Nikkei rose, FTSE 100 came in plus

Nikkei and FTSE decame leaders of the day

In brief: Europe gave a hope for the markets, evething is in plus.

Stock trading in Europe opened today a sharp increase in the leading index. Trading in Japan on May 10 resulted in the growth of index Nikkei at 1.6%. Positive market sentiment today due to the news that the EU will create a pan-European crisis management fund of 750 billion euros to prevent the threat of the Greek crisis to other European countries. This became known after a meeting of the Council of EU finance ministers.

Also today published statistics of Germany and France. Thus, the Federal Statistical Office of Germany reported that the trade surplus country in March 2010 seasonally adjusted, compared with February 2010 increased by 9,9% and amounted to 13.3 billion euros (forecast – 14,0 billion euros). In France, the national statistical office Insee reported on the growth of industrial production in March 2010 by 1,0% compared to the previous month (projected growth – 0,3%).

Amid news of the EU “green” sector today traded securities of leading European banks. In particular, in the early hours of the session dramatically increased the price of securities British Barclays (+9,83%), Lloyds (+9,98%) and HSBC (+5,88%). In addition, jumped quotes French BNP Paribas (+13,95%) and Societe Generale (+13,82%), as well as Italian banking group UniCredit (+11,97%).

Positive dynamics is observed today and the major miners. In addition to the general enthusiasm for the establishment of crisis fund, market participants reacted with optimism to a deal the largest companies of India mededobyvayuschey Vedanta Resources Plc from the British Anglo American Plc. for the purchase of assets for 1.34 billion million dollars as it became known, Vedanta buys tsinkodobyvayuschee company Anglo American Zinc, incoming, according to experts, the five largest tsinkodobytchikov world. Against this backdrop, securities Vedanta rose in price by 6.56% and Anglo American – on 6,96%.

Shares remaining the industry are also traded in the black.

The British FTSE 100 index rose by 222.87 points (4.35%) – up to 5,345.89 points, the German DAX rose 242.13 points (4.24%) – up to 5,957.22 points. The French CAC 40 rose 249.57 points (7.36%), to mark 3,642.16 points, the Swiss index SMI – to 193.63 points (3.12%) and amounted to 6,399.26 points.

Against the background of news from Europe, quotes largest by market capitalization, Bank of Japan’s Mitsubishi UFJ Financial Group rose 1.74%. Also in the “green” sector on the session were the second share of the market value of the bank Sumitomo Mitsui Financial Group (+1,42%) and Mizuho Financial (+0,59%).

With a positive result today, closed bidding for a number of Japanese trading companies.

Also successfully formed trading session for the world’s largest consumer electronics company Sony Corp. – Following the auction of its shares have risen in price on 0,65%, and the quotations of its largest competitor Panasonic Corp. Decreased by 1.76% on weak outlook for profit, falling below the expectations of experts.

Another important news today was a message that the Japanese manufacturer of synthetic fiber Toray Industries Inc. struck a deal with the concern Airbus on the amount of 200 to 300 billion yen (from 2.18 to 3.26 billion dollars) for the supply of components from a hydrocarbon fiber. Against this background, quotes Toray rose by 5.62%.

As a result of trading May 10, 2010 Nikkei 225 index rose by 166.11 points (1.6%) – up to 10,530.70 points.

Dollar / yen has fallen by 0.62 yen in relation to the rate of the previous day and amounted to 91.56 yen to the dollar.

Anrey Torbinski
2010-05-11 09:15, Economics.

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