European stock indexes rise on Wednesday after the Organization for Economic Cooperation and Development (OECD) has increased the forecast of economic growth for the 30 member countries for the first time in two years, since the recession in the United States shows signs of abating.
Total GDP
most industrialized nations of the world to decline by 4.1% on the basis of the current year, and believe in the organization, and in 2010 - will grow by 0.7%. In March, are expected to decline to 4.3% in 2009 and 0.1% - next year.
Value Dow Jones Stoxx 600 with the opening of the market soared 2.4%, a record increase from 1 June, reported Bloomberg.
Nevertheless, from June 11, the index fell by 3.8% against the backdrop of fears that the value of the shares rose too high. Currently, the ratio of prices of shares of companies included in the calculation Stoxx 600, their profit is 25.4, which is the highest level since March 2004.
Economic activity in OECD countries has reached bottom - said OECD Secretary General Angel Gurria to journalists in Paris on Wednesday. - We anticipate the restoration, which will be rather slow in places and weak.
In addition, a positive impact on the European market has a good statistics of the United States. Orders for durable goods rose in May to 1.8%, while analysts predicted a decline of 0.9%. Published data indicate the likelihood of easing the economic downturn. GDP United States could return to growth in the second half of 2009, a steady rise in consumer spending could push businesses to increase investment and production after the stocks of goods in warehouses have fallen significantly.
Stock Quotes
one of the leading mining companies Rio Tinto Group rose with the opening of the market at 4.5% followed by increases in the cost of metals.
Price Securities Anglo American jumped to 11% after reports that Swiss Xstrata Plc will continue to seek opportunities to negotiate with the British company to join.
Papers
German SAP AG, the world's largest developer of software for business, went up by 3.4% on news of the positive benefits of Oracle.
World leading developer of software for Oracle databases on the outcome of February-May on record revenues decline by 5%, net profit - up to 7%, but, nevertheless, the results exceeded the forecasts of the market. The company also believes that the figures were much better than expected, and even shows signs of increasing demand in recent months.
Cost Deutsche Bank shares rose 6.9%. Citigroup analysts have upgraded the recommendation for Germany's largest bank to hold from sell, citing the improvement in prognosis in investment banking.
Papers BNP Paribas gaining 5.7% in price after the experts Societe Generale recommended buying shares of French bank.
index of the largest enterprises in Europe, Dow Jones Euro Stoxx 50 to 19:26 AM EDT rose 64.17 points (2.73%) - up to 2417.65 points.
British FTSE 100 by this time risen to 55.73 points (1.32%), amounting to 4,285.75 points.
French CAC 40 index added 70.31 points (2.26%) - up to 3187.13 points.
The German DAX
with the opening of the market rose by 127.06 points (2.7%) and amounted to 4834.21 points.
All the major stock indexes eighteen Western European countries show increasing on Wednesday.
Capital nedostroev
Contingency budget option
Forex Asia
Most U.S. stocks rose on Wednesday, futures rise on Thursday
The value of the dollar declines on Thursday after the Fed decision
Stock markets in Asia are growing at statdannyh of the United States and increasing commodity prices
Ukrainian stock market played drop the previous day and on Wednesday closed in the black
Forex - results of day
Forex - in the European session
Growth of European indexes more than 2% after improving the forecast of OECD economies
European stock indexes rise on Wednesday after the Organization for Economic Cooperation and Development (OECD) has increased the forecast of economic growth for the 30 member countries for the first time in two years, since the recession in the United States shows signs of abating.
Total GDP
most industrialized nations of the world to decline by 4.1% on the basis of the current year, and believe in the organization, and in 2010 - will grow by 0.7%. In March, are expected to decline to 4.3% in 2009 and 0.1% - next year.
Value Dow Jones Stoxx 600 with the opening of the market soared 2.4%, a record increase from 1 June, reported Bloomberg.
Nevertheless, from June 11, the index fell by 3.8% against the backdrop of fears that the value of the shares rose too high. Currently, the ratio of prices of shares of companies included in the calculation Stoxx 600, their profit is 25.4, which is the highest level since March 2004.
Economic activity in OECD countries has reached bottom - said OECD Secretary General Angel Gurria to journalists in Paris on Wednesday. - We anticipate the restoration, which will be rather slow in places and weak.
In addition, a positive impact on the European market has a good statistics of the United States. Orders for durable goods rose in May to 1.8%, while analysts predicted a decline of 0.9%. Published data indicate the likelihood of easing the economic downturn. GDP United States could return to growth in the second half of 2009, a steady rise in consumer spending could push businesses to increase investment and production after the stocks of goods in warehouses have fallen significantly.
Stock Quotes
one of the leading mining companies Rio Tinto Group rose with the opening of the market at 4.5% followed by increases in the cost of metals.
Price Securities Anglo American jumped to 11% after reports that Swiss Xstrata Plc will continue to seek opportunities to negotiate with the British company to join.
Papers
German SAP AG, the world's largest developer of software for business, went up by 3.4% on news of the positive benefits of Oracle.
World leading developer of software for Oracle databases on the outcome of February-May on record revenues decline by 5%, net profit - up to 7%, but, nevertheless, the results exceeded the forecasts of the market. The company also believes that the figures were much better than expected, and even shows signs of increasing demand in recent months.
Cost Deutsche Bank shares rose 6.9%. Citigroup analysts have upgraded the recommendation for Germany's largest bank to hold from sell, citing the improvement in prognosis in investment banking.
Papers BNP Paribas gaining 5.7% in price after the experts Societe Generale recommended buying shares of French bank.
index of the largest enterprises in Europe, Dow Jones Euro Stoxx 50 to 19:26 AM EDT rose 64.17 points (2.73%) - up to 2417.65 points.
British FTSE 100 by this time risen to 55.73 points (1.32%), amounting to 4,285.75 points.
French CAC 40 index added 70.31 points (2.26%) - up to 3187.13 points.
The German DAX
with the opening of the market rose by 127.06 points (2.7%) and amounted to 4834.21 points.
All the major stock indexes eighteen Western European countries show increasing on Wednesday.
Capital nedostroev
Contingency budget option
Forex Asia
Most U.S. stocks rose on Wednesday, futures rise on Thursday
The value of the dollar declines on Thursday after the Fed decision
Stock markets in Asia are growing at statdannyh of the United States and increasing commodity prices
Ukrainian stock market played drop the previous day and on Wednesday closed in the black
Forex - results of day
Forex - in the European session