European stocks finished the week growth

Trades in Europe on Friday, September 3, leading indexes opened higher after the U.S. market and Asia. During the day the market continued to demonstrate the lateral movement, as investors were in no hurry to buy or sell in anticipation of release of key statistics of the week - data on the U.S. labor market for August. Positive impact on the mood of players had a report of the U.S. Department of Labor (US Department of Labor). Although, according to the document, the unemployment rate in the country in August 2010. rose by 0.1 percentage points - up 9.6%, as predicted, analysts are optimistic investors were greeted by reducing the number of jobs in non-agricultural sectors of the country on 54 th at the forecast decline of 105 thousand stock trading in the U.S. opened steady growth leading indicators on the background of optimistic news about the labor market of the country. The growth of European shares also been recovered, and the main stock indicators finished the week growth in the region. The French CAC 40 index rose 1.12% to 3,672.2 points, Germany's DAX rose by 0,83% - to 6134.62 points, Britain's FTSE 100 rose by 1,06% - to 5428.15 points.

Shares of British BP Plc. rose to 2.32%, despite news that the company's expenses incurred in connection with an accident on an oil platform deep Deepwater Horizon in the Gulf of Mexico reached $ 8 billion BP has reported previously that the costs of responding to the disaster 6100000000 dollars worth noting that, in connection with the crash in the Gulf of Mexico cost oil company BP on advertising has increased three times from April to July of this year compared with the same period a year earlier. For publicity purposes the company has spent more than 93 million dollars At the same time in BP reported that most of the funds went to inform residents of the affected regions to work on the consequences of a spill.

The volume of retail sales in the area of circulation of uniform European currency continues to grow, albeit at a slower pace than analysts expected. This news service RBC with reference to the European statistical agency Eurostat. In July of 2010. relative to the previous month it rose by 0,1%. Analysts also expect that retail sales on a monthly basis will increase by 0,2%. In the 27 EU countries this indicator on a monthly basis also increased by 0,1%. The volume of retail trade in the euro zone in July 2010. compared with July 2009. increased by 1,1%, and in 27 countries - EU members - at 1%.

The European Commission approved the establishment of a stabilization fund Hellenic Financial Stability Fund (HFSF) for Greek banks' volume of 10 billion dollars the fund will be earmarked for recapitalizing the Greek banks hit by the debt crisis in the country. According to the European Commission, this mechanism is fully consistent with the rules of providing financial assistance to the EU. Creating HFSF is part of emergency assistance provided to Athens EU in cooperation with the IMF. Stabilization Fund will operate until 30 June 2017. As stated in the document, in the case of recourse HFSF each financial company would be bound to provide the European Commission's own restructuring plan.