European markets rise on speculation
On Tuesday the European markets noted the rise, as growing
speculation about additional measures easing by
European Central Bank continues to support the European
During European morning trade, DJ Euro Stoxx 50 rose 0.37%, France’s CAC 40 rose by 0.39%, while Germany’s DAX rose 0.89%.
data showed last week that the euro zone economy stagnated in
the second quarter, prompting fears that the recovery in the region is losing
The weak data increased pressure on the European Central
Bank on the implementation of recent measures to strengthen growth after
rates were lowered to its lowest level in June.
Financial stocks have noted the rise as French lenders BNP Paribas (PARIS: BNPP) and Societe Generale (PARIS: SOGN) gained 0.41% and 0.55%, while German Deutsche Bank (XETRA: DBKGn) rose to 0 40%.
Among the peripheral creditors Italian Intesa Sanpaolo (MILAN: ISP) and Unicredit (MILAN: CRDI) increased by 0.42% and 0.67%, respectively, while Spanish BBVA (MADRID: BBVA) and Banco Santander (MADRID: SAN ) rose by 0.19% and 0.51%.
Shares A.P. Moeller Maersk (OTC: AMKAF) jumped 4.09% after the Danish company raised its forecast for full-year profit.
Shares of Thyssenkrupp (XETRA: TKAG) rose 0.25% amid reports that German conglomerate plans to sell some of its businesses.
London’s FTSE 100 rose 0.44%, supported by shares of Tobacco (LONDON: IMT),
higher by 1.82% after the company reported a drop
nine-month net revenue, which fell short of forecasts,
by improving European market.
Mining companies also rose markedly. Stocks Rio Tinto (LONDON: RIO) rose to 0.48%, shares Glencore Xstrata (LONDON: GLEN) increased by 0.60%, whereas the action Vedanta Resources (LONDON: VED) rose by 1.17%.
Stocks Bhp Billiton (LONDON: BLT),
by contrast, fell sharply to 2.88% after the mining giant
He said it plans to separate the company, which will include
assets from aluminum smelters to South African power
plants, to simplify its operations.
The financial sector significantly increased. Shares of Lloyds Banking (LONDON: LLOY) rose by 0.58%, shares of Barclays (LONDON: BARC) rose 1.05%, while shares of Royal Bank of Scotland (LONDON: RBS) jumped 1.48%. Stocks HSBC Holdings (LONDON: HSBA) unchanged, decreasing by 0.01%.
In the US, equity markets pointed to a higher open. Futures on Dow 30 shows a 0.32% increase, futures on S P 500 signals the rise of 0.26%, a ?? while futures Nasdaq 100 indicates an increase of 0.27%.
Today in the US there are reports about the issued building permits,
housing starts and consumer price inflation.
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