FTSE and Dow Jones are supported by Allianz and ING Groep

Dow Jones and FTSE rise

In brief: European stock markets went into faltering growth against a background of good financial reports of some large companies.

European stock markets closed on Wednesday the growth against the background of good financial reporting by companies Allianz and ING Groep, as well as Spain’s decision to move to austerity measures in the financial sector. “Companies continue to show strong statements, as well as economic statistics, continues to positively surprise”, – said Kevin Lilley of Royal London Asset Management.

“Measures of tight financial policies of Spain, seems to be positive for the market. Greece was a whipping boy to force Spain to comply. The banking index DJ EURO STOXX BANK-up environment rose to 187.17 (+0.81%). BNP Paribas Securities rose 0.91%, Barclays at 1.04%, Banco Santander to 0.39%, Deutsche Bank at 1.12%. Major European indexes at the close of the previous trading session: FTSE 100 – 5,383.45 (+0.92%); DAX 30 – 6,183.49 (+2.41%); CAC 40 – 3,733.87 (+1.10%). Futures DJ STOXX 50 in the morning before the opening of trading in Europe is growing up to 2,763.00 (+0.88%). European stock markets open growth. European index of “blue chips” FTSEurofirst 300, on Wednesday rose to 1.049 (+1.31%). As a result of the previous day’s yield US 10-year T-Note of 3.57% (-0.006%). Yield of 10-year German Government Bonds is 2.94% (+0.005%) compared with the previous day.

Yield of 10-year U.K. Government Bonds is 3.85% (-0.040%) compared with the previous day. Oil futures in early morning electronic trading moving different directions in general, are under pressure because of European concerns. The market is held firmly above $ 75 by developments in financial markets – said Ken Hasegawa of Newedge. – We see some recovery in equity markets in Asia, and it helps prices, despite its huge reserves in the U.S., especially in Cushing. “It is expected that in the medium term, prices will vary between $ 75-85, – said Hasegawa. – July futures on U.S. crude traded around $ 80, just in the middle of the corridor, and it is very good for producing and consuming countries. Mark Brent Oil (NYMEX) in morning electronic trading on the level of 81.41 (+0.26%) and American oil brand WTI (NYMEX) 75.52 (-0.17%). Gold futures this morning is adjusted after the update the new record highs, up to 1238.60 (-0.36%). Commodity Index CRB Index on the basis of past trades is 266.82 (+0.71%). Foreign Exchange in morning trading characterized by a weakening U.S. dollar against the background of some comfort to investors in European events. Spain announced a tightening of monetary policy, but it does not force investors to the end to ensure a positive resolution of European problems.

“Financial markets as a whole is gradually calming down, but the trend for the euro remains downward, – said Kosuke Khan of HSBC. – While a panicky sell-euro is currently stopped, the risk of recession remains. The dollar index ICE, which reflects the value of U.S. dollar against the trade-weighted basket of other currencies, is 84.76 (-0.28%).

Ukrainian Globalist
2010-05-13 08:37, Economics.

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