Market Analysis

 

Tuesday, 22 September, European stock markets closed growth. In the absence of any important news, inactive auction in Asia, as well as the expectation of the results of the meeting on Big Twenties and the meetings of the Operations Committee on the open market the U.S. Federal Reserve, investors have revised their view on the situation in the world economy and preferred purchases. In addition, the Government of Italy and Switzerland have raised forecasts for economic growth in 2010. Thus, according to estimates of the Ministry of Finance, Italy's GDP to decline in the current year on 4,8%, while in 2010 growth rate will be 0,7%. The Swiss economy is expected to decrease by 1,7% in 2009 and an increase in GDP of 0,4% on the results of next year.

As a result of trades regional index Dow Jones Stoxx 600 added 1.51%. The British FTSE 100 gained strength by 0,16%, German DAX rose to 0,79%, French CAC 40 rose by 0.45%. Leader of growth was the Scandinavian OMX Nordic 40, an increase of 1,22%.

Shares of Europe's largest semiconductor manufacturer STMicroelectronics recovered at 2,7%, and the paper Infineon Technologies added 1.11% on the background of the key growth indicator, which characterizes the cost of computer memory cards, at 1.1%.

Quotations world's largest cruise operator Carnival in London trading rose by 5%. The company raised its earnings forecast for the end of this year due to higher than expected, ticket prices, and analysts Bank of America shares added to the list of Carnival Europe 1.

Rise in price of metals and oil has led to an increase in the value of securities of commodity companies. Thus, the market capitalization of the largest in the world gornodobytchika BHP Billiton rose by 1%, shares of the third-largest platinum producer Lonmin strengthened by 2,3%, but rates silver producer Fresnillo advanced to 3.58%.

Shares in Europe's biggest airline Air France-KLM Group added 4.74% of the value after the company representatives reported decrease in passenger liners 2% for the winter season of 2009. In addition, analysts have raised the valuation Cheuvreux Securities European airline to 40%, citing higher rates of economic growth in 2010, as well as to increase tariffs. Market capitalization of German Lufthansa has increased by 3,06%.

Quotes Vivendi rose 1.93%. According to unofficial information, the owner of the world's largest music company may be in the board meetings, scheduled for October 14 to decide on sale of stake in NBC Universal. Representatives of both companies declined to comment on this post.

Papers of the second largest in the Spanish construction company Grupo Ferrovial recovered at 5,7%, after Banco Santander analysts raised their rating to hold to buy.

Shares in Europe's largest hotel chain Accor jumped 3.26%. The company said the sale to the subsequent receipt of rent 158 Formule 1 budget hotels for 272 million euros ($ 400 million). Receipts Accor will spend on debt reduction.

Values of the basic indexes on closing are resulted in the table:

Net profit of Sberbank for 8 months in 2009 under RAS decreased to 7.4 billion rubles
USA: pessimism as the wind blew
The upcoming meeting of G-20 will form the basis of a new financial world order?
Further movement of Russia's stock indices will identify solutions Fed and G 20
Sibirtelecom published bad accounting under IFRS for 1 half of 2009
The rising trend in the world, Russia's stock segment retains its relevance
Substantive session ended FORTS growth of most contracts
In Russia ban issue to pay taxes
The EU will support Google's legal dispute with the owners of trade marks

Reviews and ideas