Trades in Europe on Friday, September 10, opened opposite changes leading indexes. During the day, common dynamics were observed, as the influence on the course of trading provided confounding factors. Before the output of the investors chose to lock in profits, which prevented the markets continue to grow. The impact on individual securities quotes provided corporate news. Little support in the indices at the end of the day had a positive opening of the American session. Stock trades in the U.S. opened mostly growth of leading indexes against a background of improving the forecast of growth of the Japanese economy and increased oil imports in China, which has given investors hope for a global recovery.
As a result, by the end of the day prices of many stocks still rose slightly. The outcome of the French CAC 40 index rose 0.1% to 3,725.82 points, Britain's FTSE 100 index - on 0,14% - to 5501.64 points. Deutsch DAX declined by 0.1% and closed at 6,214.77 points.
Deutsche Bank shares went up by 0.40%, despite the information that the bank is considering selling its shares to raise 9 billion euros, intends to extend an increase in the share of Deutsche Postbank. Additional funds Deutsche Bank also needed in connection with the anticipated tightening of capital requirements of banks from the international banking regulator (the Basel Committee). It is assumed that the new requirements will be formulated already 11-12 September and the final decision on this matter is expected in November this year In accordance with new requirements of the Basel Committee may establish Tier I capital ratio of banks at a level not less than 6%. The news caused concern among investors over the entire banking sector as a whole.
Immediately, two leading French car manufacturer - Renault SA and PSA Peugeot Citroen extinguished by 1 billion euros of its debt to the French government. Now the amount of the debt of both companies before going to Paris amounted to 2 billion euros. Payment of the loan will be made from its own supply of liquidity of companies. Thus, the French automakers seek to reduce their debt obligations, and with them the interest on the loan, issued on 12 April 2009. in accordance with the decision of Head of the Republic Nicolas Sarkozy, give companies financial support totaling $ 6 billion euros. In exchange, Paris demanded that Renault and Peugeot Citroen to guarantee the work of his enterprises in the territory of France. News about the early repayment of debt allowed Renault SA shares increased by 1,82%, PSA Peugeot Citroen - on 1,81%.
Shares of French GDF Suez, which is the fifth largest producer of electricity and the largest importer of gas in Europe, have fallen in price on 1,19%. The company intends to completely sell its share of 5,01% in the Spanish gas company Gas Natural, said on Friday Spanish stock market regulator CNMV. This package includes 46.2 million shares with a market value as of the close of the trading session on September 9 2010. amounts to 561 million euros. The search for a buyer on the U.S. banks Citigroup and Goldman Sachs, who intend to resort to an accelerated book building applications that will find buyers in a few hours.
Price Securities Nokia, the largest producer of mobile phones, grew by 0.65% after the Board of Directors decided to appoint a CEO Stephen Elopa currently occupies one of the leading positions at Microsoft and previously worked at Adobe Systems, Jupiter Networks and Macromedia. In the new position he will come on September 21 2010.
Indicators of industrial production in France were quite positive. Industrial production in France in July 2010. increased by 0,9% compared to the previous month. Such data. According to news service RBC, provided the national statistical office Insee. Analysts had expected growth to 0,7% in monthly terms.
Industrial prices in the UK in August 2010. increased by 4,7% compared with August 2009., reported the National Statistics Office UK. Analysts had expected growth to 4,8%. Compared with July 2010. Industrial prices in the UK over the past month increased by 0,1%. The index of industrial prices, reflecting the change in value when selling goods directly from factories, is a key indicator for determining future inflation at the consumer level.
