FTSE 100 index, German DAX 30 and CAC 40 climb from the red zone, rising to the maxima

FTSE 100, DAX 30 and CAC 40 rise today

In brief: FTSE 100 and CAC 40 began to rally after the sharp fall in early trading European stock market today.

FTSE 100 is storming new heights, gaining more than 0.85% today. CAC 40 increased by 1,6%, the level of support for the DAX 30 is becoming more significant. FTSE 100 could reach a new record last week – experts say. Today’s session at the major European markets opened in the red area, but the favorable statistics for the euro area as a whole and several OECD in its composition, allowed the bulls to take matters into his own hands.

As a result, after the noon confidence index went up within a short time, adding more than 1%. It became known today preliminary index of business activity in industry and services eurozone for July, which were much better than expected. The first indicator rose from 55.6 to 56.5 points in expected to fall to 55.2 points, and the second – has risen from 55.5 to 56 points, with also expected to fall to 55 points. Significantly better than expectations were and data on new industrial orders. In May, they rose by 3,8% although analysts had expected no change in comparison with the previous period. Released statistics on a number of countries that are key members of the European Union, also proved better than expected. For example, retail sales in the UK in June rose 0.7% in expected to increase by 0,5%, while indexes of business activity in industry and services sectors in Germany increased by 2,8 and 2,5 points in is expected to diminish its value to 0 , 4 and 0.3 points respectively. FTSE 100 rose by 0,87%, German DAX 30 grew by 1,4%, French CAC 40 added 1.62% of the cost. The vast majority of the shares belonging to them, demonstrated a confident the upward trend.

Ukrainian Globalist
2010-07-22 12:28, Economics.

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