European markets are rising tenth consecutive sessions

by admin on July 24th, 2009

United States

Futures on the SP 500 index increased by 0.2%.

Europe

European markets are rising tenth consecutive session, despite the negative data on the GDP of Great Britain. European FTSE Eurotop 100 index adds 0.4%, Britain's FTSE 100 0.6%, German Xetra Dax 0.46%,French Lyxor Cac 40 0.37%.

GDP of Great Britain in II quarter on a preliminary assessment showed a greater-than-expected reduction. UK GDP for the II quarter has decreased by 0.8% in the quarter and by 5.6% year on year. Reduction of GDP in annual terms was the most significant in more than 50 years. GDP is expected to decline by 0.3% and -5.2% respectively. Nevertheless, the market statistics are not frustrated, they are optimistic by the growth index of business activity. Index managers to supply Euro-zone Flash PMI for the manufacturing sector in the euro area in July rose to 46 points in the prediction of 43.5, a similar index for services rose to 45.6 points in the expectations of 45.2.

leaders in improving the stock of financial institutions. Adds banks Royal Bank of Scotland 3.3%, Lloyds 3.2%, Standard Chartered 3.1%, Deutsche Bank 1.8%. At 3% rising shares of financial group Man Group, in the black share of insurance companies. Shares largest mobile operator Vodafone to grow 2% after the company reported growth in revenue as a result I quarter 2009-2010 financial year to 9%, and reaffirmed a forecast for annual profit.

Oil

euro against the dollar began to rise after data on the increased activity and improved economic expectations in the euro area. Movement on the currency market impact on oil futures, which came after a morning decline in the plus. Spot Brent $ 68.95, WTI $ 66.01. Futures mark Brent with delivery in September went up to the level of $ 70 and traded at $ 69.5.

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