Europe: there was sadness, yes the U.S. helped
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Friday, January 15, the major European stock market indexes finished trading in the red on the background of an unexpected decline preliminary index of consumer confidence, calculated by the University of Michigan. Thus, the value of this indicator in January totaled 72.8 points versus 73.9 points in the forecast. Recall that in December 2009, Consumer Confidence Index (University of Michigan), according to preliminary estimates, reached the mark of 73.4 points, while the final value of the index was 72.5 points.
The December increase in industrial production in the U.S. at 0.6% coincided with the expectations of analysts and do not have a material impact on the markets. The base consumer price index, the calculation of the consumer basket which exclude food and energy sources, in December rose by 0,1%, as predicted.
From intra statistics worth noting today published data on trade balance and the euro area consumer price index. So, against the background of the strong euro is the volume of European exports in November, taking into account the seasonal component decreased by 0.4% m /m, and the volume of imports during the period, on the contrary, increased by 0,3%. As a result, the trade surplus in November fell to 8.8 billion euros a month earlier to 4.8 billion euros. Consumer price index in the euro area in December rose by 0.3%, as expected.
As a result of trades regional index Dow Jones Stoxx 600 has lowered 1,1%. The British FTSE 100 weakened to 0.78%, the Swiss SMI fell 0.78%, while the French CAC 40 dropped to 1.53%. Losers was the German DAX Index, decreased by 1,89%.
Shares in Europe”s largest retailer Carrefour “recovered” at 3,57%. According to the report of the company, operating profit up in 2009 decreased by 16% to 2.78 billion euros ($ 4 billion) with an average forecast of analysts in the 2.6 billion euros.
Media companies Daily Mail and ITV also managed to increase its market capitalization by the recommendations of analysts with UBS and Credit Suisse. Thus, quotes Daily Mail rose to 5,42%, while shares in ITV strengthened 2,84%.
Papers of the German solar cell manufacturer Q-Cells lost 8,81% of the cost. According to unofficial information, the German government could reduce the size of subsidies provided to companies in the industry at 17-18% in order to reduce electricity prices and increased competition. Quotes Solarworld and Renewable Energy have fallen on 5,52% and 7,34% respectively.
Man Group shares weakened by 6,9%. One of the largest management companies reported better than expected, falling asset values over the last three months of 2009 in connection with the annual loss on fixed assets under its administration.
Quotes defense technology developer QinetiQ Group collapsed at 12,03%. According to company forecasts, delay of orders will have a negative impact on its financial results after the second half of 2009.
Paper representatives of the financial sector suffered losses after one of the largest banks in the U.S. JPMorgan Chase reported an increase in reserves to cover stitched debt and revenue below analysts” forecasts. For example, Deutsche Bank shares fell to 3,69%, while Societe General Paper weakened to 2.73%.
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Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing (items) | Delta day (items) | Change day (%) | value at beginning of year (the last closing in 2009) | Change YTD |
|---|---|---|---|---|---|---|
| ATX | Austria | 2,688.46 | -14.03 | -0.52% | 2495.56 | 7.73% |
| BEL20 Index | Belgium | 2,536.45 | -34.92 | -1.36% | 2511.62 | 0.99% |
| FTSE 100 | United Kingdom | 5,455.37 | -42.83 | -0.78 % | 5412.88 | 0.78% |
| DAX Index | Germany | 5,875.97 | -112.91 | -1.89% | 5957.43 | -1.37% |
| IBEX 35 INDEX | Spain | 11,845.00 | -154.80 | -1.29% | 11940 | -0.80% |
| FTSE MIB | Italy | 23,472.11 | -333.88 | -1.4% | 23248.39 | 0.96% |
| AEX | Netherlands | 337.99 | -2.62 | -0.77% | 335.33 | 0.79% |
| OMX Nordic 40 | Scandinavia | 858fc3.82 | -6.42 | -0.74% | 829.44 | 3.54% |
| CAC 40 | France | 3,954.38 | -61.39 | -1.53% | 3936.33 | 0.46% |
| SMI | Switzerland | 6,576.02 | -51.40 | -0.78% | 6545.91 | 0.46% |
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