury", grew by 1.8%, after reporting that second-quarter earnings before interest and taxes amounted to 2.46 billion euros, compared with forecasts for level 2 38 billion euros.

STMicroelectronics shares decline 3.70 point%, despite reporting the first profit in the last 11 quarters. The company also said that revenue fell 8.9% to $ 1.86 billion

The price of the world's leading manufacturer of paint products Akzo Nobel NV jumped 3.9%. Financial results for the 2nd quarter were better than market expectations. Operating profit increased by 10% to 353 million euros, with the consensus forecast of 340 million euros.

Repsol shares fell 0.2% amid reports that the Spanish oil and gas giant is considering buying Talisman Energy, to invest funds received as compensation for loss of share in the Argentine YPF.

Quotes securities Deutsche Bank AG fell 1.1%. According to The Wall Street Journal, the Federal Reserve Bank drew attention to the poor quality of reporting in the United States.

The value of shares Outotec - Finnish manufacturer of mining equipment - jumped 9.8%. British newspapers wrote on Wednesday that the company is ready to buy Outotec Wier at a price of 12 euros per share.

At that moment:

FTSE 100 6,821.24 +25.90 +0.38%

CAC 40 4,395.28 +25.76 +0.59%

DAX 9,797.17 +62.84 +0.65%

© 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