9/25/10

The European stock exchanges on Friday were closed by growth

Leading European stock indexes following the results of the auctions on Friday have grown against the macroeconomic data from Germany which have appeared much better forecasts of analysts, the data of stock exchanges testifies.

To closing of the auctions the British index FTSE 100 has grown on 0,93 % — to a mark 5 598,48 points. German DAX has increased by 1,84 % — to 6 298,30. French CAC 40 following the results of the auctions has added 1,94 %, having risen to 3 782,48.

On Friday it became known about unexpected growth of an index of a business climate in the largest economy of Europe — Germany — in August to 106,8 points against 106,7 month before. Analysts predicted decrease in an index to 106,4 points.

Also support to the markets was rendered by internal corporate news. In particular, participants of the auctions have positively apprehended increase by analysts Deutsche Bank of the forecast on a stock value of the manufacturer of automobile tire covers Continental and the telecommunication company of Alcatel-Lucent SA.

The important factor for the European platforms was growth of stock markets in the USA at opening. The American stock exchanges as of 19:28 have increased Moscow time by 1,7—1,9 %, having reacted to the message that orders for consumer durables in the USA for August, except for transport sector, have grown on 2 % in monthly calculation. Analysts predicted growth of the given indicator on 1 %.

Not too optimistical there was data on the American real estate market. Sales of new houses in August haven't changed in comparison with the reviewed July indicator, having constituted 288 thousand Analytics assumed that the indicator of sales of new houses will grow to 295 thousand «In the markets still there are fears concerning the second wave of recession in the USA, however we believe that it won't occur», — results agency Bloomberg opinion of economist Raiffeisen Capital Management of Herbert Perusa.

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