FTSE 100 showed a questionable increase

Europe remained in positive territory

In brief: Trading in the euro area were quite strange, some indices have grown, while others, conversely, have fallen in price against the background of a local negative.

FTSE 100 has increased a little. Leading European stock indexes rose on the basis of trading on Thursday against the backdrop of positive corporate news, the “superiority” of fear that the debt crisis in Europe could negatively affect the economic growth of countries in the region, according to data exchanges. The exception was the Paris Bourse, on the negative performance which affected the dynamics of weak statements of the bank Credit Agricole SA.

By the closing of the auctions the British index FTSE 100 rose by 0.93% to a mark 5 433.73 points. Deutsch DAX rose by 1.11% to 6 251.97. The French CAC-up trades lost symbolic 0,06% and amounted to 3 731.54 points. Strong corporate reports published by companies on the basis of I quarter reflect the good condition of the economy in general, commented Bloomberg agency chief strategist at Brewin Dolphin Securities Ltd. Mike Lenhof. On Thursday, the main factor contributing to the positive dynamics of the stock indicators, again became news companies. The results for the I quarter of this year, reported third-largest British retailer Sainsbury PLC and the country’s largest telephone company BT Group PLC. Net profit Sainsbury in the first three months of 2010 increased almost twice at an annual rate – up to 585 million pounds (870 million dollars). Operating profit increased BT in the IV quarter – up 16% to 1.53 billion pounds against expected by analysts surveyed by Bloomberg, 1,44 billion. Negative impact on the mood of French investors said reporting the largest number of bank branches countries, Credit Agricole SA. Net profit credit organizations for January – March this year amounted to 470 million euros, which was below expectations of analysts had forecast the figure at 511 million

Pavel Migin
2010-05-13 21:45, Economics.

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