Trading in shares in Europe were opened in Thursday, 9 September 2010., Different directions movement leading indicators. Soon, however, investors began to buy back the paper. During the day the positive sentiment in the markets are maintained, and stock indexes have shown growth. The increase in optimism contributed to the results of placement of government bonds Poland, Portugal and Ireland. Rising prices of metals heated up investor interest in securities representatives of the mining sector. An additional impetus for the growth of stock indices obtained after the release of macroeconomic statistics in the U.S., which were better than expected, and growth of the leading U.S. indices at the beginning of the session. In the U.S., the number of initial applications for unemployment benefit for a week, which ended on 4 September 2010. In comparison with that of the previous week declined by 27 thousand and reached 451 thousand, according to news service RBC. Analysts had expected that this figure will be 470 thousand until the end of the session value of European shares continued to rise.
The outcome of the French CAC 40 index rose 1.22% to 3,722.15 points, Germany's DAX - on 0,93%% to 6,221.52 points, the British FTSE 100 - on 1,19% - to 5494.16 paragraph.
Bank of England left the base discount rate without changes - at their lowest level in history - 0,5% per annum. This was decided at the meeting of Committee of the bank's monetary policy. This decision coincided with the expectations of analysts.
Shares of British corporation BAE Systems fell 1.3%. One of the world's largest arms producers intend to reduce to 1 thousand jobs. Reductions in staff will affect five plants in the UK, including enterprises in the cities Brou, Chedderton, Farnborough, Selmsberi and Wharton. An appropriate statement was made on Thursday representatives of the management BAE Systems. According to them, the reduction associated with a reduction in workload, mainly due to reduction program Hawk (production of training and combat aircraft) and changes in the defense program announced by the UK government in December 2009.
UK trade deficit in July 2010. compared with the previous month has grown and reached 8.67 billion pounds (10.5 billion euros). Such data are published the National Statistical Service of Great Britain. Analysts expected a trade deficit of the country at 7.5 billion pounds (9.11 billion euros). In June of 2010. trade deficit, according to revised data, amounted to 7.53 billion pounds (9.14 billion euros). Previously reported a deficit of $ 7,40 billion pounds sterling.
