Market Analysis

 

Friday, 22 January, stock markets in the European region again completed the session in negative territory. Dynamics once again asked the news from abroad. The fears of investors concerning Barack Obama"s plans to impose restrictions on the investment operations of large banks had an impact on the depreciation of the shares of financial companies. Not pleased with the bidders and the prospects of actions taken by the Chinese government for a "cooling" of the credit market "Middle Kingdom".

Against the background of reducing the cost of base metals mining companies, the paper continued their retreat.

As a result of trading a key index of the UK FTSE 100 was easier on 0,6%, despite the fact that retail sales in December rose 0.3% m /m, while the expected growth of only 1,1%. The French CAC 40 index sank 1.07%, while the German DAX closed in a minus on 0,9%. Regional index Dow Stoxx 600 has lowered from its asset 1,14% and closed at the level of 249.89 points.

The financial sector was under scrutiny "bears". Quotes of Germany"s biggest lender Deutsche Bank went into minus on 4,19%, and the paper of the Swiss bank UBS and Britain"s Barclays "thinner" at 3,93% and 4,12% respectively.

Largest broker of interbank transactions ICAP lost in the auction 6,58% of market capitalization. Shares in London Stock Exchange (LSE), in turn, fell 4.32%. Securities Stock Exchange, the leading operator in terms of market value of Deutsche Boerse also unable to avoid the sale, their fall was 3.2%.

CFO"s second-largest European airline Deutsche Lufthansa said that some analysts" forecasts for eaf55rnings in 2010 slightly overstated because they do not take into account future prices and fuel costs. As a result, quotes, Deutsche Lufthansa dipped 6.06%.

After the Cheuvreux analysts of Gilbert Dupont, and lowered the recommendations for securities of the French manufacturer"s tests for HIV infection and hepatitis BioMerieux, their market value has fallen to 5,94%.

Shares automaker Fiat became easier to 1,39% on the background of lowering their rating analysts Barclays Capital.

The leadership in the Italian phone company Telecom Italia has added to its asset 1,86%. According to the not yet officially confirmed the information, Telecom Italia could make a deal to merge with the Spanish company Telefonica, is today its largest investor.

Due to falling prices for metals mining companies, paper Antofagasta, Rio Tinto Group and BHP Billiton went in a minus on 0,74%, 0,08% and 0,41% respectively.

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