9/8/10

European exchanges closed on the growth of the domestic positive life

Leading European stock indices on the basis of trading environment have increased following the successful placement of bonds by Portugal and positive corporate news, according to data exchanges.

By the closing of the auctions the British index FTSE 100 rose 0.41% - up to a mark 5 429.74 points. Deutsch DAX rose 0.76% - 6 164.44 points. The French CAC 40 index on the basis of trades added 0,92%, having increased to 3 677.21.

On Wednesday, the Portuguese authorities have attracted 1.04 billion euros from the sale of three-year and ten-year bonds. Demand for paper in both cases exceeded the supply.

Also, the focus of the bidders on Wednesday was a message that the international rating agency Fitch upgraded long-term issuer default rating (IDR), the British oil company BP on three stages - before the «A» to «BBB», as well as short-term rating with «F3 "to« F1 »against the background of further eliminate the threat of oil spills.

"The market remains strong volatility, so we are seeing a strong reaction to positive news", - told the news agency Bloomberg analyst at Barclays Stockbrokers Ltd. Hank Potts.

At the same time moderating the pressure on the growth of European stock indexes have had a macro-economic news from Germany and Greece. In particular, the volume of industrial production in Germany in July compared to June rose by 0.1%, while analysts had expected growth rate in July on a monthly basis at 1.0%.

In addition, on Wednesday it became known that, according to revised data, GDP in Greece declined in II quarter on 1,8% in comparison with I quarter, not 1.5% as previously reported. In annual terms, GDP for the period decreased by 3,7% against the previously published estimates to reduce the economy of Greece at 3.5%.

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