European stocks showed a drop on the results of the last trading day last week at 0,6-1,6% after a weak third-quarter reports for Bank of America (BofA) and General Electric, reported Bloomberg.
Index Dow Jones Stoxx 600, on Friday fell by 0,7%. On Thursday, the index peaked in October last year. Last week, the indicator grew by 1,2%.
People were hoping for a very, very good numbers, - said an analyst at Aegon Asset Management in Edinburgh, Bill Dinning. So often, when there is the expectation, the market is disappointed. Even if we have to go through a correction, I think we should finish the season with good reporting, - the expert added.
Earnings General Electric Co. from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share. Revenues decreased by 20% to $ 37.8 billion analysts polled by Bloomberg, on average, predicted the figures at 20 cents per share and $ 39.66 billion
total orders GE in the third quarter totaled $ 18.4 billion, a decrease of 18%. Orders for equipment increased by $ 700 million backlog of orders for products and services to group companies by the end of the third quarter reached a record $ 174 billion
In these reports on 5,9% cheaper paper of the French Safran SA, which works with GE in the manufacture of aircraft engines.
addition, after this lowered the cost of Europe's biggest engineering company Siemens AG - on 2,8%.
largest U.S. bank Bank of America Corp. recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share. Bank Revenues in the third quarter totaled $ 26.04 billion against the analysts expected $ 27.65 billion
Equity National Bank of Greece sank 3.6%. The Greek Government announced that it intends to impose the biggest bank in the country's one-off tax on profits.
Papers of the largest bus and rail company National Express UK collapsed by 23% - the maximum decline in 8 years - after reports that the investment company CVC Capital Partners abandoned the intention to buy the British company for 765 million pounds ($ 1.3 billion ).
Capitalization Petroplus Holdings AG, Europe's largest independent oil refining company, increased by 4,6%. In the course of trading on the New York Mercantile Exchange (NYMEX) price of oil of mark WTI rose to $ 78.17 a barrel - its highest level since Oct. 15, 2008.
Shares
British oil company Tullow Oil rose in price by 1,8%.
Paper
Lloyds Banking Group, the UK's biggest mortgage bank, rose by 1,9% - to 93.71 pence per share. Deutsche Bank has improved the outlook for the bank's shares to buy from hold. The target value of securities was raised to 115 pence from 110 pence.
mobile phone manufacturer Sony Ericsson Mobile Communications Ltd. recorded an increase in net loss for the third quarter of 2009. However, quarterly results were better than analysts' forecasts, and Sony Ericsson, a joint venture of Japanese Sony Corp. and Sweden's Telefon AB LM Ericsson, noted the slow decline in the global mobile phone market. Sony Ericsson shares rose 2%.
The crisis is not overcome by mergingBaku is considering several alternative export routes for gasEmission interruptedLoans to legal entities - Market OverviewLoans to individuals - Market OverviewMost Asian stock markets are falling because of fears reduce company profitsAfter the gap up at the opening of Russian sites during the day are most likely to consolidateInvestment recommendation on shares of Gazprom, Sberbank, VTB and the futures on the RTSThe oil market will continue its growth, the first strong resistance - at about $ 80 a barrel
Indexes in Europe fell on Friday by more than 1% on weak accountability BofA and GE
European stocks showed a drop on the results of the last trading day last week at 0,6-1,6% after a weak third-quarter reports for Bank of America (BofA) and General Electric, reported Bloomberg.
Index Dow Jones Stoxx 600, on Friday fell by 0,7%. On Thursday, the index peaked in October last year. Last week, the indicator grew by 1,2%.
People were hoping for a very, very good numbers, - said an analyst at Aegon Asset Management in Edinburgh, Bill Dinning. So often, when there is the expectation, the market is disappointed. Even if we have to go through a correction, I think we should finish the season with good reporting, - the expert added.
Earnings General Electric Co. from continuing operations in the third quarter of 2009 decreased by 51% - to $ 2.5 billion, or 22 cents per share. Revenues decreased by 20% to $ 37.8 billion analysts polled by Bloomberg, on average, predicted the figures at 20 cents per share and $ 39.66 billion
total orders GE in the third quarter totaled $ 18.4 billion, a decrease of 18%. Orders for equipment increased by $ 700 million backlog of orders for products and services to group companies by the end of the third quarter reached a record $ 174 billion
In these reports on 5,9% cheaper paper of the French Safran SA, which works with GE in the manufacture of aircraft engines.
addition, after this lowered the cost of Europe's biggest engineering company Siemens AG - on 2,8%.
largest U.S. bank Bank of America Corp. recorded a net loss for the third quarter of $ 1 billion, or $ 0.26 per share. Bank Revenues in the third quarter totaled $ 26.04 billion against the analysts expected $ 27.65 billion
Equity National Bank of Greece sank 3.6%. The Greek Government announced that it intends to impose the biggest bank in the country's one-off tax on profits.
Papers of the largest bus and rail company National Express UK collapsed by 23% - the maximum decline in 8 years - after reports that the investment company CVC Capital Partners abandoned the intention to buy the British company for 765 million pounds ($ 1.3 billion ).
Capitalization Petroplus Holdings AG, Europe's largest independent oil refining company, increased by 4,6%. In the course of trading on the New York Mercantile Exchange (NYMEX) price of oil of mark WTI rose to $ 78.17 a barrel - its highest level since Oct. 15, 2008.
Shares
British oil company Tullow Oil rose in price by 1,8%.
Paper
Lloyds Banking Group, the UK's biggest mortgage bank, rose by 1,9% - to 93.71 pence per share. Deutsche Bank has improved the outlook for the bank's shares to buy from hold. The target value of securities was raised to 115 pence from 110 pence.
mobile phone manufacturer Sony Ericsson Mobile Communications Ltd. recorded an increase in net loss for the third quarter of 2009. However, quarterly results were better than analysts' forecasts, and Sony Ericsson, a joint venture of Japanese Sony Corp. and Sweden's Telefon AB LM Ericsson, noted the slow decline in the global mobile phone market. Sony Ericsson shares rose 2%.
The crisis is not overcome by merging
Baku is considering several alternative export routes for gas
Emission interrupted
Loans to legal entities - Market Overview
Loans to individuals - Market Overview
Most Asian stock markets are falling because of fears reduce company profits
After the gap up at the opening of Russian sites during the day are most likely to consolidate
Investment recommendation on shares of Gazprom, Sberbank, VTB and the futures on the RTS
The oil market will continue its growth, the first strong resistance - at about $ 80 a barrel