Market news
21.07.2015, 10:30

Major stock indexes in Europe are mixed

European stocks traded in different directions, but with only a slight change, which is associated with the publication of mixed earnings reports.

"Greece no longer has a significant impact on the market, the investors have paid attention to economic statistics and company reports. After closing all waiting for quarterly reports of Apple and Microsoft", - the analyst said Peregrine & Black Markus Huber.

Yesterday the Greek banks have resumed work after a three-week break, and today the government has submitted to parliament a bill that would require lenders to start negotiations on a new program of financial aid. Parliament must adopt the bills on Wednesday. The most controversial proposal of creditors concerning early retirement pension and citizens to improve the taxation of farmers who raise serious objections from the left wing of the ruling party, SYRIZA, and many representatives of the opposition, were removed from the bill, which greatly increases the chances that it will be approved by the Greek parliament majority.

A little influenced by data on Britain. It is learned that the British government borrowing fell in June, but less than predicted by experts. However, the last value was the lowest for the month for the past seven years. This was reported to the Office for National Statistics. According to the data, net borrowing state. sector (excluding banks state. sector) fell to 9.4 bln. pounds in June from 10.2 billion. pounds a year earlier, compared with economists' forecasts at -8.5 billion. lbs. For the first three months of fiscal year 2015/16, net borrowing of the public sector amounted to 25.1 billion. Pounds, which is almost 20 percent lower than in April-June last year. We also add the last value was the lowest since the April-June 2008/09 financial year. The ONS said that tax revenues in June increased by 0.3 billion. To 11.5 billion pounds. Pounds, its highest level since the start of statistics (1997). Income taxes increased by almost 14 percent, to 1.7 billion. Pounds, which is also the maximum value for all the time.

Sensor shares of pharmaceutical companies shows the largest decline among the 19 industry groups Stoxx Europe 600. The cost of Novartis AG - the world's largest pharmaceutical companies in terms of revenue - fell by 2.4% due to lower revenues in the 2nd quarter by 7%. Shares of Swiss farmkontserna Actelion Ltd. fell 0.8%, as its core earnings in the 1st half of the year was worse than expected.

Quotes Remy Cointreau SA - the second largest producer of alcoholic beverages in France - were down 2.3% on the back of weak data on revenue for the first fiscal quarter.

Cost Norsk Hydro has grown by 1.5% since the base of EBIT in April-June rose to 2.67 billion Norwegian kroner against the forecast of 2.34 billion euros.

Paper Zalando SE fell 2.6% after the company reported that second-quarter earnings may have declined because of the high costs.

The cost of Tele2 AB fell 3.2%, as the amount of profit was lower than forecast.

Quotes Royal Mail Plc - British postal operatora- fell 0.4% as revenue in the 1st finkvartale not changed.

EasyJet Plc's shares fell 1.4% after analysts at Commerzbank AG confirmed the rating on the stock at "sell."

Currently:

FTSE 100 6,787.28 -1.41 -0.02%

CAC 40 5,145.64 +3.15 + 0.06%

DAX 11,736.09 +0.37 0.00%

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