Market news
28.09.2016, 10:43

Major European stock indices traded in the green zone

European stocks rise amid rising mining and energy companies.

The composite index of the largest companies in the region Stoxx Europe 600 rose during trading 1,1% - to 343.81 points, and nearly leveled the decline since the beginning of the month.

Yesterday, the Stoxx 600 increased slightly due to better than expected data from the US. The consumer confidence index in September, jumped to 104.1 points, the highest level since August 2007, from a revised 101.8 points in August. Analysts on average expected a decline to 99.3 points.

World stock markets also strengthened due to improved sentiment because analysts believed that Hillary Clinton proved to have an edge on Donald Trump during a presidential debate on Monday.

Prices for most metals are rising today, so capitalization of Anglo American Plc and Rio Tinto Group increased by more than 2%.

In addition, the oil becomes more expensive on signals that Saudi Arabia is ready to compromise with Iran on the signing of production freeze.

Total SA shares rose in price by 1,2%, BP Plc by 1.1%.

Deutsche Post shares rose 0.3% on news that the German postal service takes on British rival UK Mail Group for $ 316 million. The price of UK Mail shares soared by 43%.

The market value of Deutsche Bank rose 2.1%. Having problems with capitalization the bank agreed to sell British insurance division of Abbey Life Assurance for $ 1.2 billion.

Meanwhile, the value of Royal Bank of Scotland rose 1.2%. The bank agreed to pay a fine of $ 1.1 billion to settle claims relating to the sale of mortgage securities to US financial companies.

Price of tour operator TUI AG rose 2.5% after the company raised its forecast for annual profit growth from 10% to 12-13%.

Meanwhile, shares of Allianz rose 1.1% on reports that the German insurer is considering options for a partial or complete sale of the regional private bank Oldenburgische Luesbank AG.

Smiths Group shares rose 2.9% after the group reported an increase in profit before tax by 6.5% for the year to the end of July.

At the moment:

FTSE 6851.62 43.95 0.65%

DAX 10452.22 90.74 0.88%

CAC 4431.87 33.19 0.75%

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