European Stoxx 600 index on Thursday rose to the 2 nd session in a row

Most European share indexes on Thursday showed a slight decline - within 0.4%.

At the same time, the composite index of the region Dow Jones Stoxx 600 rose for the results of the auctions on 0,1% and closed at a peak from October 3, 2008, reported Bloomberg. Since the March low indicator has soared by 57%.

We had to understand that the rally in the stock market that began in March, will not continue at the same pace as before, but this is no reason to think that the market will not grow any more - fund manager said Barclays Stockbrokers Ltd. in London Hank Potts. - Any consolidation of the market is unlikely to be prolonged. We keep a positive attitude.

value of the UK supermarket chain Sainsbury jumped by 10% - the maximum recovery for two years, reaching 342.5 pence. Paper companies have risen in price on rumors that the family Saynsberi accepted Qatar's offer to purchase for its own shares at 420 pence for each, notes the Royal Bank of Scotland.

Qatar is the biggest shareholder in Sainsbury, he owns 26% of the company's shares, which were acquired in the unsuccessful attempt to absorb the British network in 2007. Family Saynsberi owns about 15% of the company.

Paper

Nokia dropped in price by 11%. Finnish mobile phone manufacturer in the third quarter recorded a loss for the first time in many years - amounting to 449 million euros, revenues decreased by 19,8% and amounted to 9.81 billion euros. Analysts on average forecast net profit of 367 million euros, the proceeds - in the 10.03 billion euros.

Papers

Anglo American fell 4,1%, Xstrata - 2% after reports that Xstrata has decided not to make an offer to buy Anglo American.

Shares Swiss Reinsurance fell in price by 3,6%. Analysts Bank of America Merrill Lynch lowered the recommendation for the securities of Swiss Reinsurance Company to below market from neutral, noting expectations disappointing performance in the field of reinsurance.

At the same time, the price of securities Swatch Group AG, the world's largest watchmaker, has jumped on the results of the auctions on 6,8% after the Xinyu Hengdeli Holdings Ltd., the Chinese partner company, said he expects an increase in consumer demand in the country in the next three years. Swatch owns 8.1% of Chinese retailers.

Cost

Remy Cointreau shares rose by 8,5%. French manufacturer of alcoholic beverages reported lower earnings for the first six months of this year to 0,7%- to 362.7 million euros. Analysts had expected a more significant drop in this index - 7,5%.

Fourteen of the eighteen major stock indexes in Western Europe fell to the closure of the market on Oct. 15.

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