Indexes in Europe fell Thursday after shares in steel sector
Stock Indexes in Europe fell Thursday after the decline in stock price of metallurgical sector, and also because of disappointing investors, the financial results of AstraZeneca, reported Bloomberg.
This outweighed the positive statements from Nokia and Hennes Mauritz (HM), as well as the statement by Obama about the need to reduce taxes and government debt, thanks to which the market grew in the early trading.
composite index of the largest companies in the region Dow Jones Stoxx 600 fell by 0,5%. Thus, from the beginning of this year, reducing the indicator is 3%.
“The road becomes increasingly rocky and the markets - more and more nervous, - the head of Security Analysts at LGT Capital Management, Manfred Hofer. - Year will be difficult. downtrend the last few days could last several more weeks before we go up.
Share prices of the world”s largest mining company BHP Billiton fell by 1,4%, leading staleproizvoditelya ArcelorMittal - on 2,6% against decrease in the cost of metals.
price securities AstraZeneca fell 4%. English-Swedish pharmaceutical company increased its net profit in the fourth quarter, but results fell short of analysts” forecasts.
cheaper stocks Chemical Companies KS (by 2,7%) and Yara International (by 1,9%), after Canadian rival Potash Corp. of Saskatchewan announced the fall of net profit in the fourth quarter by 69% due to low demand and lower prices.
At the same time, the value of shares of the world”s largest mobile phone maker Nokia has jumped by 11%. Net profit of Finnish company in the fourth quarter totaled 948 million euros, well above the average estimate of experts in 572 million euros.
Shares
second largest retailer in Europe HM jumped in price by 8,9%. Net profit of the Swedish company in September and November totaled 6.15 billion Swedish crowns ($ 844 million) compared to 5.09 billion crowns in the same period in 2008. Analysts expected the figure at an ae87verage of 5.1 billion kronor.
Paper
Swedish Coloplast, producing medical equipment, soared by 13% - the highest rise in 15 years. The company received a higher than expected profits on the basis of the last quarter and improved its earnings forecast for the year.
index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 fell 32.77 points (1.18%) - up to 2,754.63 points.
British FTSE 100 by this time dropped to 44.92 points (0.86%), amounting to 5,172.55 points.
French CAC 40 index lost 48.38 points (1.29%) - up to 3,711.42 points.
Deutsch DAX with the opening of the market declined by 65.83 points (1.17%) and amounted to 5,577.37 points.
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