Monday, December 11, 2006

The European share indexes

On Tuesday the European stock markets have grown the second day successively owing to the encouraged data about a state of the American economy.

  • British index FTSE 100 was lifted on 36.00 items, or on 0.6%, up to 6086.40.
  • German DAX Xetra 30 has soared on 77.57 items, or on 1.2%, up to 6372.80.
  • French CAC 40 was closed with growth on 6.61 items, or on 1.2%, on a mark 5359.69.
  • Summary all-European index Dow Jones Stoxx 600 was lifted on 2.32 items, or on 0.7%, up to 353.91.

As a whole, 16 from 18 European markets have demonstrated growth on Tuesday. The institute of management of supply (ISM) has informed that in November growth of services sector in the USA was accelerated. The business index of services sector has grown. These data have lowered fears of investors concerning sharp slowing down of growth rates of the American economy.

Shares of the mining companies have demonstrated growth owing to increase in the copper and nickel prices on Tuesday. The prices for nickel on Tuesday have reached a 19-years maximum. On this background prices for shares of BHP Billiton, the world's largest mining company, have grown on 1.5% up to 980 pence. Shares of Rio Tinto, the third by size mining company in the world, have risen in price for 2.6% up to 2831 pence.

Securities of Royal Dutch Shell Plc, the largest on a market value European petroleum company, have grown on 1.6% up to 1804 pence after analysts of ABN Amro Holding NV have increased a rating of its shares and the forecast of growth of profit. Shares of British Petroleum Plc, the second largest petroleum company in the Europe, were lifted on 1.9% up to 578 pence. Stock quotations of petroleum company Total SA, which is on the third place in the Europe, have grown on 2% up to 53.8 euros.

ABN Amro has declared that these petroleum companies should consider prospects of merge. In opinion of experts, creation of the large incorporated petroleum company in the Europe is inevitable.

Stock quotations of exchange operator Euronext NV was lifted on 2.1% up to 86.85 euros. It happened after regulating bodies have agreed to its take-over by company NYSE Group Inc. that is ready to pay $13 billion for the second-largest stock exchange in the Europe.

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